BELGIAN ELECTRONIC ENGINEERING: 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.
BELGIAN ELECTRONIC ENGINEERING
Largest movements
- Receivables within one year -€48,810
down €48,810 (-88.2%), from €55,356 to €6,546
of which Trade receivables: -€43,771
- Stocks and contracts -€8,939
down €8,939 (-10.4%), from €86,219 to €77,279
- Cash -€2,170
down €2,170 (-61.3%), from €3,540 to €1,370
mainly Net result for the year (-€61,191) and Trade debts (-€4,356)
- Tangible fixed assets -€1,743
down €1,743 (-41.0%), from €4,248 to €2,506
of which Furniture and vehicles: -€1,005
- Profit (loss) carried forward -€61,191
down €61,191, from €48,691 to -€12,499
- Other debts +€6,414
up €6,414 (+122.1%), from €5,255 to €11,669
- Trade debts -€4,356
down €4,356 (-65.1%), from €6,688 to €2,332
- Tax, wage and social debts -€2,102
down €2,102 (-10.3%), from €20,370 to €18,268
of which Taxes: -€2,621
- Gross operating margin -€57,701
down €57,701 (-86.7%), from €66,563 to €8,862
- Financial charges -€4,647
down €4,647 (-90.1%), from €5,157 to €511
- Staff costs +€1,184
up €1,184 (+1.8%), from €65,787 to €66,971
- Other operating charges +€705
up €705 (+227.6%), from €310 to €1,015
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,189 | €88,954 | -€61,235 | -40.8% |
| Fixed assets | 21/28 | €4,248 | €2,506 | -€1,743 | -41.0% |
| Tangible fixed assets | 22/27 | €4,248 | €2,506 | -€1,743 | -41.0% |
| Plant, machinery and equipment | 23 | €2,483 | €1,745 | -€738 | -29.7% |
| Furniture and vehicles | 24 | €1,765 | €761 | -€1,005 | -56.9% |
| Current assets | 29/58 | €145,940 | €86,448 | -€59,492 | -40.8% |
| Stocks and contracts in progress | 3 | €86,219 | €77,279 | -€8,939 | -10.4% |
| Stocks | 30/36 | €86,219 | €77,279 | -€8,939 | -10.4% |
| Amounts receivable within one year | 40/41 | €55,356 | €6,546 | -€48,810 | -88.2% |
| Trade receivables | 40 | €49,929 | €6,158 | -€43,771 | -87.7% |
| Other amounts receivable | 41 | €5,428 | €388 | -€5,040 | -92.8% |
| Cash at bank and in hand | 54/58 | €3,540 | €1,370 | -€2,170 | -61.3% |
| Deferred charges and accrued income | 490/1 | €826 | €1,253 | +€428 | +51.8% |
| Total equity and liabilities | 10/49 | €150,189 | €88,954 | -€61,235 | -40.8% |
| Equity | 10/15 | €117,876 | €56,685 | -€61,191 | -51.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €7,685 | €7,685 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,685 | €7,685 | = | 0.0% |
| Legal reserve | 130 | €7,685 | €7,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,691 | -€12,499 | -€61,191 | |
| Amounts payable | 17/49 | €32,313 | €32,269 | -€44 | -0.1% |
| Amounts payable within one year | 42/48 | €32,313 | €32,269 | -€44 | -0.1% |
| Trade debts | 44 | €6,688 | €2,332 | -€4,356 | -65.1% |
| Suppliers | 440/4 | €6,688 | €2,332 | -€4,356 | -65.1% |
| Taxes, remuneration and social security | 45 | €20,370 | €18,268 | -€2,102 | -10.3% |
| Taxes | 450/3 | €5,219 | €2,599 | -€2,621 | -50.2% |
| Remuneration and social security | 454/9 | €15,151 | €15,670 | +€519 | +3.4% |
| Other amounts payable | 47/48 | €5,255 | €11,669 | +€6,414 | +122.1% |
| Remuneration, social security and pensions | 62 | €65,787 | €66,971 | +€1,184 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,695 | €1,743 | +€48 | +2.8% |
| Other operating charges | 640/8 | €310 | €1,015 | +€705 | +227.6% |
| Gross operating margin | 9900 | €66,563 | €8,862 | -€57,701 | -86.7% |
| Operating profit (loss) | 9901 | -€1,228 | -€60,866 | -€59,638 | -4858.2% |
| Financial income | 75/76B | €279 | €386 | +€107 | +38.3% |
| Recurring financial income | 75 | €279 | €386 | +€107 | +38.3% |
| Financial charges | 65/66B | €5,157 | €511 | -€4,647 | -90.1% |
| Recurring financial charges | 65 | €5,157 | €511 | -€4,647 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,106 | -€60,991 | -€54,885 | -898.9% |
| Income taxes | 67/77 | €252 | €200 | -€52 | -20.6% |
| Profit (loss) for the period | 9904 | -€6,358 | -€61,191 | -€54,833 | -862.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,358 | -€61,191 | -€54,833 | -862.5% |
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 3 October 2026 via checked.be.