MASTER 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.
MASTER ELEKTRO
Largest movements
- Cash +€29,217
up €29,217 (+544.7%), from €5,364 to €34,581
mainly Trade debts (+€32,038) and Net result for the year (+€27,508)
- Tangible fixed assets +€27,465
up €27,465 (+100.9%), from €27,207 to €54,672
of which Furniture and vehicles: +€26,397
- Receivables within one year +€7,662
up €7,662 (+13.2%), from €58,047 to €65,709
of which Trade receivables: +€8,430
- Trade debts +€32,038
up €32,038 (+76371.8%), from €42 to €32,080
- Reserves +€27,508
up €27,508 (+33.7%), from €81,691 to €109,199
- Tax, wage and social debts +€3,737
up €3,737 (+53.8%), from €6,946 to €10,683
- Gross operating margin +€34,906
up €34,906 (+214.7%), from €16,259 to €51,164
- Taxes +€8,970
up €8,970 (+523.7%), from €1,713 to €10,683
- Other operating charges -€4,500
down €4,500 (-97.8%), from €4,603 to €103
- Depreciation +€3,944
up €3,944 (+85.9%), from €4,590 to €8,533
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.
Cash bridge derived
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 | €91,679 | €154,962 | +€63,283 | +69.0% |
| Fixed assets | 21/28 | €27,207 | €54,672 | +€27,465 | +100.9% |
| Tangible fixed assets | 22/27 | €27,207 | €54,672 | +€27,465 | +100.9% |
| Plant, machinery and equipment | 23 | €1,940 | €3,008 | +€1,068 | +55.1% |
| Furniture and vehicles | 24 | €25,267 | €51,664 | +€26,397 | +104.5% |
| Current assets | 29/58 | €64,472 | €100,290 | +€35,818 | +55.6% |
| Amounts receivable within one year | 40/41 | €58,047 | €65,709 | +€7,662 | +13.2% |
| Trade receivables | 40 | €48,878 | €57,308 | +€8,430 | +17.2% |
| Other amounts receivable | 41 | €9,169 | €8,401 | -€768 | -8.4% |
| Cash at bank and in hand | 54/58 | €5,364 | €34,581 | +€29,217 | +544.7% |
| Deferred charges and accrued income | 490/1 | €1,061 | - | -€1,061 | |
| Total equity and liabilities | 10/49 | €91,679 | €154,962 | +€63,283 | +69.0% |
| Equity | 10/15 | €84,691 | €112,199 | +€27,508 | +32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,691 | €109,199 | +€27,508 | +33.7% |
| Distributable reserves | 133 | €81,691 | €109,199 | +€27,508 | +33.7% |
| Amounts payable | 17/49 | €6,988 | €42,763 | +€35,775 | +511.9% |
| Amounts payable within one year | 42/48 | €6,988 | €42,763 | +€35,775 | +511.9% |
| Trade debts | 44 | €42 | €32,080 | +€32,038 | +76371.8% |
| Suppliers | 440/4 | €42 | €32,080 | +€32,038 | +76371.8% |
| Taxes, remuneration and social security | 45 | €6,946 | €10,683 | +€3,737 | +53.8% |
| Taxes | 450/3 | €6,946 | €10,683 | +€3,737 | +53.8% |
| Non-recurring operating income | 76A | €3,750 | - | -€3,750 | |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,590 | €8,533 | +€3,944 | +85.9% |
| Other operating charges | 640/8 | €4,603 | €103 | -€4,500 | -97.8% |
| Non-recurring operating charges | 66A | - | €3,750 | +€3,750 | |
| Gross operating margin | 9900 | €16,259 | €51,164 | +€34,906 | +214.7% |
| Operating profit (loss) | 9901 | €6,815 | €38,778 | +€31,962 | +469.0% |
| Financial income | 75/76B | €113 | €315 | +€202 | +178.0% |
| Recurring financial income | 75 | €113 | €315 | +€202 | +178.0% |
| Financial charges | 65/66B | €1,188 | €902 | -€286 | -24.1% |
| Recurring financial charges | 65 | €1,188 | €902 | -€286 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €5,741 | €38,191 | +€32,450 | +565.3% |
| Income taxes | 67/77 | €1,713 | €10,683 | +€8,970 | +523.7% |
| Profit (loss) for the period | 9904 | €4,028 | €27,508 | +€23,480 | +582.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,028 | €27,508 | +€23,480 | +582.9% |
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 10 October 2026 via checked.be.