ELEKTRO T&D: 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 T&D
Largest movements
- Tangible fixed assets +€38,181
up €38,181 (+3,095%), from €1,234 to €39,414
of which Furniture and vehicles: +€38,623
- Receivables within one year -€3,216
down €3,216 (-9.9%), from €32,383 to €29,167
of which Other amounts receivable: -€1,957
- Debts after one year +€20,330
new in 2025: €20,330
- Current portion of long-term debt +€5,913
up €5,913, from €0 to €5,913
- Reserves +€5,530
up €5,530 (+21.6%), from €25,597 to €31,126
- Accrued charges and deferred income +€1,848
up €1,848 (+754%), from €245 to €2,094
- Tax, wage and social debts +€1,408
up €1,408 (+39.7%), from €3,545 to €4,954
of which Taxes: +€775
- Depreciation +€8,558
up €8,558 (+1,004%), from €852 to €9,411
- Gross operating margin +€4,592
up €4,592 (+17.6%), from €26,127 to €30,719
- Financial charges +€939
up €939 (+348%), from €269 to €1,208
- Financial income +€795
up €795 (+441,644%), from €0 to €795
- Other operating charges -€706
down €706 (-36.3%), from €1,948 to €1,241
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 | €52,678 | €88,336 | +€35,658 | +67.7% |
| Fixed assets | 21/28 | €1,234 | €39,414 | +€38,181 | +3,095% |
| Tangible fixed assets | 22/27 | €1,234 | €39,414 | +€38,181 | +3,095% |
| Land and buildings | 22 | €689 | €496 | -€193 | -28.0% |
| Plant, machinery and equipment | 23 | €249 | €0 | -€249 | -100% |
| Furniture and vehicles | 24 | €295 | €38,919 | +€38,623 | +13,077% |
| Current assets | 29/58 | €51,444 | €48,922 | -€2,523 | -4.9% |
| Amounts receivable within one year | 40/41 | €32,383 | €29,167 | -€3,216 | -9.9% |
| Trade receivables | 40 | €8,727 | €7,468 | -€1,259 | -14.4% |
| Other amounts receivable | 41 | €23,656 | €21,699 | -€1,957 | -8.3% |
| Cash at bank and in hand | 54/58 | €17,053 | €17,577 | +€524 | +3.1% |
| Deferred charges and accrued income | 490/1 | €2,008 | €2,177 | +€169 | +8.4% |
| Total equity and liabilities | 10/49 | €52,678 | €88,336 | +€35,658 | +67.7% |
| Equity | 10/15 | €37,997 | €43,526 | +€5,530 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,597 | €31,126 | +€5,530 | +21.6% |
| Distributable reserves | 133 | €25,597 | €31,126 | +€5,530 | +21.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,682 | €44,810 | +€30,128 | +205% |
| Amounts payable after more than one year | 17 | - | €20,330 | +€20,330 | |
| Financial debts | 170/4 | - | €20,330 | +€20,330 | |
| Amounts payable within one year | 42/48 | €14,436 | €22,386 | +€7,950 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,913 | +€5,913 | |
| Trade debts | 44 | €10,891 | €11,520 | +€629 | +5.8% |
| Suppliers | 440/4 | €10,891 | €11,520 | +€629 | +5.8% |
| Taxes, remuneration and social security | 45 | €3,545 | €4,954 | +€1,408 | +39.7% |
| Taxes | 450/3 | €2,102 | €2,877 | +€775 | +36.9% |
| Remuneration and social security | 454/9 | €1,444 | €2,076 | +€633 | +43.8% |
| Accrued charges and deferred income | 492/3 | €245 | €2,094 | +€1,848 | +754% |
| Non-recurring operating income | 76A | - | €16,290 | +€16,290 | |
| Remuneration, social security and pensions | 62 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €9,411 | +€8,558 | +1,004% |
| Other operating charges | 640/8 | €1,948 | €1,241 | -€706 | -36.3% |
| Gross operating margin | 9900 | €26,127 | €30,719 | +€4,592 | +17.6% |
| Operating profit (loss) | 9901 | €23,327 | €20,037 | -€3,289 | -14.1% |
| Financial income | 75/76B | €0 | €795 | +€795 | +441,644% |
| Recurring financial income | 75 | €0 | €795 | +€795 | +441,644% |
| Financial charges | 65/66B | €269 | €1,208 | +€939 | +348% |
| Recurring financial charges | 65 | €269 | €1,208 | +€939 | +348% |
| Profit (loss) for the period before taxes | 9903 | €23,057 | €19,624 | -€3,433 | -14.9% |
| Income taxes | 67/77 | €6,767 | €7,142 | +€376 | +5.6% |
| Profit (loss) for the period | 9904 | €16,291 | €12,482 | -€3,809 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,291 | €12,482 | -€3,809 | -23.4% |
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 28 October 2026 via checked.be.