M.L. ENGINEERING: 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.L. ENGINEERING
Largest movements
- Cash -€26,045
down €26,045 (-14.5%), from €180,100 to €154,055
mainly Net result for the year (-€28,601) and Debts after one year (-€14,036)
- Receivables within one year -€11,676
down €11,676 (-81.7%), from €14,286 to €2,611
of which Trade receivables: -€12,876
- Tangible fixed assets -€8,562
down €8,562 (-2.7%), from €317,896 to €309,334
of which Land and buildings: -€10,679
- Profit (loss) carried forward -€28,601
down €28,601 (-25.7%), from €111,257 to €82,657
- Debts after one year -€14,036
down €14,036 (-31.5%), from €44,578 to €30,542
- Gross operating margin -€78,538
down €78,538, from €75,706 to -€2,832
- Taxes -€17,106
down €17,106 (-99.1%), from €17,261 to €156
- Depreciation +€5,985
up €5,985 (+36.2%), from €16,526 to €22,512
- Other operating charges -€1,968
down €1,968 (-43.6%), from €4,518 to €2,550
- Financial charges -€1,805
down €1,805 (-49.8%), from €3,625 to €1,821
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 | €512,282 | €467,998 | -€44,285 | -8.6% |
| Fixed assets | 21/28 | €317,896 | €309,334 | -€8,562 | -2.7% |
| Tangible fixed assets | 22/27 | €317,896 | €309,334 | -€8,562 | -2.7% |
| Land and buildings | 22 | €317,896 | €307,217 | -€10,679 | -3.4% |
| Furniture and vehicles | 24 | €0 | €2,117 | +€2,117 | |
| Current assets | 29/58 | €194,386 | €158,663 | -€35,723 | -18.4% |
| Amounts receivable within one year | 40/41 | €14,286 | €2,611 | -€11,676 | -81.7% |
| Trade receivables | 40 | €14,286 | €1,411 | -€12,876 | -90.1% |
| Other amounts receivable | 41 | €0 | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €180,100 | €154,055 | -€26,045 | -14.5% |
| Deferred charges and accrued income | 490/1 | - | €1,997 | +€1,997 | |
| Total equity and liabilities | 10/49 | €512,282 | €467,998 | -€44,285 | -8.6% |
| Equity | 10/15 | €440,171 | €411,571 | -€28,601 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €310,314 | €310,314 | = | 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% |
| Distributable reserves | 133 | €308,454 | €308,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,257 | €82,657 | -€28,601 | -25.7% |
| Amounts payable | 17/49 | €72,111 | €56,427 | -€15,684 | -21.7% |
| Amounts payable after more than one year | 17 | €44,578 | €30,542 | -€14,036 | -31.5% |
| Financial debts | 170/4 | €44,578 | €30,542 | -€14,036 | -31.5% |
| Amounts payable within one year | 42/48 | €27,533 | €25,885 | -€1,648 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €13,735 | €14,073 | +€337 | +2.5% |
| Trade debts | 44 | €0 | €2,956 | +€2,956 | |
| Suppliers | 440/4 | €0 | €2,956 | +€2,956 | |
| Taxes, remuneration and social security | 45 | €10,072 | €7,065 | -€3,007 | -29.9% |
| Taxes | 450/3 | €10,072 | €7,065 | -€3,007 | -29.9% |
| Other amounts payable | 47/48 | €3,726 | €1,792 | -€1,934 | -51.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €571 | €0 | -€571 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,526 | €22,512 | +€5,985 | +36.2% |
| Other operating charges | 640/8 | €4,518 | €2,550 | -€1,968 | -43.6% |
| Gross operating margin | 9900 | €75,706 | -€2,832 | -€78,538 | |
| Operating profit (loss) | 9901 | €54,091 | -€27,893 | -€81,984 | |
| Financial income | 75/76B | €655 | €1,269 | +€614 | +93.8% |
| Recurring financial income | 75 | €655 | €1,269 | +€614 | +93.8% |
| Financial charges | 65/66B | €3,625 | €1,821 | -€1,805 | -49.8% |
| Recurring financial charges | 65 | €3,625 | €1,821 | -€1,805 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €51,120 | -€28,445 | -€79,565 | |
| Income taxes | 67/77 | €17,261 | €156 | -€17,106 | -99.1% |
| Profit (loss) for the period | 9904 | €33,859 | -€28,601 | -€62,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,859 | -€28,601 | -€62,459 |
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 3 October 2026 via checked.be.