E & S Electricité: 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.
E & S Electricité
Largest movements
- Cash +€28,833
up €28,833 (+45.5%), from €63,381 to €92,214
mainly Net result for the year (+€32,384) and Depreciation (+€9,938)
- Reserves +€31,597
up €31,597 (+200%), from €15,786 to €47,383
- Debts after one year -€12,379
down €12,379 (-4.6%), from €266,996 to €254,617
- Other debts +€5,435
up €5,435 (+21.2%), from €25,676 to €31,110
- Depreciation -€33,160
down €33,160 (-76.9%), from €43,098 to €9,938
- Taxes +€14,552
new in 2025: €14,552
- Gross operating margin +€13,307
up €13,307 (+22.4%), from €59,277 to €72,584
- Financial charges -€1,364
down €1,364 (-8.4%), from €16,152 to €14,788
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.
Derived cash bridge
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 | €413,540 | €440,961 | +€27,421 | +6.6% |
| Fixed assets | 21/28 | €325,174 | €321,018 | -€4,156 | -1.3% |
| Tangible fixed assets | 22/27 | €325,009 | €320,853 | -€4,156 | -1.3% |
| Land and buildings | 22 | €325,009 | €319,756 | -€5,253 | -1.6% |
| Furniture and vehicles | 24 | - | €1,097 | +€1,097 | |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €88,366 | €119,943 | +€31,577 | +35.7% |
| Stocks and contracts in progress | 3 | €9,843 | €8,375 | -€1,468 | -14.9% |
| Stocks | 30/36 | €9,843 | €8,375 | -€1,468 | -14.9% |
| Amounts receivable within one year | 40/41 | €14,384 | €18,429 | +€4,045 | +28.1% |
| Trade receivables | 40 | €5,712 | €16,518 | +€10,806 | +189% |
| Other amounts receivable | 41 | €8,672 | €1,911 | -€6,761 | -78.0% |
| Cash at bank and in hand | 54/58 | €63,381 | €92,214 | +€28,833 | +45.5% |
| Deferred charges and accrued income | 490/1 | €759 | €925 | +€166 | +21.8% |
| Total equity and liabilities | 10/49 | €413,540 | €440,961 | +€27,421 | +6.6% |
| Equity | 10/15 | €94,999 | €127,383 | +€32,384 | +34.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €15,786 | €47,383 | +€31,597 | +200% |
| Distributable reserves | 133 | €15,786 | €47,383 | +€31,597 | +200% |
| Profit (loss) carried forward | 14 | -€787 | - | +€787 | |
| Amounts payable | 17/49 | €318,541 | €313,578 | -€4,963 | -1.6% |
| Amounts payable after more than one year | 17 | €266,996 | €254,617 | -€12,379 | -4.6% |
| Financial debts | 170/4 | €266,996 | €254,617 | -€12,379 | -4.6% |
| Amounts payable within one year | 42/48 | €42,716 | €51,448 | +€8,732 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €11,908 | €12,379 | +€472 | +4.0% |
| Trade debts | 44 | €696 | €3,737 | +€3,041 | +437% |
| Suppliers | 440/4 | €696 | €3,737 | +€3,041 | +437% |
| Taxes, remuneration and social security | 45 | €4,437 | €4,223 | -€214 | -4.8% |
| Taxes | 450/3 | €4,437 | €4,223 | -€214 | -4.8% |
| Other amounts payable | 47/48 | €25,676 | €31,110 | +€5,435 | +21.2% |
| Accrued charges and deferred income | 492/3 | €8,829 | €7,513 | -€1,316 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,098 | €9,938 | -€33,160 | -76.9% |
| Other operating charges | 640/8 | €1,359 | €1,414 | +€55 | +4.0% |
| Gross operating margin | 9900 | €59,277 | €72,584 | +€13,307 | +22.4% |
| Operating profit (loss) | 9901 | €14,821 | €61,233 | +€46,412 | +313% |
| Financial income | 75/76B | €545 | €491 | -€54 | -9.9% |
| Recurring financial income | 75 | €545 | €491 | -€54 | -9.9% |
| Financial charges | 65/66B | €16,152 | €14,788 | -€1,364 | -8.4% |
| Recurring financial charges | 65 | €16,152 | €14,788 | -€1,364 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€787 | €46,936 | +€47,722 | |
| Income taxes | 67/77 | - | €14,552 | +€14,552 | |
| Profit (loss) for the period | 9904 | -€787 | €32,384 | +€33,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€787 | €32,384 | +€33,171 |
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 21 October 2026 via checked.be.