EURELEC: 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.
EURELEC
Largest movements
- Receivables within one year -€84,115
down €84,115 (-98.4%), from €85,504 to €1,389
of which Trade receivables: -€82,005
- Cash -€16,533
down €16,533 (-99.8%), from €16,570 to €36
mainly Other debts (-€102,110) and Trade debts (-€44,869)
- Tangible fixed assets -€7,308
down €7,308 (-5.5%), from €132,871 to €125,563
- Other debts -€102,110
down €102,110 (-99.0%), from €103,131 to €1,021
- Trade debts -€44,869
down €44,869 (-91.6%), from €48,991 to €4,123
- Profit (loss) carried forward +€32,693
up €32,693, from -€26,204 to €6,490
- Contributions +€12,395
up €12,395 (+200%), from €6,205 to €18,600
- Tax, wage and social debts -€6,066
down €6,066 (-78.1%), from €7,771 to €1,705
- Gross operating margin -€35,310
down €35,310 (-73.3%), from €48,142 to €12,832
- Purchases and services +€24,591
up €24,591 (+110%), from €22,406 to €46,997
- Turnover -€9,519
down €9,519 (-13.7%), from €69,348 to €59,829
- Other operating charges -€732
down €732 (-100%), from €732 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,945 | €126,988 | -€107,956 | -45.9% |
| Fixed assets | 21/28 | €132,871 | €125,563 | -€7,308 | -5.5% |
| Tangible fixed assets | 22/27 | €132,871 | €125,563 | -€7,308 | -5.5% |
| Land and buildings | 22 | €132,871 | €125,563 | -€7,308 | -5.5% |
| Current assets | 29/58 | €102,073 | €1,425 | -€100,648 | -98.6% |
| Amounts receivable within one year | 40/41 | €85,504 | €1,389 | -€84,115 | -98.4% |
| Trade receivables | 40 | €83,394 | €1,389 | -€82,005 | -98.3% |
| Other amounts receivable | 41 | €2,110 | €0 | -€2,110 | -100% |
| Cash at bank and in hand | 54/58 | €16,570 | €36 | -€16,533 | -99.8% |
| Total equity and liabilities | 10/49 | €234,945 | €126,988 | -€107,956 | -45.9% |
| Equity | 10/15 | €75,052 | €120,140 | +€45,088 | +60.1% |
| Contributions | 10/11 | €6,205 | €18,600 | +€12,395 | +200% |
| Capital | 10 | €6,205 | €18,600 | +€12,395 | +200% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €0 | -€12,395 | -100% |
| Revaluation surpluses | 12 | €93,190 | €93,190 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,204 | €6,490 | +€32,693 | |
| Amounts payable | 17/49 | €159,893 | €6,849 | -€153,044 | -95.7% |
| Amounts payable within one year | 42/48 | €159,893 | €6,849 | -€153,044 | -95.7% |
| Trade debts | 44 | €48,991 | €4,123 | -€44,869 | -91.6% |
| Suppliers | 440/4 | €48,991 | €4,123 | -€44,869 | -91.6% |
| Taxes, remuneration and social security | 45 | €7,771 | €1,705 | -€6,066 | -78.1% |
| Taxes | 450/3 | €7,771 | €1,705 | -€6,066 | -78.1% |
| Other amounts payable | 47/48 | €103,131 | €1,021 | -€102,110 | -99.0% |
| Turnover | 70 | €69,348 | €59,829 | -€9,519 | -13.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,406 | €46,997 | +€24,591 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,752 | €7,308 | -€443 | -5.7% |
| Other operating charges | 640/8 | €732 | €0 | -€732 | -100% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €48,142 | €12,832 | -€35,310 | -73.3% |
| Operating profit (loss) | 9901 | €39,659 | €5,524 | -€34,135 | -86.1% |
| Financial charges | 65/66B | €135 | €159 | +€24 | +17.9% |
| Recurring financial charges | 65 | €135 | €159 | +€24 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €39,524 | €5,365 | -€34,159 | -86.4% |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | €39,024 | €5,365 | -€33,659 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,024 | €5,365 | -€33,659 | -86.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.