ELECTRO VANPEE: 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 VANPEE
Largest movements
- Receivables within one year -€14,430
down €14,430 (-40.9%), from €35,269 to €20,839
of which Trade receivables: -€17,458
- Cash +€10,142
up €10,142 (+40.2%), from €25,208 to €35,350
mainly Depreciation (+€20,506) and Receivables within one year (+€14,430)
- Stocks and contracts +€3,506
up €3,506 (+6.8%), from €51,538 to €55,044
- Trade debts -€3,919
down €3,919 (-29.5%), from €13,284 to €9,364
- Other debts +€3,869
up €3,869 (+1256.0%), from €308 to €4,177
- Gross operating margin -€20,034
down €20,034 (-49.8%), from €40,242 to €20,209
- Taxes -€6,561
down €6,561 (-82.2%), from €7,977 to €1,416
- Depreciation +€2,872
up €2,872 (+16.3%), from €17,634 to €20,506
- Write-downs +€2,533
new in 2025: €2,533
- Other operating charges -€1,396
down €1,396 (-48.4%), from €2,887 to €1,491
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 | €165,519 | €165,077 | -€442 | -0.3% |
| Fixed assets | 21/28 | €53,494 | €52,599 | -€895 | -1.7% |
| Tangible fixed assets | 22/27 | €53,146 | €52,251 | -€895 | -1.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,114 | €361 | -€753 | -67.6% |
| Furniture and vehicles | 24 | €52,032 | €51,890 | -€142 | -0.3% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €112,025 | €112,478 | +€453 | +0.4% |
| Stocks and contracts in progress | 3 | €51,538 | €55,044 | +€3,506 | +6.8% |
| Stocks | 30/36 | €51,538 | €55,044 | +€3,506 | +6.8% |
| Amounts receivable within one year | 40/41 | €35,269 | €20,839 | -€14,430 | -40.9% |
| Trade receivables | 40 | €34,413 | €16,955 | -€17,458 | -50.7% |
| Other amounts receivable | 41 | €855 | €3,884 | +€3,028 | +354.0% |
| Cash at bank and in hand | 54/58 | €25,208 | €35,350 | +€10,142 | +40.2% |
| Deferred charges and accrued income | 490/1 | €11 | €1,245 | +€1,235 | +11548.3% |
| Total equity and liabilities | 10/49 | €165,519 | €165,077 | -€442 | -0.3% |
| Equity | 10/15 | €123,761 | €124,609 | +€848 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €61,761 | €62,609 | +€848 | +1.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €54,324 | €55,172 | +€848 | +1.6% |
| Amounts payable | 17/49 | €41,759 | €40,469 | -€1,290 | -3.1% |
| Amounts payable within one year | 42/48 | €41,759 | €40,469 | -€1,290 | -3.1% |
| Trade debts | 44 | €13,284 | €9,364 | -€3,919 | -29.5% |
| Suppliers | 440/4 | €13,284 | €9,364 | -€3,919 | -29.5% |
| Taxes, remuneration and social security | 45 | €28,167 | €26,928 | -€1,239 | -4.4% |
| Taxes | 450/3 | €28,167 | €20,928 | -€7,239 | -25.7% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €308 | €4,177 | +€3,869 | +1256.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,634 | €20,506 | +€2,872 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,533 | +€2,533 | |
| Other operating charges | 640/8 | €2,887 | €1,491 | -€1,396 | -48.4% |
| Gross operating margin | 9900 | €40,242 | €20,209 | -€20,034 | -49.8% |
| Operating profit (loss) | 9901 | €19,722 | -€4,321 | -€24,043 | |
| Financial income | 75/76B | €7,738 | €7,085 | -€654 | -8.4% |
| Recurring financial income | 75 | €7,738 | €7,085 | -€654 | -8.4% |
| Financial charges | 65/66B | €1,305 | €499 | -€805 | -61.7% |
| Recurring financial charges | 65 | €1,305 | €499 | -€805 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €26,156 | €2,264 | -€23,891 | -91.3% |
| Income taxes | 67/77 | €7,977 | €1,416 | -€6,561 | -82.2% |
| Profit (loss) for the period | 9904 | €18,178 | €848 | -€17,330 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,178 | €848 | -€17,330 | -95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.