M.H. ELECTRONICS: 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.H. ELECTRONICS
Largest movements
- Tangible fixed assets -€6,346
down €6,346 (-52.7%), from €12,036 to €5,690
of which Furniture and vehicles: -€4,165
- Cash -€6,265
down €6,265 (-24.5%), from €25,604 to €19,339
mainly Net result for the year (-€11,349) and Receivables within one year (-€5,333)
- Receivables within one year +€5,333
up €5,333 (+43.8%), from €12,175 to €17,508
of which Other amounts receivable: +€4,443
- Stocks and contracts -€2,587
down €2,587 (-22.3%), from €11,625 to €9,038
- Profit (loss) carried forward -€11,349
down €11,349 (-63.9%), from €17,764 to €6,415
- Tax, wage and social debts +€2,873
up €2,873 (+280%), from €1,027 to €3,900
- Trade debts -€1,744
down €1,744 (-29.7%), from €5,872 to €4,128
- Turnover +€15,091
up €15,091 (+11.8%), from €127,471 to €142,562
- Gross operating margin -€9,114
down €9,114, from €4,381 to -€4,733
- Depreciation -€2,080
down €2,080 (-24.7%), from €8,426 to €6,346
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 | €63,134 | €52,913 | -€10,221 | -16.2% |
| Fixed assets | 21/28 | €13,036 | €6,690 | -€6,346 | -48.7% |
| Tangible fixed assets | 22/27 | €12,036 | €5,690 | -€6,346 | -52.7% |
| Plant, machinery and equipment | 23 | €1,530 | €1,074 | -€456 | -29.8% |
| Furniture and vehicles | 24 | €4,743 | €578 | -€4,165 | -87.8% |
| Other tangible fixed assets | 26 | €5,763 | €4,038 | -€1,725 | -29.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €50,098 | €46,223 | -€3,874 | -7.7% |
| Stocks and contracts in progress | 3 | €11,625 | €9,038 | -€2,587 | -22.3% |
| Stocks | 30/36 | €11,625 | €9,038 | -€2,587 | -22.3% |
| Amounts receivable within one year | 40/41 | €12,175 | €17,508 | +€5,333 | +43.8% |
| Trade receivables | 40 | €5,923 | €6,813 | +€890 | +15.0% |
| Other amounts receivable | 41 | €6,252 | €10,695 | +€4,443 | +71.1% |
| Cash at bank and in hand | 54/58 | €25,604 | €19,339 | -€6,265 | -24.5% |
| Deferred charges and accrued income | 490/1 | €693 | €338 | -€355 | -51.2% |
| Total equity and liabilities | 10/49 | €63,134 | €52,913 | -€10,221 | -16.2% |
| Equity | 10/15 | €56,224 | €44,875 | -€11,349 | -20.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,764 | €6,415 | -€11,349 | -63.9% |
| Amounts payable | 17/49 | €6,910 | €8,038 | +€1,128 | +16.3% |
| Amounts payable within one year | 42/48 | €6,899 | €8,028 | +€1,128 | +16.4% |
| Trade debts | 44 | €5,872 | €4,128 | -€1,744 | -29.7% |
| Suppliers | 440/4 | €5,872 | €4,128 | -€1,744 | -29.7% |
| Taxes, remuneration and social security | 45 | €1,027 | €3,900 | +€2,873 | +280% |
| Taxes | 450/3 | €1,027 | €3,900 | +€2,873 | +280% |
| Accrued charges and deferred income | 492/3 | €11 | €11 | = | 0.0% |
| Turnover | 70 | €127,471 | €142,562 | +€15,091 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,426 | €6,346 | -€2,080 | -24.7% |
| Other operating charges | 640/8 | €375 | €128 | -€248 | -66.0% |
| Gross operating margin | 9900 | €4,381 | -€4,733 | -€9,114 | |
| Operating profit (loss) | 9901 | -€4,421 | -€11,207 | -€6,786 | -154% |
| Financial income | 75/76B | €1,271 | €299 | -€972 | -76.5% |
| Recurring financial income | 75 | €1,271 | €299 | -€972 | -76.5% |
| Financial charges | 65/66B | €427 | €442 | +€15 | +3.4% |
| Recurring financial charges | 65 | €427 | €442 | +€15 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,576 | -€11,349 | -€7,773 | -217% |
| Income taxes | 67/77 | €248 | - | -€248 | |
| Profit (loss) for the period | 9904 | -€3,824 | -€11,349 | -€7,525 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,824 | -€11,349 | -€7,525 | -197% |
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 14 October 2026 via checked.be.