ELECTROCOAT GENK: 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
ELECTROCOAT GENK
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€125,409
2024 · €559,965-€434,556
Equity
€2.2m
2024 · €2.1m+€125,409
Cash
€326,006
2024 · €414,914-€88,909
Balance sheet total
€3.6m
2024 · €3.8m-€146,962
Largest movements
Assets
- Tangible fixed assets +€96,578
up €96,578 (+5.0%), from €1.9m to €2.0m
of which Plant, machinery and equipment: +€116,773
- Receivables within one year -€90,816
down €90,816 (-8.5%), from €1.1m to €976,345
of which Trade receivables: -€173,911
- Cash -€88,909
down €88,909 (-21.4%), from €414,914 to €326,006
mainly Investment in fixed assets (net) (-€466,903) and Other debts (-€331,106)
- Stocks and contracts -€65,674
down €65,674 (-17.0%), from €385,192 to €319,518
Equity and liabilities
- Other debts -€331,106
no longer reported in 2025 (was €331,106)
- Profit (loss) carried forward +€125,409
up €125,409 (+16.2%), from -€775,825 to -€650,417
- Trade debts +€48,686
up €48,686 (+4.3%), from €1.1m to €1.2m
Income statement
- Services and other goods +€143,775
up €143,775 (+8.9%), from €1.6m to €1.8m
- Staff costs +€141,729
up €141,729 (+9.6%), from €1.5m to €1.6m
- Turnover -€114,405
down €114,405 (-1.9%), from €6.1m to €6.0m
- Goods and materials -€83,520
down €83,520 (-3.9%), from €2.2m to €2.1m
of which Purchases: -€185,871
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
€559,965
Turnover
-€114,405
Other operating income
+€3,129
Goods and materials
+€83,520
Services and other goods
-€143,775
Staff costs
-€141,729
Depreciation
-€36,073
Write-downs
-€9,398
Other operating charges
-€7,839
Other operating items
-€51,146
Financial income
-€25,615
Financial charges
+€8,776
Result 2025
€125,409
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
+€377,994
Investment
-€466,903
Financing
€0
Cash 2024
€414,914
From operations (derived)
+€377,994
Net result for the year
+€125,409
Depreciation
+€370,324
Stocks and contracts
+€65,674
Receivables within one year
+€90,816
Deferred charges and accrued income
-€1,858
Trade debts
+€48,686
Tax, wage and social debts
+€10,049
Other debts
-€331,106
Investment (derived)
-€466,903
Investment in fixed assets (net)
-€466,903
Cash 2025
€326,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,793,638 | €3,646,676 | -€146,962 | -3.9% |
| Fixed assets | 21/28 | €1,926,371 | €2,022,949 | +€96,578 | +5.0% |
| Tangible fixed assets | 22/27 | €1,926,371 | €2,022,949 | +€96,578 | +5.0% |
| Land and buildings | 22 | €852,595 | €869,111 | +€16,516 | +1.9% |
| Plant, machinery and equipment | 23 | €877,755 | €994,527 | +€116,773 | +13.3% |
| Furniture and vehicles | 24 | €185,921 | €149,211 | -€36,710 | -19.7% |
| Assets under construction and advance payments | 27 | €10,100 | €10,100 | = | 0.0% |
| Current assets | 29/58 | €1,867,267 | €1,623,727 | -€243,541 | -13.0% |
| Stocks and contracts in progress | 3 | €385,192 | €319,518 | -€65,674 | -17.0% |
| Stocks | 30/36 | €385,192 | €319,518 | -€65,674 | -17.0% |
| Raw materials and consumables | 30/31 | €385,192 | €319,518 | -€65,674 | -17.0% |
| Amounts receivable within one year | 40/41 | €1,067,161 | €976,345 | -€90,816 | -8.5% |
| Trade receivables | 40 | €994,702 | €820,791 | -€173,911 | -17.5% |
| Other amounts receivable | 41 | €72,459 | €155,554 | +€83,095 | +115% |
