CGTL ELECTRICITE: 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.
CGTL ELECTRICITE
Largest movements
- Receivables within one year +€20,535
up €20,535 (+31.6%), from €64,931 to €85,466
of which Other amounts receivable: +€38,987
- Stocks and contracts +€19,973
up €19,973 (+17.4%), from €114,805 to €134,779
- Tangible fixed assets -€15,303
down €15,303 (-11.0%), from €139,323 to €124,020
of which Leasing and similar rights: -€20,403
- Cash -€9,480
down €9,480 (-52.1%), from €18,189 to €8,709
mainly Investment in fixed assets (net) (-€40,690) and Receivables within one year (-€20,535)
- Reserves +€19,648
up €19,648 (+9.5%), from €206,575 to €226,223
- Debts after one year -€15,582
down €15,582 (-30.3%), from €51,480 to €35,898
- Trade debts +€8,612
up €8,612 (+40.9%), from €21,050 to €29,663
- Other debts +€8,607
up €8,607 (+1,501%), from €573 to €9,180
- Current portion of long-term debt -€7,221
down €7,221 (-20.9%), from €34,553 to €27,332
- Gross operating margin -€70,751
down €70,751 (-27.1%), from €261,256 to €190,506
- Staff costs -€20,435
down €20,435 (-16.7%), from €122,642 to €102,208
- Taxes -€12,711
down €12,711 (-66.6%), from €19,087 to €6,375
- Depreciation +€4,182
up €4,182 (+8.0%), from €52,505 to €56,687
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.
Derived cash bridge
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 | €341,867 | €354,729 | +€12,862 | +3.8% |
| Formation expenses | 20 | €694 | - | -€694 | |
| Fixed assets | 21/28 | €139,323 | €124,020 | -€15,303 | -11.0% |
| Tangible fixed assets | 22/27 | €139,323 | €124,020 | -€15,303 | -11.0% |
| Land and buildings | 22 | €4,050 | €4,532 | +€482 | +11.9% |
| Plant, machinery and equipment | 23 | €60,658 | €60,367 | -€291 | -0.5% |
| Furniture and vehicles | 24 | €16,605 | €21,514 | +€4,909 | +29.6% |
| Leasing and similar rights | 25 | €58,010 | €37,608 | -€20,403 | -35.2% |
| Current assets | 29/58 | €201,850 | €230,709 | +€28,858 | +14.3% |
| Stocks and contracts in progress | 3 | €114,805 | €134,779 | +€19,973 | +17.4% |
| Stocks | 30/36 | €114,805 | €134,779 | +€19,973 | +17.4% |
| Amounts receivable within one year | 40/41 | €64,931 | €85,466 | +€20,535 | +31.6% |
| Trade receivables | 40 | €56,574 | €38,121 | -€18,452 | -32.6% |
| Other amounts receivable | 41 | €8,357 | €47,345 | +€38,987 | +467% |
| Cash at bank and in hand | 54/58 | €18,189 | €8,709 | -€9,480 | -52.1% |
| Deferred charges and accrued income | 490/1 | €3,925 | €1,756 | -€2,169 | -55.3% |
| Total equity and liabilities | 10/49 | €341,867 | €354,729 | +€12,862 | +3.8% |
| Equity | 10/15 | €224,575 | €244,223 | +€19,648 | +8.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €206,575 | €226,223 | +€19,648 | +9.5% |
| Distributable reserves | 133 | €206,575 | €226,223 | +€19,648 | +9.5% |
| Amounts payable | 17/49 | €117,292 | €110,506 | -€6,786 | -5.8% |
| Amounts payable after more than one year | 17 | €51,480 | €35,898 | -€15,582 | -30.3% |
| Financial debts | 170/4 | €51,480 | €35,898 | -€15,582 | -30.3% |
| Amounts payable within one year | 42/48 | €65,627 | €74,608 | +€8,981 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €34,553 | €27,332 | -€7,221 | -20.9% |
| Trade debts | 44 | €21,050 | €29,663 | +€8,612 | +40.9% |
| Suppliers | 440/4 | €21,050 | €29,663 | +€8,612 | +40.9% |
| Taxes, remuneration and social security | 45 | €9,451 | €8,434 | -€1,017 | -10.8% |
| Taxes | 450/3 | €58 | €52 | -€5 | -8.8% |
| Remuneration and social security | 454/9 | €9,393 | €8,381 | -€1,012 | -10.8% |
| Other amounts payable | 47/48 | €573 | €9,180 | +€8,607 | +1,501% |
| Accrued charges and deferred income | 492/3 | €185 | - | -€185 | |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €122,642 | €102,208 | -€20,435 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,505 | €56,687 | +€4,182 | +8.0% |
| Other operating charges | 640/8 | €4,173 | €2,187 | -€1,986 | -47.6% |
| Gross operating margin | 9900 | €261,256 | €190,506 | -€70,751 | -27.1% |
| Operating profit (loss) | 9901 | €81,936 | €29,424 | -€52,512 | -64.1% |
| Financial income | 75/76B | €16 | €1,068 | +€1,052 | +6,591% |
| Recurring financial income | 75 | €16 | €1,068 | +€1,052 | +6,591% |
| Financial charges | 65/66B | €5,505 | €4,469 | -€1,037 | -18.8% |
| Recurring financial charges | 65 | €5,505 | €4,469 | -€1,037 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €76,447 | €26,024 | -€50,423 | -66.0% |
| Income taxes | 67/77 | €19,087 | €6,375 | -€12,711 | -66.6% |
| Profit (loss) for the period | 9904 | €57,360 | €19,648 | -€37,712 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,360 | €19,648 | -€37,712 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.