ELEKTRO DEVOLDERE: 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 DEVOLDERE
Largest movements
- Receivables within one year -€32,701
down €32,701 (-29.1%), from €112,386 to €79,685
of which Trade receivables: -€30,334
- Cash -€12,238
down €12,238 (-55.8%), from €21,936 to €9,698
mainly Trade debts (-€73,989) and Other debts (-€11,849)
- Tangible fixed assets -€6,127
down €6,127 (-18.7%), from €32,730 to €26,603
of which Furniture and vehicles: -€3,371
- Trade debts -€73,989
down €73,989 (-65.5%), from €113,024 to €39,036
- Accrued charges and deferred income +€24,523
new in 2025: €24,523
- Reserves +€16,223
up €16,223 (+143%), from €11,340 to €27,563
- Other debts -€11,849
down €11,849 (-92.9%), from €12,753 to €904
- Current portion of long-term debt -€2,933
down €2,933 (-30.6%), from €9,600 to €6,667
- Gross operating margin +€14,315
up €14,315 (+51.7%), from €27,706 to €42,021
- Taxes +€3,613
up €3,613 (+90.1%), from €4,009 to €7,622
- Staff costs -€1,871
down €1,871 (-22.7%), from €8,235 to €6,363
- Depreciation +€1,351
up €1,351 (+21.5%), from €6,280 to €7,631
- Financial charges +€1,327
up €1,327 (+217%), from €613 to €1,940
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 | €168,595 | €117,693 | -€50,903 | -30.2% |
| Fixed assets | 21/28 | €32,730 | €26,603 | -€6,127 | -18.7% |
| Tangible fixed assets | 22/27 | €32,730 | €26,603 | -€6,127 | -18.7% |
| Plant, machinery and equipment | 23 | €17,371 | €14,615 | -€2,756 | -15.9% |
| Furniture and vehicles | 24 | €15,359 | €11,987 | -€3,371 | -22.0% |
| Current assets | 29/58 | €135,865 | €91,090 | -€44,775 | -33.0% |
| Amounts receivable within one year | 40/41 | €112,386 | €79,685 | -€32,701 | -29.1% |
| Trade receivables | 40 | €86,891 | €56,556 | -€30,334 | -34.9% |
| Other amounts receivable | 41 | €25,495 | €23,129 | -€2,366 | -9.3% |
| Cash at bank and in hand | 54/58 | €21,936 | €9,698 | -€12,238 | -55.8% |
| Deferred charges and accrued income | 490/1 | €1,544 | €1,707 | +€163 | +10.6% |
| Total equity and liabilities | 10/49 | €168,595 | €117,693 | -€50,903 | -30.2% |
| Equity | 10/15 | €29,932 | €46,155 | +€16,223 | +54.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,340 | €27,563 | +€16,223 | +143% |
| Distributable reserves | 133 | €11,340 | €27,563 | +€16,223 | +143% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €138,663 | €71,537 | -€67,125 | -48.4% |
| Amounts payable within one year | 42/48 | €138,663 | €47,015 | -€91,648 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €9,600 | €6,667 | -€2,933 | -30.6% |
| Trade debts | 44 | €113,024 | €39,036 | -€73,989 | -65.5% |
| Suppliers | 440/4 | €113,024 | €39,036 | -€73,989 | -65.5% |
| Taxes, remuneration and social security | 45 | €3,285 | €408 | -€2,877 | -87.6% |
| Taxes | 450/3 | €0 | €408 | +€408 | |
| Remuneration and social security | 454/9 | €3,285 | €0 | -€3,285 | -100% |
| Other amounts payable | 47/48 | €12,753 | €904 | -€11,849 | -92.9% |
| Accrued charges and deferred income | 492/3 | - | €24,523 | +€24,523 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,235 | €6,363 | -€1,871 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,280 | €7,631 | +€1,351 | +21.5% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | - | €882 | +€882 | |
| Gross operating margin | 9900 | €27,706 | €42,021 | +€14,315 | +51.7% |
| Operating profit (loss) | 9901 | €12,678 | €26,617 | +€13,939 | +110% |
| Financial income | 75/76B | €3 | €1 | -€2 | -56.2% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -56.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €613 | €1,940 | +€1,327 | +217% |
| Recurring financial charges | 65 | €613 | €1,940 | +€1,327 | +217% |
| Profit (loss) for the period before taxes | 9903 | €12,068 | €24,678 | +€12,610 | +104% |
| Income taxes | 67/77 | €4,009 | €7,622 | +€3,613 | +90.1% |
| Profit (loss) for the period | 9904 | €8,059 | €17,056 | +€8,997 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €8,059 | €17,056 | +€8,997 | +112% |
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 26 October 2026 via checked.be.