ELEK VDS: what changed
What changed
ELEK VDS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€11,270
2024 · €24,136-€12,866
Equity
€173,704
2024 · €163,268+€10,437
Cash
€55,300
2024 · €26,048+€29,252
Balance sheet total
€745,480
2024 · €713,411+€32,069
Largest movements
Assets
- Cash +€29,252
up €29,252 (+112%), from €26,048 to €55,300
mainly Trade debts (+€48,042) and Depreciation (+€28,716)
- Stocks and contracts +€23,155
up €23,155 (+526%), from €4,404 to €27,559
- Tangible fixed assets -€22,829
down €22,829 (-4.0%), from €564,093 to €541,264
of which Land and buildings: -€16,116
Equity and liabilities
- Trade debts +€48,042
up €48,042 (+87.6%), from €54,854 to €102,896
- Debts after one year -€31,621
down €31,621 (-7.5%), from €423,917 to €392,297
- Current portion of long-term debt +€12,704
up €12,704 (+30.3%), from €41,979 to €54,683
- Reserves +€10,430
up €10,430 (+6.8%), from €153,230 to €163,660
Income statement
- Gross operating margin -€35,220
down €35,220 (-19.1%), from €184,741 to €149,521
- Staff costs -€14,533
down €14,533 (-15.0%), from €96,936 to €82,403
- Depreciation -€6,183
down €6,183 (-17.7%), from €34,899 to €28,716
- Taxes -€2,040
down €2,040 (-32.7%), from €6,245 to €4,206
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
€24,136
Gross operating margin
-€35,220
Staff costs
+€14,533
Depreciation
+€6,183
Other operating charges
-€187
Financial income
+€283
Financial charges
-€497
Taxes
+€2,040
Result 2025
€11,270
raises the resultlowers the result
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
+€54,889
Investment
-€5,887
Financing
-€19,749
Cash 2024
€26,048
From operations (derived)
+€54,889
Net result for the year
+€11,270
Depreciation
+€28,716
Stocks and contracts
-€23,155
Receivables within one year
-€1,271
Deferred charges and accrued income
-€1,219
Trade debts
+€48,042
Tax, wage and social debts
-€4,945
Advances received
+€1,000
Other debts
-€3,653
Accrued charges and deferred income
+€104
Investment (derived)
-€5,887
Investment in fixed assets (net)
-€5,887
Financing
-€19,749
Debts after one year
-€31,621
Current portion of long-term debt
+€12,704
Contributions, distributions and other
-€833
Cash 2025
€55,300
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €713,411 | €745,480 | +€32,069 | +4.5% |
| Fixed assets | 21/28 | €564,298 | €541,469 | -€22,829 | -4.0% |
| Tangible fixed assets | 22/27 | €564,093 | €541,264 | -€22,829 | -4.0% |
| Land and buildings | 22 | €514,404 | €498,287 | -€16,116 | -3.1% |
| Plant, machinery and equipment | 23 | €13,839 | €11,245 | -€2,594 | -18.7% |
| Furniture and vehicles | 24 | €35,850 | €31,731 | -€4,119 | -11.5% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €149,113 | €204,011 | +€54,898 | +36.8% |
| Stocks and contracts in progress | 3 | €4,404 | €27,559 | +€23,155 | +526% |
| Stocks | 30/36 | €4,404 | €27,559 | +€23,155 | +526% |
| Amounts receivable within one year | 40/41 | €116,169 | €117,440 | +€1,271 | +1.1% |
| Trade receivables | 40 | €96,294 | €98,767 | +€2,474 | +2.6% |
| Other amounts receivable | 41 | €19,875 | €18,673 | -€1,202 | -6.1% |
| Cash at bank and in hand | 54/58 | €26,048 | €55,300 | +€29,252 | +112% |
| Deferred charges and accrued income | 490/1 | €2,492 | €3,711 | +€1,219 | +48.9% |
| Total equity and liabilities | 10/49 | €713,411 | €745,480 | +€32,069 | +4.5% |
| Equity | 10/15 | €163,268 | €173,704 | +€10,437 | +6.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €153,230 | €163,660 | +€10,430 | +6.8% |
| Distributable reserves | 133 | €153,230 | €163,660 | +€10,430 | +6.8% |
| Profit (loss) carried forward | 14 | €38 | €44 | +€7 | +18.0% |
| Amounts payable | 17/49 | €550,143 | €571,775 | +€21,632 | +3.9% |
| Amounts payable after more than one year | 17 | €423,917 | €392,297 | -€31,621 | -7.5% |
| Financial debts | 170/4 | €423,917 | €392,297 | -€31,621 | -7.5% |
| Amounts payable within one year | 42/48 | €124,452 | €177,601 | +€53,149 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €41,979 | €54,683 | +€12,704 | +30.3% |
| Trade debts | 44 | €54,854 | €102,896 | +€48,042 | +87.6% |
| Suppliers | 440/4 | €54,854 | €102,896 | +€48,042 | +87.6% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €21,233 | €16,289 | -€4,945 | -23.3% |
| Taxes | 450/3 | €10,290 | €3,905 | -€6,385 | -62.1% |
| Remuneration and social security | 454/9 | €10,943 | €12,384 | +€1,441 | +13.2% |
| Other amounts payable | 47/48 | €6,386 | €2,734 | -€3,653 | -57.2% |
| Accrued charges and deferred income | 492/3 | €1,774 | €1,878 | +€104 | +5.9% |
| Remuneration, social security and pensions | 62 | €96,936 | €82,403 | -€14,533 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,899 | €28,716 | -€6,183 | -17.7% |
| Other operating charges | 640/8 | €4,207 | €4,394 | +€187 | +4.4% |
| Gross operating margin | 9900 | €184,741 | €149,521 | -€35,220 | -19.1% |
| Operating profit (loss) | 9901 | €48,699 | €34,007 | -€14,691 | -30.2% |
| Financial income | 75/76B | €0 | €283 | +€283 | +88,294% |
| Recurring financial income | 75 | €0 | €283 | +€283 | +88,294% |
| Financial charges | 65/66B | €18,318 | €18,815 | +€497 | +2.7% |
| Recurring financial charges | 65 | €18,318 | €18,815 | +€497 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €30,381 | €15,476 | -€14,906 | -49.1% |
| Income taxes | 67/77 | €6,245 | €4,206 | -€2,040 | -32.7% |
| Profit (loss) for the period | 9904 | €24,136 | €11,270 | -€12,866 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,136 | €11,270 | -€12,866 | -53.3% |
Next steps
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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.