STANDELEC: 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.
What changed
STANDELEC
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€639,127
2024 · €519,074+€120,053
Equity
€1.7m
2024 · €2.1m-€401,521
Cash
€829,275
2024 · €565,077+€264,199
Balance sheet total
€3.8m
2024 · €3.3m+€442,623
Largest movements
Assets
- Cash +€264,199
up €264,199 (+46.8%), from €565,077 to €829,275
mainly Other debts (+€963,518) and Net result for the year (+€639,127)
- Stocks and contracts +€161,518
up €161,518 (+333%), from €48,482 to €210,000
of which Contracts in progress: +€210,000
Equity and liabilities
- Other debts +€963,518
up €963,518, from €0 to €963,518
- Reserves -€401,521
down €401,521 (-19.6%), from €2.0m to €1.6m
of which Distributable reserves: -€396,880
- Trade debts -€172,991
down €172,991 (-35.9%), from €482,337 to €309,346
Income statement
- Gross operating margin +€282,972
up €282,972 (+16.2%), from €1.7m to €2.0m
- Depreciation +€95,222
up €95,222 (+48.8%), from €195,289 to €290,511
- Staff costs +€77,222
up €77,222 (+9.1%), from €851,321 to €928,543
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
€519,074
Gross operating margin
+€282,972
Staff costs
-€77,222
Depreciation
-€95,222
Write-downs
-€9,805
Other operating charges
+€3,288
Financial income
-€1,469
Financial charges
+€1,026
Taxes
+€16,483
Result 2025
€639,127
raises the resultlowers the result
Derived cash bridge
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
+€1.6m
Investment
-€312,441
Financing
-€1.0m
Cash 2024
€565,077
From operations (derived)
+€1.6m
Net result for the year
+€639,127
Depreciation
+€290,511
Stocks and contracts
-€161,518
Receivables within one year
+€23,922
Deferred charges and accrued income
-€18,898
Provisions
-€1,160
Trade debts
-€172,991
Tax, wage and social debts
+€16,844
Other debts
+€963,518
Investment (derived)
-€312,441
Investment in fixed assets (net)
-€312,155
Current investments
-€286
Financing
-€1.0m
Debts after one year
+€19,320
Current portion of long-term debt
+€18,614
Contributions, distributions and other
-€1.0m
Cash 2025
€829,275
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,320,668 | €3,763,291 | +€442,623 | +13.3% |
| Fixed assets | 21/28 | €1,738,429 | €1,760,073 | +€21,644 | +1.2% |
| Tangible fixed assets | 22/27 | €1,712,929 | €1,734,573 | +€21,644 | +1.3% |
| Land and buildings | 22 | €924,577 | €881,817 | -€42,760 | -4.6% |
| Plant, machinery and equipment | 23 | €660,629 | €677,937 | +€17,308 | +2.6% |
| Furniture and vehicles | 24 | €127,723 | €174,820 | +€47,097 | +36.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €25,500 | €25,500 | = | 0.0% |
| Current assets | 29/58 | €1,582,239 | €2,003,217 | +€420,979 | +26.6% |
| Stocks and contracts in progress | 3 | €48,482 | €210,000 | +€161,518 | +333% |
| Stocks | 30/36 | €48,482 | €0 | -€48,482 | -100% |
| Contracts in progress | 37 | - | €210,000 | +€210,000 | |
| Amounts receivable within one year | 40/41 | €937,912 | €913,990 | -€23,922 | -2.6% |
| Trade receivables | 40 | €800,416 | €855,613 | +€55,197 | +6.9% |
| Other amounts receivable | 41 | €137,496 | €58,377 | -€79,119 | -57.5% |
| Current investments | 50/53 | €12,668 | €12,954 | +€286 | +2.3% |
| Cash at bank and in hand | 54/58 | €565,077 | €829,275 | +€264,199 | +46.8% |
| Deferred charges and accrued income | 490/1 | €18,100 | €36,998 | +€18,898 | +104% |
| Total equity and liabilities | 10/49 | €3,320,668 | €3,763,291 | +€442,623 | +13.3% |
| Equity | 10/15 | €2,108,296 | €1,706,775 | -€401,521 | -19.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,046,323 | €1,644,802 | -€401,521 | -19.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,915 | €123,274 | -€4,640 | -3.6% |
| Distributable reserves | 133 | €1,912,211 | €1,515,330 | -€396,880 | -20.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,954 | €16,794 | -€1,160 | -6.5% |
| Deferred taxes | 168 | €17,954 | €16,794 | -€1,160 | -6.5% |
| Amounts payable | 17/49 | €1,194,418 | €2,039,722 | +€845,304 | +70.8% |
| Amounts payable after more than one year | 17 | €570,217 | €589,537 | +€19,320 | +3.4% |
| Financial debts | 170/4 | €570,217 | €589,537 | +€19,320 | +3.4% |
| Amounts payable within one year | 42/48 | €624,201 | €1,450,185 | +€825,984 | +132% |
| Current portion of amounts payable after more than one year | 42 | €51,187 | €69,800 | +€18,614 | +36.4% |
| Trade debts | 44 | €482,337 | €309,346 | -€172,991 | -35.9% |
| Suppliers | 440/4 | €482,337 | €309,346 | -€172,991 | -35.9% |
| Taxes, remuneration and social security | 45 | €90,677 | €107,521 | +€16,844 | +18.6% |
| Taxes | 450/3 | €15,026 | €27,456 | +€12,430 | +82.7% |
| Remuneration and social security | 454/9 | €75,651 | €80,065 | +€4,414 | +5.8% |
| Other amounts payable | 47/48 | €0 | €963,518 | +€963,518 | |
| Remuneration, social security and pensions | 62 | €851,321 | €928,543 | +€77,222 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,289 | €290,511 | +€95,222 | +48.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,805 | +€9,805 | |
| Other operating charges | 640/8 | €22,997 | €19,709 | -€3,288 | -14.3% |
| Gross operating margin | 9900 | €1,748,826 | €2,031,798 | +€282,972 | +16.2% |
| Operating profit (loss) | 9901 | €679,219 | €783,231 | +€104,012 | +15.3% |
| Financial income | 75/76B | €8,463 | €6,995 | -€1,469 | -17.4% |
| Recurring financial income | 75 | €8,463 | €6,995 | -€1,469 | -17.4% |
| Financial charges | 65/66B | €10,857 | €9,831 | -€1,026 | -9.5% |
| Recurring financial charges | 65 | €10,857 | €9,831 | -€1,026 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €676,825 | €780,395 | +€103,570 | +15.3% |
| Transfer from deferred taxes | 780 | €1,160 | €1,160 | = | 0.0% |
| Income taxes | 67/77 | €158,912 | €142,429 | -€16,483 | -10.4% |
| Profit (loss) for the period | 9904 | €519,074 | €639,127 | +€120,053 | +23.1% |
| Transfer from tax-exempt reserves | 789 | €4,640 | €4,640 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €523,714 | €643,768 | +€120,053 | +22.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.