B ET C: what changed
What changed
B ET C
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€18,110
2024 · €12,029+€6,081
Equity
€162,004
2024 · €145,072+€16,932
Cash
€51,895
2024 · €78,865-€26,970
Balance sheet total
€502,308
2024 · €589,132-€86,824
Largest movements
Assets
- Receivables within one year -€76,723
down €76,723 (-40.8%), from €188,252 to €111,529
of which Trade receivables: -€61,414
- Cash -€26,970
down €26,970 (-34.2%), from €78,865 to €51,895
mainly Investment in fixed assets (net) (-€75,724) and Current portion of long-term debt (-€31,378)
- Tangible fixed assets +€13,067
up €13,067 (+5.0%), from €263,315 to €276,382
of which Leasing and similar rights: +€19,746
- Financial fixed assets +€7,080
up €7,080 (+84.9%), from €8,343 to €15,423
Equity and liabilities
- Current portion of long-term debt -€31,378
down €31,378 (-39.0%), from €80,525 to €49,147
- Tax, wage and social debts -€28,319
down €28,319 (-76.1%), from €37,197 to €8,879
of which Remuneration and social security: -€28,322
- Short-term financial debts -€21,810
no longer reported in 2025 (was €21,810)
- Profit (loss) carried forward +€18,110
up €18,110 (+16.7%), from €108,740 to €126,850
- Other debts -€13,700
down €13,700 (-96.1%), from €14,251 to €551
Income statement
- Turnover -€492,094
down €492,094 (-19.1%), from €2.6m to €2.1m
- Purchases and services -€396,317
down €396,317 (-21.3%), from €1.9m to €1.5m
- Gross operating margin -€98,819
down €98,819 (-13.5%), from €732,512 to €633,693
- Staff costs -€97,027
down €97,027 (-15.3%), from €632,119 to €535,092
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
€12,029
Gross operating margin
-€98,819
Staff costs
+€97,027
Depreciation
-€4,875
Other operating charges
-€814
Other operating items
+€8,839
Financial income
-€567
Financial charges
+€6,620
Taxes
-€1,330
Result 2025
€18,110
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
+€110,467
Investment
-€75,724
Financing
-€61,713
Cash 2024
€78,865
From operations (derived)
+€110,467
Net result for the year
+€18,110
Depreciation
+€57,645
Stocks and contracts
+€4,128
Receivables within one year
+€76,723
Deferred charges and accrued income
-€2,919
Trade debts
+€3,559
Tax, wage and social debts
-€28,319
Advances received
+€1,773
Other debts
-€13,700
Accrued charges and deferred income
-€6,533
Investment (derived)
-€75,724
Investment in fixed assets (net)
-€75,724
Financing
-€61,713
Debts after one year
-€7,348
Current portion of long-term debt
-€31,378
Short-term financial debts
-€21,810
Contributions, distributions and other
-€1,178
Cash 2025
€51,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,132 | €502,308 | -€86,824 | -14.7% |
| Fixed assets | 21/28 | €273,726 | €291,805 | +€18,079 | +6.6% |
| Intangible fixed assets | 21 | €2,068 | - | -€2,068 | |
| Tangible fixed assets | 22/27 | €263,315 | €276,382 | +€13,067 | +5.0% |
| Land and buildings | 22 | €183,990 | €186,196 | +€2,207 | +1.2% |
| Plant, machinery and equipment | 23 | €8,464 | €8,657 | +€193 | +2.3% |
| Furniture and vehicles | 24 | €16,084 | €7,006 | -€9,078 | -56.4% |
| Leasing and similar rights | 25 | €54,778 | €74,523 | +€19,746 | +36.0% |
| Financial fixed assets | 28 | €8,343 | €15,423 | +€7,080 | +84.9% |
| Current assets | 29/58 | €315,406 | €210,503 | -€104,903 | -33.3% |
| Stocks and contracts in progress | 3 | €31,219 | €27,090 | -€4,128 | -13.2% |
