BIOLECTRIC: 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.
What changed
BIOLECTRIC
NACE 43.240, Other construction installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€451,370
2024 · €1.1m-€1.6m
Equity
€1.0m
2024 · €1.4m-€386,404
Cash
€954,291
2024 · €351,936+€602,355
Balance sheet total
€12.1m
2024 · €11.9m+€284,869
Largest movements
Assets
- Cash +€602,355
up €602,355 (+171.2%), from €351,936 to €954,291
mainly Depreciation (+€1.0m) and Advances received (+€941,797)
- Tangible fixed assets -€527,265
down €527,265 (-25.3%), from €2.1m to €1.6m
of which Plant, machinery and equipment: -€505,479
- Receivables within one year +€525,338
up €525,338 (+10.1%), from €5.2m to €5.7m
of which Other amounts receivable: +€444,962
- Current investments -€217,958
no longer reported in 2025 (was €217,958)
- Stocks and contracts -€189,467
down €189,467 (-6.7%), from €2.8m to €2.6m
of which Contracts in progress: -€613,385
Equity and liabilities
- Advances received +€941,797
up €941,797 (+22.7%), from €4.1m to €5.1m
- Short-term financial debts +€522,836
up €522,836 (+94.0%), from €556,170 to €1.1m
- Debts after one year -€467,525
down €467,525 (-37.5%), from €1.2m to €778,258
- Profit (loss) carried forward -€451,370
down €451,370 (-37.3%), from €1.2m to €757,663
- Tax, wage and social debts -€259,500
down €259,500 (-46.6%), from €557,364 to €297,864
of which Remuneration and social security: -€161,253
Income statement
- Turnover -€1.4m
down €1.4m (-7.4%), from €19.0m to €17.6m
- Goods and materials -€851,475
down €851,475 (-7.7%), from €11.1m to €10.2m
of which Purchases: -€895,577
- Staff costs -€208,852
down €208,852 (-5.4%), from €3.9m to €3.7m
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.
Result 2024
€1.1m
Turnover
-€1.4m
Other operating income
+€40,934
Goods and materials
+€851,475
Services and other goods
+€24,589
Staff costs
+€208,852
Depreciation
-€136,807
Provisions
+€111,580
Other operating charges
-€4,826
Other operating items
-€1.2m
Financial income
+€10,691
Financial charges
-€41,149
Taxes
-€16,893
Deferred taxes and other
+€2,280
Result 2025
-€451,370
Cash bridge derived
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.
From operations
+€859,362
Investment
-€357,005
Financing
+€99,999
Cash 2024
€351,936
From operations (derived)
+€859,362
Net result for the year
-€451,370
Depreciation
+€1.0m
Stocks and contracts
+€189,467
Receivables within one year
-€525,338
Deferred charges and accrued income
-€27,265
Provisions
-€106,045
Trade debts
+€57,555
Tax, wage and social debts
-€259,500
Advances received
+€941,797
Accrued charges and deferred income
+€2,433
Investment (derived)
-€357,005
Investment in fixed assets (net)
-€574,963
Current investments
+€217,958
Financing
+€99,999
Debts after one year
-€467,525
Current portion of long-term debt
-€20,278
Short-term financial debts
+€522,836
Contributions, distributions and other
+€64,966
Cash 2025
€954,291
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,860,974 | €12,145,842 | +€284,869 | +2.4% |
| Fixed assets | 21/28 | €3,249,111 | €2,786,446 | -€462,665 | -14.2% |
| Intangible fixed assets | 21 | €1,151,935 | €1,166,418 | +€14,482 | +1.3% |
| Tangible fixed assets | 22/27 | €2,086,349 | €1,559,083 | -€527,265 | -25.3% |
| Plant, machinery and equipment | 23 | €2,030,673 | €1,525,194 | -€505,479 | -24.9% |
| Furniture and vehicles | 24 | €50,969 | €27,892 | -€23,078 | -45.3% |
| Other tangible fixed assets | 26 | €4,706 | €5,997 | +€1,291 | +27.4% |
| Financial fixed assets | 28 | €10,827 | €60,945 | +€50,118 | +462.9% |
| Other financial fixed assets | 284/8 | €10,827 | €60,945 | +€50,118 | +462.9% |
| Amounts receivable and cash guarantees | 285/8 | €10,827 | €60,945 | +€50,118 | +462.9% |
| Current assets | 29/58 | €8,611,863 | €9,359,396 | +€747,534 | +8.7% |
| Stocks and contracts in progress | 3 | €2,831,031 | €2,641,564 | -€189,467 | -6.7% |
| Stocks | 30/36 | €1,762,784 | €2,186,703 | +€423,919 | +24.0% |
| Goods purchased for resale | 34 | €1,762,784 | €2,186,703 | +€423,919 | +24.0% |
| Contracts in progress | 37 | €1,068,247 | €454,862 | -€613,385 | -57.4% |
| Amounts receivable within one year | 40/41 | €5,176,974 | €5,702,312 | +€525,338 | +10.1% |
| Trade receivables | 40 | €3,237,293 | €3,317,669 | +€80,376 | +2.5% |
| Other amounts receivable | 41 | €1,939,680 | €2,384,642 | +€444,962 | +22.9% |
| Current investments | 50/53 | €217,958 | - | -€217,958 | |
| Other investments | 51/53 | €217,958 | - | -€217,958 | |
| Cash at bank and in hand | 54/58 | €351,936 | €954,291 | +€602,355 | +171.2% |
| Deferred charges and accrued income | 490/1 | €33,964 | €61,230 | +€27,265 | +80.3% |
