VIEW AND INTEGRATE: what changed
What changed
VIEW AND INTEGRATE
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€231,885
2025 · €277,634-€45,750
Equity
€411,788
2025 · €329,904+€81,885
Cash
€186,541
2025 · €349,086-€162,545
Balance sheet total
€1.3m
2025 · €1.0m+€240,363
Largest movements
Assets
- Current investments +€250,733
new in 2026: €250,733
- Cash -€162,545
down €162,545 (-46.6%), from €349,086 to €186,541
mainly Current investments (-€250,733) and Receivables within one year (-€151,039)
- Receivables within one year +€151,039
up €151,039 (+46.3%), from €325,885 to €476,924
of which Trade receivables: +€150,372
- Stocks and contracts -€70,902
down €70,902 (-40.7%), from €174,036 to €103,134
of which Stocks: -€62,054
- Tangible fixed assets +€70,130
up €70,130 (+45.8%), from €153,004 to €223,134
of which Other tangible fixed assets: +€41,935
Equity and liabilities
- Trade debts +€140,232
up €140,232 (+102%), from €137,050 to €277,282
- Profit (loss) carried forward +€81,885
up €81,885 (+26.5%), from €309,444 to €391,328
- Accrued charges and deferred income +€44,326
up €44,326 (+19.1%), from €232,588 to €276,914
- Tax, wage and social debts -€33,472
down €33,472 (-28.2%), from €118,821 to €85,349
of which Taxes: -€43,502
Income statement
- Staff costs +€101,845
up €101,845 (+75.2%), from €135,512 to €237,357
- Gross operating margin +€100,913
up €100,913 (+21.0%), from €480,337 to €581,250
- Depreciation +€58,167
up €58,167 (+335%), from €17,382 to €75,549
- Taxes -€16,741
down €16,741 (-35.6%), from €47,070 to €30,330
Change in the result, 2025 to 2026
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 2025
€277,634
Gross operating margin
+€100,913
Staff costs
-€101,845
Depreciation
-€58,167
Other operating charges
-€3,150
Financial income
+€942
Financial charges
-€1,183
Taxes
+€16,741
Result 2026
€231,885
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€376,363
Investment
-€396,412
Financing
-€142,496
Cash 2025
€349,086
From operations (derived)
+€376,363
Net result for the year
+€231,885
Depreciation
+€75,549
Stocks and contracts
+€70,902
Receivables within one year
-€151,039
Deferred charges and accrued income
-€1,909
Trade debts
+€140,232
Tax, wage and social debts
-€33,472
Other debts
-€111
Accrued charges and deferred income
+€44,326
Investment (derived)
-€396,412
Investment in fixed assets (net)
-€145,679
Current investments
-€250,733
Financing
-€142,496
Debts after one year
-€4,394
Current portion of long-term debt
+€1,498
Short-term financial debts
+€10,400
Contributions, distributions and other
-€150,000
Cash 2026
€186,541
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,018,095 | €1,258,458 | +€240,363 | +23.6% |
| Fixed assets | 21/28 | €163,584 | €233,714 | +€70,130 | +42.9% |
| Tangible fixed assets | 22/27 | €153,004 | €223,134 | +€70,130 | +45.8% |
| Plant, machinery and equipment | 23 | - | €13,077 | +€13,077 | |
| Furniture and vehicles | 24 | €34,404 | €49,522 | +€15,118 | +43.9% |
| Other tangible fixed assets | 26 | €118,600 | €160,535 | +€41,935 | +35.4% |
| Financial fixed assets | 28 | €10,580 | €10,580 | = | 0.0% |
| Current assets | 29/58 | €854,511 | €1,024,744 | +€170,233 | +19.9% |
| Stocks and contracts in progress | 3 | €174,036 | €103,134 | -€70,902 | -40.7% |
| Stocks | 30/36 | €142,893 | €80,839 | -€62,054 | -43.4% |
| Contracts in progress | 37 | €31,143 | €22,294 | -€8,848 | -28.4% |
| Amounts receivable within one year | 40/41 | €325,885 | €476,924 | +€151,039 | +46.3% |
| Trade receivables | 40 | €325,885 | €476,257 | +€150,372 | +46.1% |
| Other amounts receivable | 41 | - | €667 | +€667 | |
| Current investments | 50/53 | - | €250,733 | +€250,733 | |
| Cash at bank and in hand | 54/58 | €349,086 | €186,541 | -€162,545 | -46.6% |
| Deferred charges and accrued income | 490/1 | €5,504 | €7,412 | +€1,909 | +34.7% |
| Total equity and liabilities | 10/49 | €1,018,095 | €1,258,458 | +€240,363 | +23.6% |
| Equity | 10/15 | €329,904 | €411,788 | +€81,885 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,444 | €391,328 | +€81,885 | +26.5% |
| Amounts payable | 17/49 | €688,191 | €846,669 | +€158,478 | +23.0% |
| Amounts payable after more than one year | 17 | €23,434 | €19,040 | -€4,394 | -18.7% |
| Financial debts | 170/4 | €23,434 | €19,040 | -€4,394 | -18.7% |
| Amounts payable within one year | 42/48 | €432,170 | €550,716 | +€118,546 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €23,738 | €25,236 | +€1,498 | +6.3% |
| Financial debts | 43 | €2,367 | €12,767 | +€10,400 | +439% |
| Credit institutions | 430/8 | €2,367 | €12,767 | +€10,400 | +439% |
| Trade debts | 44 | €137,050 | €277,282 | +€140,232 | +102% |
| Suppliers | 440/4 | €137,050 | €277,282 | +€140,232 | +102% |
| Taxes, remuneration and social security | 45 | €118,821 | €85,349 | -€33,472 | -28.2% |
| Taxes | 450/3 | €96,075 | €52,573 | -€43,502 | -45.3% |
| Remuneration and social security | 454/9 | €22,745 | €32,776 | +€10,030 | +44.1% |
| Other amounts payable | 47/48 | €150,194 | €150,083 | -€111 | -0.1% |
| Accrued charges and deferred income | 492/3 | €232,588 | €276,914 | +€44,326 | +19.1% |
| Remuneration, social security and pensions | 62 | €135,512 | €237,357 | +€101,845 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,382 | €75,549 | +€58,167 | +335% |
| Other operating charges | 640/8 | €1,019 | €4,170 | +€3,150 | +309% |
| Gross operating margin | 9900 | €480,337 | €581,250 | +€100,913 | +21.0% |
| Operating profit (loss) | 9901 | €326,424 | €264,174 | -€62,250 | -19.1% |
| Financial income | 75/76B | €105 | €1,047 | +€942 | +897% |
| Recurring financial income | 75 | €105 | €1,047 | +€942 | +897% |
| Financial charges | 65/66B | €1,824 | €3,007 | +€1,183 | +64.8% |
| Recurring financial charges | 65 | €1,824 | €3,007 | +€1,183 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €324,704 | €262,214 | -€62,490 | -19.2% |
| Income taxes | 67/77 | €47,070 | €30,330 | -€16,741 | -35.6% |
| Profit (loss) for the period | 9904 | €277,634 | €231,885 | -€45,750 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €277,634 | €231,885 | -€45,750 | -16.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.