Relaitron: what changed
Two fiscal 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.
What changed
Relaitron
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,262
2024 · €300,778-€245,516
Equity
€1.3m
2024 · €1.3m+€262
Cash
€1.6m
2024 · €1.3m+€310,724
Balance sheet total
€5.9m
2024 · €7.0m-€1.0m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-29.4%), from €4.9m to €3.4m
of which Trade receivables: -€1.3m
- Cash +€310,724
up €310,724 (+24.5%), from €1.3m to €1.6m
mainly Receivables within one year (+€1.4m) and Tax, wage and social debts (+€197,899)
Equity and liabilities
- Accrued charges and deferred income -€559,874
down €559,874 (-34.1%), from €1.6m to €1.1m
- Trade debts -€379,431
down €379,431 (-17.4%), from €2.2m to €1.8m
- Other debts -€245,000
down €245,000 (-81.7%), from €300,000 to €55,000
- Tax, wage and social debts +€197,899
up €197,899 (+16.9%), from €1.2m to €1.4m
of which Remuneration and social security: +€204,513
Income statement
- Turnover +€1.9m
up €1.9m (+12.5%), from €15.1m to €17.0m
- Staff costs +€1.0m
up €1.0m (+15.6%), from €6.7m to €7.7m
- Goods and materials +€511,497
up €511,497 (+9.8%), from €5.2m to €5.7m
- Services and other goods +€229,351
up €229,351 (+6.7%), from €3.4m to €3.7m
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.
Result 2024
€300,778
Turnover
+€1.9m
Other operating income
-€44,696
Goods and materials
-€511,497
Services and other goods
-€229,351
Staff costs
-€1.0m
Depreciation
-€2,180
Write-downs
-€91,417
Provisions
+€40,713
Other operating charges
-€23,866
Other operating items
-€155,421
Financial income
-€55,430
Financial charges
-€3,824
Taxes
-€19,001
Result 2025
€55,262
Cash bridge derived
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.
From operations
+€409,879
Investment
-€44,155
Financing
-€55,000
Cash 2024
€1.3m
From operations (derived)
+€409,879
Net result for the year
+€55,262
Depreciation
+€9,770
Stocks and contracts
-€3,743
Receivables within one year
+€1.4m
Deferred charges and accrued income
-€42,657
Provisions
-€39,161
Trade debts
-€379,431
Tax, wage and social debts
+€197,899
Advances received
-€15,104
Other debts
-€245,000
Accrued charges and deferred income
-€559,874
Investment (derived)
-€44,155
Investment in fixed assets (net)
-€44,155
Financing
-€55,000
Contributions, distributions and other
-€55,000
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,987,924 | €5,947,514 | -€1.0m | -14.9% |
| Fixed assets | 21/28 | €70,079 | €104,464 | +€34,385 | +49.1% |
| Tangible fixed assets | 22/27 | €70,079 | €104,464 | +€34,385 | +49.1% |
| Plant, machinery and equipment | 23 | €3,729 | €0 | -€3,729 | -100.0% |
| Furniture and vehicles | 24 | €371 | €38,485 | +€38,114 | +10263.0% |
| Assets under construction and advance payments | 27 | €65,979 | €65,979 | = | 0.0% |
| Current assets | 29/58 | €6,917,845 | €5,843,051 | -€1.1m | -15.5% |
| Stocks and contracts in progress | 3 | €761,155 | €764,898 | +€3,743 | +0.5% |
| Contracts in progress | 37 | €761,155 | €764,898 | +€3,743 | +0.5% |
| Amounts receivable within one year | 40/41 | €4,875,118 | €3,443,200 | -€1.4m | -29.4% |
| Trade receivables | 40 | €4,711,822 | €3,440,945 | -€1.3m | -27.0% |
| Other amounts receivable | 41 | €163,295 | €2,255 | -€161,041 | -98.6% |
| Cash at bank and in hand | 54/58 | €1,266,426 | €1,577,150 | +€310,724 | +24.5% |
| Deferred charges and accrued income | 490/1 | €15,146 | €57,803 | +€42,657 | +281.6% |
| Total equity and liabilities | 10/49 | €6,987,924 | €5,947,514 | -€1.0m | -14.9% |
| Equity | 10/15 | €1,318,179 | €1,318,441 | +€262 | 0.0% |
| Contributions | 10/11 | €261,637 | €261,637 | = | 0.0% |
| Capital | 10 | €261,637 | €261,637 | = | 0.0% |
