GALED ELECTRICITE: 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.
GALED ELECTRICITE
Largest movements
- Cash +€23,992
up €23,992 (+1,229%), from €1,952 to €25,944
mainly Net result for the year (+€49,817) and Tax, wage and social debts (+€14,309)
- Receivables within one year +€18,097
up €18,097 (+14.0%), from €128,864 to €146,962
of which Other amounts receivable: +€32,355
- Profit (loss) carried forward +€49,817
up €49,817 (+58.2%), from €85,572 to €135,389
- Trade debts -€18,690
down €18,690 (-51.5%), from €36,304 to €17,614
of which Bills of exchange payable: -€30,975
- Tax, wage and social debts +€14,309
up €14,309 (+325%), from €4,399 to €18,708
- Short-term financial debts -€3,361
no longer reported in 2025 (was €3,361)
- Gross operating margin +€50,298
up €50,298 (+206%), from €24,433 to €74,730
- Taxes +€14,309
up €14,309 (+325%), from €4,399 to €18,708
- Financial charges +€3,270
up €3,270 (+639%), from €512 to €3,782
- Depreciation -€1,554
down €1,554 (-54.9%), from €2,831 to €1,277
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 | €134,636 | €176,711 | +€42,075 | +31.3% |
| Fixed assets | 21/28 | €3,819 | €3,805 | -€14 | -0.4% |
| Tangible fixed assets | 22/27 | €3,819 | €3,805 | -€14 | -0.4% |
| Plant, machinery and equipment | 23 | €826 | €1,255 | +€429 | +52.0% |
| Furniture and vehicles | 24 | €443 | - | -€443 | |
| Assets under construction and advance payments | 27 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €130,816 | €172,905 | +€42,089 | +32.2% |
| Amounts receivable within one year | 40/41 | €128,864 | €146,962 | +€18,097 | +14.0% |
| Trade receivables | 40 | €15,700 | €1,443 | -€14,257 | -90.8% |
| Other amounts receivable | 41 | €113,164 | €145,519 | +€32,355 | +28.6% |
| Cash at bank and in hand | 54/58 | €1,952 | €25,944 | +€23,992 | +1,229% |
| Total equity and liabilities | 10/49 | €134,636 | €176,711 | +€42,075 | +31.3% |
| Equity | 10/15 | €90,572 | €140,389 | +€49,817 | +55.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,572 | €135,389 | +€49,817 | +58.2% |
| Amounts payable | 17/49 | €44,064 | €36,322 | -€7,741 | -17.6% |
| Amounts payable within one year | 42/48 | €44,064 | €36,322 | -€7,741 | -17.6% |
| Financial debts | 43 | €3,361 | - | -€3,361 | |
| Credit institutions | 430/8 | €3,361 | - | -€3,361 | |
| Trade debts | 44 | €36,304 | €17,614 | -€18,690 | -51.5% |
| Suppliers | 440/4 | €4,148 | €16,433 | +€12,285 | +296% |
| Bills of exchange payable | 441 | €32,156 | €1,181 | -€30,975 | -96.3% |
| Taxes, remuneration and social security | 45 | €4,399 | €18,708 | +€14,309 | +325% |
| Taxes | 450/3 | €4,399 | €18,708 | +€14,309 | +325% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,831 | €1,277 | -€1,554 | -54.9% |
| Other operating charges | 640/8 | €607 | €1,146 | +€539 | +88.9% |
| Gross operating margin | 9900 | €24,433 | €74,730 | +€50,298 | +206% |
| Operating profit (loss) | 9901 | €20,995 | €72,307 | +€51,312 | +244% |
| Financial charges | 65/66B | €512 | €3,782 | +€3,270 | +639% |
| Recurring financial charges | 65 | €512 | €3,782 | +€3,270 | +639% |
| Profit (loss) for the period before taxes | 9903 | €20,483 | €68,525 | +€48,042 | +235% |
| Income taxes | 67/77 | €4,399 | €18,708 | +€14,309 | +325% |
| Profit (loss) for the period | 9904 | €16,084 | €49,817 | +€33,733 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €16,084 | €49,817 | +€33,733 | +210% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.