ELEKTROTHERM: 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.
ELEKTROTHERM
Largest movements
- Tangible fixed assets +€35,692
up €35,692 (+587%), from €6,085 to €41,777
of which Furniture and vehicles: +€35,362
- Cash +€4,531
up €4,531 (+35.4%), from €12,808 to €17,339
mainly Debts after one year (+€24,464) and Net result for the year (+€10,006)
- Receivables within one year +€4,078
up €4,078 (+227%), from €1,797 to €5,875
of which Other amounts receivable: +€4,044
- Deferred charges and accrued income +€1,982
up €1,982 (+1,353%), from €147 to €2,129
- Debts after one year +€24,464
new in 2025: €24,464
- Profit (loss) carried forward +€10,006
up €10,006 (+78.5%), from €12,742 to €22,748
- Current portion of long-term debt +€5,536
new in 2025: €5,536
- Tax, wage and social debts +€4,599
up €4,599 (+144%), from €3,195 to €7,794
of which Taxes: +€3,224
- Trade debts +€2,216
up €2,216 (+65.9%), from €3,362 to €5,578
- Gross operating margin +€3,541
up €3,541 (+18.3%), from €19,371 to €22,912
- Other operating charges +€2,706
up €2,706 (+1,421%), from €190 to €2,896
- Depreciation +€1,907
up €1,907 (+67.0%), from €2,844 to €4,751
- Financial charges +€1,696
up €1,696 (+425%), from €399 to €2,095
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 | €20,836 | €67,120 | +€46,284 | +222% |
| Fixed assets | 21/28 | €6,085 | €41,777 | +€35,692 | +587% |
| Tangible fixed assets | 22/27 | €6,085 | €41,777 | +€35,692 | +587% |
| Plant, machinery and equipment | 23 | €1,298 | €1,629 | +€331 | +25.5% |
| Furniture and vehicles | 24 | €4,786 | €40,148 | +€35,362 | +739% |
| Current assets | 29/58 | €14,752 | €25,343 | +€10,591 | +71.8% |
| Amounts receivable within one year | 40/41 | €1,797 | €5,875 | +€4,078 | +227% |
| Trade receivables | 40 | €116 | €150 | +€34 | +29.6% |
| Other amounts receivable | 41 | €1,681 | €5,725 | +€4,044 | +240% |
| Cash at bank and in hand | 54/58 | €12,808 | €17,339 | +€4,531 | +35.4% |
| Deferred charges and accrued income | 490/1 | €147 | €2,129 | +€1,982 | +1,353% |
| Total equity and liabilities | 10/49 | €20,836 | €67,120 | +€46,284 | +222% |
| Equity | 10/15 | €13,742 | €23,748 | +€10,006 | +72.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €12,742 | €22,748 | +€10,006 | +78.5% |
| Amounts payable | 17/49 | €7,094 | €43,372 | +€36,278 | +511% |
| Amounts payable after more than one year | 17 | - | €24,464 | +€24,464 | |
| Financial debts | 170/4 | - | €24,464 | +€24,464 | |
| Amounts payable within one year | 42/48 | €7,094 | €18,908 | +€11,814 | +167% |
| Current portion of amounts payable after more than one year | 42 | - | €5,536 | +€5,536 | |
| Trade debts | 44 | €3,362 | €5,578 | +€2,216 | +65.9% |
| Suppliers | 440/4 | €3,362 | €5,578 | +€2,216 | +65.9% |
| Taxes, remuneration and social security | 45 | €3,195 | €7,794 | +€4,599 | +144% |
| Taxes | 450/3 | €3,195 | €6,419 | +€3,224 | +101% |
| Remuneration and social security | 454/9 | - | €1,375 | +€1,375 | |
| Other amounts payable | 47/48 | €537 | - | -€537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,844 | €4,751 | +€1,907 | +67.0% |
| Other operating charges | 640/8 | €190 | €2,896 | +€2,706 | +1,421% |
| Gross operating margin | 9900 | €19,371 | €22,912 | +€3,541 | +18.3% |
| Operating profit (loss) | 9901 | €16,336 | €15,265 | -€1,071 | -6.6% |
| Financial income | 75/76B | €0 | €59 | +€59 | +294,900% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +294,900% |
| Financial charges | 65/66B | €399 | €2,095 | +€1,696 | +425% |
| Recurring financial charges | 65 | €399 | €2,095 | +€1,696 | +425% |
| Profit (loss) for the period before taxes | 9903 | €15,937 | €13,229 | -€2,708 | -17.0% |
| Income taxes | 67/77 | €3,195 | €3,223 | +€28 | +0.9% |
| Profit (loss) for the period | 9904 | €12,742 | €10,006 | -€2,736 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,742 | €10,006 | -€2,736 | -21.5% |
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 29 October 2026 via checked.be.