Automatic Systems: 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.
What changed
Automatic Systems
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.0m
2024 · €151,116-€2.1m
Equity
€1.6m
2024 · €3.6m-€2.0m
Cash
€107,169
2024 · €752,196-€645,027
Balance sheet total
€56.2m
2024 · €44.3m+€11.9m
Largest movements
Assets
- Receivables within one year +€11.8m
up €11.8m (+64.6%), from €18.2m to €30.0m
of which Trade receivables: +€10.9m
- Intangible fixed assets +€2.4m
up €2.4m (+42.0%), from €5.7m to €8.1m
- Financial fixed assets -€1.4m
down €1.4m (-26.7%), from €5.2m to €3.8m
of which Affiliated companies: -€1.4m
- Cash -€645,027
down €645,027 (-85.8%), from €752,196 to €107,169
mainly Receivables within one year (-€11.8m) and Net result for the year (-€2.0m)
Equity and liabilities
- Other debts +€7.9m
up €7.9m (+37.0%), from €21.4m to €29.3m
- Trade debts +€2.6m
up €2.6m (+25.4%), from €10.2m to €12.8m
- Profit (loss) carried forward -€2.0m
down €2.0m, from €1.7m to -€301,283
- Short-term financial debts +€1.6m
up €1.6m (+55.6%), from €2.9m to €4.4m
- Accrued charges and deferred income +€1.0m
up €1.0m (+289.6%), from €351,754 to €1.4m
Income statement
- Goods and materials -€7.4m
down €7.4m (-20.2%), from €36.4m to €29.1m
of which Change in stocks: decrease (increase): -€5.0m
- Turnover -€4.4m
down €4.4m (-6.9%), from €64.7m to €60.3m
- Financial charges +€1.6m
up €1.6m (+114.2%), from €1.4m to €3.1m
of which Non-recurring financial charges: +€1.6m
- Services and other goods -€1.3m
down €1.3m (-6.8%), from €19.4m to €18.1m
- Staff costs +€1.1m
up €1.1m (+5.6%), from €18.9m to €20.0m
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.
Result 2024
€151,116
Turnover
-€4.4m
Other operating income
-€961,143
Goods and materials
+€7.4m
Services and other goods
+€1.3m
Staff costs
-€1.1m
Depreciation
-€393,238
Write-downs
-€28,382
Provisions
-€132,361
Other operating charges
-€39,118
Other operating items
-€1.5m
Financial income
-€689,117
Financial charges
-€1.6m
Taxes
+€99,908
Result 2025
-€2.0m
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.
From operations
-€476,634
Investment
-€1.8m
Financing
+€1.6m
Cash 2024
€752,196
From operations (derived)
-€476,634
Net result for the year
-€2.0m
Depreciation
+€799,917
Stocks and contracts
+€154,258
Receivables within one year
-€11.8m
Deferred charges and accrued income
+€26,797
Provisions
+€325,582
Trade debts
+€2.6m
Tax, wage and social debts
+€96,360
Advances received
+€364,098
Other debts
+€7.9m
Accrued charges and deferred income
+€1.0m
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.6m
Short-term financial debts
+€1.6m
Cash 2025
€107,169
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,325,622 | €56,244,273 | +€11.9m | +26.9% |
| Fixed assets | 21/28 | €12,750,251 | €13,706,615 | +€956,364 | +7.5% |
| Intangible fixed assets | 21 | €5,727,737 | €8,136,198 | +€2.4m | +42.0% |
| Tangible fixed assets | 22/27 | €1,788,510 | €1,734,785 | -€53,725 | -3.0% |
| Land and buildings | 22 | €1,312,366 | €1,262,062 | -€50,304 | -3.8% |
| Plant, machinery and equipment | 23 | €157,668 | €107,907 | -€49,761 | -31.6% |
| Furniture and vehicles | 24 | €222,456 | €243,152 | +€20,695 | +9.3% |
| Other tangible fixed assets | 26 | €96,019 | €121,665 | +€25,645 | +26.7% |
| Financial fixed assets | 28 | €5,234,003 | €3,835,631 | -€1.4m | -26.7% |
| Affiliated companies | 280/1 | €5,116,108 | €3,712,108 | -€1.4m | -27.4% |
| Participating interests | 280 | €5,116,108 | €3,712,108 | -€1.4m | -27.4% |
| Other financial fixed assets | 284/8 | €117,896 | €123,524 | +€5,628 | +4.8% |
| Amounts receivable and cash guarantees | 285/8 | €117,896 | €123,524 | +€5,628 | +4.8% |
| Current assets | 29/58 | €31,575,371 | €42,537,659 | +€11.0m | +34.7% |
| Stocks and contracts in progress | 3 | €12,176,861 | €12,022,602 | -€154,258 | -1.3% |
| Stocks | 30/36 | €9,172,782 | €11,491,384 | +€2.3m | +25.3% |
| Raw materials and consumables | 30/31 | €8,880,806 | €9,639,024 | +€758,218 | +8.5% |
| Finished goods | 33 | €291,976 | €1,852,360 | +€1.6m | +534.4% |
| Contracts in progress | 37 | €3,004,079 | €531,219 | -€2.5m | -82.3% |
| Amounts receivable within one year | 40/41 | €18,247,269 | €30,035,639 | +€11.8m | +64.6% |
| Trade receivables | 40 | €13,554,984 | €24,432,024 | +€10.9m | +80.2% |
| Other amounts receivable | 41 | €4,692,285 | €5,603,616 | +€911,331 | +19.4% |
| Cash at bank and in hand | 54/58 | €752,196 | €107,169 | -€645,027 | -85.8% |
