E-TECHNIK-BELGIEN: 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
E-TECHNIK-BELGIEN
NACE 43.211, General electrical installation work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€332
2024 · €649,060-€648,728
Equity
€4.0m
2024 · €4.0m-€6,804
Cash
€1.1m
2024 · €1.0m+€17,396
Balance sheet total
€7.0m
2024 · €7.0m+€708
Largest movements
Assets
- Financial fixed assets -€291,550
down €291,550 (-97.1%), from €300,133 to €8,583
- Tangible fixed assets +€167,953
up €167,953 (+7.2%), from €2.3m to €2.5m
of which Furniture and vehicles: +€295,278
- Receivables within one year +€132,298
up €132,298 (+9.3%), from €1.4m to €1.6m
of which Other amounts receivable: +€190,215
Equity and liabilities
- Debts after one year -€164,124
down €164,124 (-12.3%), from €1.3m to €1.2m
of which Financial debts: -€164,124
- Trade debts +€105,947
up €105,947 (+10.4%), from €1.0m to €1.1m
Income statement
- Gross operating margin -€552,471
down €552,471 (-43.8%), from €1.3m to €708,171
- Taxes -€199,141
down €199,141 (-90.3%), from €220,625 to €21,483
- Staff costs +€184,337
up €184,337 (+293.6%), from €62,777 to €247,114
- Write-downs -€81,296
down €81,296 (-77.4%), from €105,023 to €23,727
- Provisions +€71,000
up €71,000, from -€48,500 to €22,500
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
€649,060
Gross operating margin
-€552,471
Staff costs
-€184,337
Depreciation
-€22,797
Write-downs
+€81,296
Provisions
-€71,000
Other operating charges
-€50,672
Other operating items
-€47,925
Financial income
+€5,636
Financial charges
-€27,540
Taxes
+€199,141
Deferred taxes and other
+€21,941
Result 2025
€332
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
+€200,578
Investment
-€63,057
Financing
-€120,125
Cash 2024
€1.0m
From operations (derived)
+€200,578
Net result for the year
+€332
Depreciation
+€188,646
Receivables after one year
-€145
Stocks and contracts
+€7,274
Receivables within one year
-€132,298
Deferred charges and accrued income
+€16,268
Provisions
+€22,500
Trade debts
+€105,947
Tax, wage and social debts
-€27,155
Other debts
+€4,172
Accrued charges and deferred income
+€15,037
Investment (derived)
-€63,057
Investment in fixed assets (net)
-€62,727
Current investments
-€330
Financing
-€120,125
Debts after one year
-€164,124
Current portion of long-term debt
+€51,135
Contributions, distributions and other
-€7,136
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,021,498 | €7,022,206 | +€708 | 0.0% |
| Fixed assets | 21/28 | €2,653,841 | €2,527,922 | -€125,919 | -4.7% |
| Intangible fixed assets | 21 | €7,071 | €4,749 | -€2,322 | -32.8% |
| Tangible fixed assets | 22/27 | €2,346,637 | €2,514,590 | +€167,953 | +7.2% |
| Land and buildings | 22 | €1,876,105 | €1,804,795 | -€71,310 | -3.8% |
| Plant, machinery and equipment | 23 | €16,121 | €95,106 | +€78,986 | +490.0% |
| Furniture and vehicles | 24 | €319,411 | €614,689 | +€295,278 | +92.4% |
| Assets under construction and advance payments | 27 | €135,000 | €0 | -€135,000 | -100.0% |
| Financial fixed assets | 28 | €300,133 | €8,583 | -€291,550 | -97.1% |
| Current assets | 29/58 | €4,367,657 | €4,494,285 | +€126,627 | +2.9% |
| Amounts receivable after more than one year | 29 | €74,194 | €74,339 | +€145 | +0.2% |
| Other amounts receivable | 291 | €74,194 | €74,339 | +€145 | +0.2% |
| Stocks and contracts in progress | 3 | €1,795,844 | €1,788,570 | -€7,274 | -0.4% |
| Stocks | 30/36 | €1,795,844 | €1,788,570 | -€7,274 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,426,599 | €1,558,898 | +€132,298 | +9.3% |
| Trade receivables | 40 | €1,331,940 | €1,274,023 | -€57,917 | -4.3% |
