M & L 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 & L ENGINEERING
Largest movements
- Current investments +€315,001
up €315,001 (+42,792%), from €736 to €315,737
- Tangible fixed assets -€205,779
down €205,779 (-72.0%), from €285,730 to €79,952
of which Land and buildings: -€122,484
- Cash -€52,054
down €52,054 (-37.1%), from €140,145 to €88,092
mainly Current investments (-€315,001) and Other debts (-€124,498)
- Reserves +€212,770
up €212,770 (+201%), from €106,062 to €318,832
- Other debts -€124,498
down €124,498 (-69.4%), from €179,453 to €54,955
- Debts after one year -€51,859
down €51,859 (-68.5%), from €75,728 to €23,869
- Tax, wage and social debts +€28,265
up €28,265 (+48.8%), from €57,930 to €86,195
of which Taxes: +€25,026
- Trade debts +€9,746
up €9,746 (+151%), from €6,476 to €16,221
- Gross operating margin +€261,279
up €261,279 (+54.1%), from €483,400 to €744,680
- Taxes +€100,962
up €100,962 (+541%), from €18,649 to €119,611
- Depreciation -€36,836
down €36,836 (-40.9%), from €90,119 to €53,283
- Other operating charges +€9,696
up €9,696 (+70.7%), from €13,706 to €23,402
- Staff costs -€7,958
down €7,958 (-2.7%), from €298,237 to €290,279
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 | €537,087 | €597,286 | +€60,199 | +11.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €285,730 | €79,952 | -€205,779 | -72.0% |
| Tangible fixed assets | 22/27 | €285,730 | €79,952 | -€205,779 | -72.0% |
| Land and buildings | 22 | €122,484 | - | -€122,484 | |
| Plant, machinery and equipment | 23 | €18,128 | €921 | -€17,207 | -94.9% |
| Furniture and vehicles | 24 | €115,832 | €79,031 | -€36,801 | -31.8% |
| Other tangible fixed assets | 26 | €29,286 | - | -€29,286 | |
| Current assets | 29/58 | €251,357 | €517,334 | +€265,977 | +106% |
| Stocks and contracts in progress | 3 | €72,143 | €77,579 | +€5,436 | +7.5% |
| Stocks | 30/36 | €72,143 | €77,579 | +€5,436 | +7.5% |
| Amounts receivable within one year | 40/41 | €38,332 | €35,926 | -€2,406 | -6.3% |
| Trade receivables | 40 | €36,841 | €30,074 | -€6,767 | -18.4% |
| Other amounts receivable | 41 | €1,491 | €5,852 | +€4,361 | +292% |
| Current investments | 50/53 | €736 | €315,737 | +€315,001 | +42,792% |
| Cash at bank and in hand | 54/58 | €140,145 | €88,092 | -€52,054 | -37.1% |
| Total equity and liabilities | 10/49 | €537,087 | €597,286 | +€60,199 | +11.2% |
| Equity | 10/15 | €112,277 | €318,832 | +€206,555 | +184% |
| Reserves | 13 | €106,062 | €318,832 | +€212,770 | +201% |
| Distributable reserves | 133 | €106,062 | €318,832 | +€212,770 | +201% |
| Investment grants | 15 | €6,215 | - | -€6,215 | |
| Provisions and deferred taxes | 16 | €21,571 | €16,410 | -€5,161 | -23.9% |
| Provisions for liabilities and charges | 160/5 | €20,017 | €16,410 | -€3,607 | -18.0% |
| Other liabilities and charges | 164/5 | €20,017 | €16,410 | -€3,607 | -18.0% |
| Deferred taxes | 168 | €1,554 | - | -€1,554 | |
| Amounts payable | 17/49 | €403,240 | €262,045 | -€141,195 | -35.0% |
| Amounts payable after more than one year | 17 | €75,728 | €23,869 | -€51,859 | -68.5% |
| Financial debts | 170/4 | €75,728 | €23,869 | -€51,859 | -68.5% |
| Amounts payable within one year | 42/48 | €327,512 | €237,364 | -€90,148 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €54,719 | €51,859 | -€2,860 | -5.2% |
| Trade debts | 44 | €6,476 | €16,221 | +€9,746 | +151% |
| Suppliers | 440/4 | €6,476 | €16,221 | +€9,746 | +151% |
| Advances received on contracts in progress | 46 | €28,934 | €28,132 | -€801 | -2.8% |
| Taxes, remuneration and social security | 45 | €57,930 | €86,195 | +€28,265 | +48.8% |
| Taxes | 450/3 | €12,569 | €37,595 | +€25,026 | +199% |
| Remuneration and social security | 454/9 | €45,362 | €48,600 | +€3,239 | +7.1% |
| Other amounts payable | 47/48 | €179,453 | €54,955 | -€124,498 | -69.4% |
| Accrued charges and deferred income | 492/3 | - | €812 | +€812 | |
| Non-recurring operating income | 76A | - | €474,806 | +€474,806 | |
| Remuneration, social security and pensions | 62 | €298,237 | €290,279 | -€7,958 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,119 | €53,283 | -€36,836 | -40.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,767 | -€3,607 | -€840 | -30.4% |
| Other operating charges | 640/8 | €13,706 | €23,402 | +€9,696 | +70.7% |
| Gross operating margin | 9900 | €483,400 | €744,680 | +€261,279 | +54.1% |
| Operating profit (loss) | 9901 | €84,106 | €381,323 | +€297,217 | +353% |
| Financial income | 75/76B | €5,897 | €8,355 | +€2,458 | +41.7% |
| Recurring financial income | 75 | €5,897 | €8,355 | +€2,458 | +41.7% |
| Financial charges | 65/66B | €14,591 | €8,851 | -€5,740 | -39.3% |
| Recurring financial charges | 65 | €14,591 | €8,851 | -€5,740 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €75,412 | €380,827 | +€305,415 | +405% |
| Transfer from deferred taxes | 780 | €435 | €1,554 | +€1,118 | +257% |
| Income taxes | 67/77 | €18,649 | €119,611 | +€100,962 | +541% |
| Profit (loss) for the period | 9904 | €57,198 | €262,770 | +€205,571 | +359% |
| Profit (loss) for the period to be appropriated | 9905 | €57,198 | €262,770 | +€205,571 | +359% |
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 26 October 2026 via checked.be.