DES-ELEC: what changed
What changed
DES-ELEC
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.5m-€324,479
Equity
€2.8m
2024 · €1.9m+€846,100
Cash
€405,486
2024 · €1.1m-€729,772
Balance sheet total
€5.5m
2024 · €4.7m+€774,856
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+81.1%), from €1.3m to €2.4m
of which Trade receivables: +€961,114
- Cash -€729,772
down €729,772 (-64.3%), from €1.1m to €405,486
mainly Receivables within one year (-€1.1m) and Contributions, distributions and other (-€340,000)
- Stocks and contracts +€298,825
up €298,825 (+15.2%), from €2.0m to €2.3m
- Tangible fixed assets +€83,705
up €83,705 (+37.1%), from €225,445 to €309,150
of which Leasing and similar rights: +€75,615
Equity and liabilities
- Reserves +€846,100
up €846,100 (+44.7%), from €1.9m to €2.7m
of which Distributable reserves: +€425,100
- Other debts -€160,000
down €160,000 (-32.0%), from €500,000 to €340,000
- Trade debts +€159,824
up €159,824 (+11.8%), from €1.4m to €1.5m
- Tax, wage and social debts -€100,170
down €100,170 (-41.6%), from €240,728 to €140,558
of which Taxes: -€134,911
Income statement
- Goods and materials +€2.7m
up €2.7m (+31.1%), from €8.8m to €11.6m
of which Purchases: +€2.2m
- Turnover +€2.4m
up €2.4m (+19.5%), from €12.4m to €14.8m
- Services and other goods +€257,712
up €257,712 (+31.9%), from €808,870 to €1.1m
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
€1.5m
Turnover
+€2.4m
Other operating income
+€30,767
Goods and materials
-€2.7m
Services and other goods
-€257,712
Staff costs
+€8,984
Depreciation
-€3,148
Write-downs
+€85,273
Other operating charges
+€1,470
Other operating items
-€5,351
Financial income
+€37,484
Financial charges
+€28,107
Taxes
+€72,644
Result 2025
€1.2m
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
-€299,605
Investment
-€160,369
Financing
-€269,798
Cash 2024
€1.1m
From operations (derived)
-€299,605
Net result for the year
+€1.2m
Depreciation
+€82,091
Stocks and contracts
-€298,825
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€33,157
Trade debts
+€159,824
Tax, wage and social debts
-€100,170
Advances received
-€21,503
Other debts
-€160,000
Accrued charges and deferred income
-€19,597
Investment (derived)
-€160,369
Investment in fixed assets (net)
-€160,369
Financing
-€269,798
Debts after one year
+€47,588
Current portion of long-term debt
+€22,614
Contributions, distributions and other
-€340,000
Cash 2025
€405,486
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,726,479 | €5,501,335 | +€774,856 | +16.4% |
| Fixed assets | 21/28 | €261,595 | €339,873 | +€78,278 | +29.9% |
| Intangible fixed assets | 21 | €22,410 | €16,983 | -€5,427 | -24.2% |
| Tangible fixed assets | 22/27 | €225,445 | €309,150 | +€83,705 | +37.1% |
| Land and buildings | 22 | €49,176 | €39,877 | -€9,299 | -18.9% |
| Plant, machinery and equipment | 23 | €18,701 | €8,353 | -€10,348 | -55.3% |
| Furniture and vehicles | 24 | €123,375 | €151,112 | +€27,738 | +22.5% |
| Leasing and similar rights | 25 | €34,194 | €109,808 | +€75,615 | +221% |
| Financial fixed assets | 28 | €13,740 | €13,740 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,740 | €13,740 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,740 | €13,740 | = | 0.0% |
| Current assets | 29/58 | €4,464,883 | €5,161,462 | +€696,579 | +15.6% |
| Stocks and contracts in progress | 3 | €1,970,981 | €2,269,806 | +€298,825 | +15.2% |
| Stocks | 30/36 | €1,970,981 | €2,269,806 | +€298,825 | +15.2% |
| Raw materials and consumables | 30/31 | €1,648,605 | €1,637,134 | -€11,471 | -0.7% |
| Advance payments | 36 | €322,376 | €632,672 | +€310,296 | +96.3% |
| Amounts receivable within one year | 40/41 | €1,349,629 | €2,443,997 | +€1.1m | +81.1% |
| Trade receivables | 40 | €1,206,291 | €2,167,404 | +€961,114 | +79.7% |
| Other amounts receivable | 41 | €143,339 | €276,593 | +€133,254 | +93.0% |
| Cash at bank and in hand | 54/58 | €1,135,258 | €405,486 | -€729,772 | -64.3% |
| Deferred charges and accrued income | 490/1 | €9,015 | €42,172 | +€33,157 | +368% |
| Total equity and liabilities | 10/49 | €4,726,479 | €5,501,335 | +€774,856 | +16.4% |