| Other amounts receivable | 41 | €94,659 | €284,874 | +€190,215 | +200.9% |
| Current investments | 50/53 | €10,928 | €11,259 | +€330 | +3.0% |
| Cash at bank and in hand | 54/58 | €1,034,748 | €1,052,145 | +€17,396 | +1.7% |
| Deferred charges and accrued income | 490/1 | €25,344 | €9,076 | -€16,268 | -64.2% |
| Total equity and liabilities | 10/49 | €7,021,498 | €7,022,206 | +€708 | 0.0% |
| Equity | 10/15 | €4,042,936 | €4,036,132 | -€6,804 | -0.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €298,500 | €298,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,000 | €57,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €57,000 | €57,000 | = | 0.0% |
| Distributable reserves | 133 | €241,500 | €241,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,669,436 | €3,662,632 | -€6,804 | -0.2% |
| Provisions and deferred taxes | 16 | €27,500 | €50,000 | +€22,500 | +81.8% |
| Provisions for liabilities and charges | 160/5 | €27,500 | €50,000 | +€22,500 | +81.8% |
| Major repairs and maintenance | 162 | €27,500 | €50,000 | +€22,500 | +81.8% |
| Amounts payable | 17/49 | €2,951,062 | €2,936,074 | -€14,988 | -0.5% |
| Amounts payable after more than one year | 17 | €1,335,634 | €1,171,510 | -€164,124 | -12.3% |
| Financial debts | 170/4 | €1,257,307 | €1,093,183 | -€164,124 | -13.1% |
| Other amounts payable | 178/9 | €78,327 | €78,327 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,608,697 | €1,742,796 | +€134,099 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €350,670 | €401,805 | +€51,135 | +14.6% |
| Trade debts | 44 | €1,020,055 | €1,126,002 | +€105,947 | +10.4% |
| Suppliers | 440/4 | €1,020,055 | €1,126,002 | +€105,947 | +10.4% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €157,241 | €130,086 | -€27,155 | -17.3% |
| Taxes | 450/3 | €133,332 | €102,782 | -€30,550 | -22.9% |
| Remuneration and social security | 454/9 | €23,909 | €27,304 | +€3,396 | +14.2% |
| Other amounts payable | 47/48 | €70,731 | €74,903 | +€4,172 | +5.9% |
| Accrued charges and deferred income | 492/3 | €6,731 | €21,768 | +€15,037 | +223.4% |
| Non-recurring operating income | 76A | - | €1,706 | +€1,706 | |
| Remuneration, social security and pensions | 62 | €62,777 | €247,114 | +€184,337 | +293.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,849 | €188,646 | +€22,797 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €105,023 | €23,727 | -€81,296 | -77.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,500 | €22,500 | +€71,000 | |
| Other operating charges | 640/8 | €31,038 | €81,711 | +€50,672 | +163.3% |
| Non-recurring operating charges | 66A | €483 | €48,408 | +€47,925 | +9922.4% |
| Gross operating margin | 9900 | €1,260,642 | €708,171 | -€552,471 | -43.8% |
| Operating profit (loss) | 9901 | €943,971 | €96,065 | -€847,906 | -89.8% |
| Financial income | 75/76B | €3,482 | €9,119 | +€5,636 | +161.9% |
| Recurring financial income | 75 | €3,482 | €9,119 | +€5,636 | +161.9% |
| Financial charges | 65/66B | €77,769 | €105,309 | +€27,540 | +35.4% |
| Recurring financial charges | 65 | €77,769 | €105,309 | +€27,540 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €869,685 | -€125 | -€869,810 | |
| Transfer from deferred taxes | 780 | - | €21,941 | +€21,941 | |
| Income taxes | 67/77 | €220,625 | €21,483 | -€199,141 | -90.3% |
| Profit (loss) for the period | 9904 | €649,060 | €332 | -€648,728 | -99.9% |
| Transfer from tax-exempt reserves | 789 | - | €7,314 | +€7,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €649,060 | €7,646 | -€641,414 | -98.8% |
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.