Eltra: 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.
What changed
Eltra
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€1.3m-€207,419
Equity
€16.6m
2024 · €18.1m-€1.5m
Cash
€3.2m
2024 · €108,631+€3.1m
Balance sheet total
€44.7m
2024 · €44.1m+€606,095
Largest movements
Assets
- Cash +€3.1m
up €3.1m (+2815.1%), from €108,631 to €3.2m
mainly Short-term financial debts (+€2.7m) and Trade debts (+€2.0m)
- Stocks and contracts -€1.1m
down €1.1m (-5.0%), from €21.2m to €20.2m
- Tangible fixed assets -€1.0m
down €1.0m (-33.9%), from €3.0m to €2.0m
of which Leasing and similar rights: -€959,673
Equity and liabilities
- Short-term financial debts +€2.7m
up €2.7m (+207.4%), from €1.3m to €4.0m
- Trade debts +€2.0m
up €2.0m (+14.6%), from €13.6m to €15.6m
- Other debts -€1.7m
down €1.7m (-33.7%), from €5.0m to €3.3m
- Profit (loss) carried forward -€1.5m
down €1.5m (-8.5%), from €17.3m to €15.8m
- Debts after one year -€541,421
down €541,421 (-29.7%), from €1.8m to €1.3m
Income statement
- Goods and materials +€3.2m
up €3.2m (+5.2%), from €62.4m to €65.6m
of which Purchases: +€4.1m
- Turnover +€2.1m
up €2.1m (+2.7%), from €76.7m to €78.8m
- Services and other goods -€1.5m
down €1.5m (-17.5%), from €8.4m to €6.9m
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
-€1.3m
Turnover
+€2.1m
Other operating income
-€7,353
Goods and materials
-€3.2m
Services and other goods
+€1.5m
Staff costs
-€95,239
Depreciation
+€9,893
Write-downs
-€45,564
Other operating charges
+€234,532
Other operating items
-€5,616
Financial income
-€487,123
Financial charges
-€98,090
Taxes
-€13,457
Result 2025
-€1.5m
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
+€1.1m
Investment
-€219,337
Financing
+€2.2m
Cash 2024
€108,631
From operations (derived)
+€1.1m
Net result for the year
-€1.5m
Depreciation
+€1.3m
Stocks and contracts
+€1.1m
Receivables within one year
+€260,635
Deferred charges and accrued income
+€74,082
Trade debts
+€2.0m
Tax, wage and social debts
-€110,743
Other debts
-€1.7m
Accrued charges and deferred income
-€280,128
Investment (derived)
-€219,337
Investment in fixed assets (net)
-€219,337
Financing
+€2.2m
Debts after one year
-€541,421
Current portion of long-term debt
+€17,792
Short-term financial debts
+€2.7m
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,071,597 | €44,677,692 | +€606,095 | +1.4% |
| Fixed assets | 21/28 | €5,711,838 | €4,662,652 | -€1.0m | -18.4% |
| Intangible fixed assets | 21 | €221,808 | €186,404 | -€35,404 | -16.0% |
| Tangible fixed assets | 22/27 | €2,986,107 | €1,972,324 | -€1.0m | -33.9% |
| Land and buildings | 22 | €4,335 | €2,058 | -€2,277 | -52.5% |
| Plant, machinery and equipment | 23 | €432,810 | €378,157 | -€54,653 | -12.6% |
| Furniture and vehicles | 24 | €150,166 | €115,977 | -€34,189 | -22.8% |
| Leasing and similar rights | 25 | €2,367,265 | €1,407,592 | -€959,673 | -40.5% |
| Other tangible fixed assets | 26 | €14,780 | €16,275 | +€1,495 | +10.1% |
| Assets under construction and advance payments | 27 | €16,750 | €52,264 | +€35,514 | +212.0% |
| Financial fixed assets | 28 | €2,503,924 | €2,503,924 | = | 0.0% |
| Affiliated companies | 280/1 | €2,503,924 | €2,503,924 | = | 0.0% |
| Participating interests | 280 | €2,503,924 | €2,503,924 | = | 0.0% |
| Current assets | 29/58 | €38,359,759 | €40,015,040 | +€1.7m | +4.3% |
| Stocks and contracts in progress | 3 | €21,241,864 | €20,173,776 | -€1.1m | -5.0% |
| Stocks | 30/36 | €21,241,864 | €20,173,776 | -€1.1m | -5.0% |
| Goods purchased for resale | 34 | €21,241,864 | €20,173,776 | -€1.1m | -5.0% |
| Amounts receivable within one year | 40/41 | €16,308,854 | €16,048,219 | -€260,635 | -1.6% |
| Trade receivables | 40 | €7,701,922 | €9,277,286 | +€1.6m | +20.5% |
| Other amounts receivable | 41 | €8,606,932 | €6,770,933 | -€1.8m | -21.3% |
| Cash at bank and in hand | 54/58 | €108,631 | €3,166,716 | +€3.1m | +2815.1% |
| Deferred charges and accrued income | 490/1 | €700,411 | €626,329 | -€74,082 | -10.6% |
