ELETEX GROUP: 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.
ELETEX GROUP
Largest movements
- Stocks and contracts -€22,240
down €22,240 (-20.3%), from €109,434 to €87,194
of which Contracts in progress: -€18,195
- Tangible fixed assets -€9,035
down €9,035 (-23.9%), from €37,734 to €28,699
of which Plant, machinery and equipment: -€7,131
- Receivables within one year -€7,843
down €7,843 (-12.7%), from €61,571 to €53,728
of which Trade receivables: -€6,693
- Other debts -€32,656
down €32,656 (-23.8%), from €137,319 to €104,663
- Reserves -€9,856
down €9,856 (-34.9%), from €28,245 to €18,389
- Trade debts +€4,943
up €4,943 (+39.7%), from €12,437 to €17,380
- Financial charges -€13,064
down €13,064 (-98.0%), from €13,336 to €272
of which Financial charges: -€11,867
- Staff costs +€9,502
up €9,502 (+1,498%), from €634 to €10,136
- Gross operating margin +€9,258
up €9,258 (+171%), from €5,427 to €14,686
- Depreciation -€3,947
down €3,947 (-27.3%), from €14,452 to €10,505
- Taxes -€3,013
down €3,013 (-92.1%), from €3,271 to €259
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 | €436,790 | €398,616 | -€38,174 | -8.7% |
| Fixed assets | 21/28 | €259,697 | €250,662 | -€9,035 | -3.5% |
| Tangible fixed assets | 22/27 | €37,734 | €28,699 | -€9,035 | -23.9% |
| Plant, machinery and equipment | 23 | €27,429 | €20,297 | -€7,131 | -26.0% |
| Furniture and vehicles | 24 | €10,306 | €8,402 | -€1,904 | -18.5% |
| Financial fixed assets | 28 | €221,963 | €221,963 | = | 0.0% |
| Current assets | 29/58 | €177,093 | €147,954 | -€29,139 | -16.5% |
| Stocks and contracts in progress | 3 | €109,434 | €87,194 | -€22,240 | -20.3% |
| Stocks | 30/36 | €54,434 | €50,389 | -€4,045 | -7.4% |
| Contracts in progress | 37 | €55,000 | €36,805 | -€18,195 | -33.1% |
| Amounts receivable within one year | 40/41 | €61,571 | €53,728 | -€7,843 | -12.7% |
| Trade receivables | 40 | €26,658 | €19,965 | -€6,693 | -25.1% |
| Other amounts receivable | 41 | €34,913 | €33,763 | -€1,150 | -3.3% |
| Cash at bank and in hand | 54/58 | €1,812 | €2,646 | +€834 | +46.0% |
| Deferred charges and accrued income | 490/1 | €4,275 | €4,386 | +€110 | +2.6% |
| Total equity and liabilities | 10/49 | €436,790 | €398,616 | -€38,174 | -8.7% |
| Equity | 10/15 | €280,813 | €270,957 | -€9,856 | -3.5% |
| Contributions | 10/11 | €252,568 | €252,568 | = | 0.0% |
| Reserves | 13 | €28,245 | €18,389 | -€9,856 | -34.9% |
| Distributable reserves | 133 | €28,245 | €18,389 | -€9,856 | -34.9% |
| Amounts payable | 17/49 | €155,977 | €127,659 | -€28,318 | -18.2% |
| Amounts payable within one year | 42/48 | €155,977 | €127,659 | -€28,318 | -18.2% |
| Trade debts | 44 | €12,437 | €17,380 | +€4,943 | +39.7% |
| Suppliers | 440/4 | €12,437 | €17,380 | +€4,943 | +39.7% |
| Taxes, remuneration and social security | 45 | €6,221 | €5,616 | -€605 | -9.7% |
| Taxes | 450/3 | €6,221 | €3,649 | -€2,572 | -41.3% |
| Remuneration and social security | 454/9 | - | €1,967 | +€1,967 | |
| Other amounts payable | 47/48 | €137,319 | €104,663 | -€32,656 | -23.8% |
| Non-recurring operating income | 76A | €3,235 | - | -€3,235 | |
| Remuneration, social security and pensions | 62 | €634 | €10,136 | +€9,502 | +1,498% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,452 | €10,505 | -€3,947 | -27.3% |
| Other operating charges | 640/8 | €653 | €3,370 | +€2,717 | +416% |
| Gross operating margin | 9900 | €5,427 | €14,686 | +€9,258 | +171% |
| Operating profit (loss) | 9901 | -€10,311 | -€9,326 | +€986 | +9.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,336 | €272 | -€13,064 | -98.0% |
| Recurring financial charges | 65 | €12,139 | €272 | -€11,867 | -97.8% |
| Non-recurring financial charges | 66B | €1,197 | - | -€1,197 | |
| Profit (loss) for the period before taxes | 9903 | -€23,647 | -€9,597 | +€14,050 | +59.4% |
| Income taxes | 67/77 | €3,271 | €259 | -€3,013 | -92.1% |
| Profit (loss) for the period | 9904 | -€26,918 | -€9,856 | +€17,063 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,918 | -€9,856 | +€17,063 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.