ELECTRICAL SOFTWARE & MAINTENANCE SOLUTIONS: 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.
ELECTRICAL SOFTWARE & MAINTENANCE SOLUTIONS
Largest movements
- Cash +€255,068
up €255,068 (+93.8%), from €271,858 to €526,926
mainly Current investments (+€150,000) and Net result for the year (+€108,007)
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Receivables within one year -€11,878
down €11,878 (-16.0%), from €74,112 to €62,234
of which Trade receivables: -€11,813
- Reserves +€55,007
up €55,007 (+12.3%), from €448,540 to €503,548
of which Distributable reserves: +€55,007
- Other debts +€50,604
up €50,604 (+198%), from €25,616 to €76,220
- Trade debts -€12,978
down €12,978 (-51.6%), from €25,157 to €12,178
- Tax, wage and social debts +€12,487
up €12,487 (+31.3%), from €39,923 to €52,410
- Debts after one year -€12,130
down €12,130 (-16.6%), from €72,955 to €60,825
- Gross operating margin +€22,087
up €22,087 (+15.1%), from €146,656 to €168,742
- Taxes +€7,331
up €7,331 (+20.2%), from €36,246 to €43,577
- Depreciation -€3,777
down €3,777 (-23.7%), from €15,953 to €12,176
- Financial income +€2,258
up €2,258 (+133%), from €1,695 to €3,953
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 | €633,844 | €727,043 | +€93,200 | +14.7% |
| Fixed assets | 21/28 | €117,317 | €116,054 | -€1,263 | -1.1% |
| Tangible fixed assets | 22/27 | €117,317 | €116,054 | -€1,263 | -1.1% |
| Land and buildings | 22 | €85,994 | €77,932 | -€8,062 | -9.4% |
| Plant, machinery and equipment | 23 | €6,481 | €8,197 | +€1,716 | +26.5% |
| Furniture and vehicles | 24 | €24,843 | €29,925 | +€5,082 | +20.5% |
| Current assets | 29/58 | €516,526 | €610,989 | +€94,463 | +18.3% |
| Stocks and contracts in progress | 3 | €14,978 | €15,570 | +€592 | +4.0% |
| Stocks | 30/36 | €14,978 | €15,570 | +€592 | +4.0% |
| Amounts receivable within one year | 40/41 | €74,112 | €62,234 | -€11,878 | -16.0% |
| Trade receivables | 40 | €74,047 | €62,234 | -€11,813 | -16.0% |
| Other amounts receivable | 41 | €65 | €0 | -€65 | -100% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €271,858 | €526,926 | +€255,068 | +93.8% |
| Deferred charges and accrued income | 490/1 | €5,579 | €6,259 | +€680 | +12.2% |
| Total equity and liabilities | 10/49 | €633,844 | €727,043 | +€93,200 | +14.7% |
| Equity | 10/15 | €454,740 | €509,748 | +€55,007 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €448,540 | €503,548 | +€55,007 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €446,680 | €501,688 | +€55,007 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,103 | €217,296 | +€38,192 | +21.3% |
| Amounts payable after more than one year | 17 | €72,955 | €60,825 | -€12,130 | -16.6% |
| Financial debts | 170/4 | €72,955 | €60,825 | -€12,130 | -16.6% |
| Amounts payable within one year | 42/48 | €102,601 | €152,938 | +€50,338 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €11,905 | €12,130 | +€225 | +1.9% |
| Trade debts | 44 | €25,157 | €12,178 | -€12,978 | -51.6% |
| Suppliers | 440/4 | €25,157 | €12,178 | -€12,978 | -51.6% |
| Taxes, remuneration and social security | 45 | €39,923 | €52,410 | +€12,487 | +31.3% |
| Taxes | 450/3 | €39,923 | €52,410 | +€12,487 | +31.3% |
| Other amounts payable | 47/48 | €25,616 | €76,220 | +€50,604 | +198% |
| Accrued charges and deferred income | 492/3 | €3,548 | €3,532 | -€15 | -0.4% |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,953 | €12,176 | -€3,777 | -23.7% |
| Other operating charges | 640/8 | €2,570 | €2,690 | +€120 | +4.7% |
| Non-recurring operating charges | 66A | - | €2,843 | +€2,843 | |
| Gross operating margin | 9900 | €146,656 | €168,742 | +€22,087 | +15.1% |
| Operating profit (loss) | 9901 | €128,133 | €151,033 | +€22,901 | +17.9% |
| Financial income | 75/76B | €1,695 | €3,953 | +€2,258 | +133% |
| Recurring financial income | 75 | €1,695 | €3,953 | +€2,258 | +133% |
| Financial charges | 65/66B | €3,668 | €3,402 | -€266 | -7.3% |
| Recurring financial charges | 65 | €3,668 | €3,402 | -€266 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €126,160 | €151,584 | +€25,425 | +20.2% |
| Income taxes | 67/77 | €36,246 | €43,577 | +€7,331 | +20.2% |
| Profit (loss) for the period | 9904 | €89,914 | €108,007 | +€18,094 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,914 | €108,007 | +€18,094 | +20.1% |
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 14 October 2026 via checked.be.