J.M. 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.
J.M. Elektro
Largest movements
- Tangible fixed assets -€32,791
down €32,791 (-10.4%), from €316,188 to €283,397
of which Land and buildings: -€23,617
- Receivables within one year +€12,937
up €12,937 (+85.0%), from €15,228 to €28,165
of which Trade receivables: +€16,100
- Cash +€5,956
up €5,956 (+35.0%), from €17,017 to €22,973
mainly Depreciation (+€37,694) and Trade debts (+€6,418)
- Stocks and contracts +€4,850
new in 2025: €4,850
- Debts after one year -€11,267
down €11,267 (-5.8%), from €193,865 to €182,598
- Other debts -€9,140
down €9,140 (-7.6%), from €120,245 to €111,105
- Trade debts +€6,418
up €6,418 (+31.6%), from €20,321 to €26,740
- Gross operating margin -€7,067
down €7,067 (-12.9%), from €54,611 to €47,544
- Financial charges -€2,431
down €2,431 (-23.3%), from €10,440 to €8,009
- Depreciation +€2,423
up €2,423 (+6.9%), from €35,271 to €37,694
- Financial income +€1,638
up €1,638 (+301%), from €544 to €2,181
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 | €372,097 | €357,373 | -€14,725 | -4.0% |
| Fixed assets | 21/28 | €337,018 | €301,102 | -€35,916 | -10.7% |
| Intangible fixed assets | 21 | €20,830 | €17,705 | -€3,125 | -15.0% |
| Tangible fixed assets | 22/27 | €316,188 | €283,397 | -€32,791 | -10.4% |
| Land and buildings | 22 | €273,267 | €249,650 | -€23,617 | -8.6% |
| Furniture and vehicles | 24 | €41,701 | €31,221 | -€10,480 | -25.1% |
| Other tangible fixed assets | 26 | €1,219 | €2,525 | +€1,306 | +107% |
| Current assets | 29/58 | €35,079 | €56,270 | +€21,191 | +60.4% |
| Stocks and contracts in progress | 3 | - | €4,850 | +€4,850 | |
| Stocks | 30/36 | - | €4,850 | +€4,850 | |
| Amounts receivable within one year | 40/41 | €15,228 | €28,165 | +€12,937 | +85.0% |
| Trade receivables | 40 | €12,065 | €28,165 | +€16,100 | +133% |
| Other amounts receivable | 41 | €3,163 | - | -€3,163 | |
| Cash at bank and in hand | 54/58 | €17,017 | €22,973 | +€5,956 | +35.0% |
| Deferred charges and accrued income | 490/1 | €2,834 | €282 | -€2,552 | -90.1% |
| Total equity and liabilities | 10/49 | €372,097 | €357,373 | -€14,725 | -4.0% |
| Equity | 10/15 | €23,624 | €23,615 | -€9 | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,124 | €22,115 | -€9 | 0.0% |
| Amounts payable | 17/49 | €348,474 | €333,758 | -€14,716 | -4.2% |
| Amounts payable after more than one year | 17 | €193,865 | €182,598 | -€11,267 | -5.8% |
| Financial debts | 170/4 | €193,865 | €182,598 | -€11,267 | -5.8% |
| Amounts payable within one year | 42/48 | €153,022 | €151,159 | -€1,863 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €10,856 | €11,267 | +€411 | +3.8% |
| Trade debts | 44 | €20,321 | €26,740 | +€6,418 | +31.6% |
| Suppliers | 440/4 | €20,321 | €26,740 | +€6,418 | +31.6% |
| Taxes, remuneration and social security | 45 | €1,600 | €2,048 | +€448 | +28.0% |
| Taxes | 450/3 | €1,600 | €2,048 | +€448 | +28.0% |
| Other amounts payable | 47/48 | €120,245 | €111,105 | -€9,140 | -7.6% |
| Accrued charges and deferred income | 492/3 | €1,586 | - | -€1,586 | |
| Non-recurring operating income | 76A | - | €18,464 | +€18,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,271 | €37,694 | +€2,423 | +6.9% |
| Other operating charges | 640/8 | €2,306 | €1,930 | -€376 | -16.3% |
| Non-recurring operating charges | 66A | - | €365 | +€365 | |
| Gross operating margin | 9900 | €54,611 | €47,544 | -€7,067 | -12.9% |
| Operating profit (loss) | 9901 | €17,034 | €7,555 | -€9,480 | -55.7% |
| Financial income | 75/76B | €544 | €2,181 | +€1,638 | +301% |
| Recurring financial income | 75 | €544 | €2,181 | +€1,638 | +301% |
| Financial charges | 65/66B | €10,440 | €8,009 | -€2,431 | -23.3% |
| Recurring financial charges | 65 | €10,440 | €8,009 | -€2,431 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €7,138 | €1,727 | -€5,411 | -75.8% |
| Income taxes | 67/77 | €1,600 | €1,736 | +€136 | +8.5% |
| Profit (loss) for the period | 9904 | €5,538 | -€9 | -€5,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,538 | -€9 | -€5,547 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.