GEDA 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.
GEDA ELEKTRO
Largest movements
- Tangible fixed assets +€45,933
up €45,933 (+13.1%), from €350,544 to €396,476
of which Land and buildings: +€56,867
- Receivables after one year -€11,500
down €11,500 (-100%), from €11,500 to €0
- Tax, wage and social debts +€61,457
up €61,457, from €0 to €61,457
of which Taxes: +€61,457
- Short-term financial debts -€11,598
down €11,598 (-73.1%), from €15,875 to €4,277
- Debts after one year -€11,216
down €11,216 (-4.0%), from €279,968 to €268,752
- Other debts -€9,383
down €9,383 (-8.6%), from €109,192 to €99,809
- Gross operating margin +€8,788
up €8,788 (+21.6%), from €40,722 to €49,510
- Depreciation -€4,183
down €4,183 (-15.5%), from €27,021 to €22,838
- Taxes +€2,592
up €2,592 (+274%), from €945 to €3,537
- Financial charges +€2,010
up €2,010 (+14.8%), from €13,546 to €15,556
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 | €701,798 | €735,295 | +€33,497 | +4.8% |
| Fixed assets | 21/28 | €672,844 | €718,776 | +€45,933 | +6.8% |
| Tangible fixed assets | 22/27 | €350,544 | €396,476 | +€45,933 | +13.1% |
| Land and buildings | 22 | €316,038 | €372,905 | +€56,867 | +18.0% |
| Furniture and vehicles | 24 | €12,254 | €7,255 | -€5,000 | -40.8% |
| Other tangible fixed assets | 26 | €22,251 | €16,317 | -€5,934 | -26.7% |
| Financial fixed assets | 28 | €322,300 | €322,300 | = | 0.0% |
| Current assets | 29/58 | €28,954 | €16,518 | -€12,436 | -43.0% |
| Amounts receivable after more than one year | 29 | €11,500 | €0 | -€11,500 | -100% |
| Other amounts receivable | 291 | €11,500 | €0 | -€11,500 | -100% |
| Amounts receivable within one year | 40/41 | €14,428 | €14,337 | -€91 | -0.6% |
| Trade receivables | 40 | €1,593 | €5,820 | +€4,226 | +265% |
| Other amounts receivable | 41 | €12,835 | €8,517 | -€4,318 | -33.6% |
| Cash at bank and in hand | 54/58 | €1,028 | €2,181 | +€1,154 | +112% |
| Deferred charges and accrued income | 490/1 | €1,998 | €0 | -€1,998 | -100% |
| Total equity and liabilities | 10/49 | €701,798 | €735,295 | +€33,497 | +4.8% |
| Equity | 10/15 | €226,624 | €233,895 | +€7,271 | +3.2% |
| Contributions | 10/11 | €112,900 | €112,900 | = | 0.0% |
| Reserves | 13 | €113,724 | €120,995 | +€7,271 | +6.4% |
| Distributable reserves | 133 | €113,724 | €120,995 | +€7,271 | +6.4% |
| Amounts payable | 17/49 | €475,174 | €501,400 | +€26,225 | +5.5% |
| Amounts payable after more than one year | 17 | €279,968 | €268,752 | -€11,216 | -4.0% |
| Financial debts | 170/4 | €279,968 | €268,752 | -€11,216 | -4.0% |
| Amounts payable within one year | 42/48 | €192,897 | €230,169 | +€37,272 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €13,582 | €11,216 | -€2,366 | -17.4% |
| Financial debts | 43 | €15,875 | €4,277 | -€11,598 | -73.1% |
| Credit institutions | 430/8 | €15,875 | €4,277 | -€11,598 | -73.1% |
| Trade debts | 44 | €54,248 | €53,411 | -€838 | -1.5% |
| Suppliers | 440/4 | €54,248 | €53,411 | -€838 | -1.5% |
| Taxes, remuneration and social security | 45 | €0 | €61,457 | +€61,457 | |
| Taxes | 450/3 | €0 | €61,457 | +€61,457 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €109,192 | €99,809 | -€9,383 | -8.6% |
| Accrued charges and deferred income | 492/3 | €2,309 | €2,478 | +€170 | +7.4% |
| Non-recurring operating income | 76A | €1,250 | €0 | -€1,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,021 | €22,838 | -€4,183 | -15.5% |
| Other operating charges | 640/8 | €850 | €412 | -€438 | -51.5% |
| Gross operating margin | 9900 | €40,722 | €49,510 | +€8,788 | +21.6% |
| Operating profit (loss) | 9901 | €12,851 | €26,260 | +€13,409 | +104% |
| Financial income | 75/76B | €283 | €104 | -€179 | -63.2% |
| Recurring financial income | 75 | €283 | €104 | -€179 | -63.2% |
| Financial charges | 65/66B | €13,546 | €15,556 | +€2,010 | +14.8% |
| Recurring financial charges | 65 | €13,546 | €15,556 | +€2,010 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€411 | €10,808 | +€11,220 | |
| Income taxes | 67/77 | €945 | €3,537 | +€2,592 | +274% |
| Profit (loss) for the period | 9904 | -€1,357 | €7,271 | +€8,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,357 | €7,271 | +€8,628 |
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 22 October 2026 via checked.be.