GE DISTRIBUTION SERVICES: 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.
GE DISTRIBUTION SERVICES
Largest movements
- Receivables within one year -€14,516
down €14,516 (-24.2%), from €60,098 to €45,582
of which Trade receivables: -€14,887
- Tangible fixed assets +€7,605
up €7,605 (+42.5%), from €17,890 to €25,495
of which Furniture and vehicles: +€9,410
- Cash -€3,816
down €3,816 (-60.6%), from €6,295 to €2,479
mainly Trade debts (-€55,836) and Investment in fixed assets (net) (-€12,997)
- Deferred charges and accrued income +€1,606
up €1,606 (+134%), from €1,200 to €2,806
- Trade debts -€55,836
down €55,836 (-15.1%), from €368,864 to €313,028
- Other debts +€26,011
up €26,011 (+217%), from €11,989 to €38,000
- Profit (loss) carried forward +€24,468
up €24,468 (+6.9%), from -€355,484 to -€331,016
- Tax, wage and social debts -€3,763
down €3,763 (-18.7%), from €20,113 to €16,349
of which Taxes: -€3,549
- Turnover +€361,239
up €361,239 (+51.6%), from €700,614 to €1.1m
- Purchases and services +€325,139
up €325,139 (+66.2%), from €491,319 to €816,458
- Other operating charges -€94,788
down €94,788 (-55.6%), from €170,475 to €75,687
- Staff costs -€62,294
down €62,294 (-30.8%), from €202,537 to €140,242
- Gross operating margin -€48,858
down €48,858 (-16.6%), from €294,253 to €245,395
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 | €85,482 | €76,362 | -€9,121 | -10.7% |
| Fixed assets | 21/28 | €17,890 | €25,495 | +€7,605 | +42.5% |
| Tangible fixed assets | 22/27 | €17,890 | €25,495 | +€7,605 | +42.5% |
| Plant, machinery and equipment | 23 | €4,692 | €3,452 | -€1,240 | -26.4% |
| Furniture and vehicles | 24 | €8,182 | €17,592 | +€9,410 | +115% |
| Other tangible fixed assets | 26 | €5,015 | €4,451 | -€564 | -11.3% |
| Current assets | 29/58 | €67,593 | €50,867 | -€16,726 | -24.7% |
| Amounts receivable within one year | 40/41 | €60,098 | €45,582 | -€14,516 | -24.2% |
| Trade receivables | 40 | €57,685 | €42,798 | -€14,887 | -25.8% |
| Other amounts receivable | 41 | €2,413 | €2,783 | +€371 | +15.4% |
| Cash at bank and in hand | 54/58 | €6,295 | €2,479 | -€3,816 | -60.6% |
| Deferred charges and accrued income | 490/1 | €1,200 | €2,806 | +€1,606 | +134% |
| Total equity and liabilities | 10/49 | €85,482 | €76,362 | -€9,121 | -10.7% |
| Equity | 10/15 | -€315,484 | -€291,016 | +€24,468 | +7.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,484 | -€331,016 | +€24,468 | +6.9% |
| Amounts payable | 17/49 | €400,966 | €367,377 | -€33,589 | -8.4% |
| Amounts payable within one year | 42/48 | €400,966 | €367,377 | -€33,589 | -8.4% |
| Trade debts | 44 | €368,864 | €313,028 | -€55,836 | -15.1% |
| Suppliers | 440/4 | €368,864 | €313,028 | -€55,836 | -15.1% |
| Taxes, remuneration and social security | 45 | €20,113 | €16,349 | -€3,763 | -18.7% |
| Taxes | 450/3 | €5,845 | €2,296 | -€3,549 | -60.7% |
| Remuneration and social security | 454/9 | €14,268 | €14,053 | -€215 | -1.5% |
| Other amounts payable | 47/48 | €11,989 | €38,000 | +€26,011 | +217% |
| Turnover | 70 | €700,614 | €1,061,853 | +€361,239 | +51.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €491,319 | €816,458 | +€325,139 | +66.2% |
| Remuneration, social security and pensions | 62 | €202,537 | €140,242 | -€62,294 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,496 | €5,391 | +€896 | +19.9% |
| Other operating charges | 640/8 | €170,475 | €75,687 | -€94,788 | -55.6% |
| Gross operating margin | 9900 | €294,253 | €245,395 | -€48,858 | -16.6% |
| Operating profit (loss) | 9901 | -€83,254 | €24,074 | +€107,329 | |
| Financial income | 75/76B | €514 | €466 | -€48 | -9.4% |
| Recurring financial income | 75 | €514 | €466 | -€48 | -9.4% |
| Financial charges | 65/66B | €131 | €72 | -€59 | -45.1% |
| Recurring financial charges | 65 | €131 | €72 | -€59 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,871 | €24,468 | +€107,339 | |
| Profit (loss) for the period | 9904 | -€82,871 | €24,468 | +€107,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,871 | €24,468 | +€107,339 |
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 16 October 2026 via checked.be.