ELEPOWER: 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.
ELEPOWER
Largest movements
- Receivables within one year +€118,193
up €118,193 (+231.5%), from €51,057 to €169,251
of which Trade receivables: +€121,400
- Cash +€66,028
up €66,028 (+317.6%), from €20,791 to €86,819
mainly Other debts (+€222,637) and Net result for the year (+€60,495)
- Stocks and contracts +€53,060
up €53,060 (+15.0%), from €354,773 to €407,832
of which Contracts in progress: +€65,597
- Tangible fixed assets -€19,311
down €19,311 (-20.6%), from €93,618 to €74,307
of which Other tangible fixed assets: -€19,561
- Other debts +€222,637
up €222,637 (+874.2%), from €25,467 to €248,104
- Trade debts -€98,302
down €98,302 (-46.0%), from €213,923 to €115,622
- Profit (loss) carried forward +€60,495
up €60,495 (+18.0%), from -€335,713 to -€275,218
- Advances received +€14,703
new in 2025: €14,703
- Tax, wage and social debts +€14,495
up €14,495 (+42.1%), from €34,428 to €48,923
of which Remuneration and social security: +€14,655
- Turnover +€362,772
up €362,772 (+25.9%), from €1.4m to €1.8m
- Goods and materials +€204,251
up €204,251 (+26.3%), from €777,680 to €981,930
of which Change in stocks: decrease (increase): +€337,301
- Services and other goods -€103,379
down €103,379 (-17.6%), from €587,163 to €483,784
- Staff costs -€78,679
down €78,679 (-23.6%), from €334,087 to €255,409
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.
Cash bridge derived
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 | €538,106 | €752,134 | +€214,028 | +39.8% |
| Fixed assets | 21/28 | €105,692 | €84,392 | -€21,301 | -20.2% |
| Intangible fixed assets | 21 | €5,897 | €3,604 | -€2,294 | -38.9% |
| Tangible fixed assets | 22/27 | €93,618 | €74,307 | -€19,311 | -20.6% |
| Plant, machinery and equipment | 23 | €6,576 | €4,597 | -€1,979 | -30.1% |
| Furniture and vehicles | 24 | €14,897 | €17,126 | +€2,229 | +15.0% |
| Other tangible fixed assets | 26 | €72,146 | €52,584 | -€19,561 | -27.1% |
| Financial fixed assets | 28 | €6,177 | €6,481 | +€304 | +4.9% |
| Other financial fixed assets | 284/8 | €6,177 | €6,481 | +€304 | +4.9% |
| Amounts receivable and cash guarantees | 285/8 | €6,177 | €6,481 | +€304 | +4.9% |
| Current assets | 29/58 | €432,414 | €667,743 | +€235,328 | +54.4% |
| Stocks and contracts in progress | 3 | €354,773 | €407,832 | +€53,060 | +15.0% |
| Stocks | 30/36 | €337,896 | €325,359 | -€12,537 | -3.7% |
| Raw materials and consumables | 30/31 | €330,535 | €323,768 | -€6,766 | -2.0% |
| Advance payments | 36 | €7,361 | €1,590 | -€5,771 | -78.4% |
| Contracts in progress | 37 | €16,877 | €82,474 | +€65,597 | +388.7% |
| Amounts receivable within one year | 40/41 | €51,057 | €169,251 | +€118,193 | +231.5% |
| Trade receivables | 40 | €47,851 | €169,251 | +€121,400 | +253.7% |
| Other amounts receivable | 41 | €3,207 | - | -€3,207 | |
| Cash at bank and in hand | 54/58 | €20,791 | €86,819 | +€66,028 | +317.6% |
| Deferred charges and accrued income | 490/1 | €5,793 | €3,840 | -€1,952 | -33.7% |
| Total equity and liabilities | 10/49 | €538,106 | €752,134 | +€214,028 | +39.8% |
| Equity | 10/15 | €264,287 | €324,782 | +€60,495 | +22.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,713 | -€275,218 | +€60,495 | +18.0% |
| Amounts payable | 17/49 | €273,819 | €427,352 | +€153,533 | +56.1% |
| Amounts payable within one year | 42/48 | €273,819 | €427,352 | +€153,533 | +56.1% |
| Trade debts | 44 | €213,923 | €115,622 | -€98,302 | -46.0% |
| Suppliers | 440/4 | €213,923 | €115,622 | -€98,302 | -46.0% |
| Advances received on contracts in progress | 46 | - | €14,703 | +€14,703 | |
| Taxes, remuneration and social security | 45 | €34,428 | €48,923 | +€14,495 | +42.1% |
| Taxes | 450/3 | €6,080 | €5,920 | -€160 | -2.6% |
| Remuneration and social security | 454/9 | €28,348 | €43,003 | +€14,655 | +51.7% |
| Other amounts payable | 47/48 | €25,467 | €248,104 | +€222,637 | +874.2% |
| Operating income | 70/76A | €1,454,481 | €1,837,035 | +€382,555 | +26.3% |
| Turnover | 70 | €1,402,874 | €1,765,647 | +€362,772 | +25.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €16,877 | €65,597 | +€48,720 | +288.7% |
| Own construction capitalised | 72 | €23,188 | - | -€23,188 | |
| Other operating income | 74 | €11,541 | €5,792 | -€5,750 | -49.8% |
| Operating charges | 60/66A | €1,753,926 | €1,759,460 | +€5,533 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €777,680 | €981,930 | +€204,251 | +26.3% |
| Purchases | 600/8 | €1,108,214 | €975,164 | -€133,050 | -12.0% |
| Change in stocks: decrease (increase) | 609 | -€330,535 | €6,766 | +€337,301 | |
| Services and other goods | 61 | €587,163 | €483,784 | -€103,379 | -17.6% |
| Remuneration, social security and pensions | 62 | €334,087 | €255,409 | -€78,679 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,799 | €29,335 | -€7,463 | -20.3% |
| Other operating charges | 640/8 | €18,198 | €9,001 | -€9,197 | -50.5% |
| Operating profit (loss) | 9901 | -€299,446 | €77,576 | +€377,021 | |
| Financial income | 75/76B | €10 | €1,479 | +€1,468 | +14131.9% |
| Recurring financial income | 75 | €10 | €1,479 | +€1,468 | +14131.9% |
| Other financial income | 752/9 | €10 | €1,479 | +€1,468 | +14131.9% |
| Financial charges | 65/66B | €35,177 | €17,736 | -€17,442 | -49.6% |
| Recurring financial charges | 65 | €35,177 | €17,736 | -€17,442 | -49.6% |
| Debt charges | 650 | €30,844 | €9,616 | -€21,228 | -68.8% |
| Other financial charges | 652/9 | €4,334 | €8,120 | +€3,786 | +87.4% |
| Profit (loss) for the period before taxes | 9903 | -€334,613 | €61,319 | +€395,931 | |
| Income taxes | 67/77 | €1,100 | €824 | -€276 | -25.1% |
| Taxes | 670/3 | €1,100 | €824 | -€276 | -25.1% |
| Profit (loss) for the period | 9904 | -€335,713 | €60,495 | +€396,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€335,713 | €60,495 | +€396,208 |
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 10 October 2026 via checked.be.