ELMECH - SERVICES: 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
ELMECH - SERVICES
NACE 43.211, General electrical installation work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€878,096
2024 · €430,303+€447,792
Equity
€2.9m
2024 · €2.0m+€878,096
Cash
€408,129
2024 · €934,671-€526,541
Balance sheet total
€9.1m
2024 · €7.7m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+63.9%), from €2.6m to €4.3m
of which Trade receivables: +€1.7m
- Tangible fixed assets +€626,302
up €626,302 (+51.3%), from €1.2m to €1.8m
of which Leasing and similar rights: +€615,031
- Cash -€526,541
down €526,541 (-56.3%), from €934,671 to €408,129
mainly Trade debts (-€1.9m) and Receivables within one year (-€1.7m)
- Stocks and contracts -€474,866
down €474,866 (-20.9%), from €2.3m to €1.8m
of which Contracts in progress: -€621,667
Equity and liabilities
- Debts after one year +€2.9m
up €2.9m (+592.5%), from €487,664 to €3.4m
- Trade debts -€1.9m
down €1.9m (-53.1%), from €3.6m to €1.7m
- Reserves +€878,096
up €878,096 (+44.4%), from €2.0m to €2.9m
- Accrued charges and deferred income -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Short-term financial debts -€247,100
down €247,100 (-81.6%), from €302,937 to €55,837
Income statement
- Turnover +€2.5m
up €2.5m (+16.5%), from €14.9m to €17.4m
- Goods and materials -€609,422
down €609,422 (-6.8%), from €9.0m to €8.4m
of which Purchases: -€527,118
- Services and other goods +€429,064
up €429,064 (+14.4%), from €3.0m to €3.4m
- Staff costs +€391,554
up €391,554 (+13.1%), from €3.0m to €3.4m
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
€430,303
Turnover
+€2.5m
Other operating income
-€28,904
Goods and materials
+€609,422
Services and other goods
-€429,064
Staff costs
-€391,554
Depreciation
-€43,587
Write-downs
-€3,001
Provisions
-€50,404
Other operating charges
-€1,466
Other operating items
-€1.5m
Financial income
+€1,618
Financial charges
-€18,904
Taxes
-€154,584
Result 2025
€878,096
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
-€2.2m
Investment
-€1.1m
Financing
+€2.8m
Cash 2024
€934,671
From operations (derived)
-€2.2m
Net result for the year
+€878,096
Depreciation
+€381,989
Stocks and contracts
+€474,866
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€5,123
Provisions
+€31,000
Trade debts
-€1.9m
Tax, wage and social debts
+€67,919
Accrued charges and deferred income
-€400,000
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
-€31,836
Financing
+€2.8m
Debts after one year
+€2.9m
Current portion of long-term debt
+€107,881
Short-term financial debts
-€247,100
Cash 2025
€408,129
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,662,918 | €9,061,145 | +€1.4m | +18.2% |
| Fixed assets | 21/28 | €1,675,224 | €2,350,174 | +€674,950 | +40.3% |
| Intangible fixed assets | 21 | - | €22,658 | +€22,658 | |
| Tangible fixed assets | 22/27 | €1,220,753 | €1,847,056 | +€626,302 | +51.3% |
| Plant, machinery and equipment | 23 | €258,121 | €301,513 | +€43,392 | +16.8% |
| Furniture and vehicles | 24 | €45,004 | €87,895 | +€42,891 | +95.3% |
| Leasing and similar rights | 25 | €363,171 | €978,202 | +€615,031 | +169.4% |
| Other tangible fixed assets | 26 | €554,458 | €479,445 | -€75,012 | -13.5% |
| Financial fixed assets | 28 | €454,471 | €480,460 | +€25,990 | +5.7% |
| Other financial fixed assets | 284/8 | €454,471 | €480,460 | +€25,990 | +5.7% |
| Amounts receivable and cash guarantees | 285/8 | €454,471 | €480,460 | +€25,990 | +5.7% |
| Current assets | 29/58 | €5,987,694 | €6,710,971 | +€723,277 | +12.1% |
| Stocks and contracts in progress | 3 | €2,270,202 | €1,795,336 | -€474,866 | -20.9% |
| Stocks | 30/36 | €535,310 | €682,111 | +€146,801 | +27.4% |
| Goods purchased for resale | 34 | €535,310 | €682,111 | +€146,801 | +27.4% |
| Contracts in progress | 37 | €1,734,892 | €1,113,225 | -€621,667 | -35.8% |
| Amounts receivable within one year | 40/41 | €2,639,468 | €4,327,193 | +€1.7m | +63.9% |
| Trade receivables | 40 | €2,527,503 | €4,271,967 | +€1.7m | +69.0% |
| Other amounts receivable | 41 | €111,965 | €55,226 | -€56,739 | -50.7% |
| Current investments | 50/53 | €137,022 | €168,857 | +€31,836 | +23.2% |
| Other investments | 51/53 | €137,022 | €168,857 | +€31,836 | +23.2% |
| Cash at bank and in hand | 54/58 | €934,671 | €408,129 | -€526,541 | -56.3% |
