EUROTECHNICAL CENTER: what changed
What changed
EUROTECHNICAL CENTER
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€39,570
2024 · €29,670+€9,900
Equity
€161,476
2024 · €151,906+€9,570
Cash
€154,934
2024 · €150,711+€4,222
Balance sheet total
€555,028
2024 · €414,011+€141,017
Largest movements
Assets
- Receivables within one year +€126,511
up €126,511 (+68.2%), from €185,489 to €312,000
of which Trade receivables: +€77,989
- Tangible fixed assets +€20,147
up €20,147 (+38.1%), from €52,868 to €73,016
of which Other tangible fixed assets: +€20,603
- Deferred charges and accrued income -€10,376
down €10,376 (-59.3%), from €17,486 to €7,109
Equity and liabilities
- Trade debts +€106,277
up €106,277 (+166%), from €64,059 to €170,336
- Debts after one year +€23,918
up €23,918 (+81.2%), from €29,470 to €53,388
- Profit (loss) carried forward +€9,570
up €9,570 (+11.2%), from €85,081 to €94,651
Income statement
- Staff costs -€23,333
down €23,333 (-5.6%), from €415,595 to €392,262
- Depreciation +€5,118
up €5,118 (+20.9%), from €24,490 to €29,608
- Gross operating margin -€4,884
down €4,884 (-1.0%), from €481,877 to €476,994
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
€29,670
Gross operating margin
-€4,884
Staff costs
+€23,333
Depreciation
-€5,118
Other operating charges
-€315
Financial income
+€230
Financial charges
+€466
Taxes
-€3,813
Result 2025
€39,570
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
+€54,584
Investment
-€49,755
Financing
-€606
Cash 2024
€150,711
From operations (derived)
+€54,584
Net result for the year
+€39,570
Depreciation
+€29,608
Stocks and contracts
-€512
Receivables within one year
-€126,511
Deferred charges and accrued income
+€10,376
Trade debts
+€106,277
Tax, wage and social debts
-€5,225
Other debts
+€1,000
Investment (derived)
-€49,755
Investment in fixed assets (net)
-€49,755
Financing
-€606
Debts after one year
+€23,918
Current portion of long-term debt
+€5,476
Contributions, distributions and other
-€30,000
Cash 2025
€154,934
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,011 | €555,028 | +€141,017 | +34.1% |
| Fixed assets | 21/28 | €53,824 | €73,971 | +€20,147 | +37.4% |
| Tangible fixed assets | 22/27 | €52,868 | €73,016 | +€20,147 | +38.1% |
| Plant, machinery and equipment | 23 | €4,004 | €11,028 | +€7,024 | +175% |
| Furniture and vehicles | 24 | €29,492 | €33,876 | +€4,384 | +14.9% |
| Leasing and similar rights | 25 | €19,373 | €7,510 | -€11,863 | -61.2% |
| Other tangible fixed assets | 26 | - | €20,603 | +€20,603 | |
| Financial fixed assets | 28 | €956 | €956 | = | 0.0% |
| Current assets | 29/58 | €360,187 | €481,057 | +€120,870 | +33.6% |
| Stocks and contracts in progress | 3 | €6,502 | €7,014 | +€512 | +7.9% |
| Stocks | 30/36 | €6,502 | €7,014 | +€512 | +7.9% |
| Amounts receivable within one year | 40/41 | €185,489 | €312,000 | +€126,511 | +68.2% |
| Trade receivables | 40 | €166,228 | €244,217 | +€77,989 | +46.9% |
| Other amounts receivable | 41 | €19,262 | €67,783 | +€48,522 | +252% |
| Cash at bank and in hand | 54/58 | €150,711 | €154,934 | +€4,222 | +2.8% |
| Deferred charges and accrued income | 490/1 | €17,486 | €7,109 | -€10,376 | -59.3% |
| Total equity and liabilities | 10/49 | €414,011 | €555,028 | +€141,017 | +34.1% |
| Equity | 10/15 | €151,906 | €161,476 | +€9,570 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,225 | €48,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,365 | €46,365 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,081 | €94,651 | +€9,570 | +11.2% |
| Amounts payable | 17/49 | €262,105 | €393,552 | +€131,447 | +50.2% |
| Amounts payable after more than one year | 17 | €29,470 | €53,388 | +€23,918 | +81.2% |
| Financial debts | 170/4 | €29,470 | €53,388 | +€23,918 | +81.2% |
| Amounts payable within one year | 42/48 | €232,635 | €340,164 | +€107,529 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €27,014 | €32,491 | +€5,476 | +20.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €64,059 | €170,336 | +€106,277 | +166% |
| Suppliers | 440/4 | €64,059 | €170,336 | +€106,277 | +166% |
| Taxes, remuneration and social security | 45 | €62,562 | €57,338 | -€5,225 | -8.4% |
| Taxes | 450/3 | €14,748 | €12,366 | -€2,382 | -16.1% |
| Remuneration and social security | 454/9 | €47,815 | €44,972 | -€2,843 | -5.9% |
| Other amounts payable | 47/48 | €29,000 | €30,000 | +€1,000 | +3.4% |
| Non-recurring operating income | 76A | - | €2,952 | +€2,952 | |
| Remuneration, social security and pensions | 62 | €415,595 | €392,262 | -€23,333 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,490 | €29,608 | +€5,118 | +20.9% |
| Other operating charges | 640/8 | €3,106 | €3,421 | +€315 | +10.1% |
| Gross operating margin | 9900 | €481,877 | €476,994 | -€4,884 | -1.0% |
| Operating profit (loss) | 9901 | €38,686 | €51,703 | +€13,016 | +33.6% |
| Financial income | 75/76B | €555 | €786 | +€230 | +41.5% |
| Recurring financial income | 75 | €555 | €786 | +€230 | +41.5% |
| Financial charges | 65/66B | €7,801 | €7,335 | -€466 | -6.0% |
| Recurring financial charges | 65 | €7,201 | €7,335 | +€134 | +1.9% |
| Non-recurring financial charges | 66B | €600 | - | -€600 | |
| Profit (loss) for the period before taxes | 9903 | €31,440 | €45,153 | +€13,713 | +43.6% |
| Income taxes | 67/77 | €1,770 | €5,583 | +€3,813 | +215% |
| Profit (loss) for the period | 9904 | €29,670 | €39,570 | +€9,900 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,670 | €39,570 | +€9,900 | +33.4% |
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 8 November 2026 via checked.be.