GOGU ELEC: 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.
GOGU ELEC
Largest movements
- Receivables within one year -€42,126
down €42,126 (-28.7%), from €146,637 to €104,511
of which Trade receivables: -€36,091
- Cash -€18,991
down €18,991 (-7.0%), from €270,253 to €251,262
mainly Trade debts (-€86,340) and Debts after one year (-€7,379)
- Tangible fixed assets -€18,751
down €18,751 (-29.8%), from €62,955 to €44,204
of which Furniture and vehicles: -€19,829
- Trade debts -€86,340
down €86,340 (-35.6%), from €242,376 to €156,036
- Profit (loss) carried forward +€19,464
up €19,464 (+12.3%), from €157,993 to €177,457
- Debts after one year -€7,379
down €7,379 (-32.3%), from €22,848 to €15,469
- Turnover -€117,803
down €117,803 (-7.0%), from €1.7m to €1.6m
- Gross operating margin -€78,048
down €78,048 (-57.5%), from €135,819 to €57,772
- Purchases and services -€36,043
down €36,043 (-2.3%), from €1.5m to €1.5m
- Taxes -€22,721
down €22,721 (-66.1%), from €34,349 to €11,628
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,794 | €403,560 | -€77,234 | -16.1% |
| Fixed assets | 21/28 | €63,755 | €45,004 | -€18,751 | -29.4% |
| Tangible fixed assets | 22/27 | €62,955 | €44,204 | -€18,751 | -29.8% |
| Plant, machinery and equipment | 23 | - | €1,078 | +€1,078 | |
| Furniture and vehicles | 24 | €62,955 | €43,127 | -€19,829 | -31.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €417,039 | €358,556 | -€58,483 | -14.0% |
| Amounts receivable within one year | 40/41 | €146,637 | €104,511 | -€42,126 | -28.7% |
| Trade receivables | 40 | €137,527 | €101,436 | -€36,091 | -26.2% |
| Other amounts receivable | 41 | €9,110 | €3,075 | -€6,035 | -66.2% |
| Cash at bank and in hand | 54/58 | €270,253 | €251,262 | -€18,991 | -7.0% |
| Deferred charges and accrued income | 490/1 | €149 | €2,783 | +€2,634 | +1,769% |
| Total equity and liabilities | 10/49 | €480,794 | €403,560 | -€77,234 | -16.1% |
| Equity | 10/15 | €164,193 | €183,657 | +€19,464 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,993 | €177,457 | +€19,464 | +12.3% |
| Amounts payable | 17/49 | €316,601 | €219,903 | -€96,698 | -30.5% |
| Amounts payable after more than one year | 17 | €22,848 | €15,469 | -€7,379 | -32.3% |
| Financial debts | 170/4 | €22,848 | €15,469 | -€7,379 | -32.3% |
| Amounts payable within one year | 42/48 | €293,753 | €204,434 | -€89,319 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €7,152 | €7,379 | +€227 | +3.2% |
| Trade debts | 44 | €242,376 | €156,036 | -€86,340 | -35.6% |
| Suppliers | 440/4 | €242,376 | €156,036 | -€86,340 | -35.6% |
| Taxes, remuneration and social security | 45 | €44,225 | €41,019 | -€3,206 | -7.2% |
| Taxes | 450/3 | €41,711 | €36,628 | -€5,083 | -12.2% |
| Remuneration and social security | 454/9 | €2,514 | €4,391 | +€1,877 | +74.7% |
| Turnover | 70 | €1,671,929 | €1,554,126 | -€117,803 | -7.0% |
| Non-recurring operating income | 76A | - | €3,712 | +€3,712 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,536,109 | €1,500,067 | -€36,043 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,679 | €21,152 | +€8,473 | +66.8% |
| Other operating charges | 640/8 | €121 | €63 | -€58 | -47.6% |
| Non-recurring operating charges | 66A | €3,305 | €4,179 | +€875 | +26.5% |
| Gross operating margin | 9900 | €135,819 | €57,772 | -€78,048 | -57.5% |
| Operating profit (loss) | 9901 | €119,714 | €32,377 | -€87,338 | -73.0% |
| Financial income | 75/76B | €714 | €3,004 | +€2,290 | +321% |
| Recurring financial income | 75 | €714 | €3,004 | +€2,290 | +321% |
| Financial charges | 65/66B | €2,378 | €4,288 | +€1,910 | +80.3% |
| Recurring financial charges | 65 | €2,378 | €4,288 | +€1,910 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | €118,050 | €31,092 | -€86,958 | -73.7% |
| Income taxes | 67/77 | €34,349 | €11,628 | -€22,721 | -66.1% |
| Profit (loss) for the period | 9904 | €83,701 | €19,464 | -€64,237 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,701 | €19,464 | -€64,237 | -76.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.