ELEKTRO DN: 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 DN
Largest movements
- Cash +€135,992
up €135,992 (+355%), from €38,295 to €174,287
mainly Net result for the year (+€104,210) and Depreciation (+€48,029)
- Tangible fixed assets -€43,103
down €43,103 (-7.6%), from €567,731 to €524,628
of which Other tangible fixed assets: -€26,458
- Reserves +€81,210
up €81,210 (+42.6%), from €190,788 to €271,998
- Debts after one year -€26,977
down €26,977 (-9.0%), from €299,495 to €272,517
- Trade debts +€23,281
up €23,281 (+68.9%), from €33,791 to €57,071
- Other debts +€17,207
up €17,207 (+18.3%), from €94,134 to €111,341
- Gross operating margin +€68,399
up €68,399 (+33.9%), from €201,978 to €270,378
- Taxes +€22,497
up €22,497 (+99.4%), from €22,637 to €45,134
- Financial charges -€8,485
down €8,485 (-32.7%), from €25,980 to €17,495
- Staff costs +€5,894
up €5,894 (+12.7%), from €46,573 to €52,467
- Depreciation +€5,676
up €5,676 (+13.4%), from €42,353 to €48,029
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 | €665,701 | €763,856 | +€98,155 | +14.7% |
| Fixed assets | 21/28 | €567,731 | €524,628 | -€43,103 | -7.6% |
| Tangible fixed assets | 22/27 | €567,731 | €524,628 | -€43,103 | -7.6% |
| Plant, machinery and equipment | 23 | €1,122 | €359 | -€763 | -68.0% |
| Furniture and vehicles | 24 | €57,263 | €41,380 | -€15,883 | -27.7% |
| Other tangible fixed assets | 26 | €509,347 | €482,889 | -€26,458 | -5.2% |
| Current assets | 29/58 | €97,970 | €239,227 | +€141,258 | +144% |
| Amounts receivable within one year | 40/41 | €58,777 | €63,850 | +€5,073 | +8.6% |
| Trade receivables | 40 | €41,261 | €42,435 | +€1,174 | +2.8% |
| Other amounts receivable | 41 | €17,516 | €21,415 | +€3,899 | +22.3% |
| Cash at bank and in hand | 54/58 | €38,295 | €174,287 | +€135,992 | +355% |
| Deferred charges and accrued income | 490/1 | €898 | €1,090 | +€192 | +21.4% |
| Total equity and liabilities | 10/49 | €665,701 | €763,856 | +€98,155 | +14.7% |
| Equity | 10/15 | €195,788 | €276,998 | +€81,210 | +41.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €190,788 | €271,998 | +€81,210 | +42.6% |
| Distributable reserves | 133 | €190,788 | €271,998 | +€81,210 | +42.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €469,913 | €486,858 | +€16,945 | +3.6% |
| Amounts payable after more than one year | 17 | €299,495 | €272,517 | -€26,977 | -9.0% |
| Financial debts | 170/4 | €299,495 | €272,517 | -€26,977 | -9.0% |
| Amounts payable within one year | 42/48 | €161,985 | €206,946 | +€44,961 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €27,792 | €26,977 | -€815 | -2.9% |
| Trade debts | 44 | €33,791 | €57,071 | +€23,281 | +68.9% |
| Suppliers | 440/4 | €33,791 | €57,071 | +€23,281 | +68.9% |
| Taxes, remuneration and social security | 45 | €6,269 | €11,556 | +€5,287 | +84.3% |
| Taxes | 450/3 | €2,847 | €7,844 | +€4,997 | +176% |
| Remuneration and social security | 454/9 | €3,421 | €3,712 | +€290 | +8.5% |
| Other amounts payable | 47/48 | €94,134 | €111,341 | +€17,207 | +18.3% |
| Accrued charges and deferred income | 492/3 | €8,433 | €7,394 | -€1,039 | -12.3% |
| Remuneration, social security and pensions | 62 | €46,573 | €52,467 | +€5,894 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,353 | €48,029 | +€5,676 | +13.4% |
| Other operating charges | 640/8 | €3,275 | €2,974 | -€301 | -9.2% |
| Non-recurring operating charges | 66A | €408 | €217 | -€191 | -46.9% |
| Gross operating margin | 9900 | €201,978 | €270,378 | +€68,399 | +33.9% |
| Operating profit (loss) | 9901 | €109,370 | €166,691 | +€57,321 | +52.4% |
| Financial income | 75/76B | €40 | €148 | +€108 | +270% |
| Recurring financial income | 75 | €40 | €148 | +€108 | +270% |
| Financial charges | 65/66B | €25,980 | €17,495 | -€8,485 | -32.7% |
| Recurring financial charges | 65 | €25,980 | €17,495 | -€8,485 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €83,430 | €149,344 | +€65,914 | +79.0% |
| Income taxes | 67/77 | €22,637 | €45,134 | +€22,497 | +99.4% |
| Profit (loss) for the period | 9904 | €60,793 | €104,210 | +€43,417 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,793 | €104,210 | +€43,417 | +71.4% |
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 19 October 2026 via checked.be.