VC-Electrics: what changed
VC-Electrics
Largest movements
- Receivables within one year -€35,468
down €35,468 (-51.5%), from €68,821 to €33,354
of which Other amounts receivable: -€31,137
- Stocks and contracts -€14,887
down €14,887 (-40.9%), from €36,407 to €21,520
of which Contracts in progress: -€14,887
- Tangible fixed assets -€7,817
down €7,817 (-51.8%), from €15,077 to €7,260
of which Plant, machinery and equipment: -€4,317
- Deferred charges and accrued income -€4,000
down €4,000 (-33.3%), from €12,000 to €8,000
- Cash -€1,418
down €1,418 (-51.4%), from €2,757 to €1,339
mainly Net result for the year (-€30,644) and Trade debts (-€26,405)
- Profit (loss) carried forward -€30,644
new in 2024: -€30,644
- Trade debts -€26,405
down €26,405 (-50.8%), from €51,990 to €25,585
- Tax, wage and social debts -€7,137
down €7,137 (-79.2%), from €9,011 to €1,874
- Debts after one year -€5,657
down €5,657 (-16.8%), from €33,657 to €28,000
of which Financial debts: -€5,657
- Other debts +€4,223
up €4,223 (+432%), from €977 to €5,200
- Gross operating margin -€33,809
down €33,809, from €16,902 to -€16,907
- Financial charges +€2,724
up €2,724 (+165%), from €1,653 to €4,377
- Taxes -€1,047
down €1,047 (-82.9%), from €1,264 to €216
- Depreciation -€891
down €891 (-10.1%), from €8,858 to €7,967
- Other operating charges +€489
up €489 (+71.2%), from €688 to €1,177
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,232 | €72,493 | -€63,740 | -46.8% |
| Fixed assets | 21/28 | €16,247 | €8,280 | -€7,967 | -49.0% |
| Intangible fixed assets | 21 | €1,170 | €1,020 | -€150 | -12.8% |
| Tangible fixed assets | 22/27 | €15,077 | €7,260 | -€7,817 | -51.8% |
| Plant, machinery and equipment | 23 | €5,287 | €970 | -€4,317 | -81.7% |
| Leasing and similar rights | 25 | €9,790 | €6,290 | -€3,500 | -35.7% |
| Current assets | 29/58 | €119,986 | €64,213 | -€55,773 | -46.5% |
| Stocks and contracts in progress | 3 | €36,407 | €21,520 | -€14,887 | -40.9% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €36,407 | €21,520 | -€14,887 | -40.9% |
| Amounts receivable within one year | 40/41 | €68,821 | €33,354 | -€35,468 | -51.5% |
| Trade receivables | 40 | €30,982 | €26,651 | -€4,331 | -14.0% |
| Other amounts receivable | 41 | €37,839 | €6,702 | -€31,137 | -82.3% |
| Cash at bank and in hand | 54/58 | €2,757 | €1,339 | -€1,418 | -51.4% |
| Deferred charges and accrued income | 490/1 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Total equity and liabilities | 10/49 | €136,232 | €72,493 | -€63,740 | -46.8% |
| Equity | 10/15 | €36,821 | €6,176 | -€30,644 | -83.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €32,821 | €32,821 | = | 0.0% |
| Distributable reserves | 133 | €32,821 | €32,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,644 | -€30,644 | |
| Amounts payable | 17/49 | €99,412 | €66,316 | -€33,095 | -33.3% |
| Amounts payable after more than one year | 17 | €33,657 | €28,000 | -€5,657 | -16.8% |
| Financial debts | 170/4 | €5,657 | €0 | -€5,657 | -100% |
| Other amounts payable | 178/9 | €28,000 | €28,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,755 | €38,316 | -€27,438 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €3,777 | €5,657 | +€1,880 | +49.8% |
| Trade debts | 44 | €51,990 | €25,585 | -€26,405 | -50.8% |
| Suppliers | 440/4 | €51,990 | €25,585 | -€26,405 | -50.8% |
| Taxes, remuneration and social security | 45 | €9,011 | €1,874 | -€7,137 | -79.2% |
| Taxes | 450/3 | €9,011 | €1,874 | -€7,137 | -79.2% |
| Other amounts payable | 47/48 | €977 | €5,200 | +€4,223 | +432% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,858 | €7,967 | -€891 | -10.1% |
| Other operating charges | 640/8 | €688 | €1,177 | +€489 | +71.2% |
| Non-recurring operating charges | 66A | €547 | €0 | -€547 | -100% |
| Gross operating margin | 9900 | €16,902 | -€16,907 | -€33,809 | |
| Operating profit (loss) | 9901 | €6,808 | -€26,051 | -€32,860 | |
| Financial charges | 65/66B | €1,653 | €4,377 | +€2,724 | +165% |
| Recurring financial charges | 65 | €1,653 | €4,377 | +€2,724 | +165% |
| Profit (loss) for the period before taxes | 9903 | €5,156 | -€30,428 | -€35,584 | |
| Income taxes | 67/77 | €1,264 | €216 | -€1,047 | -82.9% |
| Profit (loss) for the period | 9904 | €3,892 | -€30,644 | -€34,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,892 | -€30,644 | -€34,536 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.