AC ELEK: what changed
What changed
AC ELEK
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€5,932
2024 · €29,637-€23,705
Equity
€216,247
2024 · €211,565+€4,682
Cash
€10,794
2024 · €15,186-€4,392
Balance sheet total
€579,509
2024 · €605,182-€25,674
Largest movements
Assets
- Tangible fixed assets -€17,033
down €17,033 (-4.2%), from €403,413 to €386,381
of which Land and buildings: -€14,654
Equity and liabilities
- Current portion of long-term debt -€49,715
down €49,715 (-71.2%), from €69,825 to €20,110
- Trade debts +€31,681
up €31,681 (+57.2%), from €55,423 to €87,104
- Debts after one year -€20,110
down €20,110 (-7.7%), from €261,366 to €241,256
- Tax, wage and social debts +€7,675
up €7,675 (+136%), from €5,650 to €13,324
of which Remuneration and social security: +€8,424
Income statement
- Staff costs +€33,103
new in 2025: €33,103
- Gross operating margin +€13,151
up €13,151 (+19.7%), from €66,925 to €80,076
- Other operating charges +€10,592
up €10,592 (+148%), from €7,160 to €17,752
- Taxes -€2,361
down €2,361 (-70.1%), from €3,368 to €1,008
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,637
Gross operating margin
+€13,151
Staff costs
-€33,103
Depreciation
-€616
Other operating charges
-€10,592
Other operating items
+€4,979
Financial income
+€265
Financial charges
-€149
Taxes
+€2,361
Result 2025
€5,932
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€74,200
Investment
-€7,517
Financing
-€71,075
Cash 2024
€15,186
From operations (derived)
+€74,200
Net result for the year
+€5,932
Depreciation
+€21,239
Receivables within one year
+€4,678
Deferred charges and accrued income
+€2,881
Trade debts
+€31,681
Tax, wage and social debts
+€7,675
Other debts
-€39
Accrued charges and deferred income
+€152
Investment (derived)
-€7,517
Investment in fixed assets (net)
-€2,937
Current investments
-€4,580
Financing
-€71,075
Debts after one year
-€20,110
Current portion of long-term debt
-€49,715
Contributions, distributions and other
-€1,250
Cash 2025
€10,794
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,182 | €579,509 | -€25,674 | -4.2% |
| Fixed assets | 21/28 | €404,683 | €386,381 | -€18,303 | -4.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €403,413 | €386,381 | -€17,033 | -4.2% |
| Land and buildings | 22 | €384,073 | €369,419 | -€14,654 | -3.8% |
| Plant, machinery and equipment | 23 | €15,578 | €11,002 | -€4,576 | -29.4% |
| Furniture and vehicles | 24 | €3,762 | €5,960 | +€2,198 | +58.4% |
| Financial fixed assets | 28 | €1,270 | - | -€1,270 | |
| Current assets | 29/58 | €200,499 | €193,128 | -€7,371 | -3.7% |
| Amounts receivable within one year | 40/41 | €181,158 | €176,480 | -€4,678 | -2.6% |
| Trade receivables | 40 | €81,214 | €82,102 | +€889 | +1.1% |
| Other amounts receivable | 41 | €99,945 | €94,378 | -€5,567 | -5.6% |
| Current investments | 50/53 | €1,020 | €5,600 | +€4,580 | +449% |
| Cash at bank and in hand | 54/58 | €15,186 | €10,794 | -€4,392 | -28.9% |
| Deferred charges and accrued income | 490/1 | €3,135 | €254 | -€2,881 | -91.9% |
| Total equity and liabilities | 10/49 | €605,182 | €579,509 | -€25,674 | -4.2% |
| Equity | 10/15 | €211,565 | €216,247 | +€4,682 | +2.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €210,965 | €215,647 | +€4,682 | +2.2% |
| Distributable reserves | 133 | €210,965 | €215,647 | +€4,682 | +2.2% |
| Amounts payable | 17/49 | €393,617 | €363,262 | -€30,356 | -7.7% |
| Amounts payable after more than one year | 17 | €261,366 | €241,256 | -€20,110 | -7.7% |
| Financial debts | 170/4 | €261,366 | €241,256 | -€20,110 | -7.7% |
| Amounts payable within one year | 42/48 | €132,186 | €121,788 | -€10,398 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €69,825 | €20,110 | -€49,715 | -71.2% |
| Trade debts | 44 | €55,423 | €87,104 | +€31,681 | +57.2% |
| Suppliers | 440/4 | €55,423 | €87,104 | +€31,681 | +57.2% |
| Taxes, remuneration and social security | 45 | €5,650 | €13,324 | +€7,675 | +136% |
| Taxes | 450/3 | €5,650 | €4,901 | -€749 | -13.3% |
| Remuneration and social security | 454/9 | - | €8,424 | +€8,424 | |
| Other amounts payable | 47/48 | €1,289 | €1,250 | -€39 | -3.0% |
| Accrued charges and deferred income | 492/3 | €66 | €218 | +€152 | +232% |
| Non-recurring operating income | 76A | €1,350 | €452 | -€898 | -66.5% |
| Remuneration, social security and pensions | 62 | - | €33,103 | +€33,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,623 | €21,239 | +€616 | +3.0% |
| Other operating charges | 640/8 | €7,160 | €17,752 | +€10,592 | +148% |
| Non-recurring operating charges | 66A | €4,979 | - | -€4,979 | |
| Gross operating margin | 9900 | €66,925 | €80,076 | +€13,151 | +19.7% |
| Operating profit (loss) | 9901 | €34,163 | €7,982 | -€26,181 | -76.6% |
| Financial income | 75/76B | €5,050 | €5,314 | +€265 | +5.2% |
| Recurring financial income | 75 | €5,050 | €5,314 | +€265 | +5.2% |
| Financial charges | 65/66B | €6,207 | €6,356 | +€149 | +2.4% |
| Recurring financial charges | 65 | €6,207 | €6,356 | +€149 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €33,006 | €6,940 | -€26,066 | -79.0% |
| Income taxes | 67/77 | €3,368 | €1,008 | -€2,361 | -70.1% |
| Profit (loss) for the period | 9904 | €29,637 | €5,932 | -€23,705 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,637 | €5,932 | -€23,705 | -80.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.