Electrical Project Solutions: 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.
Electrical Project Solutions
Largest movements
- Cash +€34,037
up €34,037 (+527.3%), from €6,454 to €40,491
mainly Net result for the year (+€60,714) and Receivables within one year (+€12,336)
- Receivables within one year -€12,336
down €12,336 (-40.0%), from €30,856 to €18,520
of which Trade receivables: -€11,093
- Tangible fixed assets +€11,218
up €11,218 (+330.6%), from €3,393 to €14,611
- Deferred charges and accrued income +€7,548
new in 2025: €7,548
- Stocks and contracts -€5,199
down €5,199 (-83.8%), from €6,202 to €1,002
- Profit (loss) carried forward +€60,714
up €60,714 (+509.9%), from €11,908 to €72,622
- Debts after one year -€20,000
no longer reported in 2025 (was €20,000)
- Other debts -€2,826
no longer reported in 2025 (was €2,826)
- Tax, wage and social debts -€2,635
down €2,635 (-84.1%), from €3,134 to €498
of which Taxes: -€3,039
- Gross operating margin +€81,373
up €81,373 (+407.6%), from €19,965 to €101,338
- Staff costs +€13,312
up €13,312 (+842.2%), from €1,581 to €14,893
- Taxes +€12,961
up €12,961 (+413.6%), from €3,134 to €16,095
- Depreciation +€2,846
up €2,846 (+512.5%), from €555 to €3,401
- Financial charges +€2,684
up €2,684 (+146.4%), from €1,834 to €4,517
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 | €46,905 | €82,173 | +€35,268 | +75.2% |
| Fixed assets | 21/28 | €3,393 | €14,611 | +€11,218 | +330.6% |
| Tangible fixed assets | 22/27 | €3,393 | €14,611 | +€11,218 | +330.6% |
| Plant, machinery and equipment | 23 | - | €5,245 | +€5,245 | |
| Furniture and vehicles | 24 | €3,393 | €6,065 | +€2,672 | +78.7% |
| Other tangible fixed assets | 26 | - | €3,301 | +€3,301 | |
| Current assets | 29/58 | €43,512 | €67,561 | +€24,050 | +55.3% |
| Stocks and contracts in progress | 3 | €6,202 | €1,002 | -€5,199 | -83.8% |
| Stocks | 30/36 | €6,202 | €1,002 | -€5,199 | -83.8% |
| Amounts receivable within one year | 40/41 | €30,856 | €18,520 | -€12,336 | -40.0% |
| Trade receivables | 40 | €22,005 | €10,911 | -€11,093 | -50.4% |
| Other amounts receivable | 41 | €8,851 | €7,609 | -€1,242 | -14.0% |
| Cash at bank and in hand | 54/58 | €6,454 | €40,491 | +€34,037 | +527.3% |
| Deferred charges and accrued income | 490/1 | - | €7,548 | +€7,548 | |
| Total equity and liabilities | 10/49 | €46,905 | €82,173 | +€35,268 | +75.2% |
| Equity | 10/15 | €14,408 | €75,122 | +€60,714 | +421.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,908 | €72,622 | +€60,714 | +509.9% |
| Amounts payable | 17/49 | €32,497 | €7,051 | -€25,447 | -78.3% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Financial debts | 170/4 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €12,497 | €7,051 | -€5,447 | -43.6% |
| Trade debts | 44 | €6,537 | €6,552 | +€15 | +0.2% |
| Suppliers | 440/4 | €6,537 | €6,552 | +€15 | +0.2% |
| Taxes, remuneration and social security | 45 | €3,134 | €498 | -€2,635 | -84.1% |
| Taxes | 450/3 | €3,134 | €95 | -€3,039 | -97.0% |
| Remuneration and social security | 454/9 | - | €404 | +€404 | |
| Other amounts payable | 47/48 | €2,826 | - | -€2,826 | |
| Remuneration, social security and pensions | 62 | €1,581 | €14,893 | +€13,312 | +842.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555 | €3,401 | +€2,846 | +512.5% |
| Other operating charges | 640/8 | €1,000 | €1,851 | +€851 | +85.1% |
| Gross operating margin | 9900 | €19,965 | €101,338 | +€81,373 | +407.6% |
| Operating profit (loss) | 9901 | €16,828 | €81,193 | +€64,364 | +382.5% |
| Financial income | 75/76B | €47 | €134 | +€87 | +186.6% |
| Recurring financial income | 75 | €47 | €134 | +€87 | +186.6% |
| Financial charges | 65/66B | €1,834 | €4,517 | +€2,684 | +146.4% |
| Recurring financial charges | 65 | €1,834 | €4,517 | +€2,684 | +146.4% |
| Profit (loss) for the period before taxes | 9903 | €15,041 | €76,809 | +€61,768 | +410.7% |
| Income taxes | 67/77 | €3,134 | €16,095 | +€12,961 | +413.6% |
| Profit (loss) for the period | 9904 | €11,908 | €60,714 | +€48,807 | +409.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,908 | €60,714 | +€48,807 | +409.9% |
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 6 October 2026 via checked.be.