ELEXYS: 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.
What changed
ELEXYS
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€984,547
2024 · €539,696+€444,851
Equity
€9.9m
2024 · €9.4m+€512,663
Cash
€1.3m
2024 · €367,442+€921,813
Balance sheet total
€15.1m
2024 · €19.3m-€4.2m
Largest movements
Assets
- Receivables within one year -€7.2m
down €7.2m (-52.2%), from €13.8m to €6.6m
of which Trade receivables: -€4.3m
- Deferred charges and accrued income +€2.4m
up €2.4m (+1,634%), from €144,498 to €2.5m
- Cash +€921,813
up €921,813 (+251%), from €367,442 to €1.3m
mainly Receivables within one year (+€7.2m) and Net result for the year (+€984,547)
- Financial fixed assets -€291,007
down €291,007 (-39.8%), from €731,507 to €440,501
of which Affiliated companies: -€217,000
Equity and liabilities
- Trade debts -€2.9m
down €2.9m (-42.3%), from €6.9m to €4.0m
- Accrued charges and deferred income -€2.0m
down €2.0m (-89.5%), from €2.2m to €232,460
- Reserves +€512,663
up €512,663 (+12.1%), from €4.2m to €4.7m
of which Distributable reserves: +€463,436
- Other debts +€218,333
up €218,333 (+86.1%), from €253,550 to €471,883
Income statement
- Turnover -€22.3m
down €22.3m (-42.6%), from €52.2m to €30.0m
- Goods and materials -€21.2m
down €21.2m (-43.1%), from €49.2m to €28.0m
- Other operating charges -€2.9m
down €2.9m (-51.1%), from €5.7m to €2.8m
- Other operating income -€1.4m
down €1.4m (-30.0%), from €4.7m to €3.3m
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.
Result 2024
€539,696
Turnover
-€22.3m
Other operating income
-€1.4m
Goods and materials
+€21.2m
Services and other goods
-€75,572
Staff costs
-€33,987
Depreciation
-€126
Write-downs
-€405,743
Other operating charges
+€2.9m
Other operating items
+€823,244
Financial income
-€151,641
Financial charges
+€7,607
Taxes
-€171,548
Result 2025
€984,547
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
+€288,221
Financing
-€475,883
Cash 2024
€367,442
From operations (derived)
+€1.1m
Net result for the year
+€984,547
Depreciation
+€1,302
Receivables within one year
+€7.2m
Deferred charges and accrued income
-€2.4m
Trade debts
-€2.9m
Smaller working-capital items
-€16,748
Other debts
+€218,333
Accrued charges and deferred income
-€2.0m
Investment (derived)
+€288,221
Investment in fixed assets (net)
+€288,221
Financing
-€475,883
Debts after one year
-€4,000
Contributions, distributions and other
-€471,883
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,292,808 | €15,080,264 | -€4.2m | -21.8% |
| Fixed assets | 21/28 | €733,555 | €444,032 | -€289,523 | -39.5% |
| Tangible fixed assets | 22/27 | €2,047 | €3,531 | +€1,484 | +72.5% |
| Furniture and vehicles | 24 | €2,047 | €3,531 | +€1,484 | +72.5% |
| Financial fixed assets | 28 | €731,507 | €440,501 | -€291,007 | -39.8% |
| Affiliated companies | 280/1 | €540,000 | €323,000 | -€217,000 | -40.2% |
| Amounts receivable | 281 | €540,000 | €323,000 | -€217,000 | -40.2% |
| Other financial fixed assets | 284/8 | €191,507 | €117,501 | -€74,007 | -38.6% |
| Amounts receivable and cash guarantees | 285/8 | €191,507 | €117,501 | -€74,007 | -38.6% |
| Current assets | 29/58 | €18,559,253 | €14,636,232 | -€3.9m | -21.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,797,313 | €6,591,329 | -€7.2m | -52.2% |
| Trade receivables | 40 | €7,541,449 | €3,279,448 | -€4.3m | -56.5% |
| Other amounts receivable | 41 | €6,255,864 | €3,311,881 | -€2.9m | -47.1% |
| Current investments | 50/53 | €4,250,000 | €4,250,000 | = | 0.0% |
| Other investments | 51/53 | €4,250,000 | €4,250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €367,442 | €1,289,255 | +€921,813 | +251% |
| Deferred charges and accrued income | 490/1 | €144,498 | €2,505,648 | +€2.4m | +1,634% |
