ELEKTRO SAMAN: 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.
ELEKTRO SAMAN
Largest movements
- Stocks and contracts -€26,596
down €26,596 (-99.1%), from €26,836 to €240
of which Contracts in progress: -€25,770
- Tangible fixed assets -€6,360
down €6,360 (-58.1%), from €10,941 to €4,581
of which Furniture and vehicles: -€5,822
- Receivables within one year -€3,662
down €3,662 (-3.2%), from €114,557 to €110,896
of which Trade receivables: -€19,099
- Profit (loss) carried forward -€33,606
new in 2025: -€33,606
- Trade debts -€4,649
down €4,649 (-38.3%), from €12,124 to €7,475
- Gross operating margin -€53,759
down €53,759, from €24,858 to -€28,901
- Financial income +€2,374
up €2,374 (+4,479%), from €53 to €2,427
- Taxes -€1,510
down €1,510, from €1,509 to -€1
- Financial charges -€928
down €928 (-90.8%), from €1,023 to €95
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 | €215,183 | €176,746 | -€38,437 | -17.9% |
| Fixed assets | 21/28 | €10,941 | €4,581 | -€6,360 | -58.1% |
| Tangible fixed assets | 22/27 | €10,941 | €4,581 | -€6,360 | -58.1% |
| Plant, machinery and equipment | 23 | €654 | €318 | -€336 | -51.4% |
| Furniture and vehicles | 24 | €9,883 | €4,062 | -€5,822 | -58.9% |
| Other tangible fixed assets | 26 | €404 | €202 | -€202 | -50.0% |
| Current assets | 29/58 | €204,242 | €172,165 | -€32,077 | -15.7% |
| Stocks and contracts in progress | 3 | €26,836 | €240 | -€26,596 | -99.1% |
| Stocks | 30/36 | €1,066 | €240 | -€825 | -77.4% |
| Contracts in progress | 37 | €25,770 | €0 | -€25,770 | -100% |
| Amounts receivable within one year | 40/41 | €114,557 | €110,896 | -€3,662 | -3.2% |
| Trade receivables | 40 | €82,165 | €63,066 | -€19,099 | -23.2% |
| Other amounts receivable | 41 | €32,392 | €47,830 | +€15,438 | +47.7% |
| Cash at bank and in hand | 54/58 | €62,567 | €60,888 | -€1,679 | -2.7% |
| Deferred charges and accrued income | 490/1 | €282 | €141 | -€141 | -50.1% |
| Total equity and liabilities | 10/49 | €215,183 | €176,746 | -€38,437 | -17.9% |
| Equity | 10/15 | €201,327 | €167,721 | -€33,606 | -16.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €101,327 | €101,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €91,327 | €91,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,606 | -€33,606 | |
| Amounts payable | 17/49 | €13,856 | €9,026 | -€4,831 | -34.9% |
| Amounts payable within one year | 42/48 | €13,856 | €9,026 | -€4,831 | -34.9% |
| Trade debts | 44 | €12,124 | €7,475 | -€4,649 | -38.3% |
| Suppliers | 440/4 | €12,124 | €7,475 | -€4,649 | -38.3% |
| Taxes, remuneration and social security | 45 | €1,732 | €1,550 | -€182 | -10.5% |
| Taxes | 450/3 | €1,732 | €1,550 | -€182 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,478 | €6,360 | -€118 | -1.8% |
| Other operating charges | 640/8 | €825 | €679 | -€146 | -17.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €24,858 | -€28,901 | -€53,759 | |
| Operating profit (loss) | 9901 | €17,555 | -€35,940 | -€53,495 | |
| Financial income | 75/76B | €53 | €2,427 | +€2,374 | +4,479% |
| Recurring financial income | 75 | €53 | €2,427 | +€2,374 | +4,479% |
| Financial charges | 65/66B | €1,023 | €95 | -€928 | -90.8% |
| Recurring financial charges | 65 | €1,023 | €95 | -€928 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €16,586 | -€33,607 | -€50,193 | |
| Income taxes | 67/77 | €1,509 | -€1 | -€1,510 | |
| Profit (loss) for the period | 9904 | €15,077 | -€33,606 | -€48,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,077 | -€33,606 | -€48,683 |
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 27 October 2026 via checked.be.