Electro VD: 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 VD
Largest movements
- Receivables within one year +€9,885
up €9,885 (+539%), from €1,832 to €11,717
of which Trade receivables: +€6,655
- Receivables after one year +€9,789
up €9,789 (+12.3%), from €79,872 to €89,661
- Stocks and contracts -€8,879
down €8,879 (-13.3%), from €66,903 to €58,024
- Tangible fixed assets -€8,397
down €8,397 (-2.7%), from €310,173 to €301,776
of which Furniture and vehicles: -€9,311
- Profit (loss) carried forward -€91,019
down €91,019 (-14.1%), from -€643,778 to -€734,798
- Other debts +€73,505
up €73,505 (+16.8%), from €437,592 to €511,098
- Trade debts +€19,929
up €19,929 (+156%), from €12,805 to €32,735
- Gross operating margin -€50,942
down €50,942, from €2,361 to -€48,580
- Financial income +€1,113
up €1,113 (+30.6%), from €3,633 to €4,746
- Depreciation +€596
up €596 (+5.3%), from €11,300 to €11,896
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 | €470,373 | €472,788 | +€2,415 | +0.5% |
| Fixed assets | 21/28 | €310,202 | €301,805 | -€8,397 | -2.7% |
| Tangible fixed assets | 22/27 | €310,173 | €301,776 | -€8,397 | -2.7% |
| Land and buildings | 22 | €268,712 | €268,324 | -€389 | -0.1% |
| Plant, machinery and equipment | 23 | €1,134 | €2,436 | +€1,302 | +115% |
| Furniture and vehicles | 24 | €40,327 | €31,016 | -€9,311 | -23.1% |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €160,171 | €170,983 | +€10,812 | +6.8% |
| Amounts receivable after more than one year | 29 | €79,872 | €89,661 | +€9,789 | +12.3% |
| Other amounts receivable | 291 | €79,872 | €89,661 | +€9,789 | +12.3% |
| Stocks and contracts in progress | 3 | €66,903 | €58,024 | -€8,879 | -13.3% |
| Stocks | 30/36 | €66,903 | €58,024 | -€8,879 | -13.3% |
| Amounts receivable within one year | 40/41 | €1,832 | €11,717 | +€9,885 | +539% |
| Trade receivables | 40 | - | €6,655 | +€6,655 | |
| Other amounts receivable | 41 | €1,832 | €5,062 | +€3,230 | +176% |
| Cash at bank and in hand | 54/58 | €7,970 | €7,015 | -€956 | -12.0% |
| Deferred charges and accrued income | 490/1 | €3,593 | €4,567 | +€974 | +27.1% |
| Total equity and liabilities | 10/49 | €470,373 | €472,788 | +€2,415 | +0.5% |
| Equity | 10/15 | €19,937 | -€71,083 | -€91,019 | |
| 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 | €601,715 | €601,715 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €576,926 | €576,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€643,778 | -€734,798 | -€91,019 | -14.1% |
| Amounts payable | 17/49 | €450,436 | €543,871 | +€93,435 | +20.7% |
| Amounts payable within one year | 42/48 | €450,436 | €543,871 | +€93,435 | +20.7% |
| Trade debts | 44 | €12,805 | €32,735 | +€19,929 | +156% |
| Suppliers | 440/4 | €12,805 | €32,735 | +€19,929 | +156% |
| Taxes, remuneration and social security | 45 | €38 | €38 | = | 0.0% |
| Taxes | 450/3 | €38 | €38 | = | 0.0% |
| Other amounts payable | 47/48 | €437,592 | €511,098 | +€73,505 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,300 | €11,896 | +€596 | +5.3% |
| Other operating charges | 640/8 | €33,849 | €34,199 | +€350 | +1.0% |
| Gross operating margin | 9900 | €2,361 | -€48,580 | -€50,942 | |
| Operating profit (loss) | 9901 | -€42,787 | -€94,676 | -€51,889 | -121% |
| Financial income | 75/76B | €3,633 | €4,746 | +€1,113 | +30.6% |
| Recurring financial income | 75 | €3,633 | €4,746 | +€1,113 | +30.6% |
| Financial charges | 65/66B | €1,235 | €907 | -€327 | -26.5% |
| Recurring financial charges | 65 | €1,235 | €907 | -€327 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,388 | -€90,837 | -€50,448 | -125% |
| Income taxes | 67/77 | €192 | €183 | -€9 | -4.6% |
| Profit (loss) for the period | 9904 | -€40,580 | -€91,019 | -€50,439 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,580 | -€91,019 | -€50,439 | -124% |
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 15 October 2026 via checked.be.