ELECTRO SMYRNA: 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 SMYRNA
Largest movements
- Cash -€9,557
down €9,557 (-57.1%), from €16,748 to €7,191
mainly Tax, wage and social debts (-€10,898) and Receivables within one year (-€6,938)
- Receivables within one year +€6,938
up €6,938 (+80.6%), from €8,613 to €15,551
of which Other amounts receivable: +€4,493
- Stocks and contracts -€2,518
down €2,518 (-13.3%), from €18,926 to €16,407
- Deferred charges and accrued income -€1,478
no longer reported in 2025 (was €1,478)
- Tax, wage and social debts -€10,898
down €10,898 (-58.5%), from €18,631 to €7,733
of which Remuneration and social security: -€13,714
- Profit (loss) carried forward +€8,741
up €8,741, from -€1,216 to €7,525
- Trade debts -€3,072
down €3,072 (-36.3%), from €8,455 to €5,383
- Current portion of long-term debt -€1,250
no longer reported in 2025 (was €1,250)
- Gross operating margin +€5,743
up €5,743 (+13.2%), from €43,483 to €49,226
- Taxes +€1,596
up €1,596 (+93.5%), from €1,707 to €3,303
- Depreciation -€1,110
no longer reported in 2025 (was €1,110)
- Staff costs +€736
up €736 (+2.1%), from €35,454 to €36,190
- Financial charges -€592
down €592 (-80.5%), from €735 to €143
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 | €45,945 | €39,149 | -€6,796 | -14.8% |
| Fixed assets | 21/28 | €180 | - | -€180 | |
| Tangible fixed assets | 22/27 | €180 | - | -€180 | |
| Furniture and vehicles | 24 | €180 | - | -€180 | |
| Current assets | 29/58 | €45,765 | €39,149 | -€6,616 | -14.5% |
| Stocks and contracts in progress | 3 | €18,926 | €16,407 | -€2,518 | -13.3% |
| Stocks | 30/36 | €18,926 | €16,407 | -€2,518 | -13.3% |
| Amounts receivable within one year | 40/41 | €8,613 | €15,551 | +€6,938 | +80.6% |
| Trade receivables | 40 | €8,613 | €11,058 | +€2,445 | +28.4% |
| Other amounts receivable | 41 | - | €4,493 | +€4,493 | |
| Cash at bank and in hand | 54/58 | €16,748 | €7,191 | -€9,557 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,478 | - | -€1,478 | |
| Total equity and liabilities | 10/49 | €45,945 | €39,149 | -€6,796 | -14.8% |
| Equity | 10/15 | €5,384 | €14,125 | +€8,741 | +162% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,216 | €7,525 | +€8,741 | |
| Amounts payable | 17/49 | €40,561 | €25,024 | -€15,537 | -38.3% |
| Amounts payable within one year | 42/48 | €40,561 | €25,024 | -€15,537 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | - | -€1,250 | |
| Trade debts | 44 | €8,455 | €5,383 | -€3,072 | -36.3% |
| Suppliers | 440/4 | €8,455 | €5,383 | -€3,072 | -36.3% |
| Taxes, remuneration and social security | 45 | €18,631 | €7,733 | -€10,898 | -58.5% |
| Taxes | 450/3 | €2,476 | €5,293 | +€2,817 | +114% |
| Remuneration and social security | 454/9 | €16,155 | €2,440 | -€13,714 | -84.9% |
| Other amounts payable | 47/48 | €12,225 | €11,908 | -€317 | -2.6% |
| Remuneration, social security and pensions | 62 | €35,454 | €36,190 | +€736 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | - | -€1,110 | |
| Other operating charges | 640/8 | €1,044 | €849 | -€195 | -18.6% |
| Gross operating margin | 9900 | €43,483 | €49,226 | +€5,743 | +13.2% |
| Operating profit (loss) | 9901 | €5,875 | €12,188 | +€6,312 | +107% |
| Financial charges | 65/66B | €735 | €143 | -€592 | -80.5% |
| Recurring financial charges | 65 | €735 | €143 | -€592 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €5,140 | €12,044 | +€6,904 | +134% |
| Income taxes | 67/77 | €1,707 | €3,303 | +€1,596 | +93.5% |
| Profit (loss) for the period | 9904 | €3,433 | €8,741 | +€5,308 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €3,433 | €8,741 | +€5,308 | +155% |
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 25 October 2026 via checked.be.