| Cash at bank and in hand | 54/58 | €414,914 | €326,006 | -€88,909 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €1,858 | +€1,858 | |
| Total equity and liabilities | 10/49 | €3,793,638 | €3,646,676 | -€146,962 | -3.9% |
| Equity | 10/15 | €2,062,685 | €2,188,093 | +€125,409 | +6.1% |
| Contributions | 10/11 | €2,565,000 | €2,565,000 | = | 0.0% |
| Capital | 10 | €2,565,000 | €2,565,000 | = | 0.0% |
| Issued capital | 100 | €2,565,000 | €2,565,000 | = | 0.0% |
| Reserves | 13 | €273,510 | €273,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €273,510 | €273,510 | = | 0.0% |
| Legal reserve | 130 | €273,510 | €273,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€775,825 | -€650,417 | +€125,409 | +16.2% |
| Provisions and deferred taxes | 16 | €80,000 | €80,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €80,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,650,954 | €1,378,583 | -€272,371 | -16.5% |
| Amounts payable within one year | 42/48 | €1,650,954 | €1,378,583 | -€272,371 | -16.5% |
| Trade debts | 44 | €1,132,182 | €1,180,868 | +€48,686 | +4.3% |
| Suppliers | 440/4 | €1,132,182 | €1,180,868 | +€48,686 | +4.3% |
| Taxes, remuneration and social security | 45 | €187,666 | €197,715 | +€10,049 | +5.4% |
| Taxes | 450/3 | €8,450 | €5,088 | -€3,361 | -39.8% |
| Remuneration and social security | 454/9 | €179,217 | €192,627 | +€13,410 | +7.5% |
| Other amounts payable | 47/48 | €331,106 | - | -€331,106 | |
| Operating income | 70/76A | €6,233,157 | €6,120,032 | -€113,125 | -1.8% |
| Turnover | 70 | €6,137,880 | €6,023,475 | -€114,405 | -1.9% |
| Other operating income | 74 | €93,429 | €96,558 | +€3,129 | +3.3% |
| Non-recurring operating income | 76A | €1,848 | - | -€1,848 | |
| Operating charges | 60/66A | €5,689,414 | €5,994,006 | +€304,592 | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €2,159,068 | €2,075,548 | -€83,520 | -3.9% |
| Purchases | 600/8 | €2,195,745 | €2,009,874 | -€185,871 | -8.5% |
| Change in stocks: decrease (increase) | 609 | -€36,677 | €65,674 | +€102,351 | |
| Services and other goods | 61 | €1,616,293 | €1,760,069 | +€143,775 | +8.9% |
| Remuneration, social security and pensions | 62 | €1,483,349 | €1,625,077 | +€141,729 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,251 | €370,324 | +€36,073 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,398 | +€9,398 | |
| Other operating charges | 640/8 | €96,452 | €104,292 | +€7,839 | +8.1% |
| Non-recurring operating charges | 66A | - | €49,298 | +€49,298 | |
| Operating profit (loss) | 9901 | €543,742 | €126,026 | -€417,717 | -76.8% |
| Financial income | 75/76B | €25,615 | - | -€25,615 | |
| Recurring financial income | 75 | €25,615 | - | -€25,615 | |
| Other financial income | 752/9 | €25,615 | - | -€25,615 | |
| Financial charges | 65/66B | €9,393 | €617 | -€8,776 | -93.4% |
| Recurring financial charges | 65 | €9,393 | €617 | -€8,776 | -93.4% |
| Debt charges | 650 | €4,587 | - | -€4,587 | |
| Other financial charges | 652/9 | €4,806 | €617 | -€4,189 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | €559,965 | €125,409 | -€434,556 | -77.6% |
| Profit (loss) for the period | 9904 | €559,965 | €125,409 | -€434,556 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €559,965 | €125,409 | -€434,556 | -77.6% |
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 15 October 2026 via checked.be.