ELECTRO VAN HEES: 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 VAN HEES
Largest movements
- Tangible fixed assets -€39,787
down €39,787 (-33.7%), from €118,212 to €78,425
of which Plant, machinery and equipment: -€20,903
- Stocks and contracts +€30,804
up €30,804 (+15.3%), from €200,923 to €231,727
- Receivables within one year +€9,612
up €9,612 (+29.7%), from €32,311 to €41,923
- Cash -€5,908
down €5,908 (-9.9%), from €59,577 to €53,669
mainly Stocks and contracts (-€30,804) and Debts after one year (-€25,245)
- Profit (loss) carried forward +€38,216
up €38,216 (+40.1%), from -€95,312 to -€57,096
- Debts after one year -€25,245
down €25,245 (-47.8%), from €52,869 to €27,624
- Other debts -€19,800
down €19,800 (-16.1%), from €122,629 to €102,829
- Advances received +€10,041
up €10,041 (+549.6%), from €1,827 to €11,868
- Tax, wage and social debts -€8,387
down €8,387 (-21.2%), from €39,619 to €31,232
of which Remuneration and social security: -€5,004
- Gross operating margin +€73,593
up €73,593 (+41.8%), from €176,194 to €249,787
- Staff costs +€15,846
up €15,846 (+11.4%), from €139,251 to €155,097
- Depreciation -€5,706
down €5,706 (-15.8%), from €36,113 to €30,407
- Financial income +€3,388
up €3,388 (+3682.6%), from €92 to €3,480
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 | €416,370 | €411,688 | -€4,682 | -1.1% |
| Fixed assets | 21/28 | €121,091 | €81,304 | -€39,787 | -32.9% |
| Tangible fixed assets | 22/27 | €118,212 | €78,425 | -€39,787 | -33.7% |
| Land and buildings | 22 | €19,595 | €14,285 | -€5,310 | -27.1% |
| Plant, machinery and equipment | 23 | €59,475 | €38,572 | -€20,903 | -35.1% |
| Furniture and vehicles | 24 | €39,142 | €25,568 | -€13,574 | -34.7% |
| Financial fixed assets | 28 | €2,879 | €2,879 | = | 0.0% |
| Current assets | 29/58 | €295,279 | €330,384 | +€35,105 | +11.9% |
| Stocks and contracts in progress | 3 | €200,923 | €231,727 | +€30,804 | +15.3% |
| Stocks | 30/36 | €200,923 | €231,727 | +€30,804 | +15.3% |
| Amounts receivable within one year | 40/41 | €32,311 | €41,923 | +€9,612 | +29.7% |
| Trade receivables | 40 | €32,311 | €41,923 | +€9,612 | +29.7% |
| Cash at bank and in hand | 54/58 | €59,577 | €53,669 | -€5,908 | -9.9% |
| Deferred charges and accrued income | 490/1 | €2,468 | €3,065 | +€597 | +24.2% |
| Total equity and liabilities | 10/49 | €416,370 | €411,688 | -€4,682 | -1.1% |
| Equity | 10/15 | €106,169 | €144,385 | +€38,216 | +36.0% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €108,521 | €108,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,573 | €1,573 | = | 0.0% |
| Distributable reserves | 133 | €97,652 | €97,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,312 | -€57,096 | +€38,216 | +40.1% |
| Amounts payable | 17/49 | €310,201 | €267,303 | -€42,898 | -13.8% |
| Amounts payable after more than one year | 17 | €52,869 | €27,624 | -€25,245 | -47.8% |
| Financial debts | 170/4 | €52,869 | €27,624 | -€25,245 | -47.8% |
| Amounts payable within one year | 42/48 | €257,332 | €239,679 | -€17,653 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €28,735 | €25,245 | -€3,490 | -12.1% |
| Trade debts | 44 | €64,522 | €68,505 | +€3,983 | +6.2% |
| Suppliers | 440/4 | €64,522 | €68,505 | +€3,983 | +6.2% |
| Advances received on contracts in progress | 46 | €1,827 | €11,868 | +€10,041 | +549.6% |
| Taxes, remuneration and social security | 45 | €39,619 | €31,232 | -€8,387 | -21.2% |
| Taxes | 450/3 | €18,765 | €15,382 | -€3,383 | -18.0% |
| Remuneration and social security | 454/9 | €20,854 | €15,850 | -€5,004 | -24.0% |
| Other amounts payable | 47/48 | €122,629 | €102,829 | -€19,800 | -16.1% |
| Remuneration, social security and pensions | 62 | €139,251 | €155,097 | +€15,846 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,113 | €30,407 | -€5,706 | -15.8% |
| Other operating charges | 640/8 | €5,313 | €5,640 | +€327 | +6.2% |
| Non-recurring operating charges | 66A | - | €18,841 | +€18,841 | |
| Gross operating margin | 9900 | €176,194 | €249,787 | +€73,593 | +41.8% |
| Operating profit (loss) | 9901 | -€4,483 | €39,802 | +€44,285 | |
| Financial income | 75/76B | €92 | €3,480 | +€3,388 | +3682.6% |
| Recurring financial income | 75 | €92 | €3,480 | +€3,388 | +3682.6% |
| Financial charges | 65/66B | €5,984 | €5,066 | -€918 | -15.3% |
| Recurring financial charges | 65 | €5,984 | €5,066 | -€918 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,375 | €38,216 | +€48,591 | |
| Profit (loss) for the period | 9904 | -€10,375 | €38,216 | +€48,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,375 | €38,216 | +€48,591 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.