Industrial Maintenance: 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.
Industrial Maintenance
Largest movements
- Tangible fixed assets -€19,234
down €19,234 (-7.7%), from €249,142 to €229,908
of which Land and buildings: -€20,510
- Receivables within one year -€17,405
down €17,405 (-12.0%), from €144,532 to €127,127
of which Other amounts receivable: -€8,762
- Cash -€13,018
down €13,018 (-21.8%), from €59,735 to €46,717
mainly Net result for the year (-€59,289) and Tax, wage and social debts (-€17,566)
- Profit (loss) carried forward -€59,289
down €59,289 (-30.3%), from €195,783 to €136,494
- Trade debts +€26,580
up €26,580 (+1,760%), from €1,510 to €28,090
- Tax, wage and social debts -€17,566
down €17,566 (-42.5%), from €41,350 to €23,783
of which Taxes: -€28,630
- Debts after one year -€10,307
down €10,307 (-5.3%), from €194,934 to €184,627
- Current portion of long-term debt +€10,040
up €10,040 (+3,757%), from €267 to €10,307
- Gross operating margin -€74,167
down €74,167, from €44,643 to -€29,524
- Financial charges -€7,230
down €7,230 (-62.4%), from €11,592 to €4,362
- Depreciation -€3,921
down €3,921 (-15.6%), from €25,127 to €21,206
- Taxes -€3,081
down €3,081 (-95.6%), from €3,222 to €141
- Staff costs -€1,004
no longer reported in 2025 (was €1,004)
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.
Derived cash bridge
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 | €455,173 | €403,753 | -€51,420 | -11.3% |
| Fixed assets | 21/28 | €249,142 | €229,908 | -€19,234 | -7.7% |
| Tangible fixed assets | 22/27 | €249,142 | €229,908 | -€19,234 | -7.7% |
| Land and buildings | 22 | €246,343 | €225,833 | -€20,510 | -8.3% |
| Plant, machinery and equipment | 23 | €75 | - | -€75 | |
| Furniture and vehicles | 24 | €2,598 | €4,075 | +€1,478 | +56.9% |
| Leasing and similar rights | 25 | €126 | - | -€126 | |
| Current assets | 29/58 | €206,031 | €173,844 | -€32,187 | -15.6% |
| Amounts receivable within one year | 40/41 | €144,532 | €127,127 | -€17,405 | -12.0% |
| Trade receivables | 40 | €82,471 | €73,829 | -€8,642 | -10.5% |
| Other amounts receivable | 41 | €62,061 | €53,298 | -€8,762 | -14.1% |
| Current investments | 50/53 | €47 | - | -€47 | |
| Cash at bank and in hand | 54/58 | €59,735 | €46,717 | -€13,018 | -21.8% |
| Deferred charges and accrued income | 490/1 | €1,717 | - | -€1,717 | |
| Total equity and liabilities | 10/49 | €455,173 | €403,753 | -€51,420 | -11.3% |
| Equity | 10/15 | €216,234 | €156,945 | -€59,289 | -27.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,783 | €136,494 | -€59,289 | -30.3% |
| Amounts payable | 17/49 | €238,939 | €246,808 | +€7,869 | +3.3% |
| Amounts payable after more than one year | 17 | €194,934 | €184,627 | -€10,307 | -5.3% |
| Financial debts | 170/4 | €194,934 | €184,627 | -€10,307 | -5.3% |
| Amounts payable within one year | 42/48 | €44,004 | €62,180 | +€18,176 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €267 | €10,307 | +€10,040 | +3,757% |
| Financial debts | 43 | €877 | - | -€877 | |
| Credit institutions | 430/8 | €877 | - | -€877 | |
| Trade debts | 44 | €1,510 | €28,090 | +€26,580 | +1,760% |
| Suppliers | 440/4 | €1,510 | €28,090 | +€26,580 | +1,760% |
| Taxes, remuneration and social security | 45 | €41,350 | €23,783 | -€17,566 | -42.5% |
| Taxes | 450/3 | €35,963 | €7,333 | -€28,630 | -79.6% |
| Remuneration and social security | 454/9 | €5,387 | €16,450 | +€11,064 | +205% |
| Non-recurring operating income | 76A | - | €874 | +€874 | |
| Remuneration, social security and pensions | 62 | €1,004 | - | -€1,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,127 | €21,206 | -€3,921 | -15.6% |
| Other operating charges | 640/8 | €4,081 | €4,164 | +€83 | +2.0% |
| Gross operating margin | 9900 | €44,643 | -€29,524 | -€74,167 | |
| Operating profit (loss) | 9901 | €14,431 | -€54,894 | -€69,325 | |
| Financial income | 75/76B | €20 | €108 | +€88 | +440% |
| Recurring financial income | 75 | €20 | €108 | +€88 | +440% |
| Financial charges | 65/66B | €11,592 | €4,362 | -€7,230 | -62.4% |
| Recurring financial charges | 65 | €11,592 | €4,362 | -€7,230 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €2,859 | -€59,148 | -€62,007 | |
| Income taxes | 67/77 | €3,222 | €141 | -€3,081 | -95.6% |
| Profit (loss) for the period | 9904 | -€363 | -€59,289 | -€58,926 | -16,232% |
| Profit (loss) for the period to be appropriated | 9905 | -€363 | -€59,289 | -€58,926 | -16,232% |
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 31 October 2026 via checked.be.