Stéphan Cachoir: what changed
What changed
Stéphan Cachoir
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€44,769
2024 · €35,451+€9,319
Equity
€210,021
2024 · €165,252+€44,769
Cash
€35,386
2024 · €73,137-€37,750
Balance sheet total
€442,142
2024 · €511,893-€69,751
Largest movements
Assets
- Cash -€37,750
down €37,750 (-51.6%), from €73,137 to €35,386
mainly Other debts (-€68,220) and Debts after one year (-€61,298)
- Tangible fixed assets -€25,884
down €25,884 (-25.9%), from €99,956 to €74,072
of which Leasing and similar rights: -€25,418
- Receivables within one year -€21,895
down €21,895 (-9.2%), from €238,276 to €216,380
of which Trade receivables: -€25,371
- Stocks and contracts +€15,526
up €15,526 (+16.3%), from €95,427 to €110,953
Equity and liabilities
- Other debts -€68,220
down €68,220 (-44.0%), from €155,132 to €86,912
- Debts after one year -€61,298
down €61,298 (-61.7%), from €99,318 to €38,020
- Profit (loss) carried forward +€44,769
up €44,769, from -€42,319 to €2,450
- Accrued charges and deferred income +€37,339
new in 2025: €37,339
- Trade debts -€25,219
down €25,219 (-64.8%), from €38,890 to €13,671
Income statement
- Gross operating margin +€55,603
up €55,603 (+16.7%), from €333,114 to €388,718
- Staff costs +€47,120
up €47,120 (+19.3%), from €244,119 to €291,239
- Taxes +€9,600
up €9,600 (+2,838%), from €338 to €9,938
- Other operating charges -€7,577
down €7,577 (-50.5%), from €15,009 to €7,431
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
€35,451
Gross operating margin
+€55,603
Staff costs
-€47,120
Depreciation
+€2,750
Other operating charges
+€7,577
Financial income
-€668
Financial charges
+€776
Taxes
-€9,600
Result 2025
€44,769
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
+€35,794
Investment
-€7,631
Financing
-€65,913
Cash 2024
€73,137
From operations (derived)
+€35,794
Net result for the year
+€44,769
Depreciation
+€33,650
Stocks and contracts
-€15,526
Receivables within one year
+€21,895
Deferred charges and accrued income
-€388
Trade debts
-€25,219
Tax, wage and social debts
+€7,494
Other debts
-€68,220
Accrued charges and deferred income
+€37,339
Investment (derived)
-€7,631
Investment in fixed assets (net)
-€7,631
Financing
-€65,913
Debts after one year
-€61,298
Current portion of long-term debt
-€4,615
Cash 2025
€35,386
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,893 | €442,142 | -€69,751 | -13.6% |
| Fixed assets | 21/28 | €103,226 | €77,207 | -€26,019 | -25.2% |
| Tangible fixed assets | 22/27 | €99,956 | €74,072 | -€25,884 | -25.9% |
| Plant, machinery and equipment | 23 | €9,760 | €14,384 | +€4,624 | +47.4% |
| Furniture and vehicles | 24 | €12,016 | €6,927 | -€5,090 | -42.4% |
| Leasing and similar rights | 25 | €78,179 | €52,761 | -€25,418 | -32.5% |
| Financial fixed assets | 28 | €3,270 | €3,135 | -€135 | -4.1% |
| Current assets | 29/58 | €408,667 | €364,936 | -€43,732 | -10.7% |
| Stocks and contracts in progress | 3 | €95,427 | €110,953 | +€15,526 | +16.3% |
| Stocks | 30/36 | €95,427 | €110,953 | +€15,526 | +16.3% |
| Amounts receivable within one year | 40/41 | €238,276 | €216,380 | -€21,895 | -9.2% |
| Trade receivables | 40 | €224,264 | €198,893 | -€25,371 | -11.3% |
| Other amounts receivable | 41 | €14,012 | €17,488 | +€3,476 | +24.8% |
| Cash at bank and in hand | 54/58 | €73,137 | €35,386 | -€37,750 | -51.6% |
| Deferred charges and accrued income | 490/1 | €1,828 | €2,216 | +€388 | +21.2% |
| Total equity and liabilities | 10/49 | €511,893 | €442,142 | -€69,751 | -13.6% |
| Equity | 10/15 | €165,252 | €210,021 | +€44,769 | +27.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €7,571 | €7,571 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,711 | €5,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,319 | €2,450 | +€44,769 | |
| Amounts payable | 17/49 | €346,641 | €232,121 | -€114,520 | -33.0% |
| Amounts payable after more than one year | 17 | €99,318 | €38,020 | -€61,298 | -61.7% |
| Financial debts | 170/4 | €99,318 | €38,020 | -€61,298 | -61.7% |
| Amounts payable within one year | 42/48 | €247,323 | €156,763 | -€90,560 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €46,648 | €42,033 | -€4,615 | -9.9% |
| Trade debts | 44 | €38,890 | €13,671 | -€25,219 | -64.8% |
| Suppliers | 440/4 | €38,890 | €13,671 | -€25,219 | -64.8% |
| Taxes, remuneration and social security | 45 | €6,654 | €14,147 | +€7,494 | +113% |
| Taxes | 450/3 | €503 | €9,938 | +€9,436 | +1,877% |
| Remuneration and social security | 454/9 | €6,151 | €4,209 | -€1,942 | -31.6% |
| Other amounts payable | 47/48 | €155,132 | €86,912 | -€68,220 | -44.0% |
| Accrued charges and deferred income | 492/3 | - | €37,339 | +€37,339 | |
| Remuneration, social security and pensions | 62 | €244,119 | €291,239 | +€47,120 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,400 | €33,650 | -€2,750 | -7.6% |
| Other operating charges | 640/8 | €15,009 | €7,431 | -€7,577 | -50.5% |
| Gross operating margin | 9900 | €333,114 | €388,718 | +€55,603 | +16.7% |
| Operating profit (loss) | 9901 | €37,586 | €56,397 | +€18,810 | +50.0% |
| Financial income | 75/76B | €3,099 | €2,431 | -€668 | -21.5% |
| Recurring financial income | 75 | €3,099 | €2,431 | -€668 | -21.5% |
| Financial charges | 65/66B | €4,896 | €4,120 | -€776 | -15.8% |
| Recurring financial charges | 65 | €4,896 | €4,120 | -€776 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €35,789 | €54,707 | +€18,918 | +52.9% |
| Income taxes | 67/77 | €338 | €9,938 | +€9,600 | +2,838% |
| Profit (loss) for the period | 9904 | €35,451 | €44,769 | +€9,319 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,451 | €44,769 | +€9,319 | +26.3% |
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 1 November 2026 via checked.be.