LECTRO: what changed
What changed
LECTRO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€27,655
2024 · €67,255-€39,600
Equity
€481,463
2024 · €453,808+€27,655
Cash
€317,510
2024 · €242,813+€74,697
Balance sheet total
€810,070
2024 · €879,314-€69,243
Largest movements
Assets
- Receivables within one year -€149,366
down €149,366 (-76.9%), from €194,191 to €44,825
of which Trade receivables: -€135,745
- Cash +€74,697
up €74,697 (+30.8%), from €242,813 to €317,510
mainly Receivables within one year (+€149,366) and Net result for the year (+€27,655)
Equity and liabilities
- Trade debts -€44,544
down €44,544 (-62.8%), from €70,916 to €26,372
- Other debts -€37,500
down €37,500 (-100%), from €37,500 to €0
- Profit (loss) carried forward +€27,655
up €27,655 (+6.4%), from €433,348 to €461,003
- Debts after one year -€15,680
down €15,680 (-5.2%), from €298,809 to €283,128
Income statement
- Gross operating margin -€130,747
down €130,747 (-49.8%), from €262,541 to €131,794
- Write-downs -€89,089
down €89,089 (-94.1%), from €94,681 to €5,592
- Taxes -€10,043
down €10,043 (-50.7%), from €19,822 to €9,779
- Depreciation +€3,739
up €3,739 (+16.0%), from €23,435 to €27,174
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€67,255
Gross operating margin
-€130,747
Staff costs
-€2,570
Depreciation
-€3,739
Write-downs
+€89,089
Other operating charges
-€1,149
Financial income
-€719
Financial charges
+€193
Taxes
+€10,043
Result 2025
€27,655
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€116,083
Investment
-€26,412
Financing
-€14,974
Cash 2024
€242,813
From operations (derived)
+€116,083
Net result for the year
+€27,655
Depreciation
+€27,174
Stocks and contracts
-€4,296
Receivables within one year
+€149,366
Deferred charges and accrued income
-€1,891
Trade debts
-€44,544
Tax, wage and social debts
+€120
Other debts
-€37,500
Investment (derived)
-€26,412
Investment in fixed assets (net)
-€26,412
Financing
-€14,974
Debts after one year
-€15,680
Current portion of long-term debt
+€706
Cash 2025
€317,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,314 | €810,070 | -€69,243 | -7.9% |
| Fixed assets | 21/28 | €421,839 | €421,078 | -€762 | -0.2% |
| Tangible fixed assets | 22/27 | €420,639 | €421,078 | +€438 | +0.1% |
| Land and buildings | 22 | €391,694 | €394,022 | +€2,328 | +0.6% |
| Plant, machinery and equipment | 23 | €6,749 | €6,314 | -€435 | -6.4% |
| Furniture and vehicles | 24 | €17,328 | €17,232 | -€96 | -0.6% |
| Other tangible fixed assets | 26 | €4,869 | €3,509 | -€1,359 | -27.9% |
| Financial fixed assets | 28 | €1,200 | €0 | -€1,200 | -100% |
| Current assets | 29/58 | €457,474 | €388,993 | -€68,482 | -15.0% |
| Stocks and contracts in progress | 3 | €2,174 | €6,470 | +€4,296 | +198% |
| Stocks | 30/36 | €2,174 | €6,470 | +€4,296 | +198% |
| Amounts receivable within one year | 40/41 | €194,191 | €44,825 | -€149,366 | -76.9% |
| Trade receivables | 40 | €159,992 | €24,247 | -€135,745 | -84.8% |
| Other amounts receivable | 41 | €34,198 | €20,578 | -€13,621 | -39.8% |
| Cash at bank and in hand | 54/58 | €242,813 | €317,510 | +€74,697 | +30.8% |
| Deferred charges and accrued income | 490/1 | €18,296 | €20,187 | +€1,891 | +10.3% |
| Total equity and liabilities | 10/49 | €879,314 | €810,070 | -€69,243 | -7.9% |
| Equity | 10/15 | €453,808 | €481,463 | +€27,655 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €433,348 | €461,003 | +€27,655 | +6.4% |
| Amounts payable | 17/49 | €425,505 | €328,607 | -€96,898 | -22.8% |
| Amounts payable after more than one year | 17 | €298,809 | €283,128 | -€15,680 | -5.2% |
| Financial debts | 170/4 | €298,809 | €283,128 | -€15,680 | -5.2% |
| Amounts payable within one year | 42/48 | €126,697 | €45,478 | -€81,218 | -64.1% |
| Current portion of amounts payable after more than one year | 42 | €14,974 | €15,680 | +€706 | +4.7% |
| Trade debts | 44 | €70,916 | €26,372 | -€44,544 | -62.8% |
| Suppliers | 440/4 | €70,916 | €26,372 | -€44,544 | -62.8% |
| Taxes, remuneration and social security | 45 | €3,306 | €3,426 | +€120 | +3.6% |
| Remuneration and social security | 454/9 | €3,306 | €3,426 | +€120 | +3.6% |
| Other amounts payable | 47/48 | €37,500 | €0 | -€37,500 | -100% |
| Non-recurring operating income | 76A | €280 | €0 | -€280 | -100% |
| Remuneration, social security and pensions | 62 | €44,360 | €46,931 | +€2,570 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,435 | €27,174 | +€3,739 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €94,681 | €5,592 | -€89,089 | -94.1% |
| Other operating charges | 640/8 | €2,248 | €3,397 | +€1,149 | +51.1% |
| Gross operating margin | 9900 | €262,541 | €131,794 | -€130,747 | -49.8% |
| Operating profit (loss) | 9901 | €97,817 | €48,701 | -€49,116 | -50.2% |
| Financial income | 75/76B | €4,175 | €3,456 | -€719 | -17.2% |
| Recurring financial income | 75 | €4,175 | €3,456 | -€719 | -17.2% |
| Financial charges | 65/66B | €14,916 | €14,722 | -€193 | -1.3% |
| Recurring financial charges | 65 | €14,916 | €14,722 | -€193 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €87,076 | €37,434 | -€49,642 | -57.0% |
| Income taxes | 67/77 | €19,822 | €9,779 | -€10,043 | -50.7% |
| Profit (loss) for the period | 9904 | €67,255 | €27,655 | -€39,600 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,255 | €27,655 | -€39,600 | -58.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.