GLOBAL ELECTRO-CONSTRUCTION: 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.
GLOBAL ELECTRO-CONSTRUCTION
Largest movements
- Receivables within one year -€19,572
down €19,572 (-32.1%), from €61,056 to €41,484
of which Trade receivables: -€22,310
- Tangible fixed assets -€6,361
down €6,361 (-57.1%), from €11,142 to €4,781
of which Furniture and vehicles: -€7,786
- Cash +€3,172
up €3,172 (+35.7%), from €8,889 to €12,061
mainly Receivables within one year (+€19,572) and Depreciation (+€7,960)
- Tax, wage and social debts -€8,498
no longer reported in 2025 (was €8,498)
of which Remuneration and social security: -€6,661
- Trade debts -€7,888
down €7,888 (-40.7%), from €19,361 to €11,472
- Profit (loss) carried forward +€5,720
up €5,720 (+15.8%), from €36,268 to €41,988
- Other debts -€5,671
no longer reported in 2025 (was €5,671)
- Current portion of long-term debt -€3,616
down €3,616 (-56.8%), from €6,363 to €2,747
- Gross operating margin +€10,464
up €10,464 (+229%), from €4,571 to €15,035
- Staff costs -€3,342
no longer reported in 2025 (was €3,342)
- Financial charges -€812
down €812 (-45.6%), from €1,781 to €969
- Other operating charges -€418
down €418 (-46.3%), from €903 to €485
- Depreciation +€347
up €347 (+4.6%), from €7,613 to €7,960
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 | €82,408 | €59,707 | -€22,701 | -27.5% |
| Fixed assets | 21/28 | €11,142 | €4,781 | -€6,361 | -57.1% |
| Tangible fixed assets | 22/27 | €11,142 | €4,781 | -€6,361 | -57.1% |
| Plant, machinery and equipment | 23 | - | €1,425 | +€1,425 | |
| Furniture and vehicles | 24 | €11,142 | €3,356 | -€7,786 | -69.9% |
| Current assets | 29/58 | €71,266 | €54,926 | -€16,340 | -22.9% |
| Amounts receivable within one year | 40/41 | €61,056 | €41,484 | -€19,572 | -32.1% |
| Trade receivables | 40 | €60,953 | €38,643 | -€22,310 | -36.6% |
| Other amounts receivable | 41 | €103 | €2,841 | +€2,738 | +2,649% |
| Cash at bank and in hand | 54/58 | €8,889 | €12,061 | +€3,172 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,321 | €1,381 | +€60 | +4.6% |
| Total equity and liabilities | 10/49 | €82,408 | €59,707 | -€22,701 | -27.5% |
| Equity | 10/15 | €39,768 | €45,488 | +€5,720 | +14.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,268 | €41,988 | +€5,720 | +15.8% |
| Amounts payable | 17/49 | €42,640 | €14,219 | -€28,421 | -66.7% |
| Amounts payable after more than one year | 17 | €2,747 | - | -€2,747 | |
| Financial debts | 170/4 | €2,747 | - | -€2,747 | |
| Amounts payable within one year | 42/48 | €39,893 | €14,219 | -€25,674 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €6,363 | €2,747 | -€3,616 | -56.8% |
| Trade debts | 44 | €19,361 | €11,472 | -€7,888 | -40.7% |
| Suppliers | 440/4 | €19,361 | €11,472 | -€7,888 | -40.7% |
| Taxes, remuneration and social security | 45 | €8,498 | - | -€8,498 | |
| Taxes | 450/3 | €1,837 | - | -€1,837 | |
| Remuneration and social security | 454/9 | €6,661 | - | -€6,661 | |
| Other amounts payable | 47/48 | €5,671 | - | -€5,671 | |
| Remuneration, social security and pensions | 62 | €3,342 | - | -€3,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,613 | €7,960 | +€347 | +4.6% |
| Other operating charges | 640/8 | €903 | €485 | -€418 | -46.3% |
| Gross operating margin | 9900 | €4,571 | €15,035 | +€10,464 | +229% |
| Operating profit (loss) | 9901 | -€7,287 | €6,590 | +€13,877 | |
| Financial income | 75/76B | €62 | €99 | +€36 | +58.3% |
| Recurring financial income | 75 | €62 | €99 | +€36 | +58.3% |
| Financial charges | 65/66B | €1,781 | €969 | -€812 | -45.6% |
| Recurring financial charges | 65 | €1,781 | €969 | -€812 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,006 | €5,720 | +€14,726 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,006 | €5,720 | +€14,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,006 | €5,720 | +€14,726 |
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 20 October 2026 via checked.be.