| Total equity and liabilities | 10/49 | €19,292,808 | €15,080,264 | -€4.2m | -21.8% |
| Equity | 10/15 | €9,395,871 | €9,908,534 | +€512,663 | +5.5% |
| Contributions | 10/11 | €5,162,500 | €5,162,500 | = | 0.0% |
| Capital | 10 | €5,162,500 | €5,162,500 | = | 0.0% |
| Issued capital | 100 | €5,162,500 | €5,162,500 | = | 0.0% |
| Reserves | 13 | €4,233,371 | €4,746,034 | +€512,663 | +12.1% |
| Non-distributable reserves | 130/1 | €285,720 | €334,947 | +€49,227 | +17.2% |
| Legal reserve | 130 | €285,720 | €334,947 | +€49,227 | +17.2% |
| Distributable reserves | 133 | €3,947,651 | €4,411,087 | +€463,436 | +11.7% |
| Amounts payable | 17/49 | €9,896,937 | €5,171,730 | -€4.7m | -47.7% |
| Amounts payable after more than one year | 17 | €53,507 | €49,507 | -€4,000 | -7.5% |
| Other amounts payable | 178/9 | €53,507 | €49,507 | -€4,000 | -7.5% |
| Amounts payable within one year | 42/48 | €7,619,923 | €4,889,763 | -€2.7m | -35.8% |
| Trade debts | 44 | €6,933,320 | €4,001,574 | -€2.9m | -42.3% |
| Suppliers | 440/4 | €6,933,320 | €4,001,574 | -€2.9m | -42.3% |
| Advances received on contracts in progress | 46 | €56,687 | €47,373 | -€9,314 | -16.4% |
| Taxes, remuneration and social security | 45 | €376,367 | €368,932 | -€7,434 | -2.0% |
| Taxes | 450/3 | €365,564 | €329,999 | -€35,565 | -9.7% |
| Remuneration and social security | 454/9 | €10,802 | €38,933 | +€28,131 | +260% |
| Other amounts payable | 47/48 | €253,550 | €471,883 | +€218,333 | +86.1% |
| Accrued charges and deferred income | 492/3 | €2,223,507 | €232,460 | -€2.0m | -89.5% |
| Operating income | 70/76A | €56,932,634 | €33,249,424 | -€23.7m | -41.6% |
| Turnover | 70 | €52,249,635 | €29,984,400 | -€22.3m | -42.6% |
| Other operating income | 74 | €4,657,164 | €3,260,790 | -€1.4m | -30.0% |
| Non-recurring operating income | 76A | €25,835 | €4,234 | -€21,601 | -83.6% |
| Operating charges | 60/66A | €56,550,027 | €32,106,384 | -€24.4m | -43.2% |
| Goods for resale, raw materials and consumables | 60 | €49,231,722 | €28,032,300 | -€21.2m | -43.1% |
| Purchases | 600/8 | €49,231,722 | €28,032,300 | -€21.2m | -43.1% |
| Services and other goods | 61 | €930,213 | €1,005,785 | +€75,572 | +8.1% |
| Remuneration, social security and pensions | 62 | €173,223 | €207,210 | +€33,987 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €1,302 | +€126 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€398,781 | €6,962 | +€405,743 | |
| Other operating charges | 640/8 | €5,699,774 | €2,784,970 | -€2.9m | -51.1% |
| Non-recurring operating charges | 66A | €912,700 | €67,855 | -€844,845 | -92.6% |
| Operating profit (loss) | 9901 | €382,607 | €1,143,040 | +€760,432 | +199% |
| Financial income | 75/76B | €347,416 | €195,774 | -€151,641 | -43.6% |
| Recurring financial income | 75 | €347,416 | €195,774 | -€151,641 | -43.6% |
| Income from current assets | 751 | €161,082 | €97,131 | -€63,951 | -39.7% |
| Other financial income | 752/9 | €186,334 | €98,644 | -€87,690 | -47.1% |
| Financial charges | 65/66B | €55,469 | €47,862 | -€7,607 | -13.7% |
| Recurring financial charges | 65 | €55,469 | €47,862 | -€7,607 | -13.7% |
| Debt charges | 650 | €15,862 | €16,620 | +€758 | +4.8% |
| Other financial charges | 652/9 | €39,608 | €31,242 | -€8,366 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €674,554 | €1,290,952 | +€616,398 | +91.4% |
| Income taxes | 67/77 | €134,858 | €306,405 | +€171,548 | +127% |
| Taxes | 670/3 | €134,858 | €306,405 | +€171,548 | +127% |
| Profit (loss) for the period | 9904 | €539,696 | €984,547 | +€444,851 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €539,696 | €984,547 | +€444,851 | +82.4% |
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 29 October 2026 via checked.be.