M Automotive Engineering: 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.
M Automotive Engineering
Largest movements
- Tangible fixed assets +€32,501
up €32,501 (+2.7%), from €1.2m to €1.2m
of which Other tangible fixed assets: +€21,201
- Other debts -€33,832
down €33,832 (-13.0%), from €261,109 to €227,278
- Debts after one year +€26,709
up €26,709 (+2.9%), from €906,742 to €933,451
- Tax, wage and social debts +€18,797
up €18,797 (+116%), from €16,240 to €35,038
of which Taxes: +€16,741
- Trade debts +€14,882
up €14,882 (+117%), from €12,757 to €27,640
- Gross operating margin +€40,461
up €40,461 (+18.2%), from €222,831 to €263,293
- Depreciation +€28,975
up €28,975 (+63.0%), from €46,007 to €74,983
- Staff costs +€19,075
up €19,075 (+18.0%), from €105,982 to €125,057
- Financial charges +€17,394
up €17,394 (+55.1%), from €31,551 to €48,946
- Other operating charges +€4,798
up €4,798 (+400%), from €1,198 to €5,997
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 | €1,354,325 | €1,383,288 | +€28,962 | +2.1% |
| Fixed assets | 21/28 | €1,198,478 | €1,229,979 | +€31,501 | +2.6% |
| Tangible fixed assets | 22/27 | €1,197,328 | €1,229,829 | +€32,501 | +2.7% |
| Land and buildings | 22 | €975,596 | €990,407 | +€14,811 | +1.5% |
| Plant, machinery and equipment | 23 | €30,147 | €25,620 | -€4,527 | -15.0% |
| Furniture and vehicles | 24 | €9,910 | €10,926 | +€1,016 | +10.3% |
| Other tangible fixed assets | 26 | €181,674 | €202,875 | +€21,201 | +11.7% |
| Financial fixed assets | 28 | €1,150 | €150 | -€1,000 | -87.0% |
| Current assets | 29/58 | €155,848 | €153,309 | -€2,539 | -1.6% |
| Stocks and contracts in progress | 3 | €79,665 | €67,572 | -€12,093 | -15.2% |
| Stocks | 30/36 | €79,665 | €67,572 | -€12,093 | -15.2% |
| Amounts receivable within one year | 40/41 | €54,621 | €61,619 | +€6,998 | +12.8% |
| Trade receivables | 40 | €53,441 | €60,249 | +€6,808 | +12.7% |
| Other amounts receivable | 41 | €1,180 | €1,370 | +€190 | +16.1% |
| Cash at bank and in hand | 54/58 | €18,266 | €21,597 | +€3,331 | +18.2% |
| Deferred charges and accrued income | 490/1 | €3,295 | €2,521 | -€774 | -23.5% |
| Total equity and liabilities | 10/49 | €1,354,325 | €1,383,288 | +€28,962 | +2.1% |
| Equity | 10/15 | €119,519 | €126,855 | +€7,336 | +6.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €84,519 | €91,855 | +€7,336 | +8.7% |
| Distributable reserves | 133 | €84,519 | €91,855 | +€7,336 | +8.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,234,806 | €1,256,433 | +€21,627 | +1.8% |
| Amounts payable after more than one year | 17 | €906,742 | €933,451 | +€26,709 | +2.9% |
| Financial debts | 170/4 | €906,742 | €933,451 | +€26,709 | +2.9% |
| Amounts payable within one year | 42/48 | €328,064 | €322,982 | -€5,082 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €37,957 | €33,027 | -€4,930 | -13.0% |
| Trade debts | 44 | €12,757 | €27,640 | +€14,882 | +117% |
| Suppliers | 440/4 | €12,757 | €27,640 | +€14,882 | +117% |
| Taxes, remuneration and social security | 45 | €16,240 | €35,038 | +€18,797 | +116% |
| Taxes | 450/3 | €9,881 | €26,622 | +€16,741 | +169% |
| Remuneration and social security | 454/9 | €6,359 | €8,416 | +€2,056 | +32.3% |
| Other amounts payable | 47/48 | €261,109 | €227,278 | -€33,832 | -13.0% |
| Remuneration, social security and pensions | 62 | €105,982 | €125,057 | +€19,075 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,007 | €74,983 | +€28,975 | +63.0% |
| Other operating charges | 640/8 | €1,198 | €5,997 | +€4,798 | +400% |
| Gross operating margin | 9900 | €222,831 | €263,293 | +€40,461 | +18.2% |
| Operating profit (loss) | 9901 | €69,643 | €57,256 | -€12,387 | -17.8% |
| Financial income | 75/76B | €79 | €251 | +€172 | +217% |
| Recurring financial income | 75 | €79 | €251 | +€172 | +217% |
| Financial charges | 65/66B | €31,551 | €48,946 | +€17,394 | +55.1% |
| Recurring financial charges | 65 | €31,551 | €48,946 | +€17,394 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €38,171 | €8,561 | -€29,610 | -77.6% |
| Income taxes | 67/77 | €1,521 | €1,225 | -€296 | -19.4% |
| Profit (loss) for the period | 9904 | €36,650 | €7,336 | -€29,314 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,650 | €7,336 | -€29,314 | -80.0% |
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.