ELECTRO VANDEPUT: 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 VANDEPUT
Largest movements
- Cash -€52,897
down €52,897 (-27.4%), from €193,186 to €140,289
mainly Net result for the year (-€57,812) and Investment in fixed assets (net) (-€23,163)
- Receivables within one year -€34,780
down €34,780 (-18.2%), from €191,394 to €156,614
of which Other amounts receivable: -€21,622
- Reserves -€57,812
down €57,812 (-10.4%), from €554,384 to €496,572
- Other debts -€21,823
down €21,823 (-18.1%), from €120,350 to €98,527
- Trade debts +€21,440
up €21,440 (+17.3%), from €124,265 to €145,706
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Gross operating margin -€88,526
down €88,526 (-26.4%), from €334,830 to €246,303
- Staff costs +€14,376
up €14,376 (+5.6%), from €255,722 to €270,097
- Taxes -€14,014
down €14,014 (-94.1%), from €14,896 to €882
- Financial charges -€10,443
down €10,443 (-66.1%), from €15,794 to €5,350
- Other operating charges -€4,337
down €4,337 (-79.2%), from €5,477 to €1,140
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 | €909,888 | €820,025 | -€89,863 | -9.9% |
| Fixed assets | 21/28 | €125,414 | €122,644 | -€2,770 | -2.2% |
| Intangible fixed assets | 21 | €3,190 | - | -€3,190 | |
| Tangible fixed assets | 22/27 | €121,164 | €121,584 | +€420 | +0.3% |
| Plant, machinery and equipment | 23 | €16,852 | €18,294 | +€1,442 | +8.6% |
| Furniture and vehicles | 24 | €20,796 | €13,085 | -€7,711 | -37.1% |
| Other tangible fixed assets | 26 | €83,516 | €90,206 | +€6,690 | +8.0% |
| Financial fixed assets | 28 | €1,060 | €1,060 | = | 0.0% |
| Current assets | 29/58 | €784,474 | €697,381 | -€87,093 | -11.1% |
| Stocks and contracts in progress | 3 | €386,761 | €390,315 | +€3,554 | +0.9% |
| Stocks | 30/36 | €386,761 | €390,315 | +€3,554 | +0.9% |
| Amounts receivable within one year | 40/41 | €191,394 | €156,614 | -€34,780 | -18.2% |
| Trade receivables | 40 | €100,056 | €86,898 | -€13,158 | -13.2% |
| Other amounts receivable | 41 | €91,338 | €69,716 | -€21,622 | -23.7% |
| Cash at bank and in hand | 54/58 | €193,186 | €140,289 | -€52,897 | -27.4% |
| Deferred charges and accrued income | 490/1 | €13,133 | €10,163 | -€2,970 | -22.6% |
| Total equity and liabilities | 10/49 | €909,888 | €820,025 | -€89,863 | -9.9% |
| Equity | 10/15 | €560,584 | €502,772 | -€57,812 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €554,384 | €496,572 | -€57,812 | -10.4% |
| Distributable reserves | 133 | €554,384 | €496,572 | -€57,812 | -10.4% |
| Amounts payable | 17/49 | €349,304 | €317,253 | -€32,051 | -9.2% |
| Amounts payable after more than one year | 17 | €12,044 | €3,609 | -€8,434 | -70.0% |
| Financial debts | 170/4 | €12,044 | €3,609 | -€8,434 | -70.0% |
| Amounts payable within one year | 42/48 | €332,689 | €310,725 | -€21,964 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €8,122 | €8,434 | +€312 | +3.8% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €124,265 | €145,706 | +€21,440 | +17.3% |
| Suppliers | 440/4 | €124,265 | €145,706 | +€21,440 | +17.3% |
| Taxes, remuneration and social security | 45 | €64,952 | €58,059 | -€6,894 | -10.6% |
| Taxes | 450/3 | €23,245 | €16,520 | -€6,725 | -28.9% |
| Remuneration and social security | 454/9 | €41,707 | €41,539 | -€168 | -0.4% |
| Other amounts payable | 47/48 | €120,350 | €98,527 | -€21,823 | -18.1% |
| Accrued charges and deferred income | 492/3 | €4,570 | €2,918 | -€1,653 | -36.2% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €255,722 | €270,097 | +€14,376 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,617 | €25,933 | +€1,316 | +5.3% |
| Other operating charges | 640/8 | €5,477 | €1,140 | -€4,337 | -79.2% |
| Non-recurring operating charges | 66A | - | €6,000 | +€6,000 | |
| Gross operating margin | 9900 | €334,830 | €246,303 | -€88,526 | -26.4% |
| Operating profit (loss) | 9901 | €49,014 | -€56,867 | -€105,881 | |
| Financial income | 75/76B | €8,723 | €5,287 | -€3,435 | -39.4% |
| Recurring financial income | 75 | €8,723 | €5,287 | -€3,435 | -39.4% |
| Financial charges | 65/66B | €15,794 | €5,350 | -€10,443 | -66.1% |
| Recurring financial charges | 65 | €15,794 | €5,350 | -€10,443 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €41,943 | -€56,929 | -€98,873 | |
| Income taxes | 67/77 | €14,896 | €882 | -€14,014 | -94.1% |
| Profit (loss) for the period | 9904 | €27,047 | -€57,812 | -€84,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,047 | -€57,812 | -€84,859 |
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 24 October 2026 via checked.be.