Electro Geel: 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 Geel
Largest movements
- Receivables within one year +€32,771
up €32,771 (+15.9%), from €206,254 to €239,025
of which Trade receivables: +€32,582
- Cash -€25,450
down €25,450 (-6.0%), from €422,879 to €397,430
mainly Receivables within one year (-€32,771) and Tax, wage and social debts (-€12,569)
- Reserves +€23,849
up €23,849 (+6.6%), from €361,782 to €385,631
of which Distributable reserves: +€23,849
- Tax, wage and social debts -€12,569
down €12,569 (-30.4%), from €41,303 to €28,733
of which Remuneration and social security: -€8,223
- Other debts -€9,388
down €9,388 (-6.4%), from €145,739 to €136,351
- Gross operating margin -€40,271
down €40,271 (-22.9%), from €175,671 to €135,401
- Staff costs -€24,730
down €24,730 (-20.0%), from €123,846 to €99,116
- Taxes -€5,994
down €5,994 (-30.8%), from €19,448 to €13,453
- Financial income -€2,452
down €2,452 (-27.9%), from €8,779 to €6,327
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 | €710,251 | €708,278 | -€1,973 | -0.3% |
| Fixed assets | 21/28 | €22,855 | €19,424 | -€3,431 | -15.0% |
| Tangible fixed assets | 22/27 | €22,855 | €19,424 | -€3,431 | -15.0% |
| Land and buildings | 22 | €17,761 | €15,428 | -€2,333 | -13.1% |
| Plant, machinery and equipment | 23 | €5,094 | €3,996 | -€1,098 | -21.6% |
| Current assets | 29/58 | €687,396 | €688,854 | +€1,458 | +0.2% |
| Stocks and contracts in progress | 3 | €55,343 | €49,481 | -€5,862 | -10.6% |
| Stocks | 30/36 | €55,343 | €49,481 | -€5,862 | -10.6% |
| Amounts receivable within one year | 40/41 | €206,254 | €239,025 | +€32,771 | +15.9% |
| Trade receivables | 40 | €20,106 | €52,688 | +€32,582 | +162% |
| Other amounts receivable | 41 | €186,148 | €186,337 | +€189 | +0.1% |
| Cash at bank and in hand | 54/58 | €422,879 | €397,430 | -€25,450 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,919 | €2,918 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €710,251 | €708,278 | -€1,973 | -0.3% |
| Equity | 10/15 | €489,800 | €513,649 | +€23,849 | +4.9% |
| Contributions | 10/11 | €128,018 | €128,018 | = | 0.0% |
| Reserves | 13 | €361,782 | €385,631 | +€23,849 | +6.6% |
| Non-distributable reserves | 130/1 | €12,802 | €12,802 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,802 | €12,802 | = | 0.0% |
| Distributable reserves | 133 | €348,980 | €372,829 | +€23,849 | +6.8% |
| Amounts payable | 17/49 | €220,451 | €194,629 | -€25,822 | -11.7% |
| Amounts payable within one year | 42/48 | €218,951 | €190,988 | -€27,963 | -12.8% |
| Trade debts | 44 | €31,909 | €25,903 | -€6,006 | -18.8% |
| Suppliers | 440/4 | €31,909 | €25,903 | -€6,006 | -18.8% |
| Taxes, remuneration and social security | 45 | €41,303 | €28,733 | -€12,569 | -30.4% |
| Taxes | 450/3 | €23,996 | €19,649 | -€4,347 | -18.1% |
| Remuneration and social security | 454/9 | €17,307 | €9,084 | -€8,223 | -47.5% |
| Other amounts payable | 47/48 | €145,739 | €136,351 | -€9,388 | -6.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €3,641 | +€2,141 | +143% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €123,846 | €99,116 | -€24,730 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,461 | €3,431 | +€970 | +39.4% |
| Other operating charges | 640/8 | €915 | €1,272 | +€357 | +39.1% |
| Gross operating margin | 9900 | €175,671 | €135,401 | -€40,271 | -22.9% |
| Operating profit (loss) | 9901 | €48,450 | €31,582 | -€16,868 | -34.8% |
| Financial income | 75/76B | €8,779 | €6,327 | -€2,452 | -27.9% |
| Recurring financial income | 75 | €8,779 | €6,327 | -€2,452 | -27.9% |
| Financial charges | 65/66B | €735 | €607 | -€129 | -17.5% |
| Recurring financial charges | 65 | €735 | €607 | -€129 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €56,494 | €37,302 | -€19,191 | -34.0% |
| Income taxes | 67/77 | €19,448 | €13,453 | -€5,994 | -30.8% |
| Profit (loss) for the period | 9904 | €37,046 | €23,849 | -€13,197 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,046 | €23,849 | -€13,197 | -35.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.