ELEKTRO T.B.: what changed
ELEKTRO T.B.
Largest movements
- Receivables within one year +€20,655
up €20,655 (+17.0%), from €121,267 to €141,923
of which Other amounts receivable: +€10,543
- Tangible fixed assets +€12,402
up €12,402 (+7.8%), from €159,913 to €172,316
of which Furniture and vehicles: +€9,200
- Cash +€7,076
up €7,076 (+7.6%), from €93,121 to €100,197
mainly Depreciation (+€41,543) and Net result for the year (+€27,931)
- Deferred charges and accrued income +€6,675
up €6,675 (+98.9%), from €6,752 to €13,427
- Stocks and contracts -€6,500
down €6,500 (-39.4%), from €16,500 to €10,000
- Reserves +€27,000
up €27,000 (+47.4%), from €57,000 to €84,000
of which Distributable reserves: +€27,000
- Debts after one year +€15,216
up €15,216 (+29.9%), from €50,965 to €66,182
- Trade debts -€13,598
down €13,598 (-9.9%), from €137,060 to €123,462
- Current portion of long-term debt +€8,194
up €8,194 (+51.6%), from €15,881 to €24,075
- Gross operating margin +€36,047
up €36,047 (+14.2%), from €253,362 to €289,408
- Staff costs +€27,993
up €27,993 (+15.3%), from €183,223 to €211,216
- Financial income +€8,752
up €8,752 (+9,408%), from €93 to €8,845
- Taxes +€3,155
up €3,155 (+35.9%), from €8,785 to €11,940
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,553 | €437,862 | +€40,309 | +10.1% |
| Fixed assets | 21/28 | €159,913 | €172,316 | +€12,402 | +7.8% |
| Tangible fixed assets | 22/27 | €159,913 | €172,316 | +€12,402 | +7.8% |
| Plant, machinery and equipment | 23 | €783 | €3,382 | +€2,599 | +332% |
| Furniture and vehicles | 24 | €145,095 | €154,295 | +€9,200 | +6.3% |
| Other tangible fixed assets | 26 | €14,035 | €14,639 | +€604 | +4.3% |
| Current assets | 29/58 | €237,640 | €265,546 | +€27,906 | +11.7% |
| Stocks and contracts in progress | 3 | €16,500 | €10,000 | -€6,500 | -39.4% |
| Contracts in progress | 37 | €16,500 | €10,000 | -€6,500 | -39.4% |
| Amounts receivable within one year | 40/41 | €121,267 | €141,923 | +€20,655 | +17.0% |
| Trade receivables | 40 | €77,195 | €87,307 | +€10,112 | +13.1% |
| Other amounts receivable | 41 | €44,072 | €54,615 | +€10,543 | +23.9% |
| Cash at bank and in hand | 54/58 | €93,121 | €100,197 | +€7,076 | +7.6% |
| Deferred charges and accrued income | 490/1 | €6,752 | €13,427 | +€6,675 | +98.9% |
| Total equity and liabilities | 10/49 | €397,553 | €437,862 | +€40,309 | +10.1% |
| Equity | 10/15 | €160,122 | €188,052 | +€27,931 | +17.4% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Reserves | 13 | €57,000 | €84,000 | +€27,000 | +47.4% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €77,000 | +€27,000 | +54.0% |
| Profit (loss) carried forward | 14 | €95,062 | €95,993 | +€931 | +1.0% |
| Amounts payable | 17/49 | €237,432 | €249,810 | +€12,378 | +5.2% |
| Amounts payable after more than one year | 17 | €50,965 | €66,182 | +€15,216 | +29.9% |
| Financial debts | 170/4 | €50,965 | €66,182 | +€15,216 | +29.9% |
| Amounts payable within one year | 42/48 | €186,467 | €182,508 | -€3,959 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,881 | €24,075 | +€8,194 | +51.6% |
| Trade debts | 44 | €137,060 | €123,462 | -€13,598 | -9.9% |
| Suppliers | 440/4 | €137,060 | €123,462 | -€13,598 | -9.9% |
| Taxes, remuneration and social security | 45 | €33,526 | €34,972 | +€1,445 | +4.3% |
| Taxes | 450/3 | €13,466 | €8,290 | -€5,176 | -38.4% |
| Remuneration and social security | 454/9 | €20,060 | €26,682 | +€6,622 | +33.0% |
| Accrued charges and deferred income | 492/3 | - | €1,120 | +€1,120 | |
| Remuneration, social security and pensions | 62 | €183,223 | €211,216 | +€27,993 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,629 | €41,543 | +€1,914 | +4.8% |
| Other operating charges | 640/8 | €2,201 | €2,721 | +€519 | +23.6% |
| Gross operating margin | 9900 | €253,362 | €289,408 | +€36,047 | +14.2% |
| Operating profit (loss) | 9901 | €28,309 | €33,928 | +€5,620 | +19.9% |
| Financial income | 75/76B | €93 | €8,845 | +€8,752 | +9,408% |
| Recurring financial income | 75 | €93 | €8,845 | +€8,752 | +9,408% |
| Financial charges | 65/66B | €3,640 | €2,902 | -€738 | -20.3% |
| Recurring financial charges | 65 | €3,640 | €2,902 | -€738 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €24,762 | €39,871 | +€15,109 | +61.0% |
| Income taxes | 67/77 | €8,785 | €11,940 | +€3,155 | +35.9% |
| Profit (loss) for the period | 9904 | €15,977 | €27,931 | +€11,954 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,977 | €27,931 | +€11,954 | +74.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.