ELECTRO GHYS: what changed
Two fiscal 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 GHYS
Largest movements
- Cash -€80,938
down €80,938 (-22.3%), from €363,414 to €282,477
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€88,333)
- Stocks and contracts +€58,221
up €58,221 (+16.7%), from €347,969 to €406,191
- Tangible fixed assets +€50,699
up €50,699 (+25.0%), from €202,555 to €253,254
of which Land and buildings: +€39,162
- Receivables within one year -€25,478
down €25,478 (-81.9%), from €31,121 to €5,642
of which Trade receivables: -€17,176
- Debts after one year +€68,232
up €68,232 (+121.7%), from €56,061 to €124,294
- Advances received -€40,612
down €40,612 (-74.3%), from €54,651 to €14,039
- Trade debts +€26,728
up €26,728 (+47.1%), from €56,713 to €83,441
- Reserves -€25,997
down €25,997 (-4.9%), from €532,513 to €506,516
of which Distributable reserves: -€25,997
- Other debts -€18,732
down €18,732 (-12.3%), from €151,745 to €133,013
- Staff costs -€69,187
down €69,187 (-18.7%), from €370,168 to €300,981
- Taxes +€16,878
up €16,878 (+146.3%), from €11,536 to €28,415
- Gross operating margin +€12,798
up €12,798 (+3.1%), from €419,160 to €431,957
- Depreciation +€9,279
up €9,279 (+32.7%), from €28,355 to €37,634
- Financial charges +€7,496
up €7,496 (+99.4%), from €7,540 to €15,036
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €955,107 | €957,332 | +€2,225 | +0.2% |
| Fixed assets | 21/28 | €202,555 | €253,254 | +€50,699 | +25.0% |
| Tangible fixed assets | 22/27 | €202,555 | €253,254 | +€50,699 | +25.0% |
| Land and buildings | 22 | €143,184 | €182,346 | +€39,162 | +27.4% |
| Plant, machinery and equipment | 23 | €0 | €4,942 | +€4,942 | |
| Furniture and vehicles | 24 | €30,344 | €13,811 | -€16,533 | -54.5% |
| Leasing and similar rights | 25 | €29,027 | €52,155 | +€23,128 | +79.7% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €752,552 | €704,078 | -€48,474 | -6.4% |
| Stocks and contracts in progress | 3 | €347,969 | €406,191 | +€58,221 | +16.7% |
| Stocks | 30/36 | €347,969 | €406,191 | +€58,221 | +16.7% |
| Amounts receivable within one year | 40/41 | €31,121 | €5,642 | -€25,478 | -81.9% |
| Trade receivables | 40 | €22,657 | €5,481 | -€17,176 | -75.8% |
| Other amounts receivable | 41 | €8,464 | €162 | -€8,302 | -98.1% |
| Cash at bank and in hand | 54/58 | €363,414 | €282,477 | -€80,938 | -22.3% |
| Deferred charges and accrued income | 490/1 | €10,047 | €9,768 | -€280 | -2.8% |
| Total equity and liabilities | 10/49 | €955,107 | €957,332 | +€2,225 | +0.2% |
| Equity | 10/15 | €551,113 | €525,116 | -€25,997 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €532,513 | €506,516 | -€25,997 | -4.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €513,763 | €487,766 | -€25,997 | -5.1% |
| Amounts payable | 17/49 | €403,994 | €432,215 | +€28,222 | +7.0% |
| Amounts payable after more than one year | 17 | €56,061 | €124,294 | +€68,232 | +121.7% |
| Financial debts | 170/4 | €56,061 | €124,294 | +€68,232 | +121.7% |
| Amounts payable within one year | 42/48 | €347,053 | €306,136 | -€40,917 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €22,493 | €22,952 | +€459 | +2.0% |
| Trade debts | 44 | €56,713 | €83,441 | +€26,728 | +47.1% |
| Suppliers | 440/4 | €56,713 | €83,441 | +€26,728 | +47.1% |
| Advances received on contracts in progress | 46 | €54,651 | €14,039 | -€40,612 | -74.3% |
| Taxes, remuneration and social security | 45 | €61,452 | €52,692 | -€8,760 | -14.3% |
| Taxes | 450/3 | €19,100 | €15,487 | -€3,613 | -18.9% |
| Remuneration and social security | 454/9 | €42,351 | €37,204 | -€5,147 | -12.2% |
| Other amounts payable | 47/48 | €151,745 | €133,013 | -€18,732 | -12.3% |
| Accrued charges and deferred income | 492/3 | €879 | €1,785 | +€906 | +103.1% |
| Remuneration, social security and pensions | 62 | €370,168 | €300,981 | -€69,187 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,355 | €37,634 | +€9,279 | +32.7% |
| Other operating charges | 640/8 | €4,297 | €5,125 | +€829 | +19.3% |
| Non-recurring operating charges | 66A | - | €2,322 | +€2,322 | |
| Gross operating margin | 9900 | €419,160 | €431,957 | +€12,798 | +3.1% |
| Operating profit (loss) | 9901 | €16,340 | €85,895 | +€69,555 | +425.7% |
| Financial income | 75/76B | €25,957 | €31,559 | +€5,602 | +21.6% |
| Recurring financial income | 75 | €25,957 | €31,559 | +€5,602 | +21.6% |
| Financial charges | 65/66B | €7,540 | €15,036 | +€7,496 | +99.4% |
| Recurring financial charges | 65 | €7,540 | €15,036 | +€7,496 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | €34,757 | €102,418 | +€67,661 | +194.7% |
| Income taxes | 67/77 | €11,536 | €28,415 | +€16,878 | +146.3% |
| Profit (loss) for the period | 9904 | €23,221 | €74,003 | +€50,782 | +218.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,221 | €74,003 | +€50,782 | +218.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.