ELECTRO G.P.: 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.
ELECTRO G.P.
Largest movements
- Tangible fixed assets -€54,625
down €54,625 (-3.3%), from €1.7m to €1.6m
of which Land and buildings: -€109,328
- Receivables within one year +€52,026
up €52,026 (+63.8%), from €81,494 to €133,520
of which Other amounts receivable: +€33,184
- Deferred charges and accrued income -€44,521
down €44,521 (-95.4%), from €46,663 to €2,142
- Cash -€26,272
down €26,272 (-18.4%), from €142,841 to €116,569
mainly Investment in fixed assets (net) (-€207,046) and Net result for the year (-€70,652)
- Other debts +€79,778
up €79,778 (+74.1%), from €107,681 to €187,458
- Reserves -€70,652
down €70,652 (-5.0%), from €1.4m to €1.3m
of which Distributable reserves: -€65,402
- Debts after one year -€55,566
down €55,566 (-20.0%), from €277,230 to €221,665
of which Financial debts: -€55,566
- Tax, wage and social debts -€23,218
down €23,218 (-35.1%), from €66,064 to €42,846
of which Taxes: -€28,335
- Staff costs +€50,397
up €50,397 (+13.5%), from €372,070 to €422,467
- Depreciation +€20,966
up €20,966 (+8.9%), from €235,043 to €256,009
- Financial income -€13,447
down €13,447 (-98.6%), from €13,644 to €197
- Gross operating margin -€11,531
down €11,531 (-1.7%), from €662,909 to €651,378
- Financial charges -€9,749
down €9,749 (-26.9%), from €36,220 to €26,470
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 | €2,086,541 | €2,012,493 | -€74,049 | -3.5% |
| Fixed assets | 21/28 | €1,693,866 | €1,644,904 | -€48,963 | -2.9% |
| Intangible fixed assets | 21 | €19,551 | €25,173 | +€5,622 | +28.8% |
| Tangible fixed assets | 22/27 | €1,672,908 | €1,618,283 | -€54,625 | -3.3% |
| Land and buildings | 22 | €974,398 | €865,070 | -€109,328 | -11.2% |
| Plant, machinery and equipment | 23 | €302,826 | €316,620 | +€13,794 | +4.6% |
| Furniture and vehicles | 24 | €6,094 | €108,337 | +€102,242 | +1,678% |
| Leasing and similar rights | 25 | €389,590 | €328,257 | -€61,334 | -15.7% |
| Financial fixed assets | 28 | €1,408 | €1,448 | +€40 | +2.8% |
| Current assets | 29/58 | €392,675 | €367,589 | -€25,086 | -6.4% |
| Stocks and contracts in progress | 3 | €121,181 | €114,863 | -€6,318 | -5.2% |
| Stocks | 30/36 | €121,181 | €114,863 | -€6,318 | -5.2% |
| Amounts receivable within one year | 40/41 | €81,494 | €133,520 | +€52,026 | +63.8% |
| Trade receivables | 40 | €49,210 | €68,052 | +€18,842 | +38.3% |
| Other amounts receivable | 41 | €32,284 | €65,468 | +€33,184 | +103% |
| Current investments | 50/53 | €496 | €496 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,841 | €116,569 | -€26,272 | -18.4% |
| Deferred charges and accrued income | 490/1 | €46,663 | €2,142 | -€44,521 | -95.4% |
| Total equity and liabilities | 10/49 | €2,086,541 | €2,012,493 | -€74,049 | -3.5% |
| Equity | 10/15 | €1,423,138 | €1,352,486 | -€70,652 | -5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,404,546 | €1,333,894 | -€70,652 | -5.0% |
| Tax-exempt reserves | 132 | €42,000 | €36,750 | -€5,250 | -12.5% |
| Distributable reserves | 133 | €1,362,546 | €1,297,144 | -€65,402 | -4.8% |
| Provisions and deferred taxes | 16 | €14,000 | €12,250 | -€1,750 | -12.5% |
| Deferred taxes | 168 | €14,000 | €12,250 | -€1,750 | -12.5% |
| Amounts payable | 17/49 | €649,403 | €647,757 | -€1,647 | -0.3% |
| Amounts payable after more than one year | 17 | €277,230 | €221,665 | -€55,566 | -20.0% |
| Financial debts | 170/4 | €275,530 | €219,965 | -€55,566 | -20.2% |
| Other amounts payable | 178/9 | €1,700 | €1,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €372,173 | €414,274 | +€42,101 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €62,322 | €46,847 | -€15,475 | -24.8% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €65,609 | €46,625 | -€18,984 | -28.9% |
| Suppliers | 440/4 | €65,609 | €46,625 | -€18,984 | -28.9% |
| Advances received on contracts in progress | 46 | €70,497 | €70,497 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €66,064 | €42,846 | -€23,218 | -35.1% |
| Taxes | 450/3 | €28,335 | - | -€28,335 | |
| Remuneration and social security | 454/9 | €37,729 | €42,846 | +€5,117 | +13.6% |
| Other amounts payable | 47/48 | €107,681 | €187,458 | +€79,778 | +74.1% |
| Accrued charges and deferred income | 492/3 | - | €11,818 | +€11,818 | |
| Remuneration, social security and pensions | 62 | €372,070 | €422,467 | +€50,397 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,043 | €256,009 | +€20,966 | +8.9% |
| Other operating charges | 640/8 | €21,955 | €20,795 | -€1,160 | -5.3% |
| Gross operating margin | 9900 | €662,909 | €651,378 | -€11,531 | -1.7% |
| Operating profit (loss) | 9901 | €33,841 | -€47,893 | -€81,735 | |
| Financial income | 75/76B | €13,644 | €197 | -€13,447 | -98.6% |
| Recurring financial income | 75 | €13,644 | €197 | -€13,447 | -98.6% |
| Financial charges | 65/66B | €36,220 | €26,470 | -€9,749 | -26.9% |
| Recurring financial charges | 65 | €36,220 | €26,470 | -€9,749 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €11,265 | -€74,167 | -€85,432 | |
| Transfer from deferred taxes | 780 | €1,750 | €1,750 | = | 0.0% |
| Income taxes | 67/77 | €2,709 | -€1,765 | -€4,474 | |
| Profit (loss) for the period | 9904 | €10,307 | -€70,652 | -€80,958 | |
| Transfer from tax-exempt reserves | 789 | €5,250 | €5,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,557 | -€65,402 | -€80,958 |
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 25 October 2026 via checked.be.