Electro Quirijnen: 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.
Electro Quirijnen
Largest movements
- Cash -€131,545
down €131,545 (-53.9%), from €243,922 to €112,377
mainly Debts after one year (-€67,516) and Trade debts (-€57,214)
- Stocks and contracts +€40,595
up €40,595 (+7.2%), from €566,259 to €606,855
- Deferred charges and accrued income +€18,925
new in 2025: €18,925
- Receivables within one year +€13,919
up €13,919 (+9.6%), from €145,447 to €159,366
of which Trade receivables: +€12,254
- Debts after one year -€67,516
down €67,516 (-14.3%), from €472,161 to €404,645
of which Financial debts: -€67,516
- Trade debts -€57,214
down €57,214 (-10.8%), from €527,835 to €470,622
- Tax, wage and social debts +€39,849
up €39,849 (+114%), from €34,953 to €74,802
of which Taxes: +€21,018
- Profit (loss) carried forward +€25,062
up €25,062 (+70.8%), from -€35,401 to -€10,339
- Gross operating margin +€216,349
up €216,349 (+150%), from €144,204 to €360,553
- Staff costs +€145,233
up €145,233 (+90.9%), from €159,696 to €304,929
- Financial income +€14,601
up €14,601 (+127%), from €11,482 to €26,083
- Depreciation +€12,993
up €12,993 (+104%), from €12,553 to €25,545
- Other operating charges +€6,167
up €6,167 (+516%), from €1,196 to €7,364
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 | €1,116,857 | €1,057,245 | -€59,612 | -5.3% |
| Fixed assets | 21/28 | €161,230 | €159,724 | -€1,506 | -0.9% |
| Intangible fixed assets | 21 | €70,605 | €63,105 | -€7,500 | -10.6% |
| Tangible fixed assets | 22/27 | €90,625 | €96,619 | +€5,994 | +6.6% |
| Plant, machinery and equipment | 23 | - | €2,958 | +€2,958 | |
| Furniture and vehicles | 24 | €24,218 | €21,417 | -€2,801 | -11.6% |
| Other tangible fixed assets | 26 | €66,407 | €72,244 | +€5,838 | +8.8% |
| Current assets | 29/58 | €955,627 | €897,522 | -€58,106 | -6.1% |
| Stocks and contracts in progress | 3 | €566,259 | €606,855 | +€40,595 | +7.2% |
| Stocks | 30/36 | €566,259 | €606,855 | +€40,595 | +7.2% |
| Amounts receivable within one year | 40/41 | €145,447 | €159,366 | +€13,919 | +9.6% |
| Trade receivables | 40 | €145,447 | €157,701 | +€12,254 | +8.4% |
| Other amounts receivable | 41 | - | €1,665 | +€1,665 | |
| Cash at bank and in hand | 54/58 | €243,922 | €112,377 | -€131,545 | -53.9% |
| Deferred charges and accrued income | 490/1 | - | €18,925 | +€18,925 | |
| Total equity and liabilities | 10/49 | €1,116,857 | €1,057,245 | -€59,612 | -5.3% |
| Equity | 10/15 | €14,599 | €39,661 | +€25,062 | +172% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,401 | -€10,339 | +€25,062 | +70.8% |
| Amounts payable | 17/49 | €1,102,258 | €1,017,585 | -€84,673 | -7.7% |
| Amounts payable after more than one year | 17 | €472,161 | €404,645 | -€67,516 | -14.3% |
| Financial debts | 170/4 | €404,424 | €336,908 | -€67,516 | -16.7% |
| Other amounts payable | 178/9 | €67,737 | €67,737 | = | 0.0% |
| Amounts payable within one year | 42/48 | €630,097 | €612,940 | -€17,157 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €64,549 | €67,516 | +€2,968 | +4.6% |
| Trade debts | 44 | €527,835 | €470,622 | -€57,214 | -10.8% |
| Suppliers | 440/4 | €527,835 | €470,622 | -€57,214 | -10.8% |
| Taxes, remuneration and social security | 45 | €34,953 | €74,802 | +€39,849 | +114% |
| Taxes | 450/3 | €3,083 | €24,101 | +€21,018 | +682% |
| Remuneration and social security | 454/9 | €31,870 | €50,701 | +€18,832 | +59.1% |
| Other amounts payable | 47/48 | €2,760 | €0 | -€2,760 | -100% |
| Remuneration, social security and pensions | 62 | €159,696 | €304,929 | +€145,233 | +90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,553 | €25,545 | +€12,993 | +104% |
| Other operating charges | 640/8 | €1,196 | €7,364 | +€6,167 | +516% |
| Gross operating margin | 9900 | €144,204 | €360,553 | +€216,349 | +150% |
| Operating profit (loss) | 9901 | -€29,241 | €22,716 | +€51,956 | |
| Financial income | 75/76B | €11,482 | €26,083 | +€14,601 | +127% |
| Recurring financial income | 75 | €11,482 | €26,083 | +€14,601 | +127% |
| Financial charges | 65/66B | €17,528 | €23,512 | +€5,984 | +34.1% |
| Recurring financial charges | 65 | €17,528 | €23,512 | +€5,984 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,287 | €25,286 | +€60,573 | |
| Income taxes | 67/77 | €114 | €225 | +€110 | +96.7% |
| Profit (loss) for the period | 9904 | -€35,401 | €25,062 | +€60,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,401 | €25,062 | +€60,463 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.