ELECTRIC: 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
ELECTRIC
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€385,070
2024 · -€1.1m+€708,685
Equity
€4.1m
2024 · €4.5m-€385,070
Cash
€365,738
2024 · €668,450-€302,712
Balance sheet total
€16.1m
2024 · €17.1m-€1.0m
Largest movements
Assets
- Tangible fixed assets -€393,700
down €393,700 (-4.1%), from €9.6m to €9.2m
of which Land and buildings: -€328,966
- Receivables within one year -€324,449
down €324,449 (-11.4%), from €2.8m to €2.5m
of which Trade receivables: -€254,923
- Cash -€302,712
down €302,712 (-45.3%), from €668,450 to €365,738
mainly Debts after one year (-€644,571) and Net result for the year (-€385,070)
Equity and liabilities
- Debts after one year -€644,571
down €644,571 (-12.9%), from €5.0m to €4.3m
- Reserves -€259,674
down €259,674 (-5.9%), from €4.4m to €4.2m
of which Tax-exempt reserves: -€259,674
- Provisions -€208,292
down €208,292 (-13.9%), from €1.5m to €1.3m
of which Provisions for liabilities and charges: -€121,734
Income statement
- Turnover -€2.0m
down €2.0m (-9.5%), from €20.9m to €18.9m
- Goods and materials -€1.7m
down €1.7m (-10.8%), from €15.6m to €13.9m
of which Purchases: -€1.7m
- Services and other goods -€286,208
down €286,208 (-15.5%), from €1.9m to €1.6m
- Write-downs -€246,223
down €246,223, from €163,856 to -€82,367
- Provisions -€243,467
down €243,467, from €121,734 to -€121,734
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
-€1.1m
Turnover
-€2.0m
Other operating income
-€21,901
Goods and materials
+€1.7m
Services and other goods
+€286,208
Staff costs
+€171,665
Depreciation
-€30,267
Write-downs
+€246,223
Provisions
+€243,467
Other operating charges
-€989
Other operating items
+€70,917
Financial income
-€26,074
Financial charges
+€69,727
Taxes
+€396
Deferred taxes and other
+€3,541
Result 2025
-€385,070
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
+€317,297
Investment
-€127,241
Financing
-€492,768
Cash 2024
€668,450
From operations (derived)
+€317,297
Net result for the year
-€385,070
Depreciation
+€605,494
Stocks and contracts
-€84,469
Receivables within one year
+€324,449
Deferred charges and accrued income
-€4,438
Provisions
-€208,292
Trade debts
+€47,763
Tax, wage and social debts
+€53,930
Advances received
-€45,426
Accrued charges and deferred income
+€13,356
Investment (derived)
-€127,241
Investment in fixed assets (net)
-€127,241
Financing
-€492,768
Debts after one year
-€644,571
Current portion of long-term debt
-€3,757
Short-term financial debts
+€155,560
Cash 2025
€365,738
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,081,561 | €16,065,055 | -€1.0m | -6.0% |
| Fixed assets | 21/28 | €9,995,754 | €9,517,502 | -€478,252 | -4.8% |
| Intangible fixed assets | 21 | €302,727 | €215,625 | -€87,102 | -28.8% |
| Tangible fixed assets | 22/27 | €9,631,399 | €9,237,698 | -€393,700 | -4.1% |
| Land and buildings | 22 | €9,235,892 | €8,906,926 | -€328,966 | -3.6% |
| Plant, machinery and equipment | 23 | €99,267 | €57,805 | -€41,461 | -41.8% |
| Furniture and vehicles | 24 | €246,850 | €244,679 | -€2,171 | -0.9% |
| Leasing and similar rights | 25 | €24,444 | €8,956 | -€15,488 | -63.4% |
| Other tangible fixed assets | 26 | €24,947 | €19,332 | -€5,615 | -22.5% |
| Financial fixed assets | 28 | €61,628 | €64,178 | +€2,550 | +4.1% |
| Other financial fixed assets | 284/8 | €61,628 | €64,178 | +€2,550 | +4.1% |
| Shares | 284 | €620 | €620 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €61,009 | €63,559 | +€2,550 | +4.2% |
| Current assets | 29/58 | €7,085,807 | €6,547,552 | -€538,255 | -7.6% |
| Stocks and contracts in progress | 3 | €3,428,429 | €3,512,898 | +€84,469 | +2.5% |
| Stocks | 30/36 | €3,428,429 | €3,512,898 | +€84,469 | +2.5% |
| Goods purchased for resale | 34 | €3,428,429 | €3,512,898 | +€84,469 | +2.5% |
| Amounts receivable within one year | 40/41 | €2,833,691 | €2,509,241 | -€324,449 | -11.4% |
| Trade receivables | 40 | €2,735,244 | €2,480,321 | -€254,923 | -9.3% |
| Other amounts receivable | 41 | €98,447 | €28,920 | -€69,526 | -70.6% |
| Current investments | 50/53 | €51,934 | €51,934 | = | 0.0% |
| Other investments | 51/53 | €51,934 | €51,934 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €668,450 | €365,738 | -€302,712 | -45.3% |
| Deferred charges and accrued income | 490/1 | €103,303 | €107,741 | +€4,438 | +4.3% |
| Total equity and liabilities | 10/49 | €17,081,561 | €16,065,055 | -€1.0m | -6.0% |
