FLASH ELEKTRO: 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
FLASH ELEKTRO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,937
2024 · -€97,190+€29,254
Equity
€2.1m
2024 · €2.2m-€67,937
Cash
€29,659
2024 · €22,051+€7,608
Balance sheet total
€4.9m
2024 · €5.1m-€143,887
Largest movements
Assets
- Receivables within one year -€122,035
down €122,035 (-23.1%), from €527,219 to €405,184
of which Trade receivables: -€105,112
- Stocks and contracts +€113,719
up €113,719 (+7.2%), from €1.6m to €1.7m
- Tangible fixed assets -€73,786
down €73,786 (-2.8%), from €2.7m to €2.6m
of which Land and buildings: -€62,578
- Intangible fixed assets -€67,791
down €67,791 (-31.3%), from €216,480 to €148,689
Equity and liabilities
- Debts after one year -€115,483
down €115,483 (-5.6%), from €2.0m to €1.9m
- Profit (loss) carried forward -€67,937
down €67,937 (-3.2%), from €2.1m to €2.0m
Income statement
- Gross operating margin +€34,655
up €34,655 (+6.3%), from €554,191 to €588,846
- Staff costs +€29,723
up €29,723 (+8.0%), from €373,457 to €403,180
- Write-downs -€10,747
no longer reported in 2025 (was €10,747)
- Other operating charges -€6,779
down €6,779 (-28.2%), from €24,034 to €17,254
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
-€97,190
Gross operating margin
+€34,655
Staff costs
-€29,723
Depreciation
+€4,951
Write-downs
+€10,747
Other operating charges
+€6,779
Financial income
-€3,259
Financial charges
+€5,040
Taxes
+€62
Result 2025
-€67,937
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
+€118,157
Investment
€0
Financing
-€110,549
Cash 2024
€22,051
From operations (derived)
+€118,157
Net result for the year
-€67,937
Depreciation
+€141,577
Stocks and contracts
-€113,719
Receivables within one year
+€122,035
Deferred charges and accrued income
+€1,602
Trade debts
+€32,942
Tax, wage and social debts
-€5,397
Other debts
+€5,440
Accrued charges and deferred income
+€1,613
Financing
-€110,549
Debts after one year
-€115,483
Current portion of long-term debt
+€4,933
Cash 2025
€29,659
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,053,209 | €4,909,322 | -€143,887 | -2.8% |
| Fixed assets | 21/28 | €2,895,541 | €2,753,964 | -€141,577 | -4.9% |
| Intangible fixed assets | 21 | €216,480 | €148,689 | -€67,791 | -31.3% |
| Tangible fixed assets | 22/27 | €2,678,836 | €2,605,050 | -€73,786 | -2.8% |
| Land and buildings | 22 | €2,657,798 | €2,595,219 | -€62,578 | -2.4% |
| Plant, machinery and equipment | 23 | €6,013 | €2,291 | -€3,722 | -61.9% |
| Furniture and vehicles | 24 | €15,025 | €7,539 | -€7,486 | -49.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €2,157,669 | €2,155,358 | -€2,310 | -0.1% |
| Stocks and contracts in progress | 3 | €1,581,960 | €1,695,680 | +€113,719 | +7.2% |
| Stocks | 30/36 | €1,581,960 | €1,695,680 | +€113,719 | +7.2% |
| Amounts receivable within one year | 40/41 | €527,219 | €405,184 | -€122,035 | -23.1% |
| Trade receivables | 40 | €510,296 | €405,184 | -€105,112 | -20.6% |
| Other amounts receivable | 41 | €16,924 | - | -€16,924 | |
| Cash at bank and in hand | 54/58 | €22,051 | €29,659 | +€7,608 | +34.5% |
| Deferred charges and accrued income | 490/1 | €26,438 | €24,836 | -€1,602 | -6.1% |
| Total equity and liabilities | 10/49 | €5,053,209 | €4,909,322 | -€143,887 | -2.8% |
| Equity | 10/15 | €2,170,661 | €2,102,724 | -€67,937 | -3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,102,461 | €2,034,524 | -€67,937 | -3.2% |
| Amounts payable | 17/49 | €2,882,548 | €2,806,598 | -€75,951 | -2.6% |
| Amounts payable after more than one year | 17 | €2,045,047 | €1,929,565 | -€115,483 | -5.6% |
| Financial debts | 170/4 | €2,045,047 | €1,929,565 | -€115,483 | -5.6% |
| Amounts payable within one year | 42/48 | €837,001 | €874,920 | +€37,919 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €110,549 | €115,483 | +€4,933 | +4.5% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €347,538 | €380,480 | +€32,942 | +9.5% |
| Suppliers | 440/4 | €347,538 | €380,480 | +€32,942 | +9.5% |
| Taxes, remuneration and social security | 45 | €123,441 | €118,044 | -€5,397 | -4.4% |
| Taxes | 450/3 | €35,635 | €26,197 | -€9,439 | -26.5% |
| Remuneration and social security | 454/9 | €87,805 | €91,848 | +€4,042 | +4.6% |
| Other amounts payable | 47/48 | €5,473 | €10,913 | +€5,440 | +99.4% |
| Accrued charges and deferred income | 492/3 | €500 | €2,113 | +€1,613 | +323% |
| Remuneration, social security and pensions | 62 | €373,457 | €403,180 | +€29,723 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,528 | €141,577 | -€4,951 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,747 | - | -€10,747 | |
| Other operating charges | 640/8 | €24,034 | €17,254 | -€6,779 | -28.2% |
| Gross operating margin | 9900 | €554,191 | €588,846 | +€34,655 | +6.3% |
| Operating profit (loss) | 9901 | -€575 | €26,835 | +€27,410 | |
| Financial income | 75/76B | €12,120 | €8,861 | -€3,259 | -26.9% |
| Recurring financial income | 75 | €12,120 | €8,861 | -€3,259 | -26.9% |
| Financial charges | 65/66B | €108,559 | €103,519 | -€5,040 | -4.6% |
| Recurring financial charges | 65 | €108,559 | €103,519 | -€5,040 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€97,014 | -€67,823 | +€29,191 | +30.1% |
| Income taxes | 67/77 | €176 | €114 | -€62 | -35.4% |
| Profit (loss) for the period | 9904 | -€97,190 | -€67,937 | +€29,254 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,190 | -€67,937 | +€29,254 | +30.1% |
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 25 October 2026 via checked.be.