Electro VDW: 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 VDW
Largest movements
- Receivables within one year +€54,173
up €54,173 (+117.3%), from €46,170 to €100,343
of which Other amounts receivable: +€51,088
- Tangible fixed assets -€41,492
down €41,492 (-58.8%), from €70,532 to €29,040
of which Furniture and vehicles: -€41,283
- Cash -€11,889
down €11,889 (-70.6%), from €16,840 to €4,952
mainly Receivables within one year (-€54,173) and Advances received (-€14,839)
- Trade debts +€24,238
up €24,238 (+522.0%), from €4,644 to €28,882
- Advances received -€14,839
no longer reported in 2025 (was €14,839)
- Profit (loss) carried forward +€11,488
up €11,488 (+24.9%), from €46,145 to €57,633
- Debts after one year -€9,600
down €9,600 (-29.2%), from €32,881 to €23,281
- Current portion of long-term debt -€6,365
down €6,365 (-39.9%), from €15,965 to €9,600
- Depreciation -€19,529
down €19,529 (-98.3%), from €19,866 to €337
- Other operating charges +€11,628
up €11,628 (+970.1%), from €1,199 to €12,826
- Taxes +€5,270
up €5,270 (+236.5%), from €2,228 to €7,498
- Financial income +€1,280
new in 2025: €1,280
- Financial charges -€605
down €605 (-26.2%), from €2,313 to €1,707
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 | €133,543 | €134,335 | +€792 | +0.6% |
| Fixed assets | 21/28 | €70,532 | €29,040 | -€41,492 | -58.8% |
| Tangible fixed assets | 22/27 | €70,532 | €29,040 | -€41,492 | -58.8% |
| Plant, machinery and equipment | 23 | €495 | €285 | -€210 | -42.4% |
| Furniture and vehicles | 24 | €70,038 | €28,755 | -€41,283 | -58.9% |
| Current assets | 29/58 | €63,011 | €105,295 | +€42,284 | +67.1% |
| Amounts receivable within one year | 40/41 | €46,170 | €100,343 | +€54,173 | +117.3% |
| Trade receivables | 40 | €45,995 | €49,079 | +€3,085 | +6.7% |
| Other amounts receivable | 41 | €176 | €51,264 | +€51,088 | +29110.0% |
| Cash at bank and in hand | 54/58 | €16,840 | €4,952 | -€11,889 | -70.6% |
| Total equity and liabilities | 10/49 | €133,543 | €134,335 | +€792 | +0.6% |
| Equity | 10/15 | €49,145 | €60,633 | +€11,488 | +23.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,145 | €57,633 | +€11,488 | +24.9% |
| Amounts payable | 17/49 | €84,398 | €73,702 | -€10,696 | -12.7% |
| Amounts payable after more than one year | 17 | €32,881 | €23,281 | -€9,600 | -29.2% |
| Financial debts | 170/4 | €32,881 | €23,281 | -€9,600 | -29.2% |
| Amounts payable within one year | 42/48 | €51,516 | €50,420 | -€1,096 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,965 | €9,600 | -€6,365 | -39.9% |
| Trade debts | 44 | €4,644 | €28,882 | +€24,238 | +522.0% |
| Suppliers | 440/4 | €4,644 | €28,882 | +€24,238 | +522.0% |
| Advances received on contracts in progress | 46 | €14,839 | - | -€14,839 | |
| Taxes, remuneration and social security | 45 | €16,069 | €11,938 | -€4,131 | -25.7% |
| Taxes | 450/3 | €5,903 | €11,938 | +€6,035 | +102.2% |
| Remuneration and social security | 454/9 | €10,166 | - | -€10,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,866 | €337 | -€19,529 | -98.3% |
| Other operating charges | 640/8 | €1,199 | €12,826 | +€11,628 | +970.1% |
| Gross operating margin | 9900 | €33,181 | €32,576 | -€605 | -1.8% |
| Operating profit (loss) | 9901 | €12,117 | €19,413 | +€7,296 | +60.2% |
| Financial income | 75/76B | - | €1,280 | +€1,280 | |
| Recurring financial income | 75 | - | €1,280 | +€1,280 | |
| Financial charges | 65/66B | €2,313 | €1,707 | -€605 | -26.2% |
| Recurring financial charges | 65 | €2,313 | €1,707 | -€605 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €9,804 | €18,986 | +€9,182 | +93.7% |
| Income taxes | 67/77 | €2,228 | €7,498 | +€5,270 | +236.5% |
| Profit (loss) for the period | 9904 | €7,576 | €11,488 | +€3,912 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,576 | €11,488 | +€3,912 | +51.6% |
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 7 October 2026 via checked.be.