ELEKTRO PROJECT: 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 PROJECT
Largest movements
- Cash -€23,829
down €23,829 (-85.8%), from €27,780 to €3,951
mainly Contributions, distributions and other (-€58,865) and Current portion of long-term debt (-€3,576)
- Tangible fixed assets -€9,341
no longer reported in 2025 (was €9,341)
of which Leasing and similar rights: -€7,920
- Receivables within one year -€6,976
down €6,976 (-15.1%), from €46,102 to €39,126
of which Trade receivables: -€7,087
- Deferred charges and accrued income -€1,257
down €1,257 (-82.4%), from €1,527 to €269
- Reserves -€27,937
down €27,937 (-98.0%), from €28,497 to €561
- Profit (loss) carried forward -€8,171
down €8,171 (-26.4%), from €30,928 to €22,757
- Current portion of long-term debt -€3,576
down €3,576 (-65.2%), from €5,482 to €1,907
- Other debts -€2,703
down €2,703 (-56.9%), from €4,746 to €2,043
- Tax, wage and social debts +€2,449
up €2,449 (+344%), from €713 to €3,162
- Gross operating margin +€18,978
up €18,978 (+95.1%), from €19,946 to €38,924
- Taxes +€4,170
up €4,170 (+209%), from €1,992 to €6,162
- Other operating charges -€496
down €496 (-48.9%), from €1,013 to €518
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 | €91,150 | €49,746 | -€41,404 | -45.4% |
| Fixed assets | 21/28 | €15,741 | €6,400 | -€9,341 | -59.3% |
| Tangible fixed assets | 22/27 | €9,341 | - | -€9,341 | |
| Furniture and vehicles | 24 | €1,232 | - | -€1,232 | |
| Leasing and similar rights | 25 | €7,920 | - | -€7,920 | |
| Other tangible fixed assets | 26 | €190 | - | -€190 | |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €75,409 | €43,346 | -€32,062 | -42.5% |
| Amounts receivable within one year | 40/41 | €46,102 | €39,126 | -€6,976 | -15.1% |
| Trade receivables | 40 | €15,896 | €8,809 | -€7,087 | -44.6% |
| Other amounts receivable | 41 | €30,206 | €30,316 | +€111 | +0.4% |
| Cash at bank and in hand | 54/58 | €27,780 | €3,951 | -€23,829 | -85.8% |
| Deferred charges and accrued income | 490/1 | €1,527 | €269 | -€1,257 | -82.4% |
| Total equity and liabilities | 10/49 | €91,150 | €49,746 | -€41,404 | -45.4% |
| Equity | 10/15 | €78,026 | €41,918 | -€36,108 | -46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,497 | €561 | -€27,937 | -98.0% |
| Distributable reserves | 133 | €28,497 | €561 | -€27,937 | -98.0% |
| Profit (loss) carried forward | 14 | €30,928 | €22,757 | -€8,171 | -26.4% |
| Amounts payable | 17/49 | €13,124 | €7,828 | -€5,296 | -40.4% |
| Amounts payable after more than one year | 17 | €1,907 | - | -€1,907 | |
| Financial debts | 170/4 | €1,907 | - | -€1,907 | |
| Amounts payable within one year | 42/48 | €11,218 | €7,828 | -€3,389 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €5,482 | €1,907 | -€3,576 | -65.2% |
| Trade debts | 44 | €276 | €716 | +€440 | +159% |
| Suppliers | 440/4 | €276 | €716 | +€440 | +159% |
| Taxes, remuneration and social security | 45 | €713 | €3,162 | +€2,449 | +344% |
| Taxes | 450/3 | €713 | €3,162 | +€2,449 | +344% |
| Other amounts payable | 47/48 | €4,746 | €2,043 | -€2,703 | -56.9% |
| Remuneration, social security and pensions | 62 | €104 | - | -€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,152 | €9,341 | +€190 | +2.1% |
| Other operating charges | 640/8 | €1,013 | €518 | -€496 | -48.9% |
| Gross operating margin | 9900 | €19,946 | €38,924 | +€18,978 | +95.1% |
| Operating profit (loss) | 9901 | €9,677 | €29,064 | +€19,387 | +200% |
| Financial charges | 65/66B | €304 | €145 | -€159 | -52.3% |
| Recurring financial charges | 65 | €304 | €145 | -€159 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €9,373 | €28,919 | +€19,546 | +209% |
| Income taxes | 67/77 | €1,992 | €6,162 | +€4,170 | +209% |
| Profit (loss) for the period | 9904 | €7,382 | €22,757 | +€15,376 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €7,382 | €22,757 | +€15,376 | +208% |
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 14 October 2026 via checked.be.