Electro Gérard: 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 Gérard
Largest movements
- Tangible fixed assets +€708,302
up €708,302 (+1,810%), from €39,126 to €747,428
of which Land and buildings: +€721,268
- Receivables within one year -€61,876
down €61,876 (-88.9%), from €69,593 to €7,717
of which Trade receivables: -€60,915
- Cash -€12,944
down €12,944 (-6.7%), from €192,475 to €179,531
mainly Investment in fixed assets (net) (-€729,542) and Trade debts (-€112)
- Debts after one year +€542,049
up €542,049 (+1,991%), from €27,222 to €569,271
of which Financial debts: +€564,555
- Reserves +€43,056
up €43,056 (+16.7%), from €257,425 to €300,482
- Current portion of long-term debt +€27,765
up €27,765 (+549%), from €5,060 to €32,825
- Tax, wage and social debts +€20,723
up €20,723 (+583%), from €3,555 to €24,278
of which Taxes: +€17,793
- Other operating charges +€86,327
up €86,327 (+12,252%), from €705 to €87,032
- Gross operating margin +€58,165
up €58,165 (+49.4%), from €117,773 to €175,938
- Taxes -€6,546
down €6,546 (-23.5%), from €27,895 to €21,348
- Financial charges +€3,457
up €3,457 (+343%), from €1,007 to €4,464
- Depreciation +€3,006
up €3,006 (+16.5%), from €18,233 to €21,239
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 | €301,194 | €934,676 | +€633,482 | +210% |
| Fixed assets | 21/28 | €39,126 | €747,428 | +€708,302 | +1,810% |
| Tangible fixed assets | 22/27 | €39,126 | €747,428 | +€708,302 | +1,810% |
| Land and buildings | 22 | - | €721,268 | +€721,268 | |
| Plant, machinery and equipment | 23 | €905 | €6,008 | +€5,102 | +564% |
| Furniture and vehicles | 24 | €38,220 | €20,153 | -€18,068 | -47.3% |
| Current assets | 29/58 | €262,068 | €187,248 | -€74,820 | -28.5% |
| Amounts receivable within one year | 40/41 | €69,593 | €7,717 | -€61,876 | -88.9% |
| Trade receivables | 40 | €63,579 | €2,663 | -€60,915 | -95.8% |
| Other amounts receivable | 41 | €6,014 | €5,053 | -€961 | -16.0% |
| Cash at bank and in hand | 54/58 | €192,475 | €179,531 | -€12,944 | -6.7% |
| Total equity and liabilities | 10/49 | €301,194 | €934,676 | +€633,482 | +210% |
| Equity | 10/15 | €262,425 | €305,482 | +€43,056 | +16.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €257,425 | €300,482 | +€43,056 | +16.7% |
| Distributable reserves | 133 | €257,425 | €300,482 | +€43,056 | +16.7% |
| Amounts payable | 17/49 | €38,769 | €629,195 | +€590,426 | +1,523% |
| Amounts payable after more than one year | 17 | €27,222 | €569,271 | +€542,049 | +1,991% |
| Financial debts | 170/4 | €846 | €565,401 | +€564,555 | +66,723% |
| Other amounts payable | 178/9 | €26,376 | €3,870 | -€22,506 | -85.3% |
| Amounts payable within one year | 42/48 | €11,547 | €59,923 | +€48,376 | +419% |
| Current portion of amounts payable after more than one year | 42 | €5,060 | €32,825 | +€27,765 | +549% |
| Trade debts | 44 | €1,682 | €1,571 | -€112 | -6.7% |
| Suppliers | 440/4 | €1,682 | €1,571 | -€112 | -6.7% |
| Advances received on contracts in progress | 46 | €1,250 | €1,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,555 | €24,278 | +€20,723 | +583% |
| Taxes | 450/3 | €3,555 | €21,348 | +€17,793 | +501% |
| Remuneration and social security | 454/9 | - | €2,930 | +€2,930 | |
| Remuneration, social security and pensions | 62 | €798 | €507 | -€291 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,233 | €21,239 | +€3,006 | +16.5% |
| Other operating charges | 640/8 | €705 | €87,032 | +€86,327 | +12,252% |
| Gross operating margin | 9900 | €117,773 | €175,938 | +€58,165 | +49.4% |
| Operating profit (loss) | 9901 | €98,038 | €67,160 | -€30,878 | -31.5% |
| Financial income | 75/76B | €1,415 | €1,709 | +€295 | +20.8% |
| Recurring financial income | 75 | €1,415 | €1,709 | +€295 | +20.8% |
| Financial charges | 65/66B | €1,007 | €4,464 | +€3,457 | +343% |
| Recurring financial charges | 65 | €1,007 | €4,464 | +€3,457 | +343% |
| Profit (loss) for the period before taxes | 9903 | €98,446 | €64,405 | -€34,041 | -34.6% |
| Income taxes | 67/77 | €27,895 | €21,348 | -€6,546 | -23.5% |
| Profit (loss) for the period | 9904 | €70,551 | €43,056 | -€27,495 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,551 | €43,056 | -€27,495 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.