CS ELEC: 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.
CS ELEC
Largest movements
- Deferred charges and accrued income -€3,338
down €3,338 (-53.9%), from €6,189 to €2,850
- Cash -€2,956
down €2,956 (-16.2%), from €18,297 to €15,342
mainly Net result for the year (-€4,888) and Other debts (-€3,098)
- Receivables within one year +€2,138
up €2,138 (+51.9%), from €4,119 to €6,257
of which Trade receivables: +€1,355
- Tangible fixed assets -€876
down €876 (-56.4%), from €1,553 to €677
of which Furniture and vehicles: -€561
- Stocks and contracts -€750
down €750 (-27.3%), from €2,750 to €2,000
- Profit (loss) carried forward -€4,888
down €4,888, from €1,980 to -€2,908
- Other debts -€3,098
down €3,098 (-21.5%), from €14,396 to €11,298
- Trade debts +€2,204
up €2,204 (+131.7%), from €1,673 to €3,876
- Gross operating margin -€13,496
down €13,496, from €10,584 to -€2,912
- Depreciation -€5,042
down €5,042 (-85.2%), from €5,918 to €876
- Other operating charges -€490
down €490 (-31.7%), from €1,549 to €1,059
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 | €32,908 | €27,126 | -€5,782 | -17.6% |
| Fixed assets | 21/28 | €1,553 | €677 | -€876 | -56.4% |
| Tangible fixed assets | 22/27 | €1,553 | €677 | -€876 | -56.4% |
| Plant, machinery and equipment | 23 | €722 | €408 | -€315 | -43.6% |
| Furniture and vehicles | 24 | €831 | €270 | -€561 | -67.5% |
| Current assets | 29/58 | €31,355 | €26,449 | -€4,906 | -15.6% |
| Stocks and contracts in progress | 3 | €2,750 | €2,000 | -€750 | -27.3% |
| Stocks | 30/36 | €2,750 | €2,000 | -€750 | -27.3% |
| Amounts receivable within one year | 40/41 | €4,119 | €6,257 | +€2,138 | +51.9% |
| Trade receivables | 40 | €3,033 | €4,388 | +€1,355 | +44.7% |
| Other amounts receivable | 41 | €1,086 | €1,869 | +€783 | +72.1% |
| Cash at bank and in hand | 54/58 | €18,297 | €15,342 | -€2,956 | -16.2% |
| Deferred charges and accrued income | 490/1 | €6,189 | €2,850 | -€3,338 | -53.9% |
| Total equity and liabilities | 10/49 | €32,908 | €27,126 | -€5,782 | -17.6% |
| Equity | 10/15 | €16,240 | €11,352 | -€4,888 | -30.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,980 | -€2,908 | -€4,888 | |
| Amounts payable | 17/49 | €16,668 | €15,774 | -€894 | -5.4% |
| Amounts payable within one year | 42/48 | €16,668 | €15,774 | -€894 | -5.4% |
| Trade debts | 44 | €1,673 | €3,876 | +€2,204 | +131.7% |
| Suppliers | 440/4 | €1,673 | €3,876 | +€2,204 | +131.7% |
| Taxes, remuneration and social security | 45 | €600 | €600 | = | 0.0% |
| Taxes | 450/3 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €14,396 | €11,298 | -€3,098 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,918 | €876 | -€5,042 | -85.2% |
| Other operating charges | 640/8 | €1,549 | €1,059 | -€490 | -31.7% |
| Gross operating margin | 9900 | €10,584 | -€2,912 | -€13,496 | |
| Operating profit (loss) | 9901 | €3,117 | -€4,847 | -€7,964 | |
| Financial income | 75/76B | €533 | €428 | -€105 | -19.7% |
| Recurring financial income | 75 | €533 | €428 | -€105 | -19.7% |
| Financial charges | 65/66B | €126 | €43 | -€83 | -65.9% |
| Recurring financial charges | 65 | €126 | €43 | -€83 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €3,525 | -€4,462 | -€7,986 | |
| Income taxes | 67/77 | €406 | €426 | +€20 | +5.0% |
| Profit (loss) for the period | 9904 | €3,119 | -€4,888 | -€8,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,119 | -€4,888 | -€8,006 |
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.