METHODE ELECTRONICS BELGIUM: 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.
What changed
METHODE ELECTRONICS BELGIUM
NACE 22.210, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €4.9m-€414,618
Equity
€22.4m
2024 · €18.0m+€4.4m
Cash
€611,651
2024 · €941,565-€329,914
Balance sheet total
€29.2m
2024 · €28.8m+€304,850
Largest movements
Assets
- Receivables after one year +€2.0m
up €2.0m (+257.1%), from €762,586 to €2.7m
- Tangible fixed assets -€1.1m
down €1.1m (-13.5%), from €8.3m to €7.2m
- Deferred charges and accrued income +€452,339
up €452,339 (+152.9%), from €295,928 to €748,267
- Stocks and contracts -€442,983
down €442,983 (-10.4%), from €4.3m to €3.8m
of which Stocks: -€257,047
- Cash -€329,914
down €329,914 (-35.0%), from €941,565 to €611,651
mainly Current portion of long-term debt (-€3.5m) and Receivables after one year (-€2.0m)
Equity and liabilities
- Reserves +€4.5m
up €4.5m (+28.7%), from €15.6m to €20.1m
of which Distributable reserves: +€6.3m
- Current portion of long-term debt -€3.5m
down €3.5m (-99.9%), from €3.5m to €2,407
- Accrued charges and deferred income -€605,430
down €605,430 (-23.3%), from €2.6m to €2.0m
- Trade debts +€500,918
up €500,918 (+16.3%), from €3.1m to €3.6m
- Tax, wage and social debts -€458,388
down €458,388 (-28.0%), from €1.6m to €1.2m
of which Taxes: -€460,761
Income statement
- Goods and materials -€1.7m
down €1.7m (-8.5%), from €19.8m to €18.1m
of which Purchases: -€2.1m
- Turnover -€1.3m
down €1.3m (-3.3%), from €38.2m to €36.9m
- Staff costs +€430,126
up €430,126 (+7.0%), from €6.1m to €6.6m
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.
Result 2024
€4.9m
Turnover
-€1.3m
Other operating income
+€118,686
Goods and materials
+€1.7m
Services and other goods
+€37,386
Staff costs
-€430,126
Depreciation
-€130,798
Write-downs
+€59,905
Other operating charges
+€4,295
Other operating items
-€639,722
Financial income
-€57,002
Financial charges
+€76,938
Taxes
+€147,629
Result 2025
€4.5m
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.
From operations
+€3.3m
Investment
-€52,116
Financing
-€3.6m
Cash 2024
€941,565
From operations (derived)
+€3.3m
Net result for the year
+€4.5m
Depreciation
+€1.2m
Receivables after one year
-€2.0m
Stocks and contracts
+€442,983
Receivables within one year
+€207,239
Deferred charges and accrued income
-€452,339
Provisions
-€3,073
Trade debts
+€500,918
Tax, wage and social debts
-€458,388
Accrued charges and deferred income
-€605,430
Investment (derived)
-€52,116
Investment in fixed assets (net)
-€52,116
Financing
-€3.6m
Debts after one year
-€2,407
Current portion of long-term debt
-€3.5m
Contributions, distributions and other
-€105,488
Cash 2025
€611,651
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,848,850 | €29,153,699 | +€304,850 | +1.1% |
| Fixed assets | 21/28 | €8,330,481 | €7,202,468 | -€1.1m | -13.5% |
| Intangible fixed assets | 21 | €4,289 | €66 | -€4,223 | -98.5% |
| Tangible fixed assets | 22/27 | €8,323,012 | €7,199,221 | -€1.1m | -13.5% |
| Land and buildings | 22 | €1,828,868 | €1,705,982 | -€122,887 | -6.7% |
| Plant, machinery and equipment | 23 | €5,049,091 | €4,522,861 | -€526,230 | -10.4% |
| Furniture and vehicles | 24 | €97,985 | €166,101 | +€68,117 | +69.5% |
| Leasing and similar rights | 25 | €6,401 | €4,026 | -€2,375 | -37.1% |
| Other tangible fixed assets | 26 | €2,962 | €1,909 | -€1,054 | -35.6% |
| Assets under construction and advance payments | 27 | €1,337,705 | €798,343 | -€539,362 | -40.3% |
| Financial fixed assets | 28 | €3,180 | €3,180 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,180 | €3,180 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,180 | €3,180 | = | 0.0% |
| Current assets | 29/58 | €20,518,369 | €21,951,232 | +€1.4m | +7.0% |
| Amounts receivable after more than one year | 29 | €762,586 | €2,723,246 | +€2.0m | +257.1% |
| Other amounts receivable | 291 | €762,586 | €2,723,246 | +€2.0m | +257.1% |
| Stocks and contracts in progress | 3 | €4,251,275 | €3,808,292 | -€442,983 | -10.4% |
| Stocks | 30/36 | €2,990,410 | €2,733,363 | -€257,047 | -8.6% |
| Raw materials and consumables | 30/31 | €2,485,464 | €2,204,467 | -€280,997 | -11.3% |
| Finished goods | 33 | €504,946 | €528,896 | +€23,950 | +4.7% |
| Contracts in progress | 37 | €1,260,865 | €1,074,929 | -€185,936 | -14.7% |
| Amounts receivable within one year | 40/41 | €14,267,015 | €14,059,775 | -€207,239 | -1.5% |
| Trade receivables | 40 | €8,574,973 | €8,205,182 | -€369,791 | -4.3% |
| Other amounts receivable | 41 | €5,692,042 | €5,854,593 | +€162,552 | +2.9% |
