M & E ENGINERING: 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.
M & E ENGINERING
Largest movements
- Cash +€49,478
up €49,478 (+318.6%), from €15,529 to €65,008
mainly Other debts (+€186,550) and Net result for the year (+€33,336)
- Tangible fixed assets -€11,483
down €11,483 (-29.1%), from €39,414 to €27,932
of which Furniture and vehicles: -€10,842
- Receivables after one year -€9,000
down €9,000 (-3.4%), from €261,750 to €252,750
- Other debts +€186,550
up €186,550 (+823.1%), from €22,665 to €209,215
- Reserves -€175,879
down €175,879 (-58.9%), from €298,539 to €122,660
- Tax, wage and social debts +€8,915
up €8,915 (+66.9%), from €13,323 to €22,239
- Trade debts +€6,163
up €6,163 (+244.0%), from €2,526 to €8,689
- Gross operating margin -€10,571
down €10,571 (-15.2%), from €69,490 to €58,919
- Depreciation +€10,438
up €10,438 (+405.4%), from €2,574 to €13,012
- Taxes -€5,774
down €5,774 (-25.2%), from €22,927 to €17,153
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 | €341,152 | €366,902 | +€25,750 | +7.5% |
| Fixed assets | 21/28 | €39,414 | €27,932 | -€11,483 | -29.1% |
| Tangible fixed assets | 22/27 | €39,414 | €27,932 | -€11,483 | -29.1% |
| Land and buildings | 22 | €4,227 | €2,694 | -€1,533 | -36.3% |
| Plant, machinery and equipment | 23 | €3,144 | €4,036 | +€892 | +28.4% |
| Furniture and vehicles | 24 | €32,044 | €21,202 | -€10,842 | -33.8% |
| Current assets | 29/58 | €301,738 | €338,971 | +€37,233 | +12.3% |
| Amounts receivable after more than one year | 29 | €261,750 | €252,750 | -€9,000 | -3.4% |
| Other amounts receivable | 291 | €261,750 | €252,750 | -€9,000 | -3.4% |
| Amounts receivable within one year | 40/41 | €24,458 | €21,213 | -€3,245 | -13.3% |
| Trade receivables | 40 | €24,458 | €12,184 | -€12,274 | -50.2% |
| Other amounts receivable | 41 | €0 | €9,029 | +€9,029 | |
| Cash at bank and in hand | 54/58 | €15,529 | €65,008 | +€49,478 | +318.6% |
| Total equity and liabilities | 10/49 | €341,152 | €366,902 | +€25,750 | +7.5% |
| Equity | 10/15 | €298,639 | €122,760 | -€175,879 | -58.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €298,539 | €122,660 | -€175,879 | -58.9% |
| Distributable reserves | 133 | €298,539 | €122,660 | -€175,879 | -58.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,513 | €244,143 | +€201,629 | +474.3% |
| Amounts payable within one year | 42/48 | €42,513 | €244,143 | +€201,629 | +474.3% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €2,526 | €8,689 | +€6,163 | +244.0% |
| Suppliers | 440/4 | €2,526 | €8,689 | +€6,163 | +244.0% |
| Taxes, remuneration and social security | 45 | €13,323 | €22,239 | +€8,915 | +66.9% |
| Taxes | 450/3 | €13,323 | €22,239 | +€8,915 | +66.9% |
| Other amounts payable | 47/48 | €22,665 | €209,215 | +€186,550 | +823.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,574 | €13,012 | +€10,438 | +405.4% |
| Other operating charges | 640/8 | €304 | €700 | +€396 | +130.5% |
| Non-recurring operating charges | 66A | €788 | €0 | -€788 | -100.0% |
| Gross operating margin | 9900 | €69,490 | €58,919 | -€10,571 | -15.2% |
| Operating profit (loss) | 9901 | €65,825 | €45,208 | -€20,617 | -31.3% |
| Financial income | 75/76B | €5,885 | €5,904 | +€19 | +0.3% |
| Recurring financial income | 75 | €5,885 | €5,904 | +€19 | +0.3% |
| Financial charges | 65/66B | €645 | €623 | -€23 | -3.5% |
| Recurring financial charges | 65 | €645 | €623 | -€23 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €71,064 | €50,489 | -€20,575 | -29.0% |
| Income taxes | 67/77 | €22,927 | €17,153 | -€5,774 | -25.2% |
| Profit (loss) for the period | 9904 | €48,137 | €33,336 | -€14,801 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,137 | €33,336 | -€14,801 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.