ELECTRO - VARIA: 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.
What changed
ELECTRO - VARIA
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,925
2024 · €221,537-€217,612
Equity
€356,622
2024 · €352,697+€3,925
Cash
€12,529
2024 · €7,258+€5,271
Balance sheet total
€712,001
2024 · €627,388+€84,613
Largest movements
Assets
- Receivables within one year +€243,259
up €243,259 (+428%), from €56,873 to €300,132
of which Other amounts receivable: +€209,051
- Tangible fixed assets -€163,570
down €163,570 (-40.2%), from €406,579 to €243,010
of which Land and buildings: -€190,149
Equity and liabilities
- Short-term financial debts +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Debts after one year +€24,081
new in 2025: €24,081
Income statement
- Gross operating margin -€270,827
down €270,827 (-81.9%), from €330,689 to €59,862
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.
Result 2024
€221,537
Gross operating margin
-€270,827
Staff costs
+€607
Depreciation
-€3,269
Other operating charges
+€715
Financial income
-€1,011
Financial charges
+€893
Taxes
-€858
Deferred taxes and other
+€56,138
Result 2025
€3,925
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€227,234
Investment
+€152,171
Financing
+€80,334
Cash 2024
€7,258
From operations (derived)
-€227,234
Net result for the year
+€3,925
Depreciation
+€11,399
Stocks and contracts
+€870
Receivables within one year
-€243,259
Smaller working-capital items
-€737
Provisions
-€813
Trade debts
+€5,251
Tax, wage and social debts
+€3,410
Advances received
-€3,465
Other debts
-€3,814
Investment (derived)
+€152,171
Investment in fixed assets (net)
+€152,171
Financing
+€80,334
Debts after one year
+€24,081
Current portion of long-term debt
+€6,253
Short-term financial debts
+€50,000
Cash 2025
€12,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,388 | €712,001 | +€84,613 | +13.5% |
| Fixed assets | 21/28 | €406,579 | €243,010 | -€163,570 | -40.2% |
| Tangible fixed assets | 22/27 | €406,579 | €243,010 | -€163,570 | -40.2% |
| Land and buildings | 22 | €399,967 | €209,818 | -€190,149 | -47.5% |
| Plant, machinery and equipment | 23 | - | €702 | +€702 | |
| Furniture and vehicles | 24 | €6,062 | €32,077 | +€26,015 | +429% |
| Other tangible fixed assets | 26 | €551 | €413 | -€138 | -25.0% |
| Current assets | 29/58 | €220,808 | €468,992 | +€248,183 | +112% |
| Stocks and contracts in progress | 3 | €156,252 | €155,382 | -€870 | -0.6% |
| Stocks | 30/36 | €156,252 | €155,382 | -€870 | -0.6% |
| Amounts receivable within one year | 40/41 | €56,873 | €300,132 | +€243,259 | +428% |
| Trade receivables | 40 | €55,924 | €90,132 | +€34,208 | +61.2% |
| Other amounts receivable | 41 | €949 | €210,000 | +€209,051 | +22,027% |
| Cash at bank and in hand | 54/58 | €7,258 | €12,529 | +€5,271 | +72.6% |
| Deferred charges and accrued income | 490/1 | €426 | €949 | +€523 | +123% |
| Total equity and liabilities | 10/49 | €627,388 | €712,001 | +€84,613 | +13.5% |
| Equity | 10/15 | €352,697 | €356,622 | +€3,925 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €334,105 | €338,029 | +€3,925 | +1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €237,227 | €233,975 | -€3,252 | -1.4% |
| Distributable reserves | 133 | €96,878 | €104,055 | +€7,177 | +7.4% |
| Provisions and deferred taxes | 16 | €55,325 | €54,512 | -€813 | -1.5% |
| Deferred taxes | 168 | €55,325 | €54,512 | -€813 | -1.5% |
| Amounts payable | 17/49 | €219,366 | €300,868 | +€81,502 | +37.2% |
| Amounts payable after more than one year | 17 | - | €24,081 | +€24,081 | |
| Financial debts | 170/4 | - | €24,081 | +€24,081 | |
| Amounts payable within one year | 42/48 | €219,152 | €276,787 | +€57,635 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,253 | +€6,253 | |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100% |
| Trade debts | 44 | €84,031 | €89,282 | +€5,251 | +6.2% |
| Suppliers | 440/4 | €84,031 | €89,282 | +€5,251 | +6.2% |
| Advances received on contracts in progress | 46 | €5,790 | €2,325 | -€3,465 | -59.8% |
| Taxes, remuneration and social security | 45 | €20,944 | €24,354 | +€3,410 | +16.3% |
| Taxes | 450/3 | €10,834 | €13,955 | +€3,121 | +28.8% |
| Remuneration and social security | 454/9 | €10,110 | €10,398 | +€289 | +2.9% |
| Other amounts payable | 47/48 | €58,387 | €54,573 | -€3,814 | -6.5% |
| Accrued charges and deferred income | 492/3 | €214 | €0 | -€214 | -100% |
| Non-recurring operating income | 76A | €278,849 | €22,050 | -€256,799 | -92.1% |
| Remuneration, social security and pensions | 62 | €35,846 | €35,239 | -€607 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,130 | €11,399 | +€3,269 | +40.2% |
| Other operating charges | 640/8 | €3,009 | €2,294 | -€715 | -23.8% |
| Gross operating margin | 9900 | €330,689 | €59,862 | -€270,827 | -81.9% |
| Operating profit (loss) | 9901 | €283,704 | €10,930 | -€272,774 | -96.1% |
| Financial income | 75/76B | €1,088 | €77 | -€1,011 | -92.9% |
| Recurring financial income | 75 | €1,088 | €77 | -€1,011 | -92.9% |
| Financial charges | 65/66B | €7,330 | €6,437 | -€893 | -12.2% |
| Recurring financial charges | 65 | €7,330 | €6,437 | -€893 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €277,462 | €4,570 | -€272,892 | -98.4% |
| Transfer from deferred taxes | 780 | €445 | €813 | +€368 | +82.7% |
| Transfer to deferred taxes | 680 | €55,770 | €0 | -€55,770 | -100% |
| Income taxes | 67/77 | €600 | €1,458 | +€858 | +143% |
| Profit (loss) for the period | 9904 | €221,537 | €3,925 | -€217,612 | -98.2% |
| Transfer from tax-exempt reserves | 789 | €1,780 | €3,252 | +€1,473 | +82.7% |
| Transfer to tax-exempt reserves | 689 | €223,079 | €0 | -€223,079 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €237 | €7,177 | +€6,940 | +2,923% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.