ELECTRO - TEST: what changed
Two fiscal 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.
What changed
ELECTRO - TEST
NACE 82.990, Other business support services
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€2.5m
2023 · €112,689-€2.6m
Equity
€727,838
2023 · €3.2m-€2.5m
Cash
€473,779
2023 · €709,832-€236,053
Balance sheet total
€5.2m
2023 · €8.4m-€3.2m
Largest movements
Assets
- Receivables within one year -€2.4m
down €2.4m (-40.8%), from €5.8m to €3.5m
of which Other amounts receivable: -€1.9m
- Tangible fixed assets -€515,819
down €515,819 (-37.2%), from €1.4m to €869,757
of which Furniture and vehicles: -€370,035
- Cash -€236,053
down €236,053 (-33.3%), from €709,832 to €473,779
mainly Net result for the year (-€2.5m) and Debts within one year (-€474,459)
Equity and liabilities
- Profit (loss) carried forward -€2.5m
down €2.5m (-77.6%), from €3.2m to €727,838
- Debts within one year -€474,459
down €474,459 (-9.8%), from €4.9m to €4.4m
of which Current portion of long-term debt: -€1.0m
- Debts after one year -€173,107
down €173,107 (-72.2%), from €239,767 to €66,660
of which Financial debts: -€172,933
Income statement
- Financial charges +€1.3m
up €1.3m (+719.3%), from €185,166 to €1.5m
of which Financial charges: +€1.3m
- Services and other goods +€1.1m
up €1.1m (+22.2%), from €4.9m to €5.9m
- Write-downs -€901,802
down €901,802 (-88.5%), from €1.0m to €117,304
- Turnover -€783,627
down €783,627 (-4.4%), from €17.8m to €17.0m
- Staff costs +€616,013
up €616,013 (+5.5%), from €11.2m to €11.8m
From the 2023 result to the 2024 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.
Result 2023
€112,689
Turnover
-€783,627
Other operating income
+€262,012
Goods and materials
+€425
Services and other goods
-€1.1m
Staff costs
-€616,013
Depreciation
+€109,509
Write-downs
+€901,802
Other operating charges
-€173,122
Other operating items
-€20,875
Financial income
-€19,875
Financial charges
-€1.3m
Taxes
+€112,377
Result 2024
-€2.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€18,548
Investment
-€81,492
Financing
-€173,109
Cash 2023
€709,832
From operations (derived)
+€18,548
Net result for the year
-€2.5m
Depreciation
+€609,075
Receivables within one year
+€2.4m
Deferred charges and accrued income
+€14,347
Debts within one year
-€474,459
Accrued charges and deferred income
+€15,201
Investment (derived)
-€81,492
Investment in fixed assets (net)
-€81,492
Financing
-€173,109
Debts after one year
-€173,107
Contributions, distributions and other
-€2
Cash 2024
€473,779
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,351,390 | €5,196,985 | -€3.2m | -37.8% |
| Fixed assets | 21/28 | €1,604,774 | €1,077,191 | -€527,583 | -32.9% |
| Intangible fixed assets | 21 | €125,901 | €169,133 | +€43,232 | +34.3% |
| Tangible fixed assets | 22/27 | €1,385,576 | €869,757 | -€515,819 | -37.2% |
| Plant, machinery and equipment | 23 | €404,604 | €310,644 | -€93,960 | -23.2% |
| Furniture and vehicles | 24 | €795,786 | €425,751 | -€370,035 | -46.5% |
| Leasing and similar rights | 25 | €44,418 | - | -€44,418 | |
| Other tangible fixed assets | 26 | €140,768 | €133,362 | -€7,406 | -5.3% |
| Financial fixed assets | 28 | €93,297 | €38,301 | -€54,996 | -58.9% |
| Other financial fixed assets | 284/8 | €93,297 | €38,301 | -€54,996 | -58.9% |
| Amounts receivable and cash guarantees | 285/8 | €93,297 | €38,301 | -€54,996 | -58.9% |
| Current assets | 29/58 | €6,746,616 | €4,119,794 | -€2.6m | -38.9% |
| Amounts receivable within one year | 40/41 | €5,830,816 | €3,454,394 | -€2.4m | -40.8% |
| Trade receivables | 40 | €3,584,672 | €3,072,428 | -€512,244 | -14.3% |
| Other amounts receivable | 41 | €2,246,144 | €381,966 | -€1.9m | -83.0% |
| Cash at bank and in hand | 54/58 | €709,832 | €473,779 | -€236,053 | -33.3% |
