ELECTRO VANCOILLIE: 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 VANCOILLIE
Largest movements
- Current investments +€59,113
new in 2025: €59,113
- Receivables within one year +€32,230
up €32,230 (+25.0%), from €128,970 to €161,200
of which Trade receivables: +€45,195
- Cash -€10,303
down €10,303 (-8.0%), from €129,454 to €119,150
mainly Current investments (-€59,113) and Investment in fixed assets (net) (-€38,600)
- Reserves +€82,107
up €82,107 (+53.4%), from €153,879 to €235,986
of which Distributable reserves: +€82,107
- Trade debts -€25,154
down €25,154 (-49.1%), from €51,202 to €26,048
- Advances received +€25,000
new in 2025: €25,000
- Other debts -€22,826
down €22,826 (-100%), from €22,826 to €0
- Tax, wage and social debts +€20,361
up €20,361 (+131%), from €15,602 to €35,964
of which Taxes: +€20,074
- Gross operating margin +€44,394
up €44,394 (+23.0%), from €193,016 to €237,410
- Taxes +€10,166
up €10,166 (+35.0%), from €29,081 to €39,247
- Depreciation +€7,106
up €7,106 (+21.9%), from €32,441 to €39,547
- Staff costs +€4,107
up €4,107 (+6.2%), from €66,653 to €70,759
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 | €352,325 | €431,562 | +€79,237 | +22.5% |
| Fixed assets | 21/28 | €93,046 | €92,098 | -€948 | -1.0% |
| Tangible fixed assets | 22/27 | €93,046 | €92,098 | -€948 | -1.0% |
| Plant, machinery and equipment | 23 | €4,054 | €2,910 | -€1,143 | -28.2% |
| Furniture and vehicles | 24 | €56,568 | €73,339 | +€16,771 | +29.6% |
| Leasing and similar rights | 25 | €32,424 | €15,849 | -€16,575 | -51.1% |
| Current assets | 29/58 | €259,279 | €339,464 | +€80,184 | +30.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €128,970 | €161,200 | +€32,230 | +25.0% |
| Trade receivables | 40 | €74,622 | €119,817 | +€45,195 | +60.6% |
| Other amounts receivable | 41 | €54,349 | €41,383 | -€12,966 | -23.9% |
| Current investments | 50/53 | - | €59,113 | +€59,113 | |
| Cash at bank and in hand | 54/58 | €129,454 | €119,150 | -€10,303 | -8.0% |
| Deferred charges and accrued income | 490/1 | €855 | €0 | -€855 | -100% |
| Total equity and liabilities | 10/49 | €352,325 | €431,562 | +€79,237 | +22.5% |
| Equity | 10/15 | €161,879 | €243,986 | +€82,107 | +50.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €153,879 | €235,986 | +€82,107 | +53.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €153,879 | €235,986 | +€82,107 | +53.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,446 | €187,576 | -€2,871 | -1.5% |
| Amounts payable after more than one year | 17 | €44,907 | €27,562 | -€17,345 | -38.6% |
| Financial debts | 170/4 | €44,907 | €27,562 | -€17,345 | -38.6% |
| Amounts payable within one year | 42/48 | €145,540 | €160,014 | +€14,474 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €30,909 | €36,944 | +€6,035 | +19.5% |
| Financial debts | 43 | €25,000 | €36,058 | +€11,058 | +44.2% |
| Credit institutions | 430/8 | €25,000 | €36,058 | +€11,058 | +44.2% |
| Trade debts | 44 | €51,202 | €26,048 | -€25,154 | -49.1% |
| Suppliers | 440/4 | €51,202 | €26,048 | -€25,154 | -49.1% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €15,602 | €35,964 | +€20,361 | +131% |
| Taxes | 450/3 | €9,323 | €29,397 | +€20,074 | +215% |
| Remuneration and social security | 454/9 | €6,279 | €6,567 | +€288 | +4.6% |
| Other amounts payable | 47/48 | €22,826 | €0 | -€22,826 | -100% |
| Non-recurring operating income | 76A | €0 | €11,064 | +€11,064 | |
| Remuneration, social security and pensions | 62 | €66,653 | €70,759 | +€4,107 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,441 | €39,547 | +€7,106 | +21.9% |
| Other operating charges | 640/8 | €1,007 | €1,117 | +€109 | +10.9% |
| Gross operating margin | 9900 | €193,016 | €237,410 | +€44,394 | +23.0% |
| Operating profit (loss) | 9901 | €92,915 | €125,987 | +€33,072 | +35.6% |
| Financial income | 75/76B | €3,567 | €2,608 | -€959 | -26.9% |
| Recurring financial income | 75 | €3,567 | €2,608 | -€959 | -26.9% |
| Financial charges | 65/66B | €8,001 | €7,240 | -€761 | -9.5% |
| Recurring financial charges | 65 | €8,001 | €7,240 | -€761 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €88,481 | €121,354 | +€32,873 | +37.2% |
| Income taxes | 67/77 | €29,081 | €39,247 | +€10,166 | +35.0% |
| Profit (loss) for the period | 9904 | €59,400 | €82,107 | +€22,707 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,400 | €82,107 | +€22,707 | +38.2% |
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 31 October 2026 via checked.be.