ELEKTRO SPEECKE: 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 SPEECKE
Largest movements
- Cash +€69,082
up €69,082 (+241%), from €28,618 to €97,700
mainly Net result for the year (+€63,023) and Stocks and contracts (+€14,037)
- Stocks and contracts -€14,037
down €14,037 (-39.4%), from €35,584 to €21,547
- Tangible fixed assets -€4,496
down €4,496 (-42.7%), from €10,524 to €6,027
of which Plant, machinery and equipment: -€3,822
- Receivables within one year +€4,445
up €4,445 (+23.3%), from €19,077 to €23,522
of which Trade receivables: +€7,802
- Profit (loss) carried forward +€63,023
new in 2025: €63,023
- Trade debts -€14,997
down €14,997 (-44.4%), from €33,777 to €18,780
- Tax, wage and social debts +€11,967
up €11,967 (+219%), from €5,472 to €17,439
- Other debts -€5,000
down €5,000 (-19.5%), from €25,685 to €20,685
- Gross operating margin +€60,999
up €60,999 (+236%), from €25,872 to €86,870
- Taxes +€12,025
up €12,025 (+268%), from €4,485 to €16,510
- Other operating charges +€2,296
up €2,296 (+721%), from €319 to €2,615
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 | €93,803 | €148,796 | +€54,993 | +58.6% |
| Fixed assets | 21/28 | €10,524 | €6,027 | -€4,496 | -42.7% |
| Tangible fixed assets | 22/27 | €10,524 | €6,027 | -€4,496 | -42.7% |
| Plant, machinery and equipment | 23 | €8,794 | €4,972 | -€3,822 | -43.5% |
| Other tangible fixed assets | 26 | €1,730 | €1,055 | -€675 | -39.0% |
| Current assets | 29/58 | €83,279 | €142,769 | +€59,490 | +71.4% |
| Stocks and contracts in progress | 3 | €35,584 | €21,547 | -€14,037 | -39.4% |
| Stocks | 30/36 | €35,584 | €21,547 | -€14,037 | -39.4% |
| Amounts receivable within one year | 40/41 | €19,077 | €23,522 | +€4,445 | +23.3% |
| Trade receivables | 40 | €11,470 | €19,272 | +€7,802 | +68.0% |
| Other amounts receivable | 41 | €7,607 | €4,250 | -€3,357 | -44.1% |
| Cash at bank and in hand | 54/58 | €28,618 | €97,700 | +€69,082 | +241% |
| Total equity and liabilities | 10/49 | €93,803 | €148,796 | +€54,993 | +58.6% |
| Equity | 10/15 | €28,759 | €91,782 | +€63,023 | +219% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,759 | €25,759 | = | 0.0% |
| Distributable reserves | 133 | €25,759 | €25,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €63,023 | +€63,023 | |
| Amounts payable | 17/49 | €65,044 | €57,015 | -€8,030 | -12.3% |
| Amounts payable within one year | 42/48 | €64,934 | €56,905 | -€8,030 | -12.4% |
| Trade debts | 44 | €33,777 | €18,780 | -€14,997 | -44.4% |
| Suppliers | 440/4 | €33,777 | €18,780 | -€14,997 | -44.4% |
| Taxes, remuneration and social security | 45 | €5,472 | €17,439 | +€11,967 | +219% |
| Taxes | 450/3 | €5,472 | €17,439 | +€11,967 | +219% |
| Other amounts payable | 47/48 | €25,685 | €20,685 | -€5,000 | -19.5% |
| Accrued charges and deferred income | 492/3 | €110 | €110 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,732 | €4,496 | -€236 | -5.0% |
| Other operating charges | 640/8 | €319 | €2,615 | +€2,296 | +721% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,872 | €86,870 | +€60,999 | +236% |
| Operating profit (loss) | 9901 | €20,821 | €79,759 | +€58,939 | +283% |
| Financial income | 75/76B | €29 | €630 | +€601 | +2,078% |
| Recurring financial income | 75 | €29 | €630 | +€601 | +2,078% |
| Financial charges | 65/66B | €186 | €857 | +€671 | +361% |
| Recurring financial charges | 65 | €186 | €857 | +€671 | +361% |
| Profit (loss) for the period before taxes | 9903 | €20,664 | €79,533 | +€58,869 | +285% |
| Income taxes | 67/77 | €4,485 | €16,510 | +€12,025 | +268% |
| Profit (loss) for the period | 9904 | €16,179 | €63,023 | +€46,844 | +290% |
| Profit (loss) for the period to be appropriated | 9905 | €16,179 | €63,023 | +€46,844 | +290% |
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 27 October 2026 via checked.be.