G.S. ELECTRO: 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.S. ELECTRO
Largest movements
- Cash +€80,538
up €80,538 (+54.5%), from €147,697 to €228,235
mainly Net result for the year (+€132,205) and Other debts (+€75,250)
- Receivables within one year +€42,865
up €42,865 (+24.9%), from €172,385 to €215,250
of which Trade receivables: +€47,141
- Tangible fixed assets -€25,656
down €25,656 (-79.8%), from €32,164 to €6,508
of which Leasing and similar rights: -€19,356
- Other debts +€75,250
up €75,250 (+253%), from €29,750 to €105,000
- Tax, wage and social debts +€18,211
up €18,211 (+213%), from €8,561 to €26,771
of which Taxes: +€13,401
- Trade debts +€10,745
up €10,745 (+1,113%), from €966 to €11,711
- Debts after one year -€9,003
no longer reported in 2024 (was €9,003)
- Profit (loss) carried forward +€8,676
up €8,676 (+3.6%), from €239,001 to €247,677
- Other operating charges -€75,666
down €75,666 (-94.8%), from €79,785 to €4,119
- Gross operating margin +€35,245
up €35,245 (+19.3%), from €182,928 to €218,173
- Staff costs +€16,539
up €16,539 (+59.0%), from €28,048 to €44,587
- Taxes +€13,606
up €13,606 (+685%), from €1,987 to €15,593
- Depreciation -€3,150
down €3,150 (-14.0%), from €22,506 to €19,356
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,246 | €449,993 | +€97,747 | +27.7% |
| Fixed assets | 21/28 | €32,164 | €6,508 | -€25,656 | -79.8% |
| Tangible fixed assets | 22/27 | €32,164 | €6,508 | -€25,656 | -79.8% |
| Furniture and vehicles | 24 | €6,300 | - | -€6,300 | |
| Leasing and similar rights | 25 | €25,864 | €6,508 | -€19,356 | -74.8% |
| Current assets | 29/58 | €320,082 | €443,485 | +€123,403 | +38.6% |
| Amounts receivable within one year | 40/41 | €172,385 | €215,250 | +€42,865 | +24.9% |
| Trade receivables | 40 | €154,708 | €201,849 | +€47,141 | +30.5% |
| Other amounts receivable | 41 | €17,678 | €13,401 | -€4,277 | -24.2% |
| Cash at bank and in hand | 54/58 | €147,697 | €228,235 | +€80,538 | +54.5% |
| Total equity and liabilities | 10/49 | €352,246 | €449,993 | +€97,747 | +27.7% |
| Equity | 10/15 | €288,831 | €297,507 | +€8,676 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,230 | €31,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,370 | €29,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,001 | €247,677 | +€8,676 | +3.6% |
| Amounts payable | 17/49 | €63,415 | €152,486 | +€89,071 | +140% |
| Amounts payable after more than one year | 17 | €9,003 | - | -€9,003 | |
| Financial debts | 170/4 | €9,003 | - | -€9,003 | |
| Amounts payable within one year | 42/48 | €54,412 | €152,486 | +€98,074 | +180% |
| Current portion of amounts payable after more than one year | 42 | €15,135 | €9,003 | -€6,132 | -40.5% |
| Trade debts | 44 | €966 | €11,711 | +€10,745 | +1,113% |
| Suppliers | 440/4 | €966 | €11,711 | +€10,745 | +1,113% |
| Taxes, remuneration and social security | 45 | €8,561 | €26,771 | +€18,211 | +213% |
| Taxes | 450/3 | €7,482 | €20,883 | +€13,401 | +179% |
| Remuneration and social security | 454/9 | €1,079 | €5,889 | +€4,810 | +446% |
| Other amounts payable | 47/48 | €29,750 | €105,000 | +€75,250 | +253% |
| Non-recurring operating income | 76A | €1,057 | - | -€1,057 | |
| Remuneration, social security and pensions | 62 | €28,048 | €44,587 | +€16,539 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,506 | €19,356 | -€3,150 | -14.0% |
| Other operating charges | 640/8 | €79,785 | €4,119 | -€75,666 | -94.8% |
| Gross operating margin | 9900 | €182,928 | €218,173 | +€35,245 | +19.3% |
| Operating profit (loss) | 9901 | €52,590 | €150,111 | +€97,521 | +185% |
| Financial charges | 65/66B | €3,611 | €2,313 | -€1,298 | -36.0% |
| Recurring financial charges | 65 | €3,611 | €2,313 | -€1,298 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €48,979 | €147,798 | +€98,819 | +202% |
| Income taxes | 67/77 | €1,987 | €15,593 | +€13,606 | +685% |
| Profit (loss) for the period | 9904 | €46,992 | €132,205 | +€85,214 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €46,992 | €132,205 | +€85,214 | +181% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.