Electrical & Maintenance Solutions: 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 & Maintenance Solutions
Largest movements
- Receivables within one year +€33,583
up €33,583 (+107%), from €31,350 to €64,933
of which Other amounts receivable: +€30,671
- Cash -€3,430
down €3,430 (-4.0%), from €85,352 to €81,922
mainly Receivables within one year (-€33,583) and Tax, wage and social debts (-€791)
- Reserves +€24,807
up €24,807 (+44.9%), from €55,192 to €79,999
- Trade debts +€5,728
up €5,728 (+1,129%), from €508 to €6,236
- Gross operating margin -€35,931
down €35,931 (-50.5%), from €71,160 to €35,228
- Taxes -€5,320
down €5,320 (-35.2%), from €15,097 to €9,777
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 | €117,309 | €147,054 | +€29,745 | +25.4% |
| Fixed assets | 21/28 | €607 | €199 | -€408 | -67.2% |
| Tangible fixed assets | 22/27 | €607 | €199 | -€408 | -67.2% |
| Plant, machinery and equipment | 23 | €607 | €199 | -€408 | -67.2% |
| Current assets | 29/58 | €116,702 | €146,855 | +€30,153 | +25.8% |
| Amounts receivable within one year | 40/41 | €31,350 | €64,933 | +€33,583 | +107% |
| Trade receivables | 40 | €28,518 | €31,430 | +€2,912 | +10.2% |
| Other amounts receivable | 41 | €2,832 | €33,503 | +€30,671 | +1,083% |
| Cash at bank and in hand | 54/58 | €85,352 | €81,922 | -€3,430 | -4.0% |
| Total equity and liabilities | 10/49 | €117,309 | €147,054 | +€29,745 | +25.4% |
| Equity | 10/15 | €86,206 | €111,013 | +€24,807 | +28.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,192 | €79,999 | +€24,807 | +44.9% |
| Distributable reserves | 133 | €55,192 | €79,999 | +€24,807 | +44.9% |
| Profit (loss) carried forward | 14 | €28,514 | €28,514 | = | 0.0% |
| Amounts payable | 17/49 | €31,102 | €36,040 | +€4,938 | +15.9% |
| Amounts payable within one year | 42/48 | €31,102 | €36,040 | +€4,938 | +15.9% |
| Trade debts | 44 | €508 | €6,236 | +€5,728 | +1,129% |
| Suppliers | 440/4 | €508 | €6,236 | +€5,728 | +1,129% |
| Taxes, remuneration and social security | 45 | €30,595 | €29,804 | -€791 | -2.6% |
| Taxes | 450/3 | €30,595 | €29,804 | -€791 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €434 | = | 0.0% |
| Other operating charges | 640/8 | €394 | €163 | -€231 | -58.5% |
| Gross operating margin | 9900 | €71,160 | €35,228 | -€35,931 | -50.5% |
| Operating profit (loss) | 9901 | €70,332 | €34,631 | -€35,701 | -50.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €42 | €47 | +€4 | +10.3% |
| Recurring financial charges | 65 | €42 | €47 | +€4 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €70,289 | €34,584 | -€35,705 | -50.8% |
| Income taxes | 67/77 | €15,097 | €9,777 | -€5,320 | -35.2% |
| Profit (loss) for the period | 9904 | €55,192 | €24,807 | -€30,385 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,192 | €24,807 | -€30,385 | -55.1% |
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.