ELECTROSERV: 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.
ELECTROSERV
Largest movements
- Tangible fixed assets +€27,532
up €27,532 (+155%), from €17,732 to €45,264
of which Furniture and vehicles: +€34,579
- Cash -€7,870
down €7,870 (-12.2%), from €64,354 to €56,484
mainly Investment in fixed assets (net) (-€37,355) and Trade debts (-€6,651)
- Receivables within one year +€4,282
up €4,282 (+94.4%), from €4,538 to €8,819
of which Trade receivables: +€5,479
- Reserves +€23,000
up €23,000 (+28.8%), from €79,901 to €102,901
of which Distributable reserves: +€23,000
- Trade debts -€6,651
down €6,651 (-71.8%), from €9,269 to €2,618
- Tax, wage and social debts +€4,508
up €4,508, from €0 to €4,508
- Accrued charges and deferred income +€2,041
up €2,041 (+12,718%), from €16 to €2,057
- Gross operating margin +€37,803
up €37,803 (+452%), from €8,370 to €46,173
- Taxes +€10,622
up €10,622 (+2,398%), from €443 to €11,065
- Depreciation +€2,325
up €2,325 (+31.0%), from €7,498 to €9,823
- Financial charges +€2,033
up €2,033 (+999%), from €203 to €2,237
- Financial income -€702
down €702 (-45.1%), from €1,556 to €854
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 | €138,909 | €163,214 | +€24,305 | +17.5% |
| Fixed assets | 21/28 | €17,732 | €45,264 | +€27,532 | +155% |
| Tangible fixed assets | 22/27 | €17,732 | €45,264 | +€27,532 | +155% |
| Land and buildings | 22 | €4,447 | €0 | -€4,447 | -100% |
| Plant, machinery and equipment | 23 | €11,227 | €5,852 | -€5,375 | -47.9% |
| Furniture and vehicles | 24 | €2,058 | €36,637 | +€34,579 | +1,680% |
| Other tangible fixed assets | 26 | - | €2,775 | +€2,775 | |
| Current assets | 29/58 | €121,177 | €117,950 | -€3,227 | -2.7% |
| Stocks and contracts in progress | 3 | €6,415 | €5,243 | -€1,172 | -18.3% |
| Stocks | 30/36 | €6,415 | €5,243 | -€1,172 | -18.3% |
| Amounts receivable within one year | 40/41 | €4,538 | €8,819 | +€4,282 | +94.4% |
| Trade receivables | 40 | €3,091 | €8,570 | +€5,479 | +177% |
| Other amounts receivable | 41 | €1,447 | €249 | -€1,197 | -82.8% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,354 | €56,484 | -€7,870 | -12.2% |
| Deferred charges and accrued income | 490/1 | €5,870 | €7,403 | +€1,533 | +26.1% |
| Total equity and liabilities | 10/49 | €138,909 | €163,214 | +€24,305 | +17.5% |
| Equity | 10/15 | €101,704 | €125,223 | +€23,518 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,901 | €102,901 | +€23,000 | +28.8% |
| Tax-exempt reserves | 132 | €5,660 | €5,660 | = | 0.0% |
| Distributable reserves | 133 | €74,242 | €97,242 | +€23,000 | +31.0% |
| Profit (loss) carried forward | 14 | €3,203 | €3,722 | +€518 | +16.2% |
| Amounts payable | 17/49 | €37,205 | €37,991 | +€787 | +2.1% |
| Amounts payable within one year | 42/48 | €37,188 | €35,934 | -€1,255 | -3.4% |
| Trade debts | 44 | €9,269 | €2,618 | -€6,651 | -71.8% |
| Suppliers | 440/4 | €9,269 | €2,618 | -€6,651 | -71.8% |
| Taxes, remuneration and social security | 45 | €0 | €4,508 | +€4,508 | |
| Taxes | 450/3 | €0 | €4,508 | +€4,508 | |
| Other amounts payable | 47/48 | €27,920 | €28,808 | +€888 | +3.2% |
| Accrued charges and deferred income | 492/3 | €16 | €2,057 | +€2,041 | +12,718% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,498 | €9,823 | +€2,325 | +31.0% |
| Other operating charges | 640/8 | €725 | €385 | -€340 | -46.9% |
| Gross operating margin | 9900 | €8,370 | €46,173 | +€37,803 | +452% |
| Operating profit (loss) | 9901 | €147 | €35,965 | +€35,818 | +24,311% |
| Financial income | 75/76B | €1,556 | €854 | -€702 | -45.1% |
| Recurring financial income | 75 | €1,556 | €854 | -€702 | -45.1% |
| Financial charges | 65/66B | €203 | €2,237 | +€2,033 | +999% |
| Recurring financial charges | 65 | €203 | €2,237 | +€2,033 | +999% |
| Profit (loss) for the period before taxes | 9903 | €1,500 | €34,583 | +€33,083 | +2,205% |
| Income taxes | 67/77 | €443 | €11,065 | +€10,622 | +2,398% |
| Profit (loss) for the period | 9904 | €1,057 | €23,518 | +€22,461 | +2,125% |
| Profit (loss) for the period to be appropriated | 9905 | €1,057 | €23,518 | +€22,461 | +2,125% |
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 15 October 2026 via checked.be.