Elektro Maes: 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 Maes
Largest movements
- Tangible fixed assets -€16,137
down €16,137 (-7.1%), from €228,757 to €212,620
- Reserves -€6,989
down €6,989 (-11.6%), from €60,175 to €53,186
of which Tax-exempt reserves: -€4,708
- Debts after one year -€6,234
down €6,234 (-6.1%), from €101,841 to €95,607
- Other debts -€3,242
down €3,242 (-33.7%), from €9,625 to €6,383
- Gross operating margin +€2,260
up €2,260 (+22.2%), from €10,169 to €12,428
- Financial charges -€268
down €268 (-11.0%), from €2,424 to €2,156
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 | €231,209 | €214,530 | -€16,679 | -7.2% |
| Fixed assets | 21/28 | €228,757 | €212,620 | -€16,137 | -7.1% |
| Tangible fixed assets | 22/27 | €228,757 | €212,620 | -€16,137 | -7.1% |
| Land and buildings | 22 | €228,757 | €212,620 | -€16,137 | -7.1% |
| Current assets | 29/58 | €2,452 | €1,910 | -€542 | -22.1% |
| Cash at bank and in hand | 54/58 | €1,539 | €944 | -€595 | -38.7% |
| Deferred charges and accrued income | 490/1 | €912 | €965 | +€53 | +5.8% |
| Total equity and liabilities | 10/49 | €231,209 | €214,530 | -€16,679 | -7.2% |
| Equity | 10/15 | €88,851 | €81,862 | -€6,989 | -7.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €60,175 | €53,186 | -€6,989 | -11.6% |
| Tax-exempt reserves | 132 | €55,895 | €51,187 | -€4,708 | -8.4% |
| Distributable reserves | 133 | €4,280 | €1,999 | -€2,281 | -53.3% |
| Provisions and deferred taxes | 16 | €19,282 | €17,539 | -€1,744 | -9.0% |
| Deferred taxes | 168 | €19,282 | €17,539 | -€1,744 | -9.0% |
| Amounts payable | 17/49 | €123,076 | €115,129 | -€7,946 | -6.5% |
| Amounts payable after more than one year | 17 | €101,841 | €95,607 | -€6,234 | -6.1% |
| Financial debts | 170/4 | €101,841 | €95,607 | -€6,234 | -6.1% |
| Amounts payable within one year | 42/48 | €21,234 | €19,522 | -€1,712 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €6,116 | €6,234 | +€118 | +1.9% |
| Trade debts | 44 | €5,281 | €6,680 | +€1,398 | +26.5% |
| Suppliers | 440/4 | €5,281 | €6,680 | +€1,398 | +26.5% |
| Taxes, remuneration and social security | 45 | €212 | €226 | +€14 | +6.4% |
| Taxes | 450/3 | €212 | €226 | +€14 | +6.4% |
| Other amounts payable | 47/48 | €9,625 | €6,383 | -€3,242 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,137 | €16,137 | = | 0.0% |
| Other operating charges | 640/8 | €2,559 | €2,647 | +€88 | +3.4% |
| Gross operating margin | 9900 | €10,169 | €12,428 | +€2,260 | +22.2% |
| Operating profit (loss) | 9901 | -€8,528 | -€6,355 | +€2,172 | +25.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €2,424 | €2,156 | -€268 | -11.0% |
| Recurring financial charges | 65 | €2,424 | €2,156 | -€268 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,952 | -€8,505 | +€2,447 | +22.3% |
| Transfer from deferred taxes | 780 | €1,744 | €1,744 | -€0 | 0.0% |
| Income taxes | 67/77 | €212 | €228 | +€16 | +7.3% |
| Profit (loss) for the period | 9904 | -€9,420 | -€6,989 | +€2,431 | +25.8% |
| Transfer from tax-exempt reserves | 789 | €4,708 | €4,708 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,712 | -€2,281 | +€2,431 | +51.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.