MANELEC: what changed
What changed
MANELEC
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€27,697
2024 · -€23,666-€4,030
Equity
-€63,290
2024 · -€35,594-€27,697
Cash
€407
2024 · €0+€407
Balance sheet total
€66,220
2024 · €79,219-€12,999
Largest movements
Assets
- Tangible fixed assets -€7,808
down €7,808 (-11.1%), from €70,619 to €62,812
- Deferred charges and accrued income -€5,559
down €5,559 (-100%), from €5,559 to €0
Equity and liabilities
- Other debts +€42,976
up €42,976 (+73.9%), from €58,125 to €101,102
- Profit (loss) carried forward -€27,697
down €27,697 (-25.1%), from -€110,475 to -€138,171
- Debts after one year -€13,102
down €13,102 (-56.0%), from €23,378 to €10,275
- Short-term financial debts -€8,939
down €8,939 (-100%), from €8,939 to €0
- Trade debts -€6,955
down €6,955 (-69.9%), from €9,956 to €3,001
Income statement
- Gross operating margin -€4,336
down €4,336 (-74.4%), from -€5,832 to -€10,168
- Taxes +€1,104
up €1,104 (+426%), from €259 to €1,363
- Write-downs -€858
down €858 (-100%), from €858 to €0
- Other operating charges -€427
down €427 (-7.9%), from €5,410 to €4,983
- Financial charges -€284
down €284 (-8.2%), from €3,460 to €3,176
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
-€23,666
Gross operating margin
-€4,336
Write-downs
+€858
Other operating charges
+€427
Financial income
-€159
Financial charges
+€284
Taxes
-€1,104
Result 2025
-€27,697
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
+€22,962
Investment
€0
Financing
-€22,555
Cash 2024
€0
From operations (derived)
+€22,962
Net result for the year
-€27,697
Depreciation
+€8,008
Receivables within one year
-€160
Deferred charges and accrued income
+€5,559
Trade debts
-€6,955
Tax, wage and social debts
+€1,157
Other debts
+€42,976
Accrued charges and deferred income
+€74
Financing
-€22,555
Debts after one year
-€13,102
Current portion of long-term debt
-€514
Short-term financial debts
-€8,939
Cash 2025
€407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,219 | €66,220 | -€12,999 | -16.4% |
| Fixed assets | 21/28 | €71,219 | €63,212 | -€8,008 | -11.2% |
| Intangible fixed assets | 21 | €600 | €400 | -€200 | -33.3% |
| Tangible fixed assets | 22/27 | €70,619 | €62,812 | -€7,808 | -11.1% |
| Land and buildings | 22 | €70,619 | €62,812 | -€7,808 | -11.1% |
| Current assets | 29/58 | €8,000 | €3,008 | -€4,992 | -62.4% |
| Amounts receivable within one year | 40/41 | €2,441 | €2,601 | +€160 | +6.6% |
| Trade receivables | 40 | €2,299 | €2,601 | +€303 | +13.2% |
| Other amounts receivable | 41 | €142 | €0 | -€142 | -100% |
| Cash at bank and in hand | 54/58 | €0 | €407 | +€407 | |
| Deferred charges and accrued income | 490/1 | €5,559 | €0 | -€5,559 | -100% |
| Total equity and liabilities | 10/49 | €79,219 | €66,220 | -€12,999 | -16.4% |
| Equity | 10/15 | -€35,594 | -€63,290 | -€27,697 | -77.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €56,289 | €56,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €54,430 | €54,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,475 | -€138,171 | -€27,697 | -25.1% |
| Amounts payable | 17/49 | €114,813 | €129,510 | +€14,697 | +12.8% |
| Amounts payable after more than one year | 17 | €23,378 | €10,275 | -€13,102 | -56.0% |
| Financial debts | 170/4 | €23,378 | €10,275 | -€13,102 | -56.0% |
| Amounts payable within one year | 42/48 | €91,435 | €119,160 | +€27,725 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €13,617 | €13,102 | -€514 | -3.8% |
| Financial debts | 43 | €8,939 | €0 | -€8,939 | -100% |
| Credit institutions | 430/8 | €8,939 | €0 | -€8,939 | -100% |
| Trade debts | 44 | €9,956 | €3,001 | -€6,955 | -69.9% |
| Suppliers | 440/4 | €9,956 | €3,001 | -€6,955 | -69.9% |
| Taxes, remuneration and social security | 45 | €798 | €1,955 | +€1,157 | +145% |
| Taxes | 450/3 | €798 | €1,955 | +€1,157 | +145% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €58,125 | €101,102 | +€42,976 | +73.9% |
| Accrued charges and deferred income | 492/3 | - | €74 | +€74 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,008 | €8,008 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €858 | €0 | -€858 | -100% |
| Other operating charges | 640/8 | €5,410 | €4,983 | -€427 | -7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€5,832 | -€10,168 | -€4,336 | -74.4% |
| Operating profit (loss) | 9901 | -€20,107 | -€23,158 | -€3,051 | -15.2% |
| Financial income | 75/76B | €160 | €1 | -€159 | -99.4% |
| Recurring financial income | 75 | €160 | €1 | -€159 | -99.4% |
| Financial charges | 65/66B | €3,460 | €3,176 | -€284 | -8.2% |
| Recurring financial charges | 65 | €3,460 | €3,176 | -€284 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,407 | -€26,333 | -€2,926 | -12.5% |
| Income taxes | 67/77 | €259 | €1,363 | +€1,104 | +426% |
| Profit (loss) for the period | 9904 | -€23,666 | -€27,697 | -€4,030 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,666 | -€27,697 | -€4,030 | -17.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.