ELECTRO VLEUGELS: 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.
What changed
ELECTRO VLEUGELS
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€314,916
2024 · €284,141+€30,775
Equity
€1.8m
2024 · €1.5m+€314,916
Cash
€602,636
2024 · €491,182+€111,455
Balance sheet total
€2.3m
2024 · €2.0m+€291,532
Largest movements
Assets
- Current investments +€153,182
up €153,182 (+13.7%), from €1.1m to €1.3m
- Cash +€111,455
up €111,455 (+22.7%), from €491,182 to €602,636
mainly Net result for the year (+€314,916) and Depreciation (+€22,587)
- Stocks and contracts +€31,004
up €31,004 (+42.1%), from €73,674 to €104,678
Equity and liabilities
- Reserves +€314,916
up €314,916 (+22.8%), from €1.4m to €1.7m
of which Distributable reserves: +€314,916
Income statement
- Financial income +€30,902
up €30,902 (+90.7%), from €34,068 to €64,970
- Gross operating margin +€26,278
up €26,278 (+5.2%), from €504,052 to €530,330
- Other operating charges +€10,738
up €10,738 (+167%), from €6,424 to €17,161
- Staff costs +€6,463
up €6,463 (+7.3%), from €88,649 to €95,112
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.
Result 2024
€284,141
Gross operating margin
+€26,278
Staff costs
-€6,463
Depreciation
-€3,159
Other operating charges
-€10,738
Financial income
+€30,902
Financial charges
-€1,720
Taxes
-€4,326
Result 2025
€314,916
raises the resultlowers the result
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.
From operations
+€266,612
Investment
-€155,157
Financing
€0
Cash 2024
€491,182
From operations (derived)
+€266,612
Net result for the year
+€314,916
Depreciation
+€22,587
Stocks and contracts
-€31,004
Receivables within one year
-€6,912
Deferred charges and accrued income
-€9,591
Trade debts
-€15,392
Tax, wage and social debts
+€7,669
Advances received
+€1,880
Other debts
-€17,667
Accrued charges and deferred income
+€126
Investment (derived)
-€155,157
Investment in fixed assets (net)
-€1,975
Current investments
-€153,182
Cash 2025
€602,636
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,961,280 | €2,252,812 | +€291,532 | +14.9% |
| Fixed assets | 21/28 | €141,642 | €121,030 | -€20,612 | -14.6% |
| Tangible fixed assets | 22/27 | €141,642 | €121,030 | -€20,612 | -14.6% |
| Land and buildings | 22 | €98,773 | €86,704 | -€12,069 | -12.2% |
| Plant, machinery and equipment | 23 | €2,209 | €3,046 | +€836 | +37.9% |
| Furniture and vehicles | 24 | €40,660 | €31,281 | -€9,380 | -23.1% |
| Current assets | 29/58 | €1,819,638 | €2,131,782 | +€312,144 | +17.2% |
| Stocks and contracts in progress | 3 | €73,674 | €104,678 | +€31,004 | +42.1% |
| Stocks | 30/36 | €73,674 | €104,678 | +€31,004 | +42.1% |
| Amounts receivable within one year | 40/41 | €84,903 | €91,815 | +€6,912 | +8.1% |
| Trade receivables | 40 | €74,794 | €64,366 | -€10,428 | -13.9% |
| Other amounts receivable | 41 | €10,109 | €27,449 | +€17,340 | +172% |
| Current investments | 50/53 | €1,118,144 | €1,271,326 | +€153,182 | +13.7% |
| Cash at bank and in hand | 54/58 | €491,182 | €602,636 | +€111,455 | +22.7% |
| Deferred charges and accrued income | 490/1 | €51,736 | €61,327 | +€9,591 | +18.5% |
| Total equity and liabilities | 10/49 | €1,961,280 | €2,252,812 | +€291,532 | +14.9% |
| Equity | 10/15 | €1,490,163 | €1,805,080 | +€314,916 | +21.1% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €1,378,611 | €1,693,527 | +€314,916 | +22.8% |
| Non-distributable reserves | 130/1 | €32,205 | €32,205 | = | 0.0% |
| Legal reserve | 130 | €32,205 | €32,205 | = | 0.0% |
| Distributable reserves | 133 | €1,346,406 | €1,661,322 | +€314,916 | +23.4% |
| Amounts payable | 17/49 | €471,117 | €447,733 | -€23,384 | -5.0% |
| Amounts payable after more than one year | 17 | €111,552 | €111,552 | = | 0.0% |
| Financial debts | 170/4 | €111,552 | €111,552 | = | 0.0% |
| Amounts payable within one year | 42/48 | €359,539 | €336,029 | -€23,510 | -6.5% |
| Trade debts | 44 | €37,525 | €22,133 | -€15,392 | -41.0% |
| Suppliers | 440/4 | €37,525 | €22,133 | -€15,392 | -41.0% |
| Advances received on contracts in progress | 46 | €1,720 | €3,600 | +€1,880 | +109% |
| Taxes, remuneration and social security | 45 | €31,197 | €38,866 | +€7,669 | +24.6% |
| Taxes | 450/3 | €10,887 | €18,134 | +€7,247 | +66.6% |
| Remuneration and social security | 454/9 | €20,310 | €20,732 | +€422 | +2.1% |
| Other amounts payable | 47/48 | €289,097 | €271,430 | -€17,667 | -6.1% |
| Accrued charges and deferred income | 492/3 | €25 | €151 | +€126 | +498% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €88,649 | €95,112 | +€6,463 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,428 | €22,587 | +€3,159 | +16.3% |
| Other operating charges | 640/8 | €6,424 | €17,161 | +€10,738 | +167% |
| Gross operating margin | 9900 | €504,052 | €530,330 | +€26,278 | +5.2% |
| Operating profit (loss) | 9901 | €389,552 | €395,470 | +€5,918 | +1.5% |
| Financial income | 75/76B | €34,068 | €64,970 | +€30,902 | +90.7% |
| Recurring financial income | 75 | €34,068 | €64,970 | +€30,902 | +90.7% |
| Financial charges | 65/66B | €6,025 | €7,744 | +€1,720 | +28.5% |
| Recurring financial charges | 65 | €6,025 | €5,588 | -€436 | -7.2% |
| Non-recurring financial charges | 66B | - | €2,156 | +€2,156 | |
| Profit (loss) for the period before taxes | 9903 | €417,595 | €452,696 | +€35,101 | +8.4% |
| Income taxes | 67/77 | €133,453 | €137,780 | +€4,326 | +3.2% |
| Profit (loss) for the period | 9904 | €284,141 | €314,916 | +€30,775 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €284,141 | €314,916 | +€30,775 | +10.8% |
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 24 October 2026 via checked.be.