| Cash at bank and in hand | 54/58 | €941,565 | €611,651 | -€329,914 | -35.0% |
| Deferred charges and accrued income | 490/1 | €295,928 | €748,267 | +€452,339 | +152.9% |
| Total equity and liabilities | 10/49 | €28,848,850 | €29,153,699 | +€304,850 | +1.1% |
| Equity | 10/15 | €18,034,533 | €22,407,739 | +€4.4m | +24.2% |
| Contributions | 10/11 | €1,368,750 | €1,368,750 | = | 0.0% |
| Capital | 10 | €1,368,750 | €1,368,750 | = | 0.0% |
| Issued capital | 100 | €1,368,750 | €1,368,750 | = | 0.0% |
| Revaluation surpluses | 12 | €586,754 | €586,754 | = | 0.0% |
| Reserves | 13 | €15,593,935 | €20,072,629 | +€4.5m | +28.7% |
| Non-distributable reserves | 130/1 | €136,875 | €136,875 | = | 0.0% |
| Legal reserve | 130 | €136,875 | €136,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,881,008 | €18,290 | -€1.9m | -99.0% |
| Distributable reserves | 133 | €13,576,053 | €19,917,464 | +€6.3m | +46.7% |
| Investment grants | 15 | €485,093 | €379,605 | -€105,488 | -21.7% |
| Provisions and deferred taxes | 16 | €9,169 | €6,097 | -€3,073 | -33.5% |
| Deferred taxes | 168 | €9,169 | €6,097 | -€3,073 | -33.5% |
| Amounts payable | 17/49 | €10,805,147 | €6,739,864 | -€4.1m | -37.6% |
| Amounts payable after more than one year | 17 | €4,025 | €1,618 | -€2,407 | -59.8% |
| Financial debts | 170/4 | €4,025 | €1,618 | -€2,407 | -59.8% |
| Leasing and similar obligations | 172 | €4,025 | €1,618 | -€2,407 | -59.8% |
| Amounts payable within one year | 42/48 | €8,205,302 | €4,747,856 | -€3.5m | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €3,502,383 | €2,407 | -€3.5m | -99.9% |
| Trade debts | 44 | €3,067,213 | €3,568,131 | +€500,918 | +16.3% |
| Suppliers | 440/4 | €3,067,213 | €3,568,131 | +€500,918 | +16.3% |
| Taxes, remuneration and social security | 45 | €1,635,706 | €1,177,318 | -€458,388 | -28.0% |
| Taxes | 450/3 | €725,157 | €264,396 | -€460,761 | -63.5% |
| Remuneration and social security | 454/9 | €910,549 | €912,922 | +€2,373 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,595,821 | €1,990,390 | -€605,430 | -23.3% |
| Operating income | 70/76A | €39,194,299 | €37,398,634 | -€1.8m | -4.6% |
| Turnover | 70 | €38,205,476 | €36,930,846 | -€1.3m | -3.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €476,083 | -€161,985 | -€638,069 | |
| Other operating income | 74 | €511,087 | €629,773 | +€118,686 | +23.2% |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Operating charges | 60/66A | €32,792,214 | €31,578,733 | -€1.2m | -3.7% |
| Goods for resale, raw materials and consumables | 60 | €19,767,568 | €18,094,748 | -€1.7m | -8.5% |
| Purchases | 600/8 | €19,828,847 | €17,778,604 | -€2.1m | -10.3% |
| Change in stocks: decrease (increase) | 609 | -€61,279 | €316,144 | +€377,423 | |
| Services and other goods | 61 | €5,782,212 | €5,744,826 | -€37,386 | -0.6% |
| Remuneration, social security and pensions | 62 | €6,139,379 | €6,569,505 | +€430,126 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,049,331 | €1,180,129 | +€130,798 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,758 | -€35,147 | -€59,905 | |
| Other operating charges | 640/8 | €28,966 | €24,671 | -€4,295 | -14.8% |
| Operating profit (loss) | 9901 | €6,402,085 | €5,819,901 | -€582,184 | -9.1% |
| Financial income | 75/76B | €296,521 | €239,520 | -€57,002 | -19.2% |
| Recurring financial income | 75 | €296,521 | €239,520 | -€57,002 | -19.2% |
| Income from current assets | 751 | €34,603 | €76,058 | +€41,455 | +119.8% |
| Other financial income | 752/9 | €261,918 | €163,461 | -€98,457 | -37.6% |
| Financial charges | 65/66B | €139,079 | €62,141 | -€76,938 | -55.3% |
| Recurring financial charges | 65 | €139,079 | €62,141 | -€76,938 | -55.3% |
| Debt charges | 650 | €98,360 | €27,568 | -€70,792 | -72.0% |
| Other financial charges | 652/9 | €40,719 | €34,573 | -€6,146 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €6,559,527 | €5,997,280 | -€562,247 | -8.6% |
| Transfer from deferred taxes | 780 | €3,073 | €3,073 | = | 0.0% |
| Income taxes | 67/77 | €1,669,288 | €1,521,659 | -€147,629 | -8.8% |
| Taxes | 670/3 | €1,669,288 | €1,523,417 | -€145,871 | -8.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,758 | +€1,758 | |
| Profit (loss) for the period | 9904 | €4,893,312 | €4,478,694 | -€414,618 | -8.5% |
| Transfer from tax-exempt reserves | 789 | €9,218 | €1,862,718 | +€1.9m | +20107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,902,530 | €6,341,411 | +€1.4m | +29.3% |
Source: filed annual accounts (NBB), financial years ended 27 April 2024 and 3 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.