VIE 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.
VIE ELEC
Largest movements
- Receivables within one year +€24,073
up €24,073 (+365%), from €6,601 to €30,674
of which Other amounts receivable: +€21,414
- Tangible fixed assets +€15,122
up €15,122 (+65.3%), from €23,157 to €38,279
of which Furniture and vehicles: +€15,685
- Cash -€10,090
down €10,090 (-41.2%), from €24,499 to €14,410
mainly Receivables within one year (-€24,073) and Investment in fixed assets (net) (-€23,969)
- Deferred charges and accrued income +€1,745
up €1,745 (+765%), from €228 to €1,973
- Financial fixed assets +€1,000
new in 2025: €1,000
- Profit (loss) carried forward +€32,161
up €32,161 (+95.2%), from €33,781 to €65,941
- Other debts +€2,029
up €2,029 (+1,771%), from €115 to €2,144
- Tax, wage and social debts -€1,549
down €1,549 (-16.2%), from €9,577 to €8,029
of which Remuneration and social security: -€1,799
- Gross operating margin +€4,877
up €4,877 (+10.5%), from €46,585 to €51,462
- Depreciation +€4,612
up €4,612 (+143%), from €3,235 to €7,847
- Staff costs +€2,101
new in 2025: €2,101
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 | €54,485 | €86,335 | +€31,850 | +58.5% |
| Fixed assets | 21/28 | €23,157 | €39,279 | +€16,122 | +69.6% |
| Tangible fixed assets | 22/27 | €23,157 | €38,279 | +€15,122 | +65.3% |
| Plant, machinery and equipment | 23 | €2,602 | €2,039 | -€563 | -21.6% |
| Furniture and vehicles | 24 | €20,554 | €36,239 | +€15,685 | +76.3% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €31,329 | €47,057 | +€15,728 | +50.2% |
| Amounts receivable within one year | 40/41 | €6,601 | €30,674 | +€24,073 | +365% |
| Trade receivables | 40 | €3,654 | €6,313 | +€2,659 | +72.8% |
| Other amounts receivable | 41 | €2,948 | €24,361 | +€21,414 | +726% |
| Cash at bank and in hand | 54/58 | €24,499 | €14,410 | -€10,090 | -41.2% |
| Deferred charges and accrued income | 490/1 | €228 | €1,973 | +€1,745 | +765% |
| Total equity and liabilities | 10/49 | €54,485 | €86,335 | +€31,850 | +58.5% |
| Equity | 10/15 | €36,781 | €68,941 | +€32,161 | +87.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,781 | €65,941 | +€32,161 | +95.2% |
| Amounts payable | 17/49 | €17,705 | €17,394 | -€311 | -1.8% |
| Amounts payable within one year | 42/48 | €17,705 | €17,394 | -€311 | -1.8% |
| Trade debts | 44 | €8,013 | €7,222 | -€791 | -9.9% |
| Suppliers | 440/4 | €2,713 | €7,222 | +€4,509 | +166% |
| Bills of exchange payable | 441 | €5,300 | - | -€5,300 | |
| Taxes, remuneration and social security | 45 | €9,577 | €8,029 | -€1,549 | -16.2% |
| Taxes | 450/3 | €5,677 | €5,927 | +€250 | +4.4% |
| Remuneration and social security | 454/9 | €3,900 | €2,101 | -€1,799 | -46.1% |
| Other amounts payable | 47/48 | €115 | €2,144 | +€2,029 | +1,771% |
| Remuneration, social security and pensions | 62 | - | €2,101 | +€2,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,235 | €7,847 | +€4,612 | +143% |
| Other operating charges | 640/8 | €451 | €527 | +€76 | +16.8% |
| Gross operating margin | 9900 | €46,585 | €51,462 | +€4,877 | +10.5% |
| Operating profit (loss) | 9901 | €42,899 | €40,987 | -€1,912 | -4.5% |
| Financial charges | 65/66B | €391 | €541 | +€150 | +38.3% |
| Recurring financial charges | 65 | €391 | €541 | +€150 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €42,508 | €40,446 | -€2,062 | -4.9% |
| Income taxes | 67/77 | €8,727 | €8,286 | -€442 | -5.1% |
| Profit (loss) for the period | 9904 | €33,781 | €32,161 | -€1,620 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,781 | €32,161 | -€1,620 | -4.8% |
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 26 October 2026 via checked.be.