Electro-Mandel: what changed
Two fiscal 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-Mandel
Largest movements
- Tangible fixed assets -€91,106
down €91,106 (-15.1%), from €605,173 to €514,067
of which Other tangible fixed assets: -€66,268
- Cash -€48,650
down €48,650 (-31.9%), from €152,573 to €103,923
mainly Debts after one year (-€93,000) and Trade debts (-€86,605)
- Receivables within one year -€26,047
down €26,047 (-3.6%), from €723,493 to €697,446
- Debts after one year -€93,000
down €93,000 (-19.6%), from €474,499 to €381,499
- Trade debts -€86,605
down €86,605 (-14.6%), from €591,764 to €505,160
- Other debts +€38,742
up €38,742 (+28.7%), from €135,111 to €173,853
- Current portion of long-term debt -€22,703
down €22,703 (-20.1%), from €112,703 to €90,000
- Staff costs -€43,099
down €43,099 (-7.8%), from €554,710 to €511,612
- Depreciation +€15,679
up €15,679 (+18.8%), from €83,240 to €98,918
- Gross operating margin -€9,170
down €9,170 (-1.4%), from €637,518 to €628,348
- Financial charges -€6,772
down €6,772 (-18.4%), from €36,754 to €29,981
- Financial income -€6,756
down €6,756 (-38.6%), from €17,501 to €10,745
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.
Cash bridge derived
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 | €2,142,123 | €1,982,332 | -€159,790 | -7.5% |
| Fixed assets | 21/28 | €616,243 | €521,847 | -€94,396 | -15.3% |
| Intangible fixed assets | 21 | €1,019 | €729 | -€290 | -28.4% |
| Tangible fixed assets | 22/27 | €605,173 | €514,067 | -€91,106 | -15.1% |
| Land and buildings | 22 | €73,695 | €63,235 | -€10,460 | -14.2% |
| Plant, machinery and equipment | 23 | €1,012 | €529 | -€483 | -47.7% |
| Furniture and vehicles | 24 | €49,692 | €35,796 | -€13,896 | -28.0% |
| Other tangible fixed assets | 26 | €480,775 | €414,507 | -€66,268 | -13.8% |
| Financial fixed assets | 28 | €10,050 | €7,050 | -€3,000 | -29.9% |
| Current assets | 29/58 | €1,525,880 | €1,460,485 | -€65,394 | -4.3% |
| Stocks and contracts in progress | 3 | €632,533 | €641,042 | +€8,509 | +1.3% |
| Stocks | 30/36 | €632,533 | €641,042 | +€8,509 | +1.3% |
| Amounts receivable within one year | 40/41 | €723,493 | €697,446 | -€26,047 | -3.6% |
| Trade receivables | 40 | €723,493 | €697,446 | -€26,047 | -3.6% |
| Cash at bank and in hand | 54/58 | €152,573 | €103,923 | -€48,650 | -31.9% |
| Deferred charges and accrued income | 490/1 | €17,281 | €18,074 | +€793 | +4.6% |
| Total equity and liabilities | 10/49 | €2,142,123 | €1,982,332 | -€159,790 | -7.5% |
| Equity | 10/15 | €724,241 | €719,458 | -€4,783 | -0.7% |
| Contributions | 10/11 | €97,250 | €97,250 | = | 0.0% |
| Capital | 10 | €97,250 | €97,250 | = | 0.0% |
| Issued capital | 100 | €97,250 | €97,250 | = | 0.0% |
| Reserves | 13 | €651,993 | €651,993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,750 | €9,750 | = | 0.0% |
| Legal reserve | 130 | €9,750 | €9,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,402 | €3,402 | = | 0.0% |
| Distributable reserves | 133 | €638,841 | €638,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,003 | -€29,786 | -€4,783 | -19.1% |
| Amounts payable | 17/49 | €1,417,882 | €1,262,875 | -€155,007 | -10.9% |
| Amounts payable after more than one year | 17 | €474,499 | €381,499 | -€93,000 | -19.6% |
| Financial debts | 170/4 | €474,499 | €381,499 | -€93,000 | -19.6% |
| Amounts payable within one year | 42/48 | €927,477 | €862,155 | -€65,322 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €112,703 | €90,000 | -€22,703 | -20.1% |
| Trade debts | 44 | €591,764 | €505,160 | -€86,605 | -14.6% |
| Suppliers | 440/4 | €591,764 | €505,160 | -€86,605 | -14.6% |
| Advances received on contracts in progress | 46 | €790 | €355 | -€435 | -55.1% |
| Taxes, remuneration and social security | 45 | €87,109 | €92,788 | +€5,679 | +6.5% |
| Taxes | 450/3 | €22,983 | €42,034 | +€19,051 | +82.9% |
| Remuneration and social security | 454/9 | €64,126 | €50,755 | -€13,372 | -20.9% |
| Other amounts payable | 47/48 | €135,111 | €173,853 | +€38,742 | +28.7% |
| Accrued charges and deferred income | 492/3 | €15,906 | €19,220 | +€3,314 | +20.8% |
| Remuneration, social security and pensions | 62 | €554,710 | €511,612 | -€43,099 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,240 | €98,918 | +€15,679 | +18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,847 | €2,860 | -€1,987 | -41.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €637,518 | €628,348 | -€9,170 | -1.4% |
| Operating profit (loss) | 9901 | -€5,279 | €14,959 | +€20,237 | |
| Financial income | 75/76B | €17,501 | €10,745 | -€6,756 | -38.6% |
| Recurring financial income | 75 | €17,501 | €10,745 | -€6,756 | -38.6% |
| Financial charges | 65/66B | €36,754 | €29,981 | -€6,772 | -18.4% |
| Recurring financial charges | 65 | €36,754 | €29,981 | -€6,772 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,531 | -€4,278 | +€20,253 | +82.6% |
| Income taxes | 67/77 | €472 | €505 | +€34 | +7.2% |
| Profit (loss) for the period | 9904 | -€25,003 | -€4,783 | +€20,220 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,003 | -€4,783 | +€20,220 | +80.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.