ELEKTRO STAR: 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 STAR
Largest movements
- Receivables within one year +€23,264
up €23,264 (+27.0%), from €86,009 to €109,273
- Reserves +€69,840
up €69,840 (+96.4%), from €72,442 to €142,281
- Provisions -€51,443
down €51,443 (-100%), from €51,443 to €0
- Tax, wage and social debts +€5,178
up €5,178 (+142%), from €3,640 to €8,818
- Provisions -€51,443
new in 2025: -€51,443
- Taxes +€5,150
up €5,150 (+281%), from €1,834 to €6,984
- Gross operating margin +€4,926
up €4,926 (+24.9%), from €19,773 to €24,699
- Financial income +€810
up €810 (+18.1%), from €4,481 to €5,291
- Other operating charges +€439
up €439 (+20.9%), from €2,106 to €2,546
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 | €266,908 | €288,690 | +€21,782 | +8.2% |
| Fixed assets | 21/28 | €63,309 | €61,865 | -€1,444 | -2.3% |
| Tangible fixed assets | 22/27 | €63,309 | €61,865 | -€1,444 | -2.3% |
| Land and buildings | 22 | €63,309 | €61,865 | -€1,444 | -2.3% |
| Current assets | 29/58 | €203,599 | €226,825 | +€23,226 | +11.4% |
| Amounts receivable after more than one year | 29 | €115,891 | €115,891 | = | 0.0% |
| Other amounts receivable | 291 | €115,891 | €115,891 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,009 | €109,273 | +€23,264 | +27.0% |
| Other amounts receivable | 41 | €86,009 | €109,273 | +€23,264 | +27.0% |
| Cash at bank and in hand | 54/58 | €1,699 | €1,662 | -€38 | -2.2% |
| Total equity and liabilities | 10/49 | €266,908 | €288,690 | +€21,782 | +8.2% |
| Equity | 10/15 | €203,389 | €273,228 | +€69,840 | +34.3% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €72,442 | €142,281 | +€69,840 | +96.4% |
| Distributable reserves | 133 | €72,442 | €142,281 | +€69,840 | +96.4% |
| Profit (loss) carried forward | 14 | €123,510 | €123,510 | = | 0.0% |
| Provisions and deferred taxes | 16 | €51,443 | €0 | -€51,443 | -100% |
| Provisions for liabilities and charges | 160/5 | €51,443 | €0 | -€51,443 | -100% |
| Pensions and similar obligations | 160 | €51,443 | €0 | -€51,443 | -100% |
| Amounts payable | 17/49 | €12,077 | €15,462 | +€3,385 | +28.0% |
| Amounts payable within one year | 42/48 | €10,384 | €15,062 | +€4,678 | +45.0% |
| Trade debts | 44 | €6,745 | €6,245 | -€500 | -7.4% |
| Suppliers | 440/4 | €6,745 | €6,245 | -€500 | -7.4% |
| Taxes, remuneration and social security | 45 | €3,640 | €8,818 | +€5,178 | +142% |
| Taxes | 450/3 | €3,640 | €8,818 | +€5,178 | +142% |
| Accrued charges and deferred income | 492/3 | €1,692 | €400 | -€1,293 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,444 | €1,444 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€51,443 | -€51,443 | |
| Other operating charges | 640/8 | €2,106 | €2,546 | +€439 | +20.9% |
| Gross operating margin | 9900 | €19,773 | €24,699 | +€4,926 | +24.9% |
| Operating profit (loss) | 9901 | €16,223 | €72,153 | +€55,930 | +345% |
| Financial income | 75/76B | €4,481 | €5,291 | +€810 | +18.1% |
| Recurring financial income | 75 | €4,481 | €5,291 | +€810 | +18.1% |
| Financial charges | 65/66B | €531 | €620 | +€89 | +16.8% |
| Recurring financial charges | 65 | €531 | €620 | +€89 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €20,173 | €76,824 | +€56,651 | +281% |
| Income taxes | 67/77 | €1,834 | €6,984 | +€5,150 | +281% |
| Profit (loss) for the period | 9904 | €18,339 | €69,840 | +€51,500 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €18,339 | €69,840 | +€51,500 | +281% |
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.