ELECTRONICAL and MECHANICAL ASSEMBLIES & TECHNOLOGIES: 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
ELECTRONICAL and MECHANICAL ASSEMBLIES & TECHNOLOGIES
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€321,078
2024 · €667,027-€345,950
Equity
€971,289
2024 · €943,211+€28,078
Cash
€227,094
2024 · €211,835+€15,259
Balance sheet total
€2.5m
2024 · €2.5m-€43,457
Largest movements
Assets
- Receivables within one year -€180,037
down €180,037 (-12.7%), from €1.4m to €1.2m
of which Other amounts receivable: -€681,797
- Receivables after one year +€78,260
new in 2025: €78,260
- Deferred charges and accrued income +€61,693
new in 2025: €61,693
Equity and liabilities
- Other debts -€347,000
down €347,000 (-54.2%), from €640,000 to €293,000
- Short-term financial debts +€200,000
new in 2025: €200,000
- Trade debts +€48,945
up €48,945 (+5.9%), from €826,483 to €875,428
- Debts after one year +€48,738
up €48,738 (+170%), from €28,656 to €77,394
of which Other amounts payable: +€58,460
- Reserves +€28,078
up €28,078 (+3.2%), from €868,843 to €896,921
of which Distributable reserves: +€28,078
Income statement
- Gross operating margin -€361,217
down €361,217 (-34.9%), from €1.0m to €673,812
- Financial income +€65,000
up €65,000 (+74.2%), from €87,640 to €152,640
- Financial charges +€23,608
up €23,608 (+60.4%), from €39,094 to €62,702
- Other operating charges +€11,917
up €11,917 (+422%), from €2,821 to €14,738
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
€667,027
Gross operating margin
-€361,217
Staff costs
-€3,186
Depreciation
-€9,425
Other operating charges
-€11,917
Financial income
+€65,000
Financial charges
-€23,608
Taxes
-€1,598
Result 2025
€321,078
raises the resultlowers the result
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
+€97,589
Investment
-€34,046
Financing
-€48,284
Cash 2024
€211,835
From operations (derived)
+€97,589
Net result for the year
+€321,078
Depreciation
+€30,847
Receivables after one year
-€78,260
Stocks and contracts
+€21,831
Receivables within one year
+€180,037
Deferred charges and accrued income
-€61,693
Trade debts
+€48,945
Tax, wage and social debts
-€14,446
Other debts
-€347,000
Accrued charges and deferred income
-€3,750
Investment (derived)
-€34,046
Investment in fixed assets (net)
-€34,046
Financing
-€48,284
Debts after one year
+€48,738
Current portion of long-term debt
-€4,022
Short-term financial debts
+€200,000
Contributions, distributions and other
-€293,000
Cash 2025
€227,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,514,994 | €2,471,537 | -€43,457 | -1.7% |
| Fixed assets | 21/28 | €86,929 | €90,128 | +€3,199 | +3.7% |
| Tangible fixed assets | 22/27 | €86,911 | €90,128 | +€3,217 | +3.7% |
| Plant, machinery and equipment | 23 | €20,487 | €17,219 | -€3,268 | -16.0% |
| Furniture and vehicles | 24 | €66,424 | €32,997 | -€33,427 | -50.3% |
| Leasing and similar rights | 25 | - | €28,506 | +€28,506 | |
| Other tangible fixed assets | 26 | - | €11,405 | +€11,405 | |
| Financial fixed assets | 28 | €19 | €0 | -€19 | -100% |
| Current assets | 29/58 | €2,428,065 | €2,381,409 | -€46,655 | -1.9% |
| Amounts receivable after more than one year | 29 | - | €78,260 | +€78,260 | |
| Other amounts receivable | 291 | - | €78,260 | +€78,260 | |
| Stocks and contracts in progress | 3 | €802,055 | €780,224 | -€21,831 | -2.7% |
| Stocks | 30/36 | €802,055 | €780,224 | -€21,831 | -2.7% |
| Amounts receivable within one year | 40/41 | €1,414,175 | €1,234,138 | -€180,037 | -12.7% |
| Trade receivables | 40 | €732,175 | €1,233,935 | +€501,760 | +68.5% |
| Other amounts receivable | 41 | €682,000 | €203 | -€681,797 | -100.0% |
| Cash at bank and in hand | 54/58 | €211,835 | €227,094 | +€15,259 | +7.2% |
| Deferred charges and accrued income | 490/1 | - | €61,693 | +€61,693 | |
| Total equity and liabilities | 10/49 | €2,514,994 | €2,471,537 | -€43,457 | -1.7% |
| Equity | 10/15 | €943,211 | €971,289 | +€28,078 | +3.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €868,843 | €896,921 | +€28,078 | +3.2% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €861,406 | €889,484 | +€28,078 | +3.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,571,783 | €1,500,248 | -€71,534 | -4.6% |
| Amounts payable after more than one year | 17 | €28,656 | €77,394 | +€48,738 | +170% |
| Financial debts | 170/4 | €28,656 | €18,934 | -€9,722 | -33.9% |
| Other amounts payable | 178/9 | - | €58,460 | +€58,460 | |
| Amounts payable within one year | 42/48 | €1,538,579 | €1,422,056 | -€116,523 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €14,803 | €10,782 | -€4,022 | -27.2% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €826,483 | €875,428 | +€48,945 | +5.9% |
| Suppliers | 440/4 | €826,483 | €875,428 | +€48,945 | +5.9% |
| Taxes, remuneration and social security | 45 | €57,292 | €42,846 | -€14,446 | -25.2% |
| Taxes | 450/3 | €13,140 | €4,361 | -€8,779 | -66.8% |
| Remuneration and social security | 454/9 | €44,152 | €38,485 | -€5,668 | -12.8% |
| Other amounts payable | 47/48 | €640,000 | €293,000 | -€347,000 | -54.2% |
| Accrued charges and deferred income | 492/3 | €4,548 | €799 | -€3,750 | -82.4% |
| Remuneration, social security and pensions | 62 | €379,006 | €382,192 | +€3,186 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,423 | €30,847 | +€9,425 | +44.0% |
| Other operating charges | 640/8 | €2,821 | €14,738 | +€11,917 | +422% |
| Gross operating margin | 9900 | €1,035,029 | €673,812 | -€361,217 | -34.9% |
| Operating profit (loss) | 9901 | €631,779 | €246,035 | -€385,744 | -61.1% |
| Financial income | 75/76B | €87,640 | €152,640 | +€65,000 | +74.2% |
| Recurring financial income | 75 | €87,640 | €152,640 | +€65,000 | +74.2% |
| Financial charges | 65/66B | €39,094 | €62,702 | +€23,608 | +60.4% |
| Recurring financial charges | 65 | €39,094 | €62,702 | +€23,608 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €680,325 | €335,973 | -€344,352 | -50.6% |
| Income taxes | 67/77 | €13,297 | €14,895 | +€1,598 | +12.0% |
| Profit (loss) for the period | 9904 | €667,027 | €321,078 | -€345,950 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €667,027 | €321,078 | -€345,950 | -51.9% |
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 26 October 2026 via checked.be.