| Issued capital | 100 | €261,637 | €261,637 | = | 0.0% |
| Reserves | 13 | €26,165 | €26,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,165 | €26,165 | = | 0.0% |
| Legal reserve | 130 | €26,165 | €26,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,030,377 | €1,030,639 | +€262 | 0.0% |
| Provisions and deferred taxes | 16 | €272,180 | €233,019 | -€39,161 | -14.4% |
| Provisions for liabilities and charges | 160/5 | €272,180 | €233,019 | -€39,161 | -14.4% |
| Other liabilities and charges | 164/5 | €272,180 | €233,019 | -€39,161 | -14.4% |
| Amounts payable | 17/49 | €5,397,566 | €4,396,055 | -€1.0m | -18.6% |
| Amounts payable within one year | 42/48 | €3,757,410 | €3,315,774 | -€441,636 | -11.8% |
| Trade debts | 44 | €2,184,985 | €1,805,554 | -€379,431 | -17.4% |
| Suppliers | 440/4 | €2,184,985 | €1,805,554 | -€379,431 | -17.4% |
| Advances received on contracts in progress | 46 | €101,058 | €85,954 | -€15,104 | -14.9% |
| Taxes, remuneration and social security | 45 | €1,171,367 | €1,369,265 | +€197,899 | +16.9% |
| Taxes | 450/3 | €290,227 | €283,613 | -€6,614 | -2.3% |
| Remuneration and social security | 454/9 | €881,139 | €1,085,652 | +€204,513 | +23.2% |
| Other amounts payable | 47/48 | €300,000 | €55,000 | -€245,000 | -81.7% |
| Accrued charges and deferred income | 492/3 | €1,640,156 | €1,080,282 | -€559,874 | -34.1% |
| Operating income | 70/76A | €15,735,702 | €17,434,758 | +€1.7m | +10.8% |
| Turnover | 70 | €15,103,869 | €16,999,326 | +€1.9m | +12.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €272,557 | €120,851 | -€151,706 | -55.7% |
| Other operating income | 74 | €359,276 | €314,581 | -€44,696 | -12.4% |
| Operating charges | 60/66A | €15,378,614 | €17,244,930 | +€1.9m | +12.1% |
| Goods for resale, raw materials and consumables | 60 | €5,211,667 | €5,723,163 | +€511,497 | +9.8% |
| Purchases | 600/8 | €5,211,667 | €5,723,163 | +€511,497 | +9.8% |
| Services and other goods | 61 | €3,440,138 | €3,669,488 | +€229,351 | +6.7% |
| Remuneration, social security and pensions | 62 | €6,686,241 | €7,731,243 | +€1.0m | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,591 | €9,770 | +€2,180 | +28.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,578 | €121,995 | +€91,417 | +299.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,552 | -€39,161 | -€40,713 | |
| Other operating charges | 640/8 | €321 | €24,187 | +€23,866 | +7446.4% |
| Non-recurring operating charges | 66A | €528 | €4,243 | +€3,715 | +704.3% |
| Operating profit (loss) | 9901 | €357,088 | €189,828 | -€167,260 | -46.8% |
| Financial income | 75/76B | €69,747 | €14,317 | -€55,430 | -79.5% |
| Recurring financial income | 75 | €69,747 | €14,317 | -€55,430 | -79.5% |
| Income from financial fixed assets | 750 | €7,314 | €0 | -€7,314 | -100.0% |
| Income from current assets | 751 | €62,029 | €12,479 | -€49,550 | -79.9% |
| Other financial income | 752/9 | €403 | €1,838 | +€1,435 | +355.9% |
| Financial charges | 65/66B | €5,077 | €8,902 | +€3,824 | +75.3% |
| Recurring financial charges | 65 | €5,077 | €8,902 | +€3,824 | +75.3% |
| Debt charges | 650 | €2,587 | €1,886 | -€701 | -27.1% |
| Other financial charges | 652/9 | €2,490 | €7,016 | +€4,525 | +181.7% |
| Profit (loss) for the period before taxes | 9903 | €421,758 | €195,243 | -€226,514 | -53.7% |
| Income taxes | 67/77 | €120,980 | €139,982 | +€19,001 | +15.7% |
| Taxes | 670/3 | €124,430 | €139,982 | +€15,551 | +12.5% |
| Tax adjustments and reversals of tax provisions | 77 | €3,450 | €0 | -€3,450 | -100.0% |
| Profit (loss) for the period | 9904 | €300,778 | €55,262 | -€245,516 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €300,778 | €55,262 | -€245,516 | -81.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.