VELEKTRO: what changed
What changed
VELEKTRO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€24,034
2024 · -€2,695+€26,728
Equity
€643,613
2024 · €669,380-€25,766
Cash
€270,767
2024 · €145,398+€125,369
Balance sheet total
€1.7m
2024 · €1.6m+€132,680
Largest movements
Assets
- Receivables within one year +€304,715
up €304,715 (+308%), from €98,786 to €403,501
of which Trade receivables: +€281,661
- Stocks and contracts -€164,408
down €164,408 (-68.0%), from €241,948 to €77,540
- Cash +€125,369
up €125,369 (+86.2%), from €145,398 to €270,767
mainly Accrued charges and deferred income (+€183,529) and Stocks and contracts (+€164,408)
- Tangible fixed assets -€103,087
down €103,087 (-9.8%), from €1.1m to €947,554
of which Land and buildings: -€58,061
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
Equity and liabilities
- Accrued charges and deferred income +€183,529
new in 2025: €183,529
- Debts after one year -€59,930
down €59,930 (-10.1%), from €592,990 to €533,061
- Other debts +€28,463
up €28,463 (+81.6%), from €34,869 to €63,332
- Reserves -€25,766
down €25,766 (-3.9%), from €663,180 to €637,413
of which Tax-exempt reserves: -€14,260
Income statement
- Gross operating margin +€74,681
up €74,681 (+15.2%), from €492,483 to €567,164
- Staff costs +€31,215
up €31,215 (+8.8%), from €354,202 to €385,417
- Taxes +€14,160
up €14,160 (+206%), from €6,858 to €21,017
- Other operating charges +€6,604
up €6,604 (+64.5%), from €10,231 to €16,835
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.
Result 2024
-€2,695
Gross operating margin
+€74,681
Staff costs
-€31,215
Depreciation
-€608
Other operating charges
-€6,604
Other operating items
+€97
Financial income
+€1,577
Financial charges
+€2,960
Taxes
-€14,160
Result 2025
€24,034
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€223,226
Investment
+€14,293
Financing
-€112,150
Cash 2024
€145,398
From operations (derived)
+€223,226
Net result for the year
+€24,034
Depreciation
+€118,888
Stocks and contracts
+€164,408
Receivables within one year
-€304,715
Deferred charges and accrued income
-€186
Provisions
-€3,565
Trade debts
+€13,794
Tax, wage and social debts
-€1,424
Other debts
+€28,463
Accrued charges and deferred income
+€183,529
Investment (derived)
+€14,293
Investment in fixed assets (net)
-€15,707
Current investments
+€30,000
Financing
-€112,150
Debts after one year
-€59,930
Current portion of long-term debt
-€2,420
Contributions, distributions and other
-€49,800
Cash 2025
€270,767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,572,906 | €1,705,586 | +€132,680 | +8.4% |
| Fixed assets | 21/28 | €1,050,735 | €947,554 | -€103,181 | -9.8% |
| Tangible fixed assets | 22/27 | €1,050,641 | €947,554 | -€103,087 | -9.8% |
| Land and buildings | 22 | €915,437 | €857,377 | -€58,061 | -6.3% |
| Plant, machinery and equipment | 23 | €22,389 | €16,365 | -€6,024 | -26.9% |
| Furniture and vehicles | 24 | €112,815 | €73,813 | -€39,002 | -34.6% |
| Financial fixed assets | 28 | €95 | - | -€95 | |
| Current assets | 29/58 | €522,171 | €758,032 | +€235,861 | +45.2% |
| Stocks and contracts in progress | 3 | €241,948 | €77,540 | -€164,408 | -68.0% |
| Stocks | 30/36 | €241,948 | €77,540 | -€164,408 | -68.0% |
| Amounts receivable within one year | 40/41 | €98,786 | €403,501 | +€304,715 | +308% |
| Trade receivables | 40 | €78,551 | €360,212 | +€281,661 | +359% |
| Other amounts receivable | 41 | €20,235 | €43,289 | +€23,054 | +114% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €145,398 | €270,767 | +€125,369 | +86.2% |
| Deferred charges and accrued income | 490/1 | €6,038 | €6,223 | +€186 | +3.1% |
| Total equity and liabilities | 10/49 | €1,572,906 | €1,705,586 | +€132,680 | +8.4% |
| Equity | 10/15 | €669,380 | €643,613 | -€25,766 | -3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €663,180 | €637,413 | -€25,766 | -3.9% |
| Tax-exempt reserves | 132 | €236,022 | €221,762 | -€14,260 | -6.0% |
| Distributable reserves | 133 | €427,158 | €415,651 | -€11,507 | -2.7% |
| Provisions and deferred taxes | 16 | €59,005 | €55,441 | -€3,565 | -6.0% |
| Deferred taxes | 168 | €59,005 | €55,441 | -€3,565 | -6.0% |
| Amounts payable | 17/49 | €844,521 | €1,006,532 | +€162,011 | +19.2% |
| Amounts payable after more than one year | 17 | €592,990 | €533,061 | -€59,930 | -10.1% |
| Financial debts | 170/4 | €592,990 | €533,061 | -€59,930 | -10.1% |
| Amounts payable within one year | 42/48 | €251,530 | €289,943 | +€38,412 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €62,350 | €59,930 | -€2,420 | -3.9% |
| Trade debts | 44 | €87,597 | €101,391 | +€13,794 | +15.7% |
| Suppliers | 440/4 | €87,597 | €101,391 | +€13,794 | +15.7% |
| Taxes, remuneration and social security | 45 | €66,713 | €65,289 | -€1,424 | -2.1% |
| Taxes | 450/3 | €8,572 | €11,212 | +€2,640 | +30.8% |
| Remuneration and social security | 454/9 | €58,141 | €54,077 | -€4,064 | -7.0% |
| Other amounts payable | 47/48 | €34,869 | €63,332 | +€28,463 | +81.6% |
| Accrued charges and deferred income | 492/3 | - | €183,529 | +€183,529 | |
| Non-recurring operating income | 76A | €1,000 | €82 | -€918 | -91.8% |
| Remuneration, social security and pensions | 62 | €354,202 | €385,417 | +€31,215 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,280 | €118,888 | +€608 | +0.5% |
| Other operating charges | 640/8 | €10,231 | €16,835 | +€6,604 | +64.5% |
| Non-recurring operating charges | 66A | €97 | - | -€97 | |
| Gross operating margin | 9900 | €492,483 | €567,164 | +€74,681 | +15.2% |
| Operating profit (loss) | 9901 | €9,673 | €46,024 | +€36,351 | +376% |
| Financial income | 75/76B | €3,268 | €4,845 | +€1,577 | +48.3% |
| Recurring financial income | 75 | €3,268 | €4,845 | +€1,577 | +48.3% |
| Financial charges | 65/66B | €12,342 | €9,383 | -€2,960 | -24.0% |
| Recurring financial charges | 65 | €12,342 | €9,383 | -€2,960 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €598 | €41,486 | +€40,888 | +6,838% |
| Transfer from deferred taxes | 780 | €3,565 | €3,565 | = | 0.0% |
| Income taxes | 67/77 | €6,858 | €21,017 | +€14,160 | +206% |
| Profit (loss) for the period | 9904 | -€2,695 | €24,034 | +€26,728 | |
| Transfer from tax-exempt reserves | 789 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,565 | €38,293 | +€26,728 | +231% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.