GO4ELECTRIC: 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.
GO4ELECTRIC
Largest movements
- Stocks and contracts +€26,958
up €26,958 (+12.7%), from €211,676 to €238,634
- Tangible fixed assets -€15,970
down €15,970 (-67.3%), from €23,728 to €7,757
of which Other tangible fixed assets: -€16,249
- Receivables within one year -€14,475
no longer reported in 2025 (was €14,475)
of which Trade receivables: -€14,226
- Intangible fixed assets -€4,405
down €4,405 (-26.8%), from €16,434 to €12,028
- Trade debts -€86,850
down €86,850 (-59.4%), from €146,163 to €59,313
- Other debts +€79,134
up €79,134 (+56.4%), from €140,385 to €219,519
- Profit (loss) carried forward +€42,492
up €42,492 (+13.5%), from -€314,662 to -€272,171
- Debts after one year -€23,724
down €23,724 (-23.2%), from €102,431 to €78,706
- Tax, wage and social debts -€13,227
down €13,227 (-32.9%), from €40,195 to €26,968
of which Taxes: -€7,538
- Gross operating margin +€162,138
up €162,138 (+3,874%), from €4,185 to €166,324
- Staff costs -€18,690
down €18,690 (-17.5%), from €106,556 to €87,865
- Other operating charges -€6,107
down €6,107 (-62.7%), from €9,745 to €3,638
- Financial charges -€4,840
down €4,840 (-31.8%), from €15,222 to €10,382
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 | €289,779 | €282,339 | -€7,439 | -2.6% |
| Fixed assets | 21/28 | €41,226 | €20,286 | -€20,941 | -50.8% |
| Intangible fixed assets | 21 | €16,434 | €12,028 | -€4,405 | -26.8% |
| Tangible fixed assets | 22/27 | €23,728 | €7,757 | -€15,970 | -67.3% |
| Plant, machinery and equipment | 23 | €0 | €1,777 | +€1,777 | |
| Furniture and vehicles | 24 | €2,205 | €706 | -€1,498 | -68.0% |
| Other tangible fixed assets | 26 | €21,523 | €5,274 | -€16,249 | -75.5% |
| Financial fixed assets | 28 | €1,065 | €500 | -€565 | -53.1% |
| Current assets | 29/58 | €248,553 | €262,054 | +€13,501 | +5.4% |
| Stocks and contracts in progress | 3 | €211,676 | €238,634 | +€26,958 | +12.7% |
| Stocks | 30/36 | €211,676 | €238,634 | +€26,958 | +12.7% |
| Amounts receivable within one year | 40/41 | €14,475 | - | -€14,475 | |
| Trade receivables | 40 | €14,226 | - | -€14,226 | |
| Other amounts receivable | 41 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €17,730 | €19,631 | +€1,901 | +10.7% |
| Deferred charges and accrued income | 490/1 | €4,671 | €3,789 | -€882 | -18.9% |
| Total equity and liabilities | 10/49 | €289,779 | €282,339 | -€7,439 | -2.6% |
| Equity | 10/15 | -€294,202 | -€251,711 | +€42,492 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€314,662 | -€272,171 | +€42,492 | +13.5% |
| Amounts payable | 17/49 | €583,981 | €534,050 | -€49,931 | -8.6% |
| Amounts payable after more than one year | 17 | €102,431 | €78,706 | -€23,724 | -23.2% |
| Financial debts | 170/4 | €102,431 | €78,706 | -€23,724 | -23.2% |
| Amounts payable within one year | 42/48 | €481,525 | €454,523 | -€27,002 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €31,061 | €23,724 | -€7,337 | -23.6% |
| Financial debts | 43 | €123,722 | €125,000 | +€1,278 | +1.0% |
| Credit institutions | 430/8 | €123,722 | €125,000 | +€1,278 | +1.0% |
| Trade debts | 44 | €146,163 | €59,313 | -€86,850 | -59.4% |
| Suppliers | 440/4 | €146,163 | €59,313 | -€86,850 | -59.4% |
| Taxes, remuneration and social security | 45 | €40,195 | €26,968 | -€13,227 | -32.9% |
| Taxes | 450/3 | €28,114 | €20,576 | -€7,538 | -26.8% |
| Remuneration and social security | 454/9 | €12,081 | €6,392 | -€5,689 | -47.1% |
| Other amounts payable | 47/48 | €140,385 | €219,519 | +€79,134 | +56.4% |
| Accrued charges and deferred income | 492/3 | €26 | €821 | +€795 | +3,103% |
| Non-recurring operating income | 76A | - | €19,124 | +€19,124 | |
| Remuneration, social security and pensions | 62 | €106,556 | €87,865 | -€18,690 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,079 | €21,642 | -€437 | -2.0% |
| Other operating charges | 640/8 | €9,745 | €3,638 | -€6,107 | -62.7% |
| Gross operating margin | 9900 | €4,185 | €166,324 | +€162,138 | +3,874% |
| Operating profit (loss) | 9901 | -€134,194 | €53,178 | +€187,373 | |
| Financial income | 75/76B | €55 | €2 | -€53 | -95.7% |
| Recurring financial income | 75 | €55 | €2 | -€53 | -95.7% |
| Financial charges | 65/66B | €15,222 | €10,382 | -€4,840 | -31.8% |
| Recurring financial charges | 65 | €15,222 | €10,382 | -€4,840 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€149,361 | €42,799 | +€192,160 | |
| Income taxes | 67/77 | €305 | €307 | +€2 | +0.6% |
| Profit (loss) for the period | 9904 | -€149,666 | €42,492 | +€192,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€149,666 | €42,492 | +€192,158 |
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 16 October 2026 via checked.be.