Electro Solutions Haegeman: 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 Haegeman
Largest movements
- Receivables within one year +€27,083
up €27,083 (+209%), from €12,935 to €40,019
of which Other amounts receivable: +€16,560
- Cash -€19,100
down €19,100 (-92.9%), from €20,553 to €1,452
mainly Receivables within one year (-€27,083) and Debts after one year (-€7,820)
- Tangible fixed assets -€7,075
down €7,075 (-15.1%), from €46,731 to €39,656
of which Furniture and vehicles: -€8,303
- Current portion of long-term debt +€9,105
up €9,105 (+104%), from €8,715 to €17,820
- Debts after one year -€7,820
down €7,820 (-30.8%), from €25,359 to €17,539
- Reserves -€2,738
down €2,738 (-7.5%), from €36,276 to €33,538
- Tax, wage and social debts +€1,823
up €1,823 (+21.3%), from €8,554 to €10,378
of which Taxes: +€1,823
- Gross operating margin -€3,102
down €3,102 (-17.8%), from €17,441 to €14,339
- Depreciation +€1,165
up €1,165 (+9.0%), from €12,900 to €14,066
- Financial income +€637
up €637 (+393%), from €162 to €799
- Taxes -€518
down €518 (-30.8%), from €1,679 to €1,161
- Financial charges -€423
down €423 (-21.3%), from €1,985 to €1,562
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,704 | €82,403 | +€699 | +0.9% |
| Fixed assets | 21/28 | €46,746 | €39,671 | -€7,075 | -15.1% |
| Tangible fixed assets | 22/27 | €46,731 | €39,656 | -€7,075 | -15.1% |
| Plant, machinery and equipment | 23 | €3,618 | €4,846 | +€1,228 | +34.0% |
| Furniture and vehicles | 24 | €43,113 | €34,809 | -€8,303 | -19.3% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €34,958 | €42,732 | +€7,773 | +22.2% |
| Amounts receivable within one year | 40/41 | €12,935 | €40,019 | +€27,083 | +209% |
| Trade receivables | 40 | €10,262 | €20,785 | +€10,524 | +103% |
| Other amounts receivable | 41 | €2,673 | €19,233 | +€16,560 | +619% |
| Cash at bank and in hand | 54/58 | €20,553 | €1,452 | -€19,100 | -92.9% |
| Deferred charges and accrued income | 490/1 | €1,471 | €1,261 | -€210 | -14.3% |
| Total equity and liabilities | 10/49 | €81,704 | €82,403 | +€699 | +0.9% |
| Equity | 10/15 | €37,276 | €34,538 | -€2,738 | -7.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,276 | €33,538 | -€2,738 | -7.5% |
| Distributable reserves | 133 | €36,276 | €33,538 | -€2,738 | -7.5% |
| Amounts payable | 17/49 | €44,428 | €47,864 | +€3,437 | +7.7% |
| Amounts payable after more than one year | 17 | €25,359 | €17,539 | -€7,820 | -30.8% |
| Financial debts | 170/4 | €25,359 | €17,539 | -€7,820 | -30.8% |
| Amounts payable within one year | 42/48 | €19,068 | €30,325 | +€11,257 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €8,715 | €17,820 | +€9,105 | +104% |
| Trade debts | 44 | €1,799 | €2,127 | +€328 | +18.3% |
| Suppliers | 440/4 | €1,799 | €2,127 | +€328 | +18.3% |
| Taxes, remuneration and social security | 45 | €8,554 | €10,378 | +€1,823 | +21.3% |
| Taxes | 450/3 | €6,054 | €7,878 | +€1,823 | +30.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,900 | €14,066 | +€1,165 | +9.0% |
| Other operating charges | 640/8 | €1,424 | €1,087 | -€337 | -23.6% |
| Gross operating margin | 9900 | €17,441 | €14,339 | -€3,102 | -17.8% |
| Operating profit (loss) | 9901 | €3,116 | -€814 | -€3,931 | |
| Financial income | 75/76B | €162 | €799 | +€637 | +393% |
| Recurring financial income | 75 | €162 | €799 | +€637 | +393% |
| Financial charges | 65/66B | €1,985 | €1,562 | -€423 | -21.3% |
| Recurring financial charges | 65 | €1,985 | €1,562 | -€423 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €1,293 | -€1,577 | -€2,870 | |
| Income taxes | 67/77 | €1,679 | €1,161 | -€518 | -30.8% |
| Profit (loss) for the period | 9904 | -€386 | -€2,738 | -€2,352 | -610% |
| Profit (loss) for the period to be appropriated | 9905 | -€386 | -€2,738 | -€2,352 | -610% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.