MEULEWAETER ELECTRICS: what changed
MEULEWAETER ELECTRICS
Largest movements
- Cash +€38,191
up €38,191 (+18.5%), from €206,709 to €244,900
mainly Net result for the year (+€48,676) and Stocks and contracts (+€24,995)
- Stocks and contracts -€24,995
down €24,995 (-55.3%), from €45,206 to €20,210
- Receivables within one year +€20,506
up €20,506 (+106%), from €19,357 to €39,864
of which Other amounts receivable: +€13,893
- Tangible fixed assets -€14,705
down €14,705 (-38.1%), from €38,605 to €23,900
of which Furniture and vehicles: -€12,227
- Profit (loss) carried forward +€48,676
up €48,676 (+94.6%), from €51,465 to €100,141
- Debts after one year -€13,283
no longer reported in 2025 (was €13,283)
- Trade debts -€9,354
down €9,354 (-59.2%), from €15,804 to €6,450
- Other debts -€6,644
down €6,644 (-3.5%), from €188,774 to €182,130
- Gross operating margin +€3,853
up €3,853 (+4.4%), from €88,133 to €91,986
- Depreciation -€1,826
down €1,826 (-11.0%), from €16,530 to €14,705
- Staff costs -€1,114
no longer reported in 2025 (was €1,114)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,042 | €329,967 | +€16,925 | +5.4% |
| Fixed assets | 21/28 | €38,605 | €23,900 | -€14,705 | -38.1% |
| Tangible fixed assets | 22/27 | €38,605 | €23,900 | -€14,705 | -38.1% |
| Plant, machinery and equipment | 23 | €5,442 | €2,964 | -€2,478 | -45.5% |
| Furniture and vehicles | 24 | €33,163 | €20,936 | -€12,227 | -36.9% |
| Current assets | 29/58 | €274,437 | €306,067 | +€31,630 | +11.5% |
| Stocks and contracts in progress | 3 | €45,206 | €20,210 | -€24,995 | -55.3% |
| Stocks | 30/36 | €45,206 | €20,210 | -€24,995 | -55.3% |
| Amounts receivable within one year | 40/41 | €19,357 | €39,864 | +€20,506 | +106% |
| Trade receivables | 40 | €18,210 | €24,823 | +€6,613 | +36.3% |
| Other amounts receivable | 41 | €1,147 | €15,040 | +€13,893 | +1,211% |
| Cash at bank and in hand | 54/58 | €206,709 | €244,900 | +€38,191 | +18.5% |
| Deferred charges and accrued income | 490/1 | €3,165 | €1,092 | -€2,073 | -65.5% |
| Total equity and liabilities | 10/49 | €313,042 | €329,967 | +€16,925 | +5.4% |
| Equity | 10/15 | €56,465 | €105,141 | +€48,676 | +86.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,465 | €100,141 | +€48,676 | +94.6% |
| Amounts payable | 17/49 | €256,577 | €224,826 | -€31,751 | -12.4% |
| Amounts payable after more than one year | 17 | €13,283 | - | -€13,283 | |
| Financial debts | 170/4 | €13,283 | - | -€13,283 | |
| Amounts payable within one year | 42/48 | €238,630 | €221,676 | -€16,955 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €13,024 | €13,283 | +€259 | +2.0% |
| Trade debts | 44 | €15,804 | €6,450 | -€9,354 | -59.2% |
| Suppliers | 440/4 | €15,804 | €6,450 | -€9,354 | -59.2% |
| Taxes, remuneration and social security | 45 | €21,028 | €19,812 | -€1,215 | -5.8% |
| Taxes | 450/3 | €19,128 | €17,512 | -€1,615 | -8.4% |
| Remuneration and social security | 454/9 | €1,900 | €2,300 | +€400 | +21.1% |
| Other amounts payable | 47/48 | €188,774 | €182,130 | -€6,644 | -3.5% |
| Accrued charges and deferred income | 492/3 | €4,663 | €3,150 | -€1,513 | -32.4% |
| Remuneration, social security and pensions | 62 | €1,114 | - | -€1,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,530 | €14,705 | -€1,826 | -11.0% |
| Other operating charges | 640/8 | €2,265 | €2,229 | -€37 | -1.6% |
| Non-recurring operating charges | 66A | - | €9,685 | +€9,685 | |
| Gross operating margin | 9900 | €88,133 | €91,986 | +€3,853 | +4.4% |
| Operating profit (loss) | 9901 | €68,224 | €65,368 | -€2,856 | -4.2% |
| Financial income | 75/76B | - | €132 | +€132 | |
| Recurring financial income | 75 | - | €132 | +€132 | |
| Financial charges | 65/66B | €4,357 | €3,610 | -€747 | -17.1% |
| Recurring financial charges | 65 | €4,357 | €3,610 | -€747 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €63,867 | €61,889 | -€1,977 | -3.1% |
| Income taxes | 67/77 | €13,908 | €13,213 | -€695 | -5.0% |
| Profit (loss) for the period | 9904 | €49,959 | €48,676 | -€1,283 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,959 | €48,676 | -€1,283 | -2.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.