Fire: what changed
What changed
Fire
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€258,451
2024 · €155,193+€103,258
Equity
€416,144
2024 · €272,471+€143,673
Cash
€362,884
2024 · €212,284+€150,600
Balance sheet total
€908,337
2024 · €715,870+€192,466
Largest movements
Assets
- Cash +€150,600
up €150,600 (+70.9%), from €212,284 to €362,884
mainly Net result for the year (+€258,451) and Trade debts (+€83,837)
- Receivables within one year +€32,499
up €32,499 (+7.0%), from €462,695 to €495,194
of which Trade receivables: +€33,018
Equity and liabilities
- Reserves +€143,673
up €143,673 (+53.2%), from €269,971 to €413,644
- Trade debts +€83,837
up €83,837 (+27.9%), from €300,595 to €384,432
- Accrued charges and deferred income -€47,427
no longer reported in 2025 (was €47,427)
- Tax, wage and social debts +€18,930
up €18,930 (+27.3%), from €69,245 to €88,175
- Debts after one year -€9,251
down €9,251 (-53.6%), from €17,270 to €8,019
Income statement
- Gross operating margin +€145,840
up €145,840 (+67.4%), from €216,359 to €362,199
- Taxes +€38,404
up €38,404 (+81.0%), from €47,441 to €85,845
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
€155,193
Gross operating margin
+€145,840
Staff costs
-€2,536
Depreciation
-€1,217
Other operating charges
+€1,144
Other operating items
-€1,889
Financial income
-€453
Financial charges
+€772
Taxes
-€38,404
Result 2025
€258,451
raises the resultlowers the resultnot broken down further in the accounts
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
+€294,348
Investment
-€20,109
Financing
-€123,639
Cash 2024
€212,284
From operations (derived)
+€294,348
Net result for the year
+€258,451
Depreciation
+€11,042
Smaller working-capital items
-€300
Receivables within one year
-€32,499
Trade debts
+€83,837
Tax, wage and social debts
+€18,930
Other debts
+€2,315
Accrued charges and deferred income
-€47,427
Investment (derived)
-€20,109
Investment in fixed assets (net)
-€20,109
Financing
-€123,639
Debts after one year
-€9,251
Current portion of long-term debt
+€390
Contributions, distributions and other
-€114,778
Cash 2025
€362,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,870 | €908,337 | +€192,466 | +26.9% |
| Fixed assets | 21/28 | €37,942 | €47,009 | +€9,067 | +23.9% |
| Tangible fixed assets | 22/27 | €37,942 | €47,009 | +€9,067 | +23.9% |
| Plant, machinery and equipment | 23 | €5,703 | €5,035 | -€667 | -11.7% |
| Furniture and vehicles | 24 | €32,240 | €27,931 | -€4,309 | -13.4% |
| Other tangible fixed assets | 26 | - | €14,043 | +€14,043 | |
| Current assets | 29/58 | €677,928 | €861,328 | +€183,399 | +27.1% |
| Stocks and contracts in progress | 3 | €2,082 | €2,459 | +€377 | +18.1% |
| Stocks | 30/36 | €2,082 | €2,459 | +€377 | +18.1% |
| Amounts receivable within one year | 40/41 | €462,695 | €495,194 | +€32,499 | +7.0% |
| Trade receivables | 40 | €454,070 | €487,088 | +€33,018 | +7.3% |
| Other amounts receivable | 41 | €8,625 | €8,106 | -€519 | -6.0% |
| Cash at bank and in hand | 54/58 | €212,284 | €362,884 | +€150,600 | +70.9% |
| Deferred charges and accrued income | 490/1 | €868 | €791 | -€77 | -8.9% |
| Total equity and liabilities | 10/49 | €715,870 | €908,337 | +€192,466 | +26.9% |
| Equity | 10/15 | €272,471 | €416,144 | +€143,673 | +52.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €269,971 | €413,644 | +€143,673 | +53.2% |
| Distributable reserves | 133 | €269,971 | €413,644 | +€143,673 | +53.2% |
| Amounts payable | 17/49 | €443,399 | €492,192 | +€48,793 | +11.0% |
| Amounts payable after more than one year | 17 | €17,270 | €8,019 | -€9,251 | -53.6% |
| Financial debts | 170/4 | €17,270 | €8,019 | -€9,251 | -53.6% |
| Amounts payable within one year | 42/48 | €378,702 | €484,173 | +€105,471 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €8,862 | €9,251 | +€390 | +4.4% |
| Trade debts | 44 | €300,595 | €384,432 | +€83,837 | +27.9% |
| Suppliers | 440/4 | €300,595 | €384,432 | +€83,837 | +27.9% |
| Taxes, remuneration and social security | 45 | €69,245 | €88,175 | +€18,930 | +27.3% |
| Taxes | 450/3 | €69,245 | €88,175 | +€18,930 | +27.3% |
| Other amounts payable | 47/48 | - | €2,315 | +€2,315 | |
| Accrued charges and deferred income | 492/3 | €47,427 | - | -€47,427 | |
| Remuneration, social security and pensions | 62 | - | €2,536 | +€2,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,825 | €11,042 | +€1,217 | +12.4% |
| Other operating charges | 640/8 | €1,998 | €854 | -€1,144 | -57.3% |
| Non-recurring operating charges | 66A | - | €1,889 | +€1,889 | |
| Gross operating margin | 9900 | €216,359 | €362,199 | +€145,840 | +67.4% |
| Operating profit (loss) | 9901 | €204,536 | €345,878 | +€141,342 | +69.1% |
| Financial income | 75/76B | €963 | €510 | -€453 | -47.0% |
| Recurring financial income | 75 | €963 | €510 | -€453 | -47.0% |
| Financial charges | 65/66B | €2,865 | €2,093 | -€772 | -26.9% |
| Recurring financial charges | 65 | €2,865 | €2,093 | -€772 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €202,634 | €344,296 | +€141,662 | +69.9% |
| Income taxes | 67/77 | €47,441 | €85,845 | +€38,404 | +81.0% |
| Profit (loss) for the period | 9904 | €155,193 | €258,451 | +€103,258 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €155,193 | €258,451 | +€103,258 | +66.5% |
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.