General Electronic 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.
General Electronic Services
Largest movements
- Receivables within one year +€16,322
up €16,322 (+263%), from €6,196 to €22,518
of which Other amounts receivable: +€10,872
- Cash +€5,148
up €5,148 (+6.6%), from €78,238 to €83,387
mainly Net result for the year (+€19,007) and Other debts (+€9,672)
- Tangible fixed assets +€1,195
new in 2025: €1,195
- Reserves +€19,007
up €19,007 (+40.6%), from €46,790 to €65,797
- Other debts +€9,672
new in 2025: €9,672
- Trade debts -€9,026
down €9,026 (-86.8%), from €10,394 to €1,368
- Tax, wage and social debts +€2,007
up €2,007 (+12.1%), from €16,525 to €18,532
- Gross operating margin -€23,788
down €23,788 (-46.2%), from €51,539 to €27,751
- Taxes -€8,722
down €8,722 (-53.3%), from €16,375 to €7,654
- Financial income -€627
no longer reported in 2025 (was €627)
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 | €86,661 | €108,321 | +€21,660 | +25.0% |
| Fixed assets | 21/28 | €793 | €1,988 | +€1,195 | +151% |
| Tangible fixed assets | 22/27 | - | €1,195 | +€1,195 | |
| Plant, machinery and equipment | 23 | - | €1,195 | +€1,195 | |
| Financial fixed assets | 28 | €793 | €793 | = | 0.0% |
| Current assets | 29/58 | €85,868 | €106,333 | +€20,465 | +23.8% |
| Stocks and contracts in progress | 3 | €1,434 | €429 | -€1,006 | -70.1% |
| Stocks | 30/36 | €1,434 | €429 | -€1,006 | -70.1% |
| Amounts receivable within one year | 40/41 | €6,196 | €22,518 | +€16,322 | +263% |
| Trade receivables | 40 | €4,721 | €10,172 | +€5,451 | +115% |
| Other amounts receivable | 41 | €1,475 | €12,346 | +€10,872 | +737% |
| Cash at bank and in hand | 54/58 | €78,238 | €83,387 | +€5,148 | +6.6% |
| Total equity and liabilities | 10/49 | €86,661 | €108,321 | +€21,660 | +25.0% |
| Equity | 10/15 | €59,742 | €78,749 | +€19,007 | +31.8% |
| Contributions | 10/11 | €12,952 | €12,952 | = | 0.0% |
| Reserves | 13 | €46,790 | €65,797 | +€19,007 | +40.6% |
| Distributable reserves | 133 | €46,790 | €65,797 | +€19,007 | +40.6% |
| Amounts payable | 17/49 | €26,919 | €29,572 | +€2,653 | +9.9% |
| Amounts payable within one year | 42/48 | €26,919 | €29,572 | +€2,653 | +9.9% |
| Trade debts | 44 | €10,394 | €1,368 | -€9,026 | -86.8% |
| Suppliers | 440/4 | €10,394 | €1,368 | -€9,026 | -86.8% |
| Taxes, remuneration and social security | 45 | €16,525 | €18,532 | +€2,007 | +12.1% |
| Taxes | 450/3 | €16,525 | €18,532 | +€2,007 | +12.1% |
| Other amounts payable | 47/48 | - | €9,672 | +€9,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €284 | +€284 | |
| Other operating charges | 640/8 | €823 | €578 | -€246 | -29.9% |
| Gross operating margin | 9900 | €51,539 | €27,751 | -€23,788 | -46.2% |
| Operating profit (loss) | 9901 | €50,716 | €26,890 | -€23,826 | -47.0% |
| Financial income | 75/76B | €627 | - | -€627 | |
| Recurring financial income | 75 | €627 | - | -€627 | |
| Financial charges | 65/66B | €132 | €229 | +€97 | +73.5% |
| Recurring financial charges | 65 | €132 | €229 | +€97 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €51,211 | €26,661 | -€24,550 | -47.9% |
| Income taxes | 67/77 | €16,375 | €7,654 | -€8,722 | -53.3% |
| Profit (loss) for the period | 9904 | €34,836 | €19,007 | -€15,828 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,836 | €19,007 | -€15,828 | -45.4% |
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 18 October 2026 via checked.be.