C-ELECTRONICS: 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.
C-ELECTRONICS
Largest movements
- Receivables within one year -€38,535
down €38,535 (-66.5%), from €57,914 to €19,379
- Tangible fixed assets +€35,352
up €35,352 (+16438.9%), from €215 to €35,567
- Stocks and contracts +€19,162
up €19,162 (+41.3%), from €46,424 to €65,585
- Cash +€17,706
up €17,706 (+79.2%), from €22,365 to €40,071
mainly Receivables within one year (+€38,535) and Debts after one year (+€18,008)
- Deferred charges and accrued income +€3,793
up €3,793 (+175.5%), from €2,161 to €5,954
- Debts after one year +€18,008
new in 2025: €18,008
- Trade debts +€9,625
up €9,625 (+987.1%), from €975 to €10,600
- Current portion of long-term debt +€6,008
new in 2025: €6,008
- Reserves +€5,643
up €5,643 (+5.9%), from €95,223 to €100,866
- Tax, wage and social debts -€1,927
down €1,927 (-29.5%), from €6,539 to €4,612
- Gross operating margin +€2,161
up €2,161 (+20.7%), from €10,437 to €12,597
- Depreciation +€1,208
up €1,208 (+283.9%), from €426 to €1,634
- Taxes +€513
up €513 (+17.3%), from €2,975 to €3,488
- Financial charges +€356
up €356 (+188.5%), from €189 to €545
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 | €129,079 | €166,556 | +€37,477 | +29.0% |
| Fixed assets | 21/28 | €215 | €35,567 | +€35,352 | +16438.9% |
| Tangible fixed assets | 22/27 | €215 | €35,567 | +€35,352 | +16438.9% |
| Furniture and vehicles | 24 | €215 | €35,567 | +€35,352 | +16438.9% |
| Current assets | 29/58 | €128,864 | €130,989 | +€2,126 | +1.6% |
| Stocks and contracts in progress | 3 | €46,424 | €65,585 | +€19,162 | +41.3% |
| Stocks | 30/36 | €46,424 | €65,585 | +€19,162 | +41.3% |
| Amounts receivable within one year | 40/41 | €57,914 | €19,379 | -€38,535 | -66.5% |
| Trade receivables | 40 | €57,914 | €19,379 | -€38,535 | -66.5% |
| Cash at bank and in hand | 54/58 | €22,365 | €40,071 | +€17,706 | +79.2% |
| Deferred charges and accrued income | 490/1 | €2,161 | €5,954 | +€3,793 | +175.5% |
| Total equity and liabilities | 10/49 | €129,079 | €166,556 | +€37,477 | +29.0% |
| Equity | 10/15 | €114,495 | €120,138 | +€5,643 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,223 | €100,866 | +€5,643 | +5.9% |
| Distributable reserves | 133 | €95,223 | €100,866 | +€5,643 | +5.9% |
| Profit (loss) carried forward | 14 | €672 | €672 | = | 0.0% |
| Amounts payable | 17/49 | €14,584 | €46,418 | +€31,834 | +218.3% |
| Amounts payable after more than one year | 17 | - | €18,008 | +€18,008 | |
| Financial debts | 170/4 | - | €18,008 | +€18,008 | |
| Amounts payable within one year | 42/48 | €14,584 | €28,410 | +€13,826 | +94.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,008 | +€6,008 | |
| Trade debts | 44 | €975 | €10,600 | +€9,625 | +987.1% |
| Suppliers | 440/4 | €975 | €10,600 | +€9,625 | +987.1% |
| Taxes, remuneration and social security | 45 | €6,539 | €4,612 | -€1,927 | -29.5% |
| Taxes | 450/3 | €6,539 | €4,612 | -€1,927 | -29.5% |
| Other amounts payable | 47/48 | €7,070 | €7,190 | +€121 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426 | €1,634 | +€1,208 | +283.9% |
| Other operating charges | 640/8 | €1,256 | €1,287 | +€31 | +2.5% |
| Non-recurring operating charges | 66A | €70 | - | -€70 | |
| Gross operating margin | 9900 | €10,437 | €12,597 | +€2,161 | +20.7% |
| Operating profit (loss) | 9901 | €8,685 | €9,677 | +€991 | +11.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €189 | €545 | +€356 | +188.5% |
| Recurring financial charges | 65 | €189 | €545 | +€356 | +188.5% |
| Profit (loss) for the period before taxes | 9903 | €8,498 | €9,131 | +€634 | +7.5% |
| Income taxes | 67/77 | €2,975 | €3,488 | +€513 | +17.3% |
| Profit (loss) for the period | 9904 | €5,523 | €5,643 | +€121 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,523 | €5,643 | +€121 | +2.2% |
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 10 October 2026 via checked.be.