ELTEC-DEXIS: 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
ELTEC-DEXIS
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€151,758
2024 · €157,553-€5,796
Equity
€1.4m
2024 · €1.3m+€101,230
Cash
€179,720
2024 · €386,787-€207,066
Balance sheet total
€3.5m
2024 · €3.6m-€112,853
Largest movements
Assets
- Stocks and contracts +€345,059
up €345,059 (+74.8%), from €461,254 to €806,313
of which Contracts in progress: +€413,606
- Cash -€207,066
down €207,066 (-53.5%), from €386,787 to €179,720
mainly Stocks and contracts (-€345,059) and Investment in fixed assets (net) (-€132,090)
- Receivables within one year -€193,643
down €193,643 (-9.7%), from €2.0m to €1.8m
of which Trade receivables: -€177,684
- Tangible fixed assets -€79,053
down €79,053 (-13.5%), from €586,227 to €507,174
of which Plant, machinery and equipment: -€57,397
Equity and liabilities
- Debts after one year -€128,592
down €128,592 (-35.8%), from €358,745 to €230,153
- Reserves +€101,230
up €101,230 (+8.1%), from €1.2m to €1.3m
of which Distributable reserves: +€117,023
- Accrued charges and deferred income -€60,110
down €60,110 (-96.9%), from €62,013 to €1,902
Income statement
- Turnover -€362,229
down €362,229 (-4.0%), from €9.0m to €8.6m
- Services and other goods +€213,920
up €213,920 (+16.5%), from €1.3m to €1.5m
- Staff costs -€137,755
down €137,755 (-5.9%), from €2.4m to €2.2m
- Write-downs +€137,065
up €137,065, from -€52,378 to €84,686
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
€157,553
Turnover
-€362,229
Other operating income
+€55,198
Goods and materials
+€65,198
Services and other goods
-€213,920
Staff costs
+€137,755
Depreciation
-€30,578
Write-downs
-€137,065
Other operating charges
+€42,056
Other operating items
+€432,008
Financial income
+€849
Financial charges
-€4,394
Taxes
+€9,325
Result 2025
€151,758
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.
From operations
+€97,466
Investment
-€132,090
Financing
-€172,442
Cash 2024
€386,787
From operations (derived)
+€97,466
Net result for the year
+€151,758
Depreciation
+€187,527
Stocks and contracts
-€345,059
Receivables within one year
+€193,643
Deferred charges and accrued income
+€1,766
Provisions
-€5,265
Trade debts
+€5,587
Tax, wage and social debts
-€296
Other debts
-€32,085
Accrued charges and deferred income
-€60,110
Investment (derived)
-€132,090
Investment in fixed assets (net)
-€132,090
Financing
-€172,442
Debts after one year
-€128,592
Current portion of long-term debt
+€6,678
Contributions, distributions and other
-€50,528
Cash 2025
€179,720
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,579,793 | €3,466,940 | -€112,853 | -3.2% |
| Fixed assets | 21/28 | €732,630 | €677,193 | -€55,437 | -7.6% |
| Intangible fixed assets | 21 | €146,323 | €169,939 | +€23,616 | +16.1% |
| Tangible fixed assets | 22/27 | €586,227 | €507,174 | -€79,053 | -13.5% |
| Land and buildings | 22 | €309,749 | €308,198 | -€1,551 | -0.5% |
| Plant, machinery and equipment | 23 | €244,342 | €186,945 | -€57,397 | -23.5% |
| Furniture and vehicles | 24 | €32,136 | €12,031 | -€20,105 | -62.6% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Other financial fixed assets | 284/8 | €80 | €80 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €2,847,163 | €2,789,747 | -€57,416 | -2.0% |
| Stocks and contracts in progress | 3 | €461,254 | €806,313 | +€345,059 | +74.8% |
| Stocks | 30/36 | €436,725 | €368,177 | -€68,548 | -15.7% |
| Goods purchased for resale | 34 | €436,725 | €368,177 | -€68,548 | -15.7% |
| Contracts in progress | 37 | €24,529 | €438,135 | +€413,606 | +1686.2% |
| Amounts receivable within one year | 40/41 | €1,993,378 | €1,799,735 | -€193,643 | -9.7% |
| Trade receivables | 40 | €1,974,917 | €1,797,233 | -€177,684 | -9.0% |
| Other amounts receivable | 41 | €18,461 | €2,502 | -€15,959 | -86.4% |
| Cash at bank and in hand | 54/58 | €386,787 | €179,720 | -€207,066 | -53.5% |
| Deferred charges and accrued income | 490/1 | €5,745 | €3,979 | -€1,766 | -30.7% |
