ELEKTRO GARSBEKE: what changed
ELEKTRO GARSBEKE
Largest movements
- Receivables within one year +€39,838
up €39,838 (+89.4%), from €44,537 to €84,376
of which Other amounts receivable: +€39,286
- Tangible fixed assets +€18,759
up €18,759 (+84.7%), from €22,143 to €40,902
of which Furniture and vehicles: +€11,563
- Cash +€2,424
up €2,424 (+32.8%), from €7,399 to €9,823
mainly Net result for the year (+€29,894) and Trade debts (+€23,368)
- Reserves +€28,228
up €28,228 (+133%), from €21,289 to €49,516
- Trade debts +€23,368
up €23,368 (+51.5%), from €45,355 to €68,723
- Debts after one year +€4,523
new in 2025: €4,523
- Tax, wage and social debts +€3,996
up €3,996 (+52.4%), from €7,631 to €11,627
- Gross operating margin +€16,377
up €16,377 (+37.5%), from €43,663 to €60,040
- Financial charges +€6,464
up €6,464 (+237%), from €2,726 to €9,189
- Depreciation +€2,364
up €2,364 (+25.7%), from €9,215 to €11,579
- Taxes +€2,006
up €2,006 (+26.3%), from €7,631 to €9,637
- Staff costs -€750
down €750 (-100%), from €750 to €0
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 | €77,165 | €137,770 | +€60,605 | +78.5% |
| Fixed assets | 21/28 | €22,143 | €40,902 | +€18,759 | +84.7% |
| Tangible fixed assets | 22/27 | €22,143 | €40,902 | +€18,759 | +84.7% |
| Plant, machinery and equipment | 23 | €7,916 | €15,261 | +€7,346 | +92.8% |
| Furniture and vehicles | 24 | €12,885 | €24,448 | +€11,563 | +89.7% |
| Other tangible fixed assets | 26 | €1,342 | €1,193 | -€150 | -11.2% |
| Current assets | 29/58 | €55,022 | €96,868 | +€41,846 | +76.1% |
| Amounts receivable within one year | 40/41 | €44,537 | €84,376 | +€39,838 | +89.4% |
| Trade receivables | 40 | €25,933 | €26,486 | +€552 | +2.1% |
| Other amounts receivable | 41 | €18,604 | €57,890 | +€39,286 | +211% |
| Cash at bank and in hand | 54/58 | €7,399 | €9,823 | +€2,424 | +32.8% |
| Deferred charges and accrued income | 490/1 | €3,086 | €2,669 | -€417 | -13.5% |
| Total equity and liabilities | 10/49 | €77,165 | €137,770 | +€60,605 | +78.5% |
| Equity | 10/15 | €22,289 | €50,516 | +€28,228 | +127% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,289 | €49,516 | +€28,228 | +133% |
| Distributable reserves | 133 | €21,289 | €49,516 | +€28,228 | +133% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,876 | €87,254 | +€32,377 | +59.0% |
| Amounts payable after more than one year | 17 | - | €4,523 | +€4,523 | |
| Financial debts | 170/4 | - | €4,523 | +€4,523 | |
| Amounts payable within one year | 42/48 | €54,876 | €82,684 | +€27,808 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | - | €668 | +€668 | |
| Trade debts | 44 | €45,355 | €68,723 | +€23,368 | +51.5% |
| Suppliers | 440/4 | €45,355 | €68,723 | +€23,368 | +51.5% |
| Taxes, remuneration and social security | 45 | €7,631 | €11,627 | +€3,996 | +52.4% |
| Taxes | 450/3 | €7,631 | €11,627 | +€3,996 | +52.4% |
| Other amounts payable | 47/48 | €1,890 | €1,666 | -€224 | -11.9% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Non-recurring operating income | 76A | - | €22,126 | +€22,126 | |
| Remuneration, social security and pensions | 62 | €750 | €0 | -€750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,215 | €11,579 | +€2,364 | +25.7% |
| Other operating charges | 640/8 | €1,779 | €1,631 | -€148 | -8.3% |
| Gross operating margin | 9900 | €43,663 | €60,040 | +€16,377 | +37.5% |
| Operating profit (loss) | 9901 | €31,920 | €46,831 | +€14,911 | +46.7% |
| Financial income | 75/76B | €1,443 | €1,890 | +€447 | +30.9% |
| Recurring financial income | 75 | €1,443 | €1,890 | +€447 | +30.9% |
| Financial charges | 65/66B | €2,726 | €9,189 | +€6,464 | +237% |
| Recurring financial charges | 65 | €2,726 | €9,189 | +€6,464 | +237% |
| Profit (loss) for the period before taxes | 9903 | €30,638 | €39,531 | +€8,894 | +29.0% |
| Income taxes | 67/77 | €7,631 | €9,637 | +€2,006 | +26.3% |
| Profit (loss) for the period | 9904 | €23,007 | €29,894 | +€6,887 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,007 | €29,894 | +€6,887 | +29.9% |
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 7 November 2026 via checked.be.