ELECTEO: 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.
ELECTEO
Largest movements
- Receivables within one year +€92,536
up €92,536 (+318%), from €29,072 to €121,608
of which Trade receivables: +€112,099
- Tangible fixed assets +€25,693
up €25,693 (+178%), from €14,464 to €40,157
- Other debts +€47,467
new in 2024: €47,467
- Trade debts +€30,519
up €30,519 (+93.4%), from €32,674 to €63,193
of which Bills of exchange payable: +€39,000
- Debts after one year +€24,465
new in 2024: €24,465
- Tax, wage and social debts +€8,750
up €8,750 (+223%), from €3,930 to €12,680
- Profit (loss) carried forward +€6,382
up €6,382 (+99.9%), from €6,386 to €12,768
- Purchases and services -€34,195
down €34,195 (-83.6%), from €40,918 to €6,722
- Turnover -€26,687
down €26,687 (-54.1%), from €49,354 to €22,668
- Gross operating margin +€7,509
up €7,509 (+89.0%), from €8,437 to €15,945
- Taxes +€2,267
up €2,267 (+12,657%), from €18 to €2,285
- Depreciation -€1,009
down €1,009 (-13.0%), from €7,774 to €6,765
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,990 | €162,573 | +€117,583 | +261% |
| Fixed assets | 21/28 | €14,464 | €40,157 | +€25,693 | +178% |
| Tangible fixed assets | 22/27 | €14,464 | €40,157 | +€25,693 | +178% |
| Furniture and vehicles | 24 | €14,464 | €40,157 | +€25,693 | +178% |
| Current assets | 29/58 | €30,526 | €122,416 | +€91,890 | +301% |
| Amounts receivable within one year | 40/41 | €29,072 | €121,608 | +€92,536 | +318% |
| Trade receivables | 40 | €8,944 | €121,043 | +€112,099 | +1,253% |
| Other amounts receivable | 41 | €20,129 | €566 | -€19,563 | -97.2% |
| Cash at bank and in hand | 54/58 | €1,454 | €808 | -€646 | -44.4% |
| Total equity and liabilities | 10/49 | €44,990 | €162,573 | +€117,583 | +261% |
| Equity | 10/15 | €8,386 | €14,768 | +€6,382 | +76.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,386 | €12,768 | +€6,382 | +99.9% |
| Amounts payable | 17/49 | €36,604 | €147,805 | +€111,201 | +304% |
| Amounts payable after more than one year | 17 | - | €24,465 | +€24,465 | |
| Financial debts | 170/4 | - | €24,465 | +€24,465 | |
| Amounts payable within one year | 42/48 | €36,604 | €123,340 | +€86,736 | +237% |
| Trade debts | 44 | €32,674 | €63,193 | +€30,519 | +93.4% |
| Suppliers | 440/4 | €32,674 | €24,193 | -€8,481 | -26.0% |
| Bills of exchange payable | 441 | - | €39,000 | +€39,000 | |
| Taxes, remuneration and social security | 45 | €3,930 | €12,680 | +€8,750 | +223% |
| Taxes | 450/3 | €3,930 | €12,680 | +€8,750 | +223% |
| Other amounts payable | 47/48 | - | €47,467 | +€47,467 | |
| Turnover | 70 | €49,354 | €22,668 | -€26,687 | -54.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,918 | €6,722 | -€34,195 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,774 | €6,765 | -€1,009 | -13.0% |
| Other operating charges | 640/8 | €576 | €149 | -€428 | -74.2% |
| Gross operating margin | 9900 | €8,437 | €15,945 | +€7,509 | +89.0% |
| Operating profit (loss) | 9901 | €87 | €9,031 | +€8,945 | +10,337% |
| Financial charges | 65/66B | €53 | €364 | +€311 | +588% |
| Recurring financial charges | 65 | €53 | €364 | +€311 | +588% |
| Profit (loss) for the period before taxes | 9903 | €34 | €8,667 | +€8,634 | +25,657% |
| Income taxes | 67/77 | €18 | €2,285 | +€2,267 | +12,657% |
| Profit (loss) for the period | 9904 | €16 | €6,382 | +€6,367 | +40,449% |
| Profit (loss) for the period to be appropriated | 9905 | €16 | €6,382 | +€6,367 | +40,449% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.