ELETEC: what changed
Two fiscal 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.
ELETEC
Largest movements
- Receivables within one year +€152,102
up €152,102 (+125.6%), from €121,089 to €273,191
of which Trade receivables: +€102,119
- Current investments +€82,167
up €82,167 (+37.2%), from €220,839 to €303,006
- Cash -€37,906
down €37,906 (-88.9%), from €42,624 to €4,718
mainly Receivables within one year (-€152,102) and Current investments (-€82,167)
- Reserves +€162,436
up €162,436 (+49.8%), from €326,236 to €488,672
- Tax, wage and social debts +€35,475
up €35,475 (+60.5%), from €58,602 to €94,077
of which Taxes: +€36,287
- Gross operating margin +€43,102
up €43,102 (+25.3%), from €170,502 to €213,604
- Taxes +€9,005
up €9,005 (+23.2%), from €38,852 to €47,856
- Depreciation +€4,667
up €4,667 (+372.8%), from €1,252 to €5,919
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 | €393,284 | €591,313 | +€198,029 | +50.4% |
| Fixed assets | 21/28 | €5,452 | €8,105 | +€2,653 | +48.7% |
| Tangible fixed assets | 22/27 | €5,452 | €8,105 | +€2,653 | +48.7% |
| Plant, machinery and equipment | 23 | €755 | €1,579 | +€824 | +109.1% |
| Furniture and vehicles | 24 | €4,697 | €6,526 | +€1,828 | +38.9% |
| Current assets | 29/58 | €387,832 | €583,208 | +€195,377 | +50.4% |
| Amounts receivable within one year | 40/41 | €121,089 | €273,191 | +€152,102 | +125.6% |
| Trade receivables | 40 | €119,995 | €222,114 | +€102,119 | +85.1% |
| Other amounts receivable | 41 | €1,095 | €51,077 | +€49,982 | +4566.7% |
| Current investments | 50/53 | €220,839 | €303,006 | +€82,167 | +37.2% |
| Cash at bank and in hand | 54/58 | €42,624 | €4,718 | -€37,906 | -88.9% |
| Deferred charges and accrued income | 490/1 | €3,280 | €2,294 | -€986 | -30.1% |
| Total equity and liabilities | 10/49 | €393,284 | €591,313 | +€198,029 | +50.4% |
| Equity | 10/15 | €329,236 | €491,672 | +€162,436 | +49.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €326,236 | €488,672 | +€162,436 | +49.8% |
| Distributable reserves | 133 | €326,236 | €488,672 | +€162,436 | +49.8% |
| Amounts payable | 17/49 | €64,048 | €99,641 | +€35,593 | +55.6% |
| Amounts payable within one year | 42/48 | €64,048 | €99,641 | +€35,593 | +55.6% |
| Trade debts | 44 | €1,037 | €1,340 | +€304 | +29.3% |
| Suppliers | 440/4 | €1,037 | €1,340 | +€304 | +29.3% |
| Taxes, remuneration and social security | 45 | €58,602 | €94,077 | +€35,475 | +60.5% |
| Taxes | 450/3 | €57,791 | €94,077 | +€36,287 | +62.8% |
| Remuneration and social security | 454/9 | €811 | - | -€811 | |
| Other amounts payable | 47/48 | €4,409 | €4,223 | -€186 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,252 | €5,919 | +€4,667 | +372.8% |
| Other operating charges | 640/8 | €322 | €624 | +€302 | +93.9% |
| Gross operating margin | 9900 | €170,502 | €213,604 | +€43,102 | +25.3% |
| Operating profit (loss) | 9901 | €168,928 | €207,061 | +€38,133 | +22.6% |
| Financial income | 75/76B | €3,550 | €3,681 | +€131 | +3.7% |
| Recurring financial income | 75 | €3,550 | €3,681 | +€131 | +3.7% |
| Financial charges | 65/66B | €739 | €450 | -€289 | -39.1% |
| Recurring financial charges | 65 | €739 | €450 | -€289 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €171,740 | €210,292 | +€38,553 | +22.4% |
| Income taxes | 67/77 | €38,852 | €47,856 | +€9,005 | +23.2% |
| Profit (loss) for the period | 9904 | €132,888 | €162,436 | +€29,548 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,888 | €162,436 | +€29,548 | +22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.