ELGO ELECTRICS: what changed
What changed
ELGO ELECTRICS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€27,518
2024 · €29,454-€1,936
Equity
€429,627
2024 · €460,133-€30,506
Cash
€32,359
2024 · €75,404-€43,045
Balance sheet total
€1.0m
2024 · €1.1m-€88,471
Largest movements
Assets
- Receivables within one year -€50,013
down €50,013 (-31.8%), from €157,275 to €107,262
of which Trade receivables: -€42,695
- Stocks and contracts +€48,519
up €48,519 (+38.8%), from €125,000 to €173,519
- Tangible fixed assets -€47,018
down €47,018 (-6.1%), from €764,799 to €717,781
of which Land and buildings: -€23,947
- Cash -€43,045
down €43,045 (-57.1%), from €75,404 to €32,359
mainly Contributions, distributions and other (-€58,024) and Stocks and contracts (-€48,519)
Equity and liabilities
- Other debts +€51,238
up €51,238, from €0 to €51,238
- Debts after one year -€48,496
down €48,496 (-10.3%), from €470,196 to €421,700
- Trade debts -€42,875
down €42,875 (-41.4%), from €103,568 to €60,693
- Reserves -€30,506
down €30,506 (-10.2%), from €299,963 to €269,458
of which Distributable reserves: -€30,506
Income statement
- Staff costs -€14,932
down €14,932 (-28.0%), from €53,363 to €38,431
- Gross operating margin -€10,158
down €10,158 (-6.0%), from €169,912 to €159,754
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,454
Gross operating margin
-€10,158
Staff costs
+€14,932
Depreciation
+€1,381
Write-downs
+€284
Other operating charges
+€141
Other operating items
-€7,798
Financial income
-€971
Financial charges
-€38
Taxes
+€292
Result 2025
€27,518
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€70,677
Investment
-€450
Financing
-€113,272
Cash 2024
€75,404
From operations (derived)
+€70,677
Net result for the year
+€27,518
Depreciation
+€47,018
Stocks and contracts
-€48,519
Receivables within one year
+€50,013
Deferred charges and accrued income
-€2,636
Trade debts
-€42,875
Tax, wage and social debts
-€10,596
Other debts
+€51,238
Accrued charges and deferred income
-€484
Investment (derived)
-€450
Investment in fixed assets (net)
-€450
Financing
-€113,272
Debts after one year
-€48,496
Current portion of long-term debt
-€6,753
Contributions, distributions and other
-€58,024
Cash 2025
€32,359
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,123,722 | €1,035,250 | -€88,471 | -7.9% |
| Fixed assets | 21/28 | €766,042 | €719,474 | -€46,568 | -6.1% |
| Tangible fixed assets | 22/27 | €764,799 | €717,781 | -€47,018 | -6.1% |
| Land and buildings | 22 | €685,850 | €661,903 | -€23,947 | -3.5% |
| Plant, machinery and equipment | 23 | €12,964 | €7,912 | -€5,052 | -39.0% |
| Furniture and vehicles | 24 | €65,985 | €47,965 | -€18,020 | -27.3% |
| Financial fixed assets | 28 | €1,244 | €1,694 | +€450 | +36.2% |
| Current assets | 29/58 | €357,680 | €315,776 | -€41,903 | -11.7% |
| Stocks and contracts in progress | 3 | €125,000 | €173,519 | +€48,519 | +38.8% |
| Stocks | 30/36 | €125,000 | €173,519 | +€48,519 | +38.8% |
| Amounts receivable within one year | 40/41 | €157,275 | €107,262 | -€50,013 | -31.8% |
| Trade receivables | 40 | €149,957 | €107,262 | -€42,695 | -28.5% |
| Other amounts receivable | 41 | €7,319 | €0 | -€7,319 | -100% |
| Cash at bank and in hand | 54/58 | €75,404 | €32,359 | -€43,045 | -57.1% |
| Deferred charges and accrued income | 490/1 | - | €2,636 | +€2,636 | |
| Total equity and liabilities | 10/49 | €1,123,722 | €1,035,250 | -€88,471 | -7.9% |
| Equity | 10/15 | €460,133 | €429,627 | -€30,506 | -6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €299,963 | €269,458 | -€30,506 | -10.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €299,963 | €269,458 | -€30,506 | -10.2% |
| Profit (loss) carried forward | 14 | €153,970 | €153,970 | = | 0.0% |
| Amounts payable | 17/49 | €663,589 | €605,623 | -€57,966 | -8.7% |
| Amounts payable after more than one year | 17 | €470,196 | €421,700 | -€48,496 | -10.3% |
| Financial debts | 170/4 | €470,196 | €421,700 | -€48,496 | -10.3% |
| Amounts payable within one year | 42/48 | €192,909 | €183,923 | -€8,986 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €67,270 | €60,517 | -€6,753 | -10.0% |
| Trade debts | 44 | €103,568 | €60,693 | -€42,875 | -41.4% |
| Suppliers | 440/4 | €103,568 | €60,693 | -€42,875 | -41.4% |
| Taxes, remuneration and social security | 45 | €22,071 | €11,475 | -€10,596 | -48.0% |
| Taxes | 450/3 | €13,598 | €6,052 | -€7,547 | -55.5% |
| Remuneration and social security | 454/9 | €8,473 | €5,423 | -€3,050 | -36.0% |
| Other amounts payable | 47/48 | €0 | €51,238 | +€51,238 | |
| Accrued charges and deferred income | 492/3 | €484 | €0 | -€484 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €53,363 | €38,431 | -€14,932 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,399 | €47,018 | -€1,381 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €284 | €0 | -€284 | -100% |
| Other operating charges | 640/8 | €6,930 | €6,789 | -€141 | -2.0% |
| Non-recurring operating charges | 66A | - | €7,798 | +€7,798 | |
| Gross operating margin | 9900 | €169,912 | €159,754 | -€10,158 | -6.0% |
| Operating profit (loss) | 9901 | €60,935 | €59,717 | -€1,219 | -2.0% |
| Financial income | 75/76B | €1,226 | €256 | -€971 | -79.1% |
| Recurring financial income | 75 | €1,226 | €256 | -€971 | -79.1% |
| Financial charges | 65/66B | €17,283 | €17,321 | +€38 | +0.2% |
| Recurring financial charges | 65 | €17,283 | €17,321 | +€38 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €44,878 | €42,651 | -€2,227 | -5.0% |
| Income taxes | 67/77 | €15,425 | €15,133 | -€292 | -1.9% |
| Profit (loss) for the period | 9904 | €29,454 | €27,518 | -€1,936 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,454 | €27,518 | -€1,936 | -6.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.