FAILSAFE: what changed
What changed
FAILSAFE
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€205,039
31-12-2024 · €209,144-€4,105
Equity
€1.1m
31-12-2024 · €944,567+€205,039
Cash
€349,640
31-12-2024 · €501,913-€152,273
Balance sheet total
€3.9m
31-12-2024 · €3.4m+€475,020
Largest movements
Assets
- Receivables within one year +€547,936
up €547,936 (+54.2%), from €1.0m to €1.6m
of which Other amounts receivable: +€552,917
- Receivables after one year -€263,216
no longer reported in 2025 (was €263,216)
- Stocks and contracts +€243,229
up €243,229 (+228%), from €106,634 to €349,863
of which Contracts in progress: +€237,240
- Cash -€152,273
down €152,273 (-30.3%), from €501,913 to €349,640
mainly Receivables within one year (-€547,936) and Debts after one year (-€382,366)
- Tangible fixed assets +€94,430
up €94,430 (+120%), from €78,812 to €173,242
of which Leasing and similar rights: +€107,628
Equity and liabilities
- Debts after one year -€382,366
down €382,366 (-22.1%), from €1.7m to €1.3m
- Advances received +€259,402
new in 2025: €259,402
- Profit (loss) carried forward +€205,039
up €205,039 (+306,761%), from €67 to €205,106
- Current portion of long-term debt +€200,888
up €200,888 (+298%), from €67,480 to €268,368
- Trade debts +€103,000
up €103,000 (+17.4%), from €591,587 to €694,587
Income statement
- Gross operating margin +€506,668
up €506,668 (+104%), from €486,761 to €993,429
- Staff costs +€424,480
up €424,480 (+234%), from €181,708 to €606,188
- Financial charges +€59,965
up €59,965 (+653%), from €9,184 to €69,149
of which Financial charges: +€59,997
- Depreciation +€23,880
up €23,880 (+195%), from €12,266 to €36,146
- Financial income +€12,138
up €12,138 (+541%), from €2,245 to €14,383
Change in the result, 31-12-2024 to 31-12-2025
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 31-12-2024
€209,144
Gross operating margin
+€506,668
Staff costs
-€424,480
Depreciation
-€23,880
Other operating charges
-€8,379
Other operating items
-€4,254
Financial income
+€12,138
Financial charges
-€59,965
Taxes
-€1,953
Result 31-12-2025
€205,039
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€158,688
Investment
-€129,483
Financing
-€181,479
Cash 31-12-2024
€501,913
From operations (derived)
+€158,688
Net result for the year
+€205,039
Depreciation
+€36,146
Receivables after one year
+€263,216
Stocks and contracts
-€243,229
Receivables within one year
-€547,936
Deferred charges and accrued income
-€6,008
Trade debts
+€103,000
Tax, wage and social debts
+€96,494
Advances received
+€259,402
Other debts
-€7,483
Accrued charges and deferred income
+€47
Investment (derived)
-€129,483
Investment in fixed assets (net)
-€129,483
Financing
-€181,479
Debts after one year
-€382,366
Current portion of long-term debt
+€200,888
Contributions, distributions and other
+€0
Cash 31-12-2025
€349,640
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,394,871 | €3,869,891 | +€475,020 | +14.0% |
| Fixed assets | 21/28 | €1,501,568 | €1,594,905 | +€93,337 | +6.2% |
| Intangible fixed assets | 21 | €2,516 | €1,398 | -€1,118 | -44.4% |
| Tangible fixed assets | 22/27 | €78,812 | €173,242 | +€94,430 | +120% |
| Land and buildings | 22 | €21,815 | €21,815 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €28,722 | €15,243 | -€13,479 | -46.9% |
| Furniture and vehicles | 24 | €28,276 | €28,556 | +€280 | +1.0% |
| Leasing and similar rights | 25 | - | €107,628 | +€107,628 | |
| Financial fixed assets | 28 | €1,420,240 | €1,420,265 | +€25 | 0.0% |
