Gramo Electro: 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.
Gramo Electro
Largest movements
- Cash -€18,708
down €18,708 (-25.8%), from €72,375 to €53,666
mainly Tax, wage and social debts (-€18,782) and Receivables within one year (-€9,927)
- Receivables within one year +€9,927
up €9,927 (+58.4%), from €17,001 to €26,928
of which Trade receivables: +€8,350
- Stocks and contracts -€4,975
down €4,975 (-3.0%), from €167,331 to €162,356
- Tangible fixed assets -€4,844
down €4,844 (-16.2%), from €29,881 to €25,037
of which Furniture and vehicles: -€6,417
- Deferred charges and accrued income +€4,554
up €4,554 (+65.2%), from €6,989 to €11,543
- Tax, wage and social debts -€18,782
down €18,782 (-42.6%), from €44,065 to €25,283
of which Taxes: -€11,254
- Trade debts +€13,923
up €13,923 (+91.8%), from €15,159 to €29,082
- Debts after one year -€7,936
down €7,936 (-36.2%), from €21,924 to €13,988
- Depreciation +€3,732
up €3,732 (+117%), from €3,194 to €6,926
- Staff costs +€2,970
up €2,970 (+2.6%), from €114,273 to €117,243
- Taxes -€2,577
down €2,577 (-61.1%), from €4,217 to €1,641
- Financial income -€2,368
down €2,368 (-34.3%), from €6,907 to €4,539
- Gross operating margin -€1,675
down €1,675 (-1.3%), from €133,290 to €131,616
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 | €293,576 | €279,530 | -€14,046 | -4.8% |
| Fixed assets | 21/28 | €29,881 | €25,037 | -€4,844 | -16.2% |
| Tangible fixed assets | 22/27 | €29,881 | €25,037 | -€4,844 | -16.2% |
| Plant, machinery and equipment | 23 | €494 | €0 | -€494 | -100% |
| Furniture and vehicles | 24 | €29,387 | €22,969 | -€6,417 | -21.8% |
| Other tangible fixed assets | 26 | - | €2,067 | +€2,067 | |
| Current assets | 29/58 | €263,696 | €254,493 | -€9,202 | -3.5% |
| Stocks and contracts in progress | 3 | €167,331 | €162,356 | -€4,975 | -3.0% |
| Stocks | 30/36 | €167,331 | €162,356 | -€4,975 | -3.0% |
| Amounts receivable within one year | 40/41 | €17,001 | €26,928 | +€9,927 | +58.4% |
| Trade receivables | 40 | €14,218 | €22,569 | +€8,350 | +58.7% |
| Other amounts receivable | 41 | €2,783 | €4,359 | +€1,577 | +56.7% |
| Cash at bank and in hand | 54/58 | €72,375 | €53,666 | -€18,708 | -25.8% |
| Deferred charges and accrued income | 490/1 | €6,989 | €11,543 | +€4,554 | +65.2% |
| Total equity and liabilities | 10/49 | €293,576 | €279,530 | -€14,046 | -4.8% |
| Equity | 10/15 | €129,082 | €129,507 | +€425 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,498 | €61,922 | +€425 | +0.7% |
| Distributable reserves | 133 | €61,498 | €61,922 | +€425 | +0.7% |
| Profit (loss) carried forward | 14 | €48,984 | €48,984 | = | 0.0% |
| Amounts payable | 17/49 | €164,494 | €150,024 | -€14,471 | -8.8% |
| Amounts payable after more than one year | 17 | €21,924 | €13,988 | -€7,936 | -36.2% |
| Financial debts | 170/4 | €21,924 | €13,988 | -€7,936 | -36.2% |
| Amounts payable within one year | 42/48 | €140,052 | €133,625 | -€6,428 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €7,610 | €7,936 | +€326 | +4.3% |
| Trade debts | 44 | €15,159 | €29,082 | +€13,923 | +91.8% |
| Suppliers | 440/4 | €15,159 | €29,082 | +€13,923 | +91.8% |
| Advances received on contracts in progress | 46 | €39,378 | €39,916 | +€537 | +1.4% |
| Taxes, remuneration and social security | 45 | €44,065 | €25,283 | -€18,782 | -42.6% |
| Taxes | 450/3 | €25,782 | €14,527 | -€11,254 | -43.7% |
| Remuneration and social security | 454/9 | €18,283 | €10,755 | -€7,528 | -41.2% |
| Other amounts payable | 47/48 | €33,840 | €31,409 | -€2,432 | -7.2% |
| Accrued charges and deferred income | 492/3 | €2,518 | €2,411 | -€107 | -4.3% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €114,273 | €117,243 | +€2,970 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,194 | €6,926 | +€3,732 | +117% |
| Other operating charges | 640/8 | €3,613 | €2,827 | -€786 | -21.7% |
| Non-recurring operating charges | 66A | - | €3,500 | +€3,500 | |
| Gross operating margin | 9900 | €133,290 | €131,616 | -€1,675 | -1.3% |
| Operating profit (loss) | 9901 | €12,210 | €1,119 | -€11,091 | -90.8% |
| Financial income | 75/76B | €6,907 | €4,539 | -€2,368 | -34.3% |
| Recurring financial income | 75 | €6,907 | €4,539 | -€2,368 | -34.3% |
| Financial charges | 65/66B | €4,576 | €3,593 | -€983 | -21.5% |
| Recurring financial charges | 65 | €4,576 | €3,593 | -€983 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €14,541 | €2,065 | -€12,475 | -85.8% |
| Income taxes | 67/77 | €4,217 | €1,641 | -€2,577 | -61.1% |
| Profit (loss) for the period | 9904 | €10,323 | €425 | -€9,899 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,323 | €425 | -€9,899 | -95.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.