Grade Electrical Safety & Engineering: 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.
Grade Electrical Safety & Engineering
Largest movements
- Cash -€27,958
down €27,958 (-35.9%), from €77,822 to €49,863
mainly Contributions, distributions and other (-€88,370) and Current investments (-€21,782)
- Current investments +€21,782
up €21,782, from €0 to €21,782
- Receivables within one year -€11,391
down €11,391 (-20.2%), from €56,315 to €44,924
of which Trade receivables: -€22,457
- Tangible fixed assets -€3,342
down €3,342 (-12.1%), from €27,520 to €24,178
of which Plant, machinery and equipment: -€2,130
- Tax, wage and social debts -€15,601
down €15,601 (-52.3%), from €29,851 to €14,251
- Advances received -€8,614
down €8,614 (-94.8%), from €9,085 to €471
- Other debts +€3,846
up €3,846 (+3.7%), from €103,789 to €107,635
- Gross operating margin -€38,702
down €38,702 (-24.9%), from €155,259 to €116,557
- Taxes -€21,702
down €21,702 (-67.4%), from €32,208 to €10,507
- Financial income -€7,808
down €7,808 (-88.7%), from €8,798 to €990
- Depreciation -€1,903
down €1,903 (-23.6%), from €8,059 to €6,156
- Financial charges -€1,781
down €1,781 (-36.7%), from €4,857 to €3,076
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 | €162,948 | €141,657 | -€21,291 | -13.1% |
| Fixed assets | 21/28 | €27,520 | €24,178 | -€3,342 | -12.1% |
| Tangible fixed assets | 22/27 | €27,520 | €24,178 | -€3,342 | -12.1% |
| Plant, machinery and equipment | 23 | €23,969 | €21,839 | -€2,130 | -8.9% |
| Furniture and vehicles | 24 | €3,551 | €2,339 | -€1,212 | -34.1% |
| Current assets | 29/58 | €135,429 | €117,479 | -€17,949 | -13.3% |
| Amounts receivable within one year | 40/41 | €56,315 | €44,924 | -€11,391 | -20.2% |
| Trade receivables | 40 | €56,315 | €33,857 | -€22,457 | -39.9% |
| Other amounts receivable | 41 | €0 | €11,066 | +€11,066 | |
| Current investments | 50/53 | €0 | €21,782 | +€21,782 | |
| Cash at bank and in hand | 54/58 | €77,822 | €49,863 | -€27,958 | -35.9% |
| Deferred charges and accrued income | 490/1 | €1,293 | €910 | -€382 | -29.6% |
| Total equity and liabilities | 10/49 | €162,948 | €141,657 | -€21,291 | -13.1% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €161,948 | €140,657 | -€21,291 | -13.1% |
| Amounts payable after more than one year | 17 | €9,155 | €7,784 | -€1,371 | -15.0% |
| Financial debts | 170/4 | €9,155 | €7,784 | -€1,371 | -15.0% |
| Amounts payable within one year | 42/48 | €152,794 | €132,873 | -€19,921 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €1,337 | €1,371 | +€34 | +2.5% |
| Trade debts | 44 | €8,731 | €9,146 | +€414 | +4.7% |
| Suppliers | 440/4 | €8,731 | €9,146 | +€414 | +4.7% |
| Advances received on contracts in progress | 46 | €9,085 | €471 | -€8,614 | -94.8% |
| Taxes, remuneration and social security | 45 | €29,851 | €14,251 | -€15,601 | -52.3% |
| Taxes | 450/3 | €29,851 | €14,251 | -€15,601 | -52.3% |
| Other amounts payable | 47/48 | €103,789 | €107,635 | +€3,846 | +3.7% |
| Remuneration, social security and pensions | 62 | €1,000 | €250 | -€750 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,059 | €6,156 | -€1,903 | -23.6% |
| Other operating charges | 640/8 | €1,031 | €591 | -€441 | -42.7% |
| Non-recurring operating charges | 66A | €0 | €8,598 | +€8,598 | |
| Gross operating margin | 9900 | €155,259 | €116,557 | -€38,702 | -24.9% |
| Operating profit (loss) | 9901 | €145,169 | €100,963 | -€44,206 | -30.5% |
| Financial income | 75/76B | €8,798 | €990 | -€7,808 | -88.7% |
| Recurring financial income | 75 | €8,798 | €990 | -€7,808 | -88.7% |
| Financial charges | 65/66B | €4,857 | €3,076 | -€1,781 | -36.7% |
| Recurring financial charges | 65 | €4,857 | €3,076 | -€1,781 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €149,110 | €98,876 | -€50,234 | -33.7% |
| Income taxes | 67/77 | €32,208 | €10,507 | -€21,702 | -67.4% |
| Profit (loss) for the period | 9904 | €116,902 | €88,370 | -€28,532 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,902 | €88,370 | -€28,532 | -24.4% |
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 17 October 2026 via checked.be.