Eltrico: 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.
Eltrico
Largest movements
- Receivables within one year +€745,721
up €745,721 (+280%), from €266,020 to €1.0m
of which Trade receivables: +€566,511
- Cash +€89,466
up €89,466 (+332%), from €26,936 to €116,402
mainly Trade debts (+€399,736) and Short-term financial debts (+€308,439)
- Tangible fixed assets +€54,362
new in 2025: €54,362
- Stocks and contracts -€24,039
down €24,039 (-3.3%), from €718,279 to €694,240
- Trade debts +€399,736
up €399,736 (+180%), from €222,265 to €622,001
- Short-term financial debts +€308,439
new in 2025: €308,439
- Reserves +€151,592
up €151,592 (+44.2%), from €342,799 to €494,391
of which Distributable reserves: +€151,592
- Tax, wage and social debts -€52,679
down €52,679 (-43.6%), from €120,772 to €68,093
of which Taxes: -€48,939
- Debts after one year +€33,156
new in 2025: €33,156
- Gross operating margin +€174,849
up €174,849 (+413%), from €42,364 to €217,212
- Taxes +€50,249
up €50,249 (+22,380%), from €225 to €50,473
- Staff costs -€35,834
down €35,834, from €33,044 to -€2,790
- Financial income -€18,115
down €18,115 (-47.4%), from €38,254 to €20,140
of which Non-recurring financial income: -€18,100
- Financial charges +€16,160
up €16,160 (+165%), from €9,777 to €25,936
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,015,565 | €1,879,683 | +€864,118 | +85.1% |
| Fixed assets | 21/28 | €4,331 | €57,152 | +€52,821 | +1,220% |
| Intangible fixed assets | 21 | €4,331 | €2,790 | -€1,541 | -35.6% |
| Tangible fixed assets | 22/27 | - | €54,362 | +€54,362 | |
| Furniture and vehicles | 24 | - | €54,362 | +€54,362 | |
| Current assets | 29/58 | €1,011,234 | €1,822,531 | +€811,297 | +80.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €718,279 | €694,240 | -€24,039 | -3.3% |
| Stocks | 30/36 | €718,279 | €694,240 | -€24,039 | -3.3% |
| Amounts receivable within one year | 40/41 | €266,020 | €1,011,741 | +€745,721 | +280% |
| Trade receivables | 40 | €209,439 | €775,950 | +€566,511 | +270% |
| Other amounts receivable | 41 | €56,581 | €235,790 | +€179,210 | +317% |
| Cash at bank and in hand | 54/58 | €26,936 | €116,402 | +€89,466 | +332% |
| Deferred charges and accrued income | 490/1 | - | €149 | +€149 | |
| Total equity and liabilities | 10/49 | €1,015,565 | €1,879,683 | +€864,118 | +85.1% |
| Equity | 10/15 | €669,999 | €821,591 | +€151,592 | +22.6% |
| Contributions | 10/11 | €327,200 | €327,200 | = | 0.0% |
| Reserves | 13 | €342,799 | €494,391 | +€151,592 | +44.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €342,799 | €494,391 | +€151,592 | +44.2% |
| Amounts payable | 17/49 | €345,566 | €1,058,093 | +€712,526 | +206% |
| Amounts payable after more than one year | 17 | - | €33,156 | +€33,156 | |
| Financial debts | 170/4 | - | €33,156 | +€33,156 | |
| Amounts payable within one year | 42/48 | €345,566 | €1,024,936 | +€679,370 | +197% |
| Current portion of amounts payable after more than one year | 42 | - | €12,809 | +€12,809 | |
| Financial debts | 43 | - | €308,439 | +€308,439 | |
| Credit institutions | 430/8 | - | €308,439 | +€308,439 | |
| Trade debts | 44 | €222,265 | €622,001 | +€399,736 | +180% |
| Suppliers | 440/4 | €222,265 | €622,001 | +€399,736 | +180% |
| Taxes, remuneration and social security | 45 | €120,772 | €68,093 | -€52,679 | -43.6% |
| Taxes | 450/3 | €117,031 | €68,093 | -€48,939 | -41.8% |
| Remuneration and social security | 454/9 | €3,741 | €0 | -€3,741 | -100% |
| Other amounts payable | 47/48 | €2,529 | €13,594 | +€11,065 | +438% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €33,044 | -€2,790 | -€35,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €10,685 | +€10,392 | +3,554% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,290 | €0 | -€1,290 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,830 | €1,456 | -€1,373 | -48.5% |
| Non-recurring operating charges | 66A | €150 | €0 | -€150 | -100% |
| Gross operating margin | 9900 | €42,364 | €217,212 | +€174,849 | +413% |
| Operating profit (loss) | 9901 | €4,757 | €207,861 | +€203,104 | +4,269% |
| Financial income | 75/76B | €38,254 | €20,140 | -€18,115 | -47.4% |
| Recurring financial income | 75 | €20,155 | €20,140 | -€15 | -0.1% |
| Non-recurring financial income | 76B | €18,100 | €0 | -€18,100 | -100% |
| Financial charges | 65/66B | €9,777 | €25,936 | +€16,160 | +165% |
| Recurring financial charges | 65 | €9,777 | €25,936 | +€16,160 | +165% |
| Profit (loss) for the period before taxes | 9903 | €33,235 | €202,065 | +€168,830 | +508% |
| Income taxes | 67/77 | €225 | €50,473 | +€50,249 | +22,380% |
| Profit (loss) for the period | 9904 | €33,011 | €151,592 | +€118,581 | +359% |
| Profit (loss) for the period to be appropriated | 9905 | €33,011 | €151,592 | +€118,581 | +359% |
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 19 October 2026 via checked.be.