ELEKTRO JACOBS: 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 JACOBS
Largest movements
- Tangible fixed assets -€14,753
down €14,753 (-6.7%), from €220,324 to €205,571
of which Land and buildings: -€11,182
- Receivables within one year -€11,324
down €11,324 (-36.1%), from €31,338 to €20,014
of which Trade receivables: -€7,584
- Cash -€7,668
down €7,668 (-25.6%), from €29,932 to €22,264
mainly Debts after one year (-€83,387) and Current portion of long-term debt (-€11,704)
- Debts after one year -€83,387
down €83,387 (-100%), from €83,387 to €0
- Reserves +€35,752
up €35,752 (+22.4%), from €159,460 to €195,212
of which Distributable reserves: +€35,752
- Trade debts +€20,310
up €20,310 (+920%), from €2,208 to €22,518
- Current portion of long-term debt -€11,704
down €11,704 (-100%), from €11,704 to €0
- Other debts +€4,874
up €4,874 (+259%), from €1,882 to €6,755
- Gross operating margin +€31,468
up €31,468 (+72.5%), from €43,385 to €74,852
- Taxes +€11,429
up €11,429 (+145%), from €7,863 to €19,292
- Depreciation -€1,061
down €1,061 (-6.2%), from €17,146 to €16,084
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 | €294,775 | €258,922 | -€35,854 | -12.2% |
| Fixed assets | 21/28 | €222,118 | €207,365 | -€14,753 | -6.6% |
| Tangible fixed assets | 22/27 | €220,324 | €205,571 | -€14,753 | -6.7% |
| Land and buildings | 22 | €206,413 | €195,231 | -€11,182 | -5.4% |
| Plant, machinery and equipment | 23 | €4,167 | €3,672 | -€495 | -11.9% |
| Furniture and vehicles | 24 | €9,744 | €6,668 | -€3,075 | -31.6% |
| Financial fixed assets | 28 | €1,794 | €1,794 | = | 0.0% |
| Current assets | 29/58 | €72,658 | €51,556 | -€21,101 | -29.0% |
| Stocks and contracts in progress | 3 | €8,968 | €8,455 | -€513 | -5.7% |
| Stocks | 30/36 | €8,968 | €8,455 | -€513 | -5.7% |
| Amounts receivable within one year | 40/41 | €31,338 | €20,014 | -€11,324 | -36.1% |
| Trade receivables | 40 | €24,115 | €16,531 | -€7,584 | -31.5% |
| Other amounts receivable | 41 | €7,223 | €3,483 | -€3,740 | -51.8% |
| Cash at bank and in hand | 54/58 | €29,932 | €22,264 | -€7,668 | -25.6% |
| Deferred charges and accrued income | 490/1 | €2,419 | €823 | -€1,596 | -66.0% |
| Total equity and liabilities | 10/49 | €294,775 | €258,922 | -€35,854 | -12.2% |
| Equity | 10/15 | €186,153 | €221,905 | +€35,752 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159,460 | €195,212 | +€35,752 | +22.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €157,600 | €193,352 | +€35,752 | +22.7% |
| Profit (loss) carried forward | 14 | €8,093 | €8,093 | = | 0.0% |
| Amounts payable | 17/49 | €108,622 | €37,016 | -€71,606 | -65.9% |
| Amounts payable after more than one year | 17 | €83,387 | €0 | -€83,387 | -100% |
| Financial debts | 170/4 | €83,387 | €0 | -€83,387 | -100% |
| Amounts payable within one year | 42/48 | €25,235 | €37,016 | +€11,782 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €11,704 | €0 | -€11,704 | -100% |
| Trade debts | 44 | €2,208 | €22,518 | +€20,310 | +920% |
| Suppliers | 440/4 | €2,208 | €22,518 | +€20,310 | +920% |
| Taxes, remuneration and social security | 45 | €9,441 | €7,743 | -€1,698 | -18.0% |
| Taxes | 450/3 | €9,441 | €7,743 | -€1,698 | -18.0% |
| Other amounts payable | 47/48 | €1,882 | €6,755 | +€4,874 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,146 | €16,084 | -€1,061 | -6.2% |
| Other operating charges | 640/8 | €1,119 | €1,235 | +€116 | +10.4% |
| Gross operating margin | 9900 | €43,385 | €74,852 | +€31,468 | +72.5% |
| Operating profit (loss) | 9901 | €25,120 | €57,533 | +€32,413 | +129% |
| Financial income | 75/76B | €23 | €70 | +€46 | +200% |
| Recurring financial income | 75 | €23 | €70 | +€46 | +200% |
| Financial charges | 65/66B | €2,701 | €2,559 | -€142 | -5.3% |
| Recurring financial charges | 65 | €2,701 | €2,559 | -€142 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €22,442 | €55,043 | +€32,602 | +145% |
| Income taxes | 67/77 | €7,863 | €19,292 | +€11,429 | +145% |
| Profit (loss) for the period | 9904 | €14,579 | €35,752 | +€21,173 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €14,579 | €35,752 | +€21,173 | +145% |
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.