Electromontage: 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.
Electromontage
Largest movements
- Tangible fixed assets +€888,905
up €888,905 (+72.5%), from €1.2m to €2.1m
of which Leasing and similar rights: +€857,595
- Receivables within one year -€280,164
down €280,164 (-8.8%), from €3.2m to €2.9m
of which Trade receivables: -€271,230
- Cash +€78,983
up €78,983 (+35.1%), from €224,749 to €303,732
mainly Debts after one year (+€526,821) and Depreciation (+€373,220)
- Debts after one year +€526,821
up €526,821 (+51.7%), from €1.0m to €1.5m
- Current portion of long-term debt +€197,205
up €197,205 (+78.5%), from €251,116 to €448,321
- Staff costs -€1.1m
down €1.1m (-25.2%), from €4.3m to €3.2m
- Gross operating margin -€756,462
down €756,462 (-16.2%), from €4.7m to €3.9m
- Depreciation +€243,334
up €243,334 (+187.3%), from €129,886 to €373,220
- Taxes -€52,814
down €52,814 (-80.7%), from €65,467 to €12,653
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,899,426 | €5,559,926 | +€660,500 | +13.5% |
| Fixed assets | 21/28 | €1,323,931 | €2,212,836 | +€888,905 | +67.1% |
| Tangible fixed assets | 22/27 | €1,226,023 | €2,114,927 | +€888,905 | +72.5% |
| Land and buildings | 22 | €209,694 | €211,184 | +€1,490 | +0.7% |
| Plant, machinery and equipment | 23 | €32,942 | €37,261 | +€4,319 | +13.1% |
| Furniture and vehicles | 24 | €269,913 | €295,413 | +€25,500 | +9.4% |
| Leasing and similar rights | 25 | €713,473 | €1,571,069 | +€857,595 | +120.2% |
| Financial fixed assets | 28 | €97,909 | €97,909 | = | 0.0% |
| Current assets | 29/58 | €3,575,495 | €3,347,090 | -€228,405 | -6.4% |
| Stocks and contracts in progress | 3 | €133,076 | €98,018 | -€35,058 | -26.3% |
| Stocks | 30/36 | €133,076 | €98,018 | -€35,058 | -26.3% |
| Amounts receivable within one year | 40/41 | €3,192,076 | €2,911,911 | -€280,164 | -8.8% |
| Trade receivables | 40 | €3,094,309 | €2,823,079 | -€271,230 | -8.8% |
| Other amounts receivable | 41 | €97,767 | €88,833 | -€8,934 | -9.1% |
| Cash at bank and in hand | 54/58 | €224,749 | €303,732 | +€78,983 | +35.1% |
| Deferred charges and accrued income | 490/1 | €25,594 | €33,429 | +€7,834 | +30.6% |
| Total equity and liabilities | 10/49 | €4,899,426 | €5,559,926 | +€660,500 | +13.5% |
| Equity | 10/15 | €735,030 | €735,030 | = | 0.0% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €495,030 | €495,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,000 | €24,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,200 | €18,200 | = | 0.0% |
| Distributable reserves | 133 | €452,830 | €452,830 | = | 0.0% |
| Amounts payable | 17/49 | €4,164,396 | €4,824,896 | +€660,500 | +15.9% |
| Amounts payable after more than one year | 17 | €1,019,132 | €1,545,952 | +€526,821 | +51.7% |
| Financial debts | 170/4 | €1,019,132 | €1,545,952 | +€526,821 | +51.7% |
| Amounts payable within one year | 42/48 | €3,145,265 | €3,278,943 | +€133,679 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €251,116 | €448,321 | +€197,205 | +78.5% |
| Financial debts | 43 | €81,948 | €66,893 | -€15,055 | -18.4% |
| Credit institutions | 430/8 | €81,693 | €66,893 | -€14,800 | -18.1% |
| Other loans | 439 | €255 | - | -€255 | |
| Trade debts | 44 | €1,398,813 | €1,428,051 | +€29,238 | +2.1% |
| Suppliers | 440/4 | €1,398,813 | €1,428,051 | +€29,238 | +2.1% |
| Taxes, remuneration and social security | 45 | €485,968 | €446,633 | -€39,336 | -8.1% |
| Taxes | 450/3 | €13,278 | €69,399 | +€56,121 | +422.7% |
| Remuneration and social security | 454/9 | €472,691 | €377,234 | -€95,457 | -20.2% |
| Other amounts payable | 47/48 | €927,419 | €889,046 | -€38,373 | -4.1% |
| Remuneration, social security and pensions | 62 | €4,322,719 | €3,232,728 | -€1.1m | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,886 | €373,220 | +€243,334 | +187.3% |
| Other operating charges | 640/8 | €58,772 | €39,462 | -€19,310 | -32.9% |
| Gross operating margin | 9900 | €4,680,498 | €3,924,036 | -€756,462 | -16.2% |
| Operating profit (loss) | 9901 | €169,121 | €278,626 | +€109,504 | +64.7% |
| Financial charges | 65/66B | €38,433 | €49,085 | +€10,652 | +27.7% |
| Recurring financial charges | 65 | €38,433 | €49,085 | +€10,652 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €130,688 | €229,540 | +€98,853 | +75.6% |
| Income taxes | 67/77 | €65,467 | €12,653 | -€52,814 | -80.7% |
| Profit (loss) for the period | 9904 | €65,221 | €216,887 | +€151,666 | +232.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,221 | €216,887 | +€151,666 | +232.5% |
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 12 October 2026 via checked.be.