ELETRA: 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.
ELETRA
Largest movements
- Tangible fixed assets -€11,811
down €11,811 (-42.7%), from €27,630 to €15,819
of which Furniture and vehicles: -€11,811
- Financial fixed assets -€6,058
down €6,058 (-100%), from €6,058 to €0
- Debts after one year -€15,197
down €15,197 (-100%), from €15,197 to €0
- Profit (loss) carried forward -€7,407
down €7,407 (-215%), from -€3,451 to -€10,858
- Trade debts +€2,764
up €2,764 (+5.2%), from €53,025 to €55,789
- Turnover -€379,151
no longer reported in 2025 (was €379,151)
- Purchases and services -€225,519
no longer reported in 2025 (was €225,519)
- Gross operating margin -€23,466
down €23,466 (-14.2%), from €165,422 to €141,957
- Staff costs -€11,713
down €11,713 (-10.0%), from €117,136 to €105,423
- Other operating charges -€5,432
down €5,432 (-14.9%), from €36,459 to €31,028
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 | €224,795 | €204,129 | -€20,667 | -9.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €33,688 | €15,819 | -€17,870 | -53.0% |
| Tangible fixed assets | 22/27 | €27,630 | €15,819 | -€11,811 | -42.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €27,630 | €15,819 | -€11,811 | -42.7% |
| Financial fixed assets | 28 | €6,058 | €0 | -€6,058 | -100% |
| Current assets | 29/58 | €191,107 | €188,310 | -€2,797 | -1.5% |
| Amounts receivable within one year | 40/41 | €186,872 | €184,650 | -€2,221 | -1.2% |
| Trade receivables | 40 | €181,564 | €179,343 | -€2,221 | -1.2% |
| Other amounts receivable | 41 | €5,307 | €5,307 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,235 | €3,660 | -€576 | -13.6% |
| Total equity and liabilities | 10/49 | €224,795 | €204,129 | -€20,667 | -9.2% |
| Equity | 10/15 | €147,810 | €140,403 | -€7,407 | -5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €131,261 | €131,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €129,261 | €129,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,451 | -€10,858 | -€7,407 | -215% |
| Amounts payable | 17/49 | €76,985 | €63,725 | -€13,260 | -17.2% |
| Amounts payable after more than one year | 17 | €15,197 | €0 | -€15,197 | -100% |
| Financial debts | 170/4 | €15,197 | €0 | -€15,197 | -100% |
| Amounts payable within one year | 42/48 | €61,788 | €63,725 | +€1,937 | +3.1% |
| Trade debts | 44 | €53,025 | €55,789 | +€2,764 | +5.2% |
| Suppliers | 440/4 | €53,025 | €55,789 | +€2,764 | +5.2% |
| Taxes, remuneration and social security | 45 | €8,763 | €7,936 | -€827 | -9.4% |
| Taxes | 450/3 | €6,672 | €5,535 | -€1,137 | -17.0% |
| Remuneration and social security | 454/9 | €2,091 | €2,402 | +€311 | +14.8% |
| Turnover | 70 | €379,151 | - | -€379,151 | |
| Goods, raw materials, services and sundry goods | 60/61 | €225,519 | - | -€225,519 | |
| Remuneration, social security and pensions | 62 | €117,136 | €105,423 | -€11,713 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,501 | €11,811 | -€1,690 | -12.5% |
| Other operating charges | 640/8 | €36,459 | €31,028 | -€5,432 | -14.9% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €165,422 | €141,957 | -€23,466 | -14.2% |
| Operating profit (loss) | 9901 | -€1,675 | -€6,306 | -€4,631 | -276% |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €1,204 | €1,008 | -€197 | -16.3% |
| Recurring financial charges | 65 | €1,204 | €1,008 | -€197 | -16.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€2,879 | -€7,178 | -€4,299 | -149% |
| Income taxes | 67/77 | €572 | €229 | -€343 | -60.0% |
| Profit (loss) for the period | 9904 | -€3,451 | -€7,407 | -€3,956 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,451 | -€7,407 | -€3,956 | -115% |
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 16 October 2026 via checked.be.