SZ ELECTRICITE: what changed
SZ ELECTRICITE
Largest movements
- Tangible fixed assets -€5,164
down €5,164 (-22.8%), from €22,664 to €17,501
of which Furniture and vehicles: -€3,600
- Receivables within one year -€633
down €633 (-51.1%), from €1,238 to €605
- Profit (loss) carried forward -€12,674
down €12,674 (-60.7%), from -€20,875 to -€33,548
- Other debts +€6,406
up €6,406 (+24.4%), from €26,277 to €32,683
- Trade debts +€473
up €473 (+1.8%), from €26,750 to €27,223
- Purchases and services -€26,963
down €26,963 (-75.2%), from €35,859 to €8,896
- Turnover -€17,818
down €17,818 (-92.0%), from €19,358 to €1,540
- Gross operating margin +€9,145
up €9,145 (+55.4%), from -€16,501 to -€7,356
- Depreciation +€2,009
up €2,009 (+63.7%), from €3,155 to €5,164
- Other operating charges -€1,154
no longer reported in 2025 (was €1,154)
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 | €34,153 | €28,357 | -€5,795 | -17.0% |
| Fixed assets | 21/28 | €22,664 | €17,501 | -€5,164 | -22.8% |
| Tangible fixed assets | 22/27 | €22,664 | €17,501 | -€5,164 | -22.8% |
| Plant, machinery and equipment | 23 | €6,864 | €5,300 | -€1,564 | -22.8% |
| Furniture and vehicles | 24 | €15,801 | €12,201 | -€3,600 | -22.8% |
| Current assets | 29/58 | €11,488 | €10,857 | -€631 | -5.5% |
| Stocks and contracts in progress | 3 | €10,250 | €10,250 | = | 0.0% |
| Stocks | 30/36 | €10,250 | €10,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,238 | €605 | -€633 | -51.1% |
| Other amounts receivable | 41 | €1,238 | €605 | -€633 | -51.1% |
| Cash at bank and in hand | 54/58 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €34,153 | €28,357 | -€5,795 | -17.0% |
| Equity | 10/15 | -€18,875 | -€31,548 | -€12,674 | -67.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,875 | -€33,548 | -€12,674 | -60.7% |
| Amounts payable | 17/49 | €53,027 | €59,906 | +€6,879 | +13.0% |
| Amounts payable within one year | 42/48 | €53,027 | €59,906 | +€6,879 | +13.0% |
| Trade debts | 44 | €26,750 | €27,223 | +€473 | +1.8% |
| Suppliers | 440/4 | €26,750 | €27,223 | +€473 | +1.8% |
| Other amounts payable | 47/48 | €26,277 | €32,683 | +€6,406 | +24.4% |
| Turnover | 70 | €19,358 | €1,540 | -€17,818 | -92.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,859 | €8,896 | -€26,963 | -75.2% |
| Remuneration, social security and pensions | 62 | €64 | €38 | -€26 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,155 | €5,164 | +€2,009 | +63.7% |
| Other operating charges | 640/8 | €1,154 | - | -€1,154 | |
| Gross operating margin | 9900 | -€16,501 | -€7,356 | +€9,145 | +55.4% |
| Operating profit (loss) | 9901 | -€20,875 | -€12,558 | +€8,317 | +39.8% |
| Financial charges | 65/66B | - | €116 | +€116 | |
| Recurring financial charges | 65 | - | €116 | +€116 | |
| Profit (loss) for the period before taxes | 9903 | -€20,875 | -€12,674 | +€8,201 | +39.3% |
| Profit (loss) for the period | 9904 | -€20,875 | -€12,674 | +€8,201 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,875 | -€12,674 | +€8,201 | +39.3% |
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 4 November 2026 via checked.be.