Elektro Khalid: 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 Khalid
Largest movements
- Receivables within one year +€82,480
up €82,480 (+210%), from €39,209 to €121,689
of which Other amounts receivable: +€47,699
- Tangible fixed assets -€13,522
down €13,522 (-47.4%), from €28,502 to €14,979
of which Furniture and vehicles: -€13,010
- Deferred charges and accrued income -€9,829
no longer reported in 2025 (was €9,829)
- Stocks and contracts +€9,103
up €9,103 (+607%), from €1,500 to €10,603
- Cash -€4,790
down €4,790 (-12.4%), from €38,643 to €33,853
mainly Receivables within one year (-€82,480) and Other debts (-€23,906)
- Reserves +€40,000
up €40,000 (+59.3%), from €67,454 to €107,454
- Trade debts +€28,409
new in 2025: €28,409
- Other debts -€23,906
no longer reported in 2025 (was €23,906)
- Tax, wage and social debts +€14,491
up €14,491 (+138%), from €10,533 to €25,024
of which Remuneration and social security: +€10,122
- Profit (loss) carried forward +€5,174
up €5,174 (+741%), from €698 to €5,871
- Gross operating margin +€62,996
up €62,996 (+287%), from €21,957 to €84,953
- Taxes +€21,629
up €21,629 (+2,287%), from €946 to €22,575
- Financial charges -€3,917
down €3,917 (-77.3%), from €5,068 to €1,151
- Other operating charges +€953
up €953 (+109%), from €875 to €1,829
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 | €131,261 | €194,703 | +€63,442 | +48.3% |
| Fixed assets | 21/28 | €28,502 | €14,979 | -€13,522 | -47.4% |
| Tangible fixed assets | 22/27 | €28,502 | €14,979 | -€13,522 | -47.4% |
| Plant, machinery and equipment | 23 | €2,232 | €1,719 | -€513 | -23.0% |
| Furniture and vehicles | 24 | €26,270 | €13,260 | -€13,010 | -49.5% |
| Current assets | 29/58 | €102,759 | €179,724 | +€76,964 | +74.9% |
| Stocks and contracts in progress | 3 | €1,500 | €10,603 | +€9,103 | +607% |
| Stocks | 30/36 | €1,500 | €10,603 | +€9,103 | +607% |
| Amounts receivable within one year | 40/41 | €39,209 | €121,689 | +€82,480 | +210% |
| Trade receivables | 40 | €28,689 | €63,470 | +€34,781 | +121% |
| Other amounts receivable | 41 | €10,520 | €58,219 | +€47,699 | +453% |
| Current investments | 50/53 | €13,578 | €13,578 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,643 | €33,853 | -€4,790 | -12.4% |
| Deferred charges and accrued income | 490/1 | €9,829 | - | -€9,829 | |
| Total equity and liabilities | 10/49 | €131,261 | €194,703 | +€63,442 | +48.3% |
| Equity | 10/15 | €71,151 | €116,325 | +€45,174 | +63.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,454 | €107,454 | +€40,000 | +59.3% |
| Distributable reserves | 133 | €67,454 | €107,454 | +€40,000 | +59.3% |
| Profit (loss) carried forward | 14 | €698 | €5,871 | +€5,174 | +741% |
| Amounts payable | 17/49 | €60,109 | €78,378 | +€18,269 | +30.4% |
| Amounts payable after more than one year | 17 | €8,273 | €10,000 | +€1,727 | +20.9% |
| Financial debts | 170/4 | €8,273 | €10,000 | +€1,727 | +20.9% |
| Amounts payable within one year | 42/48 | €42,573 | €61,706 | +€19,133 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €8,134 | €8,273 | +€139 | +1.7% |
| Trade debts | 44 | - | €28,409 | +€28,409 | |
| Suppliers | 440/4 | - | €28,409 | +€28,409 | |
| Taxes, remuneration and social security | 45 | €10,533 | €25,024 | +€14,491 | +138% |
| Taxes | 450/3 | €8,533 | €12,902 | +€4,369 | +51.2% |
| Remuneration and social security | 454/9 | €2,000 | €12,122 | +€10,122 | +506% |
| Other amounts payable | 47/48 | €23,906 | - | -€23,906 | |
| Accrued charges and deferred income | 492/3 | €9,264 | €6,672 | -€2,592 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,370 | €14,616 | +€245 | +1.7% |
| Other operating charges | 640/8 | €875 | €1,829 | +€953 | +109% |
| Gross operating margin | 9900 | €21,957 | €84,953 | +€62,996 | +287% |
| Operating profit (loss) | 9901 | €6,712 | €68,509 | +€61,797 | +921% |
| Financial income | 75/76B | - | €390 | +€390 | |
| Recurring financial income | 75 | - | €390 | +€390 | |
| Financial charges | 65/66B | €5,068 | €1,151 | -€3,917 | -77.3% |
| Recurring financial charges | 65 | €5,068 | €1,151 | -€3,917 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €1,644 | €67,749 | +€66,105 | +4,022% |
| Income taxes | 67/77 | €946 | €22,575 | +€21,629 | +2,287% |
| Profit (loss) for the period | 9904 | €698 | €45,174 | +€44,476 | +6,373% |
| Profit (loss) for the period to be appropriated | 9905 | €698 | €45,174 | +€44,476 | +6,373% |
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 16 October 2026 via checked.be.