ELECTRONIC ASSOCIATES: 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.
What changed
ELECTRONIC ASSOCIATES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€122,525
2024 · -€2.7m+€2.8m
Equity
€2.1m
2024 · -€114,464+€2.2m
Cash
€540,342
2024 · €1.0m-€507,412
Balance sheet total
€3.8m
2024 · €2.5m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+2,588%), from €82,942 to €2.2m
of which Land and buildings: +€2.1m
- Financial fixed assets -€1.1m
down €1.1m (-87.7%), from €1.2m to €150,000
- Cash -€507,412
down €507,412 (-48.4%), from €1.0m to €540,342
mainly Investment in fixed assets (net) (-€1.1m) and Other debts (-€889,971)
- Receivables after one year +€488,000
new in 2025: €488,000
- Receivables within one year +€204,776
up €204,776 (+719%), from €28,474 to €233,251
of which Trade receivables: +€187,124
Equity and liabilities
- Contributions +€2.1m
up €2.1m (+407%), from €514,534 to €2.6m
of which Capital: +€2.1m
- Other debts -€889,971
down €889,971 (-40.6%), from €2.2m to €1.3m
- Profit (loss) carried forward +€173,963
up €173,963 (+25.6%), from -€680,436 to -€506,473
- Debts after one year -€72,522
down €72,522 (-24.1%), from €301,064 to €228,542
- Trade debts +€69,434
up €69,434 (+401%), from €17,303 to €86,737
Income statement
- Financial charges -€2.7m
down €2.7m (-99.2%), from €2.7m to €22,201
of which Non-recurring financial charges: -€2.7m
- Turnover +€441,996
new in 2025: €441,996
- Services and other goods +€113,384
up €113,384 (+562%), from €20,165 to €133,549
- Other operating income +€87,537
up €87,537 (+24,115%), from €363 to €87,900
- Staff costs +€85,332
new in 2025: €85,332
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.
Result 2024
-€2.7m
Turnover
+€441,996
Other operating income
+€87,537
Goods and materials
-€12,950
Services and other goods
-€113,384
Staff costs
-€85,332
Depreciation
-€68,120
Other operating charges
-€18,216
Other operating items
-€82,942
Financial income
+€19,056
Financial charges
+€2.7m
Taxes
-€18,062
Result 2025
€122,525
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.3m
Investment
-€1.1m
Financing
+€2.0m
Cash 2024
€1.0m
From operations (derived)
-€1.3m
Net result for the year
+€122,525
Depreciation
+€68,485
Receivables after one year
-€488,000
Receivables within one year
-€204,776
Deferred charges and accrued income
-€29,353
Trade debts
+€69,434
Tax, wage and social debts
+€20,077
Other debts
-€889,971
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
-€244
Financing
+€2.0m
Debts after one year
-€72,522
Current portion of long-term debt
-€52,599
Contributions, distributions and other
+€2.1m
Cash 2025
€540,342
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,547,737 | €3,836,792 | +€1.3m | +50.6% |
| Fixed assets | 21/28 | €1,305,763 | €2,379,857 | +€1.1m | +82.3% |
| Tangible fixed assets | 22/27 | €82,942 | €2,229,857 | +€2.1m | +2,588% |
| Land and buildings | 22 | - | €2,052,036 | +€2.1m | |
| Furniture and vehicles | 24 | - | €93,725 | +€93,725 | |
| Leasing and similar rights | 25 | €82,942 | €84,097 | +€1,155 | +1.4% |
| Financial fixed assets | 28 | €1,222,821 | €150,000 | -€1.1m | -87.7% |
| Affiliated companies | 280/1 | €1,222,821 | €150,000 | -€1.1m | -87.7% |
| Participating interests | 280 | €1,222,821 | €150,000 | -€1.1m | -87.7% |
| Current assets | 29/58 | €1,241,974 | €1,456,935 | +€214,962 | +17.3% |
| Amounts receivable after more than one year | 29 | - | €488,000 | +€488,000 | |
| Other amounts receivable | 291 | - | €488,000 | +€488,000 | |
| Amounts receivable within one year | 40/41 | €28,474 | €233,251 | +€204,776 | +719% |
| Trade receivables | 40 | €3,827 | €190,950 | +€187,124 | +4,890% |
| Other amounts receivable | 41 | €24,648 | €42,300 | +€17,653 | +71.6% |
| Current investments | 50/53 | €165,745 | €165,989 | +€244 | +0.1% |
