G & M ELECTRIQUE: 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 & M ELECTRIQUE
Largest movements
- Receivables within one year +€23,963
up €23,963 (+15.7%), from €152,607 to €176,570
of which Other amounts receivable: +€39,982
- Cash -€15,512
down €15,512 (-20.5%), from €75,807 to €60,295
mainly Contributions, distributions and other (-€60,170) and Receivables within one year (-€23,963)
- Tangible fixed assets +€2,796
up €2,796 (+55.5%), from €5,039 to €7,835
of which Furniture and vehicles: +€3,406
- Other debts +€60,642
new in 2025: €60,642
- Reserves -€35,292
down €35,292 (-43.4%), from €81,381 to €46,089
of which Distributable reserves: -€35,292
- Tax, wage and social debts -€11,923
down €11,923 (-42.2%), from €28,244 to €16,321
of which Taxes: -€10,622
- Staff costs -€13,637
down €13,637 (-11.9%), from €114,693 to €101,056
- Gross operating margin +€11,348
up €11,348 (+8.2%), from €137,595 to €148,943
- Taxes +€9,867
up €9,867 (+250%), from €3,952 to €13,819
- Financial charges +€5,872
up €5,872 (+998%), from €588 to €6,461
- Depreciation -€5,013
down €5,013 (-59.4%), from €8,442 to €3,429
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 | €253,940 | €264,779 | +€10,839 | +4.3% |
| Fixed assets | 21/28 | €5,039 | €7,835 | +€2,796 | +55.5% |
| Tangible fixed assets | 22/27 | €5,039 | €7,835 | +€2,796 | +55.5% |
| Furniture and vehicles | 24 | €3,819 | €7,225 | +€3,406 | +89.2% |
| Other tangible fixed assets | 26 | €1,220 | €610 | -€610 | -50.0% |
| Current assets | 29/58 | €248,901 | €256,944 | +€8,042 | +3.2% |
| Stocks and contracts in progress | 3 | €16,802 | €15,977 | -€825 | -4.9% |
| Stocks | 30/36 | €16,802 | €15,977 | -€825 | -4.9% |
| Amounts receivable within one year | 40/41 | €152,607 | €176,570 | +€23,963 | +15.7% |
| Trade receivables | 40 | €109,099 | €93,080 | -€16,019 | -14.7% |
| Other amounts receivable | 41 | €43,508 | €83,490 | +€39,982 | +91.9% |
| Cash at bank and in hand | 54/58 | €75,807 | €60,295 | -€15,512 | -20.5% |
| Deferred charges and accrued income | 490/1 | €3,685 | €4,101 | +€416 | +11.3% |
| Total equity and liabilities | 10/49 | €253,940 | €264,779 | +€10,839 | +4.3% |
| Equity | 10/15 | €120,237 | €84,945 | -€35,292 | -29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,381 | €46,089 | -€35,292 | -43.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,521 | €44,229 | -€35,292 | -44.4% |
| Profit (loss) carried forward | 14 | €20,256 | €20,256 | = | 0.0% |
| Amounts payable | 17/49 | €133,703 | €179,834 | +€46,131 | +34.5% |
| Amounts payable within one year | 42/48 | €133,516 | €179,834 | +€46,318 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €3,661 | €2,566 | -€1,096 | -29.9% |
| Trade debts | 44 | €101,610 | €100,305 | -€1,305 | -1.3% |
| Suppliers | 440/4 | €101,610 | €100,305 | -€1,305 | -1.3% |
| Taxes, remuneration and social security | 45 | €28,244 | €16,321 | -€11,923 | -42.2% |
| Taxes | 450/3 | €11,809 | €1,187 | -€10,622 | -89.9% |
| Remuneration and social security | 454/9 | €16,435 | €15,134 | -€1,301 | -7.9% |
| Other amounts payable | 47/48 | - | €60,642 | +€60,642 | |
| Accrued charges and deferred income | 492/3 | €188 | €0 | -€188 | -100% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €114,693 | €101,056 | -€13,637 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,442 | €3,429 | -€5,013 | -59.4% |
| Other operating charges | 640/8 | €1,124 | €1,360 | +€235 | +20.9% |
| Non-recurring operating charges | 66A | - | €475 | +€475 | |
| Gross operating margin | 9900 | €137,595 | €148,943 | +€11,348 | +8.2% |
| Operating profit (loss) | 9901 | €13,335 | €42,624 | +€29,288 | +220% |
| Financial income | 75/76B | €793 | €2,535 | +€1,742 | +220% |
| Recurring financial income | 75 | €793 | €2,535 | +€1,742 | +220% |
| Financial charges | 65/66B | €588 | €6,461 | +€5,872 | +998% |
| Recurring financial charges | 65 | €588 | €6,461 | +€5,872 | +998% |
| Profit (loss) for the period before taxes | 9903 | €13,540 | €38,697 | +€25,158 | +186% |
| Income taxes | 67/77 | €3,952 | €13,819 | +€9,867 | +250% |
| Profit (loss) for the period | 9904 | €9,587 | €24,878 | +€15,291 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €9,587 | €24,878 | +€15,291 | +159% |
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 20 October 2026 via checked.be.