VOET ELECTRO: 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.
VOET ELECTRO
Largest movements
- Cash +€25,525
up €25,525 (+24.3%), from €105,035 to €130,560
mainly Net result for the year (+€25,123) and Receivables within one year (+€10,870)
- Stocks and contracts +€17,500
new in 2025: €17,500
of which Contracts in progress: +€15,000
- Receivables within one year -€10,870
down €10,870 (-7.8%), from €139,346 to €128,476
of which Trade receivables: -€16,589
- Reserves +€22,000
up €22,000 (+27.5%), from €80,000 to €102,000
of which Distributable reserves: +€22,000
- Trade debts +€5,524
new in 2025: €5,524
- Profit (loss) carried forward +€3,123
up €3,123 (+1.8%), from €175,502 to €178,625
- Gross operating margin +€21,351
up €21,351 (+77.7%), from €27,468 to €48,819
- Staff costs +€7,677
new in 2025: €7,677
- Taxes -€5,158
down €5,158 (-45.0%), from €11,469 to €6,311
- Depreciation +€1,341
up €1,341 (+16.0%), from €8,367 to €9,708
- Other operating charges -€963
no longer reported in 2025 (was €963)
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.
Cash bridge derived
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 | €269,862 | €300,509 | +€30,647 | +11.4% |
| Fixed assets | 21/28 | €25,481 | €23,973 | -€1,508 | -5.9% |
| Tangible fixed assets | 22/27 | €25,481 | €23,973 | -€1,508 | -5.9% |
| Plant, machinery and equipment | 23 | €3,658 | €3,657 | -€1 | 0.0% |
| Furniture and vehicles | 24 | €21,823 | €20,316 | -€1,507 | -6.9% |
| Current assets | 29/58 | €244,381 | €276,536 | +€32,155 | +13.2% |
| Stocks and contracts in progress | 3 | - | €17,500 | +€17,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €139,346 | €128,476 | -€10,870 | -7.8% |
| Trade receivables | 40 | €21,406 | €4,817 | -€16,589 | -77.5% |
| Other amounts receivable | 41 | €117,940 | €123,659 | +€5,719 | +4.8% |
| Cash at bank and in hand | 54/58 | €105,035 | €130,560 | +€25,525 | +24.3% |
| Total equity and liabilities | 10/49 | €269,862 | €300,509 | +€30,647 | +11.4% |
| Equity | 10/15 | €269,862 | €294,985 | +€25,123 | +9.3% |
| Contributions | 10/11 | €14,360 | €14,360 | = | 0.0% |
| Reserves | 13 | €80,000 | €102,000 | +€22,000 | +27.5% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €84,000 | +€22,000 | +35.5% |
| Profit (loss) carried forward | 14 | €175,502 | €178,625 | +€3,123 | +1.8% |
| Amounts payable | 17/49 | - | €5,524 | +€5,524 | |
| Amounts payable within one year | 42/48 | - | €5,524 | +€5,524 | |
| Trade debts | 44 | - | €5,524 | +€5,524 | |
| Suppliers | 440/4 | - | €5,524 | +€5,524 | |
| Remuneration, social security and pensions | 62 | - | €7,677 | +€7,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,367 | €9,708 | +€1,341 | +16.0% |
| Other operating charges | 640/8 | €963 | - | -€963 | |
| Gross operating margin | 9900 | €27,468 | €48,819 | +€21,351 | +77.7% |
| Operating profit (loss) | 9901 | €18,138 | €31,434 | +€13,296 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €18,138 | €31,434 | +€13,296 | +73.3% |
| Income taxes | 67/77 | €11,469 | €6,311 | -€5,158 | -45.0% |
| Profit (loss) for the period | 9904 | €6,669 | €25,123 | +€18,454 | +276.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,669 | €25,123 | +€18,454 | +276.7% |
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 11 October 2026 via checked.be.