ELEKTRO SARRAZIJN: 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 SARRAZIJN
Largest movements
- Current investments +€250,000
new in 2026: €250,000
- Cash -€161,806
down €161,806 (-60.3%), from €268,303 to €106,496
mainly Current investments (-€250,000) and Contributions, distributions and other (-€148,813)
- Receivables within one year -€36,042
down €36,042 (-23.8%), from €151,730 to €115,689
of which Other amounts receivable: -€48,056
- Stocks and contracts -€13,659
down €13,659 (-58.1%), from €23,525 to €9,865
- Tangible fixed assets -€8,271
down €8,271 (-4.0%), from €204,338 to €196,067
of which Other tangible fixed assets: -€13,893
- Other debts +€90,597
up €90,597, from €0 to €90,597
- Reserves -€30,591
down €30,591 (-5.7%), from €536,427 to €505,836
of which Distributable reserves: -€30,591
- Trade debts -€25,693
down €25,693 (-46.6%), from €55,157 to €29,464
- Tax, wage and social debts +€13,877
up €13,877 (+166%), from €8,367 to €22,244
of which Taxes: +€13,753
- Debts after one year -€12,533
down €12,533 (-100%), from €12,533 to €0
- Gross operating margin +€16,826
up €16,826 (+6.2%), from €271,208 to €288,033
- Other operating charges +€3,548
up €3,548 (+166%), from €2,131 to €5,680
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,427 | €686,088 | +€31,661 | +4.8% |
| Fixed assets | 21/28 | €204,513 | €196,242 | -€8,271 | -4.0% |
| Tangible fixed assets | 22/27 | €204,338 | €196,067 | -€8,271 | -4.0% |
| Land and buildings | 22 | €21,900 | €17,446 | -€4,453 | -20.3% |
| Plant, machinery and equipment | 23 | €17,616 | €11,503 | -€6,113 | -34.7% |
| Furniture and vehicles | 24 | €64,886 | €87,103 | +€22,216 | +34.2% |
| Leasing and similar rights | 25 | €30,140 | €24,112 | -€6,028 | -20.0% |
| Other tangible fixed assets | 26 | €69,796 | €55,903 | -€13,893 | -19.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €449,914 | €489,846 | +€39,932 | +8.9% |
| Stocks and contracts in progress | 3 | €23,525 | €9,865 | -€13,659 | -58.1% |
| Stocks | 30/36 | €23,525 | €9,865 | -€13,659 | -58.1% |
| Amounts receivable within one year | 40/41 | €151,730 | €115,689 | -€36,042 | -23.8% |
| Trade receivables | 40 | €35,982 | €47,996 | +€12,014 | +33.4% |
| Other amounts receivable | 41 | €115,748 | €67,692 | -€48,056 | -41.5% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €268,303 | €106,496 | -€161,806 | -60.3% |
| Deferred charges and accrued income | 490/1 | €6,357 | €7,795 | +€1,439 | +22.6% |
| Total equity and liabilities | 10/49 | €654,427 | €686,088 | +€31,661 | +4.8% |
| Equity | 10/15 | €555,027 | €524,436 | -€30,591 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €536,427 | €505,836 | -€30,591 | -5.7% |
| 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 | €534,567 | €503,976 | -€30,591 | -5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,400 | €161,652 | +€62,252 | +62.6% |
| Amounts payable after more than one year | 17 | €12,533 | €0 | -€12,533 | -100% |
| Financial debts | 170/4 | €12,533 | €0 | -€12,533 | -100% |
| Amounts payable within one year | 42/48 | €86,867 | €161,652 | +€74,785 | +86.1% |
| Current portion of amounts payable after more than one year | 42 | €20,261 | €13,276 | -€6,985 | -34.5% |
| Financial debts | 43 | €3,082 | €6,071 | +€2,989 | +97.0% |
| Credit institutions | 430/8 | €3,082 | €6,071 | +€2,989 | +97.0% |
| Trade debts | 44 | €55,157 | €29,464 | -€25,693 | -46.6% |
| Suppliers | 440/4 | €55,157 | €29,464 | -€25,693 | -46.6% |
| Taxes, remuneration and social security | 45 | €8,367 | €22,244 | +€13,877 | +166% |
| Taxes | 450/3 | €7,541 | €21,293 | +€13,753 | +182% |
| Remuneration and social security | 454/9 | €827 | €950 | +€124 | +15.0% |
| Other amounts payable | 47/48 | €0 | €90,597 | +€90,597 | |
| Non-recurring operating income | 76A | €2,809 | €0 | -€2,809 | -100% |
| Remuneration, social security and pensions | 62 | €52,917 | €52,115 | -€802 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,003 | €52,566 | +€1,563 | +3.1% |
| Other operating charges | 640/8 | €2,131 | €5,680 | +€3,548 | +166% |
| Non-recurring operating charges | 66A | - | €10,175 | +€10,175 | |
| Gross operating margin | 9900 | €271,208 | €288,033 | +€16,826 | +6.2% |
| Operating profit (loss) | 9901 | €165,156 | €167,498 | +€2,342 | +1.4% |
| Financial income | 75/76B | €1,994 | €2,505 | +€510 | +25.6% |
| Recurring financial income | 75 | €1,994 | €2,505 | +€510 | +25.6% |
| Financial charges | 65/66B | €1,620 | €1,285 | -€335 | -20.7% |
| Recurring financial charges | 65 | €1,620 | €1,285 | -€335 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €165,531 | €168,718 | +€3,187 | +1.9% |
| Income taxes | 67/77 | €49,541 | €50,496 | +€956 | +1.9% |
| Profit (loss) for the period | 9904 | €115,990 | €118,221 | +€2,231 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,990 | €118,221 | +€2,231 | +1.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.