FOTELEC: 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.
FOTELEC
Largest movements
- Receivables within one year +€4,484
up €4,484 (+678%), from €661 to €5,145
- Stocks and contracts -€1,155
down €1,155 (-3.0%), from €38,423 to €37,268
- Cash +€509
up €509 (+25.5%), from €1,998 to €2,507
mainly Trade debts (+€6,558) and Net result for the year (+€2,998)
- Trade debts +€6,558
up €6,558 (+190%), from €3,444 to €10,002
- Other debts -€3,643
down €3,643 (-24.3%), from €14,982 to €11,338
- Profit (loss) carried forward +€2,998
up €2,998 (+321%), from €933 to €3,931
- Tax, wage and social debts -€1,754
down €1,754 (-62.4%), from €2,812 to €1,058
of which Taxes: -€1,146
- Staff costs -€21,160
down €21,160 (-42.1%), from €50,230 to €29,070
- Gross operating margin -€18,173
down €18,173 (-35.6%), from €50,982 to €32,809
- Other operating charges +€839
new in 2025: €839
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 | €41,083 | €45,241 | +€4,159 | +10.1% |
| Current assets | 29/58 | €41,083 | €45,241 | +€4,159 | +10.1% |
| Stocks and contracts in progress | 3 | €38,423 | €37,268 | -€1,155 | -3.0% |
| Stocks | 30/36 | €38,423 | €37,268 | -€1,155 | -3.0% |
| Amounts receivable within one year | 40/41 | €661 | €5,145 | +€4,484 | +678% |
| Trade receivables | 40 | €661 | €5,145 | +€4,484 | +678% |
| Cash at bank and in hand | 54/58 | €1,998 | €2,507 | +€509 | +25.5% |
| Deferred charges and accrued income | 490/1 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €41,083 | €45,241 | +€4,159 | +10.1% |
| Equity | 10/15 | €19,796 | €22,793 | +€2,998 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €263 | €263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €263 | €263 | = | 0.0% |
| Reserves not available under the articles | 1311 | €263 | €263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €933 | €3,931 | +€2,998 | +321% |
| Amounts payable | 17/49 | €21,287 | €22,448 | +€1,161 | +5.5% |
| Amounts payable within one year | 42/48 | €21,287 | €22,448 | +€1,161 | +5.5% |
| Financial debts | 43 | €49 | €49 | = | 0.0% |
| Credit institutions | 430/8 | €49 | €49 | = | 0.0% |
| Trade debts | 44 | €3,444 | €10,002 | +€6,558 | +190% |
| Suppliers | 440/4 | €3,444 | €10,002 | +€6,558 | +190% |
| Taxes, remuneration and social security | 45 | €2,812 | €1,058 | -€1,754 | -62.4% |
| Taxes | 450/3 | €1,406 | €260 | -€1,146 | -81.5% |
| Remuneration and social security | 454/9 | €1,406 | €798 | -€609 | -43.3% |
| Other amounts payable | 47/48 | €14,982 | €11,338 | -€3,643 | -24.3% |
| Remuneration, social security and pensions | 62 | €50,230 | €29,070 | -€21,160 | -42.1% |
| Other operating charges | 640/8 | - | €839 | +€839 | |
| Gross operating margin | 9900 | €50,982 | €32,809 | -€18,173 | -35.6% |
| Operating profit (loss) | 9901 | €752 | €2,900 | +€2,148 | +286% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €104 | -€97 | -€201 | |
| Recurring financial charges | 65 | €104 | -€97 | -€201 | |
| Profit (loss) for the period before taxes | 9903 | €648 | €2,998 | +€2,350 | +363% |
| Profit (loss) for the period | 9904 | €648 | €2,998 | +€2,350 | +363% |
| Profit (loss) for the period to be appropriated | 9905 | €648 | €2,998 | +€2,350 | +363% |
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.