ELEKTRO ED: 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 ED
Largest movements
- Receivables within one year -€35,464
down €35,464 (-13.6%), from €260,805 to €225,342
of which Trade receivables: -€74,651
- Deferred charges and accrued income +€3,294
up €3,294 (+46.8%), from €7,038 to €10,332
- Trade debts -€65,066
down €65,066 (-76.3%), from €85,254 to €20,188
- Profit (loss) carried forward +€48,402
up €48,402 (+87.5%), from €55,300 to €103,703
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Current portion of long-term debt -€2,858
no longer reported in 2025 (was €2,858)
- Gross operating margin -€28,721
down €28,721 (-31.4%), from €91,531 to €62,809
- Depreciation -€8,699
down €8,699 (-96.9%), from €8,980 to €281
- Financial income +€3,145
up €3,145 (+44.7%), from €7,040 to €10,185
- Financial charges -€1,303
down €1,303 (-39.1%), from €3,333 to €2,030
- Staff costs +€1,191
up €1,191 (+61.7%), from €1,932 to €3,123
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,124 | €235,673 | -€32,451 | -12.1% |
| Fixed assets | 21/28 | €281 | €0 | -€281 | -100% |
| Tangible fixed assets | 22/27 | €281 | €0 | -€281 | -100% |
| Plant, machinery and equipment | 23 | €281 | €0 | -€281 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €267,843 | €235,673 | -€32,170 | -12.0% |
| Amounts receivable within one year | 40/41 | €260,805 | €225,342 | -€35,464 | -13.6% |
| Trade receivables | 40 | €88,415 | €13,763 | -€74,651 | -84.4% |
| Other amounts receivable | 41 | €172,391 | €211,578 | +€39,188 | +22.7% |
| Deferred charges and accrued income | 490/1 | €7,038 | €10,332 | +€3,294 | +46.8% |
| Total equity and liabilities | 10/49 | €268,124 | €235,673 | -€32,451 | -12.1% |
| Equity | 10/15 | €114,073 | €162,476 | +€48,402 | +42.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €58,673 | €58,673 | = | 0.0% |
| Distributable reserves | 133 | €58,673 | €58,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,300 | €103,703 | +€48,402 | +87.5% |
| Amounts payable | 17/49 | €154,051 | €73,197 | -€80,853 | -52.5% |
| Amounts payable within one year | 42/48 | €154,051 | €73,197 | -€80,853 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €2,858 | - | -€2,858 | |
| Financial debts | 43 | €9,623 | €8,572 | -€1,051 | -10.9% |
| Credit institutions | 430/8 | €9,623 | €8,572 | -€1,051 | -10.9% |
| Trade debts | 44 | €85,254 | €20,188 | -€65,066 | -76.3% |
| Suppliers | 440/4 | €85,254 | €20,188 | -€65,066 | -76.3% |
| Taxes, remuneration and social security | 45 | €46,317 | €44,438 | -€1,879 | -4.1% |
| Taxes | 450/3 | €31,661 | €41,315 | +€9,654 | +30.5% |
| Remuneration and social security | 454/9 | €14,655 | €3,123 | -€11,533 | -78.7% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €1,932 | €3,123 | +€1,191 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,980 | €281 | -€8,699 | -96.9% |
| Other operating charges | 640/8 | €1,806 | €859 | -€947 | -52.4% |
| Gross operating margin | 9900 | €91,531 | €62,809 | -€28,721 | -31.4% |
| Operating profit (loss) | 9901 | €78,812 | €58,546 | -€20,266 | -25.7% |
| Financial income | 75/76B | €7,040 | €10,185 | +€3,145 | +44.7% |
| Recurring financial income | 75 | €7,040 | €10,185 | +€3,145 | +44.7% |
| Financial charges | 65/66B | €3,333 | €2,030 | -€1,303 | -39.1% |
| Recurring financial charges | 65 | €3,333 | €2,030 | -€1,303 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €82,519 | €66,701 | -€15,818 | -19.2% |
| Income taxes | 67/77 | €17,219 | €18,299 | +€1,080 | +6.3% |
| Profit (loss) for the period | 9904 | €65,300 | €48,402 | -€16,898 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,300 | €48,402 | -€16,898 | -25.9% |
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 13 October 2026 via checked.be.