ELECTROTHEQUE: what changed
ELECTROTHEQUE
Largest movements
- Stocks and contracts -€20,409
down €20,409 (-26.8%), from €76,248 to €55,839
- Receivables within one year -€9,176
down €9,176 (-53.8%), from €17,069 to €7,893
of which Trade receivables: -€7,635
- Cash -€1,396
down €1,396 (-11.7%), from €11,973 to €10,577
mainly Net result for the year (-€28,711) and Tax, wage and social debts (-€2,200)
- Profit (loss) carried forward -€28,711
down €28,711 (-57.1%), from €50,273 to €21,562
- Tax, wage and social debts -€2,200
down €2,200 (-68.8%), from €3,200 to €1,000
- Gross operating margin -€26,878
down €26,878, from €13,269 to -€13,609
- Write-downs -€5,102
down €5,102 (-26.8%), from €19,062 to €13,960
- Taxes +€316
new in 2025: €316
- Depreciation +€250
up €250 (+109%), from €229 to €479
- Financial charges +€160
up €160 (+59.5%), from €269 to €429
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 | €106,237 | €76,102 | -€30,135 | -28.4% |
| Fixed assets | 21/28 | €947 | €1,518 | +€571 | +60.3% |
| Tangible fixed assets | 22/27 | €947 | €1,518 | +€571 | +60.3% |
| Furniture and vehicles | 24 | €947 | €1,518 | +€571 | +60.3% |
| Current assets | 29/58 | €105,290 | €74,584 | -€30,706 | -29.2% |
| Stocks and contracts in progress | 3 | €76,248 | €55,839 | -€20,409 | -26.8% |
| Stocks | 30/36 | €76,248 | €55,839 | -€20,409 | -26.8% |
| Amounts receivable within one year | 40/41 | €17,069 | €7,893 | -€9,176 | -53.8% |
| Trade receivables | 40 | €7,811 | €176 | -€7,635 | -97.7% |
| Other amounts receivable | 41 | €9,258 | €7,717 | -€1,541 | -16.6% |
| Cash at bank and in hand | 54/58 | €11,973 | €10,577 | -€1,396 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €106,237 | €76,102 | -€30,135 | -28.4% |
| Equity | 10/15 | €102,979 | €74,268 | -€28,711 | -27.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €32,875 | €32,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Financial assistance | 1313 | €1,983 | - | -€1,983 | |
| Other | 1319 | - | €1,983 | +€1,983 | |
| Tax-exempt reserves | 132 | €12,701 | €12,701 | = | 0.0% |
| Distributable reserves | 133 | €18,191 | €18,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,273 | €21,562 | -€28,711 | -57.1% |
| Amounts payable | 17/49 | €3,258 | €1,834 | -€1,424 | -43.7% |
| Amounts payable within one year | 42/48 | €3,258 | €1,834 | -€1,424 | -43.7% |
| Trade debts | 44 | €58 | €834 | +€776 | +1,338% |
| Suppliers | 440/4 | €58 | €834 | +€776 | +1,338% |
| Taxes, remuneration and social security | 45 | €3,200 | €1,000 | -€2,200 | -68.8% |
| Taxes | 450/3 | €3,200 | €1,000 | -€2,200 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €479 | +€250 | +109% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,062 | €13,960 | -€5,102 | -26.8% |
| Other operating charges | 640/8 | €293 | €175 | -€118 | -40.3% |
| Gross operating margin | 9900 | €13,269 | -€13,609 | -€26,878 | |
| Operating profit (loss) | 9901 | -€6,315 | -€28,223 | -€21,908 | -347% |
| Financial income | 75/76B | €278 | €257 | -€21 | -7.6% |
| Recurring financial income | 75 | €278 | €257 | -€21 | -7.6% |
| Financial charges | 65/66B | €269 | €429 | +€160 | +59.5% |
| Recurring financial charges | 65 | €269 | €429 | +€160 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,306 | -€28,395 | -€22,089 | -350% |
| Income taxes | 67/77 | - | €316 | +€316 | |
| Profit (loss) for the period | 9904 | -€6,306 | -€28,711 | -€22,405 | -355% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,306 | -€28,711 | -€22,405 | -355% |
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.