GL Electricité: 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.
GL Electricité
Largest movements
- Cash -€73,297
down €73,297 (-52.3%), from €140,228 to €66,931
mainly Other debts (-€104,509) and Advances received (-€52,315)
- Tangible fixed assets -€45,030
down €45,030 (-19.4%), from €231,724 to €186,694
of which Furniture and vehicles: -€44,091
- Stocks and contracts -€44,172
down €44,172 (-62.0%), from €71,288 to €27,116
- Receivables within one year -€19,716
down €19,716 (-30.9%), from €63,898 to €44,182
of which Other amounts receivable: -€14,032
- Other debts -€104,509
down €104,509 (-43.5%), from €240,148 to €135,639
- Advances received -€52,315
no longer reported in 2025 (was €52,315)
- Debts after one year -€22,932
down €22,932 (-27.3%), from €84,011 to €61,079
- Current portion of long-term debt -€10,611
down €10,611 (-28.6%), from €37,040 to €26,429
- Trade debts +€8,866
up €8,866 (+99.7%), from €8,891 to €17,757
- Staff costs -€93,122
down €93,122 (-95.9%), from €97,097 to €3,976
- Gross operating margin -€88,298
down €88,298 (-42.4%), from €208,187 to €119,889
- Depreciation -€17,477
down €17,477 (-32.3%), from €54,111 to €36,634
- Other operating charges +€4,421
up €4,421 (+107%), from €4,113 to €8,534
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 | €512,848 | €328,818 | -€184,031 | -35.9% |
| Fixed assets | 21/28 | €232,049 | €186,844 | -€45,205 | -19.5% |
| Tangible fixed assets | 22/27 | €231,724 | €186,694 | -€45,030 | -19.4% |
| Land and buildings | 22 | €73,616 | €69,763 | -€3,853 | -5.2% |
| Plant, machinery and equipment | 23 | €8,435 | €11,348 | +€2,914 | +34.5% |
| Furniture and vehicles | 24 | €149,673 | €105,582 | -€44,091 | -29.5% |
| Financial fixed assets | 28 | €325 | €150 | -€175 | -53.8% |
| Current assets | 29/58 | €280,800 | €141,974 | -€138,826 | -49.4% |
| Stocks and contracts in progress | 3 | €71,288 | €27,116 | -€44,172 | -62.0% |
| Stocks | 30/36 | €71,288 | €27,116 | -€44,172 | -62.0% |
| Amounts receivable within one year | 40/41 | €63,898 | €44,182 | -€19,716 | -30.9% |
| Trade receivables | 40 | €42,132 | €36,448 | -€5,684 | -13.5% |
| Other amounts receivable | 41 | €21,766 | €7,734 | -€14,032 | -64.5% |
| Cash at bank and in hand | 54/58 | €140,228 | €66,931 | -€73,297 | -52.3% |
| Deferred charges and accrued income | 490/1 | €5,386 | €3,745 | -€1,641 | -30.5% |
| Total equity and liabilities | 10/49 | €512,848 | €328,818 | -€184,031 | -35.9% |
| Equity | 10/15 | €81,000 | €81,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,000 | €76,000 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Amounts payable | 17/49 | €431,848 | €247,818 | -€184,031 | -42.6% |
| Amounts payable after more than one year | 17 | €84,011 | €61,079 | -€22,932 | -27.3% |
| Financial debts | 170/4 | €84,011 | €61,079 | -€22,932 | -27.3% |
| Amounts payable within one year | 42/48 | €347,837 | €184,143 | -€163,694 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €37,040 | €26,429 | -€10,611 | -28.6% |
| Trade debts | 44 | €8,891 | €17,757 | +€8,866 | +99.7% |
| Suppliers | 440/4 | €8,891 | €17,757 | +€8,866 | +99.7% |
| Advances received on contracts in progress | 46 | €52,315 | - | -€52,315 | |
| Taxes, remuneration and social security | 45 | €9,444 | €4,318 | -€5,126 | -54.3% |
| Taxes | 450/3 | €2,511 | €1,822 | -€689 | -27.4% |
| Remuneration and social security | 454/9 | €6,933 | €2,497 | -€4,437 | -64.0% |
| Other amounts payable | 47/48 | €240,148 | €135,639 | -€104,509 | -43.5% |
| Accrued charges and deferred income | 492/3 | - | €2,595 | +€2,595 | |
| Remuneration, social security and pensions | 62 | €97,097 | €3,976 | -€93,122 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,111 | €36,634 | -€17,477 | -32.3% |
| Other operating charges | 640/8 | €4,113 | €8,534 | +€4,421 | +107% |
| Gross operating margin | 9900 | €208,187 | €119,889 | -€88,298 | -42.4% |
| Operating profit (loss) | 9901 | €52,866 | €70,746 | +€17,880 | +33.8% |
| Financial income | 75/76B | €651 | €992 | +€341 | +52.3% |
| Recurring financial income | 75 | €651 | €992 | +€341 | +52.3% |
| Financial charges | 65/66B | €5,666 | €7,348 | +€1,682 | +29.7% |
| Recurring financial charges | 65 | €5,666 | €7,348 | +€1,682 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €47,851 | €64,389 | +€16,538 | +34.6% |
| Income taxes | 67/77 | €12,649 | €13,296 | +€648 | +5.1% |
| Profit (loss) for the period | 9904 | €35,202 | €51,093 | +€15,891 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,202 | €51,093 | +€15,891 | +45.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.