MAINTAIN ELEKTRO: what changed
What changed
MAINTAIN ELEKTRO
NACE 42.220, Construction of utility projects for electricity and telecommunications
filed annual accounts (NBB)
Net result for the year
-€22,922
2024 · €51,066-€73,989
Equity
€133,723
2024 · €156,645-€22,922
Cash
€336,490
2024 · €299,777+€36,713
Balance sheet total
€1.1m
2024 · €973,977+€162,949
Largest movements
Assets
- Stocks and contracts +€123,030
up €123,030 (+236%), from €52,050 to €175,080
of which Contracts in progress: +€93,030
- Receivables within one year -€94,394
down €94,394 (-19.4%), from €486,650 to €392,256
of which Trade receivables: -€327,129
- Tangible fixed assets +€86,930
up €86,930 (+65.4%), from €132,890 to €219,821
of which Leasing and similar rights: +€53,033
- Cash +€36,713
up €36,713 (+12.2%), from €299,777 to €336,490
mainly Tax, wage and social debts (+€281,013) and Receivables within one year (+€94,394)
Equity and liabilities
- Tax, wage and social debts +€281,013
up €281,013 (+426%), from €65,931 to €346,944
of which Taxes: +€260,449
- Trade debts -€130,106
down €130,106 (-33.2%), from €391,922 to €261,815
- Debts after one year +€23,736
up €23,736 (+13.9%), from €170,494 to €194,230
- Profit (loss) carried forward -€22,922
down €22,922 (-12.3%), from -€186,364 to -€209,286
Income statement
- Staff costs +€237,729
up €237,729 (+47.5%), from €500,621 to €738,349
- Gross operating margin +€175,124
up €175,124 (+28.1%), from €622,465 to €797,589
- Depreciation +€14,705
up €14,705 (+46.0%), from €31,933 to €46,638
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
€51,066
Gross operating margin
+€175,124
Staff costs
-€237,729
Depreciation
-€14,705
Other operating charges
-€3,163
Financial income
+€3,721
Financial charges
+€2,738
Taxes
+€25
Result 2025
-€22,922
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
+€142,431
Investment
-€140,683
Financing
+€34,965
Cash 2024
€299,777
From operations (derived)
+€142,431
Net result for the year
-€22,922
Depreciation
+€46,638
Stocks and contracts
-€123,030
Receivables within one year
+€94,394
Deferred charges and accrued income
-€3,556
Trade debts
-€130,106
Tax, wage and social debts
+€281,013
Investment (derived)
-€140,683
Investment in fixed assets (net)
-€140,683
Financing
+€34,965
Debts after one year
+€23,736
Current portion of long-term debt
+€11,229
Cash 2025
€336,490
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €973,977 | €1,136,926 | +€162,949 | +16.7% |
| Fixed assets | 21/28 | €133,540 | €227,585 | +€94,045 | +70.4% |
| Intangible fixed assets | 21 | - | €6,915 | +€6,915 | |
| Tangible fixed assets | 22/27 | €132,890 | €219,821 | +€86,930 | +65.4% |
| Plant, machinery and equipment | 23 | €9,613 | €7,572 | -€2,041 | -21.2% |
| Furniture and vehicles | 24 | €91,827 | €88,403 | -€3,424 | -3.7% |
| Leasing and similar rights | 25 | €29,912 | €82,945 | +€53,033 | +177% |
| Other tangible fixed assets | 26 | €1,539 | €40,901 | +€39,363 | +2,558% |
| Financial fixed assets | 28 | €650 | €850 | +€200 | +30.8% |
| Current assets | 29/58 | €840,437 | €909,341 | +€68,904 | +8.2% |
| Stocks and contracts in progress | 3 | €52,050 | €175,080 | +€123,030 | +236% |
| Stocks | 30/36 | €34,420 | €64,420 | +€30,000 | +87.2% |
| Contracts in progress | 37 | €17,630 | €110,660 | +€93,030 | +528% |
| Amounts receivable within one year | 40/41 | €486,650 | €392,256 | -€94,394 | -19.4% |
| Trade receivables | 40 | €413,392 | €86,263 | -€327,129 | -79.1% |
| Other amounts receivable | 41 | €73,258 | €305,993 | +€232,735 | +318% |
| Cash at bank and in hand | 54/58 | €299,777 | €336,490 | +€36,713 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,959 | €5,515 | +€3,556 | +181% |
| Total equity and liabilities | 10/49 | €973,977 | €1,136,926 | +€162,949 | +16.7% |
| Equity | 10/15 | €156,645 | €133,723 | -€22,922 | -14.6% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €33,009 | €33,009 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,009 | €33,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,364 | -€209,286 | -€22,922 | -12.3% |
| Amounts payable | 17/49 | €817,332 | €1,003,203 | +€185,871 | +22.7% |
| Amounts payable after more than one year | 17 | €170,494 | €194,230 | +€23,736 | +13.9% |
| Financial debts | 170/4 | €170,494 | €194,230 | +€23,736 | +13.9% |
| Amounts payable within one year | 42/48 | €646,838 | €808,974 | +€162,136 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €25,515 | €36,745 | +€11,229 | +44.0% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €391,922 | €261,815 | -€130,106 | -33.2% |
| Suppliers | 440/4 | €391,922 | €261,815 | -€130,106 | -33.2% |
| Taxes, remuneration and social security | 45 | €65,931 | €346,944 | +€281,013 | +426% |
| Taxes | 450/3 | €627 | €261,075 | +€260,449 | +41,555% |
| Remuneration and social security | 454/9 | €65,304 | €85,868 | +€20,564 | +31.5% |
| Other amounts payable | 47/48 | €88,470 | €88,470 | = | 0.0% |
| Non-recurring operating income | 76A | - | €24,195 | +€24,195 | |
| Remuneration, social security and pensions | 62 | €500,621 | €738,349 | +€237,729 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,933 | €46,638 | +€14,705 | +46.0% |
| Other operating charges | 640/8 | €3,025 | €6,188 | +€3,163 | +105% |
| Gross operating margin | 9900 | €622,465 | €797,589 | +€175,124 | +28.1% |
| Operating profit (loss) | 9901 | €86,886 | €6,414 | -€80,472 | -92.6% |
| Financial income | 75/76B | €1,078 | €4,799 | +€3,721 | +345% |
| Recurring financial income | 75 | €1,078 | €4,799 | +€3,721 | +345% |
| Financial charges | 65/66B | €36,612 | €33,875 | -€2,738 | -7.5% |
| Recurring financial charges | 65 | €36,612 | €33,875 | -€2,738 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €51,352 | -€22,662 | -€74,014 | |
| Income taxes | 67/77 | €286 | €261 | -€25 | -8.7% |
| Profit (loss) for the period | 9904 | €51,066 | -€22,922 | -€73,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,066 | -€22,922 | -€73,989 |
Next steps
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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 2 November 2026 via checked.be.