ELECTRO HERMANS - MULLENS: 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 HERMANS - MULLENS
Largest movements
- Cash -€925,478
down €925,478 (-94.7%), from €977,547 to €52,069
mainly Current investments (-€800,000) and Receivables within one year (-€96,512)
- Current investments +€800,000
new in 2025: €800,000
- Receivables within one year +€96,512
up €96,512 (+362%), from €26,640 to €123,152
- Tangible fixed assets -€15,125
down €15,125 (-24.3%), from €62,223 to €47,097
of which Furniture and vehicles: -€15,125
- Trade debts -€44,304
down €44,304 (-97.6%), from €45,412 to €1,108
- Financial income -€6,681
down €6,681 (-24.7%), from €27,012 to €20,331
- Depreciation +€5,863
up €5,863 (+63.3%), from €9,262 to €15,125
- Gross operating margin +€1,617
up €1,617 (+73.2%), from -€2,208 to -€591
- Taxes -€505
down €505 (-20.5%), from €2,464 to €1,959
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 | €1,372,998 | €1,326,668 | -€46,330 | -3.4% |
| Fixed assets | 21/28 | €62,223 | €47,097 | -€15,125 | -24.3% |
| Tangible fixed assets | 22/27 | €62,223 | €47,097 | -€15,125 | -24.3% |
| Land and buildings | 22 | €14,130 | €14,130 | = | 0.0% |
| Furniture and vehicles | 24 | €48,093 | €32,968 | -€15,125 | -31.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,310,775 | €1,279,570 | -€31,204 | -2.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,640 | €123,152 | +€96,512 | +362% |
| Other amounts receivable | 41 | €26,640 | €123,152 | +€96,512 | +362% |
| Current investments | 50/53 | - | €800,000 | +€800,000 | |
| Cash at bank and in hand | 54/58 | €977,547 | €52,069 | -€925,478 | -94.7% |
| Deferred charges and accrued income | 490/1 | €6,589 | €4,350 | -€2,239 | -34.0% |
| Total equity and liabilities | 10/49 | €1,372,998 | €1,326,668 | -€46,330 | -3.4% |
| Equity | 10/15 | €1,326,921 | €1,324,895 | -€2,026 | -0.2% |
| Contributions | 10/11 | €223,200 | €223,200 | = | 0.0% |
| Capital | 10 | €223,200 | €223,200 | = | 0.0% |
| Issued capital | 100 | €223,200 | €223,200 | = | 0.0% |
| Revaluation surpluses | 12 | €96,678 | €96,678 | = | 0.0% |
| Reserves | 13 | €1,007,042 | €1,005,016 | -€2,026 | -0.2% |
| Non-distributable reserves | 130/1 | €22,320 | €22,320 | = | 0.0% |
| Legal reserve | 130 | €22,320 | €22,320 | = | 0.0% |
| Distributable reserves | 133 | €984,722 | €982,696 | -€2,026 | -0.2% |
| Amounts payable | 17/49 | €46,077 | €1,773 | -€44,304 | -96.2% |
| Amounts payable within one year | 42/48 | €46,077 | €1,773 | -€44,304 | -96.2% |
| Trade debts | 44 | €45,412 | €1,108 | -€44,304 | -97.6% |
| Suppliers | 440/4 | €45,412 | €1,108 | -€44,304 | -97.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €665 | €665 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,262 | €15,125 | +€5,863 | +63.3% |
| Other operating charges | 640/8 | €4,651 | €4,637 | -€14 | -0.3% |
| Gross operating margin | 9900 | -€2,208 | -€591 | +€1,617 | +73.2% |
| Operating profit (loss) | 9901 | -€16,121 | -€20,353 | -€4,233 | -26.3% |
| Financial income | 75/76B | €27,012 | €20,331 | -€6,681 | -24.7% |
| Recurring financial income | 75 | €27,012 | €20,331 | -€6,681 | -24.7% |
| Financial charges | 65/66B | €57 | €45 | -€12 | -21.2% |
| Recurring financial charges | 65 | €57 | €45 | -€12 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €10,834 | -€67 | -€10,902 | |
| Income taxes | 67/77 | €2,464 | €1,959 | -€505 | -20.5% |
| Profit (loss) for the period | 9904 | €8,370 | -€2,026 | -€10,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,370 | -€2,026 | -€10,396 |
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.