ELECTRO SMEYERS: 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 SMEYERS
Largest movements
- Cash +€20,673
up €20,673 (+21.8%), from €94,960 to €115,634
mainly Current investments (+€12,438) and Other debts (+€8,324)
- Current investments -€12,438
down €12,438 (-23.2%), from €53,521 to €41,083
- Receivables within one year -€1,758
down €1,758 (-34.6%), from €5,085 to €3,327
of which Trade receivables: -€921
- Other debts +€8,324
up €8,324 (+76.6%), from €10,863 to €19,188
- Profit (loss) carried forward -€5,087
down €5,087 (-38.1%), from -€13,343 to -€18,429
- Gross operating margin -€6,659
down €6,659 (-552%), from -€1,206 to -€7,864
- Financial income +€2,589
up €2,589 (+216%), from €1,196 to €3,785
- Financial charges -€1,454
down €1,454 (-91.7%), from €1,586 to €132
- Other operating charges -€84
down €84 (-8.8%), from €959 to €875
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 | €158,443 | €162,329 | +€3,886 | +2.5% |
| Current assets | 29/58 | €158,443 | €162,329 | +€3,886 | +2.5% |
| Stocks and contracts in progress | 3 | €3,793 | €2,207 | -€1,586 | -41.8% |
| Stocks | 30/36 | €2,493 | €2,207 | -€286 | -11.5% |
| Contracts in progress | 37 | €1,300 | €0 | -€1,300 | -100% |
| Amounts receivable within one year | 40/41 | €5,085 | €3,327 | -€1,758 | -34.6% |
| Trade receivables | 40 | €3,531 | €2,609 | -€921 | -26.1% |
| Other amounts receivable | 41 | €1,554 | €717 | -€837 | -53.9% |
| Current investments | 50/53 | €53,521 | €41,083 | -€12,438 | -23.2% |
| Cash at bank and in hand | 54/58 | €94,960 | €115,634 | +€20,673 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,084 | €79 | -€1,005 | -92.7% |
| Total equity and liabilities | 10/49 | €158,443 | €162,329 | +€3,886 | +2.5% |
| Equity | 10/15 | €144,626 | €139,540 | -€5,087 | -3.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €83,601 | €83,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €62,601 | €62,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,343 | -€18,429 | -€5,087 | -38.1% |
| Amounts payable | 17/49 | €13,817 | €22,789 | +€8,972 | +64.9% |
| Amounts payable within one year | 42/48 | €13,817 | €22,789 | +€8,972 | +64.9% |
| Trade debts | 44 | €1,271 | €1,909 | +€638 | +50.2% |
| Suppliers | 440/4 | €1,271 | €1,909 | +€638 | +50.2% |
| Taxes, remuneration and social security | 45 | €1,683 | €1,693 | +€10 | +0.6% |
| Remuneration and social security | 454/9 | €1,683 | €1,693 | +€10 | +0.6% |
| Other amounts payable | 47/48 | €10,863 | €19,188 | +€8,324 | +76.6% |
| Other operating charges | 640/8 | €959 | €875 | -€84 | -8.8% |
| Gross operating margin | 9900 | -€1,206 | -€7,864 | -€6,659 | -552% |
| Operating profit (loss) | 9901 | -€2,165 | -€8,739 | -€6,575 | -304% |
| Financial income | 75/76B | €1,196 | €3,785 | +€2,589 | +216% |
| Recurring financial income | 75 | €1,196 | €3,785 | +€2,589 | +216% |
| Financial charges | 65/66B | €1,586 | €132 | -€1,454 | -91.7% |
| Recurring financial charges | 65 | €1,586 | €132 | -€1,454 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,555 | -€5,087 | -€2,532 | -99.1% |
| Profit (loss) for the period | 9904 | -€2,555 | -€5,087 | -€2,532 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,555 | -€5,087 | -€2,532 | -99.1% |
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 20 October 2026 via checked.be.