ELECTRO VERDONCK: 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 VERDONCK
Largest movements
- Cash -€86,703
down €86,703 (-38.7%), from €224,119 to €137,417
mainly Investment in fixed assets (net) (-€106,877) and Stocks and contracts (-€23,412)
- Tangible fixed assets +€66,147
up €66,147 (+161%), from €41,136 to €107,283
- Stocks and contracts +€23,412
up €23,412 (+14.0%), from €167,491 to €190,903
- Receivables within one year -€6,317
down €6,317 (-8.4%), from €75,581 to €69,263
of which Trade receivables: -€11,596
- Reserves -€12,458
down €12,458 (-3.1%), from €404,606 to €392,149
of which Distributable reserves: -€12,458
- Trade debts +€10,643
up €10,643 (+49.5%), from €21,492 to €32,135
- Depreciation +€19,104
up €19,104 (+88.3%), from €21,626 to €40,730
- Staff costs +€4,507
up €4,507 (+4.5%), from €99,337 to €103,845
- Taxes -€3,662
down €3,662 (-88.1%), from €4,157 to €495
- Gross operating margin +€2,359
up €2,359 (+1.8%), from €130,561 to €132,920
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,531 | €515,640 | -€891 | -0.2% |
| Fixed assets | 21/28 | €41,136 | €107,283 | +€66,147 | +161% |
| Tangible fixed assets | 22/27 | €41,136 | €107,283 | +€66,147 | +161% |
| Furniture and vehicles | 24 | €41,136 | €107,283 | +€66,147 | +161% |
| Current assets | 29/58 | €475,395 | €408,357 | -€67,038 | -14.1% |
| Stocks and contracts in progress | 3 | €167,491 | €190,903 | +€23,412 | +14.0% |
| Stocks | 30/36 | €167,491 | €190,903 | +€23,412 | +14.0% |
| Amounts receivable within one year | 40/41 | €75,581 | €69,263 | -€6,317 | -8.4% |
| Trade receivables | 40 | €25,605 | €14,009 | -€11,596 | -45.3% |
| Other amounts receivable | 41 | €49,975 | €55,254 | +€5,279 | +10.6% |
| Cash at bank and in hand | 54/58 | €224,119 | €137,417 | -€86,703 | -38.7% |
| Deferred charges and accrued income | 490/1 | €8,204 | €10,774 | +€2,570 | +31.3% |
| Total equity and liabilities | 10/49 | €516,531 | €515,640 | -€891 | -0.2% |
| Equity | 10/15 | €466,606 | €454,149 | -€12,458 | -2.7% |
| 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 | €404,606 | €392,149 | -€12,458 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €398,406 | €385,949 | -€12,458 | -3.1% |
| Amounts payable | 17/49 | €49,925 | €61,491 | +€11,566 | +23.2% |
| Amounts payable within one year | 42/48 | €48,612 | €59,609 | +€10,997 | +22.6% |
| Financial debts | 43 | €2,597 | €2,580 | -€17 | -0.7% |
| Credit institutions | 430/8 | €2,597 | €2,580 | -€17 | -0.7% |
| Trade debts | 44 | €21,492 | €32,135 | +€10,643 | +49.5% |
| Suppliers | 440/4 | €21,492 | €32,135 | +€10,643 | +49.5% |
| Taxes, remuneration and social security | 45 | €24,523 | €24,894 | +€371 | +1.5% |
| Taxes | 450/3 | €8,734 | €8,533 | -€202 | -2.3% |
| Remuneration and social security | 454/9 | €15,789 | €16,361 | +€573 | +3.6% |
| Accrued charges and deferred income | 492/3 | €1,313 | €1,882 | +€569 | +43.3% |
| Remuneration, social security and pensions | 62 | €99,337 | €103,845 | +€4,507 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,626 | €40,730 | +€19,104 | +88.3% |
| Other operating charges | 640/8 | €4,127 | €4,399 | +€271 | +6.6% |
| Gross operating margin | 9900 | €130,561 | €132,920 | +€2,359 | +1.8% |
| Operating profit (loss) | 9901 | €5,470 | -€16,054 | -€21,524 | |
| Financial income | 75/76B | €9,380 | €9,210 | -€170 | -1.8% |
| Recurring financial income | 75 | €9,380 | €9,210 | -€170 | -1.8% |
| Financial charges | 65/66B | €4,918 | €5,119 | +€200 | +4.1% |
| Recurring financial charges | 65 | €4,918 | €5,119 | +€200 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €9,932 | -€11,962 | -€21,894 | |
| Income taxes | 67/77 | €4,157 | €495 | -€3,662 | -88.1% |
| Profit (loss) for the period | 9904 | €5,775 | -€12,458 | -€18,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,775 | -€12,458 | -€18,233 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.