ELECTROBUILD: 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
ELECTROBUILD
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €2.3m-€1.3m
Equity
€6.3m
2024 · €5.8m+€522,474
Cash
€2.5m
2024 · €2.8m-€226,243
Balance sheet total
€7.7m
2024 · €8.9m-€1.2m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-26.4%), from €4.7m to €3.5m
of which Trade receivables: -€2.4m
- Cash -€226,243
down €226,243 (-8.2%), from €2.8m to €2.5m
mainly Trade debts (-€1.8m) and Contributions, distributions and other (-€500,000)
- Financial fixed assets +€199,988
up €199,988 (+699.0%), from €28,612 to €228,600
Equity and liabilities
- Trade debts -€1.8m
down €1.8m (-78.0%), from €2.3m to €506,846
- Profit (loss) carried forward +€522,474
up €522,474 (+13.9%), from €3.8m to €4.3m
Income statement
- Turnover +€10.3m
new in 2025: €10.3m
- Goods and materials +€5.9m
new in 2025: €5.9m
- Gross operating margin -€4.3m
no longer reported in 2025 (was €4.3m)
- Services and other goods +€1.5m
new in 2025: €1.5m
- Taxes -€428,527
down €428,527 (-68.8%), from €622,565 to €194,038
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
€2.3m
Turnover
+€10.3m
Other operating income
+€99,109
Goods and materials
-€5.9m
Services and other goods
-€1.5m
Staff costs
-€274,159
Depreciation
-€24,693
Other operating charges
+€13,533
Other operating items
-€4.3m
Financial income
-€540
Financial charges
+€1,950
Taxes
+€428,527
Result 2025
€1.0m
Cash bridge derived
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
+€646,548
Investment
-€361,071
Financing
-€511,719
Cash 2024
€2.8m
From operations (derived)
+€646,548
Net result for the year
+€1.0m
Depreciation
+€123,168
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€24,086
Trade debts
-€1.8m
Tax, wage and social debts
+€61,619
Other debts
+€6,281
Accrued charges and deferred income
+€6,317
Investment (derived)
-€361,071
Investment in fixed assets (net)
-€372,499
Current investments
+€11,427
Financing
-€511,719
Debts after one year
-€12,268
Current portion of long-term debt
+€549
Contributions, distributions and other
-€500,000
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,887,222 | €7,671,390 | -€1.2m | -13.7% |
| Fixed assets | 21/28 | €228,855 | €478,186 | +€249,331 | +108.9% |
| Tangible fixed assets | 22/27 | €200,244 | €249,586 | +€49,342 | +24.6% |
| Plant, machinery and equipment | 23 | €70,623 | €63,325 | -€7,298 | -10.3% |
| Furniture and vehicles | 24 | €129,621 | €186,261 | +€56,640 | +43.7% |
| Financial fixed assets | 28 | €28,612 | €228,600 | +€199,988 | +699.0% |
| Other financial fixed assets | 284/8 | - | €228,600 | +€228,600 | |
| Amounts receivable and cash guarantees | 285/8 | - | €228,600 | +€228,600 | |
| Current assets | 29/58 | €8,658,366 | €7,193,204 | -€1.5m | -16.9% |
| Amounts receivable after more than one year | 29 | €1,053,639 | €1,053,639 | = | 0.0% |
| Other amounts receivable | 291 | €1,053,639 | €1,053,639 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,747,355 | €3,495,777 | -€1.3m | -26.4% |
| Trade receivables | 40 | €4,423,197 | €2,023,051 | -€2.4m | -54.3% |
| Other amounts receivable | 41 | €324,158 | €1,472,726 | +€1.1m | +354.3% |
| Current investments | 50/53 | €18,927 | €7,500 | -€11,427 | -60.4% |
| Other investments | 51/53 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €2,766,713 | €2,540,470 | -€226,243 | -8.2% |
