Eclairbel-Neoray: 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
Eclairbel-Neoray
NACE 27.402, Manufacture of electrical equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,220
2024 · €57,927-€40,707
Equity
€1.8m
2024 · €1.8m+€17,221
Cash
€373,324
2024 · €218,960+€154,364
Balance sheet total
€2.5m
2024 · €2.7m-€185,252
Largest movements
Assets
- Receivables within one year -€222,592
down €222,592 (-21.9%), from €1.0m to €792,098
of which Trade receivables: -€237,521
- Cash +€154,364
up €154,364 (+70.5%), from €218,960 to €373,324
mainly Receivables within one year (+€222,592) and Depreciation (+€101,992)
- Tangible fixed assets -€101,992
down €101,992 (-11.5%), from €885,435 to €783,443
of which Leasing and similar rights: -€55,486
Equity and liabilities
- Short-term financial debts -€85,310
down €85,310 (-42.3%), from €201,874 to €116,564
- Debts after one year -€58,717
down €58,717 (-56.9%), from €103,129 to €44,412
- Current portion of long-term debt -€43,170
down €43,170 (-31.6%), from €136,555 to €93,385
Income statement
- Staff costs +€77,998
up €77,998 (+11.7%), from €665,828 to €743,826
- Gross operating margin +€26,890
up €26,890 (+3.0%), from €897,518 to €924,408
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
€57,927
Gross operating margin
+€26,890
Staff costs
-€77,998
Depreciation
+€4,119
Write-downs
-€500
Other operating charges
+€4,290
Other operating items
+€3,925
Financial income
-€548
Financial charges
+€727
Taxes
-€1,612
Result 2025
€17,220
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
+€341,560
Investment
€0
Financing
-€187,196
Cash 2024
€218,960
From operations (derived)
+€341,560
Net result for the year
+€17,220
Depreciation
+€101,992
Stocks and contracts
+€5,500
Receivables within one year
+€222,592
Deferred charges and accrued income
+€9,532
Trade debts
-€23,580
Tax, wage and social debts
+€10,498
Accrued charges and deferred income
-€2,194
Financing
-€187,196
Debts after one year
-€58,717
Current portion of long-term debt
-€43,170
Short-term financial debts
-€85,310
Contributions, distributions and other
+€1
Cash 2025
€373,324
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,687,991 | €2,502,739 | -€185,252 | -6.9% |
| Fixed assets | 21/28 | €887,757 | €785,765 | -€101,992 | -11.5% |
| Tangible fixed assets | 22/27 | €885,435 | €783,443 | -€101,992 | -11.5% |
| Land and buildings | 22 | €529,212 | €499,216 | -€29,996 | -5.7% |
| Plant, machinery and equipment | 23 | €15,048 | €11,460 | -€3,588 | -23.8% |
| Furniture and vehicles | 24 | €29,124 | €16,202 | -€12,922 | -44.4% |
| Leasing and similar rights | 25 | €312,051 | €256,565 | -€55,486 | -17.8% |
| Financial fixed assets | 28 | €2,322 | €2,322 | = | 0.0% |
| Current assets | 29/58 | €1,800,234 | €1,716,974 | -€83,260 | -4.6% |
| Amounts receivable after more than one year | 29 | €207,234 | €207,234 | = | 0.0% |
| Other amounts receivable | 291 | €207,234 | €207,234 | = | 0.0% |
| Stocks and contracts in progress | 3 | €45,750 | €40,250 | -€5,500 | -12.0% |
| Stocks | 30/36 | €45,750 | €40,250 | -€5,500 | -12.0% |
| Amounts receivable within one year | 40/41 | €1,014,690 | €792,098 | -€222,592 | -21.9% |
| Trade receivables | 40 | €887,544 | €650,023 | -€237,521 | -26.8% |
| Other amounts receivable | 41 | €127,146 | €142,075 | +€14,929 | +11.7% |
| Cash at bank and in hand | 54/58 | €218,960 | €373,324 | +€154,364 | +70.5% |
| Deferred charges and accrued income | 490/1 | €313,600 | €304,068 | -€9,532 | -3.0% |
| Total equity and liabilities | 10/49 | €2,687,991 | €2,502,739 | -€185,252 | -6.9% |
| Equity | 10/15 | €1,824,070 | €1,841,291 | +€17,221 | +0.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €772,058 | €789,258 | +€17,200 | +2.2% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €742,058 | €759,258 | +€17,200 | +2.3% |
| Profit (loss) carried forward | 14 | €752,012 | €752,033 | +€21 | 0.0% |
| Amounts payable | 17/49 | €863,921 | €661,448 | -€202,473 | -23.4% |
| Amounts payable after more than one year | 17 | €103,129 | €44,412 | -€58,717 | -56.9% |
| Financial debts | 170/4 | €103,129 | €44,412 | -€58,717 | -56.9% |
| Amounts payable within one year | 42/48 | €757,600 | €616,038 | -€141,562 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €136,555 | €93,385 | -€43,170 | -31.6% |
| Financial debts | 43 | €201,874 | €116,564 | -€85,310 | -42.3% |
| Credit institutions | 430/8 | €201,874 | €116,564 | -€85,310 | -42.3% |
| Trade debts | 44 | €349,557 | €325,977 | -€23,580 | -6.7% |
| Suppliers | 440/4 | €349,557 | €325,977 | -€23,580 | -6.7% |
| Taxes, remuneration and social security | 45 | €69,614 | €80,112 | +€10,498 | +15.1% |
| Taxes | 450/3 | €50,482 | €54,209 | +€3,727 | +7.4% |
| Remuneration and social security | 454/9 | €19,132 | €25,903 | +€6,771 | +35.4% |
| Accrued charges and deferred income | 492/3 | €3,192 | €998 | -€2,194 | -68.7% |
| Remuneration, social security and pensions | 62 | €665,828 | €743,826 | +€77,998 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,111 | €101,992 | -€4,119 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €29,144 | €24,854 | -€4,290 | -14.7% |
| Non-recurring operating charges | 66A | €6,442 | €2,517 | -€3,925 | -60.9% |
| Gross operating margin | 9900 | €897,518 | €924,408 | +€26,890 | +3.0% |
| Operating profit (loss) | 9901 | €89,993 | €50,719 | -€39,274 | -43.6% |
| Financial income | 75/76B | €1,546 | €998 | -€548 | -35.4% |
| Recurring financial income | 75 | €1,546 | €998 | -€548 | -35.4% |
| Financial charges | 65/66B | €26,439 | €25,712 | -€727 | -2.7% |
| Recurring financial charges | 65 | €26,439 | €25,712 | -€727 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €65,100 | €26,005 | -€39,095 | -60.1% |
| Income taxes | 67/77 | €7,173 | €8,785 | +€1,612 | +22.5% |
| Profit (loss) for the period | 9904 | €57,927 | €17,220 | -€40,707 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,927 | €17,220 | -€40,707 | -70.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.