M.C ELECTRICITE: 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.C ELECTRICITE
Largest movements
- Receivables within one year +€32,092
up €32,092 (+333%), from €9,642 to €41,734
of which Trade receivables: +€29,441
- Stocks and contracts -€16,879
no longer reported in 2025 (was €16,879)
- Cash -€9,360
down €9,360 (-68.7%), from €13,625 to €4,265
mainly Receivables within one year (-€32,092) and Trade debts (-€14,062)
- Tangible fixed assets -€4,680
down €4,680 (-30.8%), from €15,194 to €10,514
- Profit (loss) carried forward +€14,580
up €14,580 (+158%), from €9,221 to €23,801
- Trade debts -€14,062
down €14,062 (-92.9%), from €15,143 to €1,081
- Tax, wage and social debts +€6,098
up €6,098 (+51.6%), from €11,829 to €17,927
- Debts after one year -€4,907
down €4,907 (-41.5%), from €11,821 to €6,914
- Other debts -€658
no longer reported in 2025 (was €658)
- Gross operating margin +€16,184
up €16,184 (+133%), from €12,140 to €28,324
- Taxes +€4,037
up €4,037 (+985%), from €410 to €4,447
- Financial charges -€1,342
down €1,342 (-42.3%), from €3,173 to €1,831
- Depreciation +€1,333
up €1,333 (+36.7%), from €3,631 to €4,964
- Other operating charges -€1,272
down €1,272 (-33.4%), from €3,814 to €2,542
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 | €55,742 | €56,631 | +€889 | +1.6% |
| Formation expenses | 20 | €402 | €118 | -€284 | -70.6% |
| Fixed assets | 21/28 | €15,194 | €10,514 | -€4,680 | -30.8% |
| Tangible fixed assets | 22/27 | €15,194 | €10,514 | -€4,680 | -30.8% |
| Furniture and vehicles | 24 | €15,194 | €10,514 | -€4,680 | -30.8% |
| Current assets | 29/58 | €40,146 | €45,999 | +€5,853 | +14.6% |
| Stocks and contracts in progress | 3 | €16,879 | - | -€16,879 | |
| Stocks | 30/36 | €16,879 | - | -€16,879 | |
| Amounts receivable within one year | 40/41 | €9,642 | €41,734 | +€32,092 | +333% |
| Trade receivables | 40 | €8,518 | €37,959 | +€29,441 | +346% |
| Other amounts receivable | 41 | €1,124 | €3,775 | +€2,651 | +236% |
| Cash at bank and in hand | 54/58 | €13,625 | €4,265 | -€9,360 | -68.7% |
| Total equity and liabilities | 10/49 | €55,742 | €56,631 | +€889 | +1.6% |
| Equity | 10/15 | €11,221 | €25,801 | +€14,580 | +130% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,221 | €23,801 | +€14,580 | +158% |
| Amounts payable | 17/49 | €44,521 | €30,830 | -€13,691 | -30.8% |
| Amounts payable after more than one year | 17 | €11,821 | €6,914 | -€4,907 | -41.5% |
| Financial debts | 170/4 | €11,821 | €6,914 | -€4,907 | -41.5% |
| Amounts payable within one year | 42/48 | €32,700 | €23,916 | -€8,784 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €5,070 | €4,908 | -€162 | -3.2% |
| Trade debts | 44 | €15,143 | €1,081 | -€14,062 | -92.9% |
| Suppliers | 440/4 | €15,143 | €1,081 | -€14,062 | -92.9% |
| Taxes, remuneration and social security | 45 | €11,829 | €17,927 | +€6,098 | +51.6% |
| Taxes | 450/3 | €11,829 | €17,927 | +€6,098 | +51.6% |
| Other amounts payable | 47/48 | €658 | - | -€658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,631 | €4,964 | +€1,333 | +36.7% |
| Other operating charges | 640/8 | €3,814 | €2,542 | -€1,272 | -33.4% |
| Non-recurring operating charges | 66A | €882 | - | -€882 | |
| Gross operating margin | 9900 | €12,140 | €28,324 | +€16,184 | +133% |
| Operating profit (loss) | 9901 | €3,813 | €20,818 | +€17,005 | +446% |
| Financial income | 75/76B | €7 | €40 | +€33 | +471% |
| Recurring financial income | 75 | €7 | €40 | +€33 | +471% |
| Financial charges | 65/66B | €3,173 | €1,831 | -€1,342 | -42.3% |
| Recurring financial charges | 65 | €3,173 | €1,831 | -€1,342 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €647 | €19,027 | +€18,380 | +2,841% |
| Income taxes | 67/77 | €410 | €4,447 | +€4,037 | +985% |
| Profit (loss) for the period | 9904 | €237 | €14,580 | +€14,343 | +6,052% |
| Profit (loss) for the period to be appropriated | 9905 | €237 | €14,580 | +€14,343 | +6,052% |
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.