ELETTRA: 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.
ELETTRA
Largest movements
- Cash +€199,544
up €199,544 (+174.8%), from €114,154 to €313,697
mainly Trade debts (+€139,150) and Stocks and contracts (+€101,482)
- Stocks and contracts -€101,482
no longer reported in 2025 (was €101,482)
- Receivables within one year +€68,210
up €68,210 (+153.5%), from €44,449 to €112,659
of which Trade receivables: +€65,892
- Trade debts +€139,150
up €139,150 (+80.5%), from €172,960 to €312,110
- Profit (loss) carried forward +€88,348
up €88,348 (+93.0%), from -€94,995 to -€6,647
- Debts after one year -€53,310
down €53,310 (-11.4%), from €468,233 to €414,923
of which Financial debts: -€27,733
- Staff costs -€34,215
down €34,215 (-99.1%), from €34,540 to €325
- Gross operating margin +€17,568
up €17,568 (+13.3%), from €131,650 to €149,218
- Taxes +€15,663
up €15,663 (+35736.2%), from €44 to €15,707
- Financial charges +€10,368
up €10,368 (+76.9%), from €13,489 to €23,857
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 | €746,650 | €906,594 | +€159,945 | +21.4% |
| Fixed assets | 21/28 | €478,545 | €474,002 | -€4,544 | -0.9% |
| Tangible fixed assets | 22/27 | €478,545 | €474,002 | -€4,544 | -0.9% |
| Land and buildings | 22 | €453,375 | €449,353 | -€4,021 | -0.9% |
| Plant, machinery and equipment | 23 | €22,307 | €19,917 | -€2,390 | -10.7% |
| Furniture and vehicles | 24 | €2,864 | €4,732 | +€1,868 | +65.2% |
| Current assets | 29/58 | €268,104 | €432,593 | +€164,488 | +61.4% |
| Amounts receivable after more than one year | 29 | €7,400 | €5,000 | -€2,400 | -32.4% |
| Other amounts receivable | 291 | €7,400 | €5,000 | -€2,400 | -32.4% |
| Stocks and contracts in progress | 3 | €101,482 | - | -€101,482 | |
| Stocks | 30/36 | €101,482 | - | -€101,482 | |
| Amounts receivable within one year | 40/41 | €44,449 | €112,659 | +€68,210 | +153.5% |
| Trade receivables | 40 | €44,408 | €110,300 | +€65,892 | +148.4% |
| Other amounts receivable | 41 | €41 | €2,359 | +€2,318 | +5633.3% |
| Cash at bank and in hand | 54/58 | €114,154 | €313,697 | +€199,544 | +174.8% |
| Deferred charges and accrued income | 490/1 | €619 | €1,236 | +€617 | +99.6% |
| Total equity and liabilities | 10/49 | €746,650 | €906,594 | +€159,945 | +21.4% |
| Equity | 10/15 | €25,311 | €110,053 | +€84,742 | +334.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €100,306 | €96,701 | -€3,605 | -3.6% |
| Tax-exempt reserves | 132 | €56,624 | €53,018 | -€3,605 | -6.4% |
| Distributable reserves | 133 | €43,682 | €43,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,995 | -€6,647 | +€88,348 | +93.0% |
| Provisions and deferred taxes | 16 | €24,267 | €22,722 | -€1,545 | -6.4% |
| Deferred taxes | 168 | €24,267 | €22,722 | -€1,545 | -6.4% |
| Amounts payable | 17/49 | €697,071 | €773,819 | +€76,747 | +11.0% |
| Amounts payable after more than one year | 17 | €468,233 | €414,923 | -€53,310 | -11.4% |
| Financial debts | 170/4 | €434,489 | €406,756 | -€27,733 | -6.4% |
| Other amounts payable | 178/9 | €33,744 | €8,168 | -€25,576 | -75.8% |
| Amounts payable within one year | 42/48 | €227,198 | €358,896 | +€131,698 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €30,552 | €27,733 | -€2,818 | -9.2% |
| Financial debts | 43 | €5,328 | - | -€5,328 | |
| Credit institutions | 430/8 | €5,328 | - | -€5,328 | |
| Trade debts | 44 | €172,960 | €312,110 | +€139,150 | +80.5% |
| Suppliers | 440/4 | €172,960 | €312,110 | +€139,150 | +80.5% |
| Taxes, remuneration and social security | 45 | €18,358 | €19,052 | +€694 | +3.8% |
| Taxes | 450/3 | €17,408 | €17,552 | +€144 | +0.8% |
| Remuneration and social security | 454/9 | €950 | €1,500 | +€550 | +57.9% |
| Accrued charges and deferred income | 492/3 | €1,641 | - | -€1,641 | |
| Remuneration, social security and pensions | 62 | €34,540 | €325 | -€34,215 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,679 | €24,698 | +€1,020 | +4.3% |
| Other operating charges | 640/8 | €352 | €1,711 | +€1,360 | +386.5% |
| Non-recurring operating charges | 66A | €3,864 | - | -€3,864 | |
| Gross operating margin | 9900 | €131,650 | €149,218 | +€17,568 | +13.3% |
| Operating profit (loss) | 9901 | €69,215 | €122,483 | +€53,268 | +77.0% |
| Financial income | 75/76B | €251 | €278 | +€27 | +10.8% |
| Recurring financial income | 75 | €251 | €278 | +€27 | +10.8% |
| Financial charges | 65/66B | €13,489 | €23,857 | +€10,368 | +76.9% |
| Recurring financial charges | 65 | €13,489 | €23,857 | +€10,368 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €55,977 | €98,904 | +€42,927 | +76.7% |
| Transfer from deferred taxes | 780 | €1,545 | €1,545 | = | 0.0% |
| Income taxes | 67/77 | €44 | €15,707 | +€15,663 | +35736.2% |
| Profit (loss) for the period | 9904 | €57,478 | €84,742 | +€27,264 | +47.4% |
| Transfer from tax-exempt reserves | 789 | €3,605 | €3,605 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,084 | €88,348 | +€27,264 | +44.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.