MODUL - ELEC: what changed
Two fiscal 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.
MODUL - ELEC
Largest movements
- Receivables within one year +€4,672
up €4,672 (+6.5%), from €71,735 to €76,407
of which Other amounts receivable: +€4,691
- Profit (loss) carried forward +€14,819
up €14,819 (+19.3%), from €76,788 to €91,607
- Trade debts -€7,998
down €7,998 (-55.1%), from €14,514 to €6,516
of which Suppliers: -€8,898
- Short-term financial debts -€4,638
down €4,638 (-30.4%), from €15,262 to €10,624
- Advances received +€2,490
up €2,490 (+99.6%), from €2,500 to €4,990
- Gross operating margin -€9,374
down €9,374 (-38.0%), from €24,653 to €15,279
- Taxes -€4,463
down €4,463, from €1,946 to -€2,518
- Financial charges +€562
up €562 (+49.8%), from €1,129 to €1,691
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,965 | €134,637 | +€4,672 | +3.6% |
| Fixed assets | 21/28 | €230 | €230 | = | 0.0% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €129,735 | €134,407 | +€4,672 | +3.6% |
| Amounts receivable after more than one year | 29 | €58,000 | €58,000 | = | 0.0% |
| Other amounts receivable | 291 | €58,000 | €58,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,735 | €76,407 | +€4,672 | +6.5% |
| Trade receivables | 40 | €35,012 | €34,993 | -€19 | -0.1% |
| Other amounts receivable | 41 | €36,722 | €41,414 | +€4,691 | +12.8% |
| Total equity and liabilities | 10/49 | €129,965 | €134,637 | +€4,672 | +3.6% |
| Equity | 10/15 | €97,688 | €112,507 | +€14,819 | +15.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,788 | €91,607 | +€14,819 | +19.3% |
| Amounts payable | 17/49 | €32,276 | €22,130 | -€10,146 | -31.4% |
| Amounts payable within one year | 42/48 | €32,276 | €22,130 | -€10,146 | -31.4% |
| Financial debts | 43 | €15,262 | €10,624 | -€4,638 | -30.4% |
| Credit institutions | 430/8 | €15,262 | €10,624 | -€4,638 | -30.4% |
| Trade debts | 44 | €14,514 | €6,516 | -€7,998 | -55.1% |
| Suppliers | 440/4 | €14,514 | €5,616 | -€8,898 | -61.3% |
| Bills of exchange payable | 441 | - | €900 | +€900 | |
| Advances received on contracts in progress | 46 | €2,500 | €4,990 | +€2,490 | +99.6% |
| Other operating charges | 640/8 | €1,140 | €1,286 | +€146 | +12.8% |
| Gross operating margin | 9900 | €24,653 | €15,279 | -€9,374 | -38.0% |
| Operating profit (loss) | 9901 | €23,513 | €13,992 | -€9,520 | -40.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,129 | €1,691 | +€562 | +49.8% |
| Recurring financial charges | 65 | €1,129 | €1,691 | +€562 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €22,386 | €12,301 | -€10,085 | -45.0% |
| Income taxes | 67/77 | €1,946 | -€2,518 | -€4,463 | |
| Profit (loss) for the period | 9904 | €20,440 | €14,819 | -€5,621 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,440 | €14,819 | -€5,621 | -27.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.