Electro Vanackere: what changed
What changed
Electro Vanackere
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€26,903
2024 · €160,192-€133,289
Equity
€1.4m
2024 · €1.0m+€398,903
Cash
€342,297
2024 · €183,432+€158,865
Balance sheet total
€2.8m
2024 · €2.3m+€536,493
Largest movements
Assets
- Tangible fixed assets +€607,511
up €607,511 (+39.2%), from €1.6m to €2.2m
of which Land and buildings: +€652,706
- Financial fixed assets -€250,000
down €250,000 (-100.0%), from €250,025 to €25
- Cash +€158,865
up €158,865 (+86.6%), from €183,432 to €342,297
mainly Contributions, distributions and other (+€372,000) and Debts after one year (+€110,700)
Equity and liabilities
- Contributions +€372,000
up €372,000 (+3,000%), from €12,400 to €384,400
- Debts after one year +€110,700
up €110,700 (+12.3%), from €899,353 to €1.0m
- Other debts +€52,510
up €52,510 (+27.9%), from €188,054 to €240,564
Income statement
- Gross operating margin -€194,966
down €194,966 (-29.0%), from €672,336 to €477,369
- Depreciation -€77,659
down €77,659 (-47.1%), from €165,055 to €87,396
- Taxes -€56,270
down €56,270 (-79.8%), from €70,512 to €14,241
- Financial charges +€41,359
up €41,359 (+91.2%), from €45,359 to €86,718
- Staff costs +€26,681
up €26,681 (+11.3%), from €235,980 to €262,661
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€160,192
Gross operating margin
-€194,966
Staff costs
-€26,681
Depreciation
+€77,659
Other operating charges
+€4,737
Financial income
-€8,949
Financial charges
-€41,359
Taxes
+€56,270
Result 2025
€26,903
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€106,748
Investment
-€444,907
Financing
+€497,025
Cash 2024
€183,432
From operations (derived)
+€106,748
Net result for the year
+€26,903
Depreciation
+€87,396
Stocks and contracts
-€17,801
Receivables within one year
-€2,162
Smaller working-capital items
+€596
Trade debts
+€8,938
Tax, wage and social debts
-€22,600
Advances received
-€27,032
Other debts
+€52,510
Investment (derived)
-€444,907
Investment in fixed assets (net)
-€444,907
Financing
+€497,025
Debts after one year
+€110,700
Current portion of long-term debt
+€14,301
Short-term financial debts
+€24
Contributions, distributions and other
+€372,000
Cash 2025
€342,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,312,692 | €2,849,185 | +€536,493 | +23.2% |
| Fixed assets | 21/28 | €1,800,930 | €2,158,442 | +€357,511 | +19.9% |
| Tangible fixed assets | 22/27 | €1,550,905 | €2,158,417 | +€607,511 | +39.2% |
| Land and buildings | 22 | €1,257,266 | €1,909,972 | +€652,706 | +51.9% |
| Plant, machinery and equipment | 23 | €10,542 | €11,685 | +€1,143 | +10.8% |
| Furniture and vehicles | 24 | €280,443 | €235,992 | -€44,451 | -15.9% |
| Other tangible fixed assets | 26 | €2,654 | €768 | -€1,886 | -71.1% |
| Financial fixed assets | 28 | €250,025 | €25 | -€250,000 | -100.0% |
| Current assets | 29/58 | €511,761 | €690,744 | +€178,982 | +35.0% |
| Stocks and contracts in progress | 3 | €110,775 | €128,577 | +€17,801 | +16.1% |
| Stocks | 30/36 | €110,775 | €86,077 | -€24,699 | -22.3% |
| Contracts in progress | 37 | - | €42,500 | +€42,500 | |
| Amounts receivable within one year | 40/41 | €216,082 | €218,244 | +€2,162 | +1.0% |
| Trade receivables | 40 | €179,690 | €157,894 | -€21,796 | -12.1% |
| Other amounts receivable | 41 | €36,392 | €60,350 | +€23,958 | +65.8% |
| Cash at bank and in hand | 54/58 | €183,432 | €342,297 | +€158,865 | +86.6% |
| Deferred charges and accrued income | 490/1 | €1,472 | €1,626 | +€154 | +10.4% |
| Total equity and liabilities | 10/49 | €2,312,692 | €2,849,185 | +€536,493 | +23.2% |
| Equity | 10/15 | €1,041,333 | €1,440,235 | +€398,903 | +38.3% |
| Contributions | 10/11 | €12,400 | €384,400 | +€372,000 | +3,000% |
| Reserves | 13 | €1,028,933 | €1,055,835 | +€26,903 | +2.6% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €923,683 | €950,585 | +€26,903 | +2.9% |
| Amounts payable | 17/49 | €1,271,359 | €1,408,950 | +€137,590 | +10.8% |
| Amounts payable after more than one year | 17 | €899,353 | €1,010,054 | +€110,700 | +12.3% |
| Financial debts | 170/4 | €899,353 | €1,010,054 | +€110,700 | +12.3% |
| Amounts payable within one year | 42/48 | €371,131 | €397,271 | +€26,140 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €89,999 | €104,300 | +€14,301 | +15.9% |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €8,406 | €17,344 | +€8,938 | +106% |
| Suppliers | 440/4 | €8,406 | €17,344 | +€8,938 | +106% |
| Advances received on contracts in progress | 46 | €27,032 | €0 | -€27,032 | -100% |
| Taxes, remuneration and social security | 45 | €57,640 | €35,040 | -€22,600 | -39.2% |
| Taxes | 450/3 | €37,847 | €3,945 | -€33,902 | -89.6% |
| Remuneration and social security | 454/9 | €19,792 | €31,095 | +€11,302 | +57.1% |
| Other amounts payable | 47/48 | €188,054 | €240,564 | +€52,510 | +27.9% |
| Accrued charges and deferred income | 492/3 | €875 | €1,625 | +€750 | +85.7% |
| Non-recurring operating income | 76A | €109,277 | €0 | -€109,277 | -100% |
| Remuneration, social security and pensions | 62 | €235,980 | €262,661 | +€26,681 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,055 | €87,396 | -€77,659 | -47.1% |
| Other operating charges | 640/8 | €17,488 | €12,751 | -€4,737 | -27.1% |
| Gross operating margin | 9900 | €672,336 | €477,369 | -€194,966 | -29.0% |
| Operating profit (loss) | 9901 | €253,813 | €114,562 | -€139,251 | -54.9% |
| Financial income | 75/76B | €22,250 | €13,301 | -€8,949 | -40.2% |
| Recurring financial income | 75 | €22,250 | €13,301 | -€8,949 | -40.2% |
| Financial charges | 65/66B | €45,359 | €86,718 | +€41,359 | +91.2% |
| Recurring financial charges | 65 | €45,359 | €86,718 | +€41,359 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €230,704 | €41,144 | -€189,559 | -82.2% |
| Income taxes | 67/77 | €70,512 | €14,241 | -€56,270 | -79.8% |
| Profit (loss) for the period | 9904 | €160,192 | €26,903 | -€133,289 | -83.2% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €0 | -€84,200 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €244,392 | €26,903 | -€217,489 | -89.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.