| Deferred charges and accrued income | 490/1 | €399,045 | €372,247 | -€26,797 | -6.7% |
| Total equity and liabilities | 10/49 | €44,325,622 | €56,244,273 | +€11.9m | +26.9% |
| Equity | 10/15 | €3,635,627 | €1,642,380 | -€2.0m | -54.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €768,874 | €768,874 | = | 0.0% |
| Reserves | 13 | €174,789 | €174,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €134,606 | €134,606 | = | 0.0% |
| Legal reserve | 130 | €134,606 | €134,606 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,764 | €27,764 | = | 0.0% |
| Distributable reserves | 133 | €12,419 | €12,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,691,964 | -€301,283 | -€2.0m | |
| Provisions and deferred taxes | 16 | €1,357,821 | €1,683,404 | +€325,582 | +24.0% |
| Provisions for liabilities and charges | 160/5 | €1,357,821 | €1,683,404 | +€325,582 | +24.0% |
| Other liabilities and charges | 164/5 | €1,357,821 | €1,683,404 | +€325,582 | +24.0% |
| Amounts payable | 17/49 | €39,332,173 | €52,918,489 | +€13.6m | +34.5% |
| Amounts payable within one year | 42/48 | €38,980,419 | €51,548,077 | +€12.6m | +32.2% |
| Financial debts | 43 | €2,858,000 | €4,445,888 | +€1.6m | +55.6% |
| Credit institutions | 430/8 | €2,858,000 | €4,445,888 | +€1.6m | +55.6% |
| Trade debts | 44 | €10,230,440 | €12,830,533 | +€2.6m | +25.4% |
| Suppliers | 440/4 | €10,230,440 | €12,830,533 | +€2.6m | +25.4% |
| Advances received on contracts in progress | 46 | €727,425 | €1,091,524 | +€364,098 | +50.1% |
| Taxes, remuneration and social security | 45 | €3,786,550 | €3,882,910 | +€96,360 | +2.5% |
| Taxes | 450/3 | €552,725 | €463,116 | -€89,609 | -16.2% |
| Remuneration and social security | 454/9 | €3,233,826 | €3,419,794 | +€185,968 | +5.8% |
| Other amounts payable | 47/48 | €21,378,003 | €29,297,223 | +€7.9m | +37.0% |
| Accrued charges and deferred income | 492/3 | €351,754 | €1,370,412 | +€1.0m | +289.6% |
| Operating income | 70/76A | €72,639,528 | €65,695,313 | -€6.9m | -9.6% |
| Turnover | 70 | €64,742,757 | €60,301,698 | -€4.4m | -6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €476,577 | -€1,107,278 | -€1.6m | |
| Own construction capitalised | 72 | €1,293,964 | €1,335,805 | +€41,841 | +3.2% |
| Other operating income | 74 | €6,126,231 | €5,165,087 | -€961,143 | -15.7% |
| Operating charges | 60/66A | €75,327,740 | €68,293,016 | -€7.0m | -9.3% |
| Goods for resale, raw materials and consumables | 60 | €36,433,719 | €29,068,654 | -€7.4m | -20.2% |
| Purchases | 600/8 | €32,551,313 | €30,188,998 | -€2.4m | -7.3% |
| Change in stocks: decrease (increase) | 609 | €3,882,406 | -€1,120,343 | -€5.0m | |
| Services and other goods | 61 | €19,417,027 | €18,089,238 | -€1.3m | -6.8% |
| Remuneration, social security and pensions | 62 | €18,943,178 | €20,008,209 | +€1.1m | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,679 | €799,917 | +€393,238 | +96.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €194,668 | €223,050 | +€28,382 | +14.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€103,778 | €28,582 | +€132,361 | |
| Other operating charges | 640/8 | €36,247 | €75,365 | +€39,118 | +107.9% |
| Operating profit (loss) | 9901 | -€2,688,211 | -€2,597,703 | +€90,508 | +3.4% |
| Financial income | 75/76B | €4,383,378 | €3,694,261 | -€689,117 | -15.7% |
| Recurring financial income | 75 | €3,927,568 | €3,694,261 | -€233,307 | -5.9% |
| Income from financial fixed assets | 750 | €3,819,304 | €3,558,809 | -€260,495 | -6.8% |
| Income from current assets | 751 | €24,724 | €12,707 | -€12,017 | -48.6% |
| Other financial income | 752/9 | €83,541 | €122,745 | +€39,205 | +46.9% |
| Non-recurring financial income | 76B | €455,810 | - | -€455,810 | |
| Financial charges | 65/66B | €1,440,857 | €3,086,519 | +€1.6m | +114.2% |
| Recurring financial charges | 65 | €1,283,857 | €1,328,519 | +€44,662 | +3.5% |
| Debt charges | 650 | €1,083,983 | €848,117 | -€235,867 | -21.8% |
| Other financial charges | 652/9 | €199,873 | €480,402 | +€280,528 | +140.4% |
| Non-recurring financial charges | 66B | €157,000 | €1,758,000 | +€1.6m | +1019.7% |
| Profit (loss) for the period before taxes | 9903 | €254,310 | -€1,989,961 | -€2.2m | |
| Income taxes | 67/77 | €103,194 | €3,286 | -€99,908 | -96.8% |
| Taxes | 670/3 | €103,194 | €3,286 | -€99,908 | -96.8% |
| Profit (loss) for the period | 9904 | €151,116 | -€1,993,247 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €151,116 | -€1,993,247 | -€2.1m |
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 29 September 2026 via checked.be.