ELECTRONIC DESIGN: 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.
ELECTRONIC DESIGN
Largest movements
- Stocks and contracts -€88,906
down €88,906 (-33.1%), from €268,506 to €179,600
- Intangible fixed assets -€38,959
down €38,959 (-20.7%), from €187,828 to €148,869
- Receivables within one year +€21,703
up €21,703 (+18.1%), from €120,041 to €141,743
of which Trade receivables: +€38,609
- Receivables after one year -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Cash +€10,041
up €10,041 (+80.4%), from €12,494 to €22,535
mainly Other debts (+€89,581) and Stocks and contracts (+€88,906)
- Debts after one year -€125,675
down €125,675 (-100.0%), from €125,675 to €0
of which Trade debts: -€100,597
- Other debts +€89,581
up €89,581 (+37144.2%), from €241 to €89,822
- Profit (loss) carried forward +€44,140
up €44,140, from -€44,140 to €0
- Accrued charges and deferred income -€35,266
down €35,266 (-100.0%), from €35,266 to €0
- Trade debts -€27,693
down €27,693 (-35.7%), from €77,627 to €49,934
- Staff costs -€24,773
down €24,773 (-74.2%), from €33,385 to €8,612
- Other operating charges -€3,194
down €3,194 (-54.5%), from €5,865 to €2,671
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,278 | €498,157 | -€111,121 | -18.2% |
| Fixed assets | 21/28 | €193,238 | €154,279 | -€38,959 | -20.2% |
| Intangible fixed assets | 21 | €187,828 | €148,869 | -€38,959 | -20.7% |
| Financial fixed assets | 28 | €5,410 | €5,410 | = | 0.0% |
| Current assets | 29/58 | €416,040 | €343,878 | -€72,162 | -17.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100.0% |
| Trade receivables | 290 | €15,000 | €0 | -€15,000 | -100.0% |
| Stocks and contracts in progress | 3 | €268,506 | €179,600 | -€88,906 | -33.1% |
| Stocks | 30/36 | €268,506 | €179,600 | -€88,906 | -33.1% |
| Amounts receivable within one year | 40/41 | €120,041 | €141,743 | +€21,703 | +18.1% |
| Trade receivables | 40 | €103,134 | €141,743 | +€38,609 | +37.4% |
| Other amounts receivable | 41 | €16,906 | €0 | -€16,906 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,494 | €22,535 | +€10,041 | +80.4% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €609,278 | €498,157 | -€111,121 | -18.2% |
| Equity | 10/15 | €195,518 | €228,933 | +€33,415 | +17.1% |
| Contributions | 10/11 | €24,792 | €24,792 | = | 0.0% |
| Contributions outside capital | 11 | €24,792 | - | -€24,792 | |
| Share premium | 1100/10 | €24,792 | - | -€24,792 | |
| Reserves | 13 | €214,866 | €204,141 | -€10,725 | -5.0% |
| Non-distributable reserves | 130/1 | €8,060 | €0 | -€8,060 | -100.0% |
| Reserves not available under the articles | 1311 | €8,060 | €0 | -€8,060 | -100.0% |
| Tax-exempt reserves | 132 | €14,749 | €0 | -€14,749 | -100.0% |
| Distributable reserves | 133 | €192,057 | €204,141 | +€12,084 | +6.3% |
| Profit (loss) carried forward | 14 | -€44,140 | €0 | +€44,140 | |
| Amounts payable | 17/49 | €413,760 | €269,224 | -€144,536 | -34.9% |
| Amounts payable after more than one year | 17 | €125,675 | €0 | -€125,675 | -100.0% |
| Financial debts | 170/4 | €25,078 | €0 | -€25,078 | -100.0% |
| Trade debts | 175 | €100,597 | - | -€100,597 | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €252,819 | €269,224 | +€16,405 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €27,079 | €23,537 | -€3,541 | -13.1% |
| Financial debts | 43 | €130,000 | €104,324 | -€25,676 | -19.8% |
| Credit institutions | 430/8 | €130,000 | €104,324 | -€25,676 | -19.8% |
| Trade debts | 44 | €77,627 | €49,934 | -€27,693 | -35.7% |
| Suppliers | 440/4 | €77,627 | €49,934 | -€27,693 | -35.7% |
| Taxes, remuneration and social security | 45 | €17,873 | €1,607 | -€16,265 | -91.0% |
| Taxes | 450/3 | €5,138 | €1,607 | -€3,530 | -68.7% |
| Remuneration and social security | 454/9 | €12,735 | €0 | -€12,735 | -100.0% |
| Other amounts payable | 47/48 | €241 | €89,822 | +€89,581 | +37144.2% |
| Accrued charges and deferred income | 492/3 | €35,266 | €0 | -€35,266 | -100.0% |
| Non-recurring operating income | 76A | €183 | €0 | -€183 | -100.0% |
| Remuneration, social security and pensions | 62 | €33,385 | €8,612 | -€24,773 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,959 | €38,959 | = | 0.0% |
| Other operating charges | 640/8 | €5,865 | €2,671 | -€3,194 | -54.5% |
| Non-recurring operating charges | 66A | €34,188 | - | -€34,188 | |
| Gross operating margin | 9900 | €111,741 | €112,603 | +€862 | +0.8% |
| Operating profit (loss) | 9901 | -€656 | €62,361 | +€63,017 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €12,499 | €13,387 | +€887 | +7.1% |
| Recurring financial charges | 65 | €12,499 | €13,387 | +€887 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,155 | €48,983 | +€62,138 | |
| Income taxes | 67/77 | - | €819 | +€819 | |
| Profit (loss) for the period | 9904 | -€13,155 | €48,164 | +€61,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,155 | €48,164 | +€61,319 |
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 12 October 2026 via checked.be.