VLG 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.
VLG Elektro
Largest movements
- Stocks and contracts -€287,621
down €287,621 (-45.8%), from €628,575 to €340,954
of which Stocks: -€283,789
- Receivables within one year +€119,060
up €119,060 (+284%), from €41,974 to €161,034
of which Trade receivables: +€134,646
- Tangible fixed assets +€78,978
up €78,978 (+182%), from €43,456 to €122,434
of which Furniture and vehicles: +€79,679
- Cash +€17,192
up €17,192 (+59.0%), from €29,158 to €46,350
mainly Stocks and contracts (+€287,621) and Trade debts (+€103,269)
- Short-term financial debts -€206,559
down €206,559 (-49.9%), from €414,234 to €207,675
- Trade debts +€103,269
up €103,269 (+716%), from €14,422 to €117,691
- Debts after one year +€63,129
up €63,129 (+637%), from €9,909 to €73,038
- Tax, wage and social debts -€40,305
down €40,305 (-95.9%), from €42,038 to €1,734
of which Remuneration and social security: -€36,364
- Other debts -€35,000
down €35,000 (-93.3%), from €37,500 to €2,500
- Financial charges -€28,892
down €28,892 (-79.7%), from €36,269 to €7,377
- Staff costs -€13,723
down €13,723 (-98.1%), from €13,990 to €267
- Taxes +€8,023
up €8,023 (+266%), from €3,013 to €11,036
- Depreciation +€4,554
up €4,554 (+21.5%), from €21,139 to €25,693
- Other operating charges +€806
up €806 (+34.5%), from €2,334 to €3,140
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 | €770,250 | €697,261 | -€72,988 | -9.5% |
| Fixed assets | 21/28 | €44,170 | €122,584 | +€78,413 | +178% |
| Tangible fixed assets | 22/27 | €43,456 | €122,434 | +€78,978 | +182% |
| Plant, machinery and equipment | 23 | €1,267 | €565 | -€701 | -55.4% |
| Furniture and vehicles | 24 | €42,189 | €121,869 | +€79,679 | +189% |
| Financial fixed assets | 28 | €715 | €150 | -€565 | -79.0% |
| Current assets | 29/58 | €726,079 | €574,678 | -€151,402 | -20.9% |
| Amounts receivable after more than one year | 29 | €23,500 | €23,500 | = | 0.0% |
| Other amounts receivable | 291 | €23,500 | €23,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €628,575 | €340,954 | -€287,621 | -45.8% |
| Stocks | 30/36 | €624,488 | €340,698 | -€283,789 | -45.4% |
| Contracts in progress | 37 | €4,087 | €256 | -€3,831 | -93.7% |
| Amounts receivable within one year | 40/41 | €41,974 | €161,034 | +€119,060 | +284% |
| Trade receivables | 40 | €6,061 | €140,707 | +€134,646 | +2,221% |
| Other amounts receivable | 41 | €35,913 | €20,327 | -€15,586 | -43.4% |
| Cash at bank and in hand | 54/58 | €29,158 | €46,350 | +€17,192 | +59.0% |
| Deferred charges and accrued income | 490/1 | €2,872 | €2,840 | -€32 | -1.1% |
| Total equity and liabilities | 10/49 | €770,250 | €697,261 | -€72,988 | -9.5% |
| Equity | 10/15 | €238,914 | €268,170 | +€29,256 | +12.2% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €232,514 | €261,770 | +€29,256 | +12.6% |
| Distributable reserves | 133 | €232,514 | €261,770 | +€29,256 | +12.6% |
| Amounts payable | 17/49 | €531,336 | €429,091 | -€102,244 | -19.2% |
| Amounts payable after more than one year | 17 | €9,909 | €73,038 | +€63,129 | +637% |
| Financial debts | 170/4 | €9,909 | €73,038 | +€63,129 | +637% |
| Amounts payable within one year | 42/48 | €520,942 | €355,276 | -€165,666 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €12,597 | €25,526 | +€12,928 | +103% |
| Financial debts | 43 | €414,234 | €207,675 | -€206,559 | -49.9% |
| Credit institutions | 430/8 | €414,234 | €207,675 | -€206,559 | -49.9% |
| Trade debts | 44 | €14,422 | €117,691 | +€103,269 | +716% |
| Suppliers | 440/4 | €14,422 | €117,691 | +€103,269 | +716% |
| Advances received on contracts in progress | 46 | €151 | €151 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,038 | €1,734 | -€40,305 | -95.9% |
| Taxes | 450/3 | €5,675 | €1,734 | -€3,941 | -69.4% |
| Remuneration and social security | 454/9 | €36,364 | €0 | -€36,364 | -100% |
| Other amounts payable | 47/48 | €37,500 | €2,500 | -€35,000 | -93.3% |
| Accrued charges and deferred income | 492/3 | €485 | €777 | +€292 | +60.3% |
| Non-recurring operating income | 76A | €3,970 | €21,866 | +€17,896 | +451% |
| Remuneration, social security and pensions | 62 | €13,990 | €267 | -€13,723 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,139 | €25,693 | +€4,554 | +21.5% |
| Other operating charges | 640/8 | €2,334 | €3,140 | +€806 | +34.5% |
| Gross operating margin | 9900 | €75,630 | €74,893 | -€737 | -1.0% |
| Operating profit (loss) | 9901 | €38,167 | €45,794 | +€7,626 | +20.0% |
| Financial income | 75/76B | €1,324 | €1,875 | +€551 | +41.6% |
| Recurring financial income | 75 | €1,324 | €1,875 | +€551 | +41.6% |
| Financial charges | 65/66B | €36,269 | €7,377 | -€28,892 | -79.7% |
| Recurring financial charges | 65 | €36,269 | €7,377 | -€28,892 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €3,222 | €40,292 | +€37,070 | +1,151% |
| Income taxes | 67/77 | €3,013 | €11,036 | +€8,023 | +266% |
| Profit (loss) for the period | 9904 | €209 | €29,256 | +€29,047 | +13,913% |
| Profit (loss) for the period to be appropriated | 9905 | €209 | €29,256 | +€29,047 | +13,913% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.