Elektron: 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.
What changed
Elektron
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,048
2024 · €274,323-€245,275
Equity
€5.6m
2024 · €5.6m+€29,048
Cash
€1.5m
2024 · €510,902+€946,428
Balance sheet total
€6.8m
2024 · €6.4m+€328,558
Largest movements
Assets
- Cash +€946,428
up €946,428 (+185%), from €510,902 to €1.5m
mainly Current investments (+€500,000) and Trade debts (+€332,901)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Stocks and contracts -€104,828
down €104,828 (-5.5%), from €1.9m to €1.8m
Equity and liabilities
- Trade debts +€332,901
up €332,901 (+222%), from €149,648 to €482,549
Income statement
- Turnover -€762,035
down €762,035 (-6.9%), from €11.0m to €10.2m
- Purchases and services -€581,174
down €581,174 (-5.5%), from €10.5m to €9.9m
- Gross operating margin -€272,863
down €272,863 (-20.4%), from €1.3m to €1.1m
- Taxes -€116,082
down €116,082 (-87.2%), from €133,180 to €17,098
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.
Result 2024
€274,323
Gross operating margin
-€272,863
Staff costs
-€83,147
Depreciation
-€62
Write-downs
+€40,657
Other operating charges
-€20,263
Other operating items
-€3,589
Financial income
-€23,961
Financial charges
+€1,872
Taxes
+€116,082
Result 2025
€29,048
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€577,058
Investment
+€436,159
Financing
-€66,789
Cash 2024
€510,902
From operations (derived)
+€577,058
Net result for the year
+€29,048
Depreciation
+€60,115
Stocks and contracts
+€104,828
Receivables within one year
+€6,485
Deferred charges and accrued income
+€10,283
Trade debts
+€332,901
Tax, wage and social debts
+€16,725
Other debts
+€19,577
Accrued charges and deferred income
-€2,904
Investment (derived)
+€436,159
Investment in fixed assets (net)
-€63,841
Current investments
+€500,000
Financing
-€66,789
Debts after one year
-€38,888
Current portion of long-term debt
-€27,779
Short-term financial debts
-€122
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,427,566 | €6,756,125 | +€328,558 | +5.1% |
| Fixed assets | 21/28 | €1,192,918 | €1,196,645 | +€3,726 | +0.3% |
| Intangible fixed assets | 21 | €28,775 | €21,217 | -€7,558 | -26.3% |
| Tangible fixed assets | 22/27 | €1,163,716 | €1,175,000 | +€11,284 | +1.0% |
| Land and buildings | 22 | €1,147,402 | €1,135,334 | -€12,068 | -1.1% |
| Plant, machinery and equipment | 23 | €1,895 | €1,045 | -€850 | -44.9% |
| Furniture and vehicles | 24 | €14,419 | €38,621 | +€24,202 | +168% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €5,234,648 | €5,559,480 | +€324,832 | +6.2% |
| Stocks and contracts in progress | 3 | €1,914,581 | €1,809,753 | -€104,828 | -5.5% |
| Stocks | 30/36 | €1,914,581 | €1,809,753 | -€104,828 | -5.5% |
| Amounts receivable within one year | 40/41 | €2,280,596 | €2,274,111 | -€6,485 | -0.3% |
| Trade receivables | 40 | €2,023,215 | €1,953,021 | -€70,194 | -3.5% |
| Other amounts receivable | 41 | €257,382 | €321,090 | +€63,709 | +24.8% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €510,902 | €1,457,330 | +€946,428 | +185% |
| Deferred charges and accrued income | 490/1 | €28,569 | €18,286 | -€10,283 | -36.0% |
| Total equity and liabilities | 10/49 | €6,427,566 | €6,756,125 | +€328,558 | +5.1% |
| Equity | 10/15 | €5,582,570 | €5,611,618 | +€29,048 | +0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,563,978 | €5,593,026 | +€29,048 | +0.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €5,562,119 | €5,591,167 | +€29,048 | +0.5% |
| Amounts payable | 17/49 | €844,996 | €1,144,507 | +€299,510 | +35.4% |
| Amounts payable after more than one year | 17 | €38,888 | - | -€38,888 | |
| Financial debts | 170/4 | €38,888 | - | -€38,888 | |
| Amounts payable within one year | 42/48 | €803,069 | €1,144,372 | +€341,302 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €66,667 | €38,888 | -€27,779 | -41.7% |
| Financial debts | 43 | €1,652 | €1,530 | -€122 | -7.4% |
| Credit institutions | 430/8 | €1,652 | €1,530 | -€122 | -7.4% |
| Trade debts | 44 | €149,648 | €482,549 | +€332,901 | +222% |
| Suppliers | 440/4 | €149,648 | €482,549 | +€332,901 | +222% |
| Taxes, remuneration and social security | 45 | €333,798 | €350,523 | +€16,725 | +5.0% |
| Taxes | 450/3 | €155,058 | €187,762 | +€32,704 | +21.1% |
| Remuneration and social security | 454/9 | €178,740 | €162,761 | -€15,979 | -8.9% |
| Other amounts payable | 47/48 | €251,305 | €270,882 | +€19,577 | +7.8% |
| Accrued charges and deferred income | 492/3 | €3,039 | €135 | -€2,904 | -95.6% |
| Turnover | 70 | €10,997,788 | €10,235,753 | -€762,035 | -6.9% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,517,188 | €9,936,014 | -€581,174 | -5.5% |
| Remuneration, social security and pensions | 62 | €905,838 | €988,985 | +€83,147 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,052 | €60,115 | +€62 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,592 | -€22,066 | -€40,657 | |
| Other operating charges | 640/8 | €45,899 | €66,162 | +€20,263 | +44.1% |
| Non-recurring operating charges | 66A | - | €3,589 | +€3,589 | |
| Gross operating margin | 9900 | €1,336,859 | €1,063,996 | -€272,863 | -20.4% |
| Operating profit (loss) | 9901 | €306,478 | -€32,790 | -€339,267 | |
| Financial income | 75/76B | €165,029 | €141,068 | -€23,961 | -14.5% |
| Recurring financial income | 75 | €165,029 | €141,068 | -€23,961 | -14.5% |
| Financial charges | 65/66B | €64,004 | €62,132 | -€1,872 | -2.9% |
| Recurring financial charges | 65 | €64,004 | €62,132 | -€1,872 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €407,503 | €46,146 | -€361,356 | -88.7% |
| Income taxes | 67/77 | €133,180 | €17,098 | -€116,082 | -87.2% |
| Profit (loss) for the period | 9904 | €274,323 | €29,048 | -€245,275 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €274,323 | €29,048 | -€245,275 | -89.4% |
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 14 October 2026 via checked.be.