ELECTRO STYLMAN: 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 STYLMAN
Largest movements
- Stocks and contracts +€31,090
up €31,090 (+10.0%), from €310,036 to €341,126
- Cash -€12,089
down €12,089 (-21.0%), from €57,429 to €45,340
mainly Contributions, distributions and other (-€110,637) and Stocks and contracts (-€31,090)
- Intangible fixed assets -€10,000
down €10,000 (-30.8%), from €32,500 to €22,500
- Deferred charges and accrued income +€8,500
new in 2025: €8,500
- Tangible fixed assets -€7,639
down €7,639 (-23.9%), from €31,982 to €24,343
of which Leasing and similar rights: -€5,395
- Profit (loss) carried forward -€99,935
no longer reported in 2025 (was €99,935)
- Other debts +€79,137
up €79,137 (+284%), from €27,838 to €106,975
- Trade debts +€16,487
up €16,487 (+14.4%), from €114,431 to €130,918
- Short-term financial debts +€9,000
up €9,000 (+6.4%), from €141,000 to €150,000
- Debts after one year -€8,490
down €8,490 (-42.2%), from €20,120 to €11,629
- Gross operating margin -€29,676
down €29,676 (-18.6%), from €159,263 to €129,587
- Staff costs +€11,220
up €11,220 (+14.3%), from €78,623 to €89,843
- Taxes -€6,418
down €6,418 (-57.7%), from €11,114 to €4,696
- Financial charges -€3,473
down €3,473 (-22.9%), from €15,195 to €11,722
- Depreciation -€2,724
down €2,724 (-13.4%), from €20,363 to €17,639
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 | €456,085 | €460,955 | +€4,869 | +1.1% |
| Fixed assets | 21/28 | €64,482 | €46,843 | -€17,639 | -27.4% |
| Intangible fixed assets | 21 | €32,500 | €22,500 | -€10,000 | -30.8% |
| Tangible fixed assets | 22/27 | €31,982 | €24,343 | -€7,639 | -23.9% |
| Furniture and vehicles | 24 | €716 | €358 | -€358 | -50.0% |
| Leasing and similar rights | 25 | €17,534 | €12,139 | -€5,395 | -30.8% |
| Other tangible fixed assets | 26 | €13,731 | €11,846 | -€1,886 | -13.7% |
| Current assets | 29/58 | €391,603 | €414,112 | +€22,509 | +5.7% |
| Stocks and contracts in progress | 3 | €310,036 | €341,126 | +€31,090 | +10.0% |
| Stocks | 30/36 | €310,036 | €341,126 | +€31,090 | +10.0% |
| Amounts receivable within one year | 40/41 | €24,138 | €19,145 | -€4,993 | -20.7% |
| Trade receivables | 40 | €19,625 | €10,038 | -€9,586 | -48.8% |
| Other amounts receivable | 41 | €4,514 | €9,107 | +€4,594 | +102% |
| Cash at bank and in hand | 54/58 | €57,429 | €45,340 | -€12,089 | -21.0% |
| Deferred charges and accrued income | 490/1 | - | €8,500 | +€8,500 | |
| Total equity and liabilities | 10/49 | €456,085 | €460,955 | +€4,869 | +1.1% |
| Equity | 10/15 | €120,395 | €20,460 | -€99,935 | -83.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,935 | - | -€99,935 | |
| Amounts payable | 17/49 | €335,691 | €440,495 | +€104,804 | +31.2% |
| Amounts payable after more than one year | 17 | €20,120 | €11,629 | -€8,490 | -42.2% |
| Financial debts | 170/4 | €20,120 | €11,629 | -€8,490 | -42.2% |
| Amounts payable within one year | 42/48 | €315,571 | €428,866 | +€113,294 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €8,092 | €8,490 | +€399 | +4.9% |
| Financial debts | 43 | €141,000 | €150,000 | +€9,000 | +6.4% |
| Credit institutions | 430/8 | €141,000 | €150,000 | +€9,000 | +6.4% |
| Trade debts | 44 | €114,431 | €130,918 | +€16,487 | +14.4% |
| Suppliers | 440/4 | €114,431 | €130,918 | +€16,487 | +14.4% |
| Taxes, remuneration and social security | 45 | €24,211 | €32,482 | +€8,271 | +34.2% |
| Taxes | 450/3 | €10,414 | €17,710 | +€7,295 | +70.1% |
| Remuneration and social security | 454/9 | €13,796 | €14,772 | +€976 | +7.1% |
| Other amounts payable | 47/48 | €27,838 | €106,975 | +€79,137 | +284% |
| Remuneration, social security and pensions | 62 | €78,623 | €89,843 | +€11,220 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,363 | €17,639 | -€2,724 | -13.4% |
| Other operating charges | 640/8 | €6,050 | €6,288 | +€238 | +3.9% |
| Gross operating margin | 9900 | €159,263 | €129,587 | -€29,676 | -18.6% |
| Operating profit (loss) | 9901 | €54,227 | €15,817 | -€38,410 | -70.8% |
| Financial income | 75/76B | €9,104 | €11,304 | +€2,200 | +24.2% |
| Recurring financial income | 75 | €9,104 | €11,304 | +€2,200 | +24.2% |
| Financial charges | 65/66B | €15,195 | €11,722 | -€3,473 | -22.9% |
| Recurring financial charges | 65 | €15,195 | €11,722 | -€3,473 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €48,136 | €15,399 | -€32,737 | -68.0% |
| Income taxes | 67/77 | €11,114 | €4,696 | -€6,418 | -57.7% |
| Profit (loss) for the period | 9904 | €37,022 | €10,703 | -€26,319 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,022 | €10,703 | -€26,319 | -71.1% |
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 19 October 2026 via checked.be.