ELECTRO CHRIS MEIR: 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.
ELECTRO CHRIS MEIR
Largest movements
- Receivables within one year -€15,875
down €15,875 (-75.6%), from €20,985 to €5,110
of which Trade receivables: -€8,814
- Cash +€11,730
up €11,730 (+92.9%), from €12,629 to €24,359
mainly Depreciation (+€32,248) and Net result for the year (+€21,781)
- Deferred charges and accrued income -€6,485
down €6,485 (-33.6%), from €19,306 to €12,820
- Stocks and contracts +€3,242
up €3,242 (+8.0%), from €40,750 to €43,992
- Reserves +€11,781
up €11,781 (+11.2%), from €104,803 to €116,585
- Other debts -€7,399
down €7,399 (-16.6%), from €44,530 to €37,131
- Current portion of long-term debt -€5,797
no longer reported in 2025 (was €5,797)
- Debts after one year -€3,986
no longer reported in 2025 (was €3,986)
- Gross operating margin +€29,157
up €29,157 (+71.6%), from €40,716 to €69,872
- Taxes +€9,170
up €9,170 (+331%), from €2,772 to €11,942
- Depreciation +€5,920
up €5,920 (+22.5%), from €26,328 to €32,248
- Financial charges -€3,003
down €3,003 (-48.2%), from €6,228 to €3,226
- Provisions -€1,426
no longer reported in 2025 (was €1,426)
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 | €172,362 | €166,249 | -€6,112 | -3.5% |
| Fixed assets | 21/28 | €78,692 | €79,967 | +€1,275 | +1.6% |
| Tangible fixed assets | 22/27 | €78,692 | €79,967 | +€1,275 | +1.6% |
| Land and buildings | 22 | €22,379 | €32,889 | +€10,510 | +47.0% |
| Plant, machinery and equipment | 23 | €2,561 | €1,622 | -€940 | -36.7% |
| Furniture and vehicles | 24 | €53,752 | €45,457 | -€8,295 | -15.4% |
| Current assets | 29/58 | €93,669 | €86,282 | -€7,387 | -7.9% |
| Stocks and contracts in progress | 3 | €40,750 | €43,992 | +€3,242 | +8.0% |
| Stocks | 30/36 | €40,750 | €43,992 | +€3,242 | +8.0% |
| Amounts receivable within one year | 40/41 | €20,985 | €5,110 | -€15,875 | -75.6% |
| Trade receivables | 40 | €9,897 | €1,082 | -€8,814 | -89.1% |
| Other amounts receivable | 41 | €11,089 | €4,028 | -€7,060 | -63.7% |
| Cash at bank and in hand | 54/58 | €12,629 | €24,359 | +€11,730 | +92.9% |
| Deferred charges and accrued income | 490/1 | €19,306 | €12,820 | -€6,485 | -33.6% |
| Total equity and liabilities | 10/49 | €172,362 | €166,249 | -€6,112 | -3.5% |
| Equity | 10/15 | €115,455 | €127,236 | +€11,781 | +10.2% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €104,803 | €116,585 | +€11,781 | +11.2% |
| Distributable reserves | 133 | €104,803 | €116,585 | +€11,781 | +11.2% |
| Profit (loss) carried forward | 14 | €4,328 | €4,328 | = | 0.0% |
| Amounts payable | 17/49 | €56,907 | €39,013 | -€17,894 | -31.4% |
| Amounts payable after more than one year | 17 | €3,986 | - | -€3,986 | |
| Financial debts | 170/4 | €3,986 | - | -€3,986 | |
| Amounts payable within one year | 42/48 | €52,921 | €39,013 | -€13,908 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €5,797 | - | -€5,797 | |
| Financial debts | 43 | €761 | - | -€761 | |
| Credit institutions | 430/8 | €761 | - | -€761 | |
| Trade debts | 44 | €819 | €1,131 | +€312 | +38.2% |
| Suppliers | 440/4 | €819 | €1,131 | +€312 | +38.2% |
| Taxes, remuneration and social security | 45 | €1,014 | €751 | -€263 | -25.9% |
| Taxes | 450/3 | €1,014 | €751 | -€263 | -25.9% |
| Other amounts payable | 47/48 | €44,530 | €37,131 | -€7,399 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,328 | €32,248 | +€5,920 | +22.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,426 | - | -€1,426 | |
| Other operating charges | 640/8 | €825 | €850 | +€25 | +3.0% |
| Gross operating margin | 9900 | €40,716 | €69,872 | +€29,157 | +71.6% |
| Operating profit (loss) | 9901 | €12,136 | €36,774 | +€24,638 | +203% |
| Financial income | 75/76B | €40 | €175 | +€134 | +334% |
| Recurring financial income | 75 | €40 | €175 | +€134 | +334% |
| Financial charges | 65/66B | €6,228 | €3,226 | -€3,003 | -48.2% |
| Recurring financial charges | 65 | €6,228 | €3,226 | -€3,003 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €5,948 | €33,723 | +€27,775 | +467% |
| Income taxes | 67/77 | €2,772 | €11,942 | +€9,170 | +331% |
| Profit (loss) for the period | 9904 | €3,176 | €21,781 | +€18,606 | +586% |
| Profit (loss) for the period to be appropriated | 9905 | €3,176 | €21,781 | +€18,606 | +586% |
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 29 October 2026 via checked.be.