VK ELECTRICS: 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.
VK ELECTRICS
Largest movements
- Tangible fixed assets -€12,086
down €12,086 (-27.7%), from €43,607 to €31,521
of which Leasing and similar rights: -€6,578
- Receivables within one year -€8,689
down €8,689 (-16.1%), from €54,073 to €45,384
of which Trade receivables: -€6,830
- Cash +€2,961
up €2,961 (+17.2%), from €17,223 to €20,184
mainly Depreciation (+€12,586) and Receivables within one year (+€8,689)
- Advances received -€12,898
no longer reported in 2025 (was €12,898)
- Profit (loss) carried forward -€8,115
new in 2025: -€8,115
- Other debts +€6,716
up €6,716 (+39.9%), from €16,818 to €23,534
- Debts after one year -€6,351
down €6,351 (-25.1%), from €25,348 to €18,997
- Accrued charges and deferred income +€4,857
new in 2025: €4,857
- Staff costs +€7,382
up €7,382 (+20.1%), from €36,689 to €44,071
- Gross operating margin +€5,165
up €5,165 (+10.9%), from €47,182 to €52,347
- Depreciation +€4,829
up €4,829 (+62.3%), from €7,757 to €12,586
- Financial charges +€1,328
up €1,328 (+104%), from €1,277 to €2,605
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 | €135,219 | €117,260 | -€17,959 | -13.3% |
| Fixed assets | 21/28 | €45,397 | €32,811 | -€12,586 | -27.7% |
| Intangible fixed assets | 21 | €990 | €490 | -€500 | -50.5% |
| Tangible fixed assets | 22/27 | €43,607 | €31,521 | -€12,086 | -27.7% |
| Plant, machinery and equipment | 23 | €4,845 | €3,067 | -€1,778 | -36.7% |
| Furniture and vehicles | 24 | €7,388 | €3,658 | -€3,730 | -50.5% |
| Leasing and similar rights | 25 | €31,373 | €24,795 | -€6,578 | -21.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €89,822 | €84,449 | -€5,373 | -6.0% |
| Stocks and contracts in progress | 3 | €15,000 | €15,500 | +€500 | +3.3% |
| Stocks | 30/36 | €15,000 | €15,500 | +€500 | +3.3% |
| Amounts receivable within one year | 40/41 | €54,073 | €45,384 | -€8,689 | -16.1% |
| Trade receivables | 40 | €42,134 | €35,303 | -€6,830 | -16.2% |
| Other amounts receivable | 41 | €11,939 | €10,081 | -€1,858 | -15.6% |
| Cash at bank and in hand | 54/58 | €17,223 | €20,184 | +€2,961 | +17.2% |
| Deferred charges and accrued income | 490/1 | €3,526 | €3,380 | -€146 | -4.1% |
| Total equity and liabilities | 10/49 | €135,219 | €117,260 | -€17,959 | -13.3% |
| Equity | 10/15 | €41,597 | €33,481 | -€8,115 | -19.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €33,597 | €33,597 | = | 0.0% |
| Distributable reserves | 133 | €33,597 | €33,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,115 | -€8,115 | |
| Amounts payable | 17/49 | €93,622 | €83,779 | -€9,844 | -10.5% |
| Amounts payable after more than one year | 17 | €25,348 | €18,997 | -€6,351 | -25.1% |
| Financial debts | 170/4 | €25,348 | €18,997 | -€6,351 | -25.1% |
| Amounts payable within one year | 42/48 | €68,274 | €59,924 | -€8,350 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €13,191 | €10,561 | -€2,630 | -19.9% |
| Trade debts | 44 | €13,273 | €16,689 | +€3,417 | +25.7% |
| Suppliers | 440/4 | €13,273 | €16,689 | +€3,417 | +25.7% |
| Advances received on contracts in progress | 46 | €12,898 | - | -€12,898 | |
| Taxes, remuneration and social security | 45 | €12,095 | €9,140 | -€2,955 | -24.4% |
| Taxes | 450/3 | €1,089 | €203 | -€886 | -81.4% |
| Remuneration and social security | 454/9 | €11,006 | €8,937 | -€2,069 | -18.8% |
| Other amounts payable | 47/48 | €16,818 | €23,534 | +€6,716 | +39.9% |
| Accrued charges and deferred income | 492/3 | - | €4,857 | +€4,857 | |
| Remuneration, social security and pensions | 62 | €36,689 | €44,071 | +€7,382 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,757 | €12,586 | +€4,829 | +62.3% |
| Other operating charges | 640/8 | €823 | €1,216 | +€393 | +47.7% |
| Gross operating margin | 9900 | €47,182 | €52,347 | +€5,165 | +10.9% |
| Operating profit (loss) | 9901 | €1,913 | -€5,525 | -€7,438 | |
| Financial income | 75/76B | €64 | €15 | -€49 | -76.2% |
| Recurring financial income | 75 | €64 | €15 | -€49 | -76.2% |
| Financial charges | 65/66B | €1,277 | €2,605 | +€1,328 | +104% |
| Recurring financial charges | 65 | €1,277 | €2,605 | +€1,328 | +104% |
| Profit (loss) for the period before taxes | 9903 | €699 | -€8,115 | -€8,815 | |
| Income taxes | 67/77 | €451 | - | -€451 | |
| Profit (loss) for the period | 9904 | €249 | -€8,115 | -€8,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €249 | -€8,115 | -€8,364 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.