M-Electrics: 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-Electrics
Largest movements
- Deferred charges and accrued income -€8,515
no longer reported in 2025 (was €8,515)
- Receivables after one year +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Tangible fixed assets -€3,654
down €3,654 (-18.1%), from €20,163 to €16,509
- Cash +€3,541
up €3,541 (+1854.1%), from €191 to €3,732
mainly Net result for the year (+€15,671) and Deferred charges and accrued income (+€8,515)
- Profit (loss) carried forward +€15,671
up €15,671 (+25.3%), from -€62,029 to -€46,358
- Debts after one year -€14,468
down €14,468 (-13.6%), from €106,206 to €91,738
- Trade debts -€5,628
down €5,628 (-72.3%), from €7,785 to €2,157
- Current portion of long-term debt +€1,398
up €1,398 (+10.7%), from €13,069 to €14,468
- Gross operating margin +€9,463
up €9,463 (+40.6%), from €23,335 to €32,798
- Depreciation -€2,457
down €2,457 (-40.2%), from €6,111 to €3,654
- Other operating charges +€495
up €495 (+48.5%), from €1,021 to €1,516
- Staff costs +€379
new in 2025: €379
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 | €85,491 | €82,465 | -€3,026 | -3.5% |
| Fixed assets | 21/28 | €21,663 | €18,009 | -€3,654 | -16.9% |
| Tangible fixed assets | 22/27 | €20,163 | €16,509 | -€3,654 | -18.1% |
| Plant, machinery and equipment | 23 | €478 | €239 | -€239 | -50.0% |
| Furniture and vehicles | 24 | €3,350 | €1,750 | -€1,600 | -47.8% |
| Other tangible fixed assets | 26 | €16,335 | €14,520 | -€1,815 | -11.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €63,827 | €64,456 | +€629 | +1.0% |
| Amounts receivable after more than one year | 29 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Other amounts receivable | 291 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Stocks and contracts in progress | 3 | €6,816 | €6,816 | = | 0.0% |
| Stocks | 30/36 | €6,816 | €6,816 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,305 | €38,908 | +€602 | +1.6% |
| Trade receivables | 40 | €13,729 | €19,696 | +€5,967 | +43.5% |
| Other amounts receivable | 41 | €24,576 | €19,211 | -€5,365 | -21.8% |
| Cash at bank and in hand | 54/58 | €191 | €3,732 | +€3,541 | +1854.1% |
| Deferred charges and accrued income | 490/1 | €8,515 | - | -€8,515 | |
| Total equity and liabilities | 10/49 | €85,491 | €82,465 | -€3,026 | -3.5% |
| Equity | 10/15 | -€41,569 | -€25,898 | +€15,671 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,029 | -€46,358 | +€15,671 | +25.3% |
| Amounts payable | 17/49 | €127,060 | €108,363 | -€18,697 | -14.7% |
| Amounts payable after more than one year | 17 | €106,206 | €91,738 | -€14,468 | -13.6% |
| Financial debts | 170/4 | €106,206 | €91,738 | -€14,468 | -13.6% |
| Amounts payable within one year | 42/48 | €20,854 | €16,625 | -€4,229 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €13,069 | €14,468 | +€1,398 | +10.7% |
| Trade debts | 44 | €7,785 | €2,157 | -€5,628 | -72.3% |
| Suppliers | 440/4 | €7,785 | €2,157 | -€5,628 | -72.3% |
| Remuneration, social security and pensions | 62 | - | €379 | +€379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,111 | €3,654 | -€2,457 | -40.2% |
| Other operating charges | 640/8 | €1,021 | €1,516 | +€495 | +48.5% |
| Gross operating margin | 9900 | €23,335 | €32,798 | +€9,463 | +40.6% |
| Operating profit (loss) | 9901 | €16,203 | €27,248 | +€11,046 | +68.2% |
| Financial charges | 65/66B | €11,830 | €11,577 | -€253 | -2.1% |
| Recurring financial charges | 65 | €11,830 | €11,577 | -€253 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €4,373 | €15,671 | +€11,298 | +258.4% |
| Profit (loss) for the period | 9904 | €4,373 | €15,671 | +€11,298 | +258.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,373 | €15,671 | +€11,298 | +258.4% |
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.