| Equity | 10/15 | €1,921,825 | €2,767,925 | +€846,100 | +44.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,891,825 | €2,737,925 | +€846,100 | +44.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €520,200 | €941,200 | +€421,000 | +80.9% |
| Distributable reserves | 133 | €1,371,625 | €1,796,725 | +€425,100 | +31.0% |
| Provisions and deferred taxes | 16 | €11,778 | €11,778 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,778 | €11,778 | = | 0.0% |
| Other liabilities and charges | 164/5 | €11,778 | €11,778 | = | 0.0% |
| Amounts payable | 17/49 | €2,792,875 | €2,721,631 | -€71,243 | -2.6% |
| Amounts payable after more than one year | 17 | €91,736 | €139,325 | +€47,588 | +51.9% |
| Financial debts | 170/4 | €33,260 | €78,487 | +€45,227 | +136% |
| Leasing and similar obligations | 172 | €23,108 | €75,481 | +€52,373 | +227% |
| Credit institutions | 173 | €10,152 | €3,006 | -€7,146 | -70.4% |
| Other amounts payable | 178/9 | €58,477 | €60,838 | +€2,361 | +4.0% |
| Amounts payable within one year | 42/48 | €2,681,527 | €2,582,292 | -€99,235 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €14,526 | €37,140 | +€22,614 | +156% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,352,230 | €1,512,054 | +€159,824 | +11.8% |
| Suppliers | 440/4 | €1,352,230 | €1,512,054 | +€159,824 | +11.8% |
| Advances received on contracts in progress | 46 | €574,044 | €552,541 | -€21,503 | -3.7% |
| Taxes, remuneration and social security | 45 | €240,728 | €140,558 | -€100,170 | -41.6% |
| Taxes | 450/3 | €175,169 | €40,258 | -€134,911 | -77.0% |
| Remuneration and social security | 454/9 | €65,559 | €100,300 | +€34,741 | +53.0% |
| Other amounts payable | 47/48 | €500,000 | €340,000 | -€160,000 | -32.0% |
| Accrued charges and deferred income | 492/3 | €19,611 | €14 | -€19,597 | -99.9% |
| Operating income | 70/76A | €12,462,053 | €14,915,615 | +€2.5m | +19.7% |
| Turnover | 70 | €12,401,248 | €14,820,293 | +€2.4m | +19.5% |
| Other operating income | 74 | €60,805 | €91,572 | +€30,767 | +50.6% |
| Non-recurring operating income | 76A | - | €3,750 | +€3,750 | |
| Operating charges | 60/66A | €10,564,513 | €13,480,789 | +€2.9m | +27.6% |
| Goods for resale, raw materials and consumables | 60 | €8,824,984 | €11,567,025 | +€2.7m | +31.1% |
| Purchases | 600/8 | €9,681,205 | €11,897,321 | +€2.2m | +22.9% |
| Change in stocks: decrease (increase) | 609 | -€856,221 | -€330,296 | +€525,925 | +61.4% |
| Services and other goods | 61 | €808,870 | €1,066,582 | +€257,712 | +31.9% |
| Remuneration, social security and pensions | 62 | €719,804 | €710,820 | -€8,984 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,943 | €82,091 | +€3,148 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €114,065 | €28,792 | -€85,273 | -74.8% |
| Other operating charges | 640/8 | €17,846 | €16,377 | -€1,470 | -8.2% |
| Non-recurring operating charges | 66A | €0 | €9,101 | +€9,101 | |
| Operating profit (loss) | 9901 | €1,897,540 | €1,434,826 | -€462,714 | -24.4% |
| Financial income | 75/76B | €10,802 | €48,286 | +€37,484 | +347% |
| Recurring financial income | 75 | €10,802 | €48,286 | +€37,484 | +347% |
| Income from current assets | 751 | - | €2,544 | +€2,544 | |
| Other financial income | 752/9 | €10,802 | €45,742 | +€34,940 | +323% |
| Financial charges | 65/66B | €45,384 | €17,277 | -€28,107 | -61.9% |
| Recurring financial charges | 65 | €45,384 | €17,277 | -€28,107 | -61.9% |
| Debt charges | 650 | €35,944 | €13,415 | -€22,530 | -62.7% |
| Other financial charges | 652/9 | €9,440 | €3,862 | -€5,578 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €1,862,958 | €1,465,835 | -€397,123 | -21.3% |
| Income taxes | 67/77 | €352,379 | €279,735 | -€72,644 | -20.6% |
| Taxes | 670/3 | €352,379 | €279,735 | -€72,644 | -20.6% |
| Profit (loss) for the period | 9904 | €1,510,579 | €1,186,100 | -€324,479 | -21.5% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,089,579 | €765,100 | -€324,479 | -29.8% |
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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.