| Total equity and liabilities | 10/49 | €44,071,597 | €44,677,692 | +€606,095 | +1.4% |
| Equity | 10/15 | €18,103,225 | €16,625,829 | -€1.5m | -8.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €570,155 | €570,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €545,366 | €545,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,285,176 | €15,807,780 | -€1.5m | -8.5% |
| Amounts payable | 17/49 | €25,968,372 | €28,051,864 | +€2.1m | +8.0% |
| Amounts payable after more than one year | 17 | €1,822,392 | €1,280,970 | -€541,421 | -29.7% |
| Financial debts | 170/4 | €1,822,392 | €1,280,970 | -€541,421 | -29.7% |
| Leasing and similar obligations | 172 | €1,822,392 | €1,280,970 | -€541,421 | -29.7% |
| Amounts payable within one year | 42/48 | €21,869,756 | €24,774,797 | +€2.9m | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €523,629 | €541,421 | +€17,792 | +3.4% |
| Financial debts | 43 | €1,302,000 | €4,002,000 | +€2.7m | +207.4% |
| Credit institutions | 430/8 | €1,302,000 | €4,002,000 | +€2.7m | +207.4% |
| Trade debts | 44 | €13,627,937 | €15,622,360 | +€2.0m | +14.6% |
| Suppliers | 440/4 | €13,627,937 | €15,622,360 | +€2.0m | +14.6% |
| Taxes, remuneration and social security | 45 | €1,381,865 | €1,271,122 | -€110,743 | -8.0% |
| Taxes | 450/3 | €577,208 | €538,434 | -€38,774 | -6.7% |
| Remuneration and social security | 454/9 | €804,657 | €732,688 | -€71,969 | -8.9% |
| Other amounts payable | 47/48 | €5,034,325 | €3,337,894 | -€1.7m | -33.7% |
| Accrued charges and deferred income | 492/3 | €2,276,224 | €1,996,096 | -€280,128 | -12.3% |
| Operating income | 70/76A | €77,602,281 | €79,646,811 | +€2.0m | +2.6% |
| Turnover | 70 | €76,719,904 | €78,777,402 | +€2.1m | +2.7% |
| Other operating income | 74 | €875,302 | €867,949 | -€7,353 | -0.8% |
| Non-recurring operating income | 76A | €7,075 | €1,460 | -€5,616 | -79.4% |
| Operating charges | 60/66A | €78,605,389 | €80,258,668 | +€1.7m | +2.1% |
| Goods for resale, raw materials and consumables | 60 | €62,352,329 | €65,578,876 | +€3.2m | +5.2% |
| Purchases | 600/8 | €60,387,376 | €64,510,789 | +€4.1m | +6.8% |
| Change in stocks: decrease (increase) | 609 | €1,964,953 | €1,068,087 | -€896,866 | -45.6% |
| Services and other goods | 61 | €8,379,983 | €6,910,337 | -€1.5m | -17.5% |
| Remuneration, social security and pensions | 62 | €6,025,342 | €6,120,581 | +€95,239 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278,417 | €1,268,523 | -€9,893 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,090 | €40,474 | +€45,564 | |
| Other operating charges | 640/8 | €574,408 | €339,876 | -€234,532 | -40.8% |
| Operating profit (loss) | 9901 | -€1,003,108 | -€611,858 | +€391,250 | +39.0% |
| Financial income | 75/76B | €1,275,857 | €788,734 | -€487,123 | -38.2% |
| Recurring financial income | 75 | €1,275,857 | €788,734 | -€487,123 | -38.2% |
| Income from financial fixed assets | 750 | €500,000 | - | -€500,000 | |
| Income from current assets | 751 | €433,593 | €446,918 | +€13,325 | +3.1% |
| Other financial income | 752/9 | €342,264 | €341,817 | -€448 | -0.1% |
| Financial charges | 65/66B | €1,543,418 | €1,641,507 | +€98,090 | +6.4% |
| Recurring financial charges | 65 | €1,543,418 | €1,641,507 | +€98,090 | +6.4% |
| Debt charges | 650 | €713,599 | €582,320 | -€131,278 | -18.4% |
| Other financial charges | 652/9 | €829,819 | €1,059,187 | +€229,368 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,270,668 | -€1,464,631 | -€193,962 | -15.3% |
| Income taxes | 67/77 | -€691 | €12,766 | +€13,457 | |
| Taxes | 670/3 | €5,460 | €12,766 | +€7,306 | +133.8% |
| Tax adjustments and reversals of tax provisions | 77 | €6,151 | - | -€6,151 | |
| Profit (loss) for the period | 9904 | -€1,269,977 | -€1,477,396 | -€207,419 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,269,977 | -€1,477,396 | -€207,419 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.