ELECTRO VAN ROYEN: 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.
ELECTRO VAN ROYEN
Largest movements
- Stocks and contracts +€164,092
up €164,092 (+596%), from €27,511 to €191,603
of which Contracts in progress: +€123,154
- Cash -€60,456
down €60,456 (-52.4%), from €115,416 to €54,960
mainly Stocks and contracts (-€164,092) and Receivables within one year (-€50,589)
- Receivables within one year +€50,589
up €50,589 (+67.4%), from €75,027 to €125,616
of which Trade receivables: +€39,139
- Tangible fixed assets -€36,463
down €36,463 (-36.3%), from €100,438 to €63,975
of which Furniture and vehicles: -€37,601
- Trade debts +€95,042
up €95,042 (+538%), from €17,654 to €112,696
- Reserves +€34,123
up €34,123 (+16.0%), from €213,397 to €247,520
- Debts after one year -€13,317
down €13,317 (-61.2%), from €21,760 to €8,444
of which Financial debts: -€13,317
- Gross operating margin +€120,887
up €120,887, from -€34,739 to €86,148
- Taxes +€3,379
up €3,379 (+735%), from €460 to €3,839
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 | €330,204 | €445,165 | +€114,961 | +34.8% |
| Fixed assets | 21/28 | €100,438 | €63,975 | -€36,463 | -36.3% |
| Tangible fixed assets | 22/27 | €100,438 | €63,975 | -€36,463 | -36.3% |
| Plant, machinery and equipment | 23 | €19,722 | €20,860 | +€1,138 | +5.8% |
| Furniture and vehicles | 24 | €80,717 | €43,115 | -€37,601 | -46.6% |
| Current assets | 29/58 | €229,766 | €381,190 | +€151,424 | +65.9% |
| Stocks and contracts in progress | 3 | €27,511 | €191,603 | +€164,092 | +596% |
| Stocks | 30/36 | €18,511 | €59,449 | +€40,938 | +221% |
| Contracts in progress | 37 | €9,000 | €132,154 | +€123,154 | +1,368% |
| Amounts receivable within one year | 40/41 | €75,027 | €125,616 | +€50,589 | +67.4% |
| Trade receivables | 40 | €61,435 | €100,573 | +€39,139 | +63.7% |
| Other amounts receivable | 41 | €13,593 | €25,043 | +€11,450 | +84.2% |
| Cash at bank and in hand | 54/58 | €115,416 | €54,960 | -€60,456 | -52.4% |
| Deferred charges and accrued income | 490/1 | €11,812 | €9,011 | -€2,801 | -23.7% |
| Total equity and liabilities | 10/49 | €330,204 | €445,165 | +€114,961 | +34.8% |
| Equity | 10/15 | €259,141 | €293,264 | +€34,123 | +13.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €213,397 | €247,520 | +€34,123 | +16.0% |
| Distributable reserves | 133 | €213,397 | €247,520 | +€34,123 | +16.0% |
| Profit (loss) carried forward | 14 | €10,744 | €10,744 | = | 0.0% |
| Amounts payable | 17/49 | €71,063 | €151,901 | +€80,838 | +114% |
| Amounts payable after more than one year | 17 | €21,760 | €8,444 | -€13,317 | -61.2% |
| Financial debts | 170/4 | €21,760 | €8,444 | -€13,317 | -61.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €49,303 | €143,458 | +€94,155 | +191% |
| Current portion of amounts payable after more than one year | 42 | €14,919 | €13,317 | -€1,602 | -10.7% |
| Financial debts | 43 | €3,509 | €3,488 | -€21 | -0.6% |
| Credit institutions | 430/8 | €3,509 | €3,488 | -€21 | -0.6% |
| Trade debts | 44 | €17,654 | €112,696 | +€95,042 | +538% |
| Suppliers | 440/4 | €17,654 | €112,696 | +€95,042 | +538% |
| Taxes, remuneration and social security | 45 | €9,015 | €6,398 | -€2,617 | -29.0% |
| Taxes | 450/3 | €9,015 | €6,398 | -€2,617 | -29.0% |
| Other amounts payable | 47/48 | €4,205 | €7,559 | +€3,353 | +79.7% |
| Non-recurring operating income | 76A | €3,000 | €620 | -€2,380 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,814 | €44,854 | +€40 | +0.1% |
| Other operating charges | 640/8 | €1,682 | €1,670 | -€12 | -0.7% |
| Non-recurring operating charges | 66A | €1,945 | €0 | -€1,945 | -100% |
| Gross operating margin | 9900 | -€34,739 | €86,148 | +€120,887 | |
| Operating profit (loss) | 9901 | -€83,180 | €39,624 | +€122,804 | |
| Financial income | 75/76B | €324 | €98 | -€226 | -69.8% |
| Recurring financial income | 75 | €324 | €98 | -€226 | -69.8% |
| Financial charges | 65/66B | €2,418 | €1,759 | -€659 | -27.2% |
| Recurring financial charges | 65 | €2,418 | €1,759 | -€659 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€85,274 | €37,962 | +€123,236 | |
| Income taxes | 67/77 | €460 | €3,839 | +€3,379 | +735% |
| Profit (loss) for the period | 9904 | -€85,734 | €34,123 | +€119,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,734 | €34,123 | +€119,857 |
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 17 October 2026 via checked.be.