RZ ELECTRIC: what changed
RZ ELECTRIC
Largest movements
- Stocks and contracts +€10,830
new in 2025: €10,830
- Tangible fixed assets -€9,934
down €9,934 (-76.9%), from €12,919 to €2,985
of which Furniture and vehicles: -€9,483
- Receivables within one year +€9,510
up €9,510 (+43.8%), from €21,728 to €31,238
of which Trade receivables: +€14,401
- Cash +€3,103
up €3,103 (+10.2%), from €30,419 to €33,522
mainly Contributions, distributions and other (+€16,108) and Net result for the year (+€8,471)
- Profit (loss) carried forward +€24,579
up €24,579 (+75.7%), from €32,474 to €57,053
- Other debts -€12,205
no longer reported in 2025 (was €12,205)
- Debts after one year -€3,651
down €3,651 (-45.8%), from €7,980 to €4,329
- Tax, wage and social debts +€3,444
up €3,444 (+58.3%), from €5,909 to €9,353
of which Taxes: +€3,087
- Trade debts +€1,896
up €1,896 (+53.6%), from €3,538 to €5,434
- Purchases and services -€126,613
no longer reported in 2025 (was €126,613)
- Depreciation -€1,192
down €1,192 (-17.8%), from €6,702 to €5,510
- Gross operating margin -€905
down €905 (-3.0%), from €30,036 to €29,131
- Staff costs +€843
new in 2025: €843
- Taxes -€681
down €681 (-11.8%), from €5,792 to €5,111
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,341 | €79,854 | +€13,513 | +20.4% |
| Fixed assets | 21/28 | €12,919 | €2,985 | -€9,934 | -76.9% |
| Tangible fixed assets | 22/27 | €12,919 | €2,985 | -€9,934 | -76.9% |
| Plant, machinery and equipment | 23 | €1,238 | €788 | -€450 | -36.4% |
| Furniture and vehicles | 24 | €11,680 | €2,197 | -€9,483 | -81.2% |
| Current assets | 29/58 | €53,423 | €76,869 | +€23,446 | +43.9% |
| Stocks and contracts in progress | 3 | - | €10,830 | +€10,830 | |
| Stocks | 30/36 | - | €10,830 | +€10,830 | |
| Amounts receivable within one year | 40/41 | €21,728 | €31,238 | +€9,510 | +43.8% |
| Trade receivables | 40 | €10,162 | €24,563 | +€14,401 | +142% |
| Other amounts receivable | 41 | €11,566 | €6,675 | -€4,891 | -42.3% |
| Cash at bank and in hand | 54/58 | €30,419 | €33,522 | +€3,103 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,276 | €1,279 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €66,341 | €79,854 | +€13,513 | +20.4% |
| Equity | 10/15 | €32,475 | €57,054 | +€24,579 | +75.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,474 | €57,053 | +€24,579 | +75.7% |
| Amounts payable | 17/49 | €33,867 | €22,800 | -€11,067 | -32.7% |
| Amounts payable after more than one year | 17 | €7,980 | €4,329 | -€3,651 | -45.8% |
| Financial debts | 170/4 | €7,980 | €4,329 | -€3,651 | -45.8% |
| Amounts payable within one year | 42/48 | €25,887 | €18,471 | -€7,416 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €3,400 | €3,684 | +€284 | +8.4% |
| Trade debts | 44 | €3,538 | €5,434 | +€1,896 | +53.6% |
| Suppliers | 440/4 | €3,538 | €5,434 | +€1,896 | +53.6% |
| Advances received on contracts in progress | 46 | €835 | - | -€835 | |
| Taxes, remuneration and social security | 45 | €5,909 | €9,353 | +€3,444 | +58.3% |
| Taxes | 450/3 | €5,909 | €8,996 | +€3,087 | +52.2% |
| Remuneration and social security | 454/9 | - | €357 | +€357 | |
| Other amounts payable | 47/48 | €12,205 | - | -€12,205 | |
| Goods, raw materials, services and sundry goods | 60/61 | €126,613 | - | -€126,613 | |
| Remuneration, social security and pensions | 62 | - | €843 | +€843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,702 | €5,510 | -€1,192 | -17.8% |
| Other operating charges | 640/8 | €2,782 | €3,103 | +€321 | +11.5% |
| Non-recurring operating charges | 66A | - | €5,485 | +€5,485 | |
| Gross operating margin | 9900 | €30,036 | €29,131 | -€905 | -3.0% |
| Operating profit (loss) | 9901 | €20,552 | €14,190 | -€6,362 | -31.0% |
| Financial income | 75/76B | €0 | €190 | +€190 | +379,900% |
| Recurring financial income | 75 | €0 | €190 | +€190 | +379,900% |
| Financial charges | 65/66B | €863 | €798 | -€65 | -7.5% |
| Recurring financial charges | 65 | €863 | €798 | -€65 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €19,689 | €13,582 | -€6,107 | -31.0% |
| Income taxes | 67/77 | €5,792 | €5,111 | -€681 | -11.8% |
| Profit (loss) for the period | 9904 | €13,897 | €8,471 | -€5,426 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,897 | €8,471 | -€5,426 | -39.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.