EASYKIT GROUP: what changed
Two fiscal 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
EASYKIT GROUP
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€3.2m+€1.6m
Equity
€1.6m
2024 · €3.2m-€1.6m
Cash
€1.6m
2024 · €2.6m-€983,579
Balance sheet total
€18.1m
2024 · €22.8m-€4.7m
Largest movements
Assets
- Receivables within one year -€2.3m
down €2.3m (-53.0%), from €4.4m to €2.1m
of which Other amounts receivable: -€2.2m
- Cash -€983,579
down €983,579 (-37.5%), from €2.6m to €1.6m
mainly Debts after one year (-€2.1m) and Net result for the year (-€1.6m)
- Intangible fixed assets -€845,449
down €845,449 (-30.3%), from €2.8m to €1.9m
- Stocks and contracts -€748,951
down €748,951 (-21.1%), from €3.6m to €2.8m
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-41.5%), from €5.1m to €3.0m
- Profit (loss) carried forward -€1.6m
down €1.6m (-28.5%), from -€5.7m to -€7.3m
- Accrued charges and deferred income -€1.1m
down €1.1m (-11.1%), from €9.7m to €8.6m
- Other debts +€489,459
up €489,459, from €0 to €489,459
- Trade debts -€463,195
down €463,195 (-14.2%), from €3.3m to €2.8m
Income statement
- Turnover -€5.2m
down €5.2m (-17.9%), from €28.8m to €23.7m
- Goods and materials -€2.6m
down €2.6m (-16.7%), from €15.5m to €12.9m
of which Purchases: -€1.9m
- Services and other goods -€2.0m
down €2.0m (-19.9%), from €9.9m to €7.9m
- Staff costs -€1.5m
down €1.5m (-28.2%), from €5.2m to €3.7m
- Depreciation -€295,280
down €295,280 (-21.2%), from €1.4m to €1.1m
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
-€3.2m
Turnover
-€5.2m
Other operating income
+€117,293
Goods and materials
+€2.6m
Services and other goods
+€2.0m
Staff costs
+€1.5m
Depreciation
+€295,280
Write-downs
-€51,980
Other operating charges
+€11,751
Other operating items
+€156,696
Financial income
-€29,341
Financial charges
+€201,018
Taxes
+€2,421
Result 2025
-€1.6m
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
+€1.6m
Investment
-€414,692
Financing
-€2.1m
Cash 2024
€2.6m
From operations (derived)
+€1.6m
Net result for the year
-€1.6m
Depreciation
+€1.1m
Stocks and contracts
+€748,951
Receivables within one year
+€2.3m
Deferred charges and accrued income
-€60,337
Trade debts
-€463,195
Tax, wage and social debts
+€92,512
Other debts
+€489,459
Accrued charges and deferred income
-€1.1m
Investment (derived)
-€414,692
Investment in fixed assets (net)
-€414,692
Financing
-€2.1m
Debts after one year
-€2.1m
Current portion of long-term debt
-€3,872
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,752,404 | €18,058,265 | -€4.7m | -20.6% |
| Fixed assets | 21/28 | €11,606,000 | €10,925,504 | -€680,496 | -5.9% |
| Intangible fixed assets | 21 | €2,794,368 | €1,948,919 | -€845,449 | -30.3% |
| Tangible fixed assets | 22/27 | €464,789 | €629,742 | +€164,953 | +35.5% |
| Plant, machinery and equipment | 23 | €36,497 | €50,632 | +€14,135 | +38.7% |
| Furniture and vehicles | 24 | €375,770 | €221,036 | -€154,734 | -41.2% |
| Leasing and similar rights | 25 | - | €313,563 | +€313,563 | |
| Other tangible fixed assets | 26 | €52,522 | €44,511 | -€8,011 | -15.3% |
| Financial fixed assets | 28 | €8,346,843 | €8,346,843 | = | 0.0% |
| Affiliated companies | 280/1 | €8,311,054 | €8,311,054 | = | 0.0% |
| Participating interests | 280 | €8,311,054 | €8,311,054 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €8,724 | €8,724 | = | 0.0% |
| Participating interests | 282 | €8,724 | €8,724 | = | 0.0% |
| Other financial fixed assets | 284/8 | €27,065 | €27,065 | = | 0.0% |
| Shares | 284 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,065 | €2,065 | = | 0.0% |
| Current assets | 29/58 | €11,146,404 | €7,132,761 | -€4.0m | -36.0% |
| Stocks and contracts in progress | 3 | €3,552,921 | €2,803,970 | -€748,951 | -21.1% |
| Stocks | 30/36 | €3,552,921 | €2,803,970 | -€748,951 | -21.1% |
| Goods purchased for resale | 34 | €3,552,921 | €2,803,970 | -€748,951 | -21.1% |
| Amounts receivable within one year | 40/41 | €4,419,927 | €2,078,477 | -€2.3m | -53.0% |
| Trade receivables | 40 | €922,719 | €763,301 | -€159,418 | -17.3% |
| Other amounts receivable | 41 | €3,497,208 | €1,315,176 | -€2.2m | -62.4% |
