INSTALLEC: 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.
INSTALLEC
Largest movements
- Stocks and contracts -€74,709
down €74,709 (-75.6%), from €98,756 to €24,047
- Receivables within one year -€73,034
down €73,034 (-60.1%), from €121,446 to €48,412
of which Trade receivables: -€112,351
- Tangible fixed assets +€34,455
up €34,455 (+38.3%), from €89,844 to €124,299
of which Land and buildings: +€40,325
- Cash +€4,968
up €4,968 (+98.8%), from €5,029 to €9,997
mainly Stocks and contracts (+€74,709) and Receivables within one year (+€73,034)
- Profit (loss) carried forward -€31,729
down €31,729 (-53.4%), from €59,414 to €27,685
- Trade debts -€24,394
down €24,394 (-47.7%), from €51,103 to €26,710
- Debts after one year -€23,409
down €23,409 (-41.7%), from €56,129 to €32,720
- Accrued charges and deferred income -€10,238
no longer reported in 2024 (was €10,238)
- Short-term financial debts -€8,000
no longer reported in 2024 (was €8,000)
- Purchases and services -€251,812
no longer reported in 2024 (was €251,812)
- Taxes +€25,380
up €25,380 (+409%), from €6,210 to €31,590
- Gross operating margin -€17,030
down €17,030 (-23.6%), from €72,302 to €55,272
- Depreciation +€4,233
up €4,233 (+37.4%), from €11,323 to €15,556
- Staff costs +€2,024
up €2,024 (+7.1%), from €28,549 to €30,573
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,052 | €207,315 | -€109,736 | -34.6% |
| Fixed assets | 21/28 | €90,404 | €124,858 | +€34,455 | +38.1% |
| Tangible fixed assets | 22/27 | €89,844 | €124,299 | +€34,455 | +38.3% |
| Land and buildings | 22 | €65,278 | €105,603 | +€40,325 | +61.8% |
| Furniture and vehicles | 24 | €23,990 | €18,311 | -€5,678 | -23.7% |
| Other tangible fixed assets | 26 | €576 | €384 | -€192 | -33.3% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €226,648 | €82,457 | -€144,191 | -63.6% |
| Stocks and contracts in progress | 3 | €98,756 | €24,047 | -€74,709 | -75.6% |
| Stocks | 30/36 | €98,756 | €24,047 | -€74,709 | -75.6% |
| Amounts receivable within one year | 40/41 | €121,446 | €48,412 | -€73,034 | -60.1% |
| Trade receivables | 40 | €121,196 | €8,845 | -€112,351 | -92.7% |
| Other amounts receivable | 41 | €250 | €39,567 | +€39,317 | +15,727% |
| Cash at bank and in hand | 54/58 | €5,029 | €9,997 | +€4,968 | +98.8% |
| Deferred charges and accrued income | 490/1 | €1,417 | - | -€1,417 | |
| Total equity and liabilities | 10/49 | €317,052 | €207,315 | -€109,736 | -34.6% |
| Equity | 10/15 | €134,780 | €103,051 | -€31,729 | -23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,166 | €69,166 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,306 | €67,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,414 | €27,685 | -€31,729 | -53.4% |
| Amounts payable | 17/49 | €182,271 | €104,264 | -€78,007 | -42.8% |
| Amounts payable after more than one year | 17 | €56,129 | €32,720 | -€23,409 | -41.7% |
| Financial debts | 170/4 | €56,129 | €32,720 | -€23,409 | -41.7% |
| Amounts payable within one year | 42/48 | €115,904 | €71,544 | -€44,360 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €22,358 | €23,409 | +€1,051 | +4.7% |
| Financial debts | 43 | €8,000 | - | -€8,000 | |
| Credit institutions | 430/8 | €8,000 | - | -€8,000 | |
| Trade debts | 44 | €51,103 | €26,710 | -€24,394 | -47.7% |
| Suppliers | 440/4 | €51,103 | €26,710 | -€24,394 | -47.7% |
| Taxes, remuneration and social security | 45 | €28,973 | €21,425 | -€7,548 | -26.1% |
| Taxes | 450/3 | €27,683 | €19,976 | -€7,706 | -27.8% |
| Remuneration and social security | 454/9 | €1,290 | €1,449 | +€159 | +12.3% |
| Other amounts payable | 47/48 | €5,470 | - | -€5,470 | |
| Accrued charges and deferred income | 492/3 | €10,238 | - | -€10,238 | |
| Goods, raw materials, services and sundry goods | 60/61 | €251,812 | - | -€251,812 | |
| Remuneration, social security and pensions | 62 | €28,549 | €30,573 | +€2,024 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,323 | €15,556 | +€4,233 | +37.4% |
| Other operating charges | 640/8 | €4,420 | €4,619 | +€199 | +4.5% |
| Gross operating margin | 9900 | €72,302 | €55,272 | -€17,030 | -23.6% |
| Operating profit (loss) | 9901 | €28,011 | €4,525 | -€23,487 | -83.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,253 | €4,664 | -€589 | -11.2% |
| Recurring financial charges | 65 | €5,253 | €4,664 | -€589 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €22,759 | -€139 | -€22,899 | |
| Income taxes | 67/77 | €6,210 | €31,590 | +€25,380 | +409% |
| Profit (loss) for the period | 9904 | €16,549 | -€31,729 | -€48,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,549 | -€31,729 | -€48,278 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.