VP ELECTRICITE CONSTRUCT: what changed
Two fiscal 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.
VP ELECTRICITE CONSTRUCT
Largest movements
- Receivables within one year +€92,069
up €92,069 (+39.8%), from €231,244 to €323,312
of which Trade receivables: +€60,261
- Cash -€35,590
down €35,590 (-73.2%), from €48,635 to €13,045
mainly Receivables within one year (-€92,069) and Contributions, distributions and other (-€65,000)
- Deferred charges and accrued income -€4,020
down €4,020 (-86.9%), from €4,624 to €604
- Other debts +€51,896
new in 2026: €51,896
- Profit (loss) carried forward -€46,987
down €46,987 (-48.2%), from €97,384 to €50,398
- Trade debts +€38,661
up €38,661 (+21.6%), from €179,181 to €217,841
- Tax, wage and social debts +€11,008
up €11,008 (+57.4%), from €19,183 to €30,190
of which Taxes: +€6,416
- Gross operating margin -€53,321
down €53,321 (-35.6%), from €149,932 to €96,611
- Taxes -€23,695
down €23,695 (-74.0%), from €32,007 to €8,312
- Depreciation -€4,318
down €4,318 (-40.3%), from €10,714 to €6,396
- Staff costs -€2,923
down €2,923 (-4.8%), from €61,528 to €58,605
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,134 | €351,526 | +€53,392 | +17.9% |
| Fixed assets | 21/28 | €13,632 | €14,564 | +€933 | +6.8% |
| Tangible fixed assets | 22/27 | €9,249 | €10,181 | +€933 | +10.1% |
| Plant, machinery and equipment | 23 | €1,532 | €510 | -€1,021 | -66.7% |
| Furniture and vehicles | 24 | €4,896 | €9,671 | +€4,775 | +97.5% |
| Leasing and similar rights | 25 | €2,821 | €0 | -€2,821 | -100.0% |
| Financial fixed assets | 28 | €4,383 | €4,383 | = | 0.0% |
| Current assets | 29/58 | €284,503 | €336,961 | +€52,459 | +18.4% |
| Amounts receivable within one year | 40/41 | €231,244 | €323,312 | +€92,069 | +39.8% |
| Trade receivables | 40 | €184,721 | €244,982 | +€60,261 | +32.6% |
| Other amounts receivable | 41 | €46,523 | €78,330 | +€31,807 | +68.4% |
| Cash at bank and in hand | 54/58 | €48,635 | €13,045 | -€35,590 | -73.2% |
| Deferred charges and accrued income | 490/1 | €4,624 | €604 | -€4,020 | -86.9% |
| Total equity and liabilities | 10/49 | €298,134 | €351,526 | +€53,392 | +17.9% |
| Equity | 10/15 | €97,386 | €50,399 | -€46,987 | -48.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,384 | €50,398 | -€46,987 | -48.2% |
| Amounts payable | 17/49 | €200,749 | €301,127 | +€100,378 | +50.0% |
| Amounts payable within one year | 42/48 | €200,749 | €301,127 | +€100,378 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €2,385 | €1,199 | -€1,186 | -49.7% |
| Trade debts | 44 | €179,181 | €217,841 | +€38,661 | +21.6% |
| Suppliers | 440/4 | €179,181 | €217,841 | +€38,661 | +21.6% |
| Taxes, remuneration and social security | 45 | €19,183 | €30,190 | +€11,008 | +57.4% |
| Taxes | 450/3 | €15,213 | €21,629 | +€6,416 | +42.2% |
| Remuneration and social security | 454/9 | €3,969 | €8,561 | +€4,592 | +115.7% |
| Other amounts payable | 47/48 | - | €51,896 | +€51,896 | |
| Remuneration, social security and pensions | 62 | €61,528 | €58,605 | -€2,923 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,714 | €6,396 | -€4,318 | -40.3% |
| Other operating charges | 640/8 | €4,608 | €4,370 | -€239 | -5.2% |
| Non-recurring operating charges | 66A | €339 | - | -€339 | |
| Gross operating margin | 9900 | €149,932 | €96,611 | -€53,321 | -35.6% |
| Operating profit (loss) | 9901 | €72,742 | €27,240 | -€45,502 | -62.6% |
| Financial income | 75/76B | €471 | €240 | -€231 | -49.0% |
| Recurring financial income | 75 | €471 | €240 | -€231 | -49.0% |
| Financial charges | 65/66B | €1,653 | €1,155 | -€498 | -30.1% |
| Recurring financial charges | 65 | €1,653 | €1,155 | -€498 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €71,560 | €26,325 | -€45,235 | -63.2% |
| Income taxes | 67/77 | €32,007 | €8,312 | -€23,695 | -74.0% |
| Profit (loss) for the period | 9904 | €39,553 | €18,013 | -€21,540 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,553 | €18,013 | -€21,540 | -54.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.