BvdG-Elec: 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.
BvdG-Elec
Largest movements
- Receivables within one year +€14,243
up €14,243 (+564%), from €2,527 to €16,770
of which Trade receivables: +€13,133
- Cash +€9,231
up €9,231 (+18.6%), from €49,687 to €58,918
mainly Net result for the year (+€24,295) and Depreciation (+€8,320)
- Tangible fixed assets -€2,592
down €2,592 (-14.9%), from €17,385 to €14,792
of which Plant, machinery and equipment: -€6,232
- Stocks and contracts +€1,945
up €1,945 (+14.6%), from €13,292 to €15,237
- Profit (loss) carried forward +€24,295
up €24,295 (+51.9%), from €46,824 to €71,119
- Tax, wage and social debts -€5,871
down €5,871 (-99.5%), from €5,902 to €31
- Trade debts +€4,005
up €4,005 (+336%), from €1,193 to €5,198
- Gross operating margin -€32,378
down €32,378 (-45.3%), from €71,397 to €39,019
- Taxes -€9,501
down €9,501 (-59.7%), from €15,902 to €6,401
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,212 | €106,663 | +€22,450 | +26.7% |
| Fixed assets | 21/28 | €17,385 | €14,792 | -€2,592 | -14.9% |
| Tangible fixed assets | 22/27 | €17,385 | €14,792 | -€2,592 | -14.9% |
| Plant, machinery and equipment | 23 | €11,178 | €4,946 | -€6,232 | -55.8% |
| Furniture and vehicles | 24 | €6,207 | €9,847 | +€3,640 | +58.6% |
| Current assets | 29/58 | €66,828 | €91,870 | +€25,042 | +37.5% |
| Stocks and contracts in progress | 3 | €13,292 | €15,237 | +€1,945 | +14.6% |
| Stocks | 30/36 | €13,292 | €15,237 | +€1,945 | +14.6% |
| Amounts receivable within one year | 40/41 | €2,527 | €16,770 | +€14,243 | +564% |
| Trade receivables | 40 | €259 | €13,391 | +€13,133 | +5,074% |
| Other amounts receivable | 41 | €2,268 | €3,378 | +€1,110 | +48.9% |
| Cash at bank and in hand | 54/58 | €49,687 | €58,918 | +€9,231 | +18.6% |
| Deferred charges and accrued income | 490/1 | €1,322 | €946 | -€376 | -28.4% |
| Total equity and liabilities | 10/49 | €84,212 | €106,663 | +€22,450 | +26.7% |
| Equity | 10/15 | €49,824 | €74,119 | +€24,295 | +48.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,824 | €71,119 | +€24,295 | +51.9% |
| Amounts payable | 17/49 | €34,389 | €32,544 | -€1,845 | -5.4% |
| Amounts payable within one year | 42/48 | €34,389 | €32,544 | -€1,845 | -5.4% |
| Trade debts | 44 | €1,193 | €5,198 | +€4,005 | +336% |
| Suppliers | 440/4 | €1,193 | €5,198 | +€4,005 | +336% |
| Taxes, remuneration and social security | 45 | €5,902 | €31 | -€5,871 | -99.5% |
| Taxes | 450/3 | €5,902 | €31 | -€5,871 | -99.5% |
| Other amounts payable | 47/48 | €27,294 | €27,315 | +€21 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,670 | €8,320 | -€351 | -4.0% |
| Gross operating margin | 9900 | €71,397 | €39,019 | -€32,378 | -45.3% |
| Operating profit (loss) | 9901 | €62,726 | €30,699 | -€32,027 | -51.1% |
| Financial income | 75/76B | €92 | €55 | -€37 | -40.1% |
| Recurring financial income | 75 | €92 | €55 | -€37 | -40.1% |
| Financial charges | 65/66B | €93 | €58 | -€35 | -37.8% |
| Recurring financial charges | 65 | €93 | €58 | -€35 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €62,725 | €30,696 | -€32,029 | -51.1% |
| Income taxes | 67/77 | €15,902 | €6,401 | -€9,501 | -59.7% |
| Profit (loss) for the period | 9904 | €46,824 | €24,295 | -€22,528 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,824 | €24,295 | -€22,528 | -48.1% |
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 24 October 2026 via checked.be.