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.
ELEKTRO VANRUSSELT
Largest movements
- Receivables within one year +€26,870
up €26,870 (+40.5%), from €66,388 to €93,258
of which Other amounts receivable: +€16,828
- Tangible fixed assets -€6,835
down €6,835 (-28.7%), from €23,810 to €16,975
of which Leasing and similar rights: -€4,960
- Cash -€3,120
down €3,120 (-100.0%), from €3,120 to €1
mainly Receivables within one year (-€26,870) and Trade debts (-€11,729)
- Profit (loss) carried forward +€28,660
new in 2025: €28,660
- Trade debts -€11,729
down €11,729 (-24.0%), from €48,950 to €37,221
- Tax, wage and social debts +€6,818
up €6,818 (+88.4%), from €7,710 to €14,528
- Debts after one year -€6,012
down €6,012 (-54.3%), from €11,082 to €5,070
- Provisions -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€4,620
up €4,620 (+12.3%), from €37,511 to €42,131
- Financial income +€1,628
up €1,628 (+87.8%), from €1,854 to €3,482
- Other operating charges +€1,260
up €1,260 (+141.9%), from €888 to €2,149
- Financial charges -€914
down €914 (-61.0%), from €1,499 to €585
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 | €93,707 | €111,444 | +€17,737 | +18.9% |
| Fixed assets | 21/28 | €23,810 | €16,975 | -€6,835 | -28.7% |
| Tangible fixed assets | 22/27 | €23,810 | €16,975 | -€6,835 | -28.7% |
| Plant, machinery and equipment | 23 | €1,859 | €1,433 | -€426 | -22.9% |
| Furniture and vehicles | 24 | €3,358 | €1,909 | -€1,449 | -43.2% |
| Leasing and similar rights | 25 | €18,593 | €13,633 | -€4,960 | -26.7% |
| Current assets | 29/58 | €69,897 | €94,469 | +€24,573 | +35.2% |
| Amounts receivable within one year | 40/41 | €66,388 | €93,258 | +€26,870 | +40.5% |
| Trade receivables | 40 | €6,479 | €16,521 | +€10,042 | +155.0% |
| Other amounts receivable | 41 | €59,909 | €76,737 | +€16,828 | +28.1% |
| Cash at bank and in hand | 54/58 | €3,120 | €1 | -€3,120 | -100.0% |
| Deferred charges and accrued income | 490/1 | €388 | €1,210 | +€822 | +211.8% |
| Total equity and liabilities | 10/49 | €93,707 | €111,444 | +€17,737 | +18.9% |
| Equity | 10/15 | €19,952 | €48,612 | +€28,660 | +143.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,452 | €17,452 | = | 0.0% |
| Distributable reserves | 133 | €17,452 | €17,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €28,660 | +€28,660 | |
| Amounts payable | 17/49 | €73,755 | €62,832 | -€10,923 | -14.8% |
| Amounts payable after more than one year | 17 | €11,082 | €5,070 | -€6,012 | -54.3% |
| Financial debts | 170/4 | €11,082 | €5,070 | -€6,012 | -54.3% |
| Amounts payable within one year | 42/48 | €62,672 | €57,762 | -€4,910 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €6,012 | €6,013 | +€1 | 0.0% |
| Trade debts | 44 | €48,950 | €37,221 | -€11,729 | -24.0% |
| Suppliers | 440/4 | €48,950 | €37,221 | -€11,729 | -24.0% |
| Taxes, remuneration and social security | 45 | €7,710 | €14,528 | +€6,818 | +88.4% |
| Taxes | 450/3 | €7,710 | €14,528 | +€6,818 | +88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,468 | €6,835 | -€633 | -8.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €888 | €2,149 | +€1,260 | +141.9% |
| Gross operating margin | 9900 | €37,511 | €42,131 | +€4,620 | +12.3% |
| Operating profit (loss) | 9901 | €24,155 | €33,147 | +€8,992 | +37.2% |
| Financial income | 75/76B | €1,854 | €3,482 | +€1,628 | +87.8% |
| Recurring financial income | 75 | €1,854 | €3,482 | +€1,628 | +87.8% |
| Financial charges | 65/66B | €1,499 | €585 | -€914 | -61.0% |
| Recurring financial charges | 65 | €1,499 | €585 | -€914 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €24,510 | €36,044 | +€11,534 | +47.1% |
| Income taxes | 67/77 | €7,058 | €7,384 | +€326 | +4.6% |
| Profit (loss) for the period | 9904 | €17,452 | €28,660 | +€11,208 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,452 | €28,660 | +€11,208 | +64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.