Elektro Dewulf: 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 Dewulf
Largest movements
- Receivables within one year -€58,426
down €58,426 (-60.1%), from €97,144 to €38,719
of which Trade receivables: -€41,009
- Deferred charges and accrued income +€2,468
up €2,468 (+175%), from €1,410 to €3,879
- Tangible fixed assets -€2,416
down €2,416 (-16.6%), from €14,548 to €12,132
of which Furniture and vehicles: -€3,120
- Stocks and contracts -€1,906
down €1,906 (-9.7%), from €19,750 to €17,844
- Reserves -€29,643
down €29,643 (-82.7%), from €35,832 to €6,189
- Trade debts -€17,351
down €17,351 (-38.7%), from €44,834 to €27,483
- Advances received -€13,500
no longer reported in 2025 (was €13,500)
- Tax, wage and social debts +€2,771
up €2,771 (+66.0%), from €4,196 to €6,967
of which Remuneration and social security: +€1,588
- Gross operating margin +€7,449
up €7,449 (+74.0%), from €10,072 to €17,521
- Write-downs +€2,589
new in 2025: €2,589
- Taxes +€568
up €568 (+38.9%), from €1,458 to €2,026
- Financial income -€554
down €554 (-36.9%), from €1,501 to €947
- Other operating charges +€201
up €201 (+26.0%), from €773 to €975
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 | €147,412 | €88,383 | -€59,030 | -40.0% |
| Fixed assets | 21/28 | €14,548 | €12,132 | -€2,416 | -16.6% |
| Tangible fixed assets | 22/27 | €14,548 | €12,132 | -€2,416 | -16.6% |
| Plant, machinery and equipment | 23 | €2,077 | €2,782 | +€704 | +33.9% |
| Furniture and vehicles | 24 | €12,471 | €9,351 | -€3,120 | -25.0% |
| Current assets | 29/58 | €132,864 | €76,250 | -€56,614 | -42.6% |
| Stocks and contracts in progress | 3 | €19,750 | €17,844 | -€1,906 | -9.7% |
| Stocks | 30/36 | €19,750 | €17,844 | -€1,906 | -9.7% |
| Amounts receivable within one year | 40/41 | €97,144 | €38,719 | -€58,426 | -60.1% |
| Trade receivables | 40 | €71,322 | €30,313 | -€41,009 | -57.5% |
| Other amounts receivable | 41 | €25,822 | €8,406 | -€17,417 | -67.4% |
| Cash at bank and in hand | 54/58 | €14,559 | €15,809 | +€1,250 | +8.6% |
| Deferred charges and accrued income | 490/1 | €1,410 | €3,879 | +€2,468 | +175% |
| Total equity and liabilities | 10/49 | €147,412 | €88,383 | -€59,030 | -40.0% |
| Equity | 10/15 | €54,432 | €24,789 | -€29,643 | -54.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,832 | €6,189 | -€29,643 | -82.7% |
| Distributable reserves | 133 | €35,832 | €6,189 | -€29,643 | -82.7% |
| Amounts payable | 17/49 | €92,980 | €63,594 | -€29,386 | -31.6% |
| Amounts payable within one year | 42/48 | €92,530 | €63,594 | -€28,936 | -31.3% |
| Trade debts | 44 | €44,834 | €27,483 | -€17,351 | -38.7% |
| Suppliers | 440/4 | €44,834 | €27,483 | -€17,351 | -38.7% |
| Advances received on contracts in progress | 46 | €13,500 | - | -€13,500 | |
| Taxes, remuneration and social security | 45 | €4,196 | €6,967 | +€2,771 | +66.0% |
| Taxes | 450/3 | €4,196 | €5,379 | +€1,183 | +28.2% |
| Remuneration and social security | 454/9 | - | €1,588 | +€1,588 | |
| Other amounts payable | 47/48 | €30,000 | €29,143 | -€857 | -2.9% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,427 | €4,582 | +€155 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,589 | +€2,589 | |
| Other operating charges | 640/8 | €773 | €975 | +€201 | +26.0% |
| Gross operating margin | 9900 | €10,072 | €17,521 | +€7,449 | +74.0% |
| Operating profit (loss) | 9901 | €4,872 | €9,375 | +€4,503 | +92.4% |
| Financial income | 75/76B | €1,501 | €947 | -€554 | -36.9% |
| Recurring financial income | 75 | €1,501 | €947 | -€554 | -36.9% |
| Financial charges | 65/66B | €2,055 | €2,108 | +€53 | +2.6% |
| Recurring financial charges | 65 | €2,055 | €2,108 | +€53 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €4,318 | €8,215 | +€3,897 | +90.2% |
| Income taxes | 67/77 | €1,458 | €2,026 | +€568 | +38.9% |
| Profit (loss) for the period | 9904 | €2,860 | €6,189 | +€3,329 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €2,860 | €6,189 | +€3,329 | +116% |
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.