ELECTRO GERT: what changed
ELECTRO GERT
Largest movements
- Stocks and contracts +€20,266
up €20,266 (+404%), from €5,021 to €25,288
- Tangible fixed assets +€19,103
up €19,103 (+85.4%), from €22,360 to €41,463
of which Land and buildings: +€18,424
- Cash -€18,586
down €18,586 (-37.7%), from €49,238 to €30,652
mainly Investment in fixed assets (net) (-€27,946) and Stocks and contracts (-€20,266)
- Receivables within one year -€11,143
down €11,143 (-32.1%), from €34,690 to €23,547
of which Trade receivables: -€22,359
- Reserves +€15,362
up €15,362 (+28.2%), from €54,553 to €69,915
- Profit (loss) carried forward -€11,537
down €11,537 (-75.1%), from €15,362 to €3,825
- Advances received +€9,540
new in 2025: €9,540
- Trade debts -€4,632
down €4,632 (-19.6%), from €23,687 to €19,055
- Tax, wage and social debts +€2,381
up €2,381 (+42.4%), from €5,617 to €7,999
of which Remuneration and social security: +€2,621
- Gross operating margin -€16,939
down €16,939 (-19.8%), from €85,542 to €68,603
- Taxes -€4,225
down €4,225 (-42.8%), from €9,877 to €5,652
- Depreciation +€3,319
up €3,319 (+60.1%), from €5,524 to €8,843
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,574 | €124,427 | +€10,853 | +9.6% |
| Fixed assets | 21/28 | €22,360 | €41,463 | +€19,103 | +85.4% |
| Tangible fixed assets | 22/27 | €22,360 | €41,463 | +€19,103 | +85.4% |
| Land and buildings | 22 | - | €18,424 | +€18,424 | |
| Plant, machinery and equipment | 23 | €15,148 | €16,885 | +€1,736 | +11.5% |
| Furniture and vehicles | 24 | €4,573 | €4,150 | -€423 | -9.3% |
| Leasing and similar rights | 25 | €2,638 | €2,005 | -€633 | -24.0% |
| Current assets | 29/58 | €91,215 | €82,964 | -€8,250 | -9.0% |
| Stocks and contracts in progress | 3 | €5,021 | €25,288 | +€20,266 | +404% |
| Stocks | 30/36 | €5,021 | €25,288 | +€20,266 | +404% |
| Amounts receivable within one year | 40/41 | €34,690 | €23,547 | -€11,143 | -32.1% |
| Trade receivables | 40 | €25,369 | €3,010 | -€22,359 | -88.1% |
| Other amounts receivable | 41 | €9,322 | €20,537 | +€11,216 | +120% |
| Cash at bank and in hand | 54/58 | €49,238 | €30,652 | -€18,586 | -37.7% |
| Deferred charges and accrued income | 490/1 | €2,266 | €3,478 | +€1,212 | +53.5% |
| Total equity and liabilities | 10/49 | €113,574 | €124,427 | +€10,853 | +9.6% |
| Equity | 10/15 | €79,915 | €83,739 | +€3,825 | +4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,553 | €69,915 | +€15,362 | +28.2% |
| Distributable reserves | 133 | €54,553 | €69,915 | +€15,362 | +28.2% |
| Profit (loss) carried forward | 14 | €15,362 | €3,825 | -€11,537 | -75.1% |
| Amounts payable | 17/49 | €33,660 | €40,688 | +€7,028 | +20.9% |
| Amounts payable within one year | 42/48 | €29,305 | €36,594 | +€7,289 | +24.9% |
| Trade debts | 44 | €23,687 | €19,055 | -€4,632 | -19.6% |
| Suppliers | 440/4 | €23,687 | €19,055 | -€4,632 | -19.6% |
| Advances received on contracts in progress | 46 | - | €9,540 | +€9,540 | |
| Taxes, remuneration and social security | 45 | €5,617 | €7,999 | +€2,381 | +42.4% |
| Taxes | 450/3 | €4,988 | €4,748 | -€240 | -4.8% |
| Remuneration and social security | 454/9 | €630 | €3,251 | +€2,621 | +416% |
| Accrued charges and deferred income | 492/3 | €4,355 | €4,094 | -€261 | -6.0% |
| Remuneration, social security and pensions | 62 | €48,805 | €48,727 | -€79 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,524 | €8,843 | +€3,319 | +60.1% |
| Other operating charges | 640/8 | €1,255 | €1,450 | +€195 | +15.5% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €85,542 | €68,603 | -€16,939 | -19.8% |
| Operating profit (loss) | 9901 | €29,957 | €9,223 | -€20,734 | -69.2% |
| Financial income | 75/76B | €570 | €404 | -€166 | -29.2% |
| Recurring financial income | 75 | €470 | €404 | -€66 | -14.1% |
| Non-recurring financial income | 76B | €100 | - | -€100 | |
| Financial charges | 65/66B | €80 | €150 | +€70 | +87.0% |
| Recurring financial charges | 65 | €80 | €150 | +€70 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €30,447 | €9,477 | -€20,970 | -68.9% |
| Income taxes | 67/77 | €9,877 | €5,652 | -€4,225 | -42.8% |
| Profit (loss) for the period | 9904 | €20,570 | €3,825 | -€16,745 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,570 | €3,825 | -€16,745 | -81.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.