STOCK 105: what changed
What changed
STOCK 105
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€11,156
2024 · €8,799+€2,357
Equity
€77,332
2024 · €66,176+€11,156
Cash
€21,187
2024 · €6,172+€15,016
Balance sheet total
€238,871
2024 · €231,461+€7,411
Largest movements
Assets
- Stocks and contracts -€15,239
down €15,239 (-15.6%), from €97,558 to €82,319
- Cash +€15,016
up €15,016 (+243%), from €6,172 to €21,187
mainly Trade debts (+€48,934) and Stocks and contracts (+€15,239)
- Tangible fixed assets +€6,109
up €6,109 (+506%), from €1,207 to €7,315
of which Furniture and vehicles: +€6,547
Equity and liabilities
- Trade debts +€48,934
up €48,934 (+125%), from €39,234 to €88,168
- Debts after one year -€17,477
down €17,477 (-92.1%), from €18,976 to €1,499
- Other debts -€16,198
down €16,198 (-75.3%), from €21,508 to €5,311
- Advances received -€12,020
down €12,020 (-100%), from €12,020 to €0
- Reserves +€11,156
up €11,156 (+18.6%), from €59,976 to €71,132
Income statement
- Staff costs -€60,834
down €60,834 (-56.5%), from €107,584 to €46,750
- Gross operating margin -€55,067
down €55,067 (-37.9%), from €145,293 to €90,226
- Other operating charges -€12,966
down €12,966 (-78.7%), from €16,472 to €3,505
- Write-downs +€6,239
new in 2025: €6,239
- Financial charges +€5,195
up €5,195 (+66.5%), from €7,812 to €13,007
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
€8,799
Gross operating margin
-€55,067
Staff costs
+€60,834
Depreciation
-€4,661
Write-downs
-€6,239
Other operating charges
+€12,966
Financial income
+€63
Financial charges
-€5,195
Taxes
-€345
Result 2025
€11,156
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
+€44,992
Investment
-€12,106
Financing
-€17,871
Cash 2024
€6,172
From operations (derived)
+€44,992
Net result for the year
+€11,156
Depreciation
+€5,997
Stocks and contracts
+€15,239
Receivables within one year
-€1,526
Trade debts
+€48,934
Tax, wage and social debts
-€6,590
Advances received
-€12,020
Other debts
-€16,198
Investment (derived)
-€12,106
Investment in fixed assets (net)
-€12,106
Financing
-€17,871
Debts after one year
-€17,477
Current portion of long-term debt
-€394
Cash 2025
€21,187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,461 | €238,871 | +€7,411 | +3.2% |
| Fixed assets | 21/28 | €1,207 | €7,315 | +€6,109 | +506% |
| Tangible fixed assets | 22/27 | €1,207 | €7,315 | +€6,109 | +506% |
| Plant, machinery and equipment | 23 | €787 | €349 | -€438 | -55.6% |
| Furniture and vehicles | 24 | €419 | €6,966 | +€6,547 | +1,561% |
| Current assets | 29/58 | €230,254 | €231,556 | +€1,302 | +0.6% |
| Stocks and contracts in progress | 3 | €97,558 | €82,319 | -€15,239 | -15.6% |
| Stocks | 30/36 | €97,558 | €82,319 | -€15,239 | -15.6% |
| Amounts receivable within one year | 40/41 | €126,524 | €128,049 | +€1,526 | +1.2% |
| Trade receivables | 40 | €100,756 | €77,291 | -€23,465 | -23.3% |
| Other amounts receivable | 41 | €25,767 | €50,758 | +€24,991 | +97.0% |
| Cash at bank and in hand | 54/58 | €6,172 | €21,187 | +€15,016 | +243% |
| Total equity and liabilities | 10/49 | €231,461 | €238,871 | +€7,411 | +3.2% |
| Equity | 10/15 | €66,176 | €77,332 | +€11,156 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,976 | €71,132 | +€11,156 | +18.6% |
| Distributable reserves | 133 | €59,976 | €71,132 | +€11,156 | +18.6% |
| Amounts payable | 17/49 | €165,285 | €161,540 | -€3,745 | -2.3% |
| Amounts payable after more than one year | 17 | €18,976 | €1,499 | -€17,477 | -92.1% |
| Financial debts | 170/4 | €18,976 | €1,499 | -€17,477 | -92.1% |
| Amounts payable within one year | 42/48 | €146,310 | €160,041 | +€13,732 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €17,871 | €17,477 | -€394 | -2.2% |
| Financial debts | 43 | €39,984 | €39,984 | = | 0.0% |
| Credit institutions | 430/8 | €39,984 | €39,984 | = | 0.0% |
| Trade debts | 44 | €39,234 | €88,168 | +€48,934 | +125% |
| Suppliers | 440/4 | €39,234 | €88,168 | +€48,934 | +125% |
| Advances received on contracts in progress | 46 | €12,020 | €0 | -€12,020 | -100% |
| Taxes, remuneration and social security | 45 | €15,691 | €9,101 | -€6,590 | -42.0% |
| Taxes | 450/3 | €3,305 | €5,318 | +€2,013 | +60.9% |
| Remuneration and social security | 454/9 | €12,386 | €3,783 | -€8,603 | -69.5% |
| Other amounts payable | 47/48 | €21,508 | €5,311 | -€16,198 | -75.3% |
| Remuneration, social security and pensions | 62 | €107,584 | €46,750 | -€60,834 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | €5,997 | +€4,661 | +349% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,239 | +€6,239 | |
| Other operating charges | 640/8 | €16,472 | €3,505 | -€12,966 | -78.7% |
| Gross operating margin | 9900 | €145,293 | €90,226 | -€55,067 | -37.9% |
| Operating profit (loss) | 9901 | €19,902 | €27,735 | +€7,834 | +39.4% |
| Financial income | 75/76B | €15 | €78 | +€63 | +437% |
| Recurring financial income | 75 | €15 | €78 | +€63 | +437% |
| Financial charges | 65/66B | €7,812 | €13,007 | +€5,195 | +66.5% |
| Recurring financial charges | 65 | €7,812 | €13,007 | +€5,195 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €12,104 | €14,806 | +€2,702 | +22.3% |
| Income taxes | 67/77 | €3,305 | €3,650 | +€345 | +10.4% |
| Profit (loss) for the period | 9904 | €8,799 | €11,156 | +€2,357 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,799 | €11,156 | +€2,357 | +26.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.