WR ELEK: 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.
WR ELEK
Largest movements
- Tangible fixed assets +€26,477
up €26,477 (+441%), from €6,007 to €32,484
of which Furniture and vehicles: +€25,752
- Cash -€5,376
down €5,376 (-13.2%), from €40,715 to €35,339
mainly Investment in fixed assets (net) (-€33,745) and Tax, wage and social debts (-€14,527)
- Receivables within one year +€3,675
up €3,675 (+17.9%), from €20,493 to €24,168
of which Other amounts receivable: +€11,987
- Deferred charges and accrued income +€1,654
new in 2025: €1,654
- Stocks and contracts +€1,254
new in 2025: €1,254
- Profit (loss) carried forward +€16,754
up €16,754 (+36.8%), from €45,495 to €62,249
- Debts after one year +€15,085
new in 2025: €15,085
- Tax, wage and social debts -€14,527
down €14,527 (-90.6%), from €16,037 to €1,511
of which Taxes: -€14,502
- Trade debts +€6,674
up €6,674 (+167%), from €3,993 to €10,667
- Current portion of long-term debt +€4,388
new in 2025: €4,388
- Gross operating margin -€7,229
down €7,229 (-19.1%), from €37,869 to €30,640
- Taxes -€4,358
down €4,358 (-49.1%), from €8,883 to €4,525
- Depreciation +€4,078
up €4,078 (+128%), from €3,189 to €7,267
- Financial charges +€972
up €972 (+17,832%), from €5 to €977
- Financial income +€458
up €458 (+3,967%), from €12 to €470
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.
Derived cash bridge
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 | €67,215 | €94,899 | +€27,684 | +41.2% |
| Fixed assets | 21/28 | €6,007 | €32,484 | +€26,477 | +441% |
| Tangible fixed assets | 22/27 | €6,007 | €32,484 | +€26,477 | +441% |
| Plant, machinery and equipment | 23 | €1,049 | €1,774 | +€726 | +69.2% |
| Furniture and vehicles | 24 | €4,958 | €30,710 | +€25,752 | +519% |
| Current assets | 29/58 | €61,208 | €62,415 | +€1,207 | +2.0% |
| Stocks and contracts in progress | 3 | - | €1,254 | +€1,254 | |
| Stocks | 30/36 | - | €1,254 | +€1,254 | |
| Amounts receivable within one year | 40/41 | €20,493 | €24,168 | +€3,675 | +17.9% |
| Trade receivables | 40 | €20,493 | €12,181 | -€8,312 | -40.6% |
| Other amounts receivable | 41 | - | €11,987 | +€11,987 | |
| Cash at bank and in hand | 54/58 | €40,715 | €35,339 | -€5,376 | -13.2% |
| Deferred charges and accrued income | 490/1 | - | €1,654 | +€1,654 | |
| Total equity and liabilities | 10/49 | €67,215 | €94,899 | +€27,684 | +41.2% |
| Equity | 10/15 | €46,495 | €63,249 | +€16,754 | +36.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,495 | €62,249 | +€16,754 | +36.8% |
| Amounts payable | 17/49 | €20,720 | €31,650 | +€10,930 | +52.8% |
| Amounts payable after more than one year | 17 | - | €15,085 | +€15,085 | |
| Financial debts | 170/4 | - | €15,085 | +€15,085 | |
| Amounts payable within one year | 42/48 | €20,335 | €16,566 | -€3,769 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,388 | +€4,388 | |
| Trade debts | 44 | €3,993 | €10,667 | +€6,674 | +167% |
| Suppliers | 440/4 | €3,993 | €10,667 | +€6,674 | +167% |
| Taxes, remuneration and social security | 45 | €16,037 | €1,511 | -€14,527 | -90.6% |
| Taxes | 450/3 | €14,502 | - | -€14,502 | |
| Remuneration and social security | 454/9 | €1,535 | €1,511 | -€24 | -1.6% |
| Other amounts payable | 47/48 | €304 | - | -€304 | |
| Accrued charges and deferred income | 492/3 | €385 | - | -€385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,189 | €7,267 | +€4,078 | +128% |
| Other operating charges | 640/8 | €325 | €346 | +€21 | +6.4% |
| Non-recurring operating charges | 66A | - | €1,239 | +€1,239 | |
| Gross operating margin | 9900 | €37,869 | €30,640 | -€7,229 | -19.1% |
| Operating profit (loss) | 9901 | €34,354 | €21,786 | -€12,567 | -36.6% |
| Financial income | 75/76B | €12 | €470 | +€458 | +3,967% |
| Recurring financial income | 75 | €12 | €470 | +€458 | +3,967% |
| Financial charges | 65/66B | €5 | €977 | +€972 | +17,832% |
| Recurring financial charges | 65 | €5 | €977 | +€972 | +17,832% |
| Profit (loss) for the period before taxes | 9903 | €34,360 | €21,279 | -€13,081 | -38.1% |
| Income taxes | 67/77 | €8,883 | €4,525 | -€4,358 | -49.1% |
| Profit (loss) for the period | 9904 | €25,477 | €16,754 | -€8,723 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,477 | €16,754 | -€8,723 | -34.2% |
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 23 October 2026 via checked.be.