Electro Nautical Technics and Services: 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 Nautical Technics and Services
Largest movements
- Tangible fixed assets +€79,531
up €79,531 (+1,870%), from €4,254 to €83,785
of which Furniture and vehicles: +€60,779
- Stocks and contracts +€27,782
up €27,782 (+94.2%), from €29,500 to €57,282
- Current investments +€19,630
new in 2025: €19,630
- Receivables within one year +€16,022
up €16,022 (+14.0%), from €114,852 to €130,874
of which Other amounts receivable: +€11,684
- Debts after one year +€73,030
new in 2025: €73,030
- Current portion of long-term debt +€30,005
new in 2025: €30,005
- Reserves +€28,000
new in 2025: €28,000
- Trade debts +€17,781
up €17,781 (+23.5%), from €75,525 to €93,307
- Write-downs -€8,319
down €8,319, from €7,162 to -€1,157
- Depreciation +€4,544
up €4,544 (+644%), from €706 to €5,250
- Financial charges +€2,759
up €2,759 (+552%), from €500 to €3,259
- Gross operating margin -€2,643
down €2,643 (-5.3%), from €49,669 to €47,026
- Taxes +€2,478
up €2,478 (+29.6%), from €8,375 to €10,853
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 | €188,047 | €335,732 | +€147,685 | +78.5% |
| Fixed assets | 21/28 | €4,254 | €83,785 | +€79,531 | +1,870% |
| Tangible fixed assets | 22/27 | €4,254 | €83,785 | +€79,531 | +1,870% |
| Plant, machinery and equipment | 23 | €4,254 | €3,263 | -€991 | -23.3% |
| Furniture and vehicles | 24 | - | €60,779 | +€60,779 | |
| Other tangible fixed assets | 26 | - | €19,744 | +€19,744 | |
| Current assets | 29/58 | €183,793 | €251,947 | +€68,154 | +37.1% |
| Stocks and contracts in progress | 3 | €29,500 | €57,282 | +€27,782 | +94.2% |
| Stocks | 30/36 | €29,500 | €57,282 | +€27,782 | +94.2% |
| Amounts receivable within one year | 40/41 | €114,852 | €130,874 | +€16,022 | +14.0% |
| Trade receivables | 40 | €102,572 | €106,910 | +€4,338 | +4.2% |
| Other amounts receivable | 41 | €12,280 | €23,964 | +€11,684 | +95.1% |
| Current investments | 50/53 | - | €19,630 | +€19,630 | |
| Cash at bank and in hand | 54/58 | €39,031 | €41,746 | +€2,715 | +7.0% |
| Deferred charges and accrued income | 490/1 | €409 | €2,415 | +€2,005 | +490% |
| Total equity and liabilities | 10/49 | €188,047 | €335,732 | +€147,685 | +78.5% |
| Equity | 10/15 | €99,404 | €127,524 | +€28,121 | +28.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €28,000 | +€28,000 | |
| Distributable reserves | 133 | - | €28,000 | +€28,000 | |
| Profit (loss) carried forward | 14 | €49,404 | €49,524 | +€121 | +0.2% |
| Amounts payable | 17/49 | €88,643 | €208,208 | +€119,565 | +135% |
| Amounts payable after more than one year | 17 | - | €73,030 | +€73,030 | |
| Financial debts | 170/4 | - | €73,030 | +€73,030 | |
| Amounts payable within one year | 42/48 | €88,643 | €135,178 | +€46,535 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | - | €30,005 | +€30,005 | |
| Financial debts | 43 | €17 | €0 | -€17 | -100% |
| Credit institutions | 430/8 | €17 | €0 | -€17 | -100% |
| Trade debts | 44 | €75,525 | €93,307 | +€17,781 | +23.5% |
| Suppliers | 440/4 | €75,525 | €93,307 | +€17,781 | +23.5% |
| Taxes, remuneration and social security | 45 | €12,475 | €11,867 | -€608 | -4.9% |
| Taxes | 450/3 | €12,475 | €11,867 | -€608 | -4.9% |
| Other amounts payable | 47/48 | €626 | €0 | -€626 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €5,250 | +€4,544 | +644% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,162 | -€1,157 | -€8,319 | |
| Other operating charges | 640/8 | €821 | €1,408 | +€586 | +71.4% |
| Gross operating margin | 9900 | €49,669 | €47,026 | -€2,643 | -5.3% |
| Operating profit (loss) | 9901 | €40,980 | €41,525 | +€545 | +1.3% |
| Financial income | 75/76B | €1,360 | €707 | -€653 | -48.0% |
| Recurring financial income | 75 | €1,360 | €707 | -€653 | -48.0% |
| Financial charges | 65/66B | €500 | €3,259 | +€2,759 | +552% |
| Recurring financial charges | 65 | €500 | €3,259 | +€2,759 | +552% |
| Profit (loss) for the period before taxes | 9903 | €41,841 | €38,973 | -€2,868 | -6.9% |
| Income taxes | 67/77 | €8,375 | €10,853 | +€2,478 | +29.6% |
| Profit (loss) for the period | 9904 | €33,466 | €28,121 | -€5,345 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,466 | €28,121 | -€5,345 | -16.0% |
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 26 October 2026 via checked.be.