VDE-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.
VDE-elec
Largest movements
- Receivables within one year +€19,163
up €19,163 (+75.8%), from €25,281 to €44,444
of which Trade receivables: +€12,244
- Cash +€4,462
up €4,462 (+34,216%), from €13 to €4,475
mainly Trade debts (+€26,909) and Depreciation (+€3,708)
- Tangible fixed assets -€3,873
down €3,873 (-24.3%), from €15,925 to €12,052
of which Furniture and vehicles: -€2,739
- Stocks and contracts +€1,723
up €1,723 (+68.9%), from €2,500 to €4,223
- Trade debts +€26,909
up €26,909 (+150%), from €17,899 to €44,809
- Debts after one year -€3,930
down €3,930 (-59.2%), from €6,635 to €2,706
- Tax, wage and social debts -€2,437
down €2,437 (-60.6%), from €4,022 to €1,585
of which Taxes: -€2,437
- Profit (loss) carried forward +€744
up €744 (+6.6%), from -€11,229 to -€10,485
- Depreciation -€9,432
down €9,432 (-71.8%), from €13,140 to €3,708
- Gross operating margin +€2,219
up €2,219 (+44.9%), from €4,939 to €7,157
- Financial income +€427
up €427 (+76.5%), from €557 to €984
- Other operating charges -€123
down €123 (-5.0%), from €2,449 to €2,326
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 | €44,444 | €65,881 | +€21,436 | +48.2% |
| Fixed assets | 21/28 | €15,925 | €12,052 | -€3,873 | -24.3% |
| Tangible fixed assets | 22/27 | €15,925 | €12,052 | -€3,873 | -24.3% |
| Plant, machinery and equipment | 23 | €2,605 | €1,922 | -€683 | -26.2% |
| Furniture and vehicles | 24 | €11,651 | €8,912 | -€2,739 | -23.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,670 | €1,219 | -€451 | -27.0% |
| Current assets | 29/58 | €28,519 | €53,829 | +€25,309 | +88.7% |
| Stocks and contracts in progress | 3 | €2,500 | €4,223 | +€1,723 | +68.9% |
| Stocks | 30/36 | €2,500 | €4,223 | +€1,723 | +68.9% |
| Amounts receivable within one year | 40/41 | €25,281 | €44,444 | +€19,163 | +75.8% |
| Trade receivables | 40 | €8,992 | €21,236 | +€12,244 | +136% |
| Other amounts receivable | 41 | €16,289 | €23,208 | +€6,919 | +42.5% |
| Cash at bank and in hand | 54/58 | €13 | €4,475 | +€4,462 | +34,216% |
| Deferred charges and accrued income | 490/1 | €725 | €686 | -€39 | -5.3% |
| Total equity and liabilities | 10/49 | €44,444 | €65,881 | +€21,436 | +48.2% |
| Equity | 10/15 | €12,108 | €12,851 | +€744 | +6.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,336 | €18,336 | = | 0.0% |
| Distributable reserves | 133 | €18,336 | €18,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,229 | -€10,485 | +€744 | +6.6% |
| Amounts payable | 17/49 | €32,337 | €53,029 | +€20,693 | +64.0% |
| Amounts payable after more than one year | 17 | €6,635 | €2,706 | -€3,930 | -59.2% |
| Financial debts | 170/4 | €6,635 | €2,706 | -€3,930 | -59.2% |
| Amounts payable within one year | 42/48 | €25,701 | €50,323 | +€24,622 | +95.8% |
| Current portion of amounts payable after more than one year | 42 | €3,780 | €3,930 | +€150 | +4.0% |
| Trade debts | 44 | €17,899 | €44,809 | +€26,909 | +150% |
| Suppliers | 440/4 | €17,899 | €44,809 | +€26,909 | +150% |
| Taxes, remuneration and social security | 45 | €4,022 | €1,585 | -€2,437 | -60.6% |
| Taxes | 450/3 | €4,022 | €1,585 | -€2,437 | -60.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,140 | €3,708 | -€9,432 | -71.8% |
| Other operating charges | 640/8 | €2,449 | €2,326 | -€123 | -5.0% |
| Non-recurring operating charges | 66A | - | €165 | +€165 | |
| Gross operating margin | 9900 | €4,939 | €7,157 | +€2,219 | +44.9% |
| Operating profit (loss) | 9901 | -€10,650 | €959 | +€11,609 | |
| Financial income | 75/76B | €557 | €984 | +€427 | +76.5% |
| Recurring financial income | 75 | €557 | €984 | +€427 | +76.5% |
| Financial charges | 65/66B | €605 | €600 | -€5 | -0.8% |
| Recurring financial charges | 65 | €605 | €600 | -€5 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,697 | €1,343 | +€12,040 | |
| Income taxes | 67/77 | €531 | €599 | +€68 | +12.8% |
| Profit (loss) for the period | 9904 | -€11,229 | €744 | +€11,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,229 | €744 | +€11,973 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.