VEB Elektro: 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.
VEB Elektro
Largest movements
- Cash +€16,057
up €16,057 (+449%), from €3,574 to €19,632
mainly Accrued charges and deferred income (+€26,762) and Other debts (+€13,791)
- Tangible fixed assets +€11,316
up €11,316 (+293%), from €3,864 to €15,180
of which Furniture and vehicles: +€5,711
- Accrued charges and deferred income +€26,762
up €26,762 (+892%), from €3,000 to €29,762
- Profit (loss) carried forward -€19,615
down €19,615, from €18,074 to -€1,540
- Other debts +€13,791
up €13,791 (+698%), from €1,976 to €15,767
- Tax, wage and social debts -€5,074
down €5,074 (-62.8%), from €8,085 to €3,011
of which Taxes: -€5,374
- Trade debts +€4,574
up €4,574 (+93.1%), from €4,911 to €9,485
- Taxes -€3,923
new in 2025: -€3,923
- Gross operating margin -€2,802
down €2,802 (-60.5%), from €4,632 to €1,830
- Depreciation +€2,022
up €2,022 (+71.3%), from €2,836 to €4,858
- Financial charges +€415
up €415 (+110%), from €377 to €792
- Other operating charges +€271
up €271 (+19.6%), from €1,381 to €1,652
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 | €44,875 | €71,621 | +€26,747 | +59.6% |
| Fixed assets | 21/28 | €3,864 | €15,180 | +€11,316 | +293% |
| Tangible fixed assets | 22/27 | €3,864 | €15,180 | +€11,316 | +293% |
| Plant, machinery and equipment | 23 | €1,282 | €6,887 | +€5,605 | +437% |
| Furniture and vehicles | 24 | €2,582 | €8,293 | +€5,711 | +221% |
| Current assets | 29/58 | €41,011 | €56,441 | +€15,431 | +37.6% |
| Amounts receivable within one year | 40/41 | €35,044 | €34,654 | -€390 | -1.1% |
| Trade receivables | 40 | €31,657 | €20,304 | -€11,354 | -35.9% |
| Other amounts receivable | 41 | €3,387 | €14,351 | +€10,964 | +324% |
| Cash at bank and in hand | 54/58 | €3,574 | €19,632 | +€16,057 | +449% |
| Deferred charges and accrued income | 490/1 | €2,392 | €2,155 | -€237 | -9.9% |
| Total equity and liabilities | 10/49 | €44,875 | €71,621 | +€26,747 | +59.6% |
| Equity | 10/15 | €26,903 | €7,288 | -€19,615 | -72.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,328 | €6,328 | = | 0.0% |
| Distributable reserves | 133 | €6,328 | €6,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,074 | -€1,540 | -€19,615 | |
| Amounts payable | 17/49 | €17,972 | €64,334 | +€46,362 | +258% |
| Amounts payable after more than one year | 17 | - | €3,479 | +€3,479 | |
| Financial debts | 170/4 | - | €3,479 | +€3,479 | |
| Amounts payable within one year | 42/48 | €14,972 | €31,093 | +€16,121 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €2,831 | +€2,831 | |
| Trade debts | 44 | €4,911 | €9,485 | +€4,574 | +93.1% |
| Suppliers | 440/4 | €4,911 | €9,485 | +€4,574 | +93.1% |
| Taxes, remuneration and social security | 45 | €8,085 | €3,011 | -€5,074 | -62.8% |
| Taxes | 450/3 | €8,085 | €2,711 | -€5,374 | -66.5% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €1,976 | €15,767 | +€13,791 | +698% |
| Accrued charges and deferred income | 492/3 | €3,000 | €29,762 | +€26,762 | +892% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,836 | €4,858 | +€2,022 | +71.3% |
| Other operating charges | 640/8 | €1,381 | €1,652 | +€271 | +19.6% |
| Gross operating margin | 9900 | €4,632 | €1,830 | -€2,802 | -60.5% |
| Operating profit (loss) | 9901 | €415 | -€4,680 | -€5,095 | |
| Financial income | 75/76B | €12 | €8 | -€3 | -26.5% |
| Recurring financial income | 75 | €12 | €8 | -€3 | -26.5% |
| Financial charges | 65/66B | €377 | €792 | +€415 | +110% |
| Recurring financial charges | 65 | €377 | €792 | +€415 | +110% |
| Profit (loss) for the period before taxes | 9903 | €49 | -€5,464 | -€5,513 | |
| Income taxes | 67/77 | - | -€3,923 | -€3,923 | |
| Profit (loss) for the period | 9904 | €49 | -€1,540 | -€1,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €49 | -€1,540 | -€1,590 |
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 21 October 2026 via checked.be.