Elektrowork: 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.
Elektrowork
Largest movements
- Cash +€36,249
up €36,249 (+26.3%), from €137,864 to €174,113
mainly Other debts (+€58,870) and Net result for the year (+€49,800)
- Receivables after one year -€10,010
down €10,010 (-18.2%), from €55,010 to €45,000
- Receivables within one year +€2,526
up €2,526, from €0 to €2,526
- Other debts +€58,870
up €58,870 (+2,335%), from €2,521 to €61,391
- Reserves -€26,668
down €26,668 (-17.5%), from €152,784 to €126,116
- Tax, wage and social debts -€2,883
down €2,883 (-11.7%), from €24,644 to €21,761
of which Taxes: -€2,883
- Gross operating margin +€2,905
up €2,905 (+4.3%), from €67,887 to €70,792
- Depreciation -€2,014
down €2,014 (-67.4%), from €2,986 to €972
- Taxes +€1,455
up €1,455 (+8.1%), from €17,966 to €19,421
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 | €195,728 | €223,062 | +€27,334 | +14.0% |
| Fixed assets | 21/28 | €2,152 | €1,180 | -€972 | -45.2% |
| Tangible fixed assets | 22/27 | €2,152 | €1,180 | -€972 | -45.2% |
| Plant, machinery and equipment | 23 | €1,181 | €748 | -€433 | -36.7% |
| Furniture and vehicles | 24 | €971 | €431 | -€539 | -55.6% |
| Current assets | 29/58 | €193,576 | €221,882 | +€28,306 | +14.6% |
| Amounts receivable after more than one year | 29 | €55,010 | €45,000 | -€10,010 | -18.2% |
| Other amounts receivable | 291 | €55,010 | €45,000 | -€10,010 | -18.2% |
| Amounts receivable within one year | 40/41 | €0 | €2,526 | +€2,526 | |
| Other amounts receivable | 41 | €0 | €2,526 | +€2,526 | |
| Cash at bank and in hand | 54/58 | €137,864 | €174,113 | +€36,249 | +26.3% |
| Deferred charges and accrued income | 490/1 | €702 | €243 | -€459 | -65.3% |
| Total equity and liabilities | 10/49 | €195,728 | €223,062 | +€27,334 | +14.0% |
| Equity | 10/15 | €162,258 | €135,589 | -€26,668 | -16.4% |
| Contributions | 10/11 | €9,473 | €9,473 | = | 0.0% |
| Reserves | 13 | €152,784 | €126,116 | -€26,668 | -17.5% |
| Distributable reserves | 133 | €152,784 | €126,116 | -€26,668 | -17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,470 | €87,472 | +€54,002 | +161% |
| Amounts payable within one year | 42/48 | €33,470 | €87,472 | +€54,002 | +161% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,305 | €4,320 | -€1,985 | -31.5% |
| Suppliers | 440/4 | €6,305 | €4,320 | -€1,985 | -31.5% |
| Taxes, remuneration and social security | 45 | €24,644 | €21,761 | -€2,883 | -11.7% |
| Taxes | 450/3 | €24,644 | €21,761 | -€2,883 | -11.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,521 | €61,391 | +€58,870 | +2,335% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,986 | €972 | -€2,014 | -67.4% |
| Other operating charges | 640/8 | €574 | €607 | +€33 | +5.8% |
| Gross operating margin | 9900 | €67,887 | €70,792 | +€2,905 | +4.3% |
| Operating profit (loss) | 9901 | €64,327 | €69,213 | +€4,886 | +7.6% |
| Financial income | 75/76B | €4 | €262 | +€259 | +7,026% |
| Recurring financial income | 75 | €4 | €262 | +€259 | +7,026% |
| Financial charges | 65/66B | €285 | €255 | -€31 | -10.8% |
| Recurring financial charges | 65 | €285 | €255 | -€31 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €64,045 | €69,221 | +€5,176 | +8.1% |
| Income taxes | 67/77 | €17,966 | €19,421 | +€1,455 | +8.1% |
| Profit (loss) for the period | 9904 | €46,079 | €49,800 | +€3,721 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,079 | €49,800 | +€3,721 | +8.1% |
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 17 October 2026 via checked.be.