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ELEC HOME CONSTRUCT: 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

ELEC HOME CONSTRUCT

BE 0803.015.587
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€181,513
2024 · €152,700+€28,813
Equity
€364,213
2024 · €182,700+€181,513
Cash
€44,612
2024 · €144,000-€99,388
Balance sheet total
€840,064
2024 · €294,151+€545,912

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€575,503

    up €575,503 (+442.3%), from €130,126 to €705,629

    of which Trade receivables: +€545,731

  • Cash -€99,388

    down €99,388 (-69.0%), from €144,000 to €44,612

    mainly Receivables within one year (-€575,503) and Investment in fixed assets (net) (-€76,918)

  • Tangible fixed assets +€65,357

    up €65,357 (+354.9%), from €18,417 to €83,774

    of which Land and buildings: +€50,492

Equity and liabilities
  • Trade debts +€298,647

    up €298,647 (+815.9%), from €36,605 to €335,252

  • Reserves +€150,000

    up €150,000 (+107.1%), from €140,000 to €290,000

  • Tax, wage and social debts +€66,393

    up €66,393 (+89.5%), from €74,206 to €140,598

    of which Taxes: +€57,260

  • Profit (loss) carried forward +€31,513

    up €31,513 (+248.1%), from €12,700 to €44,213

Income statement
  • Turnover +€1.6m

    new in 2025: €1.6m

  • Purchases and services +€1.0m

    new in 2025: €1.0m

  • Gross operating margin +€246,798

    up €246,798 (+74.1%), from €333,261 to €580,059

  • Staff costs +€177,484

    up €177,484 (+173.1%), from €102,550 to €280,034

  • Taxes +€34,125

    up €34,125 (+47.7%), from €71,494 to €105,618

From the 2024 result to the 2025 result

effect on the 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 €152,700
Gross operating margin +€246,798
Staff costs -€177,484
Depreciation -€5,441
Other operating charges -€523
Financial income +€3
Financial charges -€416
Taxes -€34,125
Result 2025 €181,513

Cash bridge derived

cash 2024 to 2025

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 -€22,469
Investment -€76,918
Financing €0
Cash 2024 €144,000
Net result for the year +€181,513
Depreciation +€11,562
Receivables within one year -€575,503
Deferred charges and accrued income -€4,440
Trade debts +€298,647
Tax, wage and social debts +€66,393
Other debts -€640
Investment in fixed assets (net) -€76,918
Cash 2025 €44,612
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €294,151 €840,064 +€545,912 +185.6%
Fixed assets 21/28 €20,026 €85,383 +€65,357 +326.4%
Tangible fixed assets 22/27 €18,417 €83,774 +€65,357 +354.9%
Land and buildings 22 - €50,492 +€50,492
Plant, machinery and equipment 23 - €2,619 +€2,619
Furniture and vehicles 24 €17,464 €26,142 +€8,678 +49.7%
Leasing and similar rights 25 €953 €4,521 +€3,569 +374.5%
Financial fixed assets 28 €1,609 €1,609 = 0.0%
Current assets 29/58 €274,125 €754,681 +€480,556 +175.3%
Amounts receivable within one year 40/41 €130,126 €705,629 +€575,503 +442.3%
Trade receivables 40 €102,562 €648,294 +€545,731 +532.1%
Other amounts receivable 41 €27,563 €57,335 +€29,772 +108.0%
Cash at bank and in hand 54/58 €144,000 €44,612 -€99,388 -69.0%
Deferred charges and accrued income 490/1 - €4,440 +€4,440
Total equity and liabilities 10/49 €294,151 €840,064 +€545,912 +185.6%
Equity 10/15 €182,700 €364,213 +€181,513 +99.4%
Contributions 10/11 €30,000 €30,000 = 0.0%
Reserves 13 €140,000 €290,000 +€150,000 +107.1%
Distributable reserves 133 €140,000 €290,000 +€150,000 +107.1%
Profit (loss) carried forward 14 €12,700 €44,213 +€31,513 +248.1%
Amounts payable 17/49 €111,451 €475,850 +€364,399 +327.0%
Amounts payable within one year 42/48 €111,451 €475,850 +€364,399 +327.0%
Trade debts 44 €36,605 €335,252 +€298,647 +815.9%
Suppliers 440/4 €36,605 €335,252 +€298,647 +815.9%
Taxes, remuneration and social security 45 €74,206 €140,598 +€66,393 +89.5%
Taxes 450/3 €72,048 €129,308 +€57,260 +79.5%
Remuneration and social security 454/9 €2,157 €11,290 +€9,133 +423.4%
Other amounts payable 47/48 €640 - -€640
Turnover 70 - €1,613,777 +€1.6m
Goods, raw materials, services and sundry goods 60/61 - €1,033,719 +€1.0m
Remuneration, social security and pensions 62 €102,550 €280,034 +€177,484 +173.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,120 €11,562 +€5,441 +88.9%
Other operating charges 640/8 €340 €863 +€523 +153.6%
Gross operating margin 9900 €333,261 €580,059 +€246,798 +74.1%
Operating profit (loss) 9901 €224,250 €287,600 +€63,350 +28.2%
Financial income 75/76B €3 €6 +€3 +106.8%
Recurring financial income 75 €3 €6 +€3 +106.8%
Financial charges 65/66B €59 €475 +€416 +706.5%
Recurring financial charges 65 €59 €475 +€416 +706.5%
Profit (loss) for the period before taxes 9903 €224,194 €287,131 +€62,937 +28.1%
Income taxes 67/77 €71,494 €105,618 +€34,125 +47.7%
Profit (loss) for the period 9904 €152,700 €181,513 +€28,813 +18.9%
Profit (loss) for the period to be appropriated 9905 €152,700 €181,513 +€28,813 +18.9%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.