| Current assets | 29/58 | €1,893,302 | €2,274,986 | +€381,684 | +20.2% |
| Amounts receivable after more than one year | 29 | €263,216 | - | -€263,216 | |
| Other amounts receivable | 291 | €263,216 | - | -€263,216 | |
| Stocks and contracts in progress | 3 | €106,634 | €349,863 | +€243,229 | +228% |
| Stocks | 30/36 | €106,634 | €112,623 | +€5,989 | +5.6% |
| Contracts in progress | 37 | - | €237,240 | +€237,240 | |
| Amounts receivable within one year | 40/41 | €1,011,561 | €1,559,497 | +€547,936 | +54.2% |
| Trade receivables | 40 | €743,581 | €738,601 | -€4,980 | -0.7% |
| Other amounts receivable | 41 | €267,979 | €820,896 | +€552,917 | +206% |
| Cash at bank and in hand | 54/58 | €501,913 | €349,640 | -€152,273 | -30.3% |
| Deferred charges and accrued income | 490/1 | €9,978 | €15,986 | +€6,008 | +60.2% |
| Total equity and liabilities | 10/49 | €3,394,871 | €3,869,891 | +€475,020 | +14.0% |
| Equity | 10/15 | €944,567 | €1,149,606 | +€205,039 | +21.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €899,500 | €899,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €885,000 | €885,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67 | €205,106 | +€205,039 | +306,761% |
| Amounts payable | 17/49 | €2,450,304 | €2,720,285 | +€269,981 | +11.0% |
| Amounts payable after more than one year | 17 | €1,728,744 | €1,346,378 | -€382,366 | -22.1% |
| Financial debts | 170/4 | €1,728,744 | €1,346,378 | -€382,366 | -22.1% |
| Amounts payable within one year | 42/48 | €721,559 | €1,373,860 | +€652,301 | +90.4% |
| Current portion of amounts payable after more than one year | 42 | €67,480 | €268,368 | +€200,888 | +298% |
| Trade debts | 44 | €591,587 | €694,587 | +€103,000 | +17.4% |
| Suppliers | 440/4 | €591,587 | €694,587 | +€103,000 | +17.4% |
| Advances received on contracts in progress | 46 | - | €259,402 | +€259,402 | |
| Taxes, remuneration and social security | 45 | €53,179 | €149,673 | +€96,494 | +181% |
| Taxes | 450/3 | €32,325 | €67,699 | +€35,374 | +109% |
| Remuneration and social security | 454/9 | €20,854 | €81,974 | +€61,120 | +293% |
| Other amounts payable | 47/48 | €9,313 | €1,830 | -€7,483 | -80.3% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Remuneration, social security and pensions | 62 | €181,708 | €606,188 | +€424,480 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,266 | €36,146 | +€23,880 | +195% |
| Other operating charges | 640/8 | €4,379 | €12,758 | +€8,379 | +191% |
| Non-recurring operating charges | 66A | - | €4,254 | +€4,254 | |
| Gross operating margin | 9900 | €486,761 | €993,429 | +€506,668 | +104% |
| Operating profit (loss) | 9901 | €288,407 | €334,083 | +€45,676 | +15.8% |
| Financial income | 75/76B | €2,245 | €14,383 | +€12,138 | +541% |
| Recurring financial income | 75 | €2,245 | €14,383 | +€12,138 | +541% |
| Financial charges | 65/66B | €9,184 | €69,149 | +€59,965 | +653% |
| Recurring financial charges | 65 | €9,152 | €69,149 | +€59,997 | +656% |
| Non-recurring financial charges | 66B | €32 | - | -€32 | |
| Profit (loss) for the period before taxes | 9903 | €281,469 | €279,317 | -€2,152 | -0.8% |
| Income taxes | 67/77 | €72,325 | €74,278 | +€1,953 | +2.7% |
| Profit (loss) for the period | 9904 | €209,144 | €205,039 | -€4,105 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €209,144 | €205,039 | -€4,105 | -2.0% |
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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 1 November 2026 via checked.be.