GR Elec': 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.
GR Elec'
Largest movements
- Receivables within one year -€90,548
down €90,548 (-45.4%), from €199,402 to €108,854
of which Trade receivables: -€92,760
- Tangible fixed assets -€41,983
down €41,983 (-5.2%), from €806,149 to €764,166
of which Land and buildings: -€32,782
- Stocks and contracts +€26,320
up €26,320 (+38.7%), from €68,026 to €94,346
- Short-term financial debts -€66,396
down €66,396 (-57.7%), from €115,077 to €48,681
- Debts after one year -€52,775
down €52,775 (-8.0%), from €656,284 to €603,509
- Profit (loss) carried forward +€30,600
up €30,600 (+41.0%), from €74,582 to €105,182
- Other debts -€27,152
down €27,152 (-16.2%), from €167,354 to €140,202
- Tax, wage and social debts -€24,879
down €24,879 (-37.7%), from €65,929 to €41,050
of which Remuneration and social security: -€28,151
- Financial income +€24,549
up €24,549 (+19030.2%), from €129 to €24,678
- Taxes +€12,004
up €12,004 (+7695.1%), from €156 to €12,160
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.
Cash bridge derived
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 | €1,150,923 | €1,031,148 | -€119,775 | -10.4% |
| Fixed assets | 21/28 | €875,724 | €823,741 | -€51,983 | -5.9% |
| Intangible fixed assets | 21 | €64,575 | €54,575 | -€10,000 | -15.5% |
| Tangible fixed assets | 22/27 | €806,149 | €764,166 | -€41,983 | -5.2% |
| Land and buildings | 22 | €747,370 | €714,588 | -€32,782 | -4.4% |
| Plant, machinery and equipment | 23 | €52,994 | €45,544 | -€7,450 | -14.1% |
| Furniture and vehicles | 24 | €5,785 | €4,033 | -€1,752 | -30.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €275,199 | €207,407 | -€67,792 | -24.6% |
| Stocks and contracts in progress | 3 | €68,026 | €94,346 | +€26,320 | +38.7% |
| Stocks | 30/36 | €68,026 | €94,346 | +€26,320 | +38.7% |
| Amounts receivable within one year | 40/41 | €199,402 | €108,854 | -€90,548 | -45.4% |
| Trade receivables | 40 | €186,014 | €93,254 | -€92,760 | -49.9% |
| Other amounts receivable | 41 | €13,388 | €15,600 | +€2,212 | +16.5% |
| Cash at bank and in hand | 54/58 | - | €2,069 | +€2,069 | |
| Deferred charges and accrued income | 490/1 | €7,771 | €2,137 | -€5,634 | -72.5% |
| Total equity and liabilities | 10/49 | €1,150,923 | €1,031,148 | -€119,775 | -10.4% |
| Equity | 10/15 | €79,582 | €110,182 | +€30,600 | +38.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,582 | €105,182 | +€30,600 | +41.0% |
| Amounts payable | 17/49 | €1,071,341 | €920,966 | -€150,375 | -14.0% |
| Amounts payable after more than one year | 17 | €656,284 | €603,509 | -€52,775 | -8.0% |
| Financial debts | 170/4 | €656,284 | €603,509 | -€52,775 | -8.0% |
| Amounts payable within one year | 42/48 | €415,057 | €317,370 | -€97,687 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €51,901 | €52,775 | +€874 | +1.7% |
| Financial debts | 43 | €115,077 | €48,681 | -€66,396 | -57.7% |
| Credit institutions | 430/8 | €115,077 | €48,681 | -€66,396 | -57.7% |
| Trade debts | 44 | €14,796 | €34,664 | +€19,868 | +134.3% |
| Suppliers | 440/4 | €14,796 | €33,096 | +€18,300 | +123.7% |
| Bills of exchange payable | 441 | - | €1,568 | +€1,568 | |
| Taxes, remuneration and social security | 45 | €65,929 | €41,050 | -€24,879 | -37.7% |
| Taxes | 450/3 | €9,086 | €12,358 | +€3,272 | +36.0% |
| Remuneration and social security | 454/9 | €56,843 | €28,692 | -€28,151 | -49.5% |
| Other amounts payable | 47/48 | €167,354 | €140,202 | -€27,152 | -16.2% |
| Accrued charges and deferred income | 492/3 | - | €87 | +€87 | |
| Remuneration, social security and pensions | 62 | €340,724 | €342,287 | +€1,563 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,175 | €58,188 | -€2,987 | -4.9% |
| Other operating charges | 640/8 | €5,951 | €6,204 | +€253 | +4.2% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €470,151 | €465,803 | -€4,348 | -0.9% |
| Operating profit (loss) | 9901 | €62,301 | €59,008 | -€3,293 | -5.3% |
| Financial income | 75/76B | €129 | €24,678 | +€24,549 | +19030.2% |
| Recurring financial income | 75 | €129 | €24,678 | +€24,549 | +19030.2% |
| Financial charges | 65/66B | €39,563 | €40,926 | +€1,363 | +3.4% |
| Recurring financial charges | 65 | €39,563 | €40,926 | +€1,363 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €22,867 | €42,761 | +€19,894 | +87.0% |
| Income taxes | 67/77 | €156 | €12,160 | +€12,004 | +7695.1% |
| Profit (loss) for the period | 9904 | €22,711 | €30,600 | +€7,889 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,711 | €30,600 | +€7,889 | +34.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.