CG Elec: 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.
CG Elec
Largest movements
- Receivables within one year -€5,666
down €5,666 (-65.9%), from €8,603 to €2,937
of which Trade receivables: -€3,290
- Tangible fixed assets -€5,174
down €5,174 (-44.1%), from €11,736 to €6,562
of which Plant, machinery and equipment: -€3,936
- Cash +€1,477
up €1,477 (+146%), from €1,013 to €2,490
mainly Receivables within one year (+€5,666) and Net result for the year (+€4,876)
- Stocks and contracts +€894
up €894 (+21.0%), from €4,250 to €5,144
- Trade debts -€15,146
down €15,146 (-68.9%), from €21,990 to €6,844
- Profit (loss) carried forward +€4,876
up €4,876, from -€981 to €3,895
- Advances received +€2,620
new in 2024: €2,620
- Other debts -€555
no longer reported in 2024 (was €555)
- Tax, wage and social debts -€378
down €378 (-70.8%), from €534 to €156
of which Remuneration and social security: -€260
- Gross operating margin +€19,386
up €19,386, from -€6,473 to €12,914
- Other operating charges -€290
down €290 (-38.2%), from €760 to €470
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,215 | €17,515 | -€8,700 | -33.2% |
| Fixed assets | 21/28 | €12,211 | €6,837 | -€5,374 | -44.0% |
| Intangible fixed assets | 21 | €475 | €275 | -€200 | -42.1% |
| Tangible fixed assets | 22/27 | €11,736 | €6,562 | -€5,174 | -44.1% |
| Plant, machinery and equipment | 23 | €7,505 | €3,570 | -€3,936 | -52.4% |
| Furniture and vehicles | 24 | €4,231 | €2,993 | -€1,239 | -29.3% |
| Current assets | 29/58 | €14,004 | €10,678 | -€3,326 | -23.7% |
| Stocks and contracts in progress | 3 | €4,250 | €5,144 | +€894 | +21.0% |
| Stocks | 30/36 | €4,250 | €5,144 | +€894 | +21.0% |
| Amounts receivable within one year | 40/41 | €8,603 | €2,937 | -€5,666 | -65.9% |
| Trade receivables | 40 | €3,290 | - | -€3,290 | |
| Other amounts receivable | 41 | €5,313 | €2,937 | -€2,376 | -44.7% |
| Cash at bank and in hand | 54/58 | €1,013 | €2,490 | +€1,477 | +146% |
| Deferred charges and accrued income | 490/1 | €138 | €107 | -€30 | -22.0% |
| Total equity and liabilities | 10/49 | €26,215 | €17,515 | -€8,700 | -33.2% |
| Equity | 10/15 | €3,019 | €7,895 | +€4,876 | +162% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€981 | €3,895 | +€4,876 | |
| Amounts payable | 17/49 | €23,196 | €9,620 | -€13,576 | -58.5% |
| Amounts payable within one year | 42/48 | €23,079 | €9,620 | -€13,459 | -58.3% |
| Trade debts | 44 | €21,990 | €6,844 | -€15,146 | -68.9% |
| Suppliers | 440/4 | €21,990 | €6,844 | -€15,146 | -68.9% |
| Advances received on contracts in progress | 46 | - | €2,620 | +€2,620 | |
| Taxes, remuneration and social security | 45 | €534 | €156 | -€378 | -70.8% |
| Taxes | 450/3 | €274 | €156 | -€118 | -43.1% |
| Remuneration and social security | 454/9 | €260 | - | -€260 | |
| Other amounts payable | 47/48 | €555 | - | -€555 | |
| Accrued charges and deferred income | 492/3 | €117 | - | -€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,785 | €2,867 | +€81 | +2.9% |
| Other operating charges | 640/8 | €760 | €470 | -€290 | -38.2% |
| Non-recurring operating charges | 66A | €14 | €4,071 | +€4,057 | +28,852% |
| Gross operating margin | 9900 | -€6,473 | €12,914 | +€19,386 | |
| Operating profit (loss) | 9901 | -€10,032 | €5,506 | +€15,539 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.8% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.8% |
| Financial charges | 65/66B | €636 | €630 | -€6 | -0.9% |
| Recurring financial charges | 65 | €636 | €630 | -€6 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,648 | €4,876 | +€15,525 | |
| Income taxes | 67/77 | -€87 | - | +€87 | |
| Profit (loss) for the period | 9904 | -€10,561 | €4,876 | +€15,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,561 | €4,876 | +€15,437 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.