G.V.Electric: what changed
What changed
G.V.Electric
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€29,990
2024 · €15,404+€14,585
Equity
€142,080
2024 · €241,611-€99,531
Cash
€43,036
2024 · €18,466+€24,569
Balance sheet total
€308,182
2024 · €332,760-€24,578
Largest movements
Assets
- Receivables within one year -€64,466
down €64,466 (-73.4%), from €87,808 to €23,342
of which Trade receivables: -€60,178
- Cash +€24,569
up €24,569 (+133%), from €18,466 to €43,036
mainly Other debts (+€72,422) and Receivables within one year (+€64,466)
- Tangible fixed assets +€13,032
up €13,032 (+16.2%), from €80,569 to €93,601
of which Furniture and vehicles: +€26,635
- Current investments +€9,914
up €9,914 (+7.2%), from €137,049 to €146,963
- Stocks and contracts -€8,000
down €8,000 (-100%), from €8,000 to €0
Equity and liabilities
- Reserves -€99,531
down €99,531 (-50.6%), from €196,878 to €97,347
of which Distributable reserves: -€99,531
- Other debts +€72,422
up €72,422 (+259%), from €27,997 to €100,419
- Debts after one year -€9,953
down €9,953 (-22.4%), from €44,483 to €34,530
- Trade debts +€5,601
up €5,601 (+204%), from €2,740 to €8,340
- Accrued charges and deferred income +€3,724
new in 2025: €3,724
Income statement
- Gross operating margin +€14,871
up €14,871 (+33.4%), from €44,586 to €59,457
- Financial income -€936
down €936 (-25.7%), from €3,637 to €2,701
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.
Result 2024
€15,404
Gross operating margin
+€14,871
Staff costs
+€108
Depreciation
+€584
Other operating charges
+€503
Financial income
-€936
Financial charges
-€426
Taxes
-€118
Result 2025
€29,990
raises the resultlowers the result
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.
From operations
+€203,119
Investment
-€40,826
Financing
-€137,724
Cash 2024
€18,466
From operations (derived)
+€203,119
Net result for the year
+€29,990
Depreciation
+€17,880
Stocks and contracts
+€8,000
Receivables within one year
+€64,466
Deferred charges and accrued income
-€373
Trade debts
+€5,601
Tax, wage and social debts
+€1,410
Other debts
+€72,422
Accrued charges and deferred income
+€3,724
Investment (derived)
-€40,826
Investment in fixed assets (net)
-€30,912
Current investments
-€9,914
Financing
-€137,724
Debts after one year
-€9,953
Current portion of long-term debt
+€1,750
Contributions, distributions and other
-€129,521
Cash 2025
€43,036
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,760 | €308,182 | -€24,578 | -7.4% |
| Fixed assets | 21/28 | €80,569 | €93,601 | +€13,032 | +16.2% |
| Tangible fixed assets | 22/27 | €80,569 | €93,601 | +€13,032 | +16.2% |
| Land and buildings | 22 | €78,568 | €64,965 | -€13,603 | -17.3% |
| Furniture and vehicles | 24 | €2,001 | €28,635 | +€26,635 | +1,331% |
| Current assets | 29/58 | €252,191 | €214,581 | -€37,610 | -14.9% |
| Stocks and contracts in progress | 3 | €8,000 | €0 | -€8,000 | -100% |
| Contracts in progress | 37 | €8,000 | €0 | -€8,000 | -100% |
| Amounts receivable within one year | 40/41 | €87,808 | €23,342 | -€64,466 | -73.4% |
| Trade receivables | 40 | €83,520 | €23,342 | -€60,178 | -72.1% |
| Other amounts receivable | 41 | €4,288 | €0 | -€4,288 | -100% |
| Current investments | 50/53 | €137,049 | €146,963 | +€9,914 | +7.2% |
| Cash at bank and in hand | 54/58 | €18,466 | €43,036 | +€24,569 | +133% |
| Deferred charges and accrued income | 490/1 | €868 | €1,241 | +€373 | +42.9% |
| Total equity and liabilities | 10/49 | €332,760 | €308,182 | -€24,578 | -7.4% |
| Equity | 10/15 | €241,611 | €142,080 | -€99,531 | -41.2% |
| Contributions | 10/11 | €19,275 | €19,275 | = | 0.0% |
| Reserves | 13 | €196,878 | €97,347 | -€99,531 | -50.6% |
| Tax-exempt reserves | 132 | €9,162 | €9,162 | = | 0.0% |
| Distributable reserves | 133 | €187,716 | €88,185 | -€99,531 | -53.0% |
| Profit (loss) carried forward | 14 | €25,458 | €25,458 | = | 0.0% |
| Amounts payable | 17/49 | €91,149 | €166,102 | +€74,953 | +82.2% |
| Amounts payable after more than one year | 17 | €44,483 | €34,530 | -€9,953 | -22.4% |
| Financial debts | 170/4 | €44,483 | €34,530 | -€9,953 | -22.4% |
| Amounts payable within one year | 42/48 | €46,667 | €127,848 | +€81,182 | +174% |
| Current portion of amounts payable after more than one year | 42 | €10,564 | €12,313 | +€1,750 | +16.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,740 | €8,340 | +€5,601 | +204% |
| Suppliers | 440/4 | €2,740 | €8,340 | +€5,601 | +204% |
| Taxes, remuneration and social security | 45 | €5,366 | €6,776 | +€1,410 | +26.3% |
| Taxes | 450/3 | €2,966 | €4,376 | +€1,410 | +47.5% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €27,997 | €100,419 | +€72,422 | +259% |
| Accrued charges and deferred income | 492/3 | - | €3,724 | +€3,724 | |
| Remuneration, social security and pensions | 62 | €292 | €184 | -€108 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,464 | €17,880 | -€584 | -3.2% |
| Other operating charges | 640/8 | €3,822 | €3,319 | -€503 | -13.2% |
| Gross operating margin | 9900 | €44,586 | €59,457 | +€14,871 | +33.4% |
| Operating profit (loss) | 9901 | €22,008 | €38,074 | +€16,066 | +73.0% |
| Financial income | 75/76B | €3,637 | €2,701 | -€936 | -25.7% |
| Recurring financial income | 75 | €3,637 | €2,701 | -€936 | -25.7% |
| Financial charges | 65/66B | €2,065 | €2,491 | +€426 | +20.7% |
| Recurring financial charges | 65 | €2,065 | €2,491 | +€426 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €23,581 | €38,284 | +€14,703 | +62.4% |
| Income taxes | 67/77 | €8,176 | €8,294 | +€118 | +1.4% |
| Profit (loss) for the period | 9904 | €15,404 | €29,990 | +€14,585 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,404 | €29,990 | +€14,585 | +94.7% |
Next steps
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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 4 November 2026 via checked.be.