| Stocks | 30/36 | €31,219 | €27,090 | -€4,128 | -13.2% |
| Amounts receivable within one year | 40/41 | €188,252 | €111,529 | -€76,723 | -40.8% |
| Trade receivables | 40 | €153,019 | €91,605 | -€61,414 | -40.1% |
| Other amounts receivable | 41 | €35,233 | €19,924 | -€15,309 | -43.5% |
| Cash at bank and in hand | 54/58 | €78,865 | €51,895 | -€26,970 | -34.2% |
| Deferred charges and accrued income | 490/1 | €17,070 | €19,989 | +€2,919 | +17.1% |
| Total equity and liabilities | 10/49 | €589,132 | €502,308 | -€86,824 | -14.7% |
| Equity | 10/15 | €145,072 | €162,004 | +€16,932 | +11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,359 | €3,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,740 | €126,850 | +€18,110 | +16.7% |
| Investment grants | 15 | €14,381 | €13,203 | -€1,178 | -8.2% |
| Amounts payable | 17/49 | €444,060 | €340,304 | -€103,756 | -23.4% |
| Amounts payable after more than one year | 17 | €81,555 | €74,207 | -€7,348 | -9.0% |
| Financial debts | 170/4 | €79,955 | €72,607 | -€7,348 | -9.2% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €349,159 | €259,283 | -€89,875 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €80,525 | €49,147 | -€31,378 | -39.0% |
| Financial debts | 43 | €21,810 | - | -€21,810 | |
| Credit institutions | 430/8 | €21,810 | - | -€21,810 | |
| Trade debts | 44 | €192,878 | €196,437 | +€3,559 | +1.8% |
| Suppliers | 440/4 | €192,878 | €196,437 | +€3,559 | +1.8% |
| Advances received on contracts in progress | 46 | €2,497 | €4,270 | +€1,773 | +71.0% |
| Taxes, remuneration and social security | 45 | €37,197 | €8,879 | -€28,319 | -76.1% |
| Taxes | 450/3 | - | €3 | +€3 | |
| Remuneration and social security | 454/9 | €37,197 | €8,875 | -€28,322 | -76.1% |
| Other amounts payable | 47/48 | €14,251 | €551 | -€13,700 | -96.1% |
| Accrued charges and deferred income | 492/3 | €13,346 | €6,813 | -€6,533 | -49.0% |
| Turnover | 70 | €2,576,177 | €2,084,084 | -€492,094 | -19.1% |
| Non-recurring operating income | 76A | €3,214 | €182 | -€3,032 | -94.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,862,730 | €1,466,413 | -€396,317 | -21.3% |
| Remuneration, social security and pensions | 62 | €632,119 | €535,092 | -€97,027 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,770 | €57,645 | +€4,875 | +9.2% |
| Other operating charges | 640/8 | €8,625 | €9,439 | +€814 | +9.4% |
| Non-recurring operating charges | 66A | €10,110 | €1,270 | -€8,839 | -87.4% |
| Gross operating margin | 9900 | €732,512 | €633,693 | -€98,819 | -13.5% |
| Operating profit (loss) | 9901 | €28,887 | €30,246 | +€1,359 | +4.7% |
| Financial income | 75/76B | €2,949 | €2,381 | -€567 | -19.2% |
| Recurring financial income | 75 | €2,949 | €2,381 | -€567 | -19.2% |
| Financial charges | 65/66B | €13,390 | €6,770 | -€6,620 | -49.4% |
| Recurring financial charges | 65 | €13,390 | €6,770 | -€6,620 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €18,446 | €25,857 | +€7,411 | +40.2% |
| Income taxes | 67/77 | €6,417 | €7,747 | +€1,330 | +20.7% |
| Profit (loss) for the period | 9904 | €12,029 | €18,110 | +€6,081 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,029 | €18,110 | +€6,081 | +50.5% |
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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 5 November 2026 via checked.be.