E&E 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.
E&E SYSTEMS
Largest movements
- Stocks and contracts -€15,055
down €15,055 (-43.4%), from €34,693 to €19,638
of which Contracts in progress: -€14,188
- Receivables within one year +€5,905
up €5,905 (+121.1%), from €4,878 to €10,783
of which Trade receivables: +€7,255
- Cash -€1,075
down €1,075 (-78.1%), from €1,377 to €302
mainly Net result for the year (-€10,631) and Receivables within one year (-€5,905)
- Tangible fixed assets -€954
down €954 (-33.3%), from €2,861 to €1,907
- Profit (loss) carried forward -€10,631
down €10,631, from €534 to -€10,096
- Tax, wage and social debts -€1,088
down €1,088 (-98.7%), from €1,102 to €14
- Current portion of long-term debt +€646
new in 2025: €646
- Gross operating margin -€16,318
down €16,318, from €7,764 to -€8,554
- Taxes -€1,572
no longer reported in 2025 (was €1,572)
- Financial charges +€270
up €270 (+273.4%), from €99 to €369
- Other operating charges -€231
down €231 (-22.9%), from €1,009 to €777
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 | €43,808 | €32,630 | -€11,178 | -25.5% |
| Fixed assets | 21/28 | €2,861 | €1,907 | -€954 | -33.3% |
| Tangible fixed assets | 22/27 | €2,861 | €1,907 | -€954 | -33.3% |
| Plant, machinery and equipment | 23 | €2,861 | €1,907 | -€954 | -33.3% |
| Current assets | 29/58 | €40,948 | €30,723 | -€10,225 | -25.0% |
| Stocks and contracts in progress | 3 | €34,693 | €19,638 | -€15,055 | -43.4% |
| Stocks | 30/36 | €19,693 | €18,827 | -€867 | -4.4% |
| Contracts in progress | 37 | €15,000 | €812 | -€14,188 | -94.6% |
| Amounts receivable within one year | 40/41 | €4,878 | €10,783 | +€5,905 | +121.1% |
| Trade receivables | 40 | - | €7,255 | +€7,255 | |
| Other amounts receivable | 41 | €4,878 | €3,528 | -€1,350 | -27.7% |
| Cash at bank and in hand | 54/58 | €1,377 | €302 | -€1,075 | -78.1% |
| Total equity and liabilities | 10/49 | €43,808 | €32,630 | -€11,178 | -25.5% |
| Equity | 10/15 | €24,933 | €14,302 | -€10,631 | -42.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,848 | €5,848 | = | 0.0% |
| Distributable reserves | 133 | €5,848 | €5,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €534 | -€10,096 | -€10,631 | |
| Amounts payable | 17/49 | €18,876 | €18,328 | -€547 | -2.9% |
| Amounts payable within one year | 42/48 | €18,876 | €18,328 | -€547 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €646 | +€646 | |
| Trade debts | 44 | €214 | €5 | -€209 | -97.6% |
| Suppliers | 440/4 | €214 | €5 | -€209 | -97.6% |
| Taxes, remuneration and social security | 45 | €1,102 | €14 | -€1,088 | -98.7% |
| Taxes | 450/3 | €1,102 | €14 | -€1,088 | -98.7% |
| Other amounts payable | 47/48 | €17,560 | €17,663 | +€104 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €954 | = | 0.0% |
| Other operating charges | 640/8 | €1,009 | €777 | -€231 | -22.9% |
| Gross operating margin | 9900 | €7,764 | -€8,554 | -€16,318 | |
| Operating profit (loss) | 9901 | €5,802 | -€10,285 | -€16,087 | |
| Financial income | 75/76B | €51 | €23 | -€28 | -55.5% |
| Recurring financial income | 75 | €51 | €23 | -€28 | -55.5% |
| Financial charges | 65/66B | €99 | €369 | +€270 | +273.4% |
| Recurring financial charges | 65 | €99 | €369 | +€270 | +273.4% |
| Profit (loss) for the period before taxes | 9903 | €5,754 | -€10,631 | -€16,385 | |
| Income taxes | 67/77 | €1,572 | - | -€1,572 | |
| Profit (loss) for the period | 9904 | €4,182 | -€10,631 | -€14,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,182 | -€10,631 | -€14,813 |
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 5 October 2026 via checked.be.