VanEeCo Electrics: what changed
VanEeCo Electrics
Largest movements
- Tangible fixed assets +€41,735
up €41,735 (+15.1%), from €276,230 to €317,964
of which Furniture and vehicles: +€47,523
- Receivables within one year -€32,049
down €32,049 (-58.4%), from €54,914 to €22,865
of which Trade receivables: -€32,839
- Stocks and contracts +€31,130
up €31,130 (+73.6%), from €42,290 to €73,420
- Cash +€10,509
up €10,509 (+8.0%), from €130,644 to €141,153
mainly Net result for the year (+€85,127) and Depreciation (+€33,810)
- Trade debts +€24,924
up €24,924 (+138%), from €18,097 to €43,021
- Current portion of long-term debt +€17,242
up €17,242 (+86.1%), from €20,027 to €37,269
- Debts after one year +€16,977
up €16,977 (+9.5%), from €179,601 to €196,577
- Reserves -€14,873
down €14,873 (-5.9%), from €253,734 to €238,861
- Gross operating margin +€23,191
up €23,191 (+22.3%), from €104,226 to €127,417
- Financial income +€21,173
up €21,173 (+6,332%), from €334 to €21,507
of which Non-recurring financial income: +€21,235
- Depreciation +€13,635
up €13,635 (+67.6%), from €20,175 to €33,810
- Taxes +€4,644
up €4,644 (+29.7%), from €15,627 to €20,272
- Financial charges +€2,077
up €2,077 (+48.0%), from €4,327 to €6,404
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,670 | €559,450 | +€49,780 | +9.8% |
| Fixed assets | 21/28 | €276,480 | €318,214 | +€41,735 | +15.1% |
| Tangible fixed assets | 22/27 | €276,230 | €317,964 | +€41,735 | +15.1% |
| Land and buildings | 22 | €243,845 | €241,546 | -€2,299 | -0.9% |
| Plant, machinery and equipment | 23 | €11,562 | €8,072 | -€3,490 | -30.2% |
| Furniture and vehicles | 24 | €20,823 | €68,347 | +€47,523 | +228% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €233,190 | €241,236 | +€8,046 | +3.5% |
| Stocks and contracts in progress | 3 | €42,290 | €73,420 | +€31,130 | +73.6% |
| Stocks | 30/36 | €42,290 | €73,420 | +€31,130 | +73.6% |
| Amounts receivable within one year | 40/41 | €54,914 | €22,865 | -€32,049 | -58.4% |
| Trade receivables | 40 | €44,803 | €11,965 | -€32,839 | -73.3% |
| Other amounts receivable | 41 | €10,111 | €10,900 | +€789 | +7.8% |
| Cash at bank and in hand | 54/58 | €130,644 | €141,153 | +€10,509 | +8.0% |
| Deferred charges and accrued income | 490/1 | €5,342 | €3,798 | -€1,544 | -28.9% |
| Total equity and liabilities | 10/49 | €509,670 | €559,450 | +€49,780 | +9.8% |
| Equity | 10/15 | €272,334 | €257,461 | -€14,873 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,734 | €238,861 | -€14,873 | -5.9% |
| Distributable reserves | 133 | €253,734 | €238,861 | -€14,873 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,336 | €301,989 | +€64,653 | +27.2% |
| Amounts payable after more than one year | 17 | €179,601 | €196,577 | +€16,977 | +9.5% |
| Financial debts | 170/4 | €179,601 | €196,577 | +€16,977 | +9.5% |
| Amounts payable within one year | 42/48 | €57,051 | €104,084 | +€47,033 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €20,027 | €37,269 | +€17,242 | +86.1% |
| Financial debts | 43 | €11 | €11 | = | 0.0% |
| Credit institutions | 430/8 | €11 | €11 | = | 0.0% |
| Trade debts | 44 | €18,097 | €43,021 | +€24,924 | +138% |
| Suppliers | 440/4 | €18,097 | €43,021 | +€24,924 | +138% |
| Taxes, remuneration and social security | 45 | €2,161 | €2,101 | -€60 | -2.8% |
| Taxes | 450/3 | €2,161 | €2,101 | -€60 | -2.8% |
| Other amounts payable | 47/48 | €16,755 | €21,682 | +€4,927 | +29.4% |
| Accrued charges and deferred income | 492/3 | €684 | €1,327 | +€643 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,175 | €33,810 | +€13,635 | +67.6% |
| Other operating charges | 640/8 | €3,221 | €3,311 | +€90 | +2.8% |
| Gross operating margin | 9900 | €104,226 | €127,417 | +€23,191 | +22.3% |
| Operating profit (loss) | 9901 | €80,830 | €90,296 | +€9,466 | +11.7% |
| Financial income | 75/76B | €334 | €21,507 | +€21,173 | +6,332% |
| Recurring financial income | 75 | €334 | €272 | -€63 | -18.8% |
| Non-recurring financial income | 76B | - | €21,235 | +€21,235 | |
| Financial charges | 65/66B | €4,327 | €6,404 | +€2,077 | +48.0% |
| Recurring financial charges | 65 | €4,327 | €6,404 | +€2,077 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €76,837 | €105,399 | +€28,562 | +37.2% |
| Income taxes | 67/77 | €15,627 | €20,272 | +€4,644 | +29.7% |
| Profit (loss) for the period | 9904 | €61,210 | €85,127 | +€23,918 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,210 | €85,127 | +€23,918 | +39.1% |
Next steps
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 6 November 2026 via checked.be.