ELECTRO TECHNICS BILZEN: 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 TECHNICS BILZEN
Largest movements
- Stocks and contracts +€174,398
up €174,398 (+67.8%), from €257,131 to €431,529
- Cash -€78,148
down €78,148 (-37.2%), from €209,905 to €131,757
mainly Trade debts (-€211,922) and Short-term financial debts (-€195,000)
- Receivables within one year +€48,207
up €48,207 (+11.3%), from €425,718 to €473,925
of which Trade receivables: +€64,003
- Tangible fixed assets -€29,759
down €29,759 (-3.6%), from €837,194 to €807,435
of which Land and buildings: -€27,991
- Reserves +€274,372
up €274,372 (+72.7%), from €377,516 to €651,888
of which Distributable reserves: +€274,372
- Other debts +€258,282
up €258,282 (+465%), from €55,551 to €313,834
- Trade debts -€211,922
down €211,922 (-31.7%), from €669,187 to €457,265
- Short-term financial debts -€195,000
no longer reported in 2025 (was €195,000)
- Debts after one year -€66,517
down €66,517 (-23.3%), from €285,322 to €218,805
- Gross operating margin +€195,005
up €195,005 (+27.2%), from €715,758 to €910,763
- Taxes +€61,964
up €61,964 (+176%), from €35,149 to €97,114
- Staff costs -€48,564
down €48,564 (-10.3%), from €470,094 to €421,530
- Financial charges -€30,405
down €30,405 (-38.0%), from €79,933 to €49,528
- Other operating charges +€16,612
up €16,612 (+128%), from €12,988 to €29,600
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 | €1,735,595 | €1,849,901 | +€114,306 | +6.6% |
| Fixed assets | 21/28 | €837,194 | €807,435 | -€29,759 | -3.6% |
| Tangible fixed assets | 22/27 | €837,194 | €807,435 | -€29,759 | -3.6% |
| Land and buildings | 22 | €815,025 | €787,035 | -€27,991 | -3.4% |
| Plant, machinery and equipment | 23 | €10,616 | €8,721 | -€1,895 | -17.9% |
| Furniture and vehicles | 24 | €11,552 | €11,679 | +€127 | +1.1% |
| Current assets | 29/58 | €898,401 | €1,042,466 | +€144,065 | +16.0% |
| Stocks and contracts in progress | 3 | €257,131 | €431,529 | +€174,398 | +67.8% |
| Stocks | 30/36 | €257,131 | €431,529 | +€174,398 | +67.8% |
| Amounts receivable within one year | 40/41 | €425,718 | €473,925 | +€48,207 | +11.3% |
| Trade receivables | 40 | €325,334 | €389,338 | +€64,003 | +19.7% |
| Other amounts receivable | 41 | €100,384 | €84,588 | -€15,796 | -15.7% |
| Cash at bank and in hand | 54/58 | €209,905 | €131,757 | -€78,148 | -37.2% |
| Deferred charges and accrued income | 490/1 | €5,648 | €5,255 | -€392 | -6.9% |
| Total equity and liabilities | 10/49 | €1,735,595 | €1,849,901 | +€114,306 | +6.6% |
| Equity | 10/15 | €396,116 | €670,488 | +€274,372 | +69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,516 | €651,888 | +€274,372 | +72.7% |
| 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 | €375,656 | €650,028 | +€274,372 | +73.0% |
| Amounts payable | 17/49 | €1,339,479 | €1,179,413 | -€160,066 | -11.9% |
| Amounts payable after more than one year | 17 | €285,322 | €218,805 | -€66,517 | -23.3% |
| Financial debts | 170/4 | €285,322 | €218,805 | -€66,517 | -23.3% |
| Amounts payable within one year | 42/48 | €1,054,158 | €960,608 | -€93,550 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €69,299 | €66,517 | -€2,783 | -4.0% |
| Financial debts | 43 | €195,000 | - | -€195,000 | |
| Credit institutions | 430/8 | €195,000 | - | -€195,000 | |
| Trade debts | 44 | €669,187 | €457,265 | -€211,922 | -31.7% |
| Suppliers | 440/4 | €669,187 | €457,265 | -€211,922 | -31.7% |
| Taxes, remuneration and social security | 45 | €65,120 | €122,993 | +€57,873 | +88.9% |
| Taxes | 450/3 | €34,104 | €76,287 | +€42,184 | +124% |
| Remuneration and social security | 454/9 | €31,016 | €46,705 | +€15,689 | +50.6% |
| Other amounts payable | 47/48 | €55,551 | €313,834 | +€258,282 | +465% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €470,094 | €421,530 | -€48,564 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,623 | €38,322 | -€3,301 | -7.9% |
| Other operating charges | 640/8 | €12,988 | €29,600 | +€16,612 | +128% |
| Non-recurring operating charges | 66A | - | €296 | +€296 | |
| Gross operating margin | 9900 | €715,758 | €910,763 | +€195,005 | +27.2% |
| Operating profit (loss) | 9901 | €191,053 | €421,014 | +€229,962 | +120% |
| Financial income | 75/76B | €292 | €0 | -€292 | -100.0% |
| Recurring financial income | 75 | €292 | €0 | -€292 | -100.0% |
| Financial charges | 65/66B | €79,933 | €49,528 | -€30,405 | -38.0% |
| Recurring financial charges | 65 | €79,933 | €49,528 | -€30,405 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €111,411 | €371,486 | +€260,075 | +233% |
| Income taxes | 67/77 | €35,149 | €97,114 | +€61,964 | +176% |
| Profit (loss) for the period | 9904 | €76,262 | €274,372 | +€198,110 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €76,262 | €274,372 | +€198,110 | +260% |
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 20 October 2026 via checked.be.