F.B.ELEC: 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.
F.B.ELEC
Largest movements
- Receivables within one year +€125,797
up €125,797 (+56.8%), from €221,506 to €347,302
of which Trade receivables: +€138,533
- Cash +€74,631
up €74,631 (+34.1%), from €218,873 to €293,504
mainly Trade debts (+€121,837) and Net result for the year (+€72,244)
- Tangible fixed assets +€46,110
up €46,110 (+54.3%), from €84,885 to €130,995
of which Plant, machinery and equipment: +€55,161
- Trade debts +€121,837
up €121,837 (+32.9%), from €370,388 to €492,225
- Reserves +€54,517
up €54,517 (+50.1%), from €108,772 to €163,289
- Debts after one year +€40,153
up €40,153 (+141%), from €28,384 to €68,536
- Other debts +€20,560
up €20,560 (+2,450%), from €839 to €21,399
- Current portion of long-term debt +€8,298
up €8,298 (+74.5%), from €11,144 to €19,442
- Gross operating margin +€87,972
up €87,972 (+220%), from €39,902 to €127,874
- Taxes +€28,382
up €28,382 (+429%), from €6,613 to €34,995
- Depreciation +€4,103
up €4,103 (+32.5%), from €12,642 to €16,745
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 | €536,895 | €786,064 | +€249,169 | +46.4% |
| Fixed assets | 21/28 | €92,128 | €139,819 | +€47,691 | +51.8% |
| Tangible fixed assets | 22/27 | €84,885 | €130,995 | +€46,110 | +54.3% |
| Land and buildings | 22 | €65,190 | €61,022 | -€4,169 | -6.4% |
| Plant, machinery and equipment | 23 | €1,758 | €56,919 | +€55,161 | +3,138% |
| Furniture and vehicles | 24 | €17,937 | €13,054 | -€4,883 | -27.2% |
| Financial fixed assets | 28 | €7,243 | €8,824 | +€1,581 | +21.8% |
| Current assets | 29/58 | €444,767 | €646,245 | +€201,478 | +45.3% |
| Amounts receivable within one year | 40/41 | €221,506 | €347,302 | +€125,797 | +56.8% |
| Trade receivables | 40 | €194,695 | €333,228 | +€138,533 | +71.2% |
| Other amounts receivable | 41 | €26,811 | €14,074 | -€12,737 | -47.5% |
| Cash at bank and in hand | 54/58 | €218,873 | €293,504 | +€74,631 | +34.1% |
| Deferred charges and accrued income | 490/1 | €4,388 | €5,438 | +€1,050 | +23.9% |
| Total equity and liabilities | 10/49 | €536,895 | €786,064 | +€249,169 | +46.4% |
| Equity | 10/15 | €119,143 | €173,661 | +€54,517 | +45.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €108,772 | €163,289 | +€54,517 | +50.1% |
| Distributable reserves | 133 | €108,772 | €163,289 | +€54,517 | +50.1% |
| Profit (loss) carried forward | 14 | €2,311 | €2,311 | = | 0.0% |
| Amounts payable | 17/49 | €417,752 | €612,403 | +€194,652 | +46.6% |
| Amounts payable after more than one year | 17 | €28,384 | €68,536 | +€40,153 | +141% |
| Financial debts | 170/4 | €28,384 | €68,536 | +€40,153 | +141% |
| Amounts payable within one year | 42/48 | €389,368 | €543,867 | +€154,499 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €11,144 | €19,442 | +€8,298 | +74.5% |
| Financial debts | 43 | €509 | - | -€509 | |
| Credit institutions | 430/8 | €509 | - | -€509 | |
| Trade debts | 44 | €370,388 | €492,225 | +€121,837 | +32.9% |
| Suppliers | 440/4 | €370,388 | €492,225 | +€121,837 | +32.9% |
| Taxes, remuneration and social security | 45 | €6,488 | €10,801 | +€4,313 | +66.5% |
| Taxes | 450/3 | €6,488 | €10,801 | +€4,313 | +66.5% |
| Other amounts payable | 47/48 | €839 | €21,399 | +€20,560 | +2,450% |
| Non-recurring operating income | 76A | €4,693 | - | -€4,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,642 | €16,745 | +€4,103 | +32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €400 | - | -€400 | |
| Other operating charges | 640/8 | €1,044 | €1,042 | -€2 | -0.2% |
| Non-recurring operating charges | 66A | €815 | - | -€815 | |
| Gross operating margin | 9900 | €39,902 | €127,874 | +€87,972 | +220% |
| Operating profit (loss) | 9901 | €25,001 | €110,087 | +€85,086 | +340% |
| Financial income | 75/76B | €659 | €453 | -€206 | -31.3% |
| Recurring financial income | 75 | €659 | €453 | -€206 | -31.3% |
| Financial charges | 65/66B | €2,584 | €3,300 | +€716 | +27.7% |
| Recurring financial charges | 65 | €2,584 | €3,300 | +€716 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €23,076 | €107,240 | +€84,164 | +365% |
| Income taxes | 67/77 | €6,613 | €34,995 | +€28,382 | +429% |
| Profit (loss) for the period | 9904 | €16,463 | €72,244 | +€55,782 | +339% |
| Profit (loss) for the period to be appropriated | 9905 | €16,463 | €72,244 | +€55,782 | +339% |
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 16 October 2026 via checked.be.