W.E. ELECTRICK: 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.
W.E. ELECTRICK
Largest movements
- Tangible fixed assets +€51,915
up €51,915 (+50.8%), from €102,292 to €154,207
of which Furniture and vehicles: +€56,741
- Cash -€19,911
down €19,911 (-46.8%), from €42,544 to €22,633
mainly Investment in fixed assets (net) (-€80,718) and Contributions, distributions and other (-€46,000)
- Receivables after one year -€12,990
down €12,990 (-37.8%), from €34,407 to €21,417
- Stocks and contracts +€6,750
up €6,750 (+900.0%), from €750 to €7,500
of which Contracts in progress: +€4,500
- Receivables within one year +€6,524
up €6,524 (+32.2%), from €20,258 to €26,782
of which Trade receivables: +€5,091
- Debts after one year +€62,678
up €62,678 (+864.0%), from €7,255 to €69,933
- Reserves -€46,640
down €46,640 (-33.3%), from €140,031 to €93,391
of which Distributable reserves: -€46,000
- Other debts +€25,721
up €25,721 (+123.5%), from €20,822 to €46,543
- Profit (loss) carried forward -€23,933
down €23,933, from €3,012 to -€20,921
- Current portion of long-term debt +€18,776
up €18,776 (+261.4%), from €7,184 to €25,960
- Gross operating margin -€119,788
down €119,788 (-89.1%), from €134,455 to €14,668
- Taxes -€27,447
down €27,447 (-99.4%), from €27,604 to €157
- Financial income -€2,687
down €2,687 (-59.5%), from €4,519 to €1,832
- Financial charges +€1,948
up €1,948 (+751.1%), from €259 to €2,208
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 | €204,150 | €239,197 | +€35,047 | +17.2% |
| Fixed assets | 21/28 | €102,292 | €154,207 | +€51,915 | +50.8% |
| Tangible fixed assets | 22/27 | €102,292 | €154,207 | +€51,915 | +50.8% |
| Plant, machinery and equipment | 23 | €21,182 | €18,872 | -€2,310 | -10.9% |
| Furniture and vehicles | 24 | €63,462 | €120,202 | +€56,741 | +89.4% |
| Other tangible fixed assets | 26 | €17,648 | €15,133 | -€2,515 | -14.3% |
| Current assets | 29/58 | €101,859 | €84,991 | -€16,868 | -16.6% |
| Amounts receivable after more than one year | 29 | €34,407 | €21,417 | -€12,990 | -37.8% |
| Other amounts receivable | 291 | €34,407 | €21,417 | -€12,990 | -37.8% |
| Stocks and contracts in progress | 3 | €750 | €7,500 | +€6,750 | +900.0% |
| Stocks | 30/36 | €750 | €3,000 | +€2,250 | +300.0% |
| Contracts in progress | 37 | - | €4,500 | +€4,500 | |
| Amounts receivable within one year | 40/41 | €20,258 | €26,782 | +€6,524 | +32.2% |
| Trade receivables | 40 | €9,689 | €14,781 | +€5,091 | +52.5% |
| Other amounts receivable | 41 | €10,569 | €12,001 | +€1,433 | +13.6% |
| Cash at bank and in hand | 54/58 | €42,544 | €22,633 | -€19,911 | -46.8% |
| Deferred charges and accrued income | 490/1 | €3,900 | €6,659 | +€2,759 | +70.7% |
| Total equity and liabilities | 10/49 | €204,150 | €239,197 | +€35,047 | +17.2% |
| Equity | 10/15 | €161,635 | €91,062 | -€70,573 | -43.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €140,031 | €93,391 | -€46,640 | -33.3% |
| Tax-exempt reserves | 132 | €1,031 | €391 | -€640 | -62.1% |
| Distributable reserves | 133 | €139,000 | €93,000 | -€46,000 | -33.1% |
| Profit (loss) carried forward | 14 | €3,012 | -€20,921 | -€23,933 | |
| Provisions and deferred taxes | 16 | €258 | €98 | -€160 | -62.1% |
| Deferred taxes | 168 | €258 | €98 | -€160 | -62.1% |
| Amounts payable | 17/49 | €42,258 | €148,038 | +€105,780 | +250.3% |
| Amounts payable after more than one year | 17 | €7,255 | €69,933 | +€62,678 | +864.0% |
| Financial debts | 170/4 | €7,255 | €69,933 | +€62,678 | +864.0% |
| Amounts payable within one year | 42/48 | €35,003 | €78,105 | +€43,102 | +123.1% |
| Current portion of amounts payable after more than one year | 42 | €7,184 | €25,960 | +€18,776 | +261.4% |
| Trade debts | 44 | €6,188 | €4,593 | -€1,595 | -25.8% |
| Suppliers | 440/4 | €6,188 | €4,593 | -€1,595 | -25.8% |
| Taxes, remuneration and social security | 45 | €809 | €1,009 | +€200 | +24.7% |
| Taxes | 450/3 | €809 | €1,009 | +€200 | +24.7% |
| Other amounts payable | 47/48 | €20,822 | €46,543 | +€25,721 | +123.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,624 | €28,803 | +€180 | +0.6% |
| Other operating charges | 640/8 | €2,033 | €1,453 | -€580 | -28.5% |
| Non-recurring operating charges | 66A | €1,227 | €8,612 | +€7,384 | +601.6% |
| Gross operating margin | 9900 | €134,455 | €14,668 | -€119,788 | -89.1% |
| Operating profit (loss) | 9901 | €102,571 | -€24,200 | -€126,771 | |
| Financial income | 75/76B | €4,519 | €1,832 | -€2,687 | -59.5% |
| Recurring financial income | 75 | €4,519 | €1,832 | -€2,687 | -59.5% |
| Financial charges | 65/66B | €259 | €2,208 | +€1,948 | +751.1% |
| Recurring financial charges | 65 | €259 | €2,208 | +€1,948 | +751.1% |
| Profit (loss) for the period before taxes | 9903 | €106,831 | -€24,576 | -€131,406 | |
| Transfer from deferred taxes | 780 | €160 | €160 | = | 0.0% |
| Income taxes | 67/77 | €27,604 | €157 | -€27,447 | -99.4% |
| Profit (loss) for the period | 9904 | €79,387 | -€24,573 | -€103,960 | |
| Transfer from tax-exempt reserves | 789 | €640 | €640 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,027 | -€23,933 | -€103,960 |
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 1 October 2026 via checked.be.