| Deferred charges and accrued income | 490/1 | €205,968 | €191,621 | -€14,347 | -7.0% |
| Total equity and liabilities | 10/49 | €8,351,390 | €5,196,985 | -€3.2m | -37.8% |
| Equity | 10/15 | €3,249,878 | €727,838 | -€2.5m | -77.6% |
| Profit (loss) carried forward | 14 | €3,249,878 | €727,838 | -€2.5m | -77.6% |
| Amounts payable | 17/49 | €5,101,512 | €4,469,147 | -€632,365 | -12.4% |
| Amounts payable after more than one year | 17 | €239,767 | €66,660 | -€173,107 | -72.2% |
| Financial debts | 170/4 | €239,593 | €66,660 | -€172,933 | -72.2% |
| Leasing and similar obligations | 172 | €20,987 | - | -€20,987 | |
| Credit institutions | 173 | €218,606 | €66,660 | -€151,946 | -69.5% |
| Other amounts payable | 178/9 | €174 | - | -€174 | |
| Amounts payable within one year | 42/48 | €4,861,745 | €4,387,286 | -€474,459 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €1,166,379 | €156,766 | -€1.0m | -86.6% |
| Financial debts | 43 | €69,025 | €907,997 | +€838,972 | +1215.5% |
| Credit institutions | 430/8 | €69,025 | €907,997 | +€838,972 | +1215.5% |
| Trade debts | 44 | €1,502,179 | €1,104,506 | -€397,673 | -26.5% |
| Suppliers | 440/4 | €1,502,179 | €1,104,506 | -€397,673 | -26.5% |
| Advances received on contracts in progress | 46 | - | €43,147 | +€43,147 | |
| Taxes, remuneration and social security | 45 | €2,072,981 | €2,158,912 | +€85,931 | +4.1% |
| Taxes | 450/3 | €433,305 | €471,294 | +€37,989 | +8.8% |
| Remuneration and social security | 454/9 | €1,639,676 | €1,687,618 | +€47,942 | +2.9% |
| Accrued charges and deferred income | 492/3 | - | €15,201 | +€15,201 | |
| Operating income | 70/76A | €18,384,968 | €17,863,353 | -€521,615 | -2.8% |
| Turnover | 70 | €17,814,500 | €17,030,873 | -€783,627 | -4.4% |
| Other operating income | 74 | €570,468 | €832,480 | +€262,012 | +45.9% |
| Operating charges | 60/66A | €18,003,399 | €18,877,101 | +€873,702 | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €19,372 | €18,947 | -€425 | -2.2% |
| Purchases | 600/8 | €19,372 | €18,947 | -€425 | -2.2% |
| Services and other goods | 61 | €4,853,961 | €5,929,389 | +€1.1m | +22.2% |
| Remuneration, social security and pensions | 62 | €11,152,804 | €11,768,817 | +€616,013 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718,584 | €609,075 | -€109,509 | -15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,019,106 | €117,304 | -€901,802 | -88.5% |
| Other operating charges | 640/8 | €239,572 | €412,694 | +€173,122 | +72.3% |
| Non-recurring operating charges | 66A | - | €20,875 | +€20,875 | |
| Operating profit (loss) | 9901 | €381,569 | -€1,013,748 | -€1.4m | |
| Financial income | 75/76B | €28,663 | €8,788 | -€19,875 | -69.3% |
| Recurring financial income | 75 | €3,753 | €8,788 | +€5,035 | +134.2% |
| Other financial income | 752/9 | €3,753 | €8,788 | +€5,035 | +134.2% |
| Non-recurring financial income | 76B | €24,910 | - | -€24,910 | |
| Financial charges | 65/66B | €185,166 | €1,517,078 | +€1.3m | +719.3% |
| Recurring financial charges | 65 | €168,538 | €1,511,553 | +€1.3m | +796.9% |
| Debt charges | 650 | €159,511 | €303,546 | +€144,035 | +90.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €1,183,598 | +€1.2m | |
| Other financial charges | 652/9 | €9,027 | €24,409 | +€15,382 | +170.4% |
| Non-recurring financial charges | 66B | €16,628 | €5,525 | -€11,103 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €225,066 | -€2,522,038 | -€2.7m | |
| Income taxes | 67/77 | €112,377 | - | -€112,377 | |
| Taxes | 670/3 | €128,897 | - | -€128,897 | |
| Tax adjustments and reversals of tax provisions | 77 | €16,520 | - | -€16,520 | |
| Profit (loss) for the period | 9904 | €112,689 | -€2,522,038 | -€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €112,689 | -€2,522,038 | -€2.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.