ELEKTRO TEURFS: 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 TEURFS
Largest movements
- Receivables within one year -€67,516
down €67,516 (-40.9%), from €165,148 to €97,632
of which Trade receivables: -€49,630
- Cash +€52,829
up €52,829 (+8,570%), from €616 to €53,445
mainly Receivables within one year (+€67,516) and Stocks and contracts (+€15,270)
- Stocks and contracts -€15,270
down €15,270 (-32.2%), from €47,448 to €32,178
- Tangible fixed assets -€8,334
down €8,334 (-17.2%), from €48,565 to €40,231
- Deferred charges and accrued income -€3,798
down €3,798 (-43.1%), from €8,808 to €5,010
- Reserves -€13,258
down €13,258 (-6.0%), from €221,636 to €208,378
of which Distributable reserves: -€13,258
- Tax, wage and social debts -€10,533
down €10,533 (-82.4%), from €12,787 to €2,254
of which Remuneration and social security: -€11,601
- Profit (loss) carried forward -€9,169
down €9,169 (-90.0%), from €10,192 to €1,023
- Debts after one year -€8,627
down €8,627 (-88.7%), from €9,730 to €1,103
- Trade debts -€4,860
down €4,860 (-48.4%), from €10,041 to €5,181
- Gross operating margin -€73,873
down €73,873 (-62.5%), from €118,255 to €44,383
- Staff costs -€11,113
down €11,113 (-27.1%), from €41,060 to €29,946
- Taxes +€7,493
up €7,493 (+99.8%), from €7,507 to €15,000
- Depreciation -€1,518
down €1,518 (-15.4%), from €9,852 to €8,334
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 | €270,585 | €228,496 | -€42,088 | -15.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €48,565 | €40,231 | -€8,334 | -17.2% |
| Tangible fixed assets | 22/27 | €48,565 | €40,231 | -€8,334 | -17.2% |
| Land and buildings | 22 | €40,826 | €36,977 | -€3,849 | -9.4% |
| Plant, machinery and equipment | 23 | €1,331 | €502 | -€829 | -62.3% |
| Furniture and vehicles | 24 | €6,408 | €2,752 | -€3,656 | -57.1% |
| Current assets | 29/58 | €222,020 | €188,265 | -€33,755 | -15.2% |
| Stocks and contracts in progress | 3 | €47,448 | €32,178 | -€15,270 | -32.2% |
| Stocks | 30/36 | €47,448 | €32,178 | -€15,270 | -32.2% |
| Amounts receivable within one year | 40/41 | €165,148 | €97,632 | -€67,516 | -40.9% |
| Trade receivables | 40 | €86,381 | €36,752 | -€49,630 | -57.5% |
| Other amounts receivable | 41 | €78,767 | €60,881 | -€17,886 | -22.7% |
| Cash at bank and in hand | 54/58 | €616 | €53,445 | +€52,829 | +8,570% |
| Deferred charges and accrued income | 490/1 | €8,808 | €5,010 | -€3,798 | -43.1% |
| Total equity and liabilities | 10/49 | €270,585 | €228,496 | -€42,088 | -15.6% |
| Equity | 10/15 | €238,027 | €215,601 | -€22,426 | -9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €221,636 | €208,378 | -€13,258 | -6.0% |
| 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 | €219,776 | €206,518 | -€13,258 | -6.0% |
| Profit (loss) carried forward | 14 | €10,192 | €1,023 | -€9,169 | -90.0% |
| Amounts payable | 17/49 | €32,558 | €12,896 | -€19,662 | -60.4% |
| Amounts payable after more than one year | 17 | €9,730 | €1,103 | -€8,627 | -88.7% |
| Financial debts | 170/4 | €9,730 | €1,103 | -€8,627 | -88.7% |
| Amounts payable within one year | 42/48 | €22,827 | €11,792 | -€11,035 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,358 | +€4,358 | |
| Trade debts | 44 | €10,041 | €5,181 | -€4,860 | -48.4% |
| Suppliers | 440/4 | €10,041 | €5,181 | -€4,860 | -48.4% |
| Taxes, remuneration and social security | 45 | €12,787 | €2,254 | -€10,533 | -82.4% |
| Taxes | 450/3 | €1,185 | €2,254 | +€1,068 | +90.1% |
| Remuneration and social security | 454/9 | €11,601 | - | -€11,601 | |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €41,060 | €29,946 | -€11,113 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,852 | €8,334 | -€1,518 | -15.4% |
| Other operating charges | 640/8 | €2,661 | €1,885 | -€776 | -29.2% |
| Gross operating margin | 9900 | €118,255 | €44,383 | -€73,873 | -62.5% |
| Operating profit (loss) | 9901 | €64,683 | €4,218 | -€60,465 | -93.5% |
| Financial income | 75/76B | €2,100 | €1,845 | -€256 | -12.2% |
| Recurring financial income | 75 | €2,100 | €1,845 | -€256 | -12.2% |
| Financial charges | 65/66B | €962 | €231 | -€731 | -76.0% |
| Recurring financial charges | 65 | €962 | €231 | -€731 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €65,821 | €5,831 | -€59,990 | -91.1% |
| Income taxes | 67/77 | €7,507 | €15,000 | +€7,493 | +99.8% |
| Profit (loss) for the period | 9904 | €58,314 | -€9,169 | -€67,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,314 | -€9,169 | -€67,482 |
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 23 October 2026 via checked.be.