ELECTROTECHNIC: 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
ELECTROTECHNIC
NACE 95.210, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€59,143
2024 · €43,720+€15,424
Equity
€36,053
2024 · €223,793-€187,739
Cash
€2,611
2024 · €750+€1,861
Balance sheet total
€512,967
2024 · €1.0m-€516,891
Largest movements
Assets
- Tangible fixed assets -€433,761
down €433,761 (-91.7%), from €472,816 to €39,055
of which Land and buildings: -€415,724
- Receivables within one year -€84,832
down €84,832 (-15.3%), from €554,723 to €469,891
of which Trade receivables: -€170,708
Equity and liabilities
- Debts after one year -€339,665
down €339,665 (-99.7%), from €340,739 to €1,074
- Other debts +€143,000
new in 2025: €143,000
- Reserves -€103,883
down €103,883 (-74.6%), from €139,314 to €35,432
of which Tax-exempt reserves: -€103,883
- Profit (loss) carried forward -€83,857
down €83,857 (-99.3%), from €84,478 to €622
- Current portion of long-term debt -€40,347
down €40,347 (-44.5%), from €90,596 to €50,249
Income statement
- Gross operating margin -€354,835
down €354,835 (-20.0%), from €1.8m to €1.4m
- Staff costs -€324,971
down €324,971 (-19.6%), from €1.7m to €1.3m
- Financial income +€118,606
up €118,606 (+492.7%), from €24,072 to €142,678
of which Non-recurring financial income: +€129,686
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
€43,720
Gross operating margin
-€354,835
Staff costs
+€324,971
Depreciation
+€11,580
Other operating charges
-€6,476
Other operating items
-€55,724
Financial income
+€118,606
Financial charges
-€13,395
Taxes
-€7,335
Deferred taxes and other
-€1,969
Result 2025
€59,143
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
+€235,386
Investment
+€414,107
Financing
-€647,633
Cash 2024
€750
From operations (derived)
+€235,386
Net result for the year
+€59,143
Depreciation
+€19,654
Receivables within one year
+€84,832
Smaller working-capital items
+€525
Provisions
-€34,628
Trade debts
-€11,430
Tax, wage and social debts
-€25,711
Other debts
+€143,000
Investment (derived)
+€414,107
Investment in fixed assets (net)
+€414,107
Financing
-€647,633
Debts after one year
-€339,665
Current portion of long-term debt
-€40,347
Short-term financial debts
-€20,739
Contributions, distributions and other
-€246,883
Cash 2025
€2,611
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,029,859 | €512,967 | -€516,891 | -50.2% |
| Fixed assets | 21/28 | €473,616 | €39,855 | -€433,761 | -91.6% |
| Tangible fixed assets | 22/27 | €472,816 | €39,055 | -€433,761 | -91.7% |
| Land and buildings | 22 | €415,724 | - | -€415,724 | |
| Plant, machinery and equipment | 23 | €8,432 | €7,775 | -€657 | -7.8% |
| Furniture and vehicles | 24 | €48,660 | €31,280 | -€17,380 | -35.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €556,243 | €473,113 | -€83,130 | -14.9% |
| Amounts receivable within one year | 40/41 | €554,723 | €469,891 | -€84,832 | -15.3% |
| Trade receivables | 40 | €378,728 | €208,019 | -€170,708 | -45.1% |
| Other amounts receivable | 41 | €175,995 | €261,871 | +€85,876 | +48.8% |
| Cash at bank and in hand | 54/58 | €750 | €2,611 | +€1,861 | +248.0% |
| Deferred charges and accrued income | 490/1 | €770 | €611 | -€158 | -20.6% |
| Total equity and liabilities | 10/49 | €1,029,859 | €512,967 | -€516,891 | -50.2% |
| Equity | 10/15 | €223,793 | €36,053 | -€187,739 | -83.9% |
| Reserves | 13 | €139,314 | €35,432 | -€103,883 | -74.6% |
| Tax-exempt reserves | 132 | €103,883 | - | -€103,883 | |
| Distributable reserves | 133 | €35,432 | €35,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,478 | €622 | -€83,857 | -99.3% |
| Provisions and deferred taxes | 16 | €34,628 | - | -€34,628 | |
| Deferred taxes | 168 | €34,628 | - | -€34,628 | |
| Amounts payable | 17/49 | €771,438 | €476,914 | -€294,525 | -38.2% |
| Amounts payable after more than one year | 17 | €340,739 | €1,074 | -€339,665 | -99.7% |
| Financial debts | 170/4 | €340,739 | €1,074 | -€339,665 | -99.7% |
| Amounts payable within one year | 42/48 | €430,700 | €475,473 | +€44,773 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €90,596 | €50,249 | -€40,347 | -44.5% |
| Financial debts | 43 | €30,280 | €9,541 | -€20,739 | -68.5% |
| Credit institutions | 430/8 | €30,280 | €9,541 | -€20,739 | -68.5% |
| Trade debts | 44 | €30,505 | €19,075 | -€11,430 | -37.5% |
| Suppliers | 440/4 | €30,505 | €19,075 | -€11,430 | -37.5% |
| Taxes, remuneration and social security | 45 | €279,320 | €253,609 | -€25,711 | -9.2% |
| Taxes | 450/3 | €29,356 | €55,044 | +€25,688 | +87.5% |
| Remuneration and social security | 454/9 | €249,964 | €198,565 | -€51,399 | -20.6% |
| Other amounts payable | 47/48 | - | €143,000 | +€143,000 | |
| Accrued charges and deferred income | 492/3 | - | €367 | +€367 | |
| Non-recurring operating income | 76A | - | €10,353 | +€10,353 | |
| Remuneration, social security and pensions | 62 | €1,655,115 | €1,330,145 | -€324,971 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,235 | €19,654 | -€11,580 | -37.1% |
| Other operating charges | 640/8 | €9,994 | €16,470 | +€6,476 | +64.8% |
| Non-recurring operating charges | 66A | - | €55,724 | +€55,724 | |
| Gross operating margin | 9900 | €1,775,226 | €1,420,391 | -€354,835 | -20.0% |
| Operating profit (loss) | 9901 | €78,882 | -€1,602 | -€80,484 | |
| Financial income | 75/76B | €24,072 | €142,678 | +€118,606 | +492.7% |
| Recurring financial income | 75 | €22,896 | €11,816 | -€11,080 | -48.4% |
| Non-recurring financial income | 76B | €1,176 | €130,862 | +€129,686 | +11031.1% |
| Financial charges | 65/66B | €36,333 | €49,728 | +€13,395 | +36.9% |
| Recurring financial charges | 65 | €36,213 | €49,728 | +€13,515 | +37.3% |
| Non-recurring financial charges | 66B | €121 | - | -€121 | |
| Profit (loss) for the period before taxes | 9903 | €66,620 | €91,348 | +€24,728 | +37.1% |
| Transfer from deferred taxes | 780 | €1,969 | - | -€1,969 | |
| Income taxes | 67/77 | €24,869 | €32,205 | +€7,335 | +29.5% |
| Profit (loss) for the period | 9904 | €43,720 | €59,143 | +€15,424 | +35.3% |
| Transfer from tax-exempt reserves | 789 | €5,906 | - | -€5,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,626 | €59,143 | +€9,517 | +19.2% |
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 9 October 2026 via checked.be.