TG Electrics: 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.
TG Electrics
Largest movements
- Tangible fixed assets +€22,178
up €22,178 (+356%), from €6,227 to €28,404
of which Furniture and vehicles: +€20,807
- Receivables within one year -€6,763
down €6,763 (-76.1%), from €8,889 to €2,126
of which Trade receivables: -€7,321
- Cash -€1,777
down €1,777 (-19.4%), from €9,181 to €7,404
mainly Investment in fixed assets (net) (-€25,697) and Other debts (-€12,143)
- Other debts -€12,143
down €12,143 (-100%), from €12,143 to €0
- Reserves +€11,793
new in 2025: €11,793
- Debts after one year +€11,353
new in 2025: €11,353
- Current portion of long-term debt +€6,521
new in 2025: €6,521
- Profit (loss) carried forward -€5,331
down €5,331 (-100%), from €5,331 to €0
- Gross operating margin +€3,564
up €3,564 (+37.1%), from €9,597 to €13,160
- Depreciation +€2,068
up €2,068 (+143%), from €1,451 to €3,519
- Financial charges +€398
up €398 (+326%), from €122 to €520
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 | €24,995 | €38,974 | +€13,979 | +55.9% |
| Fixed assets | 21/28 | €6,227 | €28,404 | +€22,178 | +356% |
| Tangible fixed assets | 22/27 | €6,227 | €28,404 | +€22,178 | +356% |
| Plant, machinery and equipment | 23 | €760 | €2,131 | +€1,370 | +180% |
| Furniture and vehicles | 24 | €5,466 | €26,274 | +€20,807 | +381% |
| Current assets | 29/58 | €18,769 | €10,570 | -€8,199 | -43.7% |
| Amounts receivable within one year | 40/41 | €8,889 | €2,126 | -€6,763 | -76.1% |
| Trade receivables | 40 | €7,625 | €304 | -€7,321 | -96.0% |
| Other amounts receivable | 41 | €1,264 | €1,822 | +€558 | +44.1% |
| Cash at bank and in hand | 54/58 | €9,181 | €7,404 | -€1,777 | -19.4% |
| Deferred charges and accrued income | 490/1 | €698 | €1,040 | +€341 | +48.9% |
| Total equity and liabilities | 10/49 | €24,995 | €38,974 | +€13,979 | +55.9% |
| Equity | 10/15 | €7,831 | €14,293 | +€6,463 | +82.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €11,793 | +€11,793 | |
| Distributable reserves | 133 | - | €11,793 | +€11,793 | |
| Profit (loss) carried forward | 14 | €5,331 | €0 | -€5,331 | -100% |
| Amounts payable | 17/49 | €17,165 | €24,680 | +€7,516 | +43.8% |
| Amounts payable after more than one year | 17 | - | €11,353 | +€11,353 | |
| Financial debts | 170/4 | - | €11,353 | +€11,353 | |
| Amounts payable within one year | 42/48 | €17,165 | €13,327 | -€3,837 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,521 | +€6,521 | |
| Trade debts | 44 | €3,201 | €3,057 | -€144 | -4.5% |
| Suppliers | 440/4 | €3,201 | €3,057 | -€144 | -4.5% |
| Taxes, remuneration and social security | 45 | €1,820 | €3,750 | +€1,929 | +106% |
| Taxes | 450/3 | €1,820 | €3,750 | +€1,929 | +106% |
| Other amounts payable | 47/48 | €12,143 | €0 | -€12,143 | -100% |
| Non-recurring operating income | 76A | - | €3,973 | +€3,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,451 | €3,519 | +€2,068 | +143% |
| Other operating charges | 640/8 | €896 | €775 | -€121 | -13.5% |
| Gross operating margin | 9900 | €9,597 | €13,160 | +€3,564 | +37.1% |
| Operating profit (loss) | 9901 | €7,250 | €8,866 | +€1,616 | +22.3% |
| Financial income | 75/76B | €23 | €46 | +€23 | +96.1% |
| Recurring financial income | 75 | €23 | €46 | +€23 | +96.1% |
| Financial charges | 65/66B | €122 | €520 | +€398 | +326% |
| Recurring financial charges | 65 | €122 | €520 | +€398 | +326% |
| Profit (loss) for the period before taxes | 9903 | €7,151 | €8,392 | +€1,241 | +17.4% |
| Income taxes | 67/77 | €1,820 | €1,929 | +€109 | +6.0% |
| Profit (loss) for the period | 9904 | €5,331 | €6,463 | +€1,132 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,331 | €6,463 | +€1,132 | +21.2% |
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 15 October 2026 via checked.be.