IDR: what changed
What changed
IDR
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€8,482
2025 · €4,625+€3,856
Equity
€347,213
2025 · €338,731+€8,482
Cash
€1,157
2025 · €834+€323
Balance sheet total
€2.1m
2025 · €2.0m+€157,802
Largest movements
Assets
- Stocks and contracts +€244,353
up €244,353 (+137%), from €178,511 to €422,864
of which Stocks: +€249,103
- Receivables within one year -€73,379
down €73,379 (-4.3%), from €1.7m to €1.6m
of which Trade receivables: -€143,029
Equity and liabilities
- Trade debts +€267,574
up €267,574 (+25.9%), from €1.0m to €1.3m
- Other debts -€108,980
down €108,980 (-86.1%), from €126,522 to €17,541
- Short-term financial debts -€74,700
down €74,700 (-18.7%), from €400,000 to €325,300
- Tax, wage and social debts +€65,427
up €65,427 (+76.3%), from €85,730 to €151,156
Income statement
- Staff costs +€107,441
up €107,441 (+25.8%), from €416,173 to €523,613
- Gross operating margin +€75,481
up €75,481 (+15.4%), from €489,914 to €565,395
- Taxes -€19,443
no longer reported in 2026 (was €19,443)
- Other operating charges -€17,275
down €17,275 (-88.8%), from €19,459 to €2,184
Change in the result, 2025 to 2026
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 2025
€4,625
Gross operating margin
+€75,481
Staff costs
-€107,441
Depreciation
-€3,109
Other operating charges
+€17,275
Financial income
+€509
Financial charges
+€1,698
Taxes
+€19,443
Result 2026
€8,482
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€78,538
Investment
-€3,515
Financing
-€74,700
Cash 2025
€834
From operations (derived)
+€78,538
Net result for the year
+€8,482
Depreciation
+€17,010
Stocks and contracts
-€244,353
Receivables within one year
+€73,379
Trade debts
+€267,574
Tax, wage and social debts
+€65,427
Other debts
-€108,980
Investment (derived)
-€3,515
Investment in fixed assets (net)
-€3,515
Financing
-€74,700
Short-term financial debts
-€74,700
Cash 2026
€1,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,984,037 | €2,141,838 | +€157,802 | +8.0% |
| Fixed assets | 21/28 | €87,781 | €74,286 | -€13,495 | -15.4% |
| Tangible fixed assets | 22/27 | €87,681 | €74,186 | -€13,495 | -15.4% |
| Land and buildings | 22 | €3,151 | €2,769 | -€382 | -12.1% |
| Plant, machinery and equipment | 23 | €23,455 | €20,019 | -€3,436 | -14.6% |
| Furniture and vehicles | 24 | €26,740 | €20,649 | -€6,092 | -22.8% |
| Other tangible fixed assets | 26 | €34,335 | €30,749 | -€3,586 | -10.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,896,256 | €2,067,552 | +€171,297 | +9.0% |
| Stocks and contracts in progress | 3 | €178,511 | €422,864 | +€244,353 | +137% |
| Stocks | 30/36 | €131,611 | €380,714 | +€249,103 | +189% |
| Contracts in progress | 37 | €46,900 | €42,150 | -€4,750 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,714,475 | €1,641,095 | -€73,379 | -4.3% |
| Trade receivables | 40 | €1,551,733 | €1,408,705 | -€143,029 | -9.2% |
| Other amounts receivable | 41 | €162,741 | €232,391 | +€69,649 | +42.8% |
| Cash at bank and in hand | 54/58 | €834 | €1,157 | +€323 | +38.7% |
| Deferred charges and accrued income | 490/1 | €2,436 | €2,436 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,984,037 | €2,141,838 | +€157,802 | +8.0% |
| Equity | 10/15 | €338,731 | €347,213 | +€8,482 | +2.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 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% |
| Profit (loss) carried forward | 14 | €289,231 | €297,713 | +€8,482 | +2.9% |
| Amounts payable | 17/49 | €1,645,306 | €1,794,626 | +€149,320 | +9.1% |
| Amounts payable within one year | 42/48 | €1,645,306 | €1,794,626 | +€149,320 | +9.1% |
| Financial debts | 43 | €400,000 | €325,300 | -€74,700 | -18.7% |
| Credit institutions | 430/8 | €400,000 | €325,300 | -€74,700 | -18.7% |
| Trade debts | 44 | €1,033,054 | €1,300,628 | +€267,574 | +25.9% |
| Suppliers | 440/4 | €1,033,054 | €1,300,628 | +€267,574 | +25.9% |
| Taxes, remuneration and social security | 45 | €85,730 | €151,156 | +€65,427 | +76.3% |
| Remuneration and social security | 454/9 | €85,730 | €151,156 | +€65,427 | +76.3% |
| Other amounts payable | 47/48 | €126,522 | €17,541 | -€108,980 | -86.1% |
| Remuneration, social security and pensions | 62 | €416,173 | €523,613 | +€107,441 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,901 | €17,010 | +€3,109 | +22.4% |
| Other operating charges | 640/8 | €19,459 | €2,184 | -€17,275 | -88.8% |
| Gross operating margin | 9900 | €489,914 | €565,395 | +€75,481 | +15.4% |
| Operating profit (loss) | 9901 | €40,381 | €22,588 | -€17,794 | -44.1% |
| Financial income | 75/76B | €1,252 | €1,761 | +€509 | +40.6% |
| Recurring financial income | 75 | €1,252 | €1,761 | +€509 | +40.6% |
| Financial charges | 65/66B | €17,565 | €15,867 | -€1,698 | -9.7% |
| Recurring financial charges | 65 | €17,565 | €15,867 | -€1,698 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €24,069 | €8,482 | -€15,587 | -64.8% |
| Income taxes | 67/77 | €19,443 | - | -€19,443 | |
| Profit (loss) for the period | 9904 | €4,625 | €8,482 | +€3,856 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,625 | €8,482 | +€3,856 | +83.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.