| Deferred charges and accrued income | 490/1 | €71,732 | €95,818 | +€24,086 | +33.6% |
| Total equity and liabilities | 10/49 | €8,887,222 | €7,671,390 | -€1.2m | -13.7% |
| Equity | 10/15 | €5,788,334 | €6,310,808 | +€522,474 | +9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,001,859 | €2,001,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,767,883 | €4,290,357 | +€522,474 | +13.9% |
| Amounts payable | 17/49 | €3,098,888 | €1,360,582 | -€1.7m | -56.1% |
| Amounts payable after more than one year | 17 | €19,689 | €7,420 | -€12,268 | -62.3% |
| Financial debts | 170/4 | €19,689 | €7,420 | -€12,268 | -62.3% |
| Credit institutions | 173 | - | €7,420 | +€7,420 | |
| Amounts payable within one year | 42/48 | €3,078,838 | €1,346,484 | -€1.7m | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €11,719 | €12,268 | +€549 | +4.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,307,650 | €506,846 | -€1.8m | -78.0% |
| Suppliers | 440/4 | €2,307,650 | €506,846 | -€1.8m | -78.0% |
| Taxes, remuneration and social security | 45 | €265,437 | €327,057 | +€61,619 | +23.2% |
| Taxes | 450/3 | €21,516 | €26,382 | +€4,866 | +22.6% |
| Remuneration and social security | 454/9 | €243,921 | €300,675 | +€56,754 | +23.3% |
| Other amounts payable | 47/48 | €494,031 | €500,312 | +€6,281 | +1.3% |
| Accrued charges and deferred income | 492/3 | €361 | €6,678 | +€6,317 | +1749.8% |
| Operating income | 70/76A | - | €10,391,415 | +€10.4m | |
| Turnover | 70 | - | €10,290,239 | +€10.3m | |
| Other operating income | 74 | - | €99,109 | +€99,109 | |
| Non-recurring operating income | 76A | €500 | €2,066 | +€1,566 | +313.2% |
| Operating charges | 60/66A | - | €9,166,940 | +€9.2m | |
| Goods for resale, raw materials and consumables | 60 | - | €5,942,436 | +€5.9m | |
| Purchases | 600/8 | - | €5,942,436 | +€5.9m | |
| Services and other goods | 61 | - | €1,510,243 | +€1.5m | |
| Remuneration, social security and pensions | 62 | €1,305,914 | €1,580,073 | +€274,159 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,475 | €123,168 | +€24,693 | +25.1% |
| Other operating charges | 640/8 | €24,553 | €11,020 | -€13,533 | -55.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,347,790 | - | -€4.3m | |
| Operating profit (loss) | 9901 | €2,918,848 | €1,224,474 | -€1.7m | -58.0% |
| Financial income | 75/76B | €664 | €124 | -€540 | -81.4% |
| Recurring financial income | 75 | €664 | €124 | -€540 | -81.4% |
| Income from current assets | 751 | - | €0 | = | |
| Other financial income | 752/9 | - | €124 | +€124 | |
| Financial charges | 65/66B | €10,036 | €8,086 | -€1,950 | -19.4% |
| Recurring financial charges | 65 | €10,036 | €8,086 | -€1,950 | -19.4% |
| Debt charges | 650 | - | €5,372 | +€5,372 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €2,112 | +€2,112 | |
| Other financial charges | 652/9 | - | €602 | +€602 | |
| Profit (loss) for the period before taxes | 9903 | €2,909,476 | €1,216,513 | -€1.7m | -58.2% |
| Income taxes | 67/77 | €622,565 | €194,038 | -€428,527 | -68.8% |
| Taxes | 670/3 | - | €500,000 | +€500,000 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €305,962 | +€305,962 | |
| Profit (loss) for the period | 9904 | €2,286,910 | €1,022,474 | -€1.3m | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,286,910 | €1,022,474 | -€1.3m | -55.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.