ELEKTRO MARGO JOHAN: 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 MARGO JOHAN
Largest movements
- Cash -€10,136
down €10,136 (-15.0%), from €67,533 to €57,397
mainly Other debts (-€99,466) and Net result for the year (-€23,711)
- Tangible fixed assets -€6,450
down €6,450 (-9.8%), from €66,097 to €59,647
- Stocks and contracts -€6,047
down €6,047 (-7.1%), from €85,080 to €79,034
- Debts after one year +€100,000
new in 2025: €100,000
- Other debts -€99,466
down €99,466 (-73.5%), from €135,383 to €35,916
- Profit (loss) carried forward -€23,711
down €23,711 (-490%), from -€4,839 to -€28,551
- Gross operating margin -€24,470
down €24,470, from €14,534 to -€9,936
- Financial charges -€574
down €574 (-10.2%), from €5,617 to €5,042
- Depreciation +€551
up €551 (+9.3%), from €5,899 to €6,450
- Other operating charges +€373
up €373 (+13.7%), from €2,715 to €3,088
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 | €238,051 | €215,737 | -€22,314 | -9.4% |
| Formation expenses | 20 | €1,512 | €1,512 | = | 0.0% |
| Fixed assets | 21/28 | €81,267 | €74,816 | -€6,450 | -7.9% |
| Tangible fixed assets | 22/27 | €66,097 | €59,647 | -€6,450 | -9.8% |
| Land and buildings | 22 | €66,097 | €59,647 | -€6,450 | -9.8% |
| Financial fixed assets | 28 | €15,169 | €15,169 | = | 0.0% |
| Current assets | 29/58 | €155,273 | €139,409 | -€15,864 | -10.2% |
| Stocks and contracts in progress | 3 | €85,080 | €79,034 | -€6,047 | -7.1% |
| Stocks | 30/36 | €85,080 | €79,034 | -€6,047 | -7.1% |
| Amounts receivable within one year | 40/41 | €1,648 | €2,711 | +€1,063 | +64.5% |
| Trade receivables | 40 | €1,648 | €2,711 | +€1,063 | +64.5% |
| Cash at bank and in hand | 54/58 | €67,533 | €57,397 | -€10,136 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,011 | €267 | -€744 | -73.6% |
| Total equity and liabilities | 10/49 | €238,051 | €215,737 | -€22,314 | -9.4% |
| Equity | 10/15 | €95,481 | €71,769 | -€23,711 | -24.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €38,820 | €38,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,525 | €31,525 | = | 0.0% |
| Distributable reserves | 133 | €1,145 | €1,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,839 | -€28,551 | -€23,711 | -490% |
| Amounts payable | 17/49 | €142,571 | €143,968 | +€1,397 | +1.0% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €140,996 | €43,712 | -€97,284 | -69.0% |
| Trade debts | 44 | €2,887 | €4,026 | +€1,139 | +39.5% |
| Suppliers | 440/4 | €2,887 | €4,026 | +€1,139 | +39.5% |
| Taxes, remuneration and social security | 45 | €2,726 | €3,769 | +€1,044 | +38.3% |
| Taxes | 450/3 | €2,726 | €3,769 | +€1,044 | +38.3% |
| Other amounts payable | 47/48 | €135,383 | €35,916 | -€99,466 | -73.5% |
| Accrued charges and deferred income | 492/3 | €1,575 | €256 | -€1,319 | -83.7% |
| Non-recurring operating income | 76A | €9,050 | €150 | -€8,900 | -98.3% |
| Remuneration, social security and pensions | 62 | €0 | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,899 | €6,450 | +€551 | +9.3% |
| Other operating charges | 640/8 | €2,715 | €3,088 | +€373 | +13.7% |
| Gross operating margin | 9900 | €14,534 | -€9,936 | -€24,470 | |
| Operating profit (loss) | 9901 | €5,919 | -€19,499 | -€25,419 | |
| Financial income | 75/76B | €931 | €830 | -€100 | -10.8% |
| Recurring financial income | 75 | €931 | €830 | -€100 | -10.8% |
| Financial charges | 65/66B | €5,617 | €5,042 | -€574 | -10.2% |
| Recurring financial charges | 65 | €5,617 | €5,042 | -€574 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €1,233 | -€23,711 | -€24,945 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,233 | -€23,711 | -€24,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,233 | -€23,711 | -€24,945 |
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 30 October 2026 via checked.be.