J.V. 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.V. Elektro
Largest movements
- Current investments -€550,000
down €550,000 (-100%), from €550,000 to €0
- Cash +€332,250
up €332,250 (+449%), from €73,958 to €406,209
mainly Current investments (+€550,000) and Investment in fixed assets (net) (+€58,307)
- Tangible fixed assets -€85,615
down €85,615 (-67.0%), from €127,803 to €42,189
of which Leasing and similar rights: -€79,412
- Receivables within one year +€73,319
up €73,319 (+66.8%), from €109,744 to €183,063
of which Other amounts receivable: +€78,764
- Tax, wage and social debts -€72,522
down €72,522 (-100%), from €72,522 to €0
of which Taxes: -€72,522
- Profit (loss) carried forward -€63,983
down €63,983 (-239%), from -€26,808 to -€90,791
- Debts after one year -€40,452
down €40,452 (-100%), from €40,452 to €0
- Current portion of long-term debt -€32,029
down €32,029 (-100%), from €32,029 to €0
- Reserves -€22,997
down €22,997 (-3.2%), from €729,311 to €706,314
- Depreciation -€19,861
down €19,861 (-40.7%), from €48,816 to €28,955
- Other operating charges +€16,883
up €16,883 (+203%), from €8,301 to €25,184
- Gross operating margin -€14,478
down €14,478 (-1,941%), from -€746 to -€15,225
- Financial income -€8,350
down €8,350 (-42.0%), from €19,874 to €11,523
- Write-downs -€4,049
down €4,049 (-138%), from -€2,931 to -€6,980
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 | €867,586 | €636,733 | -€230,852 | -26.6% |
| Fixed assets | 21/28 | €129,450 | €42,189 | -€87,261 | -67.4% |
| Intangible fixed assets | 21 | €321 | €0 | -€321 | -100% |
| Tangible fixed assets | 22/27 | €127,803 | €42,189 | -€85,615 | -67.0% |
| Land and buildings | 22 | €43,398 | €32,548 | -€10,849 | -25.0% |
| Plant, machinery and equipment | 23 | €2,748 | €669 | -€2,079 | -75.6% |
| Furniture and vehicles | 24 | €2,246 | €8,971 | +€6,725 | +299% |
| Leasing and similar rights | 25 | €79,412 | €0 | -€79,412 | -100% |
| Financial fixed assets | 28 | €1,325 | €0 | -€1,325 | -100% |
| Current assets | 29/58 | €738,136 | €594,545 | -€143,591 | -19.5% |
| Amounts receivable within one year | 40/41 | €109,744 | €183,063 | +€73,319 | +66.8% |
| Trade receivables | 40 | €7,971 | €2,526 | -€5,445 | -68.3% |
| Other amounts receivable | 41 | €101,773 | €180,536 | +€78,764 | +77.4% |
| Current investments | 50/53 | €550,000 | €0 | -€550,000 | -100% |
| Cash at bank and in hand | 54/58 | €73,958 | €406,209 | +€332,250 | +449% |
| Deferred charges and accrued income | 490/1 | €4,434 | €5,274 | +€839 | +18.9% |
| Total equity and liabilities | 10/49 | €867,586 | €636,733 | -€230,852 | -26.6% |
| Equity | 10/15 | €721,103 | €634,123 | -€86,980 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €729,311 | €706,314 | -€22,997 | -3.2% |
| Distributable reserves | 133 | €729,311 | €706,314 | -€22,997 | -3.2% |
| Profit (loss) carried forward | 14 | -€26,808 | -€90,791 | -€63,983 | -239% |
| Amounts payable | 17/49 | €146,483 | €2,610 | -€143,872 | -98.2% |
| Amounts payable after more than one year | 17 | €40,452 | €0 | -€40,452 | -100% |
| Financial debts | 170/4 | €40,452 | €0 | -€40,452 | -100% |
| Amounts payable within one year | 42/48 | €106,030 | €2,610 | -€103,420 | -97.5% |
| Current portion of amounts payable after more than one year | 42 | €32,029 | €0 | -€32,029 | -100% |
| Financial debts | 43 | €21 | €0 | -€21 | -100% |
| Credit institutions | 430/8 | €21 | €0 | -€21 | -100% |
| Trade debts | 44 | €1,459 | €2,480 | +€1,022 | +70.1% |
| Suppliers | 440/4 | €1,459 | €2,480 | +€1,022 | +70.1% |
| Advances received on contracts in progress | 46 | - | €130 | +€130 | |
| Taxes, remuneration and social security | 45 | €72,522 | €0 | -€72,522 | -100% |
| Taxes | 450/3 | €72,522 | €0 | -€72,522 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,816 | €28,955 | -€19,861 | -40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,931 | -€6,980 | -€4,049 | -138% |
| Other operating charges | 640/8 | €8,301 | €25,184 | +€16,883 | +203% |
| Non-recurring operating charges | 66A | - | €10,453 | +€10,453 | |
| Gross operating margin | 9900 | -€746 | -€15,225 | -€14,478 | -1,941% |
| Operating profit (loss) | 9901 | -€54,932 | -€72,835 | -€17,903 | -32.6% |
| Financial income | 75/76B | €19,874 | €11,523 | -€8,350 | -42.0% |
| Recurring financial income | 75 | €19,874 | €11,523 | -€8,350 | -42.0% |
| Financial charges | 65/66B | €2,560 | €2,286 | -€274 | -10.7% |
| Recurring financial charges | 65 | €2,560 | €2,286 | -€274 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,618 | -€63,598 | -€25,979 | -69.1% |
| Income taxes | 67/77 | €413 | €385 | -€28 | -6.8% |
| Profit (loss) for the period | 9904 | -€38,032 | -€63,983 | -€25,951 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,032 | -€63,983 | -€25,951 | -68.2% |
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 30 October 2026 via checked.be.