GC-ELEKTRO: 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.
GC-ELEKTRO
Largest movements
- Receivables within one year +€59,044
up €59,044 (+60.5%), from €97,624 to €156,668
of which Trade receivables: +€52,029
- Tangible fixed assets +€27,304
up €27,304 (+49.2%), from €55,509 to €82,813
of which Furniture and vehicles: +€25,904
- Stocks and contracts +€8,780
up €8,780 (+14.3%), from €61,443 to €70,223
- Cash +€7,306
up €7,306 (+7.6%), from €96,731 to €104,037
mainly Other debts (+€116,879) and Net result for the year (+€68,388)
- Other debts +€116,879
up €116,879 (+1,934%), from €6,044 to €122,923
- Reserves -€61,623
down €61,623 (-17.7%), from €348,285 to €286,662
- Accrued charges and deferred income +€56,500
new in 2025: €56,500
- Debts after one year -€14,475
down €14,475 (-31.4%), from €46,053 to €31,578
of which Financial debts: -€9,151
- Tax, wage and social debts +€6,760
up €6,760 (+244%), from €2,775 to €9,535
- Gross operating margin -€42,173
down €42,173 (-24.1%), from €175,183 to €133,010
- Write-downs +€14,399
up €14,399 (+3,457%), from €417 to €14,815
- Taxes -€11,442
down €11,442 (-26.1%), from €43,875 to €32,433
- Depreciation -€3,138
down €3,138 (-16.9%), from €18,543 to €15,405
- Financial charges -€2,280
down €2,280 (-42.6%), from €5,349 to €3,069
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 | €431,455 | €533,987 | +€102,533 | +23.8% |
| Fixed assets | 21/28 | €55,510 | €82,814 | +€27,304 | +49.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €55,509 | €82,813 | +€27,304 | +49.2% |
| Plant, machinery and equipment | 23 | - | €1,400 | +€1,400 | |
| Furniture and vehicles | 24 | €55,509 | €81,413 | +€25,904 | +46.7% |
| Current assets | 29/58 | €375,945 | €451,174 | +€75,229 | +20.0% |
| Stocks and contracts in progress | 3 | €61,443 | €70,223 | +€8,780 | +14.3% |
| Stocks | 30/36 | €61,443 | €70,223 | +€8,780 | +14.3% |
| Amounts receivable within one year | 40/41 | €97,624 | €156,668 | +€59,044 | +60.5% |
| Trade receivables | 40 | €92,167 | €144,196 | +€52,029 | +56.5% |
| Other amounts receivable | 41 | €5,458 | €12,473 | +€7,015 | +129% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,731 | €104,037 | +€7,306 | +7.6% |
| Deferred charges and accrued income | 490/1 | €147 | €245 | +€99 | +67.5% |
| Total equity and liabilities | 10/49 | €431,455 | €533,987 | +€102,533 | +23.8% |
| Equity | 10/15 | €353,285 | €291,662 | -€61,623 | -17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €348,285 | €286,662 | -€61,623 | -17.7% |
| Distributable reserves | 133 | €348,285 | €286,662 | -€61,623 | -17.7% |
| Amounts payable | 17/49 | €78,170 | €242,326 | +€164,155 | +210% |
| Amounts payable after more than one year | 17 | €46,053 | €31,578 | -€14,475 | -31.4% |
| Financial debts | 170/4 | €14,708 | €5,557 | -€9,151 | -62.2% |
| Other amounts payable | 178/9 | €31,345 | €26,022 | -€5,323 | -17.0% |
| Amounts payable within one year | 42/48 | €32,118 | €154,248 | +€122,130 | +380% |
| Current portion of amounts payable after more than one year | 42 | €8,699 | €9,151 | +€452 | +5.2% |
| Trade debts | 44 | €14,600 | €12,639 | -€1,962 | -13.4% |
| Suppliers | 440/4 | €14,600 | €12,639 | -€1,962 | -13.4% |
| Taxes, remuneration and social security | 45 | €2,775 | €9,535 | +€6,760 | +244% |
| Taxes | 450/3 | €2,775 | €9,535 | +€6,760 | +244% |
| Other amounts payable | 47/48 | €6,044 | €122,923 | +€116,879 | +1,934% |
| Accrued charges and deferred income | 492/3 | - | €56,500 | +€56,500 | |
| Non-recurring operating income | 76A | - | €1,343 | +€1,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,543 | €15,405 | -€3,138 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €417 | €14,815 | +€14,399 | +3,457% |
| Other operating charges | 640/8 | €866 | €1,001 | +€135 | +15.6% |
| Gross operating margin | 9900 | €175,183 | €133,010 | -€42,173 | -24.1% |
| Operating profit (loss) | 9901 | €155,357 | €101,788 | -€53,569 | -34.5% |
| Financial income | 75/76B | €3 | €2,101 | +€2,098 | +60,987% |
| Recurring financial income | 75 | €3 | €2,101 | +€2,098 | +60,987% |
| Financial charges | 65/66B | €5,349 | €3,069 | -€2,280 | -42.6% |
| Recurring financial charges | 65 | €5,349 | €3,069 | -€2,280 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €150,011 | €100,821 | -€49,191 | -32.8% |
| Income taxes | 67/77 | €43,875 | €32,433 | -€11,442 | -26.1% |
| Profit (loss) for the period | 9904 | €106,136 | €68,388 | -€37,748 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,136 | €68,388 | -€37,748 | -35.6% |
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 29 October 2026 via checked.be.