INSTALL.COMPANY: 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
INSTALL.COMPANY
NACE 23.630, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,827
2024 · €45,190-€43,363
Equity
€269,224
2024 · €267,397+€1,827
Cash
€142,639
2024 · €69,265+€73,373
Balance sheet total
€1.7m
2024 · €1.8m-€38,625
Largest movements
Assets
- Receivables within one year -€120,594
down €120,594 (-34.8%), from €346,206 to €225,612
of which Trade receivables: -€111,138
- Cash +€73,373
up €73,373 (+106%), from €69,265 to €142,639
mainly Receivables within one year (+€120,594) and Short-term financial debts (+€5,123)
Equity and liabilities
- Trade debts -€45,078
down €45,078 (-12.7%), from €354,722 to €309,644
Income statement
- Gross operating margin -€53,004
down €53,004 (-13.1%), from €405,251 to €352,247
- Taxes -€13,430
down €13,430 (-66.9%), from €20,070 to €6,640
- Staff costs +€10,594
up €10,594 (+3.8%), from €276,725 to €287,319
- Financial charges -€7,441
down €7,441 (-12.9%), from €57,596 to €50,155
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
€45,190
Gross operating margin
-€53,004
Staff costs
-€10,594
Depreciation
+€388
Other operating charges
-€421
Financial income
-€603
Financial charges
+€7,441
Taxes
+€13,430
Result 2025
€1,827
raises the resultlowers the result
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.
From operations
+€67,772
Investment
€0
Financing
+€5,602
Cash 2024
€69,265
From operations (derived)
+€67,772
Net result for the year
+€1,827
Depreciation
+€3,727
Stocks and contracts
-€14,923
Receivables within one year
+€120,594
Deferred charges and accrued income
+€2,600
Trade debts
-€45,078
Tax, wage and social debts
+€2,643
Other debts
+€199
Accrued charges and deferred income
-€3,817
Financing
+€5,602
Current portion of long-term debt
+€478
Short-term financial debts
+€5,123
Cash 2025
€142,639
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,754,306 | €1,715,680 | -€38,625 | -2.2% |
| Fixed assets | 21/28 | €9,335 | €5,608 | -€3,727 | -39.9% |
| Tangible fixed assets | 22/27 | €9,335 | €5,608 | -€3,727 | -39.9% |
| Plant, machinery and equipment | 23 | €2,405 | €1,611 | -€794 | -33.0% |
| Furniture and vehicles | 24 | €6,930 | €3,997 | -€2,933 | -42.3% |
| Current assets | 29/58 | €1,744,971 | €1,710,073 | -€34,898 | -2.0% |
| Amounts receivable after more than one year | 29 | €25,292 | €25,292 | = | 0.0% |
| Other amounts receivable | 291 | €25,292 | €25,292 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,297,853 | €1,312,776 | +€14,923 | +1.1% |
| Stocks | 30/36 | €83,865 | €81,787 | -€2,077 | -2.5% |
| Contracts in progress | 37 | €1,213,988 | €1,230,988 | +€17,000 | +1.4% |
| Amounts receivable within one year | 40/41 | €346,206 | €225,612 | -€120,594 | -34.8% |
| Trade receivables | 40 | €297,223 | €186,085 | -€111,138 | -37.4% |
| Other amounts receivable | 41 | €48,983 | €39,527 | -€9,456 | -19.3% |
| Cash at bank and in hand | 54/58 | €69,265 | €142,639 | +€73,373 | +106% |
| Deferred charges and accrued income | 490/1 | €6,355 | €3,755 | -€2,600 | -40.9% |
| Total equity and liabilities | 10/49 | €1,754,306 | €1,715,680 | -€38,625 | -2.2% |
| Equity | 10/15 | €267,397 | €269,224 | +€1,827 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,797 | €250,624 | +€1,827 | +0.7% |
| Distributable reserves | 133 | €248,797 | €250,624 | +€1,827 | +0.7% |
| Amounts payable | 17/49 | €1,486,909 | €1,446,457 | -€40,452 | -2.7% |
| Amounts payable after more than one year | 17 | €1,064,212 | €1,064,212 | = | 0.0% |
| Financial debts | 170/4 | €1,064,212 | €1,064,212 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €403,943 | €367,308 | -€36,635 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €18,896 | €19,374 | +€478 | +2.5% |
| Financial debts | 43 | - | €5,123 | +€5,123 | |
| Credit institutions | 430/8 | - | €5,123 | +€5,123 | |
| Trade debts | 44 | €354,722 | €309,644 | -€45,078 | -12.7% |
| Suppliers | 440/4 | €354,722 | €309,644 | -€45,078 | -12.7% |
| Taxes, remuneration and social security | 45 | €30,325 | €32,968 | +€2,643 | +8.7% |
| Taxes | 450/3 | €123 | €1,685 | +€1,562 | +1,265% |
| Remuneration and social security | 454/9 | €30,201 | €31,283 | +€1,081 | +3.6% |
| Other amounts payable | 47/48 | - | €199 | +€199 | |
| Accrued charges and deferred income | 492/3 | €18,754 | €14,937 | -€3,817 | -20.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €276,725 | €287,319 | +€10,594 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,115 | €3,727 | -€388 | -9.4% |
| Other operating charges | 640/8 | €2,250 | €2,670 | +€421 | +18.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €405,251 | €352,247 | -€53,004 | -13.1% |
| Operating profit (loss) | 9901 | €122,161 | €58,530 | -€63,631 | -52.1% |
| Financial income | 75/76B | €695 | €93 | -€603 | -86.7% |
| Recurring financial income | 75 | €695 | €93 | -€603 | -86.7% |
| Financial charges | 65/66B | €57,596 | €50,155 | -€7,441 | -12.9% |
| Recurring financial charges | 65 | €57,596 | €50,155 | -€7,441 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €65,260 | €8,467 | -€56,793 | -87.0% |
| Income taxes | 67/77 | €20,070 | €6,640 | -€13,430 | -66.9% |
| Profit (loss) for the period | 9904 | €45,190 | €1,827 | -€43,363 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,190 | €1,827 | -€43,363 | -96.0% |
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 27 October 2026 via checked.be.