Electrical Industrial Projects: 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.
Electrical Industrial Projects
Largest movements
- Cash -€185,381
down €185,381 (-58.7%), from €315,703 to €130,322
mainly Net result for the year (-€64,972) and Tax, wage and social debts (-€55,502)
- Receivables within one year +€46,845
up €46,845 (+12.3%), from €380,046 to €426,892
of which Other amounts receivable: +€125,798
- Stocks and contracts +€21,959
up €21,959 (+73.6%), from €29,840 to €51,799
- Profit (loss) carried forward -€64,972
new in 2025: -€64,972
- Tax, wage and social debts -€55,502
down €55,502 (-99.6%), from €55,737 to €235
of which Taxes: -€53,651
- Trade debts +€8,632
up €8,632 (+3.2%), from €272,468 to €281,100
- Gross operating margin -€218,365
down €218,365, from €185,865 to -€32,501
- Taxes -€53,651
no longer reported in 2025 (was €53,651)
- Financial charges +€2,937
up €2,937 (+35.8%), from €8,207 to €11,144
- Staff costs +€2,510
up €2,510 (+15.5%), from €16,193 to €18,703
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,663 | €612,513 | -€117,150 | -16.1% |
| Fixed assets | 21/28 | €4,074 | €3,501 | -€574 | -14.1% |
| Tangible fixed assets | 22/27 | €4,074 | €3,501 | -€574 | -14.1% |
| Plant, machinery and equipment | 23 | €2,992 | €2,000 | -€992 | -33.2% |
| Furniture and vehicles | 24 | €1,082 | €1,500 | +€418 | +38.7% |
| Current assets | 29/58 | €725,589 | €609,012 | -€116,576 | -16.1% |
| Stocks and contracts in progress | 3 | €29,840 | €51,799 | +€21,959 | +73.6% |
| Stocks | 30/36 | €29,840 | €51,799 | +€21,959 | +73.6% |
| Amounts receivable within one year | 40/41 | €380,046 | €426,892 | +€46,845 | +12.3% |
| Trade receivables | 40 | €283,935 | €204,982 | -€78,953 | -27.8% |
| Other amounts receivable | 41 | €96,111 | €221,910 | +€125,798 | +131% |
| Cash at bank and in hand | 54/58 | €315,703 | €130,322 | -€185,381 | -58.7% |
| Total equity and liabilities | 10/49 | €729,663 | €612,513 | -€117,150 | -16.1% |
| Equity | 10/15 | €369,907 | €304,935 | -€64,972 | -17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €349,907 | €349,907 | = | 0.0% |
| Distributable reserves | 133 | €349,907 | €349,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€64,972 | -€64,972 | |
| Amounts payable | 17/49 | €359,756 | €307,578 | -€52,178 | -14.5% |
| Amounts payable within one year | 42/48 | €359,756 | €307,578 | -€52,178 | -14.5% |
| Trade debts | 44 | €272,468 | €281,100 | +€8,632 | +3.2% |
| Suppliers | 440/4 | €272,468 | €281,100 | +€8,632 | +3.2% |
| Taxes, remuneration and social security | 45 | €55,737 | €235 | -€55,502 | -99.6% |
| Taxes | 450/3 | €53,651 | - | -€53,651 | |
| Remuneration and social security | 454/9 | €2,086 | €235 | -€1,851 | -88.7% |
| Other amounts payable | 47/48 | €31,551 | €26,243 | -€5,308 | -16.8% |
| Non-recurring operating income | 76A | €13,303 | - | -€13,303 | |
| Remuneration, social security and pensions | 62 | €16,193 | €18,703 | +€2,510 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,337 | €1,524 | +€187 | +14.0% |
| Other operating charges | 640/8 | €1,289 | €1,201 | -€89 | -6.9% |
| Gross operating margin | 9900 | €185,865 | -€32,501 | -€218,365 | |
| Operating profit (loss) | 9901 | €167,045 | -€53,928 | -€220,973 | |
| Financial income | 75/76B | €18 | €101 | +€82 | +448% |
| Recurring financial income | 75 | €18 | €101 | +€82 | +448% |
| Financial charges | 65/66B | €8,207 | €11,144 | +€2,937 | +35.8% |
| Recurring financial charges | 65 | €8,207 | €11,144 | +€2,937 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €158,856 | -€64,972 | -€223,828 | |
| Income taxes | 67/77 | €53,651 | - | -€53,651 | |
| Profit (loss) for the period | 9904 | €105,206 | -€64,972 | -€170,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,206 | -€64,972 | -€170,178 |
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 13 October 2026 via checked.be.