GET-ELEC: what changed
Two fiscal 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.
GET-ELEC
Largest movements
- Intangible fixed assets +€238,503
new in 2025: €238,503
- Receivables within one year +€31,711
up €31,711 (+100.3%), from €31,607 to €63,319
of which Trade receivables: +€29,941
- Stocks and contracts +€22,190
up €22,190 (+159.3%), from €13,929 to €36,119
- Cash -€19,784
down €19,784 (-56.0%), from €35,313 to €15,529
mainly Investment in fixed assets (net) (-€265,860) and Receivables within one year (-€31,711)
- Deferred charges and accrued income +€9,046
up €9,046 (+706.9%), from €1,280 to €10,325
- Debts after one year +€249,674
up €249,674 (+842.8%), from €29,623 to €279,297
of which Financial debts: +€215,540
- Trade debts +€24,583
up €24,583 (+208.6%), from €11,786 to €36,369
- Tax, wage and social debts +€8,700
up €8,700 (+56.3%), from €15,456 to €24,156
of which Remuneration and social security: +€6,725
- Staff costs +€54,000
up €54,000 (+809.5%), from €6,671 to €60,670
- Gross operating margin +€30,517
up €30,517 (+38.4%), from €79,448 to €109,964
- Financial charges +€18,715
up €18,715 (+10996.6%), from €170 to €18,885
- Depreciation +€14,044
up €14,044 (+86.9%), from €16,167 to €30,211
- Taxes -€10,896
down €10,896 (-96.9%), from €11,246 to €350
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.
Cash bridge derived
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 | €117,379 | €396,190 | +€278,811 | +237.5% |
| Fixed assets | 21/28 | €35,250 | €270,899 | +€235,648 | +668.5% |
| Intangible fixed assets | 21 | - | €238,503 | +€238,503 | |
| Tangible fixed assets | 22/27 | €35,250 | €32,396 | -€2,854 | -8.1% |
| Plant, machinery and equipment | 23 | €3,605 | €1,683 | -€1,922 | -53.3% |
| Furniture and vehicles | 24 | €28,601 | €25,798 | -€2,803 | -9.8% |
| Leasing and similar rights | 25 | €3,044 | - | -€3,044 | |
| Other tangible fixed assets | 26 | - | €4,915 | +€4,915 | |
| Current assets | 29/58 | €82,129 | €125,291 | +€43,162 | +52.6% |
| Stocks and contracts in progress | 3 | €13,929 | €36,119 | +€22,190 | +159.3% |
| Stocks | 30/36 | €13,929 | €36,119 | +€22,190 | +159.3% |
| Amounts receivable within one year | 40/41 | €31,607 | €63,319 | +€31,711 | +100.3% |
| Trade receivables | 40 | €27,430 | €57,371 | +€29,941 | +109.2% |
| Other amounts receivable | 41 | €4,177 | €5,948 | +€1,771 | +42.4% |
| Cash at bank and in hand | 54/58 | €35,313 | €15,529 | -€19,784 | -56.0% |
| Deferred charges and accrued income | 490/1 | €1,280 | €10,325 | +€9,046 | +706.9% |
| Total equity and liabilities | 10/49 | €117,379 | €396,190 | +€278,811 | +237.5% |
| Equity | 10/15 | €56,746 | €55,465 | -€1,281 | -2.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,746 | €54,465 | -€1,281 | -2.3% |
| Amounts payable | 17/49 | €60,633 | €340,725 | +€280,092 | +461.9% |
| Amounts payable after more than one year | 17 | €29,623 | €279,297 | +€249,674 | +842.8% |
| Financial debts | 170/4 | - | €215,540 | +€215,540 | |
| Other amounts payable | 178/9 | €29,623 | €63,757 | +€34,134 | +115.2% |
| Amounts payable within one year | 42/48 | €30,989 | €61,428 | +€30,439 | +98.2% |
| Trade debts | 44 | €11,786 | €36,369 | +€24,583 | +208.6% |
| Suppliers | 440/4 | €11,786 | €36,369 | +€24,583 | +208.6% |
| Advances received on contracts in progress | 46 | €2,844 | - | -€2,844 | |
| Taxes, remuneration and social security | 45 | €15,456 | €24,156 | +€8,700 | +56.3% |
| Taxes | 450/3 | €11,714 | €13,689 | +€1,975 | +16.9% |
| Remuneration and social security | 454/9 | €3,742 | €10,467 | +€6,725 | +179.7% |
| Other amounts payable | 47/48 | €903 | €903 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Remuneration, social security and pensions | 62 | €6,671 | €60,670 | +€54,000 | +809.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,167 | €30,211 | +€14,044 | +86.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,362 | -€1,362 | -€2,725 | |
| Other operating charges | 640/8 | €923 | €4,080 | +€3,158 | +342.2% |
| Gross operating margin | 9900 | €79,448 | €109,964 | +€30,517 | +38.4% |
| Operating profit (loss) | 9901 | €54,325 | €16,365 | -€37,960 | -69.9% |
| Financial income | 75/76B | €1,536 | €1,590 | +€53 | +3.5% |
| Recurring financial income | 75 | €1,536 | €1,590 | +€53 | +3.5% |
| Financial charges | 65/66B | €170 | €18,885 | +€18,715 | +10996.6% |
| Recurring financial charges | 65 | €170 | €18,885 | +€18,715 | +10996.6% |
| Profit (loss) for the period before taxes | 9903 | €55,691 | -€931 | -€56,622 | |
| Income taxes | 67/77 | €11,246 | €350 | -€10,896 | -96.9% |
| Profit (loss) for the period | 9904 | €44,445 | -€1,281 | -€45,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,445 | -€1,281 | -€45,726 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.