WS ELECTRICITE: 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.
WS ELECTRICITE
Largest movements
- Tangible fixed assets +€68,029
up €68,029 (+44.5%), from €152,959 to €220,989
of which Furniture and vehicles: +€53,076
- Cash +€36,691
up €36,691 (+36.4%), from €100,671 to €137,362
mainly Net result for the year (+€88,738) and Trade debts (+€77,325)
- Receivables within one year +€17,524
up €17,524 (+87.1%), from €20,120 to €37,644
of which Other amounts receivable: +€8,764
- Profit (loss) carried forward +€88,738
up €88,738 (+56.5%), from €157,189 to €245,927
- Trade debts +€77,325
up €77,325 (+325%), from €23,807 to €101,132
- Other debts -€27,198
down €27,198 (-100%), from €27,198 to €0
- Debts after one year -€7,081
down €7,081 (-63.5%), from €11,156 to €4,075
- Current portion of long-term debt -€5,043
down €5,043 (-41.6%), from €12,124 to €7,081
- Gross operating margin +€98,012
up €98,012 (+193%), from €50,915 to €148,927
- Taxes +€26,044
up €26,044 (+531%), from €4,909 to €30,953
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 | €276,755 | €401,796 | +€125,041 | +45.2% |
| Fixed assets | 21/28 | €152,959 | €220,989 | +€68,029 | +44.5% |
| Tangible fixed assets | 22/27 | €152,959 | €220,989 | +€68,029 | +44.5% |
| Land and buildings | 22 | €103,767 | €96,131 | -€7,636 | -7.4% |
| Plant, machinery and equipment | 23 | €29,142 | €51,731 | +€22,589 | +77.5% |
| Furniture and vehicles | 24 | €20,050 | €73,126 | +€53,076 | +265% |
| Current assets | 29/58 | €123,796 | €180,807 | +€57,011 | +46.1% |
| Amounts receivable within one year | 40/41 | €20,120 | €37,644 | +€17,524 | +87.1% |
| Trade receivables | 40 | €4,699 | €13,460 | +€8,760 | +186% |
| Other amounts receivable | 41 | €15,421 | €24,185 | +€8,764 | +56.8% |
| Cash at bank and in hand | 54/58 | €100,671 | €137,362 | +€36,691 | +36.4% |
| Deferred charges and accrued income | 490/1 | €3,004 | €5,800 | +€2,796 | +93.1% |
| Total equity and liabilities | 10/49 | €276,755 | €401,796 | +€125,041 | +45.2% |
| Equity | 10/15 | €200,770 | €289,508 | +€88,738 | +44.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,581 | €23,581 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,581 | €21,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,189 | €245,927 | +€88,738 | +56.5% |
| Amounts payable | 17/49 | €75,985 | €112,288 | +€36,303 | +47.8% |
| Amounts payable after more than one year | 17 | €11,156 | €4,075 | -€7,081 | -63.5% |
| Financial debts | 170/4 | €11,156 | €4,075 | -€7,081 | -63.5% |
| Amounts payable within one year | 42/48 | €64,830 | €108,213 | +€43,383 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €12,124 | €7,081 | -€5,043 | -41.6% |
| Trade debts | 44 | €23,807 | €101,132 | +€77,325 | +325% |
| Suppliers | 440/4 | €23,807 | €101,132 | +€77,325 | +325% |
| Taxes, remuneration and social security | 45 | €1,700 | €0 | -€1,700 | -100% |
| Remuneration and social security | 454/9 | €1,700 | €0 | -€1,700 | -100% |
| Other amounts payable | 47/48 | €27,198 | €0 | -€27,198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,825 | €26,974 | +€149 | +0.6% |
| Other operating charges | 640/8 | €1,805 | €1,795 | -€10 | -0.5% |
| Gross operating margin | 9900 | €50,915 | €148,927 | +€98,012 | +193% |
| Operating profit (loss) | 9901 | €22,285 | €120,158 | +€97,873 | +439% |
| Financial income | 75/76B | €123 | €58 | -€66 | -53.2% |
| Recurring financial income | 75 | €123 | €58 | -€66 | -53.2% |
| Financial charges | 65/66B | €681 | €525 | -€156 | -22.9% |
| Recurring financial charges | 65 | €681 | €525 | -€156 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €21,727 | €119,691 | +€97,964 | +451% |
| Income taxes | 67/77 | €4,909 | €30,953 | +€26,044 | +531% |
| Profit (loss) for the period | 9904 | €16,818 | €88,738 | +€71,920 | +428% |
| Profit (loss) for the period to be appropriated | 9905 | €16,818 | €88,738 | +€71,920 | +428% |
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 24 October 2026 via checked.be.