GENERAL INSTALLATIONS & TECHNICAL 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.
GENERAL INSTALLATIONS & TECHNICAL SERVICES
Largest movements
- Receivables within one year +€208,804
up €208,804 (+46.1%), from €453,125 to €661,929
of which Trade receivables: +€206,336
- Receivables after one year +€117,755
up €117,755 (+69.3%), from €169,819 to €287,574
- Cash +€78,891
up €78,891 (+125.8%), from €62,716 to €141,607
mainly Net result for the year (+€310,763) and Trade debts (+€57,346)
- Tangible fixed assets +€33,904
up €33,904 (+36.5%), from €92,991 to €126,895
of which Plant, machinery and equipment: +€26,608
- Deferred charges and accrued income +€19,859
up €19,859 (+62.6%), from €31,723 to €51,582
- Reserves +€301,379
up €301,379 (+100.6%), from €299,597 to €600,975
- Trade debts +€57,346
up €57,346 (+53.3%), from €107,578 to €164,924
- Tax, wage and social debts +€53,922
up €53,922 (+31.9%), from €169,106 to €223,027
of which Taxes: +€32,355
- Accrued charges and deferred income +€20,995
up €20,995 (+256.8%), from €8,175 to €29,170
- Short-term financial debts +€15,059
up €15,059 (+8.1%), from €185,520 to €200,579
- Turnover +€1.6m
up €1.6m (+65.5%), from €2.5m to €4.2m
- Purchases and services +€1.3m
up €1.3m (+98.1%), from €1.4m to €2.7m
- Gross operating margin +€288,758
up €288,758 (+22.9%), from €1.3m to €1.5m
- Staff costs +€117,509
up €117,509 (+12.8%), from €915,547 to €1.0m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,374 | €1,279,588 | +€459,213 | +56.0% |
| Fixed assets | 21/28 | €92,991 | €126,895 | +€33,904 | +36.5% |
| Tangible fixed assets | 22/27 | €92,991 | €126,895 | +€33,904 | +36.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €4,988 | €31,596 | +€26,608 | +533.4% |
| Furniture and vehicles | 24 | €25,372 | €25,162 | -€210 | -0.8% |
| Other tangible fixed assets | 26 | €62,631 | €70,137 | +€7,506 | +12.0% |
| Current assets | 29/58 | €727,383 | €1,152,692 | +€425,309 | +58.5% |
| Amounts receivable after more than one year | 29 | €169,819 | €287,574 | +€117,755 | +69.3% |
| Other amounts receivable | 291 | €169,819 | €287,574 | +€117,755 | +69.3% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €453,125 | €661,929 | +€208,804 | +46.1% |
| Trade receivables | 40 | €423,551 | €629,888 | +€206,336 | +48.7% |
| Other amounts receivable | 41 | €29,574 | €32,042 | +€2,468 | +8.3% |
| Cash at bank and in hand | 54/58 | €62,716 | €141,607 | +€78,891 | +125.8% |
| Deferred charges and accrued income | 490/1 | €31,723 | €51,582 | +€19,859 | +62.6% |
| Total equity and liabilities | 10/49 | €820,374 | €1,279,588 | +€459,213 | +56.0% |
| Equity | 10/15 | €318,189 | €619,567 | +€301,379 | +94.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €299,597 | €600,975 | +€301,379 | +100.6% |
| Distributable reserves | 133 | €299,597 | €600,975 | +€301,379 | +100.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €502,186 | €660,020 | +€157,835 | +31.4% |
| Amounts payable after more than one year | 17 | €22,479 | €32,601 | +€10,122 | +45.0% |
| Financial debts | 170/4 | €22,479 | €32,601 | +€10,122 | +45.0% |
| Amounts payable within one year | 42/48 | €471,532 | €598,250 | +€126,717 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €9,328 | €9,628 | +€300 | +3.2% |
| Financial debts | 43 | €185,520 | €200,579 | +€15,059 | +8.1% |
| Credit institutions | 430/8 | €185,520 | €200,579 | +€15,059 | +8.1% |
| Trade debts | 44 | €107,578 | €164,924 | +€57,346 | +53.3% |
| Suppliers | 440/4 | €107,578 | €164,924 | +€57,346 | +53.3% |
| Taxes, remuneration and social security | 45 | €169,106 | €223,027 | +€53,922 | +31.9% |
| Taxes | 450/3 | €83,823 | €116,178 | +€32,355 | +38.6% |
| Remuneration and social security | 454/9 | €85,282 | €106,849 | +€21,567 | +25.3% |
| Other amounts payable | 47/48 | - | €92 | +€92 | |
| Accrued charges and deferred income | 492/3 | €8,175 | €29,170 | +€20,995 | +256.8% |
| Turnover | 70 | €2,508,275 | €4,150,906 | +€1.6m | +65.5% |
| Non-recurring operating income | 76A | €28,031 | €1,804 | -€26,227 | -93.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,362,564 | €2,698,880 | +€1.3m | +98.1% |
| Remuneration, social security and pensions | 62 | €915,547 | €1,033,056 | +€117,509 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,578 | €30,970 | +€5,392 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,285 | +€29,285 | |
| Other operating charges | 640/8 | €9,673 | €9,630 | -€43 | -0.4% |
| Non-recurring operating charges | 66A | €13,002 | €0 | -€13,002 | -100.0% |
| Gross operating margin | 9900 | €1,259,564 | €1,548,322 | +€288,758 | +22.9% |
| Operating profit (loss) | 9901 | €295,765 | €445,381 | +€149,617 | +50.6% |
| Financial income | 75/76B | €8,780 | €12,757 | +€3,978 | +45.3% |
| Recurring financial income | 75 | €8,780 | €12,757 | +€3,978 | +45.3% |
| Financial charges | 65/66B | €28,533 | €37,215 | +€8,682 | +30.4% |
| Recurring financial charges | 65 | €28,533 | €37,215 | +€8,682 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €276,011 | €420,923 | +€144,912 | +52.5% |
| Income taxes | 67/77 | €91,407 | €110,160 | +€18,754 | +20.5% |
| Profit (loss) for the period | 9904 | €184,605 | €310,763 | +€126,158 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €184,605 | €310,763 | +€126,158 | +68.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.