Electrico: what changed
What changed
Electrico
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€231,151
2024 · €9,070+€222,081
Equity
€500,000
2024 · €459,070+€40,930
Cash
€150,884
2024 · €45,705+€105,179
Balance sheet total
€2.1m
2024 · €1.7m+€350,963
Largest movements
Assets
- Receivables within one year +€360,095
up €360,095 (+26.9%), from €1.3m to €1.7m
of which Trade receivables: +€317,121
- Stocks and contracts -€111,729
down €111,729 (-38.3%), from €291,390 to €179,661
of which Contracts in progress: -€120,184
- Cash +€105,179
up €105,179 (+230%), from €45,705 to €150,884
mainly Net result for the year (+€231,151) and Other debts (+€125,221)
Equity and liabilities
- Other debts +€125,221
up €125,221 (+193%), from €65,000 to €190,221
- Trade debts +€78,563
up €78,563 (+7.5%), from €1.1m to €1.1m
- Tax, wage and social debts +€75,413
up €75,413 (+47.3%), from €159,511 to €234,924
of which Taxes: +€37,916
- Reserves +€40,930
up €40,930 (+11.4%), from €359,070 to €400,000
- Provisions +€30,836
new in 2025: €30,836
Income statement
- Gross operating margin +€777,952
up €777,952 (+49.1%), from €1.6m to €2.4m
- Staff costs +€372,147
up €372,147 (+23.8%), from €1.6m to €1.9m
- Provisions +€93,738
new in 2025: €93,738
- Taxes +€77,960
up €77,960 (+1,176%), from €6,632 to €84,592
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
€9,070
Gross operating margin
+€777,952
Staff costs
-€372,147
Depreciation
-€5,943
Provisions
-€93,738
Other operating charges
-€2,987
Other operating items
-€1,412
Financial income
+€1,520
Financial charges
-€3,204
Taxes
-€77,960
Result 2025
€231,151
raises the resultlowers the resultnot broken down further in the accounts
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
+€309,894
Investment
-€14,494
Financing
-€190,221
Cash 2024
€45,705
From operations (derived)
+€309,894
Net result for the year
+€231,151
Depreciation
+€14,065
Stocks and contracts
+€111,729
Receivables within one year
-€360,095
Deferred charges and accrued income
+€3,011
Provisions
+€30,836
Trade debts
+€78,563
Tax, wage and social debts
+€75,413
Other debts
+€125,221
Investment (derived)
-€14,494
Investment in fixed assets (net)
-€14,494
Financing
-€190,221
Contributions, distributions and other
-€190,221
Cash 2025
€150,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,734,803 | €2,085,766 | +€350,963 | +20.2% |
| Fixed assets | 21/28 | €49,821 | €50,250 | +€429 | +0.9% |
| Tangible fixed assets | 22/27 | €49,821 | €50,250 | +€429 | +0.9% |
| Plant, machinery and equipment | 23 | €5,401 | €9,846 | +€4,445 | +82.3% |
| Furniture and vehicles | 24 | €42,339 | €38,543 | -€3,796 | -9.0% |
| Other tangible fixed assets | 26 | €2,081 | €1,861 | -€220 | -10.6% |
| Current assets | 29/58 | €1,684,982 | €2,035,516 | +€350,534 | +20.8% |
| Stocks and contracts in progress | 3 | €291,390 | €179,661 | -€111,729 | -38.3% |
| Stocks | 30/36 | €171,206 | €179,661 | +€8,455 | +4.9% |
| Contracts in progress | 37 | €120,184 | - | -€120,184 | |
| Amounts receivable within one year | 40/41 | €1,337,782 | €1,697,877 | +€360,095 | +26.9% |
| Trade receivables | 40 | €1,171,033 | €1,488,154 | +€317,121 | +27.1% |
| Other amounts receivable | 41 | €166,749 | €209,723 | +€42,974 | +25.8% |
| Cash at bank and in hand | 54/58 | €45,705 | €150,884 | +€105,179 | +230% |
| Deferred charges and accrued income | 490/1 | €10,105 | €7,094 | -€3,011 | -29.8% |
| Total equity and liabilities | 10/49 | €1,734,803 | €2,085,766 | +€350,963 | +20.2% |
| Equity | 10/15 | €459,070 | €500,000 | +€40,930 | +8.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €359,070 | €400,000 | +€40,930 | +11.4% |
| Distributable reserves | 133 | €359,070 | €400,000 | +€40,930 | +11.4% |
| Provisions and deferred taxes | 16 | - | €30,836 | +€30,836 | |
| Provisions for liabilities and charges | 160/5 | - | €30,836 | +€30,836 | |
| Other liabilities and charges | 164/5 | - | €30,836 | +€30,836 | |
| Amounts payable | 17/49 | €1,275,733 | €1,554,930 | +€279,197 | +21.9% |
| Amounts payable within one year | 42/48 | €1,275,733 | €1,554,930 | +€279,197 | +21.9% |
| Trade debts | 44 | €1,051,222 | €1,129,785 | +€78,563 | +7.5% |
| Suppliers | 440/4 | €1,051,222 | €1,129,785 | +€78,563 | +7.5% |
| Taxes, remuneration and social security | 45 | €159,511 | €234,924 | +€75,413 | +47.3% |
| Taxes | 450/3 | €9,564 | €47,480 | +€37,916 | +396% |
| Remuneration and social security | 454/9 | €149,947 | €187,444 | +€37,497 | +25.0% |
| Other amounts payable | 47/48 | €65,000 | €190,221 | +€125,221 | +193% |
| Remuneration, social security and pensions | 62 | €1,562,342 | €1,934,489 | +€372,147 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,122 | €14,065 | +€5,943 | +73.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €93,738 | +€93,738 | |
| Other operating charges | 640/8 | €1,101 | €4,088 | +€2,987 | +271% |
| Non-recurring operating charges | 66A | - | €1,412 | +€1,412 | |
| Gross operating margin | 9900 | €1,585,787 | €2,363,739 | +€777,952 | +49.1% |
| Operating profit (loss) | 9901 | €14,222 | €315,947 | +€301,725 | +2,122% |
| Financial income | 75/76B | €2,601 | €4,121 | +€1,520 | +58.4% |
| Recurring financial income | 75 | €101 | €4,121 | +€4,020 | +3,980% |
| Non-recurring financial income | 76B | €2,500 | - | -€2,500 | |
| Financial charges | 65/66B | €1,121 | €4,325 | +€3,204 | +286% |
| Recurring financial charges | 65 | €1,121 | €4,325 | +€3,204 | +286% |
| Profit (loss) for the period before taxes | 9903 | €15,702 | €315,743 | +€300,041 | +1,911% |
| Income taxes | 67/77 | €6,632 | €84,592 | +€77,960 | +1,176% |
| Profit (loss) for the period | 9904 | €9,070 | €231,151 | +€222,081 | +2,449% |
| Profit (loss) for the period to be appropriated | 9905 | €9,070 | €231,151 | +€222,081 | +2,449% |
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 3 November 2026 via checked.be.