| Equity | 10/15 | €4,455,087 | €4,070,017 | -€385,070 | -8.6% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €4,411,276 | €4,151,602 | -€259,674 | -5.9% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,341,276 | €4,081,602 | -€259,674 | -6.0% |
| Profit (loss) carried forward | 14 | -€656,189 | -€781,585 | -€125,396 | -19.1% |
| Provisions and deferred taxes | 16 | €1,496,481 | €1,288,189 | -€208,292 | -13.9% |
| Provisions for liabilities and charges | 160/5 | €121,734 | - | -€121,734 | |
| Other liabilities and charges | 164/5 | €121,734 | - | -€121,734 | |
| Deferred taxes | 168 | €1,374,747 | €1,288,189 | -€86,558 | -6.3% |
| Amounts payable | 17/49 | €11,129,993 | €10,706,848 | -€423,145 | -3.8% |
| Amounts payable after more than one year | 17 | €4,984,027 | €4,339,457 | -€644,571 | -12.9% |
| Financial debts | 170/4 | €4,984,027 | €4,339,457 | -€644,571 | -12.9% |
| Leasing and similar obligations | 172 | €11,300 | - | -€11,300 | |
| Credit institutions | 173 | €4,792,727 | €4,154,813 | -€637,914 | -13.3% |
| Other loans | 174 | €180,000 | €184,644 | +€4,644 | +2.6% |
| Amounts payable within one year | 42/48 | €6,138,525 | €6,346,595 | +€208,070 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €652,972 | €649,214 | -€3,757 | -0.6% |
| Financial debts | 43 | €2,081,280 | €2,236,840 | +€155,560 | +7.5% |
| Credit institutions | 430/8 | €2,081,280 | €2,236,840 | +€155,560 | +7.5% |
| Trade debts | 44 | €2,508,606 | €2,556,369 | +€47,763 | +1.9% |
| Suppliers | 440/4 | €2,508,606 | €2,556,369 | +€47,763 | +1.9% |
| Advances received on contracts in progress | 46 | €45,426 | - | -€45,426 | |
| Taxes, remuneration and social security | 45 | €833,929 | €887,859 | +€53,930 | +6.5% |
| Taxes | 450/3 | €366,844 | €292,710 | -€74,133 | -20.2% |
| Remuneration and social security | 454/9 | €467,086 | €595,148 | +€128,063 | +27.4% |
| Other amounts payable | 47/48 | €16,312 | €16,312 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,441 | €20,797 | +€13,356 | +179% |
| Operating income | 70/76A | €21,009,666 | €19,068,371 | -€1.9m | -9.2% |
| Turnover | 70 | €20,883,439 | €18,900,912 | -€2.0m | -9.5% |
| Other operating income | 74 | €122,827 | €100,926 | -€21,901 | -17.8% |
| Non-recurring operating income | 76A | €3,400 | €66,532 | +€63,133 | +1,857% |
| Operating charges | 60/66A | €21,929,403 | €19,327,012 | -€2.6m | -11.9% |
| Goods for resale, raw materials and consumables | 60 | €15,595,559 | €13,917,260 | -€1.7m | -10.8% |
| Purchases | 600/8 | €15,687,029 | €13,962,414 | -€1.7m | -11.0% |
| Change in stocks: decrease (increase) | 609 | -€91,470 | -€45,154 | +€46,316 | +50.6% |
| Services and other goods | 61 | €1,851,036 | €1,564,828 | -€286,208 | -15.5% |
| Remuneration, social security and pensions | 62 | €3,542,042 | €3,370,377 | -€171,665 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €575,226 | €605,494 | +€30,267 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €163,856 | -€82,367 | -€246,223 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €121,734 | -€121,734 | -€243,467 | |
| Other operating charges | 640/8 | €72,165 | €73,154 | +€989 | +1.4% |
| Non-recurring operating charges | 66A | €7,784 | - | -€7,784 | |
| Operating profit (loss) | 9901 | -€919,736 | -€258,642 | +€661,095 | +71.9% |
| Financial income | 75/76B | €113,337 | €87,263 | -€26,074 | -23.0% |
| Recurring financial income | 75 | €112,736 | €87,146 | -€25,590 | -22.7% |
| Other financial income | 752/9 | €112,736 | €87,146 | -€25,590 | -22.7% |
| Non-recurring financial income | 76B | €601 | €117 | -€484 | -80.5% |
| Financial charges | 65/66B | €363,652 | €293,925 | -€69,727 | -19.2% |
| Recurring financial charges | 65 | €363,330 | €293,786 | -€69,543 | -19.1% |
| Debt charges | 650 | €313,090 | €244,255 | -€68,835 | -22.0% |
| Other financial charges | 652/9 | €50,239 | €49,531 | -€708 | -1.4% |
| Non-recurring financial charges | 66B | €322 | €138 | -€184 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,170,051 | -€465,303 | +€704,748 | +60.2% |
| Transfer from deferred taxes | 780 | €83,017 | €86,558 | +€3,541 | +4.3% |
| Income taxes | 67/77 | €6,721 | €6,325 | -€396 | -5.9% |
| Taxes | 670/3 | €6,721 | €6,521 | -€200 | -3.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €196 | +€196 | |
| Profit (loss) for the period | 9904 | -€1,093,755 | -€385,070 | +€708,685 | +64.8% |
| Transfer from tax-exempt reserves | 789 | €249,052 | €259,674 | +€10,622 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€844,703 | -€125,396 | +€719,307 | +85.2% |
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 14 October 2026 via checked.be.