ELEKTRIEK: what changed
What changed
ELEKTRIEK
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€185,316
2024 · €326,111-€140,795
Equity
€1.1m
2024 · €936,521+€185,316
Cash
€101,502
2024 · €330,152-€228,650
Balance sheet total
€1.8m
2024 · €2.0m-€192,243
Largest movements
Assets
- Cash -€228,650
down €228,650 (-69.3%), from €330,152 to €101,502
mainly Short-term financial debts (-€250,000) and Investment in fixed assets (net) (-€115,413)
- Tangible fixed assets +€54,754
up €54,754 (+23.0%), from €238,538 to €293,292
of which Furniture and vehicles: +€58,871
- Stocks and contracts -€27,069
down €27,069 (-6.9%), from €392,348 to €365,279
Equity and liabilities
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Profit (loss) carried forward +€185,316
up €185,316, from -€17,006 to €168,310
- Trade debts -€99,897
down €99,897 (-22.4%), from €445,759 to €345,863
- Tax, wage and social debts -€23,281
down €23,281 (-7.3%), from €318,576 to €295,295
of which Remuneration and social security: -€13,643
Income statement
- Write-downs +€183,867
no longer reported in 2025 (was -€183,867)
- Gross operating margin +€40,421
up €40,421 (+1.7%), from €2.4m to €2.4m
- Staff costs -€38,948
down €38,948 (-1.8%), from €2.2m to €2.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€326,111
Gross operating margin
+€40,421
Staff costs
+€38,948
Depreciation
-€17,879
Write-downs
-€183,867
Other operating charges
+€2,514
Financial income
+€3,236
Financial charges
-€3,899
Taxes
-€20,269
Result 2025
€185,316
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€137,861
Investment
-€115,413
Financing
-€251,099
Cash 2024
€330,152
From operations (derived)
+€137,861
Net result for the year
+€185,316
Depreciation
+€60,659
Stocks and contracts
+€27,069
Receivables within one year
-€8,722
Trade debts
-€99,897
Tax, wage and social debts
-€23,281
Accrued charges and deferred income
-€3,283
Investment (derived)
-€115,413
Investment in fixed assets (net)
-€115,413
Financing
-€251,099
Current portion of long-term debt
-€1,099
Short-term financial debts
-€250,000
Cash 2025
€101,502
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,955,831 | €1,763,588 | -€192,243 | -9.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €238,538 | €293,292 | +€54,754 | +23.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €238,538 | €293,292 | +€54,754 | +23.0% |
| Land and buildings | 22 | €93,268 | €92,337 | -€931 | -1.0% |
| Plant, machinery and equipment | 23 | €7,463 | €4,277 | -€3,186 | -42.7% |
| Furniture and vehicles | 24 | €137,807 | €196,678 | +€58,871 | +42.7% |
| Current assets | 29/58 | €1,717,293 | €1,470,296 | -€246,997 | -14.4% |
| Stocks and contracts in progress | 3 | €392,348 | €365,279 | -€27,069 | -6.9% |
| Stocks | 30/36 | €392,348 | €365,279 | -€27,069 | -6.9% |
| Amounts receivable within one year | 40/41 | €994,794 | €1,003,515 | +€8,722 | +0.9% |
| Trade receivables | 40 | €934,354 | €845,336 | -€89,018 | -9.5% |
| Other amounts receivable | 41 | €60,440 | €158,180 | +€97,739 | +162% |
| Cash at bank and in hand | 54/58 | €330,152 | €101,502 | -€228,650 | -69.3% |
| Total equity and liabilities | 10/49 | €1,955,831 | €1,763,588 | -€192,243 | -9.8% |
| Equity | 10/15 | €936,521 | €1,121,837 | +€185,316 | +19.8% |
| Contributions | 10/11 | €558,981 | €558,981 | = | 0.0% |
| Capital | 10 | €558,981 | €558,981 | = | 0.0% |
| Issued capital | 100 | €558,981 | €558,981 | = | 0.0% |
| Reserves | 13 | €394,546 | €394,546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,898 | €55,898 | = | 0.0% |
| Legal reserve | 130 | €55,898 | €55,898 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €282,398 | €282,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,006 | €168,310 | +€185,316 | |
| Amounts payable | 17/49 | €1,019,311 | €641,751 | -€377,559 | -37.0% |
| Amounts payable within one year | 42/48 | €1,015,434 | €641,158 | -€374,276 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €1,099 | - | -€1,099 | |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €445,759 | €345,863 | -€99,897 | -22.4% |
| Suppliers | 440/4 | €445,759 | €345,863 | -€99,897 | -22.4% |
| Taxes, remuneration and social security | 45 | €318,576 | €295,295 | -€23,281 | -7.3% |
| Taxes | 450/3 | €12,126 | €2,488 | -€9,637 | -79.5% |
| Remuneration and social security | 454/9 | €306,450 | €292,807 | -€13,643 | -4.5% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €3,877 | €593 | -€3,283 | -84.7% |
| Remuneration, social security and pensions | 62 | €2,157,419 | €2,118,471 | -€38,948 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,780 | €60,659 | +€17,879 | +41.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€183,867 | - | +€183,867 | |
| Other operating charges | 640/8 | €12,344 | €9,830 | -€2,514 | -20.4% |
| Gross operating margin | 9900 | €2,352,786 | €2,393,207 | +€40,421 | +1.7% |
| Operating profit (loss) | 9901 | €324,111 | €204,247 | -€119,863 | -37.0% |
| Financial income | 75/76B | €2,787 | €6,023 | +€3,236 | +116% |
| Recurring financial income | 75 | €2,787 | €6,023 | +€3,236 | +116% |
| Financial charges | 65/66B | €103 | €4,002 | +€3,899 | +3,778% |
| Recurring financial charges | 65 | €103 | €4,002 | +€3,899 | +3,778% |
| Profit (loss) for the period before taxes | 9903 | €326,794 | €206,268 | -€120,526 | -36.9% |
| Income taxes | 67/77 | €683 | €20,953 | +€20,269 | +2,967% |
| Profit (loss) for the period | 9904 | €326,111 | €185,316 | -€140,795 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €326,111 | €185,316 | -€140,795 | -43.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.