G ELECTRICS: 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.
G ELECTRICS
Largest movements
- Intangible fixed assets -€17,750
down €17,750 (-19.9%), from €89,139 to €71,389
- Receivables within one year -€15,264
down €15,264 (-62.9%), from €24,267 to €9,003
of which Trade receivables: -€17,774
- Cash +€10,032
up €10,032 (+27.9%), from €36,003 to €46,035
mainly Depreciation (+€30,171) and Net result for the year (+€18,956)
- Tangible fixed assets -€6,020
down €6,020 (-12.7%), from €47,572 to €41,552
of which Furniture and vehicles: -€9,420
- Stocks and contracts +€3,203
up €3,203 (+44.3%), from €7,225 to €10,428
- Debts after one year -€21,409
down €21,409 (-25.2%), from €84,858 to €63,449
- Other debts -€3,001
down €3,001 (-7.3%), from €41,080 to €38,079
- Gross operating margin -€8,548
down €8,548 (-13.0%), from €65,931 to €57,383
- Depreciation +€7,791
up €7,791 (+34.8%), from €22,380 to €30,171
- Taxes -€3,833
down €3,833 (-39.8%), from €9,620 to €5,787
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 | €206,339 | €180,528 | -€25,812 | -12.5% |
| Fixed assets | 21/28 | €136,711 | €112,941 | -€23,770 | -17.4% |
| Intangible fixed assets | 21 | €89,139 | €71,389 | -€17,750 | -19.9% |
| Tangible fixed assets | 22/27 | €47,572 | €41,552 | -€6,020 | -12.7% |
| Plant, machinery and equipment | 23 | €2,844 | €2,493 | -€351 | -12.4% |
| Furniture and vehicles | 24 | €42,797 | €33,377 | -€9,420 | -22.0% |
| Other tangible fixed assets | 26 | €1,931 | €5,682 | +€3,751 | +194% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €69,629 | €67,587 | -€2,042 | -2.9% |
| Stocks and contracts in progress | 3 | €7,225 | €10,428 | +€3,203 | +44.3% |
| Stocks | 30/36 | €7,225 | €10,428 | +€3,203 | +44.3% |
| Amounts receivable within one year | 40/41 | €24,267 | €9,003 | -€15,264 | -62.9% |
| Trade receivables | 40 | €22,051 | €4,277 | -€17,774 | -80.6% |
| Other amounts receivable | 41 | €2,216 | €4,725 | +€2,510 | +113% |
| Cash at bank and in hand | 54/58 | €36,003 | €46,035 | +€10,032 | +27.9% |
| Deferred charges and accrued income | 490/1 | €2,134 | €2,121 | -€13 | -0.6% |
| Total equity and liabilities | 10/49 | €206,339 | €180,528 | -€25,812 | -12.5% |
| Equity | 10/15 | €53,429 | €53,384 | -€44 | -0.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €43,000 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429 | €384 | -€44 | -10.3% |
| Amounts payable | 17/49 | €152,911 | €127,143 | -€25,768 | -16.9% |
| Amounts payable after more than one year | 17 | €84,858 | €63,449 | -€21,409 | -25.2% |
| Financial debts | 170/4 | €84,858 | €63,449 | -€21,409 | -25.2% |
| Amounts payable within one year | 42/48 | €67,321 | €63,026 | -€4,295 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €20,855 | €21,409 | +€554 | +2.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,334 | €402 | -€1,932 | -82.8% |
| Suppliers | 440/4 | €2,334 | €402 | -€1,932 | -82.8% |
| Taxes, remuneration and social security | 45 | €3,052 | €3,136 | +€84 | +2.8% |
| Taxes | 450/3 | €3,052 | €3,136 | +€84 | +2.8% |
| Other amounts payable | 47/48 | €41,080 | €38,079 | -€3,001 | -7.3% |
| Accrued charges and deferred income | 492/3 | €733 | €668 | -€65 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,380 | €30,171 | +€7,791 | +34.8% |
| Other operating charges | 640/8 | €762 | €857 | +€95 | +12.5% |
| Gross operating margin | 9900 | €65,931 | €57,383 | -€8,548 | -13.0% |
| Operating profit (loss) | 9901 | €42,790 | €26,356 | -€16,434 | -38.4% |
| Financial income | 75/76B | €1,619 | €1,813 | +€194 | +12.0% |
| Recurring financial income | 75 | €1,619 | €1,813 | +€194 | +12.0% |
| Financial charges | 65/66B | €2,936 | €3,426 | +€490 | +16.7% |
| Recurring financial charges | 65 | €2,936 | €3,426 | +€490 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €41,473 | €24,743 | -€16,730 | -40.3% |
| Income taxes | 67/77 | €9,620 | €5,787 | -€3,833 | -39.8% |
| Profit (loss) for the period | 9904 | €31,853 | €18,956 | -€12,897 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,853 | €18,956 | -€12,897 | -40.5% |
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 18 October 2026 via checked.be.