ELEC Installation: 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.
ELEC Installation
Largest movements
- Cash +€61,971
up €61,971 (+88.3%), from €70,153 to €132,124
mainly Net result for the year (+€99,705) and Tax, wage and social debts (+€41,812)
- Stocks and contracts -€26,769
down €26,769 (-42.2%), from €63,434 to €36,665
- Tangible fixed assets -€23,846
down €23,846 (-28.0%), from €85,036 to €61,190
of which Furniture and vehicles: -€18,629
- Receivables within one year -€11,269
down €11,269 (-4.0%), from €282,172 to €270,903
of which Other amounts receivable: -€55,347
- Other debts -€122,996
down €122,996 (-42.3%), from €290,750 to €167,754
- Profit (loss) carried forward +€99,705
up €99,705 (+1121.5%), from €8,891 to €108,596
- Tax, wage and social debts +€41,812
up €41,812 (+42.4%), from €98,679 to €140,491
of which Taxes: +€40,161
- Debts after one year -€9,765
down €9,765 (-53.6%), from €18,232 to €8,467
- Trade debts -€9,689
down €9,689 (-15.2%), from €63,652 to €53,963
- Gross operating margin -€104,178
down €104,178 (-21.5%), from €485,454 to €381,276
- Taxes -€42,799
down €42,799 (-50.9%), from €84,142 to €41,343
- Staff costs +€41,706
up €41,706 (+24.5%), from €170,290 to €211,996
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,425 | €507,636 | -€789 | -0.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €87,536 | €63,690 | -€23,846 | -27.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €85,036 | €61,190 | -€23,846 | -28.0% |
| Plant, machinery and equipment | 23 | €10,507 | €5,790 | -€4,717 | -44.9% |
| Furniture and vehicles | 24 | €71,029 | €52,401 | -€18,629 | -26.2% |
| Leasing and similar rights | 25 | €3,500 | €3,000 | -€500 | -14.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €420,889 | €443,946 | +€23,057 | +5.5% |
| Stocks and contracts in progress | 3 | €63,434 | €36,665 | -€26,769 | -42.2% |
| Stocks | 30/36 | €63,434 | €36,665 | -€26,769 | -42.2% |
| Amounts receivable within one year | 40/41 | €282,172 | €270,903 | -€11,269 | -4.0% |
| Trade receivables | 40 | €226,589 | €270,668 | +€44,078 | +19.5% |
| Other amounts receivable | 41 | €55,582 | €235 | -€55,347 | -99.6% |
| Cash at bank and in hand | 54/58 | €70,153 | €132,124 | +€61,971 | +88.3% |
| Deferred charges and accrued income | 490/1 | €5,130 | €4,254 | -€876 | -17.1% |
| Total equity and liabilities | 10/49 | €508,425 | €507,636 | -€789 | -0.2% |
| Equity | 10/15 | €27,491 | €127,196 | +€99,705 | +362.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,891 | €108,596 | +€99,705 | +1121.5% |
| Amounts payable | 17/49 | €480,934 | €380,440 | -€100,494 | -20.9% |
| Amounts payable after more than one year | 17 | €18,232 | €8,467 | -€9,765 | -53.6% |
| Financial debts | 170/4 | €18,232 | €8,467 | -€9,765 | -53.6% |
| Amounts payable within one year | 42/48 | €462,702 | €371,973 | -€90,729 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €9,621 | €9,765 | +€144 | +1.5% |
| Trade debts | 44 | €63,652 | €53,963 | -€9,689 | -15.2% |
| Suppliers | 440/4 | €63,652 | €53,963 | -€9,689 | -15.2% |
| Taxes, remuneration and social security | 45 | €98,679 | €140,491 | +€41,812 | +42.4% |
| Taxes | 450/3 | €81,597 | €121,758 | +€40,161 | +49.2% |
| Remuneration and social security | 454/9 | €17,081 | €18,732 | +€1,651 | +9.7% |
| Other amounts payable | 47/48 | €290,750 | €167,754 | -€122,996 | -42.3% |
| Remuneration, social security and pensions | 62 | €170,290 | €211,996 | +€41,706 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,042 | €23,846 | +€2,804 | +13.3% |
| Other operating charges | 640/8 | €1,822 | €1,840 | +€18 | +1.0% |
| Gross operating margin | 9900 | €485,454 | €381,276 | -€104,178 | -21.5% |
| Operating profit (loss) | 9901 | €292,301 | €143,594 | -€148,706 | -50.9% |
| Financial income | 75/76B | €1,145 | €693 | -€452 | -39.5% |
| Recurring financial income | 75 | €1,145 | €693 | -€452 | -39.5% |
| Financial charges | 65/66B | €1,277 | €3,238 | +€1,961 | +153.6% |
| Recurring financial charges | 65 | €1,277 | €3,238 | +€1,961 | +153.6% |
| Profit (loss) for the period before taxes | 9903 | €292,169 | €141,049 | -€151,120 | -51.7% |
| Income taxes | 67/77 | €84,142 | €41,343 | -€42,799 | -50.9% |
| Profit (loss) for the period | 9904 | €208,027 | €99,705 | -€108,322 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €208,027 | €99,705 | -€108,322 | -52.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.