LC-ELEC: 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.
LC-ELEC
Largest movements
- Stocks and contracts +€21,617
up €21,617 (+59.1%), from €36,598 to €58,215
of which Contracts in progress: +€18,117
- Receivables within one year -€18,243
down €18,243 (-30.1%), from €60,569 to €42,326
of which Other amounts receivable: -€12,396
- Cash -€13,655
down €13,655 (-65.8%), from €20,738 to €7,083
mainly Net result for the year (-€23,981) and Stocks and contracts (-€21,617)
- Profit (loss) carried forward -€23,981
down €23,981, from €16,402 to -€7,580
- Advances received +€13,194
new in 2024: €13,194
- Trade debts -€3,283
down €3,283 (-5.8%), from €56,930 to €53,647
- Gross operating margin -€84,785
down €84,785 (-87.3%), from €97,169 to €12,384
- Staff costs -€22,607
down €22,607 (-40.8%), from €55,343 to €32,736
- Financial income +€2,110
up €2,110 (+212%), from €995 to €3,105
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,363 | €127,593 | -€13,770 | -9.7% |
| Fixed assets | 21/28 | €21,558 | €18,557 | -€3,001 | -13.9% |
| Intangible fixed assets | 21 | €8,000 | €7,000 | -€1,000 | -12.5% |
| Tangible fixed assets | 22/27 | €11,428 | €10,627 | -€801 | -7.0% |
| Plant, machinery and equipment | 23 | €368 | €1,256 | +€888 | +241% |
| Furniture and vehicles | 24 | €923 | €1,112 | +€189 | +20.5% |
| Other tangible fixed assets | 26 | €10,137 | €8,259 | -€1,878 | -18.5% |
| Financial fixed assets | 28 | €2,130 | €930 | -€1,200 | -56.3% |
| Current assets | 29/58 | €119,805 | €109,036 | -€10,769 | -9.0% |
| Stocks and contracts in progress | 3 | €36,598 | €58,215 | +€21,617 | +59.1% |
| Stocks | 30/36 | €29,500 | €33,000 | +€3,500 | +11.9% |
| Contracts in progress | 37 | €7,098 | €25,215 | +€18,117 | +255% |
| Amounts receivable within one year | 40/41 | €60,569 | €42,326 | -€18,243 | -30.1% |
| Trade receivables | 40 | €34,299 | €28,452 | -€5,847 | -17.0% |
| Other amounts receivable | 41 | €26,270 | €13,874 | -€12,396 | -47.2% |
| Cash at bank and in hand | 54/58 | €20,738 | €7,083 | -€13,655 | -65.8% |
| Deferred charges and accrued income | 490/1 | €1,901 | €1,412 | -€489 | -25.7% |
| Total equity and liabilities | 10/49 | €141,363 | €127,593 | -€13,770 | -9.7% |
| Equity | 10/15 | €24,102 | €120 | -€23,981 | -99.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,402 | -€7,580 | -€23,981 | |
| Amounts payable | 17/49 | €117,261 | €127,472 | +€10,211 | +8.7% |
| Amounts payable within one year | 42/48 | €112,933 | €123,392 | +€10,459 | +9.3% |
| Financial debts | 43 | €25,000 | €25,341 | +€341 | +1.4% |
| Credit institutions | 430/8 | €25,000 | €25,341 | +€341 | +1.4% |
| Trade debts | 44 | €56,930 | €53,647 | -€3,283 | -5.8% |
| Suppliers | 440/4 | €56,930 | €53,647 | -€3,283 | -5.8% |
| Advances received on contracts in progress | 46 | - | €13,194 | +€13,194 | |
| Taxes, remuneration and social security | 45 | €13,686 | €14,780 | +€1,094 | +8.0% |
| Taxes | 450/3 | €3,197 | €6,468 | +€3,271 | +102% |
| Remuneration and social security | 454/9 | €10,489 | €8,311 | -€2,178 | -20.8% |
| Other amounts payable | 47/48 | €17,317 | €16,430 | -€887 | -5.1% |
| Accrued charges and deferred income | 492/3 | €4,329 | €4,080 | -€248 | -5.7% |
| Remuneration, social security and pensions | 62 | €55,343 | €32,736 | -€22,607 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,257 | €3,685 | -€572 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€68 | - | +€68 | |
| Other operating charges | 640/8 | €695 | €272 | -€423 | -60.9% |
| Gross operating margin | 9900 | €97,169 | €12,384 | -€84,785 | -87.3% |
| Operating profit (loss) | 9901 | €36,941 | -€24,310 | -€61,251 | |
| Financial income | 75/76B | €995 | €3,105 | +€2,110 | +212% |
| Recurring financial income | 75 | €995 | €3,105 | +€2,110 | +212% |
| Financial charges | 65/66B | €3,658 | €2,773 | -€885 | -24.2% |
| Recurring financial charges | 65 | €3,658 | €2,773 | -€885 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €34,278 | -€23,977 | -€58,255 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | €34,278 | -€23,981 | -€58,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,278 | -€23,981 | -€58,260 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.