ELEKTRO VDB: 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.
ELEKTRO VDB
Largest movements
- Receivables within one year -€41,447
down €41,447 (-49.8%), from €83,261 to €41,814
of which Other amounts receivable: -€27,228
- Cash -€19,245
down €19,245 (-28.8%), from €66,910 to €47,665
mainly Contributions, distributions and other (-€42,864) and Stocks and contracts (-€8,250)
- Stocks and contracts +€8,250
up €8,250 (+78.6%), from €10,500 to €18,750
- Tangible fixed assets -€3,245
down €3,245 (-39.1%), from €8,304 to €5,059
of which Leasing and similar rights: -€4,051
- Reserves -€42,776
down €42,776 (-33.4%), from €127,992 to €85,216
- Trade debts -€5,151
down €5,151 (-35.1%), from €14,673 to €9,521
- Tax, wage and social debts -€3,519
down €3,519 (-30.1%), from €11,674 to €8,155
of which Remuneration and social security: -€3,800
- Current portion of long-term debt -€2,436
down €2,436 (-57.5%), from €4,240 to €1,804
- Debts after one year -€1,804
down €1,804 (-100%), from €1,804 to €0
- Gross operating margin -€11,551
down €11,551 (-64.6%), from €17,894 to €6,343
- Taxes -€3,907
down €3,907 (-74.7%), from €5,231 to €1,324
- Financial income -€1,069
down €1,069 (-37.7%), from €2,831 to €1,762
- Depreciation +€617
up €617 (+11.5%), from €5,362 to €5,979
- Financial charges -€280
down €280 (-39.4%), from €709 to €430
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,975 | €113,288 | -€55,686 | -33.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,304 | €5,059 | -€3,245 | -39.1% |
| Tangible fixed assets | 22/27 | €8,304 | €5,059 | -€3,245 | -39.1% |
| Land and buildings | 22 | €2,621 | €1,311 | -€1,311 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €2,117 | +€2,117 | |
| Leasing and similar rights | 25 | €5,683 | €1,632 | -€4,051 | -71.3% |
| Current assets | 29/58 | €160,670 | €108,229 | -€52,441 | -32.6% |
| Stocks and contracts in progress | 3 | €10,500 | €18,750 | +€8,250 | +78.6% |
| Stocks | 30/36 | €10,500 | €18,750 | +€8,250 | +78.6% |
| Amounts receivable within one year | 40/41 | €83,261 | €41,814 | -€41,447 | -49.8% |
| Trade receivables | 40 | €40,522 | €26,303 | -€14,219 | -35.1% |
| Other amounts receivable | 41 | €42,739 | €15,511 | -€27,228 | -63.7% |
| Cash at bank and in hand | 54/58 | €66,910 | €47,665 | -€19,245 | -28.8% |
| Total equity and liabilities | 10/49 | €168,975 | €113,288 | -€55,686 | -33.0% |
| Equity | 10/15 | €136,585 | €93,808 | -€42,776 | -31.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,992 | €85,216 | -€42,776 | -33.4% |
| Distributable reserves | 133 | €127,992 | €85,216 | -€42,776 | -33.4% |
| Profit (loss) carried forward | 14 | €2,393 | €2,393 | = | 0.0% |
| Amounts payable | 17/49 | €32,390 | €19,480 | -€12,910 | -39.9% |
| Amounts payable after more than one year | 17 | €1,804 | €0 | -€1,804 | -100% |
| Financial debts | 170/4 | €1,804 | €0 | -€1,804 | -100% |
| Amounts payable within one year | 42/48 | €30,586 | €19,480 | -€11,106 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €4,240 | €1,804 | -€2,436 | -57.5% |
| Trade debts | 44 | €14,673 | €9,521 | -€5,151 | -35.1% |
| Suppliers | 440/4 | €14,673 | €9,521 | -€5,151 | -35.1% |
| Taxes, remuneration and social security | 45 | €11,674 | €8,155 | -€3,519 | -30.1% |
| Taxes | 450/3 | €7,874 | €8,155 | +€281 | +3.6% |
| Remuneration and social security | 454/9 | €3,800 | €0 | -€3,800 | -100% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €9,917 | - | -€9,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,362 | €5,979 | +€617 | +11.5% |
| Other operating charges | 640/8 | €167 | €286 | +€118 | +70.6% |
| Gross operating margin | 9900 | €17,894 | €6,343 | -€11,551 | -64.6% |
| Operating profit (loss) | 9901 | €12,365 | €79 | -€12,286 | -99.4% |
| Financial income | 75/76B | €2,831 | €1,762 | -€1,069 | -37.7% |
| Recurring financial income | 75 | €2,831 | €1,762 | -€1,069 | -37.7% |
| Financial charges | 65/66B | €709 | €430 | -€280 | -39.4% |
| Recurring financial charges | 65 | €709 | €430 | -€280 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €14,486 | €1,412 | -€13,074 | -90.3% |
| Income taxes | 67/77 | €5,231 | €1,324 | -€3,907 | -74.7% |
| Profit (loss) for the period | 9904 | €9,255 | €88 | -€9,167 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,255 | €88 | -€9,167 | -99.0% |
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 17 October 2026 via checked.be.