| Total equity and liabilities | 10/49 | €3,579,793 | €3,466,940 | -€112,853 | -3.2% |
| Equity | 10/15 | €1,317,842 | €1,419,071 | +€101,230 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,246,111 | €1,347,341 | +€101,230 | +8.1% |
| Tax-exempt reserves | 132 | €18,112 | €2,318 | -€15,794 | -87.2% |
| Distributable reserves | 133 | €1,227,999 | €1,345,023 | +€117,023 | +9.5% |
| Profit (loss) carried forward | 14 | €53,131 | €53,131 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,037 | €773 | -€5,265 | -87.2% |
| Deferred taxes | 168 | €6,037 | €773 | -€5,265 | -87.2% |
| Amounts payable | 17/49 | €2,255,914 | €2,047,096 | -€208,818 | -9.3% |
| Amounts payable after more than one year | 17 | €358,745 | €230,153 | -€128,592 | -35.8% |
| Financial debts | 170/4 | €358,745 | €230,153 | -€128,592 | -35.8% |
| Credit institutions | 173 | €358,745 | €230,153 | -€128,592 | -35.8% |
| Amounts payable within one year | 42/48 | €1,835,156 | €1,815,040 | -€20,116 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €121,914 | €128,592 | +€6,678 | +5.5% |
| Trade debts | 44 | €1,370,657 | €1,376,244 | +€5,587 | +0.4% |
| Suppliers | 440/4 | €1,370,657 | €1,376,244 | +€5,587 | +0.4% |
| Taxes, remuneration and social security | 45 | €259,972 | €259,676 | -€296 | -0.1% |
| Taxes | 450/3 | €49,722 | €37,190 | -€12,532 | -25.2% |
| Remuneration and social security | 454/9 | €210,250 | €222,487 | +€12,237 | +5.8% |
| Other amounts payable | 47/48 | €82,613 | €50,528 | -€32,085 | -38.8% |
| Accrued charges and deferred income | 492/3 | €62,013 | €1,902 | -€60,110 | -96.9% |
| Operating income | 70/76A | €9,199,576 | €9,328,567 | +€128,991 | +1.4% |
| Turnover | 70 | €8,998,557 | €8,636,328 | -€362,229 | -4.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€8,194 | €413,606 | +€421,800 | |
| Other operating income | 74 | €198,002 | €253,199 | +€55,198 | +27.9% |
| Non-recurring operating income | 76A | €11,211 | €25,433 | +€14,222 | +126.9% |
| Operating charges | 60/66A | €8,908,619 | €9,049,186 | +€140,567 | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €5,086,172 | €5,020,974 | -€65,198 | -1.3% |
| Purchases | 600/8 | €5,089,644 | €4,952,426 | -€137,218 | -2.7% |
| Change in stocks: decrease (increase) | 609 | -€3,472 | €68,548 | +€72,020 | |
| Services and other goods | 61 | €1,295,669 | €1,509,589 | +€213,920 | +16.5% |
| Remuneration, social security and pensions | 62 | €2,352,978 | €2,215,222 | -€137,755 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,949 | €187,527 | +€30,578 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€52,378 | €84,686 | +€137,065 | |
| Other operating charges | 640/8 | €68,039 | €25,983 | -€42,056 | -61.8% |
| Non-recurring operating charges | 66A | €1,190 | €5,204 | +€4,014 | +337.3% |
| Operating profit (loss) | 9901 | €290,957 | €279,381 | -€11,576 | -4.0% |
| Financial income | 75/76B | €200 | €1,050 | +€849 | +424.2% |
| Recurring financial income | 75 | €200 | €1,050 | +€849 | +424.2% |
| Other financial income | 752/9 | €200 | €1,050 | +€849 | +424.2% |
| Financial charges | 65/66B | €51,957 | €56,351 | +€4,394 | +8.5% |
| Recurring financial charges | 65 | €51,957 | €56,351 | +€4,394 | +8.5% |
| Debt charges | 650 | €36,071 | €44,135 | +€8,064 | +22.4% |
| Other financial charges | 652/9 | €15,886 | €12,216 | -€3,670 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €239,200 | €224,080 | -€15,121 | -6.3% |
| Transfer from deferred taxes | 780 | €5,265 | €5,265 | = | 0.0% |
| Income taxes | 67/77 | €86,912 | €77,587 | -€9,325 | -10.7% |
| Taxes | 670/3 | €86,912 | €77,587 | -€9,325 | -10.7% |
| Profit (loss) for the period | 9904 | €157,553 | €151,758 | -€5,796 | -3.7% |
| Transfer from tax-exempt reserves | 789 | €15,794 | €15,794 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,347 | €167,551 | -€5,796 | -3.3% |
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 11 October 2026 via checked.be.