ELETECH: 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.
ELETECH
Largest movements
- Receivables within one year +€52,585
up €52,585 (+48.2%), from €109,107 to €161,692
of which Trade receivables: +€39,578
- Receivables after one year -€34,000
down €34,000 (-72.3%), from €47,000 to €13,000
- Tangible fixed assets -€33,787
down €33,787 (-18.3%), from €184,961 to €151,173
of which Land and buildings: -€19,344
- Cash +€4,106
up €4,106 (+1481.3%), from €277 to €4,384
mainly Net result for the year (+€42,436) and Receivables after one year (+€34,000)
- Debts after one year -€39,955
down €39,955 (-71.5%), from €55,848 to €15,893
- Other debts +€32,988
new in 2025: €32,988
- Reserves +€14,007
up €14,007 (+10.4%), from €134,993 to €149,000
of which Non-distributable reserves: +€12,750
- Current portion of long-term debt -€9,881
down €9,881 (-18.7%), from €52,947 to €43,066
- Tax, wage and social debts +€7,537
up €7,537 (+210.2%), from €3,585 to €11,122
of which Taxes: +€7,491
- Gross operating margin +€63,266
up €63,266 (+109.6%), from €57,712 to €120,978
- Staff costs +€5,143
up €5,143 (+17.5%), from €29,470 to €34,613
- Taxes +€4,423
up €4,423 (+2401.5%), from €184 to €4,607
- Financial charges +€1,957
up €1,957 (+30.5%), from €6,416 to €8,373
- Write-downs -€1,642
down €1,642, from €821 to -€821
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 | €349,091 | €342,600 | -€6,491 | -1.9% |
| Fixed assets | 21/28 | €185,036 | €151,248 | -€33,787 | -18.3% |
| Tangible fixed assets | 22/27 | €184,961 | €151,173 | -€33,787 | -18.3% |
| Land and buildings | 22 | €164,101 | €144,756 | -€19,344 | -11.8% |
| Plant, machinery and equipment | 23 | €784 | €589 | -€196 | -24.9% |
| Furniture and vehicles | 24 | €20,076 | €5,828 | -€14,248 | -71.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €164,056 | €191,352 | +€27,296 | +16.6% |
| Amounts receivable after more than one year | 29 | €47,000 | €13,000 | -€34,000 | -72.3% |
| Other amounts receivable | 291 | €47,000 | €13,000 | -€34,000 | -72.3% |
| Stocks and contracts in progress | 3 | €5,718 | €8,507 | +€2,789 | +48.8% |
| Stocks | 30/36 | €5,718 | €8,507 | +€2,789 | +48.8% |
| Amounts receivable within one year | 40/41 | €109,107 | €161,692 | +€52,585 | +48.2% |
| Trade receivables | 40 | €40,136 | €79,714 | +€39,578 | +98.6% |
| Other amounts receivable | 41 | €68,971 | €81,978 | +€13,007 | +18.9% |
| Cash at bank and in hand | 54/58 | €277 | €4,384 | +€4,106 | +1481.3% |
| Deferred charges and accrued income | 490/1 | €1,953 | €3,769 | +€1,815 | +92.9% |
| Total equity and liabilities | 10/49 | €349,091 | €342,600 | -€6,491 | -1.9% |
| Equity | 10/15 | €147,393 | €162,329 | +€14,936 | +10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,993 | €149,000 | +€14,007 | +10.4% |
| Non-distributable reserves | 130/1 | €63,439 | €76,189 | +€12,750 | +20.1% |
| Other | 1319 | €63,439 | €76,189 | +€12,750 | +20.1% |
| Tax-exempt reserves | 132 | €85 | €85 | = | 0.0% |
| Distributable reserves | 133 | €71,470 | €72,727 | +€1,257 | +1.8% |
| Profit (loss) carried forward | 14 | - | €929 | +€929 | |
| Amounts payable | 17/49 | €201,698 | €180,271 | -€21,427 | -10.6% |
| Amounts payable after more than one year | 17 | €55,848 | €15,893 | -€39,955 | -71.5% |
| Financial debts | 170/4 | €55,848 | €15,893 | -€39,955 | -71.5% |
| Amounts payable within one year | 42/48 | €145,586 | €164,378 | +€18,791 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €52,947 | €43,066 | -€9,881 | -18.7% |
| Financial debts | 43 | €61,714 | €54,288 | -€7,426 | -12.0% |
| Credit institutions | 430/8 | €61,714 | €54,288 | -€7,426 | -12.0% |
| Trade debts | 44 | €27,341 | €22,914 | -€4,427 | -16.2% |
| Suppliers | 440/4 | €27,341 | €22,914 | -€4,427 | -16.2% |
| Taxes, remuneration and social security | 45 | €3,585 | €11,122 | +€7,537 | +210.2% |
| Taxes | 450/3 | €362 | €7,852 | +€7,491 | +2070.1% |
| Remuneration and social security | 454/9 | €3,223 | €3,269 | +€46 | +1.4% |
| Other amounts payable | 47/48 | - | €32,988 | +€32,988 | |
| Accrued charges and deferred income | 492/3 | €264 | - | -€264 | |
| Non-recurring operating income | 76A | - | €5,639 | +€5,639 | |
| Remuneration, social security and pensions | 62 | €29,470 | €34,613 | +€5,143 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,927 | €33,641 | -€285 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €821 | -€821 | -€1,642 | |
| Other operating charges | 640/8 | €1,002 | €2,009 | +€1,007 | +100.5% |
| Non-recurring operating charges | 66A | €250 | €123 | -€127 | -50.8% |
| Gross operating margin | 9900 | €57,712 | €120,978 | +€63,266 | +109.6% |
| Operating profit (loss) | 9901 | -€7,757 | €51,413 | +€59,170 | |
| Financial income | 75/76B | €4,746 | €4,003 | -€744 | -15.7% |
| Recurring financial income | 75 | €4,746 | €4,003 | -€744 | -15.7% |
| Financial charges | 65/66B | €6,416 | €8,373 | +€1,957 | +30.5% |
| Recurring financial charges | 65 | €6,416 | €8,373 | +€1,957 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,427 | €47,043 | +€56,469 | |
| Income taxes | 67/77 | €184 | €4,607 | +€4,423 | +2401.5% |
| Profit (loss) for the period | 9904 | -€9,611 | €42,436 | +€52,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,611 | €42,436 | +€52,047 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.