GE MAINTENANCE: 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 MAINTENANCE
Largest movements
- Receivables within one year +€672,379
up €672,379 (+13,730%), from €4,897 to €677,276
of which Trade receivables: +€646,597
- Cash +€243,901
up €243,901 (+6,635%), from €3,676 to €247,577
mainly Trade debts (+€404,409) and Net result for the year (+€274,309)
- Tangible fixed assets +€17,611
new in 2025: €17,611
of which Other tangible fixed assets: +€13,991
- Trade debts +€404,409
new in 2025: €404,409
- Tax, wage and social debts +€237,583
up €237,583 (+950,330%), from €25 to €237,608
of which Taxes: +€192,250
- Reserves +€131,451
up €131,451 (+2,008%), from €6,548 to €137,999
- Other debts +€100,000
new in 2025: €100,000
- Current portion of long-term debt +€70,000
new in 2025: €70,000
- Gross operating margin +€1.4m
up €1.4m, from -€1,275 to €1.4m
- Staff costs +€1.0m
new in 2025: €1.0m
- Taxes +€108,071
up €108,071, from -€354 to €107,717
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 | €8,573 | €952,016 | +€943,443 | +11,005% |
| Fixed assets | 21/28 | - | €20,161 | +€20,161 | |
| Tangible fixed assets | 22/27 | - | €17,611 | +€17,611 | |
| Plant, machinery and equipment | 23 | - | €2,448 | +€2,448 | |
| Furniture and vehicles | 24 | - | €1,172 | +€1,172 | |
| Other tangible fixed assets | 26 | - | €13,991 | +€13,991 | |
| Financial fixed assets | 28 | - | €2,550 | +€2,550 | |
| Current assets | 29/58 | €8,573 | €931,855 | +€923,282 | +10,770% |
| Amounts receivable within one year | 40/41 | €4,897 | €677,276 | +€672,379 | +13,730% |
| Trade receivables | 40 | - | €646,597 | +€646,597 | |
| Other amounts receivable | 41 | €4,897 | €30,679 | +€25,782 | +526% |
| Cash at bank and in hand | 54/58 | €3,676 | €247,577 | +€243,901 | +6,635% |
| Deferred charges and accrued income | 490/1 | - | €7,001 | +€7,001 | |
| Total equity and liabilities | 10/49 | €8,573 | €952,016 | +€943,443 | +11,005% |
| Equity | 10/15 | €8,548 | €139,999 | +€131,451 | +1,538% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,548 | €137,999 | +€131,451 | +2,008% |
| Distributable reserves | 133 | €6,548 | €137,999 | +€131,451 | +2,008% |
| Amounts payable | 17/49 | €25 | €812,017 | +€811,992 | +3,247,967% |
| Amounts payable within one year | 42/48 | €25 | €812,017 | +€811,992 | +3,247,967% |
| Current portion of amounts payable after more than one year | 42 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | - | €404,409 | +€404,409 | |
| Suppliers | 440/4 | - | €404,409 | +€404,409 | |
| Taxes, remuneration and social security | 45 | €25 | €237,608 | +€237,583 | +950,330% |
| Taxes | 450/3 | €25 | €192,275 | +€192,250 | +769,000% |
| Remuneration and social security | 454/9 | - | €45,333 | +€45,333 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Non-recurring operating income | 76A | - | €265 | +€265 | |
| Remuneration, social security and pensions | 62 | - | €1,005,540 | +€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €432 | +€432 | |
| Other operating charges | 640/8 | €199 | €547 | +€348 | +175% |
| Gross operating margin | 9900 | -€1,275 | €1,390,479 | +€1.4m | |
| Operating profit (loss) | 9901 | -€1,474 | €383,960 | +€385,434 | |
| Financial income | 75/76B | - | €443 | +€443 | |
| Recurring financial income | 75 | - | €443 | +€443 | |
| Financial charges | 65/66B | €74 | €2,377 | +€2,303 | +3,112% |
| Recurring financial charges | 65 | €74 | €2,314 | +€2,240 | +3,027% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | -€1,548 | €382,026 | +€383,574 | |
| Income taxes | 67/77 | -€354 | €107,717 | +€108,071 | |
| Profit (loss) for the period | 9904 | -€1,194 | €274,309 | +€275,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,194 | €274,309 | +€275,503 |
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 13 October 2026 via checked.be.