ELEKTRO FD: 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 FD
Largest movements
- Stocks and contracts +€33,446
up €33,446 (+36.2%), from €92,513 to €125,959
- Tangible fixed assets -€17,620
down €17,620 (-14.5%), from €121,627 to €104,007
of which Land and buildings: -€8,860
- Intangible fixed assets -€5,996
down €5,996 (-13.3%), from €44,971 to €38,975
- Cash -€5,977
down €5,977 (-16.8%), from €35,576 to €29,599
mainly Stocks and contracts (-€33,446) and Trade debts (-€28,657)
- Reserves +€52,913
up €52,913 (+28.9%), from €183,027 to €235,940
- Trade debts -€28,657
down €28,657 (-88.9%), from €32,229 to €3,572
- Other debts -€20,256
down €20,256 (-36.3%), from €55,741 to €35,485
- Debts after one year -€16,377
down €16,377 (-30.2%), from €54,299 to €37,922
- Tax, wage and social debts +€12,427
up €12,427 (+235.3%), from €5,282 to €17,709
of which Taxes: +€14,732
- Turnover -€481,017
no longer reported in 2025 (was €481,017)
- Purchases and services -€415,125
no longer reported in 2025 (was €415,125)
- Gross operating margin +€39,074
up €39,074 (+57.4%), from €68,061 to €107,135
- Taxes +€8,599
up €8,599 (+140.2%), from €6,133 to €14,732
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 | €364,905 | €365,605 | +€700 | +0.2% |
| Fixed assets | 21/28 | €166,599 | €142,983 | -€23,616 | -14.2% |
| Intangible fixed assets | 21 | €44,971 | €38,975 | -€5,996 | -13.3% |
| Tangible fixed assets | 22/27 | €121,627 | €104,007 | -€17,620 | -14.5% |
| Land and buildings | 22 | €55,978 | €47,118 | -€8,860 | -15.8% |
| Plant, machinery and equipment | 23 | €34,238 | €28,854 | -€5,384 | -15.7% |
| Furniture and vehicles | 24 | €31,411 | €28,036 | -€3,376 | -10.7% |
| Current assets | 29/58 | €198,306 | €222,622 | +€24,316 | +12.3% |
| Stocks and contracts in progress | 3 | €92,513 | €125,959 | +€33,446 | +36.2% |
| Stocks | 30/36 | €92,513 | €125,959 | +€33,446 | +36.2% |
| Amounts receivable within one year | 40/41 | €66,380 | €63,275 | -€3,105 | -4.7% |
| Trade receivables | 40 | €37,307 | €48,088 | +€10,781 | +28.9% |
| Other amounts receivable | 41 | €29,073 | €15,187 | -€13,886 | -47.8% |
| Cash at bank and in hand | 54/58 | €35,576 | €29,599 | -€5,977 | -16.8% |
| Deferred charges and accrued income | 490/1 | €3,837 | €3,789 | -€48 | -1.3% |
| Total equity and liabilities | 10/49 | €364,905 | €365,605 | +€700 | +0.2% |
| Equity | 10/15 | €201,627 | €254,540 | +€52,913 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,027 | €235,940 | +€52,913 | +28.9% |
| Distributable reserves | 133 | €183,027 | €235,940 | +€52,913 | +28.9% |
| Amounts payable | 17/49 | €163,278 | €111,065 | -€52,213 | -32.0% |
| Amounts payable after more than one year | 17 | €54,299 | €37,922 | -€16,377 | -30.2% |
| Financial debts | 170/4 | €54,299 | €37,922 | -€16,377 | -30.2% |
| Amounts payable within one year | 42/48 | €108,978 | €73,143 | -€35,836 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €15,726 | €16,377 | +€651 | +4.1% |
| Trade debts | 44 | €32,229 | €3,572 | -€28,657 | -88.9% |
| Suppliers | 440/4 | €32,229 | €3,572 | -€28,657 | -88.9% |
| Taxes, remuneration and social security | 45 | €5,282 | €17,709 | +€12,427 | +235.3% |
| Taxes | 450/3 | €0 | €14,732 | +€14,732 | |
| Remuneration and social security | 454/9 | €5,282 | €2,977 | -€2,305 | -43.6% |
| Other amounts payable | 47/48 | €55,741 | €35,485 | -€20,256 | -36.3% |
| Turnover | 70 | €481,017 | - | -€481,017 | |
| Goods, raw materials, services and sundry goods | 60/61 | €415,125 | - | -€415,125 | |
| Remuneration, social security and pensions | 62 | - | €231 | +€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,475 | €30,956 | +€3,481 | +12.7% |
| Other operating charges | 640/8 | €1,576 | €1,699 | +€123 | +7.8% |
| Gross operating margin | 9900 | €68,061 | €107,135 | +€39,074 | +57.4% |
| Operating profit (loss) | 9901 | €39,011 | €74,249 | +€35,238 | +90.3% |
| Financial income | 75/76B | €11 | €22 | +€11 | +98.7% |
| Recurring financial income | 75 | €11 | €22 | +€11 | +98.7% |
| Financial charges | 65/66B | €7,989 | €6,626 | -€1,363 | -17.1% |
| Recurring financial charges | 65 | €7,989 | €6,626 | -€1,363 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €31,033 | €67,645 | +€36,612 | +118.0% |
| Income taxes | 67/77 | €6,133 | €14,732 | +€8,599 | +140.2% |
| Profit (loss) for the period | 9904 | €24,900 | €52,913 | +€28,013 | +112.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,900 | €52,913 | +€28,013 | +112.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.