ELECTRICITY INNOVATION TECHNOLOGY: what changed
What changed
ELECTRICITY INNOVATION TECHNOLOGY
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€67,958
2024 · €40,473+€27,485
Equity
€204,172
2024 · €171,214+€32,958
Cash
€316,420
2024 · €136,114+€180,306
Balance sheet total
€887,918
2024 · €508,265+€379,653
Largest movements
Assets
- Cash +€180,306
up €180,306 (+132%), from €136,114 to €316,420
mainly Accrued charges and deferred income (+€299,414) and Trade debts (+€102,117)
- Receivables within one year +€147,493
up €147,493 (+106%), from €139,226 to €286,719
of which Trade receivables: +€113,974
- Tangible fixed assets +€62,155
up €62,155 (+38.0%), from €163,432 to €225,587
of which Land and buildings: +€54,650
- Stocks and contracts -€12,522
down €12,522 (-24.0%), from €52,280 to €39,757
Equity and liabilities
- Accrued charges and deferred income +€299,414
up €299,414 (+11,977%), from €2,500 to €301,914
- Debts after one year -€114,841
down €114,841 (-60.2%), from €190,871 to €76,030
of which Financial debts: -€114,841
- Trade debts +€102,117
up €102,117 (+181%), from €56,573 to €158,690
- Provisions +€35,000
new in 2025: €35,000
- Reserves +€32,958
up €32,958 (+21.6%), from €152,614 to €185,572
of which Distributable reserves: +€32,958
Income statement
- Gross operating margin +€194,307
up €194,307 (+80.6%), from €241,188 to €435,495
- Staff costs +€112,426
up €112,426 (+68.2%), from €164,823 to €277,249
- Write-downs +€35,000
new in 2025: €35,000
- Taxes +€10,374
up €10,374 (+129%), from €8,064 to €18,438
- Depreciation +€5,669
up €5,669 (+34.6%), from €16,364 to €22,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,473
Gross operating margin
+€194,307
Staff costs
-€112,426
Depreciation
-€5,669
Write-downs
-€35,000
Other operating charges
-€1,635
Financial charges
-€1,718
Taxes
-€10,374
Result 2025
€67,958
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€418,254
Investment
-€84,147
Financing
-€153,801
Cash 2024
€136,114
From operations (derived)
+€418,254
Net result for the year
+€67,958
Depreciation
+€22,033
Stocks and contracts
+€12,522
Receivables within one year
-€147,493
Deferred charges and accrued income
-€2,262
Provisions
+€35,000
Trade debts
+€102,117
Tax, wage and social debts
+€29,065
Other debts
-€100
Accrued charges and deferred income
+€299,414
Investment (derived)
-€84,147
Investment in fixed assets (net)
-€84,147
Financing
-€153,801
Debts after one year
-€114,841
Current portion of long-term debt
-€3,961
Contributions, distributions and other
-€35,000
Cash 2025
€316,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,265 | €887,918 | +€379,653 | +74.7% |
| Fixed assets | 21/28 | €179,399 | €241,513 | +€62,114 | +34.6% |
| Tangible fixed assets | 22/27 | €163,432 | €225,587 | +€62,155 | +38.0% |
| Land and buildings | 22 | €156,954 | €211,604 | +€54,650 | +34.8% |
| Plant, machinery and equipment | 23 | - | €1,327 | +€1,327 | |
| Furniture and vehicles | 24 | €2,666 | €11,495 | +€8,829 | +331% |
| Other tangible fixed assets | 26 | €3,812 | €1,161 | -€2,650 | -69.5% |
| Financial fixed assets | 28 | €15,967 | €15,925 | -€42 | -0.3% |
| Current assets | 29/58 | €328,866 | €646,405 | +€317,539 | +96.6% |
| Stocks and contracts in progress | 3 | €52,280 | €39,757 | -€12,522 | -24.0% |
| Stocks | 30/36 | €52,280 | €39,757 | -€12,522 | -24.0% |
| Amounts receivable within one year | 40/41 | €139,226 | €286,719 | +€147,493 | +106% |
| Trade receivables | 40 | €96,563 | €210,537 | +€113,974 | +118% |
| Other amounts receivable | 41 | €42,663 | €76,182 | +€33,519 | +78.6% |
| Cash at bank and in hand | 54/58 | €136,114 | €316,420 | +€180,306 | +132% |
| Deferred charges and accrued income | 490/1 | €1,246 | €3,508 | +€2,262 | +182% |
| Total equity and liabilities | 10/49 | €508,265 | €887,918 | +€379,653 | +74.7% |
| Equity | 10/15 | €171,214 | €204,172 | +€32,958 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,614 | €185,572 | +€32,958 | +21.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,754 | €183,712 | +€32,958 | +21.9% |
| Provisions and deferred taxes | 16 | - | €35,000 | +€35,000 | |
| Provisions for liabilities and charges | 160/5 | - | €35,000 | +€35,000 | |
| Other liabilities and charges | 164/5 | - | €35,000 | +€35,000 | |
| Amounts payable | 17/49 | €337,051 | €648,745 | +€311,695 | +92.5% |
| Amounts payable after more than one year | 17 | €190,871 | €76,030 | -€114,841 | -60.2% |
| Financial debts | 170/4 | €189,602 | €74,761 | -€114,841 | -60.6% |
| Other amounts payable | 178/9 | €1,269 | €1,269 | = | 0.0% |
| Amounts payable within one year | 42/48 | €143,680 | €270,801 | +€127,122 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €43,099 | €39,138 | -€3,961 | -9.2% |
| Trade debts | 44 | €56,573 | €158,690 | +€102,117 | +181% |
| Suppliers | 440/4 | €56,573 | €158,690 | +€102,117 | +181% |
| Taxes, remuneration and social security | 45 | €22,008 | €51,073 | +€29,065 | +132% |
| Taxes | 450/3 | €15,817 | €24,593 | +€8,776 | +55.5% |
| Remuneration and social security | 454/9 | €6,191 | €26,480 | +€20,289 | +328% |
| Other amounts payable | 47/48 | €22,000 | €21,900 | -€100 | -0.5% |
| Accrued charges and deferred income | 492/3 | €2,500 | €301,914 | +€299,414 | +11,977% |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Remuneration, social security and pensions | 62 | €164,823 | €277,249 | +€112,426 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,364 | €22,033 | +€5,669 | +34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €35,000 | +€35,000 | |
| Other operating charges | 640/8 | €4,229 | €5,864 | +€1,635 | +38.7% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €241,188 | €435,495 | +€194,307 | +80.6% |
| Operating profit (loss) | 9901 | €55,772 | €95,349 | +€39,577 | +71.0% |
| Financial charges | 65/66B | €7,235 | €8,954 | +€1,718 | +23.7% |
| Recurring financial charges | 65 | €7,235 | €8,954 | +€1,718 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €48,537 | €86,396 | +€37,859 | +78.0% |
| Income taxes | 67/77 | €8,064 | €18,438 | +€10,374 | +129% |
| Profit (loss) for the period | 9904 | €40,473 | €67,958 | +€27,485 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,473 | €67,958 | +€27,485 | +67.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.