ELEKTRO VERHEYE: what changed
What changed
ELEKTRO VERHEYE
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€3,255
2024 · €1,837+€1,418
Equity
€97,023
2024 · €93,769+€3,255
Cash
€82,830
2024 · €82,113+€717
Balance sheet total
€409,599
2024 · €406,008+€3,592
Largest movements
Assets
- Receivables within one year +€13,975
up €13,975 (+639%), from €2,186 to €16,161
of which Trade receivables: +€12,255
- Stocks and contracts -€9,993
down €9,993 (-12.8%), from €78,112 to €68,120
Equity and liabilities
- Debts after one year -€30,479
down €30,479 (-16.2%), from €187,773 to €157,294
- Other debts +€30,131
up €30,131 (+26.1%), from €115,277 to €145,408
Income statement
- Gross operating margin +€7,706
up €7,706 (+22.9%), from €33,608 to €41,314
- Depreciation +€6,850
up €6,850 (+30.3%), from €22,642 to €29,493
- Other operating charges -€690
down €690 (-42.0%), from €1,642 to €952
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
€1,837
Gross operating margin
+€7,706
Depreciation
-€6,850
Other operating charges
+€690
Financial income
-€307
Financial charges
+€95
Taxes
+€84
Result 2025
€3,255
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
+€59,503
Investment
-€28,385
Financing
-€30,401
Cash 2024
€82,113
From operations (derived)
+€59,503
Net result for the year
+€3,255
Depreciation
+€29,493
Stocks and contracts
+€9,993
Receivables within one year
-€13,975
Trade debts
+€691
Tax, wage and social debts
-€84
Other debts
+€30,131
Investment (derived)
-€28,385
Investment in fixed assets (net)
-€28,385
Financing
-€30,401
Debts after one year
-€30,479
Current portion of long-term debt
+€78
Cash 2025
€82,830
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,008 | €409,599 | +€3,592 | +0.9% |
| Fixed assets | 21/28 | €243,597 | €242,489 | -€1,108 | -0.5% |
| Tangible fixed assets | 22/27 | €243,247 | €242,489 | -€758 | -0.3% |
| Plant, machinery and equipment | 23 | €10,299 | €34,536 | +€24,236 | +235% |
| Furniture and vehicles | 24 | €52,863 | €38,966 | -€13,896 | -26.3% |
| Leasing and similar rights | 25 | €180,085 | €168,988 | -€11,098 | -6.2% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €162,411 | €167,110 | +€4,699 | +2.9% |
| Stocks and contracts in progress | 3 | €78,112 | €68,120 | -€9,993 | -12.8% |
| Stocks | 30/36 | €78,112 | €68,120 | -€9,993 | -12.8% |
| Amounts receivable within one year | 40/41 | €2,186 | €16,161 | +€13,975 | +639% |
| Trade receivables | 40 | €1,386 | €13,641 | +€12,255 | +884% |
| Other amounts receivable | 41 | €800 | €2,520 | +€1,720 | +215% |
| Cash at bank and in hand | 54/58 | €82,113 | €82,830 | +€717 | +0.9% |
| Total equity and liabilities | 10/49 | €406,008 | €409,599 | +€3,592 | +0.9% |
| Equity | 10/15 | €93,769 | €97,023 | +€3,255 | +3.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €43,769 | €47,023 | +€3,255 | +7.4% |
| Distributable reserves | 133 | €43,769 | €47,023 | +€3,255 | +7.4% |
| Amounts payable | 17/49 | €312,239 | €312,576 | +€337 | +0.1% |
| Amounts payable after more than one year | 17 | €187,773 | €157,294 | -€30,479 | -16.2% |
| Financial debts | 170/4 | €187,773 | €157,294 | -€30,479 | -16.2% |
| Amounts payable within one year | 42/48 | €124,466 | €155,282 | +€30,816 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €6,401 | €6,479 | +€78 | +1.2% |
| Trade debts | 44 | €652 | €1,343 | +€691 | +106% |
| Suppliers | 440/4 | €652 | €1,343 | +€691 | +106% |
| Taxes, remuneration and social security | 45 | €2,136 | €2,052 | -€84 | -3.9% |
| Taxes | 450/3 | €2,136 | €2,052 | -€84 | -3.9% |
| Other amounts payable | 47/48 | €115,277 | €145,408 | +€30,131 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,642 | €29,493 | +€6,850 | +30.3% |
| Other operating charges | 640/8 | €1,642 | €952 | -€690 | -42.0% |
| Gross operating margin | 9900 | €33,608 | €41,314 | +€7,706 | +22.9% |
| Operating profit (loss) | 9901 | €9,323 | €10,869 | +€1,546 | +16.6% |
| Financial income | 75/76B | €489 | €182 | -€307 | -62.9% |
| Recurring financial income | 75 | €489 | €182 | -€307 | -62.9% |
| Financial charges | 65/66B | €7,892 | €7,796 | -€95 | -1.2% |
| Recurring financial charges | 65 | €7,892 | €7,796 | -€95 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €1,921 | €3,255 | +€1,334 | +69.4% |
| Income taxes | 67/77 | €84 | - | -€84 | |
| Profit (loss) for the period | 9904 | €1,837 | €3,255 | +€1,418 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,837 | €3,255 | +€1,418 | +77.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.