ELECTRICAL NETWORK DESIGN: 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 NETWORK DESIGN
Largest movements
- Tangible fixed assets -€49,249
down €49,249 (-15.4%), from €318,775 to €269,526
of which Land and buildings: -€44,059
- Deferred charges and accrued income -€8,927
down €8,927 (-80.0%), from €11,158 to €2,232
- Cash +€4,562
up €4,562 (+33.5%), from €13,636 to €18,199
mainly Depreciation (+€49,249) and Other debts (+€21,247)
- Debts after one year -€43,033
down €43,033 (-23.7%), from €181,836 to €138,804
- Other debts +€21,247
up €21,247 (+649%), from €3,274 to €24,521
- Reserves -€18,745
down €18,745 (-41.5%), from €45,133 to €26,388
of which Distributable reserves: -€18,745
- Profit (loss) carried forward -€8,894
down €8,894 (-10.3%), from €86,316 to €77,421
- Current portion of long-term debt -€4,220
down €4,220 (-8.9%), from €47,253 to €43,033
- Gross operating margin +€8,633
up €8,633 (+18.3%), from €47,214 to €55,847
- Depreciation -€6,218
down €6,218 (-11.2%), from €55,467 to €49,249
- Taxes +€2,349
up €2,349 (+117%), from €2,011 to €4,360
- Other operating charges +€1,076
up €1,076 (+18.4%), from €5,846 to €6,923
- Financial charges -€936
down €936 (-18.2%), from €5,146 to €4,210
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 | €379,013 | €326,288 | -€52,724 | -13.9% |
| Fixed assets | 21/28 | €318,775 | €269,526 | -€49,249 | -15.4% |
| Tangible fixed assets | 22/27 | €318,775 | €269,526 | -€49,249 | -15.4% |
| Land and buildings | 22 | €291,769 | €247,710 | -€44,059 | -15.1% |
| Plant, machinery and equipment | 23 | €25,968 | €21,435 | -€4,533 | -17.5% |
| Furniture and vehicles | 24 | €1,037 | €380 | -€657 | -63.4% |
| Current assets | 29/58 | €60,238 | €56,762 | -€3,475 | -5.8% |
| Amounts receivable within one year | 40/41 | €35,443 | €36,332 | +€889 | +2.5% |
| Trade receivables | 40 | €32,743 | €33,632 | +€889 | +2.7% |
| Other amounts receivable | 41 | €2,700 | €2,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,636 | €18,199 | +€4,562 | +33.5% |
| Deferred charges and accrued income | 490/1 | €11,158 | €2,232 | -€8,927 | -80.0% |
| Total equity and liabilities | 10/49 | €379,013 | €326,288 | -€52,724 | -13.9% |
| Equity | 10/15 | €137,649 | €110,009 | -€27,640 | -20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,133 | €26,388 | -€18,745 | -41.5% |
| Tax-exempt reserves | 132 | €18,700 | €18,700 | = | 0.0% |
| Distributable reserves | 133 | €26,433 | €7,688 | -€18,745 | -70.9% |
| Profit (loss) carried forward | 14 | €86,316 | €77,421 | -€8,894 | -10.3% |
| Amounts payable | 17/49 | €241,364 | €216,279 | -€25,085 | -10.4% |
| Amounts payable after more than one year | 17 | €181,836 | €138,804 | -€43,033 | -23.7% |
| Financial debts | 170/4 | €181,836 | €138,804 | -€43,033 | -23.7% |
| Amounts payable within one year | 42/48 | €59,528 | €77,476 | +€17,948 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €47,253 | €43,033 | -€4,220 | -8.9% |
| Trade debts | 44 | €6,196 | €3,312 | -€2,884 | -46.5% |
| Suppliers | 440/4 | €6,196 | €3,312 | -€2,884 | -46.5% |
| Taxes, remuneration and social security | 45 | €2,805 | €6,610 | +€3,805 | +136% |
| Taxes | 450/3 | €2,805 | €6,610 | +€3,805 | +136% |
| Other amounts payable | 47/48 | €3,274 | €24,521 | +€21,247 | +649% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,467 | €49,249 | -€6,218 | -11.2% |
| Other operating charges | 640/8 | €5,846 | €6,923 | +€1,076 | +18.4% |
| Gross operating margin | 9900 | €47,214 | €55,847 | +€8,633 | +18.3% |
| Operating profit (loss) | 9901 | -€14,100 | -€325 | +€13,775 | +97.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,146 | €4,210 | -€936 | -18.2% |
| Recurring financial charges | 65 | €5,146 | €4,210 | -€936 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,245 | -€4,535 | +€14,710 | +76.4% |
| Income taxes | 67/77 | €2,011 | €4,360 | +€2,349 | +117% |
| Profit (loss) for the period | 9904 | -€21,256 | -€8,895 | +€12,361 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,256 | -€8,895 | +€12,361 | +58.2% |
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.