CEGELEC CONTROL SYSTEMS & SERVICES: 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
CEGELEC CONTROL SYSTEMS & SERVICES
NACE 27.120, Manufacture of electrical equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€525,578
2024 · €884,679-€359,101
Equity
€1.3m
2024 · €1.3m+€25,578
Cash
€8.4m
2024 · €9.0m-€527,793
Balance sheet total
€9.9m
2024 · €14.2m-€4.3m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-64.1%), from €3.2m to €1.1m
of which Trade receivables: -€1.7m
- Deferred charges and accrued income -€1.7m
down €1.7m (-84.0%), from €2.1m to €332,593
- Cash -€527,793
down €527,793 (-5.9%), from €9.0m to €8.4m
mainly Advances received (-€4.3m) and Trade debts (-€586,098)
Equity and liabilities
- Advances received -€4.3m
down €4.3m (-40.6%), from €10.7m to €6.4m
- Trade debts -€586,098
down €586,098 (-35.4%), from €1.7m to €1.1m
- Other debts +€500,000
new in 2025: €500,000
Income statement
- Services and other goods +€2.6m
up €2.6m (+52.8%), from €4.8m to €7.4m
- Goods and materials -€2.0m
down €2.0m (-90.0%), from €2.2m to €217,502
- Turnover +€1.1m
up €1.1m (+14.8%), from €7.3m to €8.4m
- Other operating income -€685,177
down €685,177 (-71.2%), from €961,837 to €276,660
- Write-downs -€236,606
down €236,606, from €131,416 to -€105,190
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
€884,679
Turnover
+€1.1m
Other operating income
-€685,177
Goods and materials
+€2.0m
Services and other goods
-€2.6m
Staff costs
-€52,117
Depreciation
+€175
Write-downs
+€236,606
Other operating charges
+€1,500
Other operating items
-€175
Financial income
-€50,836
Financial charges
-€118,707
Taxes
-€165,368
Result 2025
€525,578
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€27,787
Investment
-€6
Financing
-€500,000
Cash 2024
€9.0m
From operations (derived)
-€27,787
Net result for the year
+€525,578
Receivables within one year
+€2.0m
Deferred charges and accrued income
+€1.7m
Trade debts
-€586,098
Tax, wage and social debts
+€91,147
Advances received
-€4.3m
Other debts
+€500,000
Accrued charges and deferred income
-€5
Investment (derived)
-€6
Investment in fixed assets (net)
-€6
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€8.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,232,521 | €9,916,658 | -€4.3m | -30.3% |
| Fixed assets | 21/28 | €1,501 | €1,508 | +€6 | +0.4% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €1,501 | €1,508 | +€6 | +0.4% |
| Other financial fixed assets | 284/8 | €1,501 | €1,508 | +€6 | +0.4% |
| Amounts receivable and cash guarantees | 285/8 | €1,501 | €1,508 | +€6 | +0.4% |
| Current assets | 29/58 | €14,231,020 | €9,915,150 | -€4.3m | -30.3% |
| Amounts receivable within one year | 40/41 | €3,187,678 | €1,145,220 | -€2.0m | -64.1% |
| Trade receivables | 40 | €2,740,152 | €1,087,989 | -€1.7m | -60.3% |
| Other amounts receivable | 41 | €447,526 | €57,232 | -€390,295 | -87.2% |
| Cash at bank and in hand | 54/58 | €8,965,130 | €8,437,337 | -€527,793 | -5.9% |
| Deferred charges and accrued income | 490/1 | €2,078,212 | €332,593 | -€1.7m | -84.0% |
| Total equity and liabilities | 10/49 | €14,232,521 | €9,916,658 | -€4.3m | -30.3% |
| Equity | 10/15 | €1,308,665 | €1,334,243 | +€25,578 | +2.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Uncalled capital | 101 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €42,834 | €42,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,834 | €42,834 | = | 0.0% |
| Legal reserve | 130 | €42,834 | €42,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,015,831 | €1,041,409 | +€25,578 | +2.5% |
| Amounts payable | 17/49 | €12,923,856 | €8,582,414 | -€4.3m | -33.6% |
| Amounts payable after more than one year | 17 | €251,412 | €251,412 | = | 0.0% |
| Other amounts payable | 178/9 | €251,412 | €251,412 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,672,440 | €8,331,003 | -€4.3m | -34.3% |
| Trade debts | 44 | €1,657,528 | €1,071,430 | -€586,098 | -35.4% |
| Suppliers | 440/4 | €1,657,528 | €1,071,430 | -€586,098 | -35.4% |
| Advances received on contracts in progress | 46 | €10,706,987 | €6,360,501 | -€4.3m | -40.6% |
| Taxes, remuneration and social security | 45 | €307,925 | €399,072 | +€91,147 | +29.6% |
| Taxes | 450/3 | €62,696 | €112,174 | +€49,478 | +78.9% |
| Remuneration and social security | 454/9 | €245,230 | €286,898 | +€41,669 | +17.0% |
| Other amounts payable | 47/48 | - | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | €5 | €0 | -€5 | -100% |
| Operating income | 70/76A | €8,247,922 | €8,627,821 | +€379,899 | +4.6% |
| Turnover | 70 | €7,275,438 | €8,351,161 | +€1.1m | +14.8% |
| Other operating income | 74 | €961,837 | €276,660 | -€685,177 | -71.2% |
| Non-recurring operating income | 76A | €10,647 | - | -€10,647 | |
| Operating charges | 60/66A | €7,551,545 | €7,955,635 | +€404,090 | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €2,170,181 | €217,502 | -€2.0m | -90.0% |
| Purchases | 600/8 | €2,170,181 | €217,502 | -€2.0m | -90.0% |
| Services and other goods | 61 | €4,833,345 | €7,386,750 | +€2.6m | +52.8% |
| Remuneration, social security and pensions | 62 | €404,238 | €456,354 | +€52,117 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175 | - | -€175 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131,416 | -€105,190 | -€236,606 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,719 | €219 | -€1,500 | -87.3% |
| Non-recurring operating charges | 66A | €10,473 | - | -€10,473 | |
| Operating profit (loss) | 9901 | €696,377 | €672,187 | -€24,190 | -3.5% |
| Financial income | 75/76B | €245,747 | €194,912 | -€50,836 | -20.7% |
| Recurring financial income | 75 | €245,747 | €194,912 | -€50,836 | -20.7% |
| Other financial income | 752/9 | €245,747 | €194,912 | -€50,836 | -20.7% |
| Financial charges | 65/66B | €9,640 | €128,346 | +€118,707 | +1,231% |
| Recurring financial charges | 65 | €9,640 | €66,457 | +€56,817 | +589% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €9,640 | €66,457 | +€56,817 | +589% |
| Non-recurring financial charges | 66B | - | €61,890 | +€61,890 | |
| Profit (loss) for the period before taxes | 9903 | €932,484 | €738,752 | -€193,733 | -20.8% |
| Income taxes | 67/77 | €47,806 | €213,174 | +€165,368 | +346% |
| Taxes | 670/3 | €59,000 | €213,174 | +€154,174 | +261% |
| Tax adjustments and reversals of tax provisions | 77 | €11,194 | - | -€11,194 | |
| Profit (loss) for the period | 9904 | €884,679 | €525,578 | -€359,101 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €884,679 | €525,578 | -€359,101 | -40.6% |
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 26 October 2026 via checked.be.