Velektro: 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.
Velektro
Largest movements
- Receivables within one year +€155,579
up €155,579 (+33.3%), from €467,721 to €623,299
of which Other amounts receivable: +€100,181
- Stocks and contracts -€128,380
down €128,380 (-8.3%), from €1.5m to €1.4m
- Cash -€28,313
down €28,313 (-63.4%), from €44,641 to €16,328
mainly Receivables within one year (-€155,579) and Contributions, distributions and other (-€120,000)
- Tax, wage and social debts -€65,389
down €65,389 (-58.6%), from €111,517 to €46,128
of which Taxes: -€35,904
- Other debts +€53,136
up €53,136 (+59.8%), from €88,794 to €141,931
- Reserves +€41,795
up €41,795 (+31.6%), from €132,339 to €174,135
of which Distributable reserves: +€43,655
- Current portion of long-term debt +€35,379
up €35,379 (+26.3%), from €134,419 to €169,798
- Profit (loss) carried forward -€34,396
no longer reported in 2024 (was €34,396)
- Gross operating margin +€84,974
up €84,974 (+16.1%), from €526,491 to €611,465
- Other operating charges -€52,476
down €52,476 (-74.8%), from €70,129 to €17,653
- Taxes +€16,516
up €16,516 (+382%), from €4,329 to €20,845
- Depreciation -€12,411
down €12,411 (-27.5%), from €45,066 to €32,655
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,374,025 | €2,357,330 | -€16,696 | -0.7% |
| Fixed assets | 21/28 | €294,959 | €275,746 | -€19,213 | -6.5% |
| Tangible fixed assets | 22/27 | €160,209 | €140,633 | -€19,576 | -12.2% |
| Land and buildings | 22 | €61,393 | €56,892 | -€4,501 | -7.3% |
| Plant, machinery and equipment | 23 | €3,636 | €1,594 | -€2,042 | -56.2% |
| Furniture and vehicles | 24 | €13,437 | €4,901 | -€8,536 | -63.5% |
| Other tangible fixed assets | 26 | €81,743 | €77,246 | -€4,497 | -5.5% |
| Financial fixed assets | 28 | €134,750 | €135,113 | +€363 | +0.3% |
| Current assets | 29/58 | €2,079,066 | €2,081,584 | +€2,517 | +0.1% |
| Stocks and contracts in progress | 3 | €1,546,904 | €1,418,524 | -€128,380 | -8.3% |
| Stocks | 30/36 | €1,546,904 | €1,418,524 | -€128,380 | -8.3% |
| Amounts receivable within one year | 40/41 | €467,721 | €623,299 | +€155,579 | +33.3% |
| Trade receivables | 40 | €196,594 | €251,992 | +€55,398 | +28.2% |
| Other amounts receivable | 41 | €271,126 | €371,307 | +€100,181 | +36.9% |
| Cash at bank and in hand | 54/58 | €44,641 | €16,328 | -€28,313 | -63.4% |
| Deferred charges and accrued income | 490/1 | €19,801 | €23,432 | +€3,631 | +18.3% |
| Total equity and liabilities | 10/49 | €2,374,025 | €2,357,330 | -€16,696 | -0.7% |
| Equity | 10/15 | €185,335 | €192,735 | +€7,399 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,339 | €174,135 | +€41,795 | +31.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €130,479 | €174,135 | +€43,655 | +33.5% |
| Profit (loss) carried forward | 14 | €34,396 | - | -€34,396 | |
| Amounts payable | 17/49 | €2,188,690 | €2,164,595 | -€24,095 | -1.1% |
| Amounts payable after more than one year | 17 | €643,000 | €626,234 | -€16,765 | -2.6% |
| Financial debts | 170/4 | €643,000 | €626,234 | -€16,765 | -2.6% |
| Amounts payable within one year | 42/48 | €1,526,823 | €1,517,681 | -€9,141 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €134,419 | €169,798 | +€35,379 | +26.3% |
| Financial debts | 43 | €850,000 | €850,000 | = | 0.0% |
| Credit institutions | 430/8 | €850,000 | €850,000 | = | 0.0% |
| Trade debts | 44 | €333,863 | €309,825 | -€24,039 | -7.2% |
| Suppliers | 440/4 | €333,863 | €309,825 | -€24,039 | -7.2% |
| Advances received on contracts in progress | 46 | €8,229 | - | -€8,229 | |
| Taxes, remuneration and social security | 45 | €111,517 | €46,128 | -€65,389 | -58.6% |
| Taxes | 450/3 | €66,252 | €30,348 | -€35,904 | -54.2% |
| Remuneration and social security | 454/9 | €45,265 | €15,780 | -€29,485 | -65.1% |
| Other amounts payable | 47/48 | €88,794 | €141,931 | +€53,136 | +59.8% |
| Accrued charges and deferred income | 492/3 | €18,867 | €20,679 | +€1,812 | +9.6% |
| Non-recurring operating income | 76A | - | €1,043 | +€1,043 | |
| Remuneration, social security and pensions | 62 | €326,606 | €328,991 | +€2,386 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,066 | €32,655 | -€12,411 | -27.5% |
| Other operating charges | 640/8 | €70,129 | €17,653 | -€52,476 | -74.8% |
| Gross operating margin | 9900 | €526,491 | €611,465 | +€84,974 | +16.1% |
| Operating profit (loss) | 9901 | €84,690 | €232,166 | +€147,476 | +174% |
| Financial income | 75/76B | €7,860 | €2,610 | -€5,250 | -66.8% |
| Recurring financial income | 75 | €7,860 | €2,610 | -€5,250 | -66.8% |
| Financial charges | 65/66B | €81,913 | €86,532 | +€4,619 | +5.6% |
| Recurring financial charges | 65 | €81,913 | €86,532 | +€4,619 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €10,637 | €148,244 | +€137,607 | +1,294% |
| Income taxes | 67/77 | €4,329 | €20,845 | +€16,516 | +382% |
| Profit (loss) for the period | 9904 | €6,309 | €127,399 | +€121,091 | +1,919% |
| Profit (loss) for the period to be appropriated | 9905 | €6,309 | €127,399 | +€121,091 | +1,919% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.