Electricité VACO: 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.
Electricité VACO
Largest movements
- Receivables within one year -€27,027
down €27,027 (-29.2%), from €92,652 to €65,625
of which Other amounts receivable: -€30,491
- Stocks and contracts -€17,500
down €17,500 (-100%), from €17,500 to €0
- Cash +€2,159
new in 2025: €2,159
mainly Receivables within one year (+€27,027) and Stocks and contracts (+€17,500)
- Trade debts -€29,517
down €29,517 (-49.8%), from €59,283 to €29,766
- Profit (loss) carried forward -€7,520
down €7,520 (-31.6%), from -€23,781 to -€31,301
- Tax, wage and social debts -€4,849
down €4,849 (-79.5%), from €6,099 to €1,249
- Short-term financial debts -€1,883
down €1,883 (-36.2%), from €5,197 to €3,315
- Financial charges +€8,483
up €8,483 (+559%), from €1,519 to €10,002
- Gross operating margin -€7,630
down €7,630 (-64.0%), from €11,915 to €4,285
- Taxes -€4,842
down €4,842 (-92.1%), from €5,259 to €416
- Depreciation -€3,325
down €3,325 (-81.1%), from €4,100 to €775
- Financial income -€979
down €979 (-35.6%), from €2,750 to €1,771
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 | €111,752 | €67,983 | -€43,769 | -39.2% |
| Fixed assets | 21/28 | €775 | €0 | -€775 | -100% |
| Tangible fixed assets | 22/27 | €775 | €0 | -€775 | -100% |
| Furniture and vehicles | 24 | €775 | €0 | -€775 | -100% |
| Current assets | 29/58 | €110,977 | €67,983 | -€42,994 | -38.7% |
| Stocks and contracts in progress | 3 | €17,500 | €0 | -€17,500 | -100% |
| Stocks | 30/36 | €17,500 | €0 | -€17,500 | -100% |
| Amounts receivable within one year | 40/41 | €92,652 | €65,625 | -€27,027 | -29.2% |
| Trade receivables | 40 | €43,656 | €47,120 | +€3,464 | +7.9% |
| Other amounts receivable | 41 | €48,996 | €18,505 | -€30,491 | -62.2% |
| Cash at bank and in hand | 54/58 | - | €2,159 | +€2,159 | |
| Deferred charges and accrued income | 490/1 | €825 | €199 | -€626 | -75.9% |
| Total equity and liabilities | 10/49 | €111,752 | €67,983 | -€43,769 | -39.2% |
| Equity | 10/15 | €41,173 | €33,653 | -€7,520 | -18.3% |
| Contributions | 10/11 | €24,010 | €24,010 | = | 0.0% |
| Reserves | 13 | €40,943 | €40,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,144 | €3,144 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,144 | €3,144 | = | 0.0% |
| Distributable reserves | 133 | €37,799 | €37,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,781 | -€31,301 | -€7,520 | -31.6% |
| Amounts payable | 17/49 | €70,579 | €34,330 | -€36,249 | -51.4% |
| Amounts payable within one year | 42/48 | €70,579 | €34,330 | -€36,249 | -51.4% |
| Financial debts | 43 | €5,197 | €3,315 | -€1,883 | -36.2% |
| Credit institutions | 430/8 | €5,197 | €3,315 | -€1,883 | -36.2% |
| Trade debts | 44 | €59,283 | €29,766 | -€29,517 | -49.8% |
| Suppliers | 440/4 | €59,283 | €29,766 | -€29,517 | -49.8% |
| Taxes, remuneration and social security | 45 | €6,099 | €1,249 | -€4,849 | -79.5% |
| Taxes | 450/3 | €6,099 | €1,249 | -€4,849 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,100 | €775 | -€3,325 | -81.1% |
| Other operating charges | 640/8 | €2,321 | €2,383 | +€61 | +2.6% |
| Gross operating margin | 9900 | €11,915 | €4,285 | -€7,630 | -64.0% |
| Operating profit (loss) | 9901 | €5,494 | €1,127 | -€4,366 | -79.5% |
| Financial income | 75/76B | €2,750 | €1,771 | -€979 | -35.6% |
| Recurring financial income | 75 | €2,750 | €1,771 | -€979 | -35.6% |
| Financial charges | 65/66B | €1,519 | €10,002 | +€8,483 | +559% |
| Recurring financial charges | 65 | €1,519 | €10,002 | +€8,483 | +559% |
| Profit (loss) for the period before taxes | 9903 | €6,725 | -€7,104 | -€13,829 | |
| Income taxes | 67/77 | €5,259 | €416 | -€4,842 | -92.1% |
| Profit (loss) for the period | 9904 | €1,467 | -€7,520 | -€8,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,467 | -€7,520 | -€8,987 |
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 26 October 2026 via checked.be.