V.ELEC: 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.
V.ELEC
Largest movements
- Tangible fixed assets -€5,067
down €5,067 (-27.5%), from €18,400 to €13,334
of which Plant, machinery and equipment: -€2,624
- Receivables within one year +€2,229
up €2,229 (+52.2%), from €4,274 to €6,503
of which Trade receivables: +€2,624
- Cash +€1,142
up €1,142 (+11.6%), from €9,820 to €10,961
mainly Depreciation (+€8,291) and Trade debts (+€5,339)
- Stocks and contracts +€750
up €750 (+38.5%), from €1,950 to €2,700
- Profit (loss) carried forward -€8,657
down €8,657 (-52.4%), from €16,508 to €7,851
- Trade debts +€5,339
up €5,339 (+533%), from €1,001 to €6,340
- Other debts +€2,277
up €2,277 (+27.0%), from €8,445 to €10,721
- Gross operating margin -€29,421
down €29,421 (-97.5%), from €30,167 to €746
- Taxes -€5,208
down €5,208 (-97.5%), from €5,340 to €132
- Depreciation +€1,460
up €1,460 (+21.4%), from €6,830 to €8,291
- Other operating charges -€765
down €765 (-51.5%), from €1,486 to €721
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 | €34,444 | €33,498 | -€946 | -2.7% |
| Fixed assets | 21/28 | €18,400 | €13,334 | -€5,067 | -27.5% |
| Tangible fixed assets | 22/27 | €18,400 | €13,334 | -€5,067 | -27.5% |
| Plant, machinery and equipment | 23 | €5,688 | €3,064 | -€2,624 | -46.1% |
| Furniture and vehicles | 24 | €12,712 | €10,270 | -€2,443 | -19.2% |
| Current assets | 29/58 | €16,044 | €20,165 | +€4,121 | +25.7% |
| Stocks and contracts in progress | 3 | €1,950 | €2,700 | +€750 | +38.5% |
| Stocks | 30/36 | €1,950 | €2,700 | +€750 | +38.5% |
| Amounts receivable within one year | 40/41 | €4,274 | €6,503 | +€2,229 | +52.2% |
| Trade receivables | 40 | €1,087 | €3,711 | +€2,624 | +241% |
| Other amounts receivable | 41 | €3,187 | €2,792 | -€395 | -12.4% |
| Cash at bank and in hand | 54/58 | €9,820 | €10,961 | +€1,142 | +11.6% |
| Total equity and liabilities | 10/49 | €34,444 | €33,498 | -€946 | -2.7% |
| Equity | 10/15 | €19,508 | €10,851 | -€8,657 | -44.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,508 | €7,851 | -€8,657 | -52.4% |
| Amounts payable | 17/49 | €14,937 | €22,648 | +€7,711 | +51.6% |
| Amounts payable within one year | 42/48 | €14,937 | €22,648 | +€7,711 | +51.6% |
| Trade debts | 44 | €1,001 | €6,340 | +€5,339 | +533% |
| Suppliers | 440/4 | €1,001 | €6,340 | +€5,339 | +533% |
| Taxes, remuneration and social security | 45 | €5,491 | €5,586 | +€95 | +1.7% |
| Taxes | 450/3 | €5,491 | €5,586 | +€95 | +1.7% |
| Other amounts payable | 47/48 | €8,445 | €10,721 | +€2,277 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,830 | €8,291 | +€1,460 | +21.4% |
| Other operating charges | 640/8 | €1,486 | €721 | -€765 | -51.5% |
| Gross operating margin | 9900 | €30,167 | €746 | -€29,421 | -97.5% |
| Operating profit (loss) | 9901 | €21,850 | -€8,266 | -€30,117 | |
| Financial charges | 65/66B | €2 | €258 | +€256 | +10,759% |
| Recurring financial charges | 65 | €2 | €258 | +€256 | +10,759% |
| Profit (loss) for the period before taxes | 9903 | €21,848 | -€8,525 | -€30,373 | |
| Income taxes | 67/77 | €5,340 | €132 | -€5,208 | -97.5% |
| Profit (loss) for the period | 9904 | €16,508 | -€8,657 | -€25,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,508 | -€8,657 | -€25,164 |
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 14 October 2026 via checked.be.