ELEKTRO DELTA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ELEKTRO DELTA
Largest movements
- Stocks and contracts +€133,129
up €133,129 (+16.8%), from €793,520 to €926,649
- Receivables within one year -€49,318
down €49,318 (-42.1%), from €117,224 to €67,905
- Tangible fixed assets -€31,822
down €31,822 (-9.4%), from €339,294 to €307,472
- Cash +€21,184
up €21,184 (+106%), from €20,041 to €41,226
mainly Trade debts (+€138,577) and Receivables within one year (+€49,318)
- Trade debts +€138,577
up €138,577 (+51.8%), from €267,448 to €406,025
- Debts after one year -€41,893
down €41,893 (-19.1%), from €219,588 to €177,695
- Tax, wage and social debts -€30,728
down €30,728 (-8.2%), from €376,420 to €345,692
of which Taxes: -€26,477
- Profit (loss) carried forward +€26,255
up €26,255 (+15.4%), from €170,129 to €196,384
- Current portion of long-term debt -€17,353
down €17,353 (-28.1%), from €61,718 to €44,365
- Gross operating margin +€33,362
up €33,362 (+28.5%), from €117,031 to €150,393
- Staff costs +€13,269
up €13,269 (+20.3%), from €65,263 to €78,532
- Taxes +€5,822
new in 2025: €5,822
- Financial charges -€5,296
down €5,296 (-50.1%), from €10,578 to €5,281
- Other operating charges -€2,663
down €2,663 (-49.8%), from €5,347 to €2,685
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,275,322 | €1,349,853 | +€74,531 | +5.8% |
| Fixed assets | 21/28 | €342,111 | €310,289 | -€31,822 | -9.3% |
| Tangible fixed assets | 22/27 | €339,294 | €307,472 | -€31,822 | -9.4% |
| Land and buildings | 22 | €285,661 | €270,993 | -€14,669 | -5.1% |
| Plant, machinery and equipment | 23 | €7,417 | €4,254 | -€3,163 | -42.6% |
| Furniture and vehicles | 24 | €46,217 | €32,226 | -€13,991 | -30.3% |
| Financial fixed assets | 28 | €2,817 | €2,817 | = | 0.0% |
| Current assets | 29/58 | €933,211 | €1,039,564 | +€106,352 | +11.4% |
| Stocks and contracts in progress | 3 | €793,520 | €926,649 | +€133,129 | +16.8% |
| Stocks | 30/36 | €793,520 | €926,649 | +€133,129 | +16.8% |
| Amounts receivable within one year | 40/41 | €117,224 | €67,905 | -€49,318 | -42.1% |
| Trade receivables | 40 | €117,224 | €67,905 | -€49,318 | -42.1% |
| Cash at bank and in hand | 54/58 | €20,041 | €41,226 | +€21,184 | +106% |
| Deferred charges and accrued income | 490/1 | €2,426 | €3,784 | +€1,357 | +55.9% |
| Total equity and liabilities | 10/49 | €1,275,322 | €1,349,853 | +€74,531 | +5.8% |
| Equity | 10/15 | €274,820 | €301,075 | +€26,255 | +9.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €43,191 | €43,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €37,041 | €37,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,129 | €196,384 | +€26,255 | +15.4% |
| Amounts payable | 17/49 | €1,000,502 | €1,048,778 | +€48,276 | +4.8% |
| Amounts payable after more than one year | 17 | €219,588 | €177,695 | -€41,893 | -19.1% |
| Financial debts | 170/4 | €219,588 | €177,695 | -€41,893 | -19.1% |
| Amounts payable within one year | 42/48 | €780,808 | €871,083 | +€90,274 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €61,718 | €44,365 | -€17,353 | -28.1% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €267,448 | €406,025 | +€138,577 | +51.8% |
| Suppliers | 440/4 | €267,448 | €406,025 | +€138,577 | +51.8% |
| Taxes, remuneration and social security | 45 | €376,420 | €345,692 | -€30,728 | -8.2% |
| Taxes | 450/3 | €371,714 | €345,237 | -€26,477 | -7.1% |
| Remuneration and social security | 454/9 | €4,706 | €456 | -€4,250 | -90.3% |
| Other amounts payable | 47/48 | €222 | - | -€222 | |
| Accrued charges and deferred income | 492/3 | €106 | - | -€106 | |
| Non-recurring operating income | 76A | €26,765 | - | -€26,765 | |
| Remuneration, social security and pensions | 62 | €65,263 | €78,532 | +€13,269 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,203 | €31,822 | -€382 | -1.2% |
| Other operating charges | 640/8 | €5,347 | €2,685 | -€2,663 | -49.8% |
| Gross operating margin | 9900 | €117,031 | €150,393 | +€33,362 | +28.5% |
| Operating profit (loss) | 9901 | €14,217 | €37,354 | +€23,137 | +163% |
| Financial income | 75/76B | €9 | €4 | -€5 | -58.5% |
| Recurring financial income | 75 | €9 | €4 | -€5 | -58.5% |
| Financial charges | 65/66B | €10,578 | €5,281 | -€5,296 | -50.1% |
| Recurring financial charges | 65 | €10,578 | €5,281 | -€5,296 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €3,648 | €32,076 | +€28,428 | +779% |
| Income taxes | 67/77 | - | €5,822 | +€5,822 | |
| Profit (loss) for the period | 9904 | €3,648 | €26,255 | +€22,606 | +620% |
| Profit (loss) for the period to be appropriated | 9905 | €3,648 | €26,255 | +€22,606 | +620% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.