ELEKTRO GOETHALS: 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 GOETHALS
Largest movements
- Cash -€21,964
down €21,964 (-72.7%), from €30,214 to €8,250
mainly Net result for the year (-€19,215) and Other debts (-€9,097)
- Stocks and contracts -€3,763
down €3,763 (-100%), from €3,763 to €0
- Receivables within one year +€2,125
up €2,125 (+53.0%), from €4,010 to €6,135
of which Other amounts receivable: +€1,851
- Reserves -€10,000
down €10,000 (-23.5%), from €42,507 to €32,507
- Profit (loss) carried forward -€9,215
down €9,215 (-51.7%), from -€17,810 to -€27,025
- Other debts -€9,097
down €9,097 (-100%), from €9,097 to €0
- Trade debts +€5,801
up €5,801 (+202%), from €2,869 to €8,670
- Gross operating margin +€5,498
up €5,498 (+21.5%), from -€25,597 to -€20,099
- Financial income -€350
down €350 (-15.7%), from €2,225 to €1,874
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 | €198,302 | €175,596 | -€22,706 | -11.5% |
| Current assets | 29/58 | €198,302 | €175,596 | -€22,706 | -11.5% |
| Stocks and contracts in progress | 3 | €3,763 | €0 | -€3,763 | -100% |
| Stocks | 30/36 | €3,763 | €0 | -€3,763 | -100% |
| Amounts receivable within one year | 40/41 | €4,010 | €6,135 | +€2,125 | +53.0% |
| Trade receivables | 40 | €90 | €364 | +€274 | +304% |
| Other amounts receivable | 41 | €3,920 | €5,772 | +€1,851 | +47.2% |
| Current investments | 50/53 | €157,998 | €159,678 | +€1,680 | +1.1% |
| Cash at bank and in hand | 54/58 | €30,214 | €8,250 | -€21,964 | -72.7% |
| Deferred charges and accrued income | 490/1 | €2,316 | €1,533 | -€784 | -33.8% |
| Total equity and liabilities | 10/49 | €198,302 | €175,596 | -€22,706 | -11.5% |
| Equity | 10/15 | €44,697 | €25,482 | -€19,215 | -43.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,507 | €32,507 | -€10,000 | -23.5% |
| Distributable reserves | 133 | €42,507 | €32,507 | -€10,000 | -23.5% |
| Profit (loss) carried forward | 14 | -€17,810 | -€27,025 | -€9,215 | -51.7% |
| Provisions and deferred taxes | 16 | €141,000 | €141,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €141,000 | €141,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €141,000 | €141,000 | = | 0.0% |
| Amounts payable | 17/49 | €12,605 | €9,114 | -€3,491 | -27.7% |
| Amounts payable within one year | 42/48 | €12,001 | €8,705 | -€3,296 | -27.5% |
| Financial debts | 43 | €35 | €35 | = | 0.0% |
| Credit institutions | 430/8 | €35 | €35 | = | 0.0% |
| Trade debts | 44 | €2,869 | €8,670 | +€5,801 | +202% |
| Suppliers | 440/4 | €2,869 | €8,670 | +€5,801 | +202% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,097 | €0 | -€9,097 | -100% |
| Accrued charges and deferred income | 492/3 | €604 | €409 | -€195 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €643 | €703 | +€60 | +9.3% |
| Gross operating margin | 9900 | -€25,597 | -€20,099 | +€5,498 | +21.5% |
| Operating profit (loss) | 9901 | -€26,240 | -€20,802 | +€5,438 | +20.7% |
| Financial income | 75/76B | €2,225 | €1,874 | -€350 | -15.7% |
| Recurring financial income | 75 | €2,225 | €1,874 | -€350 | -15.7% |
| Financial charges | 65/66B | €184 | €287 | +€103 | +56.0% |
| Recurring financial charges | 65 | €184 | €287 | +€103 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,199 | -€19,215 | +€4,985 | +20.6% |
| Profit (loss) for the period | 9904 | -€24,199 | -€19,215 | +€4,985 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,199 | -€19,215 | +€4,985 | +20.6% |
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 18 October 2026 via checked.be.