MICHAEL DESIROTTE ELECTRICITE: 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.
MICHAEL DESIROTTE ELECTRICITE
Largest movements
- Receivables within one year +€34,107
up €34,107 (+78.4%), from €43,497 to €77,603
of which Trade receivables: +€27,835
- Stocks and contracts -€22,680
down €22,680 (-80.5%), from €28,172 to €5,492
- Tangible fixed assets -€11,349
down €11,349 (-8.9%), from €127,782 to €116,433
of which Land and buildings: -€6,794
- Deferred charges and accrued income -€9,054
down €9,054 (-84.6%), from €10,704 to €1,650
- Cash -€5,639
down €5,639 (-85.3%), from €6,613 to €973
mainly Receivables within one year (-€34,107) and Debts after one year (-€16,453)
- Debts after one year -€16,453
down €16,453 (-24.4%), from €67,297 to €50,844
- Current portion of long-term debt +€4,157
up €4,157 (+18.7%), from €22,272 to €26,429
- Trade debts -€2,515
down €2,515 (-16.8%), from €14,976 to €12,461
- Gross operating margin -€47,648
down €47,648 (-70.0%), from €68,101 to €20,454
- Taxes -€7,087
down €7,087 (-81.5%), from €8,699 to €1,611
- Financial charges +€1,844
up €1,844 (+31.7%), from €5,816 to €7,660
- Financial income +€1,713
up €1,713 (+282%), from €607 to €2,320
- Other operating charges -€1,259
down €1,259 (-38.2%), from €3,295 to €2,036
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 | €217,078 | €202,461 | -€14,616 | -6.7% |
| Fixed assets | 21/28 | €128,092 | €116,743 | -€11,349 | -8.9% |
| Tangible fixed assets | 22/27 | €127,782 | €116,433 | -€11,349 | -8.9% |
| Land and buildings | 22 | €106,089 | €99,295 | -€6,794 | -6.4% |
| Plant, machinery and equipment | 23 | €4,409 | €3,449 | -€961 | -21.8% |
| Furniture and vehicles | 24 | €17,283 | €13,689 | -€3,595 | -20.8% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €88,985 | €85,718 | -€3,267 | -3.7% |
| Stocks and contracts in progress | 3 | €28,172 | €5,492 | -€22,680 | -80.5% |
| Stocks | 30/36 | €28,172 | €5,492 | -€22,680 | -80.5% |
| Amounts receivable within one year | 40/41 | €43,497 | €77,603 | +€34,107 | +78.4% |
| Trade receivables | 40 | €1,256 | €29,091 | +€27,835 | +2,216% |
| Other amounts receivable | 41 | €42,240 | €48,512 | +€6,272 | +14.8% |
| Cash at bank and in hand | 54/58 | €6,613 | €973 | -€5,639 | -85.3% |
| Deferred charges and accrued income | 490/1 | €10,704 | €1,650 | -€9,054 | -84.6% |
| Total equity and liabilities | 10/49 | €217,078 | €202,461 | -€14,616 | -6.7% |
| Equity | 10/15 | €103,630 | €101,813 | -€1,817 | -1.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €49,837 | €49,837 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,937 | €47,937 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,293 | €39,476 | -€1,817 | -4.4% |
| Amounts payable | 17/49 | €113,447 | €100,648 | -€12,799 | -11.3% |
| Amounts payable after more than one year | 17 | €67,297 | €50,844 | -€16,453 | -24.4% |
| Financial debts | 170/4 | €67,297 | €50,844 | -€16,453 | -24.4% |
| Amounts payable within one year | 42/48 | €45,946 | €49,200 | +€3,253 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €22,272 | €26,429 | +€4,157 | +18.7% |
| Trade debts | 44 | €14,976 | €12,461 | -€2,515 | -16.8% |
| Suppliers | 440/4 | €14,976 | €12,461 | -€2,515 | -16.8% |
| Taxes, remuneration and social security | 45 | €8,699 | €10,310 | +€1,611 | +18.5% |
| Taxes | 450/3 | €8,699 | €10,310 | +€1,611 | +18.5% |
| Accrued charges and deferred income | 492/3 | €204 | €605 | +€401 | +197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,310 | €13,284 | +€974 | +7.9% |
| Other operating charges | 640/8 | €3,295 | €2,036 | -€1,259 | -38.2% |
| Gross operating margin | 9900 | €68,101 | €20,454 | -€47,648 | -70.0% |
| Operating profit (loss) | 9901 | €52,497 | €5,134 | -€47,363 | -90.2% |
| Financial income | 75/76B | €607 | €2,320 | +€1,713 | +282% |
| Recurring financial income | 75 | €607 | €2,320 | +€1,713 | +282% |
| Financial charges | 65/66B | €5,816 | €7,660 | +€1,844 | +31.7% |
| Recurring financial charges | 65 | €5,816 | €7,660 | +€1,844 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €47,288 | -€206 | -€47,494 | |
| Income taxes | 67/77 | €8,699 | €1,611 | -€7,087 | -81.5% |
| Profit (loss) for the period | 9904 | €38,589 | -€1,817 | -€40,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,589 | -€1,817 | -€40,406 |
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 25 October 2026 via checked.be.