MC-Elec: 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.
MC-Elec
Largest movements
- Receivables within one year -€112,353
down €112,353 (-57.7%), from €194,735 to €82,382
of which Trade receivables: -€111,762
- Tangible fixed assets -€14,683
down €14,683 (-3.5%), from €418,001 to €403,318
of which Land and buildings: -€19,443
- Cash +€13,716
up €13,716 (+1238.8%), from €1,107 to €14,823
mainly Receivables within one year (+€112,353) and Depreciation (+€46,846)
- Debts after one year -€42,919
down €42,919 (-23.0%), from €186,272 to €143,353
- Trade debts -€37,378
down €37,378 (-56.9%), from €65,741 to €28,363
- Tax, wage and social debts -€26,025
down €26,025 (-25.8%), from €101,041 to €75,016
of which Remuneration and social security: -€30,933
- Short-term financial debts -€25,133
down €25,133 (-33.5%), from €75,133 to €50,000
- Profit (loss) carried forward +€21,070
up €21,070 (+26.9%), from €78,255 to €99,325
- Gross operating margin -€15,166
down €15,166 (-2.6%), from €578,315 to €563,148
- Write-downs -€14,941
no longer reported in 2025 (was €14,941)
- Financial charges -€14,834
down €14,834 (-48.6%), from €30,542 to €15,709
- Staff costs -€8,052
down €8,052 (-1.7%), from €475,297 to €467,245
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 | €642,135 | €522,696 | -€119,440 | -18.6% |
| Fixed assets | 21/28 | €430,093 | €415,318 | -€14,775 | -3.4% |
| Intangible fixed assets | 21 | €91 | - | -€91 | |
| Tangible fixed assets | 22/27 | €418,001 | €403,318 | -€14,683 | -3.5% |
| Land and buildings | 22 | €382,440 | €362,997 | -€19,443 | -5.1% |
| Plant, machinery and equipment | 23 | €21,559 | €33,912 | +€12,353 | +57.3% |
| Furniture and vehicles | 24 | €14,002 | €6,408 | -€7,594 | -54.2% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €212,043 | €107,378 | -€104,665 | -49.4% |
| Amounts receivable within one year | 40/41 | €194,735 | €82,382 | -€112,353 | -57.7% |
| Trade receivables | 40 | €186,131 | €74,369 | -€111,762 | -60.0% |
| Other amounts receivable | 41 | €8,604 | €8,013 | -€591 | -6.9% |
| Cash at bank and in hand | 54/58 | €1,107 | €14,823 | +€13,716 | +1238.8% |
| Deferred charges and accrued income | 490/1 | €16,201 | €10,173 | -€6,028 | -37.2% |
| Total equity and liabilities | 10/49 | €642,135 | €522,696 | -€119,440 | -18.6% |
| Equity | 10/15 | €132,492 | €153,256 | +€20,765 | +15.7% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Reserves | 13 | €29,104 | €29,104 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,054 | €27,054 | = | 0.0% |
| Distributable reserves | 133 | €2,050 | €2,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,255 | €99,325 | +€21,070 | +26.9% |
| Investment grants | 15 | €4,633 | €4,328 | -€305 | -6.6% |
| Amounts payable | 17/49 | €509,644 | €369,439 | -€140,205 | -27.5% |
| Amounts payable after more than one year | 17 | €186,272 | €143,353 | -€42,919 | -23.0% |
| Financial debts | 170/4 | €186,272 | €143,353 | -€42,919 | -23.0% |
| Amounts payable within one year | 42/48 | €318,888 | €217,728 | -€101,160 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €68,714 | €58,065 | -€10,649 | -15.5% |
| Financial debts | 43 | €75,133 | €50,000 | -€25,133 | -33.5% |
| Credit institutions | 430/8 | €75,133 | €50,000 | -€25,133 | -33.5% |
| Trade debts | 44 | €65,741 | €28,363 | -€37,378 | -56.9% |
| Suppliers | 440/4 | €65,741 | €28,363 | -€37,378 | -56.9% |
| Taxes, remuneration and social security | 45 | €101,041 | €75,016 | -€26,025 | -25.8% |
| Taxes | 450/3 | €9,802 | €14,710 | +€4,908 | +50.1% |
| Remuneration and social security | 454/9 | €91,240 | €60,306 | -€30,933 | -33.9% |
| Other amounts payable | 47/48 | €8,259 | €6,285 | -€1,974 | -23.9% |
| Accrued charges and deferred income | 492/3 | €4,483 | €8,358 | +€3,874 | +86.4% |
| Non-recurring operating income | 76A | €47 | - | -€47 | |
| Remuneration, social security and pensions | 62 | €475,297 | €467,245 | -€8,052 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,839 | €46,846 | +€7 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,941 | - | -€14,941 | |
| Other operating charges | 640/8 | €5,835 | €3,628 | -€2,207 | -37.8% |
| Gross operating margin | 9900 | €578,315 | €563,148 | -€15,166 | -2.6% |
| Operating profit (loss) | 9901 | €35,402 | €45,429 | +€10,027 | +28.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €30,542 | €15,709 | -€14,834 | -48.6% |
| Recurring financial charges | 65 | €30,542 | €15,709 | -€14,834 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €4,860 | €29,723 | +€24,863 | +511.6% |
| Income taxes | 67/77 | €3,711 | €8,653 | +€4,942 | +133.2% |
| Profit (loss) for the period | 9904 | €1,149 | €21,070 | +€19,921 | +1734.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,149 | €21,070 | +€19,921 | +1734.5% |
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 8 October 2026 via checked.be.