JV ELEKTRIX: 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.
JV ELEKTRIX
Largest movements
- Tangible fixed assets +€115,387
up €115,387 (+1,536%), from €7,511 to €122,898
of which Assets under construction and advance payments: +€118,628
- Receivables within one year +€47,013
up €47,013 (+976%), from €4,816 to €51,829
of which Other amounts receivable: +€31,019
- Cash +€8,150
up €8,150 (+5.4%), from €152,013 to €160,163
mainly Debts after one year (+€145,403) and Net result for the year (+€36,040)
- Stocks and contracts +€6,284
up €6,284 (+37.9%), from €16,592 to €22,876
- Debts after one year +€145,403
new in 2025: €145,403
- Reserves +€36,040
up €36,040 (+28.2%), from €127,918 to €163,957
- Profit (loss) carried forward -€25,625
no longer reported in 2025 (was €25,625)
- Other debts +€23,910
up €23,910 (+1,394%), from €1,715 to €25,625
- Trade debts -€6,155
down €6,155 (-48.5%), from €12,686 to €6,531
- Gross operating margin +€23,791
up €23,791 (+55.6%), from €42,764 to €66,555
- Other operating charges +€7,394
up €7,394 (+1,133%), from €652 to €8,047
- Taxes +€4,534
up €4,534 (+32.6%), from €13,919 to €18,453
- Financial charges +€2,038
up €2,038 (+1,475%), from €138 to €2,176
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 | €182,524 | €358,686 | +€176,162 | +96.5% |
| Fixed assets | 21/28 | €7,511 | €122,898 | +€115,387 | +1,536% |
| Tangible fixed assets | 22/27 | €7,511 | €122,898 | +€115,387 | +1,536% |
| Plant, machinery and equipment | 23 | €2,712 | €1,666 | -€1,046 | -38.6% |
| Furniture and vehicles | 24 | €4,800 | €2,604 | -€2,196 | -45.8% |
| Assets under construction and advance payments | 27 | - | €118,628 | +€118,628 | |
| Current assets | 29/58 | €175,013 | €235,788 | +€60,775 | +34.7% |
| Stocks and contracts in progress | 3 | €16,592 | €22,876 | +€6,284 | +37.9% |
| Stocks | 30/36 | €16,592 | €22,876 | +€6,284 | +37.9% |
| Amounts receivable within one year | 40/41 | €4,816 | €51,829 | +€47,013 | +976% |
| Trade receivables | 40 | €542 | €16,537 | +€15,995 | +2,951% |
| Other amounts receivable | 41 | €4,274 | €35,293 | +€31,019 | +726% |
| Cash at bank and in hand | 54/58 | €152,013 | €160,163 | +€8,150 | +5.4% |
| Deferred charges and accrued income | 490/1 | €1,592 | €920 | -€672 | -42.2% |
| Total equity and liabilities | 10/49 | €182,524 | €358,686 | +€176,162 | +96.5% |
| Equity | 10/15 | €165,943 | €176,357 | +€10,415 | +6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €127,918 | €163,957 | +€36,040 | +28.2% |
| Distributable reserves | 133 | €127,918 | €163,957 | +€36,040 | +28.2% |
| Profit (loss) carried forward | 14 | €25,625 | - | -€25,625 | |
| Amounts payable | 17/49 | €16,582 | €182,329 | +€165,747 | +1,000% |
| Amounts payable after more than one year | 17 | - | €145,403 | +€145,403 | |
| Financial debts | 170/4 | - | €145,403 | +€145,403 | |
| Amounts payable within one year | 42/48 | €16,582 | €36,926 | +€20,344 | +123% |
| Current portion of amounts payable after more than one year | 42 | - | €2,553 | +€2,553 | |
| Trade debts | 44 | €12,686 | €6,531 | -€6,155 | -48.5% |
| Suppliers | 440/4 | €12,686 | €6,531 | -€6,155 | -48.5% |
| Taxes, remuneration and social security | 45 | €2,181 | €2,217 | +€36 | +1.7% |
| Taxes | 450/3 | €6 | - | -€6 | |
| Remuneration and social security | 454/9 | €2,175 | €2,217 | +€43 | +2.0% |
| Other amounts payable | 47/48 | €1,715 | €25,625 | +€23,910 | +1,394% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,994 | €3,242 | +€248 | +8.3% |
| Other operating charges | 640/8 | €652 | €8,047 | +€7,394 | +1,133% |
| Gross operating margin | 9900 | €42,764 | €66,555 | +€23,791 | +55.6% |
| Operating profit (loss) | 9901 | €39,117 | €55,266 | +€16,149 | +41.3% |
| Financial income | 75/76B | €1,515 | €1,402 | -€113 | -7.4% |
| Recurring financial income | 75 | €1,515 | €1,402 | -€113 | -7.4% |
| Financial charges | 65/66B | €138 | €2,176 | +€2,038 | +1,475% |
| Recurring financial charges | 65 | €138 | €2,176 | +€2,038 | +1,475% |
| Profit (loss) for the period before taxes | 9903 | €40,494 | €54,493 | +€13,998 | +34.6% |
| Income taxes | 67/77 | €13,919 | €18,453 | +€4,534 | +32.6% |
| Profit (loss) for the period | 9904 | €26,575 | €36,040 | +€9,465 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,575 | €36,040 | +€9,465 | +35.6% |
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 20 October 2026 via checked.be.