GL Electronics: 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.
GL Electronics
Largest movements
- Cash +€16,534
new in 2024: €16,534
mainly Net result for the year (+€26,972) and Depreciation (+€11,703)
- Receivables within one year +€7,887
up €7,887 (+12.3%), from €63,987 to €71,874
of which Trade receivables: +€5,236
- Tangible fixed assets -€6,435
down €6,435 (-25.0%), from €25,758 to €19,322
of which Land and buildings: -€6,533
- Reserves +€16,903
up €16,903 (+61.9%), from €27,302 to €44,206
of which Distributable reserves: +€16,903
- Tax, wage and social debts +€8,662
up €8,662 (+175.0%), from €4,950 to €13,612
- Other debts +€6,913
up €6,913 (+67.0%), from €10,323 to €17,236
- Trade debts -€5,499
down €5,499 (-57.6%), from €9,546 to €4,048
- Short-term financial debts -€4,995
no longer reported in 2024 (was €4,995)
- Gross operating margin +€27,459
up €27,459 (+97.5%), from €28,162 to €55,620
- Taxes +€11,155
up €11,155 (+299.2%), from €3,728 to €14,883
- Depreciation -€8,876
down €8,876 (-43.1%), from €20,579 to €11,703
- Staff costs +€582
no longer reported in 2024 (was -€582)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,701 | €109,001 | +€18,301 | +20.2% |
| Fixed assets | 21/28 | €25,918 | €19,482 | -€6,435 | -24.8% |
| Tangible fixed assets | 22/27 | €25,758 | €19,322 | -€6,435 | -25.0% |
| Land and buildings | 22 | €13,037 | €6,504 | -€6,533 | -50.1% |
| Plant, machinery and equipment | 23 | €8,463 | €9,931 | +€1,467 | +17.3% |
| Furniture and vehicles | 24 | €4,257 | €2,887 | -€1,370 | -32.2% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €64,783 | €89,519 | +€24,736 | +38.2% |
| Amounts receivable within one year | 40/41 | €63,987 | €71,874 | +€7,887 | +12.3% |
| Trade receivables | 40 | €62,670 | €67,907 | +€5,236 | +8.4% |
| Other amounts receivable | 41 | €1,317 | €3,968 | +€2,650 | +201.2% |
| Cash at bank and in hand | 54/58 | - | €16,534 | +€16,534 | |
| Deferred charges and accrued income | 490/1 | €796 | €1,111 | +€316 | +39.7% |
| Total equity and liabilities | 10/49 | €90,701 | €109,001 | +€18,301 | +20.2% |
| Equity | 10/15 | €57,203 | €74,106 | +€16,903 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,302 | €44,206 | +€16,903 | +61.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,442 | €42,346 | +€16,903 | +66.4% |
| Profit (loss) carried forward | 14 | €23,700 | €23,700 | = | 0.0% |
| Amounts payable | 17/49 | €33,498 | €34,896 | +€1,398 | +4.2% |
| Amounts payable within one year | 42/48 | €33,498 | €34,896 | +€1,398 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €3,684 | - | -€3,684 | |
| Financial debts | 43 | €4,995 | - | -€4,995 | |
| Credit institutions | 430/8 | €4,995 | - | -€4,995 | |
| Trade debts | 44 | €9,546 | €4,048 | -€5,499 | -57.6% |
| Suppliers | 440/4 | €9,546 | €4,048 | -€5,499 | -57.6% |
| Taxes, remuneration and social security | 45 | €4,950 | €13,612 | +€8,662 | +175.0% |
| Taxes | 450/3 | €4,950 | €13,612 | +€8,662 | +175.0% |
| Other amounts payable | 47/48 | €10,323 | €17,236 | +€6,913 | +67.0% |
| Non-recurring operating income | 76A | €2,521 | €511 | -€2,010 | -79.7% |
| Remuneration, social security and pensions | 62 | -€582 | - | +€582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,579 | €11,703 | -€8,876 | -43.1% |
| Other operating charges | 640/8 | €1,167 | €1,017 | -€151 | -12.9% |
| Non-recurring operating charges | 66A | €440 | €173 | -€268 | -60.8% |
| Gross operating margin | 9900 | €28,162 | €55,620 | +€27,459 | +97.5% |
| Operating profit (loss) | 9901 | €6,558 | €42,728 | +€36,170 | +551.6% |
| Financial income | 75/76B | €256 | €10 | -€247 | -96.3% |
| Recurring financial income | 75 | €256 | €10 | -€247 | -96.3% |
| Financial charges | 65/66B | €1,004 | €882 | -€122 | -12.2% |
| Recurring financial charges | 65 | €1,004 | €882 | -€122 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €5,810 | €41,855 | +€36,045 | +620.4% |
| Income taxes | 67/77 | €3,728 | €14,883 | +€11,155 | +299.2% |
| Profit (loss) for the period | 9904 | €2,082 | €26,972 | +€24,890 | +1195.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,082 | €26,972 | +€24,890 | +1195.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.