ELECTRO VALCKE: what changed
Two fiscal 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.
ELECTRO VALCKE
Largest movements
- Tangible fixed assets +€50,897
up €50,897 (+560.7%), from €9,077 to €59,974
of which Leasing and similar rights: +€40,062
- Current investments -€5,963
down €5,963 (-22.1%), from €27,035 to €21,073
- Stocks and contracts +€2,034
up €2,034 (+10.3%), from €19,815 to €21,849
- Receivables within one year +€1,934
up €1,934 (+76.2%), from €2,540 to €4,474
of which Other amounts receivable: +€1,726
- Cash +€1,482
up €1,482 (+103.1%), from €1,437 to €2,919
mainly Other debts (+€55,849) and Net result for the year (+€23,880)
- Other debts +€55,849
up €55,849 (+543.9%), from €10,268 to €66,117
- Reserves -€34,010
down €34,010 (-100.0%), from €34,010 to €0
- Debts after one year +€18,574
up €18,574 (+1716.3%), from €1,082 to €19,656
- Advances received +€5,745
new in 2025: €5,745
- Current portion of long-term debt +€5,588
up €5,588 (+214.5%), from €2,605 to €8,192
- Gross operating margin +€12,691
up €12,691 (+41.8%), from €30,396 to €43,086
- Depreciation +€2,121
up €2,121 (+23.3%), from €9,119 to €11,240
- Financial charges +€845
up €845 (+461.1%), from €183 to €1,028
- Taxes +€780
up €780 (+16.8%), from €4,646 to €5,425
- Other operating charges +€479
up €479 (+40.1%), from €1,193 to €1,672
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.
Cash bridge derived
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 | €62,726 | €113,123 | +€50,397 | +80.3% |
| Fixed assets | 21/28 | €11,177 | €62,074 | +€50,897 | +455.4% |
| Tangible fixed assets | 22/27 | €9,077 | €59,974 | +€50,897 | +560.7% |
| Plant, machinery and equipment | 23 | €2,902 | €1,718 | -€1,184 | -40.8% |
| Furniture and vehicles | 24 | €1,311 | €13,329 | +€12,019 | +917.1% |
| Leasing and similar rights | 25 | €4,864 | €44,926 | +€40,062 | +823.7% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €51,549 | €51,049 | -€500 | -1.0% |
| Stocks and contracts in progress | 3 | €19,815 | €21,849 | +€2,034 | +10.3% |
| Stocks | 30/36 | €19,815 | €21,849 | +€2,034 | +10.3% |
| Amounts receivable within one year | 40/41 | €2,540 | €4,474 | +€1,934 | +76.2% |
| Trade receivables | 40 | €2,006 | €2,214 | +€208 | +10.4% |
| Other amounts receivable | 41 | €534 | €2,260 | +€1,726 | +323.6% |
| Current investments | 50/53 | €27,035 | €21,073 | -€5,963 | -22.1% |
| Cash at bank and in hand | 54/58 | €1,437 | €2,919 | +€1,482 | +103.1% |
| Deferred charges and accrued income | 490/1 | €722 | €734 | +€12 | +1.7% |
| Total equity and liabilities | 10/49 | €62,726 | €113,123 | +€50,397 | +80.3% |
| Equity | 10/15 | €35,510 | €1,500 | -€34,010 | -95.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €34,010 | €0 | -€34,010 | -100.0% |
| Distributable reserves | 133 | €34,010 | €0 | -€34,010 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,216 | €111,623 | +€84,407 | +310.1% |
| Amounts payable after more than one year | 17 | €1,082 | €19,656 | +€18,574 | +1716.3% |
| Financial debts | 170/4 | €1,082 | €19,656 | +€18,574 | +1716.3% |
| Amounts payable within one year | 42/48 | €26,134 | €91,967 | +€65,833 | +251.9% |
| Current portion of amounts payable after more than one year | 42 | €2,605 | €8,192 | +€5,588 | +214.5% |
| Financial debts | 43 | €332 | €174 | -€158 | -47.7% |
| Credit institutions | 430/8 | €332 | €174 | -€158 | -47.7% |
| Trade debts | 44 | €4,423 | €5,251 | +€828 | +18.7% |
| Suppliers | 440/4 | €4,423 | €5,251 | +€828 | +18.7% |
| Advances received on contracts in progress | 46 | - | €5,745 | +€5,745 | |
| Taxes, remuneration and social security | 45 | €8,506 | €6,488 | -€2,018 | -23.7% |
| Taxes | 450/3 | €8,506 | €6,488 | -€2,018 | -23.7% |
| Other amounts payable | 47/48 | €10,268 | €66,117 | +€55,849 | +543.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,119 | €11,240 | +€2,121 | +23.3% |
| Other operating charges | 640/8 | €1,193 | €1,672 | +€479 | +40.1% |
| Gross operating margin | 9900 | €30,396 | €43,086 | +€12,691 | +41.8% |
| Operating profit (loss) | 9901 | €20,084 | €30,175 | +€10,091 | +50.2% |
| Financial income | 75/76B | €39 | €158 | +€119 | +305.8% |
| Recurring financial income | 75 | €39 | €158 | +€119 | +305.8% |
| Financial charges | 65/66B | €183 | €1,028 | +€845 | +461.1% |
| Recurring financial charges | 65 | €183 | €1,028 | +€845 | +461.1% |
| Profit (loss) for the period before taxes | 9903 | €19,939 | €29,305 | +€9,366 | +47.0% |
| Income taxes | 67/77 | €4,646 | €5,425 | +€780 | +16.8% |
| Profit (loss) for the period | 9904 | €15,294 | €23,880 | +€8,586 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,294 | €23,880 | +€8,586 | +56.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.