EURELEC TRADING: 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
EURELEC TRADING
NACE 94.110, Activities of business and employers' organisations
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€468,556
2024 · €424,444+€44,113
Equity
€1.5m
2024 · €1.4m+€113,680
Cash
€74.9m
2024 · €28.6m+€46.3m
Balance sheet total
€1.55bn
2024 · €1.26bn+€294.1m
Largest movements
Assets
- Receivables within one year +€247.4m
up €247.4m (+20.2%), from €1.22bn to €1.47bn
of which Trade receivables: +€222.1m
- Cash +€46.3m
up €46.3m (+162%), from €28.6m to €74.9m
mainly Trade debts (+€224.9m) and Other debts (+€70.1m)
Equity and liabilities
- Trade debts +€224.9m
up €224.9m (+18.4%), from €1.22bn to €1.45bn
- Other debts +€70.1m
up €70.1m (+457%), from €15.3m to €85.5m
Income statement
- Turnover +€1.03bn
up €1.03bn (+8.3%), from €12.36bn to €13.39bn
- Goods and materials +€1.03bn
up €1.03bn (+8.3%), from €12.33bn to €13.36bn
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
€424,444
Turnover
+€1.03bn
Other operating income
+€12.9m
Goods and materials
-€1.03bn
Services and other goods
-€1.2m
Staff costs
+€223,628
Depreciation
-€41,497
Other operating charges
-€12.9m
Financial income
-€28,259
Financial charges
-€39,995
Taxes
+€22,010
Result 2025
€468,556
raises the resultlowers the result
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.
From operations
+€47.3m
Investment
-€662,290
Financing
-€354,876
Cash 2024
€28.6m
From operations (derived)
+€47.3m
Net result for the year
+€468,556
Depreciation
+€294,330
Receivables within one year
-€247.4m
Smaller working-capital items
-€353,109
Trade debts
+€224.9m
Tax, wage and social debts
-€746,396
Other debts
+€70.1m
Investment (derived)
-€662,290
Investment in fixed assets (net)
-€662,290
Financing
-€354,876
Contributions, distributions and other
-€354,876
Cash 2025
€74.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,260,364,405 | €1,554,433,564 | +€294.1m | +23.3% |
| Fixed assets | 21/28 | €8,396,906 | €8,764,865 | +€367,960 | +4.4% |
| Intangible fixed assets | 21 | €138,055 | €293,552 | +€155,497 | +113% |
| Tangible fixed assets | 22/27 | €1,189,165 | €1,401,628 | +€212,463 | +17.9% |
| Furniture and vehicles | 24 | €74,795 | €88,619 | +€13,824 | +18.5% |
| Other tangible fixed assets | 26 | €1,114,370 | €1,313,009 | +€198,639 | +17.8% |
| Financial fixed assets | 28 | €7,069,685 | €7,069,685 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,069,685 | €7,069,685 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,069,685 | €7,069,685 | = | 0.0% |
| Current assets | 29/58 | €1,251,967,499 | €1,545,668,699 | +€293.7m | +23.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,223,049,859 | €1,470,459,747 | +€247.4m | +20.2% |
| Trade receivables | 40 | €1,222,721,399 | €1,444,816,617 | +€222.1m | +18.2% |
| Other amounts receivable | 41 | €328,461 | €25,643,130 | +€25.3m | +7,707% |
| Cash at bank and in hand | 54/58 | €28,585,688 | €74,885,439 | +€46.3m | +162% |
| Deferred charges and accrued income | 490/1 | €331,951 | €323,512 | -€8,439 | -2.5% |
| Total equity and liabilities | 10/49 | €1,260,364,405 | €1,554,433,564 | +€294.1m | +23.3% |
| Equity | 10/15 | €1,402,081 | €1,515,761 | +€113,680 | +8.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,082,081 | €1,195,761 | +€113,680 | +10.5% |
| Amounts payable | 17/49 | €1,258,962,324 | €1,552,917,803 | +€294.0m | +23.3% |
| Amounts payable after more than one year | 17 | €7,054,000 | €7,054,000 | = | 0.0% |
| Other amounts payable | 178/9 | €7,054,000 | €7,054,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,250,365,959 | €1,544,687,550 | +€294.3m | +23.5% |
| Trade debts | 44 | €1,224,435,301 | €1,449,376,964 | +€224.9m | +18.4% |
| Suppliers | 440/4 | €1,224,435,301 | €1,449,376,964 | +€224.9m | +18.4% |
| Advances received on contracts in progress | 46 | - | €4,563 | +€4,563 | |
| Taxes, remuneration and social security | 45 | €10,597,542 | €9,851,146 | -€746,396 | -7.0% |
| Taxes | 450/3 | €9,093,928 | €8,725,829 | -€368,099 | -4.0% |
| Remuneration and social security | 454/9 | €1,503,614 | €1,125,317 | -€378,297 | -25.2% |
| Other amounts payable | 47/48 | €15,333,116 | €85,454,876 | +€70.1m | +457% |
| Accrued charges and deferred income | 492/3 | €1,542,365 | €1,176,254 | -€366,112 | -23.7% |
| Operating income | 70/76A | €12,372,137,382 | €13,415,066,056 | +€1.04bn | +8.4% |
| Turnover | 70 | €12,360,659,307 | €13,390,642,077 | +€1.03bn | +8.3% |
| Other operating income | 74 | €11,478,074 | €24,423,979 | +€12.9m | +113% |
| Operating charges | 60/66A | €12,370,723,357 | €13,413,561,675 | +€1.04bn | +8.4% |
| Goods for resale, raw materials and consumables | 60 | €12,332,636,425 | €13,361,623,805 | +€1.03bn | +8.3% |
| Purchases | 600/8 | €12,332,636,425 | €13,361,623,805 | +€1.03bn | +8.3% |
| Services and other goods | 61 | €20,192,907 | €21,370,817 | +€1.2m | +5.8% |
| Remuneration, social security and pensions | 62 | €6,198,249 | €5,974,620 | -€223,628 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,833 | €294,330 | +€41,497 | +16.4% |
| Other operating charges | 640/8 | €11,442,943 | €24,298,102 | +€12.9m | +112% |
| Operating profit (loss) | 9901 | €1,414,025 | €1,504,381 | +€90,356 | +6.4% |
| Financial income | 75/76B | €33,187 | €4,929 | -€28,259 | -85.1% |
| Recurring financial income | 75 | €33,187 | €4,929 | -€28,259 | -85.1% |
| Income from current assets | 751 | €6,676 | €141 | -€6,535 | -97.9% |
| Other financial income | 752/9 | €26,512 | €4,788 | -€21,724 | -81.9% |
| Financial charges | 65/66B | €800,660 | €840,655 | +€39,995 | +5.0% |
| Recurring financial charges | 65 | €800,660 | €840,655 | +€39,995 | +5.0% |
| Debt charges | 650 | €771,212 | €770,200 | -€1,012 | -0.1% |
| Other financial charges | 652/9 | €29,448 | €70,455 | +€41,008 | +139% |
| Profit (loss) for the period before taxes | 9903 | €646,553 | €668,655 | +€22,102 | +3.4% |
| Income taxes | 67/77 | €222,109 | €200,099 | -€22,010 | -9.9% |
| Taxes | 670/3 | €222,109 | €235,394 | +€13,285 | +6.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €35,295 | +€35,295 | |
| Profit (loss) for the period | 9904 | €424,444 | €468,556 | +€44,113 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €424,444 | €468,556 | +€44,113 | +10.4% |
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 29 October 2026 via checked.be.