MICHEMATIC ELECTRO: 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.
MICHEMATIC ELECTRO
Largest movements
- Tangible fixed assets -€46,498
down €46,498 (-13.0%), from €357,646 to €311,148
of which Furniture and vehicles: -€33,812
- Receivables within one year +€30,042
up €30,042 (+14.8%), from €202,804 to €232,846
of which Trade receivables: +€24,699
- Cash -€17,870
down €17,870 (-100%), from €17,870 to €0
mainly Advances received (-€53,319) and Receivables within one year (-€30,042)
- Advances received -€53,319
down €53,319 (-100%), from €53,319 to €0
- Short-term financial debts +€21,784
new in 2025: €21,784
- Trade debts +€11,159
up €11,159 (+87.7%), from €12,724 to €23,883
- Debts after one year -€9,727
down €9,727 (-5.6%), from €174,727 to €165,000
of which Financial debts: -€9,727
- Other debts +€9,275
up €9,275 (+79.7%), from €11,641 to €20,917
- Gross operating margin -€34,591
down €34,591 (-19.5%), from €177,470 to €142,880
- Write-downs -€23,100
down €23,100 (-100%), from €23,100 to €0
- Taxes -€4,396
down €4,396 (-61.9%), from €7,098 to €2,702
- Other operating charges +€1,882
up €1,882 (+42.0%), from €4,486 to €6,368
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 | €599,085 | €566,666 | -€32,419 | -5.4% |
| Fixed assets | 21/28 | €366,771 | €318,931 | -€47,840 | -13.0% |
| Intangible fixed assets | 21 | €2,099 | €757 | -€1,342 | -63.9% |
| Tangible fixed assets | 22/27 | €357,646 | €311,148 | -€46,498 | -13.0% |
| Land and buildings | 22 | €255,227 | €242,541 | -€12,686 | -5.0% |
| Furniture and vehicles | 24 | €102,419 | €68,607 | -€33,812 | -33.0% |
| Financial fixed assets | 28 | €7,026 | €7,026 | = | 0.0% |
| Current assets | 29/58 | €232,314 | €247,735 | +€15,421 | +6.6% |
| Stocks and contracts in progress | 3 | €11,641 | €14,889 | +€3,248 | +27.9% |
| Stocks | 30/36 | €5,535 | €4,852 | -€682 | -12.3% |
| Contracts in progress | 37 | €6,106 | €10,037 | +€3,931 | +64.4% |
| Amounts receivable within one year | 40/41 | €202,804 | €232,846 | +€30,042 | +14.8% |
| Trade receivables | 40 | €197,510 | €222,209 | +€24,699 | +12.5% |
| Other amounts receivable | 41 | €5,294 | €10,637 | +€5,343 | +101% |
| Cash at bank and in hand | 54/58 | €17,870 | €0 | -€17,870 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €599,085 | €566,666 | -€32,419 | -5.4% |
| Equity | 10/15 | €248,924 | €251,854 | +€2,930 | +1.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €203,550 | €206,475 | +€2,925 | +1.4% |
| Distributable reserves | 133 | €203,550 | €206,475 | +€2,925 | +1.4% |
| Profit (loss) carried forward | 14 | €374 | €379 | +€5 | +1.3% |
| Provisions and deferred taxes | 16 | €53,908 | €53,908 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €53,908 | €53,908 | = | 0.0% |
| Pensions and similar obligations | 160 | €53,908 | €53,908 | = | 0.0% |
| Amounts payable | 17/49 | €296,253 | €260,904 | -€35,349 | -11.9% |
| Amounts payable after more than one year | 17 | €174,727 | €165,000 | -€9,727 | -5.6% |
| Financial debts | 170/4 | €9,727 | €0 | -€9,727 | -100% |
| Other amounts payable | 178/9 | €165,000 | €165,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,526 | €95,904 | -€25,622 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €18,299 | €9,727 | -€8,572 | -46.8% |
| Financial debts | 43 | - | €21,784 | +€21,784 | |
| Credit institutions | 430/8 | - | €21,784 | +€21,784 | |
| Trade debts | 44 | €12,724 | €23,883 | +€11,159 | +87.7% |
| Suppliers | 440/4 | €12,724 | €23,883 | +€11,159 | +87.7% |
| Advances received on contracts in progress | 46 | €53,319 | €0 | -€53,319 | -100% |
| Taxes, remuneration and social security | 45 | €25,542 | €19,593 | -€5,949 | -23.3% |
| Taxes | 450/3 | €18,101 | €11,578 | -€6,523 | -36.0% |
| Remuneration and social security | 454/9 | €7,441 | €8,015 | +€574 | +7.7% |
| Other amounts payable | 47/48 | €11,641 | €20,917 | +€9,275 | +79.7% |
| Remuneration, social security and pensions | 62 | €69,455 | €70,020 | +€565 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,840 | €47,840 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,100 | €0 | -€23,100 | -100% |
| Other operating charges | 640/8 | €4,486 | €6,368 | +€1,882 | +42.0% |
| Gross operating margin | 9900 | €177,470 | €142,880 | -€34,591 | -19.5% |
| Operating profit (loss) | 9901 | €32,590 | €18,652 | -€13,938 | -42.8% |
| Financial income | 75/76B | €291 | €127 | -€164 | -56.3% |
| Recurring financial income | 75 | €291 | €127 | -€164 | -56.3% |
| Financial charges | 65/66B | €11,438 | €13,147 | +€1,709 | +14.9% |
| Recurring financial charges | 65 | €11,438 | €13,147 | +€1,709 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €21,443 | €5,632 | -€15,811 | -73.7% |
| Income taxes | 67/77 | €7,098 | €2,702 | -€4,396 | -61.9% |
| Profit (loss) for the period | 9904 | €14,345 | €2,930 | -€11,415 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,345 | €2,930 | -€11,415 | -79.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.