Elektro Vandenabeele: what changed
Elektro Vandenabeele
Largest movements
- Receivables within one year +€21,934
up €21,934 (+20.0%), from €109,931 to €131,865
of which Other amounts receivable: +€20,483
- Cash -€8,901
down €8,901 (-27.9%), from €31,934 to €23,033
mainly Investment in fixed assets (net) (-€23,980) and Receivables within one year (-€21,934)
- Tangible fixed assets +€3,745
up €3,745 (+7.5%), from €50,166 to €53,911
of which Other tangible fixed assets: +€21,949
- Reserves +€26,369
up €26,369 (+26.2%), from €100,585 to €126,955
- Debts after one year -€8,423
down €8,423 (-27.5%), from €30,641 to €22,218
of which Other amounts payable: -€11,457
- Tax, wage and social debts -€5,059
down €5,059 (-20.5%), from €24,692 to €19,632
- Trade debts +€4,700
new in 2025: €4,700
- Gross operating margin -€54,083
down €54,083 (-48.7%), from €111,094 to €57,011
- Depreciation -€14,438
down €14,438 (-41.6%), from €34,674 to €20,236
- Taxes -€13,069
down €13,069 (-67.7%), from €19,302 to €6,233
- Financial income -€3,122
down €3,122 (-55.8%), from €5,597 to €2,475
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,031 | €208,808 | +€16,777 | +8.7% |
| Fixed assets | 21/28 | €50,166 | €53,911 | +€3,745 | +7.5% |
| Tangible fixed assets | 22/27 | €50,166 | €53,911 | +€3,745 | +7.5% |
| Plant, machinery and equipment | 23 | €994 | €329 | -€665 | -66.9% |
| Furniture and vehicles | 24 | €49,172 | €31,634 | -€17,539 | -35.7% |
| Other tangible fixed assets | 26 | - | €21,949 | +€21,949 | |
| Current assets | 29/58 | €141,865 | €154,897 | +€13,033 | +9.2% |
| Amounts receivable within one year | 40/41 | €109,931 | €131,865 | +€21,934 | +20.0% |
| Trade receivables | 40 | €65,500 | €66,951 | +€1,450 | +2.2% |
| Other amounts receivable | 41 | €44,431 | €64,914 | +€20,483 | +46.1% |
| Cash at bank and in hand | 54/58 | €31,934 | €23,033 | -€8,901 | -27.9% |
| Total equity and liabilities | 10/49 | €192,031 | €208,808 | +€16,777 | +8.7% |
| Equity | 10/15 | €110,585 | €136,955 | +€26,369 | +23.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €100,585 | €126,955 | +€26,369 | +26.2% |
| Distributable reserves | 133 | €100,585 | €126,955 | +€26,369 | +26.2% |
| Amounts payable | 17/49 | €81,446 | €71,853 | -€9,592 | -11.8% |
| Amounts payable after more than one year | 17 | €30,641 | €22,218 | -€8,423 | -27.5% |
| Financial debts | 170/4 | €14,980 | €18,015 | +€3,034 | +20.3% |
| Other amounts payable | 178/9 | €15,660 | €4,203 | -€11,457 | -73.2% |
| Amounts payable within one year | 42/48 | €50,805 | €49,636 | -€1,169 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €20,463 | €19,683 | -€779 | -3.8% |
| Financial debts | 43 | €5,651 | €5,620 | -€31 | -0.5% |
| Credit institutions | 430/8 | €5,651 | €5,620 | -€31 | -0.5% |
| Trade debts | 44 | - | €4,700 | +€4,700 | |
| Suppliers | 440/4 | - | €4,700 | +€4,700 | |
| Taxes, remuneration and social security | 45 | €24,692 | €19,632 | -€5,059 | -20.5% |
| Taxes | 450/3 | €24,692 | €19,632 | -€5,059 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,674 | €20,236 | -€14,438 | -41.6% |
| Other operating charges | 640/8 | €2,190 | €1,875 | -€315 | -14.4% |
| Gross operating margin | 9900 | €111,094 | €57,011 | -€54,083 | -48.7% |
| Operating profit (loss) | 9901 | €74,231 | €34,901 | -€39,330 | -53.0% |
| Financial income | 75/76B | €5,597 | €2,475 | -€3,122 | -55.8% |
| Recurring financial income | 75 | €5,597 | €2,475 | -€3,122 | -55.8% |
| Financial charges | 65/66B | €4,476 | €4,773 | +€296 | +6.6% |
| Recurring financial charges | 65 | €4,476 | €4,773 | +€296 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €75,351 | €32,603 | -€42,748 | -56.7% |
| Income taxes | 67/77 | €19,302 | €6,233 | -€13,069 | -67.7% |
| Profit (loss) for the period | 9904 | €56,049 | €26,369 | -€29,680 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,049 | €26,369 | -€29,680 | -53.0% |
Next steps
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 7 November 2026 via checked.be.