ELEKTRO J. VANDERSTEENE: what changed
ELEKTRO J. VANDERSTEENE
Largest movements
- Receivables within one year -€148,684
down €148,684 (-39.5%), from €376,068 to €227,384
of which Other amounts receivable: -€92,347
- Stocks and contracts +€45,812
up €45,812 (+268%), from €17,095 to €62,907
- Tangible fixed assets -€22,796
down €22,796 (-7.3%), from €311,328 to €288,533
of which Furniture and vehicles: -€14,495
- Cash +€16,860
up €16,860 (+105%), from €16,120 to €32,979
mainly Receivables within one year (+€148,684) and Net result for the year (+€31,201)
- Reserves -€89,644
down €89,644 (-18.8%), from €476,745 to €387,101
- Debts after one year -€27,448
down €27,448 (-15.5%), from €177,116 to €149,669
- Trade debts +€18,143
up €18,143 (+71.5%), from €25,366 to €43,509
- Staff costs +€28,228
up €28,228 (+104%), from €27,209 to €55,437
- Taxes -€13,349
down €13,349 (-58.0%), from €23,027 to €9,678
- Depreciation -€4,699
down €4,699 (-16.3%), from €28,878 to €24,179
- Financial income -€3,683
down €3,683 (-22.2%), from €16,577 to €12,894
- Financial charges +€2,496
up €2,496 (+46.1%), from €5,414 to €7,911
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,611 | €611,803 | -€108,808 | -15.1% |
| Fixed assets | 21/28 | €311,328 | €288,533 | -€22,796 | -7.3% |
| Tangible fixed assets | 22/27 | €311,328 | €288,533 | -€22,796 | -7.3% |
| Land and buildings | 22 | €276,382 | €267,197 | -€9,186 | -3.3% |
| Plant, machinery and equipment | 23 | €1,743 | €2,629 | +€886 | +50.8% |
| Furniture and vehicles | 24 | €33,202 | €18,707 | -€14,495 | -43.7% |
| Current assets | 29/58 | €409,283 | €323,271 | -€86,012 | -21.0% |
| Stocks and contracts in progress | 3 | €17,095 | €62,907 | +€45,812 | +268% |
| Stocks | 30/36 | €17,095 | €62,907 | +€45,812 | +268% |
| Amounts receivable within one year | 40/41 | €376,068 | €227,384 | -€148,684 | -39.5% |
| Trade receivables | 40 | €155,120 | €98,784 | -€56,336 | -36.3% |
| Other amounts receivable | 41 | €220,947 | €128,600 | -€92,347 | -41.8% |
| Cash at bank and in hand | 54/58 | €16,120 | €32,979 | +€16,860 | +105% |
| Total equity and liabilities | 10/49 | €720,611 | €611,803 | -€108,808 | -15.1% |
| Equity | 10/15 | €475,986 | €386,342 | -€89,644 | -18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €476,745 | €387,101 | -€89,644 | -18.8% |
| Distributable reserves | 133 | €476,745 | €387,101 | -€89,644 | -18.8% |
| Profit (loss) carried forward | 14 | -€6,959 | -€6,959 | = | 0.0% |
| Amounts payable | 17/49 | €244,625 | €225,461 | -€19,164 | -7.8% |
| Amounts payable after more than one year | 17 | €177,116 | €149,669 | -€27,448 | -15.5% |
| Financial debts | 170/4 | €177,116 | €149,669 | -€27,448 | -15.5% |
| Amounts payable within one year | 42/48 | €67,509 | €75,792 | +€8,284 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €31,818 | €27,448 | -€4,370 | -13.7% |
| Trade debts | 44 | €25,366 | €43,509 | +€18,143 | +71.5% |
| Suppliers | 440/4 | €25,366 | €43,509 | +€18,143 | +71.5% |
| Taxes, remuneration and social security | 45 | €10,325 | €4,836 | -€5,489 | -53.2% |
| Taxes | 450/3 | €8,019 | €3,120 | -€4,899 | -61.1% |
| Remuneration and social security | 454/9 | €2,306 | €1,716 | -€590 | -25.6% |
| Remuneration, social security and pensions | 62 | €27,209 | €55,437 | +€28,228 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,878 | €24,179 | -€4,699 | -16.3% |
| Other operating charges | 640/8 | €3,938 | €4,265 | +€328 | +8.3% |
| Gross operating margin | 9900 | €118,087 | €119,777 | +€1,691 | +1.4% |
| Operating profit (loss) | 9901 | €58,062 | €35,895 | -€22,166 | -38.2% |
| Financial income | 75/76B | €16,577 | €12,894 | -€3,683 | -22.2% |
| Recurring financial income | 75 | €16,577 | €12,894 | -€3,683 | -22.2% |
| Financial charges | 65/66B | €5,414 | €7,911 | +€2,496 | +46.1% |
| Recurring financial charges | 65 | €5,414 | €7,911 | +€2,496 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €69,225 | €40,879 | -€28,346 | -40.9% |
| Income taxes | 67/77 | €23,027 | €9,678 | -€13,349 | -58.0% |
| Profit (loss) for the period | 9904 | €46,198 | €31,201 | -€14,996 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,198 | €31,201 | -€14,996 | -32.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.