VP 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.
VP ELECTRO
Largest movements
- Tangible fixed assets +€47,837
new in 2025: €47,837
- Cash -€4,486
down €4,486 (-15.9%), from €28,179 to €23,693
mainly Investment in fixed assets (net) (-€55,704) and Other debts (-€13,208)
- Receivables within one year -€2,719
down €2,719 (-3.9%), from €69,246 to €66,527
of which Other amounts receivable: -€5,668
- Debts after one year +€30,877
new in 2025: €30,877
- Other debts -€13,208
down €13,208 (-53.2%), from €24,840 to €11,631
- Trade debts +€12,569
up €12,569 (+63.1%), from €19,904 to €32,473
- Reserves +€11,350
up €11,350 (+54.2%), from €20,930 to €32,280
of which Distributable reserves: +€13,210
- Tax, wage and social debts -€10,264
down €10,264 (-44.9%), from €22,851 to €12,587
- Gross operating margin -€12,412
down €12,412 (-28.1%), from €44,159 to €31,747
- Depreciation +€7,867
new in 2025: €7,867
- Other operating charges +€3,267
up €3,267 (+324.1%), from €1,008 to €4,275
- Financial income -€1,855
down €1,855 (-80.2%), from €2,314 to €459
- Financial charges +€1,670
up €1,670 (+98.7%), from €1,692 to €3,362
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 | €98,105 | €139,221 | +€41,116 | +41.9% |
| Fixed assets | 21/28 | - | €47,837 | +€47,837 | |
| Tangible fixed assets | 22/27 | - | €47,837 | +€47,837 | |
| Furniture and vehicles | 24 | - | €47,837 | +€47,837 | |
| Current assets | 29/58 | €98,105 | €91,385 | -€6,720 | -6.9% |
| Amounts receivable within one year | 40/41 | €69,246 | €66,527 | -€2,719 | -3.9% |
| Trade receivables | 40 | €51,451 | €54,400 | +€2,949 | +5.7% |
| Other amounts receivable | 41 | €17,795 | €12,127 | -€5,668 | -31.9% |
| Cash at bank and in hand | 54/58 | €28,179 | €23,693 | -€4,486 | -15.9% |
| Deferred charges and accrued income | 490/1 | €679 | €1,164 | +€485 | +71.4% |
| Total equity and liabilities | 10/49 | €98,105 | €139,221 | +€41,116 | +41.9% |
| Equity | 10/15 | €27,130 | €38,480 | +€11,350 | +41.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,930 | €32,280 | +€11,350 | +54.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €19,070 | €32,280 | +€13,210 | +69.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,975 | €100,741 | +€29,766 | +41.9% |
| Amounts payable after more than one year | 17 | - | €30,877 | +€30,877 | |
| Financial debts | 170/4 | - | €30,877 | +€30,877 | |
| Amounts payable within one year | 42/48 | €70,975 | €69,453 | -€1,522 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €3,380 | €12,761 | +€9,381 | +277.6% |
| Trade debts | 44 | €19,904 | €32,473 | +€12,569 | +63.1% |
| Suppliers | 440/4 | €19,904 | €32,473 | +€12,569 | +63.1% |
| Taxes, remuneration and social security | 45 | €22,851 | €12,587 | -€10,264 | -44.9% |
| Taxes | 450/3 | €22,851 | €12,587 | -€10,264 | -44.9% |
| Other amounts payable | 47/48 | €24,840 | €11,631 | -€13,208 | -53.2% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,867 | +€7,867 | |
| Other operating charges | 640/8 | €1,008 | €4,275 | +€3,267 | +324.1% |
| Non-recurring operating charges | 66A | €20,000 | €0 | -€20,000 | -100.0% |
| Gross operating margin | 9900 | €44,159 | €31,747 | -€12,412 | -28.1% |
| Operating profit (loss) | 9901 | €23,151 | €19,605 | -€3,546 | -15.3% |
| Financial income | 75/76B | €2,314 | €459 | -€1,855 | -80.2% |
| Recurring financial income | 75 | €2,314 | €459 | -€1,855 | -80.2% |
| Financial charges | 65/66B | €1,692 | €3,362 | +€1,670 | +98.7% |
| Recurring financial charges | 65 | €1,692 | €3,362 | +€1,670 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | €23,773 | €16,702 | -€7,071 | -29.7% |
| Income taxes | 67/77 | €4,972 | €5,351 | +€379 | +7.6% |
| Profit (loss) for the period | 9904 | €18,801 | €11,350 | -€7,451 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,801 | €11,350 | -€7,451 | -39.6% |
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 9 October 2026 via checked.be.