| Cash at bank and in hand | 54/58 | €2,624,975 | €1,641,397 | -€983,579 | -37.5% |
| Deferred charges and accrued income | 490/1 | €548,581 | €608,917 | +€60,337 | +11.0% |
| Total equity and liabilities | 10/49 | €22,752,404 | €18,058,265 | -€4.7m | -20.6% |
| Equity | 10/15 | €3,206,131 | €1,591,243 | -€1.6m | -50.4% |
| Contributions | 10/11 | €8,688,059 | €8,688,059 | = | 0.0% |
| Capital | 10 | €8,688,059 | €8,688,059 | = | 0.0% |
| Issued capital | 100 | €8,688,059 | €8,688,059 | = | 0.0% |
| Reserves | 13 | €184,290 | €184,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €184,290 | €184,290 | = | 0.0% |
| Legal reserve | 130 | €184,290 | €184,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,666,218 | -€7,281,107 | -€1.6m | -28.5% |
| Amounts payable | 17/49 | €19,546,272 | €16,467,023 | -€3.1m | -15.8% |
| Amounts payable after more than one year | 17 | €5,103,123 | €2,983,704 | -€2.1m | -41.5% |
| Financial debts | 170/4 | €5,103,123 | €2,983,704 | -€2.1m | -41.5% |
| Subordinated loans | 170 | €0 | - | = | |
| Leasing and similar obligations | 172 | - | €246,341 | +€246,341 | |
| Credit institutions | 173 | €3,603,123 | €2,737,364 | -€865,759 | -24.0% |
| Other loans | 174 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Amounts payable within one year | 42/48 | €4,778,269 | €4,893,174 | +€114,904 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €935,075 | €931,203 | -€3,872 | -0.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,269,402 | €2,806,208 | -€463,195 | -14.2% |
| Suppliers | 440/4 | €3,269,402 | €2,806,208 | -€463,195 | -14.2% |
| Taxes, remuneration and social security | 45 | €573,792 | €666,304 | +€92,512 | +16.1% |
| Taxes | 450/3 | €91,219 | €96,898 | +€5,679 | +6.2% |
| Remuneration and social security | 454/9 | €482,573 | €569,406 | +€86,833 | +18.0% |
| Other amounts payable | 47/48 | €0 | €489,459 | +€489,459 | |
| Accrued charges and deferred income | 492/3 | €9,664,880 | €8,590,145 | -€1.1m | -11.1% |
| Operating income | 70/76A | €29,210,560 | €24,166,594 | -€5.0m | -17.3% |
| Turnover | 70 | €28,845,842 | €23,684,357 | -€5.2m | -17.9% |
| Other operating income | 74 | €364,719 | €482,012 | +€117,293 | +32.2% |
| Non-recurring operating income | 76A | €0 | €225 | +€225 | |
| Operating charges | 60/66A | €32,206,598 | €25,779,083 | -€6.4m | -20.0% |
| Goods for resale, raw materials and consumables | 60 | €15,507,346 | €12,920,973 | -€2.6m | -16.7% |
| Purchases | 600/8 | €14,066,328 | €12,195,014 | -€1.9m | -13.3% |
| Change in stocks: decrease (increase) | 609 | €1,441,017 | €725,958 | -€715,059 | -49.6% |
| Services and other goods | 61 | €9,879,027 | €7,916,463 | -€2.0m | -19.9% |
| Remuneration, social security and pensions | 62 | €5,204,971 | €3,737,914 | -€1.5m | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,390,467 | €1,095,188 | -€295,280 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,165 | €18,815 | +€51,980 | |
| Other operating charges | 640/8 | €28,339 | €16,588 | -€11,751 | -41.5% |
| Non-recurring operating charges | 66A | €229,613 | €73,142 | -€156,471 | -68.1% |
| Operating profit (loss) | 9901 | -€2,996,038 | -€1,612,489 | +€1.4m | +46.2% |
| Financial income | 75/76B | €225,963 | €196,622 | -€29,341 | -13.0% |
| Recurring financial income | 75 | €225,963 | €196,622 | -€29,341 | -13.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Other financial income | 752/9 | €225,963 | €196,622 | -€29,341 | -13.0% |
| Financial charges | 65/66B | €394,440 | €193,422 | -€201,018 | -51.0% |
| Recurring financial charges | 65 | €394,440 | €193,422 | -€201,018 | -51.0% |
| Debt charges | 650 | €367,228 | €179,661 | -€187,567 | -51.1% |
| Other financial charges | 652/9 | €27,212 | €13,761 | -€13,450 | -49.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€3,164,515 | -€1,609,289 | +€1.6m | +49.1% |
| Income taxes | 67/77 | €8,020 | €5,599 | -€2,421 | -30.2% |
| Taxes | 670/3 | €8,020 | €5,599 | -€2,421 | -30.2% |
| Profit (loss) for the period | 9904 | -€3,172,536 | -€1,614,889 | +€1.6m | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,172,536 | -€1,614,889 | +€1.6m | +49.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.