| Other investments | 51/53 | €165,745 | €165,989 | +€244 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,047,754 | €540,342 | -€507,412 | -48.4% |
| Deferred charges and accrued income | 490/1 | - | €29,353 | +€29,353 | |
| Total equity and liabilities | 10/49 | €2,547,737 | €3,836,792 | +€1.3m | +50.6% |
| Equity | 10/15 | -€114,464 | €2,100,173 | +€2.2m | |
| Contributions | 10/11 | €514,534 | €2,606,646 | +€2.1m | +407% |
| Capital | 10 | €514,379 | €2,606,359 | +€2.1m | +407% |
| Issued capital | 100 | €514,379 | €2,606,359 | +€2.1m | +407% |
| Contributions outside capital | 11 | €155 | €287 | +€132 | +85.2% |
| Share premium | 1100/10 | €155 | €287 | +€132 | +85.2% |
| Reserves | 13 | €51,438 | - | -€51,438 | |
| Non-distributable reserves | 130/1 | €51,438 | - | -€51,438 | |
| Legal reserve | 130 | €51,438 | - | -€51,438 | |
| Profit (loss) carried forward | 14 | -€680,436 | -€506,473 | +€173,963 | +25.6% |
| Amounts payable | 17/49 | €2,662,200 | €1,736,619 | -€925,582 | -34.8% |
| Amounts payable after more than one year | 17 | €301,064 | €228,542 | -€72,522 | -24.1% |
| Financial debts | 170/4 | €301,064 | €228,542 | -€72,522 | -24.1% |
| Leasing and similar obligations | 172 | €66,406 | €67,638 | +€1,233 | +1.9% |
| Credit institutions | 173 | €234,658 | €160,903 | -€73,755 | -31.4% |
| Amounts payable within one year | 42/48 | €2,361,136 | €1,508,077 | -€853,059 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €141,909 | €89,311 | -€52,599 | -37.1% |
| Trade debts | 44 | €17,303 | €86,737 | +€69,434 | +401% |
| Suppliers | 440/4 | €17,303 | €86,737 | +€69,434 | +401% |
| Taxes, remuneration and social security | 45 | €12,237 | €32,313 | +€20,077 | +164% |
| Taxes | 450/3 | €12,237 | €32,313 | +€20,077 | +164% |
| Other amounts payable | 47/48 | €2,189,687 | €1,299,716 | -€889,971 | -40.6% |
| Operating income | 70/76A | €363 | €529,896 | +€529,533 | +145,877% |
| Turnover | 70 | - | €441,996 | +€441,996 | |
| Other operating income | 74 | €363 | €87,900 | +€87,537 | +24,115% |
| Operating charges | 60/66A | €20,727 | €401,671 | +€380,944 | +1,838% |
| Goods for resale, raw materials and consumables | 60 | - | €12,950 | +€12,950 | |
| Purchases | 600/8 | - | €12,950 | +€12,950 | |
| Services and other goods | 61 | €20,165 | €133,549 | +€113,384 | +562% |
| Remuneration, social security and pensions | 62 | - | €85,332 | +€85,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €68,485 | +€68,120 | +18,705% |
| Other operating charges | 640/8 | €198 | €18,414 | +€18,216 | +9,200% |
| Non-recurring operating charges | 66A | - | €82,942 | +€82,942 | |
| Operating profit (loss) | 9901 | -€20,364 | €128,224 | +€148,588 | |
| Financial income | 75/76B | €15,516 | €34,571 | +€19,056 | +123% |
| Recurring financial income | 75 | €15,516 | €34,571 | +€19,056 | +123% |
| Income from financial fixed assets | 750 | - | €7,179 | +€7,179 | |
| Income from current assets | 751 | - | €27,392 | +€27,392 | |
| Other financial income | 752/9 | €15,516 | €0 | -€15,515 | -100.0% |
| Financial charges | 65/66B | €2,695,144 | €22,201 | -€2.7m | -99.2% |
| Recurring financial charges | 65 | €16,790 | €22,201 | +€5,411 | +32.2% |
| Debt charges | 650 | €6,378 | €19,576 | +€13,198 | +207% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €9,923 | - | -€9,923 | |
| Other financial charges | 652/9 | €489 | €2,625 | +€2,136 | +437% |
| Non-recurring financial charges | 66B | €2,678,354 | - | -€2.7m | |
| Profit (loss) for the period before taxes | 9903 | -€2,699,992 | €140,594 | +€2.8m | |
| Income taxes | 67/77 | €7 | €18,069 | +€18,062 | +261,395% |
| Taxes | 670/3 | €7 | €18,149 | +€18,142 | +262,542% |
| Tax adjustments and reversals of tax provisions | 77 | - | €79 | +€79 | |
| Profit (loss) for the period | 9904 | -€2,699,999 | €122,525 | +€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,699,999 | €122,525 | +€2.8m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.