ELECTRO VEREECKE: 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 VEREECKE
Largest movements
- Tangible fixed assets +€912,447
up €912,447 (+732.8%), from €124,509 to €1.0m
of which Land and buildings: +€918,478
- Cash -€314,622
down €314,622 (-85.4%), from €368,251 to €53,629
mainly Investment in fixed assets (net) (-€1.0m) and Receivables within one year (-€123,246)
- Receivables within one year +€123,246
up €123,246 (+16.9%), from €730,563 to €853,809
of which Other amounts receivable: +€99,423
- Debts after one year +€700,000
new in 2025: €700,000
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Reserves -€34,136
down €34,136 (-3.8%), from €909,363 to €875,227
of which Distributable reserves: -€33,542
- Depreciation +€119,177
up €119,177 (+940.5%), from €12,671 to €131,848
- Financial income +€50,855
up €50,855 (+335.1%), from €15,178 to €66,033
- Taxes -€14,890
down €14,890 (-97.9%), from €15,204 to €314
- Gross operating margin -€6,200
down €6,200 (-12.9%), from €48,043 to €41,843
- Other operating charges +€2,724
up €2,724 (+54.0%), from €5,049 to €7,772
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 | €1,400,405 | €2,114,394 | +€713,989 | +51.0% |
| Fixed assets | 21/28 | €131,591 | €1,036,956 | +€905,365 | +688.0% |
| Tangible fixed assets | 22/27 | €124,509 | €1,036,956 | +€912,447 | +732.8% |
| Land and buildings | 22 | €107,428 | €1,025,905 | +€918,478 | +855.0% |
| Plant, machinery and equipment | 23 | €12,824 | €11,051 | -€1,773 | -13.8% |
| Furniture and vehicles | 24 | €4,257 | €0 | -€4,257 | -100.0% |
| Financial fixed assets | 28 | €7,082 | €0 | -€7,082 | -100.0% |
| Current assets | 29/58 | €1,268,814 | €1,077,438 | -€191,376 | -15.1% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €730,563 | €853,809 | +€123,246 | +16.9% |
| Trade receivables | 40 | €255,850 | €279,673 | +€23,823 | +9.3% |
| Other amounts receivable | 41 | €474,713 | €574,136 | +€99,423 | +20.9% |
| Cash at bank and in hand | 54/58 | €368,251 | €53,629 | -€314,622 | -85.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,400,405 | €2,114,394 | +€713,989 | +51.0% |
| Equity | 10/15 | €927,955 | €893,819 | -€34,136 | -3.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €909,363 | €875,227 | -€34,136 | -3.8% |
| Tax-exempt reserves | 132 | €289,125 | €288,531 | -€594 | -0.2% |
| Distributable reserves | 133 | €620,238 | €586,696 | -€33,542 | -5.4% |
| Provisions and deferred taxes | 16 | €125,073 | €124,875 | -€198 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €28,698 | €28,698 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,698 | €28,698 | = | 0.0% |
| Deferred taxes | 168 | €96,375 | €96,177 | -€198 | -0.2% |
| Amounts payable | 17/49 | €347,376 | €1,095,700 | +€748,323 | +215.4% |
| Amounts payable after more than one year | 17 | - | €700,000 | +€700,000 | |
| Financial debts | 170/4 | - | €700,000 | +€700,000 | |
| Amounts payable within one year | 42/48 | €347,376 | €395,700 | +€48,323 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €332,172 | €329,936 | -€2,236 | -0.7% |
| Suppliers | 440/4 | €332,172 | €329,936 | -€2,236 | -0.7% |
| Taxes, remuneration and social security | 45 | €15,204 | €15,764 | +€559 | +3.7% |
| Taxes | 450/3 | €15,204 | €15,764 | +€559 | +3.7% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,671 | €131,848 | +€119,177 | +940.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,098 | -€2,098 | |
| Other operating charges | 640/8 | €5,049 | €7,772 | +€2,724 | +54.0% |
| Non-recurring operating charges | 66A | - | €2,966 | +€2,966 | |
| Gross operating margin | 9900 | €48,043 | €41,843 | -€6,200 | -12.9% |
| Operating profit (loss) | 9901 | €30,324 | -€98,645 | -€128,969 | |
| Financial income | 75/76B | €15,178 | €66,033 | +€50,855 | +335.1% |
| Recurring financial income | 75 | €15,178 | €66,033 | +€50,855 | +335.1% |
| Financial charges | 65/66B | €698 | €1,408 | +€709 | +101.6% |
| Recurring financial charges | 65 | €698 | €1,408 | +€709 | +101.6% |
| Profit (loss) for the period before taxes | 9903 | €44,803 | -€34,020 | -€78,823 | |
| Transfer from deferred taxes | 780 | - | €198 | +€198 | |
| Income taxes | 67/77 | €15,204 | €314 | -€14,890 | -97.9% |
| Profit (loss) for the period | 9904 | €29,599 | -€34,136 | -€63,735 | |
| Transfer from tax-exempt reserves | 789 | - | €594 | +€594 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,599 | -€33,542 | -€63,141 |
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 12 October 2026 via checked.be.