VAK ELECTRONICS: 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.
VAK ELECTRONICS
Largest movements
- Cash +€25,173
up €25,173 (+5.5%), from €458,228 to €483,401
mainly Net result for the year (+€27,063) and Depreciation (+€12,182)
- Receivables within one year +€8,976
up €8,976 (+77.1%), from €11,637 to €20,614
of which Trade receivables: +€7,511
- Tangible fixed assets -€8,753
down €8,753 (-38.9%), from €22,528 to €13,775
- Profit (loss) carried forward +€27,063
up €27,063 (+7.5%), from €360,882 to €387,944
- Tax, wage and social debts +€5,923
up €5,923 (+132.8%), from €4,459 to €10,382
of which Taxes: +€7,423
- Other debts -€5,308
down €5,308 (-6.0%), from €87,965 to €82,656
- Provisions +€15,250
up €15,250, from -€14,750 to €500
- Gross operating margin +€5,238
up €5,238 (+11.1%), from €47,133 to €52,371
- Other operating charges +€4,752
up €4,752 (+382.2%), from €1,243 to €5,995
- Write-downs -€4,175
new in 2025: -€4,175
- Taxes -€3,881
down €3,881 (-25.3%), from €15,368 to €11,487
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.
Cash bridge derived
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 | €493,918 | €519,350 | +€25,431 | +5.1% |
| Fixed assets | 21/28 | €22,528 | €13,775 | -€8,753 | -38.9% |
| Tangible fixed assets | 22/27 | €22,528 | €13,775 | -€8,753 | -38.9% |
| Furniture and vehicles | 24 | €22,528 | €13,775 | -€8,753 | -38.9% |
| Current assets | 29/58 | €471,390 | €505,575 | +€34,185 | +7.3% |
| Amounts receivable within one year | 40/41 | €11,637 | €20,614 | +€8,976 | +77.1% |
| Trade receivables | 40 | €10,411 | €17,923 | +€7,511 | +72.1% |
| Other amounts receivable | 41 | €1,226 | €2,691 | +€1,465 | +119.5% |
| Cash at bank and in hand | 54/58 | €458,228 | €483,401 | +€25,173 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,525 | €1,560 | +€35 | +2.3% |
| Total equity and liabilities | 10/49 | €493,918 | €519,350 | +€25,431 | +5.1% |
| Equity | 10/15 | €382,820 | €409,883 | +€27,063 | +7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,347 | €3,347 | = | 0.0% |
| Distributable reserves | 133 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €360,882 | €387,944 | +€27,063 | +7.5% |
| Provisions and deferred taxes | 16 | €10,700 | €11,200 | +€500 | +4.7% |
| Provisions for liabilities and charges | 160/5 | €10,700 | €11,200 | +€500 | +4.7% |
| Environmental obligations | 163 | €10,700 | €11,200 | +€500 | +4.7% |
| Amounts payable | 17/49 | €100,398 | €98,267 | -€2,131 | -2.1% |
| Amounts payable within one year | 42/48 | €95,920 | €93,556 | -€2,364 | -2.5% |
| Trade debts | 44 | €3,012 | €518 | -€2,494 | -82.8% |
| Suppliers | 440/4 | €3,012 | €518 | -€2,494 | -82.8% |
| Advances received on contracts in progress | 46 | €484 | - | -€484 | |
| Taxes, remuneration and social security | 45 | €4,459 | €10,382 | +€5,923 | +132.8% |
| Taxes | 450/3 | €2,959 | €10,382 | +€7,423 | +250.8% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €87,965 | €82,656 | -€5,308 | -6.0% |
| Accrued charges and deferred income | 492/3 | €4,478 | €4,710 | +€233 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,599 | €12,182 | +€584 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,175 | -€4,175 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,750 | €500 | +€15,250 | |
| Other operating charges | 640/8 | €1,243 | €5,995 | +€4,752 | +382.2% |
| Gross operating margin | 9900 | €47,133 | €52,371 | +€5,238 | +11.1% |
| Operating profit (loss) | 9901 | €49,041 | €37,869 | -€11,172 | -22.8% |
| Financial income | 75/76B | €4,518 | €5,391 | +€873 | +19.3% |
| Recurring financial income | 75 | €4,518 | €5,391 | +€873 | +19.3% |
| Financial charges | 65/66B | €4,489 | €4,711 | +€221 | +4.9% |
| Recurring financial charges | 65 | €4,489 | €4,711 | +€221 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €49,071 | €38,549 | -€10,521 | -21.4% |
| Income taxes | 67/77 | €15,368 | €11,487 | -€3,881 | -25.3% |
| Profit (loss) for the period | 9904 | €33,703 | €27,063 | -€6,640 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,703 | €27,063 | -€6,640 | -19.7% |
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 9 October 2026 via checked.be.