ELECTRO I & S: 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.
ELECTRO I & S
Largest movements
- Receivables within one year -€27,328
down €27,328 (-7.4%), from €369,073 to €341,745
of which Other amounts receivable: -€25,516
- Stocks and contracts -€3,888
down €3,888 (-74.2%), from €5,241 to €1,353
- Current portion of long-term debt -€64,424
down €64,424 (-64.4%), from €100,000 to €35,576
- Debts after one year +€45,872
new in 2025: €45,872
- Trade debts -€10,924
down €10,924 (-17.6%), from €62,014 to €51,090
- Tax, wage and social debts -€6,635
down €6,635 (-21.8%), from €30,379 to €23,744
of which Taxes: -€5,457
- Staff costs -€64,888
down €64,888 (-93.4%), from €69,465 to €4,577
- Gross operating margin -€52,489
down €52,489 (-56.6%), from €92,661 to €40,172
- Other operating charges +€22,639
up €22,639 (+1,251%), from €1,809 to €24,448
- Taxes -€7,673
down €7,673, from €2,216 to -€5,457
- Financial income -€7,500
no longer reported in 2025 (was €7,500)
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 | €381,875 | €349,982 | -€31,893 | -8.4% |
| Fixed assets | 21/28 | €3,958 | €3,983 | +€25 | +0.6% |
| Financial fixed assets | 28 | €3,958 | €3,983 | +€25 | +0.6% |
| Current assets | 29/58 | €377,917 | €345,999 | -€31,918 | -8.4% |
| Stocks and contracts in progress | 3 | €5,241 | €1,353 | -€3,888 | -74.2% |
| Stocks | 30/36 | €5,241 | €1,353 | -€3,888 | -74.2% |
| Amounts receivable within one year | 40/41 | €369,073 | €341,745 | -€27,328 | -7.4% |
| Trade receivables | 40 | €280,148 | €278,336 | -€1,812 | -0.6% |
| Other amounts receivable | 41 | €88,925 | €63,409 | -€25,516 | -28.7% |
| Cash at bank and in hand | 54/58 | €3,603 | €2,901 | -€702 | -19.5% |
| Total equity and liabilities | 10/49 | €381,875 | €349,982 | -€31,893 | -8.4% |
| Equity | 10/15 | €125,477 | €127,774 | +€2,297 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,417 | €119,714 | +€2,297 | +2.0% |
| Amounts payable | 17/49 | €256,398 | €222,208 | -€34,190 | -13.3% |
| Amounts payable after more than one year | 17 | - | €45,872 | +€45,872 | |
| Financial debts | 170/4 | - | €45,872 | +€45,872 | |
| Amounts payable within one year | 42/48 | €256,398 | €176,336 | -€80,062 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €35,576 | -€64,424 | -64.4% |
| Financial debts | 43 | €50,005 | €49,991 | -€14 | 0.0% |
| Credit institutions | 430/8 | €50,005 | €49,991 | -€14 | 0.0% |
| Trade debts | 44 | €62,014 | €51,090 | -€10,924 | -17.6% |
| Suppliers | 440/4 | €62,014 | €51,090 | -€10,924 | -17.6% |
| Taxes, remuneration and social security | 45 | €30,379 | €23,744 | -€6,635 | -21.8% |
| Taxes | 450/3 | €9,407 | €3,950 | -€5,457 | -58.0% |
| Remuneration and social security | 454/9 | €20,972 | €19,794 | -€1,178 | -5.6% |
| Other amounts payable | 47/48 | €14,000 | €15,935 | +€1,935 | +13.8% |
| Remuneration, social security and pensions | 62 | €69,465 | €4,577 | -€64,888 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,543 | - | -€6,543 | |
| Other operating charges | 640/8 | €1,809 | €24,448 | +€22,639 | +1,251% |
| Gross operating margin | 9900 | €92,661 | €40,172 | -€52,489 | -56.6% |
| Operating profit (loss) | 9901 | €14,844 | €11,147 | -€3,697 | -24.9% |
| Financial income | 75/76B | €7,500 | - | -€7,500 | |
| Recurring financial income | 75 | €7,500 | - | -€7,500 | |
| Financial charges | 65/66B | €15,059 | €14,307 | -€752 | -5.0% |
| Recurring financial charges | 65 | €15,059 | €14,307 | -€752 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €7,285 | -€3,160 | -€10,445 | |
| Income taxes | 67/77 | €2,216 | -€5,457 | -€7,673 | |
| Profit (loss) for the period | 9904 | €5,069 | €2,297 | -€2,772 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,069 | €2,297 | -€2,772 | -54.7% |
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 20 October 2026 via checked.be.