INSTALLATIONS ET MAINTENANCE ELECTRIQUES: 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.
INSTALLATIONS ET MAINTENANCE ELECTRIQUES
Largest movements
- Tangible fixed assets -€123,309
down €123,309 (-96.1%), from €128,324 to €5,015
of which Leasing and similar rights: -€119,880
- Receivables within one year -€122,419
down €122,419 (-45.2%), from €270,838 to €148,419
of which Trade receivables: -€66,303
- Cash +€49,913
up €49,913 (+84.2%), from €59,253 to €109,165
mainly Receivables within one year (+€122,419) and Investment in fixed assets (net) (+€119,880)
- Stocks and contracts -€39,295
down €39,295 (-74.3%), from €52,899 to €13,604
- Debts after one year -€127,624
down €127,624 (-88.9%), from €143,530 to €15,906
- Trade debts -€76,586
down €76,586 (-43.2%), from €177,097 to €100,511
- Current portion of long-term debt -€21,582
down €21,582 (-41.0%), from €52,631 to €31,049
- Tax, wage and social debts -€16,601
down €16,601 (-29.5%), from €56,264 to €39,663
of which Remuneration and social security: -€16,995
- Profit (loss) carried forward +€7,017
up €7,017 (+11.8%), from -€59,662 to -€52,644
- Gross operating margin -€145,020
down €145,020 (-30.6%), from €473,180 to €328,160
- Staff costs -€80,799
down €80,799 (-22.0%), from €367,235 to €286,436
- Depreciation -€57,588
down €57,588 (-94.4%), from €61,017 to €3,429
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 | €610,568 | €372,002 | -€238,565 | -39.1% |
| Fixed assets | 21/28 | €128,529 | €5,220 | -€123,309 | -95.9% |
| Tangible fixed assets | 22/27 | €128,324 | €5,015 | -€123,309 | -96.1% |
| Plant, machinery and equipment | 23 | €3,082 | €2,093 | -€989 | -32.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €119,880 | €0 | -€119,880 | -100% |
| Other tangible fixed assets | 26 | €5,361 | €2,921 | -€2,440 | -45.5% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €482,039 | €366,783 | -€115,256 | -23.9% |
| Stocks and contracts in progress | 3 | €52,899 | €13,604 | -€39,295 | -74.3% |
| Stocks | 30/36 | €52,899 | €13,604 | -€39,295 | -74.3% |
| Amounts receivable within one year | 40/41 | €270,838 | €148,419 | -€122,419 | -45.2% |
| Trade receivables | 40 | €199,453 | €133,150 | -€66,303 | -33.2% |
| Other amounts receivable | 41 | €71,385 | €15,269 | -€56,116 | -78.6% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,253 | €109,165 | +€49,913 | +84.2% |
| Deferred charges and accrued income | 490/1 | €19,049 | €15,594 | -€3,455 | -18.1% |
| Total equity and liabilities | 10/49 | €610,568 | €372,002 | -€238,565 | -39.1% |
| Equity | 10/15 | €56,045 | €59,873 | +€3,828 | +6.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €43,761 | €43,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,761 | €43,761 | = | 0.0% |
| Legal reserve | 130 | €3,761 | €3,761 | = | 0.0% |
| Own shares acquired | 1312 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,662 | -€52,644 | +€7,017 | +11.8% |
| Investment grants | 15 | €6,946 | €3,757 | -€3,189 | -45.9% |
| Amounts payable | 17/49 | €554,522 | €312,129 | -€242,393 | -43.7% |
| Amounts payable after more than one year | 17 | €143,530 | €15,906 | -€127,624 | -88.9% |
| Financial debts | 170/4 | €143,530 | €15,906 | -€127,624 | -88.9% |
| Amounts payable within one year | 42/48 | €410,992 | €296,223 | -€114,770 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €52,631 | €31,049 | -€21,582 | -41.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €177,097 | €100,511 | -€76,586 | -43.2% |
| Suppliers | 440/4 | €177,097 | €100,511 | -€76,586 | -43.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €56,264 | €39,663 | -€16,601 | -29.5% |
| Taxes | 450/3 | €21,239 | €21,633 | +€394 | +1.9% |
| Remuneration and social security | 454/9 | €35,025 | €18,030 | -€16,995 | -48.5% |
| Non-recurring operating income | 76A | €4,558 | €0 | -€4,558 | -100% |
| Remuneration, social security and pensions | 62 | €367,235 | €286,436 | -€80,799 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,017 | €3,429 | -€57,588 | -94.4% |
| Other operating charges | 640/8 | €5,101 | €5,117 | +€16 | +0.3% |
| Non-recurring operating charges | 66A | €1,417 | €5,071 | +€3,653 | +258% |
| Gross operating margin | 9900 | €473,180 | €328,160 | -€145,020 | -30.6% |
| Operating profit (loss) | 9901 | €38,410 | €28,108 | -€10,302 | -26.8% |
| Financial income | 75/76B | €6,879 | €3,670 | -€3,209 | -46.7% |
| Recurring financial income | 75 | €6,879 | €3,670 | -€3,209 | -46.7% |
| Financial charges | 65/66B | €23,486 | €18,796 | -€4,690 | -20.0% |
| Recurring financial charges | 65 | €23,486 | €18,796 | -€4,690 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €21,802 | €12,981 | -€8,821 | -40.5% |
| Income taxes | 67/77 | €9,029 | €5,964 | -€3,065 | -33.9% |
| Profit (loss) for the period | 9904 | €12,773 | €7,017 | -€5,756 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,773 | €7,017 | -€5,756 | -45.1% |
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 20 October 2026 via checked.be.