ELECTRO MEYEN: 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 MEYEN
Largest movements
- Cash -€68,593
down €68,593 (-40.1%), from €170,854 to €102,261
mainly Trade debts (-€27,031) and Debts after one year (-€23,372)
- Tangible fixed assets -€18,964
down €18,964 (-5.0%), from €377,249 to €358,285
of which Land and buildings: -€20,937
- Stocks and contracts +€18,366
up €18,366 (+5.2%), from €351,870 to €370,236
of which Contracts in progress: +€55,773
- Trade debts -€27,031
down €27,031 (-28.7%), from €94,132 to €67,101
- Debts after one year -€23,372
down €23,372 (-6.6%), from €356,749 to €333,377
of which Financial debts: -€23,372
- Tax, wage and social debts -€11,031
down €11,031 (-35.5%), from €31,114 to €20,083
of which Remuneration and social security: -€12,009
- Gross operating margin -€67,737
down €67,737 (-23.1%), from €293,025 to €225,288
- Taxes -€10,087
down €10,087 (-74.0%), from €13,635 to €3,548
- Other operating charges -€7,701
down €7,701 (-41.5%), from €18,548 to €10,847
- Staff costs -€7,358
down €7,358 (-3.9%), from €189,550 to €182,192
- Financial charges -€4,983
down €4,983 (-32.8%), from €15,174 to €10,190
of which Non-recurring financial charges: -€5,635
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 | €1,032,612 | €976,620 | -€55,992 | -5.4% |
| Fixed assets | 21/28 | €377,249 | €358,285 | -€18,964 | -5.0% |
| Tangible fixed assets | 22/27 | €377,249 | €358,285 | -€18,964 | -5.0% |
| Land and buildings | 22 | €347,382 | €326,445 | -€20,937 | -6.0% |
| Plant, machinery and equipment | 23 | €15,749 | €22,248 | +€6,499 | +41.3% |
| Furniture and vehicles | 24 | €14,118 | €9,591 | -€4,526 | -32.1% |
| Current assets | 29/58 | €655,363 | €618,335 | -€37,028 | -5.6% |
| Stocks and contracts in progress | 3 | €351,870 | €370,236 | +€18,366 | +5.2% |
| Stocks | 30/36 | €351,870 | €314,463 | -€37,407 | -10.6% |
| Contracts in progress | 37 | - | €55,773 | +€55,773 | |
| Amounts receivable within one year | 40/41 | €128,329 | €136,735 | +€8,406 | +6.6% |
| Trade receivables | 40 | €102,507 | €105,429 | +€2,922 | +2.9% |
| Other amounts receivable | 41 | €25,822 | €31,306 | +€5,484 | +21.2% |
| Cash at bank and in hand | 54/58 | €170,854 | €102,261 | -€68,593 | -40.1% |
| Deferred charges and accrued income | 490/1 | €4,310 | €9,103 | +€4,793 | +111% |
| Total equity and liabilities | 10/49 | €1,032,612 | €976,620 | -€55,992 | -5.4% |
| Equity | 10/15 | €498,076 | €501,951 | +€3,876 | +0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,047 | €3,047 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,188 | €1,188 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €476,437 | €480,312 | +€3,876 | +0.8% |
| Amounts payable | 17/49 | €534,536 | €474,668 | -€59,868 | -11.2% |
| Amounts payable after more than one year | 17 | €356,749 | €333,377 | -€23,372 | -6.6% |
| Financial debts | 170/4 | €270,641 | €247,269 | -€23,372 | -8.6% |
| Other amounts payable | 178/9 | €86,108 | €86,108 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,785 | €140,980 | -€36,805 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €22,820 | €23,372 | +€551 | +2.4% |
| Trade debts | 44 | €94,132 | €67,101 | -€27,031 | -28.7% |
| Suppliers | 440/4 | €94,132 | €67,101 | -€27,031 | -28.7% |
| Taxes, remuneration and social security | 45 | €31,114 | €20,083 | -€11,031 | -35.5% |
| Taxes | 450/3 | - | €978 | +€978 | |
| Remuneration and social security | 454/9 | €31,114 | €19,105 | -€12,009 | -38.6% |
| Other amounts payable | 47/48 | €29,719 | €30,425 | +€706 | +2.4% |
| Accrued charges and deferred income | 492/3 | €3 | €312 | +€309 | +11,029% |
| Remuneration, social security and pensions | 62 | €189,550 | €182,192 | -€7,358 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,711 | €32,870 | +€159 | +0.5% |
| Other operating charges | 640/8 | €18,548 | €10,847 | -€7,701 | -41.5% |
| Gross operating margin | 9900 | €293,025 | €225,288 | -€67,737 | -23.1% |
| Operating profit (loss) | 9901 | €52,217 | -€620 | -€52,837 | |
| Financial income | 75/76B | €14,698 | €18,234 | +€3,536 | +24.1% |
| Recurring financial income | 75 | €14,698 | €12,628 | -€2,071 | -14.1% |
| Non-recurring financial income | 76B | - | €5,607 | +€5,607 | |
| Financial charges | 65/66B | €15,174 | €10,190 | -€4,983 | -32.8% |
| Recurring financial charges | 65 | €9,538 | €10,190 | +€652 | +6.8% |
| Non-recurring financial charges | 66B | €5,635 | - | -€5,635 | |
| Profit (loss) for the period before taxes | 9903 | €51,742 | €7,424 | -€44,318 | -85.7% |
| Income taxes | 67/77 | €13,635 | €3,548 | -€10,087 | -74.0% |
| Profit (loss) for the period | 9904 | €38,107 | €3,876 | -€34,231 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,107 | €3,876 | -€34,231 | -89.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.