ADEC ELECTRO: what changed
What changed
ADEC ELECTRO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€45,812
2024 · €49,258-€3,446
Equity
€336,799
2024 · €290,987+€45,812
Cash
€98,718
2024 · €96,962+€1,755
Balance sheet total
€822,711
2024 · €729,025+€93,686
Largest movements
Assets
- Current investments +€71,772
new in 2025: €71,772
- Tangible fixed assets +€13,753
up €13,753 (+2.4%), from €563,726 to €577,479
of which Furniture and vehicles: +€34,797
- Receivables within one year +€13,263
up €13,263 (+26.7%), from €49,717 to €62,980
of which Other amounts receivable: +€10,291
Equity and liabilities
- Other debts +€64,214
up €64,214 (+43.7%), from €146,983 to €211,197
- Reserves +€45,812
up €45,812 (+16.1%), from €284,787 to €330,599
- Trade debts -€18,788
down €18,788 (-43.5%), from €43,149 to €24,362
Income statement
- Depreciation +€9,747
up €9,747 (+43.5%), from €22,395 to €32,142
- Taxes -€6,483
down €6,483 (-26.0%), from €24,974 to €18,491
- Gross operating margin +€6,091
up €6,091 (+5.6%), from €109,134 to €115,226
- Financial charges +€4,176
up €4,176 (+30.0%), from €13,938 to €18,115
- Staff costs +€2,274
new in 2025: €2,274
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
€49,258
Gross operating margin
+€6,091
Staff costs
-€2,274
Depreciation
-€9,747
Other operating charges
-€1,321
Financial income
+€1,498
Financial charges
-€4,176
Taxes
+€6,483
Result 2025
€45,812
raises the resultlowers the result
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
+€117,544
Investment
-€117,667
Financing
+€1,878
Cash 2024
€96,962
From operations (derived)
+€117,544
Net result for the year
+€45,812
Depreciation
+€32,142
Stocks and contracts
+€1,301
Receivables within one year
-€13,263
Deferred charges and accrued income
+€5,554
Trade debts
-€18,788
Tax, wage and social debts
+€798
Other debts
+€64,214
Accrued charges and deferred income
-€228
Investment (derived)
-€117,667
Investment in fixed assets (net)
-€45,895
Current investments
-€71,772
Financing
+€1,878
Debts after one year
-€883
Current portion of long-term debt
+€2,762
Cash 2025
€98,718
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,025 | €822,711 | +€93,686 | +12.9% |
| Fixed assets | 21/28 | €563,726 | €577,479 | +€13,753 | +2.4% |
| Tangible fixed assets | 22/27 | €563,726 | €577,479 | +€13,753 | +2.4% |
| Land and buildings | 22 | €563,198 | €538,711 | -€24,487 | -4.3% |
| Plant, machinery and equipment | 23 | €528 | €3,971 | +€3,443 | +652% |
| Furniture and vehicles | 24 | - | €34,797 | +€34,797 | |
| Current assets | 29/58 | €165,298 | €245,232 | +€79,934 | +48.4% |
| Stocks and contracts in progress | 3 | €13,064 | €11,763 | -€1,301 | -10.0% |
| Stocks | 30/36 | €13,064 | €8,723 | -€4,341 | -33.2% |
| Contracts in progress | 37 | - | €3,040 | +€3,040 | |
| Amounts receivable within one year | 40/41 | €49,717 | €62,980 | +€13,263 | +26.7% |
| Trade receivables | 40 | €49,582 | €52,554 | +€2,971 | +6.0% |
| Other amounts receivable | 41 | €135 | €10,426 | +€10,291 | +7,623% |
| Current investments | 50/53 | - | €71,772 | +€71,772 | |
| Cash at bank and in hand | 54/58 | €96,962 | €98,718 | +€1,755 | +1.8% |
| Deferred charges and accrued income | 490/1 | €5,554 | - | -€5,554 | |
| Total equity and liabilities | 10/49 | €729,025 | €822,711 | +€93,686 | +12.9% |
| Equity | 10/15 | €290,987 | €336,799 | +€45,812 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,787 | €330,599 | +€45,812 | +16.1% |
| Distributable reserves | 133 | €284,787 | €330,599 | +€45,812 | +16.1% |
| Amounts payable | 17/49 | €438,038 | €485,912 | +€47,874 | +10.9% |
| Amounts payable after more than one year | 17 | €216,054 | €215,171 | -€883 | -0.4% |
| Financial debts | 170/4 | €216,054 | €215,171 | -€883 | -0.4% |
| Amounts payable within one year | 42/48 | €221,755 | €270,742 | +€48,986 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €23,005 | €25,767 | +€2,762 | +12.0% |
| Trade debts | 44 | €43,149 | €24,362 | -€18,788 | -43.5% |
| Suppliers | 440/4 | €43,149 | €24,362 | -€18,788 | -43.5% |
| Advances received on contracts in progress | 46 | €754 | €754 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,864 | €8,662 | +€798 | +10.2% |
| Taxes | 450/3 | €4,164 | €4,962 | +€798 | +19.2% |
| Remuneration and social security | 454/9 | €3,700 | €3,700 | = | 0.0% |
| Other amounts payable | 47/48 | €146,983 | €211,197 | +€64,214 | +43.7% |
| Accrued charges and deferred income | 492/3 | €228 | - | -€228 | |
| Remuneration, social security and pensions | 62 | - | €2,274 | +€2,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,395 | €32,142 | +€9,747 | +43.5% |
| Other operating charges | 640/8 | €2,450 | €3,771 | +€1,321 | +53.9% |
| Gross operating margin | 9900 | €109,134 | €115,226 | +€6,091 | +5.6% |
| Operating profit (loss) | 9901 | €84,290 | €77,038 | -€7,251 | -8.6% |
| Financial income | 75/76B | €3,881 | €5,379 | +€1,498 | +38.6% |
| Recurring financial income | 75 | €3,881 | €5,379 | +€1,498 | +38.6% |
| Financial charges | 65/66B | €13,938 | €18,115 | +€4,176 | +30.0% |
| Recurring financial charges | 65 | €13,938 | €18,115 | +€4,176 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €74,232 | €64,303 | -€9,929 | -13.4% |
| Income taxes | 67/77 | €24,974 | €18,491 | -€6,483 | -26.0% |
| Profit (loss) for the period | 9904 | €49,258 | €45,812 | -€3,446 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,258 | €45,812 | -€3,446 | -7.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.