MEGANCK 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.
MEGANCK ELECTRONICS
Largest movements
- Receivables within one year -€11,614
down €11,614 (-42.9%), from €27,094 to €15,480
of which Trade receivables: -€10,887
- Cash +€7,271
up €7,271 (+12.0%), from €60,436 to €67,708
mainly Depreciation (+€30,860) and Receivables within one year (+€11,614)
- Tangible fixed assets -€3,908
down €3,908 (-4.3%), from €91,836 to €87,927
of which Land and buildings: -€9,266
- Stocks and contracts -€3,714
down €3,714 (-3.2%), from €114,356 to €110,643
- Other debts -€14,927
down €14,927 (-9.8%), from €152,841 to €137,914
- Reserves +€7,067
up €7,067 (+13.4%), from €52,810 to €59,877
- Tax, wage and social debts -€4,720
down €4,720 (-87.0%), from €5,426 to €707
- Gross operating margin -€10,032
down €10,032 (-16.8%), from €59,587 to €49,556
- Depreciation -€6,235
down €6,235 (-16.8%), from €37,095 to €30,860
- Write-downs -€1,466
down €1,466 (-100%), from €1,466 to €0
- Financial charges +€1,212
up €1,212 (+65.0%), from €1,865 to €3,077
- Taxes -€1,168
down €1,168 (-23.6%), from €4,956 to €3,788
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 | €296,726 | €285,710 | -€11,016 | -3.7% |
| Fixed assets | 21/28 | €91,836 | €87,927 | -€3,908 | -4.3% |
| Tangible fixed assets | 22/27 | €91,836 | €87,927 | -€3,908 | -4.3% |
| Land and buildings | 22 | €62,866 | €53,600 | -€9,266 | -14.7% |
| Plant, machinery and equipment | 23 | €28,829 | €34,043 | +€5,214 | +18.1% |
| Furniture and vehicles | 24 | €141 | €284 | +€143 | +102% |
| Current assets | 29/58 | €204,890 | €197,783 | -€7,107 | -3.5% |
| Stocks and contracts in progress | 3 | €114,356 | €110,643 | -€3,714 | -3.2% |
| Stocks | 30/36 | €114,356 | €110,643 | -€3,714 | -3.2% |
| Amounts receivable within one year | 40/41 | €27,094 | €15,480 | -€11,614 | -42.9% |
| Trade receivables | 40 | €24,283 | €13,396 | -€10,887 | -44.8% |
| Other amounts receivable | 41 | €2,812 | €2,085 | -€727 | -25.9% |
| Cash at bank and in hand | 54/58 | €60,436 | €67,708 | +€7,271 | +12.0% |
| Deferred charges and accrued income | 490/1 | €3,003 | €3,952 | +€949 | +31.6% |
| Total equity and liabilities | 10/49 | €296,726 | €285,710 | -€11,016 | -3.7% |
| Equity | 10/15 | €120,340 | €127,408 | +€7,067 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,810 | €59,877 | +€7,067 | +13.4% |
| Distributable reserves | 133 | €52,810 | €59,877 | +€7,067 | +13.4% |
| Profit (loss) carried forward | 14 | €48,931 | €48,931 | = | 0.0% |
| Amounts payable | 17/49 | €176,385 | €158,303 | -€18,083 | -10.3% |
| Amounts payable after more than one year | 17 | €4,905 | €6,408 | +€1,503 | +30.7% |
| Financial debts | 170/4 | €4,905 | €6,408 | +€1,503 | +30.7% |
| Amounts payable within one year | 42/48 | €171,481 | €151,894 | -€19,586 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €9,342 | €10,207 | +€865 | +9.3% |
| Trade debts | 44 | €3,871 | €3,067 | -€804 | -20.8% |
| Suppliers | 440/4 | €3,871 | €3,067 | -€804 | -20.8% |
| Taxes, remuneration and social security | 45 | €5,426 | €707 | -€4,720 | -87.0% |
| Taxes | 450/3 | €5,426 | €707 | -€4,720 | -87.0% |
| Other amounts payable | 47/48 | €152,841 | €137,914 | -€14,927 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,095 | €30,860 | -€6,235 | -16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,466 | €0 | -€1,466 | -100% |
| Other operating charges | 640/8 | €4,085 | €4,210 | +€126 | +3.1% |
| Non-recurring operating charges | 66A | - | €810 | +€810 | |
| Gross operating margin | 9900 | €59,587 | €49,556 | -€10,032 | -16.8% |
| Operating profit (loss) | 9901 | €16,942 | €13,675 | -€3,266 | -19.3% |
| Financial income | 75/76B | €329 | €257 | -€72 | -21.9% |
| Recurring financial income | 75 | €329 | €257 | -€72 | -21.9% |
| Financial charges | 65/66B | €1,865 | €3,077 | +€1,212 | +65.0% |
| Recurring financial charges | 65 | €1,865 | €3,077 | +€1,212 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €15,406 | €10,855 | -€4,551 | -29.5% |
| Income taxes | 67/77 | €4,956 | €3,788 | -€1,168 | -23.6% |
| Profit (loss) for the period | 9904 | €10,450 | €7,067 | -€3,383 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,450 | €7,067 | -€3,383 | -32.4% |
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 16 October 2026 via checked.be.