ELEKTRO VDV: 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 VDV
Largest movements
- Tangible fixed assets -€39,377
down €39,377 (-22.8%), from €172,392 to €133,015
of which Furniture and vehicles: -€32,026
- Receivables within one year -€18,289
down €18,289 (-9.5%), from €191,718 to €173,429
of which Trade receivables: -€19,873
- Tax, wage and social debts -€201,718
down €201,718 (-74.8%), from €269,813 to €68,095
- Reserves +€92,921
up €92,921 (+15.6%), from €593,994 to €686,915
- Other debts +€23,824
up €23,824 (+17.0%), from €140,220 to €164,044
- Trade debts +€21,034
up €21,034 (+78.4%), from €26,824 to €47,858
- Gross operating margin +€67,363
up €67,363 (+56.2%), from €119,919 to €187,282
- Taxes +€18,566
up €18,566 (+75.1%), from €24,728 to €43,294
- Depreciation +€12,749
up €12,749 (+36.3%), from €35,079 to €47,828
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 | €1,035,851 | €971,913 | -€63,939 | -6.2% |
| Fixed assets | 21/28 | €172,392 | €136,099 | -€36,293 | -21.1% |
| Intangible fixed assets | 21 | - | €3,084 | +€3,084 | |
| Tangible fixed assets | 22/27 | €172,392 | €133,015 | -€39,377 | -22.8% |
| Plant, machinery and equipment | 23 | €44,404 | €37,054 | -€7,351 | -16.6% |
| Furniture and vehicles | 24 | €127,988 | €95,962 | -€32,026 | -25.0% |
| Current assets | 29/58 | €863,459 | €835,814 | -€27,646 | -3.2% |
| Amounts receivable within one year | 40/41 | €191,718 | €173,429 | -€18,289 | -9.5% |
| Trade receivables | 40 | €190,178 | €170,305 | -€19,873 | -10.4% |
| Other amounts receivable | 41 | €1,540 | €3,124 | +€1,584 | +103% |
| Cash at bank and in hand | 54/58 | €668,149 | €658,791 | -€9,358 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,592 | €3,593 | +€2 | 0.0% |
| Total equity and liabilities | 10/49 | €1,035,851 | €971,913 | -€63,939 | -6.2% |
| Equity | 10/15 | €598,994 | €691,915 | +€92,921 | +15.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €593,994 | €686,915 | +€92,921 | +15.6% |
| Distributable reserves | 133 | €593,994 | €686,915 | +€92,921 | +15.6% |
| Amounts payable | 17/49 | €436,857 | €279,997 | -€156,860 | -35.9% |
| Amounts payable within one year | 42/48 | €436,857 | €279,997 | -€156,860 | -35.9% |
| Trade debts | 44 | €26,824 | €47,858 | +€21,034 | +78.4% |
| Suppliers | 440/4 | €26,824 | €47,858 | +€21,034 | +78.4% |
| Taxes, remuneration and social security | 45 | €269,813 | €68,095 | -€201,718 | -74.8% |
| Taxes | 450/3 | €269,813 | €68,095 | -€201,718 | -74.8% |
| Other amounts payable | 47/48 | €140,220 | €164,044 | +€23,824 | +17.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,079 | €47,828 | +€12,749 | +36.3% |
| Other operating charges | 640/8 | €2,233 | €2,384 | +€151 | +6.8% |
| Non-recurring operating charges | 66A | €270 | €0 | -€270 | -100% |
| Gross operating margin | 9900 | €119,919 | €187,282 | +€67,363 | +56.2% |
| Operating profit (loss) | 9901 | €82,338 | €137,071 | +€54,733 | +66.5% |
| Financial income | 75/76B | €104 | €0 | -€104 | -100% |
| Recurring financial income | 75 | €104 | €0 | -€104 | -100% |
| Financial charges | 65/66B | €75 | €855 | +€780 | +1,035% |
| Recurring financial charges | 65 | €75 | €855 | +€780 | +1,035% |
| Profit (loss) for the period before taxes | 9903 | €82,366 | €136,215 | +€53,849 | +65.4% |
| Income taxes | 67/77 | €24,728 | €43,294 | +€18,566 | +75.1% |
| Profit (loss) for the period | 9904 | €57,638 | €92,921 | +€35,283 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,638 | €92,921 | +€35,283 | +61.2% |
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 26 October 2026 via checked.be.