ELECTRICITE MIGNON: 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.
ELECTRICITE MIGNON
Largest movements
- Cash -€88,792
down €88,792 (-35.4%), from €250,750 to €161,958
mainly Contributions, distributions and other (-€254,140) and Receivables within one year (-€52,623)
- Receivables within one year +€52,623
up €52,623 (+78.0%), from €67,487 to €120,111
of which Trade receivables: +€38,037
- Stocks and contracts +€28,208
up €28,208 (+152%), from €18,499 to €46,706
- Tangible fixed assets -€7,403
down €7,403 (-32.4%), from €22,850 to €15,447
of which Furniture and vehicles: -€7,271
- Trade debts +€19,147
up €19,147 (+119%), from €16,088 to €35,235
- Current portion of long-term debt -€17,411
no longer reported in 2025 (was €17,411)
- Other debts -€13,110
down €13,110 (-4.8%), from €273,020 to €259,909
- Tax, wage and social debts +€4,588
up €4,588 (+15.7%), from €29,207 to €33,795
of which Remuneration and social security: +€4,698
- Staff costs +€37,318
up €37,318 (+18.9%), from €197,420 to €234,738
- Gross operating margin +€8,940
up €8,940 (+1.5%), from €577,881 to €586,821
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 | €361,158 | €347,540 | -€13,619 | -3.8% |
| Fixed assets | 21/28 | €24,422 | €16,227 | -€8,196 | -33.6% |
| Intangible fixed assets | 21 | €1,572 | €779 | -€793 | -50.4% |
| Tangible fixed assets | 22/27 | €22,850 | €15,447 | -€7,403 | -32.4% |
| Plant, machinery and equipment | 23 | €548 | €416 | -€132 | -24.1% |
| Furniture and vehicles | 24 | €22,302 | €15,031 | -€7,271 | -32.6% |
| Current assets | 29/58 | €336,736 | €331,313 | -€5,423 | -1.6% |
| Stocks and contracts in progress | 3 | €18,499 | €46,706 | +€28,208 | +152% |
| Stocks | 30/36 | €18,499 | €46,706 | +€28,208 | +152% |
| Amounts receivable within one year | 40/41 | €67,487 | €120,111 | +€52,623 | +78.0% |
| Trade receivables | 40 | €29,219 | €67,256 | +€38,037 | +130% |
| Other amounts receivable | 41 | €38,268 | €52,855 | +€14,586 | +38.1% |
| Cash at bank and in hand | 54/58 | €250,750 | €161,958 | -€88,792 | -35.4% |
| Deferred charges and accrued income | 490/1 | - | €2,538 | +€2,538 | |
| Total equity and liabilities | 10/49 | €361,158 | €347,540 | -€13,619 | -3.8% |
| Equity | 10/15 | €22,252 | €18,600 | -€3,652 | -16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €1,792 | - | -€1,792 | |
| Amounts payable | 17/49 | €338,906 | €328,940 | -€9,966 | -2.9% |
| Amounts payable within one year | 42/48 | €338,906 | €328,940 | -€9,966 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €17,411 | - | -€17,411 | |
| Trade debts | 44 | €16,088 | €35,235 | +€19,147 | +119% |
| Suppliers | 440/4 | €16,088 | €35,235 | +€19,147 | +119% |
| Advances received on contracts in progress | 46 | €3,180 | - | -€3,180 | |
| Taxes, remuneration and social security | 45 | €29,207 | €33,795 | +€4,588 | +15.7% |
| Taxes | 450/3 | €5,052 | €4,942 | -€110 | -2.2% |
| Remuneration and social security | 454/9 | €24,155 | €28,853 | +€4,698 | +19.4% |
| Other amounts payable | 47/48 | €273,020 | €259,909 | -€13,110 | -4.8% |
| Remuneration, social security and pensions | 62 | €197,420 | €234,738 | +€37,318 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,199 | €10,764 | +€565 | +5.5% |
| Other operating charges | 640/8 | €13,743 | €8,415 | -€5,328 | -38.8% |
| Gross operating margin | 9900 | €577,881 | €586,821 | +€8,940 | +1.5% |
| Operating profit (loss) | 9901 | €356,520 | €332,904 | -€23,616 | -6.6% |
| Financial income | 75/76B | €30 | €633 | +€603 | +2,000% |
| Recurring financial income | 75 | €30 | €633 | +€603 | +2,000% |
| Financial charges | 65/66B | €1,076 | €428 | -€648 | -60.2% |
| Recurring financial charges | 65 | €1,076 | €428 | -€648 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €355,474 | €333,110 | -€22,364 | -6.3% |
| Income taxes | 67/77 | €84,068 | €82,622 | -€1,446 | -1.7% |
| Profit (loss) for the period | 9904 | €271,406 | €250,488 | -€20,918 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €271,406 | €250,488 | -€20,918 | -7.7% |
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 28 October 2026 via checked.be.