HELECTRIEK: 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.
HELECTRIEK
Largest movements
- Tangible fixed assets +€195,379
up €195,379 (+110%), from €177,142 to €372,521
of which Land and buildings: +€198,556
- Receivables within one year -€33,849
down €33,849 (-51.2%), from €66,141 to €32,291
of which Other amounts receivable: -€29,378
- Cash +€32,537
up €32,537 (+89.6%), from €36,299 to €68,836
mainly Debts after one year (+€284,384) and Net result for the year (+€62,985)
- Stocks and contracts +€7,873
up €7,873 (+30.7%), from €25,617 to €33,490
- Debts after one year +€284,384
up €284,384 (+457%), from €62,288 to €346,673
of which Financial debts: +€186,464
- Other debts -€167,027
down €167,027 (-99.3%), from €168,194 to €1,166
- Reserves +€61,319
up €61,319 (+273%), from €22,480 to €83,798
- Current portion of long-term debt +€14,285
new in 2025: €14,285
- Tax, wage and social debts +€5,836
up €5,836 (+123%), from €4,761 to €10,597
- Gross operating margin +€69,961
up €69,961 (+178%), from €39,371 to €109,332
- Depreciation +€13,935
up €13,935 (+160%), from €8,697 to €22,632
- Taxes +€10,575
up €10,575 (+222%), from €4,761 to €15,336
- Financial charges +€6,734
up €6,734 (+815%), from €826 to €7,560
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 | €308,095 | €510,029 | +€201,934 | +65.5% |
| Fixed assets | 21/28 | €177,142 | €372,521 | +€195,379 | +110% |
| Tangible fixed assets | 22/27 | €177,142 | €372,521 | +€195,379 | +110% |
| Land and buildings | 22 | €132,142 | €330,698 | +€198,556 | +150% |
| Plant, machinery and equipment | 23 | €21,512 | €27,936 | +€6,424 | +29.9% |
| Furniture and vehicles | 24 | €23,487 | €13,887 | -€9,600 | -40.9% |
| Current assets | 29/58 | €130,953 | €137,508 | +€6,555 | +5.0% |
| Stocks and contracts in progress | 3 | €25,617 | €33,490 | +€7,873 | +30.7% |
| Stocks | 30/36 | €25,617 | €33,490 | +€7,873 | +30.7% |
| Amounts receivable within one year | 40/41 | €66,141 | €32,291 | -€33,849 | -51.2% |
| Trade receivables | 40 | €32,400 | €27,928 | -€4,472 | -13.8% |
| Other amounts receivable | 41 | €33,741 | €4,363 | -€29,378 | -87.1% |
| Cash at bank and in hand | 54/58 | €36,299 | €68,836 | +€32,537 | +89.6% |
| Deferred charges and accrued income | 490/1 | €2,897 | €2,890 | -€7 | -0.2% |
| Total equity and liabilities | 10/49 | €308,095 | €510,029 | +€201,934 | +65.5% |
| Equity | 10/15 | €52,480 | €113,798 | +€61,319 | +117% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €22,480 | €83,798 | +€61,319 | +273% |
| Distributable reserves | 133 | €22,480 | €83,798 | +€61,319 | +273% |
| Amounts payable | 17/49 | €255,615 | €396,231 | +€140,616 | +55.0% |
| Amounts payable after more than one year | 17 | €62,288 | €346,673 | +€284,384 | +457% |
| Financial debts | 170/4 | €62,288 | €248,753 | +€186,464 | +299% |
| Other amounts payable | 178/9 | - | €97,920 | +€97,920 | |
| Amounts payable within one year | 42/48 | €192,934 | €49,558 | -€143,376 | -74.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,285 | +€14,285 | |
| Trade debts | 44 | €19,979 | €23,479 | +€3,500 | +17.5% |
| Suppliers | 440/4 | €19,979 | €23,479 | +€3,500 | +17.5% |
| Advances received on contracts in progress | 46 | - | €31 | +€31 | |
| Taxes, remuneration and social security | 45 | €4,761 | €10,597 | +€5,836 | +123% |
| Taxes | 450/3 | €4,761 | €10,597 | +€5,836 | +123% |
| Other amounts payable | 47/48 | €168,194 | €1,166 | -€167,027 | -99.3% |
| Accrued charges and deferred income | 492/3 | €393 | - | -€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,697 | €22,632 | +€13,935 | +160% |
| Other operating charges | 640/8 | €1,021 | €1,096 | +€75 | +7.3% |
| Gross operating margin | 9900 | €39,371 | €109,332 | +€69,961 | +178% |
| Operating profit (loss) | 9901 | €29,654 | €85,605 | +€55,951 | +189% |
| Financial income | 75/76B | €78 | €276 | +€197 | +251% |
| Recurring financial income | 75 | €78 | €276 | +€197 | +251% |
| Financial charges | 65/66B | €826 | €7,560 | +€6,734 | +815% |
| Recurring financial charges | 65 | €826 | €7,560 | +€6,734 | +815% |
| Profit (loss) for the period before taxes | 9903 | €28,907 | €78,321 | +€49,414 | +171% |
| Income taxes | 67/77 | €4,761 | €15,336 | +€10,575 | +222% |
| Profit (loss) for the period | 9904 | €24,146 | €62,985 | +€38,839 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €24,146 | €62,985 | +€38,839 | +161% |
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 18 October 2026 via checked.be.