THISISIT: what changed
What changed
THISISIT
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€45,047
2024 · €47,819-€2,773
Equity
€141,277
2024 · €164,230-€22,953
Cash
€93,459
2024 · €98,051-€4,592
Balance sheet total
€353,039
2024 · €324,779+€28,259
Largest movements
Assets
- Receivables within one year +€64,741
up €64,741 (+97.1%), from €66,705 to €131,446
of which Other amounts receivable: +€34,505
- Tangible fixed assets -€29,274
down €29,274 (-24.9%), from €117,408 to €88,133
of which Furniture and vehicles: -€33,131
- Cash -€4,592
down €4,592 (-4.7%), from €98,051 to €93,459
mainly Contributions, distributions and other (-€68,000) and Receivables within one year (-€64,741)
Equity and liabilities
- Other debts +€68,000
new in 2025: €68,000
- Debts after one year -€39,779
down €39,779 (-56.3%), from €70,648 to €30,868
- Reserves -€22,953
down €22,953 (-15.3%), from €149,972 to €127,019
- Trade debts +€20,856
up €20,856 (+491%), from €4,244 to €25,100
Income statement
- Gross operating margin -€15,496
down €15,496 (-13.4%), from €116,029 to €100,533
- Taxes -€10,048
down €10,048 (-34.1%), from €29,438 to €19,390
- Financial charges -€1,663
down €1,663 (-27.4%), from €6,065 to €4,403
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
€47,819
Gross operating margin
-€15,496
Depreciation
-€56
Other operating charges
+€745
Financial income
+€323
Financial charges
+€1,663
Taxes
+€10,048
Result 2025
€45,047
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
+€106,885
Investment
-€5,208
Financing
-€106,269
Cash 2024
€98,051
From operations (derived)
+€106,885
Net result for the year
+€45,047
Depreciation
+€34,483
Receivables within one year
-€64,741
Deferred charges and accrued income
+€2,615
Trade debts
+€20,856
Tax, wage and social debts
+€1,340
Other debts
+€68,000
Accrued charges and deferred income
-€714
Investment (derived)
-€5,208
Investment in fixed assets (net)
-€5,208
Financing
-€106,269
Debts after one year
-€39,779
Current portion of long-term debt
+€1,520
Short-term financial debts
-€10
Contributions, distributions and other
-€68,000
Cash 2025
€93,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,779 | €353,039 | +€28,259 | +8.7% |
| Fixed assets | 21/28 | €117,408 | €88,133 | -€29,274 | -24.9% |
| Tangible fixed assets | 22/27 | €117,408 | €88,133 | -€29,274 | -24.9% |
| Plant, machinery and equipment | 23 | - | €3,857 | +€3,857 | |
| Furniture and vehicles | 24 | €117,408 | €84,276 | -€33,131 | -28.2% |
| Current assets | 29/58 | €207,372 | €264,905 | +€57,534 | +27.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,705 | €131,446 | +€64,741 | +97.1% |
| Trade receivables | 40 | €23,776 | €54,012 | +€30,236 | +127% |
| Other amounts receivable | 41 | €42,930 | €77,434 | +€34,505 | +80.4% |
| Cash at bank and in hand | 54/58 | €98,051 | €93,459 | -€4,592 | -4.7% |
| Deferred charges and accrued income | 490/1 | €2,615 | €0 | -€2,615 | -100% |
| Total equity and liabilities | 10/49 | €324,779 | €353,039 | +€28,259 | +8.7% |
| Equity | 10/15 | €164,230 | €141,277 | -€22,953 | -14.0% |
| Contributions | 10/11 | €14,258 | €14,258 | = | 0.0% |
| Reserves | 13 | €149,972 | €127,019 | -€22,953 | -15.3% |
| Distributable reserves | 133 | €149,972 | €127,019 | -€22,953 | -15.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €160,549 | €211,762 | +€51,213 | +31.9% |
| Amounts payable after more than one year | 17 | €70,648 | €30,868 | -€39,779 | -56.3% |
| Financial debts | 170/4 | €70,648 | €30,868 | -€39,779 | -56.3% |
| Amounts payable within one year | 42/48 | €84,670 | €176,376 | +€91,706 | +108% |
| Current portion of amounts payable after more than one year | 42 | €38,259 | €39,779 | +€1,520 | +4.0% |
| Financial debts | 43 | €5,400 | €5,390 | -€10 | -0.2% |
| Credit institutions | 430/8 | €5,400 | €5,390 | -€10 | -0.2% |
| Trade debts | 44 | €4,244 | €25,100 | +€20,856 | +491% |
| Suppliers | 440/4 | €4,244 | €25,100 | +€20,856 | +491% |
| Taxes, remuneration and social security | 45 | €36,766 | €38,106 | +€1,340 | +3.6% |
| Taxes | 450/3 | €36,766 | €38,106 | +€1,340 | +3.6% |
| Other amounts payable | 47/48 | - | €68,000 | +€68,000 | |
| Accrued charges and deferred income | 492/3 | €5,231 | €4,517 | -€714 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,427 | €34,483 | +€56 | +0.2% |
| Other operating charges | 640/8 | €2,028 | €1,283 | -€745 | -36.8% |
| Gross operating margin | 9900 | €116,029 | €100,533 | -€15,496 | -13.4% |
| Operating profit (loss) | 9901 | €79,574 | €64,768 | -€14,806 | -18.6% |
| Financial income | 75/76B | €3,748 | €4,072 | +€323 | +8.6% |
| Recurring financial income | 75 | €3,748 | €4,072 | +€323 | +8.6% |
| Financial charges | 65/66B | €6,065 | €4,403 | -€1,663 | -27.4% |
| Recurring financial charges | 65 | €6,065 | €4,403 | -€1,663 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €77,257 | €64,437 | -€12,820 | -16.6% |
| Income taxes | 67/77 | €29,438 | €19,390 | -€10,048 | -34.1% |
| Profit (loss) for the period | 9904 | €47,819 | €45,047 | -€2,773 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,819 | €45,047 | -€2,773 | -5.8% |
Next steps
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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.