GIL ELECTRIC: 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.
GIL ELECTRIC
Largest movements
- Receivables within one year +€50,327
up €50,327 (+80.2%), from €62,726 to €113,053
of which Other amounts receivable: +€43,363
- Cash +€2,540
up €2,540 (+84.5%), from €3,006 to €5,547
mainly Accrued charges and deferred income (+€28,035) and Net result for the year (+€27,801)
- Accrued charges and deferred income +€28,035
new in 2025: €28,035
- Other debts +€25,000
new in 2025: €25,000
- Trade debts -€11,179
down €11,179 (-80.7%), from €13,859 to €2,681
of which Suppliers: -€11,839
- Tax, wage and social debts +€8,729
up €8,729 (+306%), from €2,853 to €11,583
- Profit (loss) carried forward +€2,801
up €2,801 (+80.9%), from €3,463 to €6,264
- Turnover +€28,956
up €28,956 (+46.7%), from €61,968 to €90,924
- Gross operating margin +€28,481
up €28,481 (+311%), from €9,164 to €37,645
- Taxes +€6,414
up €6,414 (+225%), from €2,853 to €9,267
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 | €65,733 | €119,119 | +€53,386 | +81.2% |
| Fixed assets | 21/28 | - | €519 | +€519 | |
| Tangible fixed assets | 22/27 | - | €519 | +€519 | |
| Plant, machinery and equipment | 23 | - | €519 | +€519 | |
| Current assets | 29/58 | €65,733 | €118,600 | +€52,867 | +80.4% |
| Amounts receivable within one year | 40/41 | €62,726 | €113,053 | +€50,327 | +80.2% |
| Trade receivables | 40 | €21,071 | €28,035 | +€6,964 | +33.0% |
| Other amounts receivable | 41 | €41,655 | €85,019 | +€43,363 | +104% |
| Cash at bank and in hand | 54/58 | €3,006 | €5,547 | +€2,540 | +84.5% |
| Total equity and liabilities | 10/49 | €65,733 | €119,119 | +€53,386 | +81.2% |
| Equity | 10/15 | €49,020 | €51,821 | +€2,801 | +5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,557 | €42,557 | = | 0.0% |
| Distributable reserves | 133 | €42,557 | €42,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,463 | €6,264 | +€2,801 | +80.9% |
| Amounts payable | 17/49 | €16,712 | €67,298 | +€50,585 | +303% |
| Amounts payable within one year | 42/48 | €16,712 | €39,263 | +€22,551 | +135% |
| Trade debts | 44 | €13,859 | €2,681 | -€11,179 | -80.7% |
| Suppliers | 440/4 | €13,859 | €2,021 | -€11,839 | -85.4% |
| Bills of exchange payable | 441 | - | €660 | +€660 | |
| Taxes, remuneration and social security | 45 | €2,853 | €11,583 | +€8,729 | +306% |
| Taxes | 450/3 | €2,853 | €11,583 | +€8,729 | +306% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | - | €28,035 | +€28,035 | |
| Turnover | 70 | €61,968 | €90,924 | +€28,956 | +46.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,804 | €53,279 | +€475 | +0.9% |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €519 | +€519 | |
| Gross operating margin | 9900 | €9,164 | €37,645 | +€28,481 | +311% |
| Operating profit (loss) | 9901 | €8,914 | €37,126 | +€28,213 | +317% |
| Financial charges | 65/66B | €113 | €58 | -€54 | -48.3% |
| Recurring financial charges | 65 | €113 | €58 | -€54 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €8,801 | €37,068 | +€28,267 | +321% |
| Income taxes | 67/77 | €2,853 | €9,267 | +€6,414 | +225% |
| Profit (loss) for the period | 9904 | €5,948 | €27,801 | +€21,853 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €5,948 | €27,801 | +€21,853 | +367% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.