| Total equity and liabilities | 10/49 | €11,860,974 | €12,145,842 | +€284,869 | +2.4% |
| Equity | 10/15 | €1,430,735 | €1,044,330 | -€386,404 | -27.0% |
| Contributions | 10/11 | €208,701 | €208,701 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Contributions outside capital | 11 | €78,701 | €78,701 | = | 0.0% |
| Share premium | 1100/10 | €78,701 | €78,701 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,209,034 | €757,663 | -€451,370 | -37.3% |
| Investment grants | 15 | - | €64,966 | +€64,966 | |
| Provisions and deferred taxes | 16 | €672,159 | €566,114 | -€106,045 | -15.8% |
| Provisions for liabilities and charges | 160/5 | €672,159 | €551,297 | -€120,862 | -18.0% |
| Other liabilities and charges | 164/5 | €672,159 | €551,297 | -€120,862 | -18.0% |
| Deferred taxes | 168 | - | €14,817 | +€14,817 | |
| Amounts payable | 17/49 | €9,758,080 | €10,535,398 | +€777,319 | +8.0% |
| Amounts payable after more than one year | 17 | €1,245,783 | €778,258 | -€467,525 | -37.5% |
| Financial debts | 170/4 | €1,245,783 | €778,258 | -€467,525 | -37.5% |
| Credit institutions | 173 | €1,245,783 | €778,258 | -€467,525 | -37.5% |
| Amounts payable within one year | 42/48 | €8,260,916 | €9,503,325 | +€1.2m | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €429,092 | €408,814 | -€20,278 | -4.7% |
| Financial debts | 43 | €556,170 | €1,079,006 | +€522,836 | +94.0% |
| Credit institutions | 430/8 | €556,170 | €1,079,006 | +€522,836 | +94.0% |
| Trade debts | 44 | €2,574,399 | €2,631,953 | +€57,555 | +2.2% |
| Suppliers | 440/4 | €2,574,399 | €2,631,953 | +€57,555 | +2.2% |
| Advances received on contracts in progress | 46 | €4,143,890 | €5,085,687 | +€941,797 | +22.7% |
| Taxes, remuneration and social security | 45 | €557,364 | €297,864 | -€259,500 | -46.6% |
| Taxes | 450/3 | €109,947 | €11,701 | -€98,246 | -89.4% |
| Remuneration and social security | 454/9 | €447,417 | €286,163 | -€161,253 | -36.0% |
| Accrued charges and deferred income | 492/3 | €251,381 | €253,815 | +€2,433 | +1.0% |
| Operating income | 70/76A | €20,321,563 | €17,863,127 | -€2.5m | -12.1% |
| Turnover | 70 | €18,950,924 | €17,554,455 | -€1.4m | -7.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €437,147 | -€613,385 | -€1.1m | |
| Own construction capitalised | 72 | €811,789 | €688,689 | -€123,101 | -15.2% |
| Other operating income | 74 | €101,177 | €142,111 | +€40,934 | +40.5% |
| Non-recurring operating income | 76A | €20,525 | €91,257 | +€70,732 | +344.6% |
| Operating charges | 60/66A | €19,211,041 | €18,269,662 | -€941,378 | -4.9% |
| Goods for resale, raw materials and consumables | 60 | €11,088,710 | €10,237,235 | -€851,475 | -7.7% |
| Purchases | 600/8 | €11,556,731 | €10,661,154 | -€895,577 | -7.7% |
| Change in stocks: decrease (increase) | 609 | -€468,021 | -€423,919 | +€44,102 | +9.4% |
| Services and other goods | 61 | €3,347,570 | €3,322,981 | -€24,589 | -0.7% |
| Remuneration, social security and pensions | 62 | €3,879,553 | €3,670,702 | -€208,852 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900,821 | €1,037,628 | +€136,807 | +15.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,282 | -€120,862 | -€111,580 | -1202.1% |
| Other operating charges | 640/8 | €3,669 | €8,495 | +€4,826 | +131.6% |
| Non-recurring operating charges | 66A | - | €113,484 | +€113,484 | |
| Operating profit (loss) | 9901 | €1,110,523 | -€406,536 | -€1.5m | |
| Financial income | 75/76B | €64,321 | €75,012 | +€10,691 | +16.6% |
| Recurring financial income | 75 | €64,321 | €75,012 | +€10,691 | +16.6% |
| Income from financial fixed assets | 750 | €13 | €13 | = | 0.0% |
| Income from current assets | 751 | €64,264 | €65,865 | +€1,601 | +2.5% |
| Other financial income | 752/9 | €44 | €9,134 | +€9,090 | +20463.3% |
| Financial charges | 65/66B | €59,692 | €100,841 | +€41,149 | +68.9% |
| Recurring financial charges | 65 | €59,692 | €100,841 | +€41,149 | +68.9% |
| Debt charges | 650 | €37,083 | €71,000 | +€33,918 | +91.5% |
| Other financial charges | 652/9 | €22,610 | €29,841 | +€7,231 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €1,115,151 | -€432,365 | -€1.5m | |
| Transfer from deferred taxes | 780 | - | €2,280 | +€2,280 | |
| Income taxes | 67/77 | €4,391 | €21,285 | +€16,893 | +384.7% |
| Taxes | 670/3 | €54,479 | €43,469 | -€11,009 | -20.2% |
| Tax adjustments and reversals of tax provisions | 77 | €50,087 | €22,185 | -€27,903 | -55.7% |
| Profit (loss) for the period | 9904 | €1,110,760 | -€451,370 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,110,760 | -€451,370 | -€1.6m |
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 12 October 2026 via checked.be.