IFM ELECTRONIC: 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.
What changed
IFM ELECTRONIC
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €554,079+€494,394
Equity
€1.7m
2024 · €1.3m+€373,473
Cash
€500,292
2024 · €450,347+€49,946
Balance sheet total
€6.4m
2024 · €6.9m-€531,146
Largest movements
Assets
- Receivables within one year -€504,555
down €504,555 (-8.5%), from €6.0m to €5.5m
of which Trade receivables: -€277,413
- Stocks and contracts -€109,787
down €109,787 (-23.5%), from €468,157 to €358,370
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-30.6%), from €3.8m to €2.7m
- Profit (loss) carried forward +€373,473
up €373,473 (+49.5%), from €754,432 to €1.1m
- Tax, wage and social debts +€268,168
up €268,168 (+26.2%), from €1.0m to €1.3m
of which Taxes: +€230,447
Income statement
- Turnover +€1.6m
up €1.6m (+7.8%), from €20.2m to €21.8m
- Goods and materials +€725,995
up €725,995 (+4.7%), from €15.5m to €16.3m
of which Purchases: +€530,483
- Staff costs +€223,298
up €223,298 (+8.3%), from €2.7m to €2.9m
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.
Result 2024
€554,079
Turnover
+€1.6m
Other operating income
+€5,282
Goods and materials
-€725,995
Services and other goods
+€59,892
Staff costs
-€223,298
Depreciation
-€424
Write-downs
+€19,960
Other operating charges
-€930
Financial income
-€15,796
Financial charges
-€2,062
Taxes
-€193,097
Result 2025
€1.0m
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.
From operations
+€735,222
Investment
-€10,277
Financing
-€675,000
Cash 2024
€450,347
From operations (derived)
+€735,222
Net result for the year
+€1.0m
Depreciation
+€2,688
Stocks and contracts
+€109,787
Receivables within one year
+€504,555
Deferred charges and accrued income
-€25,663
Trade debts
-€1.2m
Tax, wage and social debts
+€268,168
Smaller working-capital items
+€397
Investment (derived)
-€10,277
Investment in fixed assets (net)
-€10,277
Financing
-€675,000
Contributions, distributions and other
-€675,000
Cash 2025
€500,292
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,907,532 | €6,376,387 | -€531,146 | -7.7% |
| Fixed assets | 21/28 | €7,621 | €15,210 | +€7,589 | +99.6% |
| Tangible fixed assets | 22/27 | €7,621 | €15,210 | +€7,589 | +99.6% |
| Furniture and vehicles | 24 | €7,621 | €6,324 | -€1,297 | -17.0% |
| Other tangible fixed assets | 26 | - | €8,885 | +€8,885 | |
| Current assets | 29/58 | €6,899,911 | €6,361,177 | -€538,734 | -7.8% |
| Stocks and contracts in progress | 3 | €468,157 | €358,370 | -€109,787 | -23.5% |
| Stocks | 30/36 | €468,157 | €358,370 | -€109,787 | -23.5% |
| Goods purchased for resale | 34 | €468,157 | €358,370 | -€109,787 | -23.5% |
| Amounts receivable within one year | 40/41 | €5,969,290 | €5,464,735 | -€504,555 | -8.5% |
| Trade receivables | 40 | €3,932,148 | €3,654,734 | -€277,413 | -7.1% |
| Other amounts receivable | 41 | €2,037,142 | €1,810,000 | -€227,142 | -11.2% |
| Cash at bank and in hand | 54/58 | €450,347 | €500,292 | +€49,946 | +11.1% |
| Deferred charges and accrued income | 490/1 | €12,117 | €37,780 | +€25,663 | +211.8% |
| Total equity and liabilities | 10/49 | €6,907,532 | €6,376,387 | -€531,146 | -7.7% |
| Equity | 10/15 | €1,304,432 | €1,677,906 | +€373,473 | +28.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €754,432 | €1,127,906 | +€373,473 | +49.5% |
| Amounts payable | 17/49 | €5,603,100 | €4,698,481 | -€904,619 | -16.1% |
| Amounts payable within one year | 42/48 | €5,535,160 | €4,630,596 | -€904,564 | -16.3% |
| Trade debts | 44 | €3,837,811 | €2,664,627 | -€1.2m | -30.6% |
| Suppliers | 440/4 | €3,837,811 | €2,664,627 | -€1.2m | -30.6% |
| Advances received on contracts in progress | 46 | - | €452 | +€452 | |
| Taxes, remuneration and social security | 45 | €1,022,349 | €1,290,517 | +€268,168 | +26.2% |
| Taxes | 450/3 | €457,177 | €687,625 | +€230,447 | +50.4% |
| Remuneration and social security | 454/9 | €565,172 | €602,892 | +€37,721 | +6.7% |
| Other amounts payable | 47/48 | €675,000 | €675,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €67,940 | €67,885 | -€55 | -0.1% |
| Operating income | 70/76A | €20,270,747 | €21,846,894 | +€1.6m | +7.8% |
| Turnover | 70 | €20,246,672 | €21,817,536 | +€1.6m | +7.8% |
| Other operating income | 74 | €24,076 | €29,358 | +€5,282 | +21.9% |
| Operating charges | 60/66A | €19,514,623 | €20,385,419 | +€870,796 | +4.5% |
| Goods for resale, raw materials and consumables | 60 | €15,540,071 | €16,266,066 | +€725,995 | +4.7% |
| Purchases | 600/8 | €15,625,796 | €16,156,279 | +€530,483 | +3.4% |
| Change in stocks: decrease (increase) | 609 | -€85,725 | €109,787 | +€195,512 | |
| Services and other goods | 61 | €1,232,770 | €1,172,879 | -€59,892 | -4.9% |
| Remuneration, social security and pensions | 62 | €2,704,324 | €2,927,622 | +€223,298 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,264 | €2,688 | +€424 | +18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,960 | - | -€19,960 | |
| Other operating charges | 640/8 | €15,234 | €16,165 | +€930 | +6.1% |
| Operating profit (loss) | 9901 | €756,124 | €1,461,475 | +€705,350 | +93.3% |
| Financial income | 75/76B | €90,822 | €75,026 | -€15,796 | -17.4% |
| Recurring financial income | 75 | €90,822 | €75,026 | -€15,796 | -17.4% |
| Income from current assets | 751 | €84,931 | €73,952 | -€10,979 | -12.9% |
| Other financial income | 752/9 | €5,891 | €1,074 | -€4,817 | -81.8% |
| Financial charges | 65/66B | €50,965 | €53,027 | +€2,062 | +4.0% |
| Recurring financial charges | 65 | €50,965 | €53,027 | +€2,062 | +4.0% |
| Debt charges | 650 | €43,420 | €45,727 | +€2,308 | +5.3% |
| Other financial charges | 652/9 | €7,545 | €7,300 | -€245 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €795,982 | €1,483,473 | +€687,491 | +86.4% |
| Income taxes | 67/77 | €241,903 | €435,000 | +€193,097 | +79.8% |
| Taxes | 670/3 | €241,903 | €435,000 | +€193,097 | +79.8% |
| Profit (loss) for the period | 9904 | €554,079 | €1,048,473 | +€494,394 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €554,079 | €1,048,473 | +€494,394 | +89.2% |
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 11 October 2026 via checked.be.