L.S ELECTRICITE: 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.
L.S ELECTRICITE
Largest movements
- Cash -€11,101
no longer reported in 2026 (was €11,101)
mainly Contributions, distributions and other (-€29,000) and Tax, wage and social debts (-€13,281)
- Receivables within one year +€6,601
up €6,601 (+7.5%), from €87,633 to €94,234
of which Trade receivables: +€6,475
- Tangible fixed assets -€6,297
down €6,297 (-50.2%), from €12,543 to €6,246
of which Furniture and vehicles: -€3,797
- Intangible fixed assets -€2,422
down €2,422 (-44.4%), from €5,450 to €3,028
- Tax, wage and social debts -€13,281
down €13,281 (-46.5%), from €28,576 to €15,295
- Other debts +€8,700
new in 2026: €8,700
- Debts after one year -€7,683
no longer reported in 2026 (was €7,683)
- Trade debts -€6,196
down €6,196 (-30.8%), from €20,115 to €13,919
- Short-term financial debts +€4,360
new in 2026: €4,360
- Taxes -€9,531
down €9,531 (-52.7%), from €18,074 to €8,543
- Gross operating margin -€8,326
down €8,326 (-14.5%), from €57,278 to €48,952
- Financial income -€3,943
down €3,943 (-100.0%), from €3,944 to €1
- Other operating charges +€1,007
up €1,007 (+633%), from €159 to €1,166
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,798 | €103,571 | -€13,227 | -11.3% |
| Fixed assets | 21/28 | €17,993 | €9,274 | -€8,719 | -48.5% |
| Intangible fixed assets | 21 | €5,450 | €3,028 | -€2,422 | -44.4% |
| Tangible fixed assets | 22/27 | €12,543 | €6,246 | -€6,297 | -50.2% |
| Plant, machinery and equipment | 23 | €2,014 | €1,582 | -€432 | -21.4% |
| Furniture and vehicles | 24 | €6,740 | €2,943 | -€3,797 | -56.3% |
| Leasing and similar rights | 25 | €3,410 | €1,519 | -€1,891 | -55.5% |
| Other tangible fixed assets | 26 | €379 | €202 | -€177 | -46.7% |
| Current assets | 29/58 | €98,805 | €94,297 | -€4,508 | -4.6% |
| Amounts receivable within one year | 40/41 | €87,633 | €94,234 | +€6,601 | +7.5% |
| Trade receivables | 40 | €16,060 | €22,535 | +€6,475 | +40.3% |
| Other amounts receivable | 41 | €71,573 | €71,699 | +€126 | +0.2% |
| Cash at bank and in hand | 54/58 | €11,101 | - | -€11,101 | |
| Deferred charges and accrued income | 490/1 | €71 | €63 | -€8 | -11.3% |
| Total equity and liabilities | 10/49 | €116,798 | €103,571 | -€13,227 | -11.3% |
| Equity | 10/15 | €55,432 | €55,750 | +€318 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,600 | €36,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Other | 1319 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €36,300 | €36,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232 | €550 | +€318 | +137% |
| Amounts payable | 17/49 | €61,366 | €47,821 | -€13,545 | -22.1% |
| Amounts payable after more than one year | 17 | €7,683 | - | -€7,683 | |
| Financial debts | 170/4 | €7,683 | - | -€7,683 | |
| Amounts payable within one year | 42/48 | €53,683 | €47,821 | -€5,862 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €4,992 | €5,547 | +€555 | +11.1% |
| Financial debts | 43 | - | €4,360 | +€4,360 | |
| Credit institutions | 430/8 | - | €4,360 | +€4,360 | |
| Trade debts | 44 | €20,115 | €13,919 | -€6,196 | -30.8% |
| Suppliers | 440/4 | €20,115 | €13,919 | -€6,196 | -30.8% |
| Taxes, remuneration and social security | 45 | €28,576 | €15,295 | -€13,281 | -46.5% |
| Taxes | 450/3 | €28,576 | €15,295 | -€13,281 | -46.5% |
| Other amounts payable | 47/48 | - | €8,700 | +€8,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,073 | €8,719 | -€354 | -3.9% |
| Other operating charges | 640/8 | €159 | €1,166 | +€1,007 | +633% |
| Gross operating margin | 9900 | €57,278 | €48,952 | -€8,326 | -14.5% |
| Operating profit (loss) | 9901 | €48,046 | €39,067 | -€8,979 | -18.7% |
| Financial income | 75/76B | €3,944 | €1 | -€3,943 | -100.0% |
| Recurring financial income | 75 | €3,944 | €1 | -€3,943 | -100.0% |
| Financial charges | 65/66B | €1,527 | €1,207 | -€320 | -21.0% |
| Recurring financial charges | 65 | €1,527 | €1,207 | -€320 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €50,463 | €37,861 | -€12,602 | -25.0% |
| Income taxes | 67/77 | €18,074 | €8,543 | -€9,531 | -52.7% |
| Profit (loss) for the period | 9904 | €32,389 | €29,318 | -€3,071 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,389 | €29,318 | -€3,071 | -9.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.