ELECTRO - VERBEKE: what changed
What changed
ELECTRO - VERBEKE
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€527,482
2024 · €471,515+€55,967
Equity
€2.8m
2024 · €2.2m+€527,482
Cash
€188,855
2024 · €116,858+€71,996
Balance sheet total
€3.5m
2024 · €3.1m+€438,595
Largest movements
Assets
- Receivables within one year +€499,821
up €499,821 (+19.8%), from €2.5m to €3.0m
of which Trade receivables: +€272,333
- Stocks and contracts -€158,655
down €158,655 (-41.1%), from €386,151 to €227,497
of which Contracts in progress: -€116,978
- Cash +€71,996
up €71,996 (+61.6%), from €116,858 to €188,855
mainly Net result for the year (+€527,482) and Stocks and contracts (+€158,655)
Equity and liabilities
- Profit (loss) carried forward +€527,482
up €527,482 (+41.7%), from €1.3m to €1.8m
- Advances received -€57,218
down €57,218 (-46.0%), from €124,292 to €67,074
Income statement
- Goods and materials -€807,584
down €807,584 (-22.2%), from €3.6m to €2.8m
of which Purchases: -€804,305
- Turnover -€421,151
down €421,151 (-7.3%), from €5.8m to €5.4m
- Other operating income +€121,781
up €121,781 (+207%), from €58,778 to €180,559
- Services and other goods +€96,487
up €96,487 (+17.9%), from €538,868 to €635,356
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€471,515
Turnover
-€421,151
Other operating income
+€121,781
Goods and materials
+€807,584
Services and other goods
-€96,487
Staff costs
-€56,993
Depreciation
-€7,147
Other operating charges
+€2,581
Other operating items
-€240,014
Financial income
-€17,081
Financial charges
-€6,547
Taxes
-€30,559
Result 2025
€527,482
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€126,187
Investment
-€54,191
Financing
€0
Cash 2024
€116,858
From operations (derived)
+€126,187
Net result for the year
+€527,482
Depreciation
+€35,977
Stocks and contracts
+€158,655
Receivables within one year
-€499,821
Deferred charges and accrued income
-€7,219
Trade debts
-€33,271
Tax, wage and social debts
+€9,156
Advances received
-€57,218
Accrued charges and deferred income
-€7,554
Investment (derived)
-€54,191
Investment in fixed assets (net)
-€54,191
Cash 2025
€188,855
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,100,406 | €3,539,001 | +€438,595 | +14.1% |
| Fixed assets | 21/28 | €69,971 | €88,185 | +€18,214 | +26.0% |
| Intangible fixed assets | 21 | - | €33,468 | +€33,468 | |
| Tangible fixed assets | 22/27 | €69,971 | €54,717 | -€15,254 | -21.8% |
| Plant, machinery and equipment | 23 | €23,280 | €26,964 | +€3,684 | +15.8% |
| Furniture and vehicles | 24 | €45,366 | €26,869 | -€18,497 | -40.8% |
| Leasing and similar rights | 25 | €1,325 | €884 | -€442 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €3,030,435 | €3,450,817 | +€420,381 | +13.9% |
| Stocks and contracts in progress | 3 | €386,151 | €227,497 | -€158,655 | -41.1% |
| Stocks | 30/36 | €260,583 | €218,906 | -€41,677 | -16.0% |
| Goods purchased for resale | 34 | €260,583 | €218,906 | -€41,677 | -16.0% |
| Contracts in progress | 37 | €125,568 | €8,590 | -€116,978 | -93.2% |
| Amounts receivable within one year | 40/41 | €2,523,779 | €3,023,600 | +€499,821 | +19.8% |
| Trade receivables | 40 | €683,978 | €956,311 | +€272,333 | +39.8% |
| Other amounts receivable | 41 | €1,839,801 | €2,067,289 | +€227,488 | +12.4% |
| Cash at bank and in hand | 54/58 | €116,858 | €188,855 | +€71,996 | +61.6% |
| Deferred charges and accrued income | 490/1 | €3,647 | €10,866 | +€7,219 | +198% |
| Total equity and liabilities | 10/49 | €3,100,406 | €3,539,001 | +€438,595 | +14.1% |
