ELECTRO-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.
ELECTRO-SOLUTIONS
Largest movements
- Tangible fixed assets -€205,403
down €205,403 (-16.5%), from €1.2m to €1.0m
of which Plant, machinery and equipment: -€139,185
- Stocks and contracts +€65,000
up €65,000 (+30.4%), from €213,824 to €278,824
- Receivables within one year -€55,309
down €55,309 (-98.6%), from €56,085 to €776
of which Trade receivables: -€52,890
- Debts after one year -€136,242
down €136,242 (-20.8%), from €656,563 to €520,321
of which Financial debts: -€136,242
- Other debts -€80,586
down €80,586 (-20.9%), from €385,348 to €304,762
- Trade debts +€28,975
up €28,975 (+49.6%), from €58,366 to €87,341
- Gross operating margin -€22,495
down €22,495 (-6.4%), from €353,379 to €330,884
- Financial income +€17,614
up €17,614 (+459%), from €3,835 to €21,448
of which Non-recurring financial income: +€19,409
- Financial charges -€5,604
down €5,604 (-14.4%), from €39,009 to €33,405
of which Financial charges: -€4,240
- Staff costs +€4,806
up €4,806 (+8.9%), from €53,840 to €58,646
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 | €1,543,676 | €1,358,920 | -€184,756 | -12.0% |
| Fixed assets | 21/28 | €1,242,054 | €1,036,651 | -€205,403 | -16.5% |
| Tangible fixed assets | 22/27 | €1,242,054 | €1,036,651 | -€205,403 | -16.5% |
| Land and buildings | 22 | €465,005 | €425,926 | -€39,079 | -8.4% |
| Plant, machinery and equipment | 23 | €682,763 | €543,578 | -€139,185 | -20.4% |
| Furniture and vehicles | 24 | €65,200 | €45,333 | -€19,867 | -30.5% |
| Leasing and similar rights | 25 | €29,086 | €21,815 | -€7,272 | -25.0% |
| Current assets | 29/58 | €301,622 | €322,269 | +€20,647 | +6.8% |
| Stocks and contracts in progress | 3 | €213,824 | €278,824 | +€65,000 | +30.4% |
| Stocks | 30/36 | €213,824 | €278,824 | +€65,000 | +30.4% |
| Amounts receivable within one year | 40/41 | €56,085 | €776 | -€55,309 | -98.6% |
| Trade receivables | 40 | €53,039 | €149 | -€52,890 | -99.7% |
| Other amounts receivable | 41 | €3,046 | €627 | -€2,419 | -79.4% |
| Cash at bank and in hand | 54/58 | €21,495 | €22,252 | +€757 | +3.5% |
| Deferred charges and accrued income | 490/1 | €10,219 | €20,417 | +€10,198 | +99.8% |
| Total equity and liabilities | 10/49 | €1,543,676 | €1,358,920 | -€184,756 | -12.0% |
| Equity | 10/15 | €177,323 | €183,578 | +€6,255 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,330 | €94,230 | +€5,900 | +6.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,740 | €39,740 | = | 0.0% |
| Distributable reserves | 133 | €46,730 | €52,630 | +€5,900 | +12.6% |
| Profit (loss) carried forward | 14 | €70,393 | €70,748 | +€355 | +0.5% |
| Amounts payable | 17/49 | €1,366,353 | €1,175,342 | -€191,011 | -14.0% |
| Amounts payable after more than one year | 17 | €656,563 | €520,321 | -€136,242 | -20.8% |
| Financial debts | 170/4 | €476,563 | €340,321 | -€136,242 | -28.6% |
| Other amounts payable | 178/9 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €709,790 | €655,021 | -€54,770 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €189,238 | €191,327 | +€2,089 | +1.1% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €58,366 | €87,341 | +€28,975 | +49.6% |
| Suppliers | 440/4 | €58,366 | €87,341 | +€28,975 | +49.6% |
| Taxes, remuneration and social security | 45 | €26,839 | €21,591 | -€5,248 | -19.6% |
| Taxes | 450/3 | €22,897 | €18,392 | -€4,505 | -19.7% |
| Remuneration and social security | 454/9 | €3,942 | €3,199 | -€743 | -18.8% |
| Other amounts payable | 47/48 | €385,348 | €304,762 | -€80,586 | -20.9% |
| Remuneration, social security and pensions | 62 | €53,840 | €58,646 | +€4,806 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,154 | €231,946 | -€1,208 | -0.5% |
| Other operating charges | 640/8 | €4,119 | €6,562 | +€2,444 | +59.3% |
| Non-recurring operating charges | 66A | €1,490 | - | -€1,490 | |
| Gross operating margin | 9900 | €353,379 | €330,884 | -€22,495 | -6.4% |
| Operating profit (loss) | 9901 | €60,776 | €33,729 | -€27,047 | -44.5% |
| Financial income | 75/76B | €3,835 | €21,448 | +€17,614 | +459% |
| Recurring financial income | 75 | €3,835 | €2,039 | -€1,796 | -46.8% |
| Non-recurring financial income | 76B | €0 | €19,409 | +€19,409 | |
| Financial charges | 65/66B | €39,009 | €33,405 | -€5,604 | -14.4% |
| Recurring financial charges | 65 | €33,645 | €29,405 | -€4,240 | -12.6% |
| Non-recurring financial charges | 66B | €5,364 | €4,000 | -€1,364 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €25,602 | €21,773 | -€3,829 | -15.0% |
| Income taxes | 67/77 | €12,134 | €15,518 | +€3,383 | +27.9% |
| Profit (loss) for the period | 9904 | €13,468 | €6,255 | -€7,212 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,468 | €6,255 | -€7,212 | -53.6% |
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.