| Deferred charges and accrued income | 490/1 | €6,332 | €11,456 | +€5,123 | +80.9% |
| Total equity and liabilities | 10/49 | €7,662,918 | €9,061,145 | +€1.4m | +18.2% |
| Equity | 10/15 | €1,997,113 | €2,875,208 | +€878,096 | +44.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,978,563 | €2,856,658 | +€878,096 | +44.4% |
| Distributable reserves | 133 | €1,978,563 | €2,856,658 | +€878,096 | +44.4% |
| Provisions and deferred taxes | 16 | €20,000 | €51,000 | +€31,000 | +155.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €51,000 | +€31,000 | +155.0% |
| Other liabilities and charges | 164/5 | €20,000 | €51,000 | +€31,000 | +155.0% |
| Amounts payable | 17/49 | €5,645,806 | €6,134,936 | +€489,131 | +8.7% |
| Amounts payable after more than one year | 17 | €487,664 | €3,377,000 | +€2.9m | +592.5% |
| Financial debts | 170/4 | €487,664 | €3,377,000 | +€2.9m | +592.5% |
| Subordinated loans | 170 | - | €2,519,193 | +€2.5m | |
| Leasing and similar obligations | 172 | €215,162 | €713,869 | +€498,707 | +231.8% |
| Credit institutions | 173 | €272,502 | €143,937 | -€128,565 | -47.2% |
| Amounts payable within one year | 42/48 | €4,758,142 | €2,757,937 | -€2.0m | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €260,843 | €368,725 | +€107,881 | +41.4% |
| Financial debts | 43 | €302,937 | €55,837 | -€247,100 | -81.6% |
| Credit institutions | 430/8 | €302,937 | €55,837 | -€247,100 | -81.6% |
| Trade debts | 44 | €3,630,878 | €1,701,972 | -€1.9m | -53.1% |
| Suppliers | 440/4 | €3,630,878 | €1,701,972 | -€1.9m | -53.1% |
| Taxes, remuneration and social security | 45 | €562,303 | €630,221 | +€67,919 | +12.1% |
| Taxes | 450/3 | €87,657 | €57,501 | -€30,156 | -34.4% |
| Remuneration and social security | 454/9 | €474,646 | €572,721 | +€98,075 | +20.7% |
| Other amounts payable | 47/48 | €1,182 | €1,182 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €400,000 | €0 | -€400,000 | -100.0% |
| Operating income | 70/76A | €15,997,585 | €16,923,142 | +€925,558 | +5.8% |
| Turnover | 70 | €14,922,379 | €17,383,740 | +€2.5m | +16.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €885,232 | -€621,667 | -€1.5m | |
| Other operating income | 74 | €189,973 | €161,069 | -€28,904 | -15.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €15,335,072 | €15,640,968 | +€305,895 | +2.0% |
| Goods for resale, raw materials and consumables | 60 | €9,015,718 | €8,406,296 | -€609,422 | -6.8% |
| Purchases | 600/8 | €9,080,215 | €8,553,097 | -€527,118 | -5.8% |
| Change in stocks: decrease (increase) | 609 | -€64,497 | -€146,801 | -€82,304 | -127.6% |
| Services and other goods | 61 | €2,976,635 | €3,405,699 | +€429,064 | +14.4% |
| Remuneration, social security and pensions | 62 | €2,995,082 | €3,386,636 | +€391,554 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,402 | €381,989 | +€43,587 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,001 | +€3,001 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€19,404 | €31,000 | +€50,404 | |
| Other operating charges | 640/8 | €24,880 | €26,346 | +€1,466 | +5.9% |
| Non-recurring operating charges | 66A | €3,760 | €0 | -€3,760 | -100.0% |
| Operating profit (loss) | 9901 | €662,512 | €1,282,174 | +€619,662 | +93.5% |
| Financial income | 75/76B | €6,043 | €7,661 | +€1,618 | +26.8% |
| Recurring financial income | 75 | €6,043 | €7,661 | +€1,618 | +26.8% |
| Income from financial fixed assets | 750 | €0 | €2,546 | +€2,546 | |
| Income from current assets | 751 | €6,043 | €5,110 | -€933 | -15.4% |
| Other financial income | 752/9 | - | €4 | +€4 | |
| Financial charges | 65/66B | €65,275 | €84,179 | +€18,904 | +29.0% |
| Recurring financial charges | 65 | €65,275 | €84,179 | +€18,904 | +29.0% |
| Debt charges | 650 | €47,805 | €51,056 | +€3,250 | +6.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €836 | -€836 | -€1,671 | |
| Other financial charges | 652/9 | €16,634 | €33,959 | +€17,325 | +104.2% |
| Profit (loss) for the period before taxes | 9903 | €603,280 | €1,205,656 | +€602,376 | +99.9% |
| Income taxes | 67/77 | €172,977 | €327,560 | +€154,584 | +89.4% |
| Taxes | 670/3 | €172,977 | €327,560 | +€154,584 | +89.4% |
| Profit (loss) for the period | 9904 | €430,303 | €878,096 | +€447,792 | +104.1% |
| Profit (loss) for the period to be appropriated | 9905 | €430,303 | €878,096 | +€447,792 | +104.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.