LT-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.
LT-ELEC
Largest movements
- Cash +€50,251
up €50,251 (+13.6%), from €370,641 to €420,892
mainly Net result for the year (+€91,302) and Depreciation (+€31,873)
- Reserves +€35,000
up €35,000 (+8.0%), from €434,860 to €469,860
of which Distributable reserves: +€35,000
- Other debts +€29,808
up €29,808 (+118%), from €25,214 to €55,022
- Tax, wage and social debts +€25,481
up €25,481 (+50.3%), from €50,646 to €76,127
of which Remuneration and social security: +€19,717
- Trade debts -€17,731
down €17,731 (-24.2%), from €73,205 to €55,474
- Debts after one year -€14,788
no longer reported in 2025 (was €14,788)
- Staff costs +€59,050
up €59,050 (+21.6%), from €273,955 to €333,005
- Gross operating margin +€23,568
up €23,568 (+4.9%), from €476,339 to €499,907
- Other operating charges +€7,384
up €7,384 (+897%), from €824 to €8,207
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 | €775,221 | €829,643 | +€54,421 | +7.0% |
| Fixed assets | 21/28 | €93,976 | €92,439 | -€1,537 | -1.6% |
| Tangible fixed assets | 22/27 | €92,296 | €90,759 | -€1,537 | -1.7% |
| Land and buildings | 22 | €30,451 | €54,515 | +€24,064 | +79.0% |
| Plant, machinery and equipment | 23 | €8,944 | €6,065 | -€2,879 | -32.2% |
| Furniture and vehicles | 24 | €52,901 | €30,179 | -€22,722 | -43.0% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €681,245 | €737,203 | +€55,958 | +8.2% |
| Stocks and contracts in progress | 3 | - | €7,522 | +€7,522 | |
| Stocks | 30/36 | - | €7,522 | +€7,522 | |
| Amounts receivable within one year | 40/41 | €302,028 | €298,963 | -€3,065 | -1.0% |
| Trade receivables | 40 | €283,163 | €276,995 | -€6,168 | -2.2% |
| Other amounts receivable | 41 | €18,865 | €21,968 | +€3,103 | +16.4% |
| Cash at bank and in hand | 54/58 | €370,641 | €420,892 | +€50,251 | +13.6% |
| Deferred charges and accrued income | 490/1 | €8,576 | €9,826 | +€1,250 | +14.6% |
| Total equity and liabilities | 10/49 | €775,221 | €829,643 | +€54,421 | +7.0% |
| Equity | 10/15 | €591,930 | €628,231 | +€36,302 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €434,860 | €469,860 | +€35,000 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €433,000 | €468,000 | +€35,000 | +8.1% |
| Profit (loss) carried forward | 14 | €150,870 | €152,171 | +€1,302 | +0.9% |
| Amounts payable | 17/49 | €183,292 | €201,411 | +€18,119 | +9.9% |
| Amounts payable after more than one year | 17 | €14,788 | - | -€14,788 | |
| Financial debts | 170/4 | €14,788 | - | -€14,788 | |
| Amounts payable within one year | 42/48 | €168,504 | €201,411 | +€32,908 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €19,438 | €14,788 | -€4,650 | -23.9% |
| Trade debts | 44 | €73,205 | €55,474 | -€17,731 | -24.2% |
| Suppliers | 440/4 | €73,205 | €55,474 | -€17,731 | -24.2% |
| Taxes, remuneration and social security | 45 | €50,646 | €76,127 | +€25,481 | +50.3% |
| Taxes | 450/3 | €13,856 | €19,619 | +€5,764 | +41.6% |
| Remuneration and social security | 454/9 | €36,791 | €56,508 | +€19,717 | +53.6% |
| Other amounts payable | 47/48 | €25,214 | €55,022 | +€29,808 | +118% |
| Remuneration, social security and pensions | 62 | €273,955 | €333,005 | +€59,050 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,368 | €31,873 | -€496 | -1.5% |
| Other operating charges | 640/8 | €824 | €8,207 | +€7,384 | +897% |
| Non-recurring operating charges | 66A | €213 | €143 | -€70 | -32.7% |
| Gross operating margin | 9900 | €476,339 | €499,907 | +€23,568 | +4.9% |
| Operating profit (loss) | 9901 | €168,979 | €126,679 | -€42,300 | -25.0% |
| Financial income | 75/76B | €685 | €2,358 | +€1,673 | +244% |
| Recurring financial income | 75 | €685 | €2,358 | +€1,673 | +244% |
| Financial charges | 65/66B | €1,601 | €2,359 | +€758 | +47.3% |
| Recurring financial charges | 65 | €1,601 | €2,359 | +€758 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €168,063 | €126,677 | -€41,385 | -24.6% |
| Income taxes | 67/77 | €39,205 | €35,376 | -€3,830 | -9.8% |
| Profit (loss) for the period | 9904 | €128,857 | €91,302 | -€37,555 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,857 | €91,302 | -€37,555 | -29.1% |
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 16 October 2026 via checked.be.