ELEKTRO SMETS: 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 SMETS
Largest movements
- Tangible fixed assets -€74,102
down €74,102 (-10.7%), from €691,027 to €616,925
of which Land and buildings: -€86,615
- Cash -€61,690
down €61,690 (-22.8%), from €270,981 to €209,291
mainly Other debts (-€163,467) and Short-term financial debts (-€150,000)
- Receivables within one year -€30,163
down €30,163 (-14.4%), from €209,476 to €179,313
of which Trade receivables: -€115,634
- Reserves +€227,451
up €227,451 (+16.0%), from €1.4m to €1.7m
of which Distributable reserves: +€227,451
- Other debts -€163,467
down €163,467 (-94.5%), from €172,967 to €9,500
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Debts after one year -€62,076
down €62,076 (-42.5%), from €145,902 to €83,827
- Tax, wage and social debts -€29,889
down €29,889 (-23.6%), from €126,400 to €96,511
of which Taxes: -€29,516
- Gross operating margin -€89,394
down €89,394 (-11.1%), from €805,546 to €716,151
- Staff costs -€43,476
down €43,476 (-17.6%), from €246,464 to €202,988
- Financial charges -€13,019
down €13,019 (-46.9%), from €27,774 to €14,755
- Taxes -€12,322
down €12,322 (-11.0%), from €112,024 to €99,702
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 | €2,175,881 | €2,022,024 | -€153,857 | -7.1% |
| Fixed assets | 21/28 | €699,327 | €617,525 | -€81,802 | -11.7% |
| Intangible fixed assets | 21 | €8,100 | €400 | -€7,700 | -95.1% |
| Tangible fixed assets | 22/27 | €691,027 | €616,925 | -€74,102 | -10.7% |
| Land and buildings | 22 | €615,488 | €528,873 | -€86,615 | -14.1% |
| Plant, machinery and equipment | 23 | €57,489 | €42,316 | -€15,173 | -26.4% |
| Furniture and vehicles | 24 | €18,050 | €45,736 | +€27,686 | +153% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,476,555 | €1,404,499 | -€72,055 | -4.9% |
| Stocks and contracts in progress | 3 | €996,098 | €1,015,895 | +€19,798 | +2.0% |
| Stocks | 30/36 | €996,098 | €1,015,895 | +€19,798 | +2.0% |
| Amounts receivable within one year | 40/41 | €209,476 | €179,313 | -€30,163 | -14.4% |
| Trade receivables | 40 | €153,313 | €37,679 | -€115,634 | -75.4% |
| Other amounts receivable | 41 | €56,163 | €141,634 | +€85,471 | +152% |
| Cash at bank and in hand | 54/58 | €270,981 | €209,291 | -€61,690 | -22.8% |
| Total equity and liabilities | 10/49 | €2,175,881 | €2,022,024 | -€153,857 | -7.1% |
| Equity | 10/15 | €1,443,957 | €1,671,408 | +€227,451 | +15.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,423,957 | €1,651,408 | +€227,451 | +16.0% |
| Non-distributable reserves | 130/1 | €38,841 | €38,841 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,841 | €38,841 | = | 0.0% |
| Distributable reserves | 133 | €1,385,116 | €1,612,568 | +€227,451 | +16.4% |
| Amounts payable | 17/49 | €731,924 | €350,616 | -€381,308 | -52.1% |
| Amounts payable after more than one year | 17 | €145,902 | €83,827 | -€62,076 | -42.5% |
| Financial debts | 170/4 | €145,902 | €83,827 | -€62,076 | -42.5% |
| Amounts payable within one year | 42/48 | €586,022 | €266,789 | -€319,232 | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €61,403 | €62,076 | +€673 | +1.1% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €75,251 | €98,702 | +€23,451 | +31.2% |
| Suppliers | 440/4 | €75,251 | €98,702 | +€23,451 | +31.2% |
| Taxes, remuneration and social security | 45 | €126,400 | €96,511 | -€29,889 | -23.6% |
| Taxes | 450/3 | €60,279 | €30,762 | -€29,516 | -49.0% |
| Remuneration and social security | 454/9 | €66,121 | €65,749 | -€373 | -0.6% |
| Other amounts payable | 47/48 | €172,967 | €9,500 | -€163,467 | -94.5% |
| Non-recurring operating income | 76A | €7,820 | - | -€7,820 | |
| Remuneration, social security and pensions | 62 | €246,464 | €202,988 | -€43,476 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,372 | €140,728 | +€5,357 | +4.0% |
| Other operating charges | 640/8 | €31,040 | €31,074 | +€34 | +0.1% |
| Gross operating margin | 9900 | €805,546 | €716,151 | -€89,394 | -11.1% |
| Operating profit (loss) | 9901 | €392,670 | €341,361 | -€51,309 | -13.1% |
| Financial income | 75/76B | €1,307 | €547 | -€760 | -58.2% |
| Recurring financial income | 75 | €1,307 | €547 | -€760 | -58.2% |
| Financial charges | 65/66B | €27,774 | €14,755 | -€13,019 | -46.9% |
| Recurring financial charges | 65 | €27,774 | €14,755 | -€13,019 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €366,204 | €327,153 | -€39,050 | -10.7% |
| Income taxes | 67/77 | €112,024 | €99,702 | -€12,322 | -11.0% |
| Profit (loss) for the period | 9904 | €254,180 | €227,451 | -€26,729 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €254,180 | €227,451 | -€26,729 | -10.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.