ELEKTRO DEVOLDERE: what changed
Two fiscal 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
- Tangible fixed assets -€19,192
down €19,192 (-16.0%), from €120,027 to €100,835
- Receivables within one year +€17,064
up €17,064 (+63.2%), from €27,021 to €44,086
of which Other amounts receivable: +€13,726
- Cash +€6,958
up €6,958 (+54.4%), from €12,785 to €19,743
mainly Debts after one year (+€113,279) and Depreciation (+€23,102)
- Stocks and contracts -€4,824
down €4,824 (-3.1%), from €156,798 to €151,974
- Debts after one year +€113,279
up €113,279 (+429.8%), from €26,354 to €139,633
- Profit (loss) carried forward -€85,869
new in 2025: -€85,869
- Short-term financial debts -€18,979
no longer reported in 2025 (was €18,979)
- Tax, wage and social debts -€12,150
down €12,150 (-79.9%), from €15,199 to €3,049
of which Taxes: -€13,035
- Trade debts +€11,067
up €11,067 (+41.0%), from €26,991 to €38,058
- Gross operating margin -€121,443
down €121,443, from €114,364 to -€7,079
- Taxes -€8,823
no longer reported in 2025 (was €8,823)
- Financial income -€4,683
down €4,683 (-84.2%), from €5,563 to €879
- Staff costs -€4,258
down €4,258 (-9.1%), from €46,999 to €42,741
- Financial charges +€2,061
up €2,061 (+23.4%), from €8,802 to €10,864
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.
Cash bridge derived
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 | €325,351 | €324,606 | -€745 | -0.2% |
| Fixed assets | 21/28 | €123,459 | €104,267 | -€19,192 | -15.5% |
| Tangible fixed assets | 22/27 | €120,027 | €100,835 | -€19,192 | -16.0% |
| Land and buildings | 22 | €85,554 | €76,613 | -€8,941 | -10.5% |
| Plant, machinery and equipment | 23 | €22,492 | €19,881 | -€2,611 | -11.6% |
| Furniture and vehicles | 24 | €11,982 | €4,341 | -€7,640 | -63.8% |
| Financial fixed assets | 28 | €3,432 | €3,432 | = | 0.0% |
| Current assets | 29/58 | €201,892 | €220,339 | +€18,447 | +9.1% |
| Stocks and contracts in progress | 3 | €156,798 | €151,974 | -€4,824 | -3.1% |
| Stocks | 30/36 | €156,798 | €151,974 | -€4,824 | -3.1% |
| Amounts receivable within one year | 40/41 | €27,021 | €44,086 | +€17,064 | +63.2% |
| Trade receivables | 40 | €27,021 | €30,360 | +€3,338 | +12.4% |
| Other amounts receivable | 41 | - | €13,726 | +€13,726 | |
| Cash at bank and in hand | 54/58 | €12,785 | €19,743 | +€6,958 | +54.4% |
| Deferred charges and accrued income | 490/1 | €5,288 | €4,537 | -€751 | -14.2% |
| Total equity and liabilities | 10/49 | €325,351 | €324,606 | -€745 | -0.2% |
| Equity | 10/15 | €81,143 | -€4,726 | -€85,869 | |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €74,945 | €74,945 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,849 | €2,849 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,849 | €2,849 | = | 0.0% |
| Distributable reserves | 133 | €72,096 | €72,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€85,869 | -€85,869 | |
| Amounts payable | 17/49 | €244,208 | €329,332 | +€85,124 | +34.9% |
| Amounts payable after more than one year | 17 | €26,354 | €139,633 | +€113,279 | +429.8% |
| Financial debts | 170/4 | €26,354 | €139,633 | +€113,279 | +429.8% |
| Amounts payable within one year | 42/48 | €217,686 | €189,610 | -€28,076 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €13,750 | €13,750 | = | 0.0% |
| Financial debts | 43 | €18,979 | - | -€18,979 | |
| Credit institutions | 430/8 | €18,979 | - | -€18,979 | |
| Trade debts | 44 | €26,991 | €38,058 | +€11,067 | +41.0% |
| Suppliers | 440/4 | €26,991 | €38,058 | +€11,067 | +41.0% |
| Taxes, remuneration and social security | 45 | €15,199 | €3,049 | -€12,150 | -79.9% |
| Taxes | 450/3 | €13,837 | €802 | -€13,035 | -94.2% |
| Remuneration and social security | 454/9 | €1,362 | €2,248 | +€885 | +65.0% |
| Other amounts payable | 47/48 | €142,767 | €134,752 | -€8,015 | -5.6% |
| Accrued charges and deferred income | 492/3 | €168 | €89 | -€79 | -47.0% |
| Remuneration, social security and pensions | 62 | €46,999 | €42,741 | -€4,258 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,990 | €23,102 | +€112 | +0.5% |
| Other operating charges | 640/8 | €2,756 | €2,963 | +€206 | +7.5% |
| Gross operating margin | 9900 | €114,364 | -€7,079 | -€121,443 | |
| Operating profit (loss) | 9901 | €41,618 | -€75,884 | -€117,503 | |
| Financial income | 75/76B | €5,563 | €879 | -€4,683 | -84.2% |
| Recurring financial income | 75 | €5,563 | €879 | -€4,683 | -84.2% |
| Financial charges | 65/66B | €8,802 | €10,864 | +€2,061 | +23.4% |
| Recurring financial charges | 65 | €8,802 | €10,864 | +€2,061 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €38,378 | -€85,869 | -€124,247 | |
| Income taxes | 67/77 | €8,823 | - | -€8,823 | |
| Profit (loss) for the period | 9904 | €29,555 | -€85,869 | -€115,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,555 | -€85,869 | -€115,424 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.