| Equity | 10/15 | €2,223,420 | €2,750,902 | +€527,482 | +23.7% |
| Contributions | 10/11 | €93,175 | €93,175 | = | 0.0% |
| Capital | 10 | €93,175 | €93,175 | = | 0.0% |
| Issued capital | 100 | €93,175 | €93,175 | = | 0.0% |
| Reserves | 13 | €865,864 | €865,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,100 | €24,100 | = | 0.0% |
| Legal reserve | 130 | €9,318 | €9,318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,782 | €14,782 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,542 | €23,542 | = | 0.0% |
| Distributable reserves | 133 | €818,222 | €818,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,264,381 | €1,791,863 | +€527,482 | +41.7% |
| Amounts payable | 17/49 | €876,986 | €788,100 | -€88,887 | -10.1% |
| Amounts payable within one year | 42/48 | €820,264 | €738,931 | -€81,333 | -9.9% |
| Trade debts | 44 | €479,942 | €446,671 | -€33,271 | -6.9% |
| Suppliers | 440/4 | €479,942 | €446,671 | -€33,271 | -6.9% |
| Advances received on contracts in progress | 46 | €124,292 | €67,074 | -€57,218 | -46.0% |
| Taxes, remuneration and social security | 45 | €216,030 | €225,186 | +€9,156 | +4.2% |
| Taxes | 450/3 | €134,919 | €127,927 | -€6,992 | -5.2% |
| Remuneration and social security | 454/9 | €81,111 | €97,259 | +€16,148 | +19.9% |
| Accrued charges and deferred income | 492/3 | €56,723 | €49,169 | -€7,554 | -13.3% |
| Operating income | 70/76A | €5,989,331 | €5,449,946 | -€539,385 | -9.0% |
| Turnover | 70 | €5,807,021 | €5,385,870 | -€421,151 | -7.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €114,441 | -€116,978 | -€231,419 | |
| Other operating income | 74 | €58,778 | €180,559 | +€121,781 | +207% |
| Non-recurring operating income | 76A | €9,091 | €496 | -€8,595 | -94.5% |
| Operating charges | 60/66A | €5,394,089 | €4,744,551 | -€649,538 | -12.0% |
| Goods for resale, raw materials and consumables | 60 | €3,633,245 | €2,825,661 | -€807,584 | -22.2% |
| Purchases | 600/8 | €3,588,289 | €2,783,985 | -€804,305 | -22.4% |
| Change in stocks: decrease (increase) | 609 | €44,956 | €41,677 | -€3,279 | -7.3% |
| Services and other goods | 61 | €538,868 | €635,356 | +€96,487 | +17.9% |
| Remuneration, social security and pensions | 62 | €1,188,898 | €1,245,891 | +€56,993 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,830 | €35,977 | +€7,147 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,247 | €1,666 | -€2,581 | -60.8% |
| Operating profit (loss) | 9901 | €595,242 | €705,395 | +€110,153 | +18.5% |
| Financial income | 75/76B | €55,324 | €38,244 | -€17,081 | -30.9% |
| Recurring financial income | 75 | €55,324 | €38,244 | -€17,081 | -30.9% |
| Income from current assets | 751 | €45,651 | €31,991 | -€13,660 | -29.9% |
| Other financial income | 752/9 | €9,674 | €6,253 | -€3,421 | -35.4% |
| Financial charges | 65/66B | €10,854 | €17,401 | +€6,547 | +60.3% |
| Recurring financial charges | 65 | €10,854 | €17,401 | +€6,547 | +60.3% |
| Other financial charges | 652/9 | €10,854 | €17,401 | +€6,547 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €639,712 | €726,238 | +€86,526 | +13.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €168,197 | €198,756 | +€30,559 | +18.2% |
| Taxes | 670/3 | €168,197 | €198,756 | +€30,559 | +18.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €471,515 | €527,482 | +€55,967 | +11.9% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €471,515 | €527,482 | +€55,967 | +11.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.