ML 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.
ML ELECTRO
Largest movements
- Cash -€10,474
down €10,474 (-56.3%), from €18,616 to €8,142
mainly Current portion of long-term debt (-€9,566) and Other debts (-€8,059)
- Tangible fixed assets -€6,833
down €6,833 (-31.8%), from €21,490 to €14,656
- Receivables within one year +€2,028
up €2,028 (+25.0%), from €8,121 to €10,149
- Current portion of long-term debt -€9,566
no longer reported in 2025 (was €9,566)
- Other debts -€8,059
down €8,059 (-68.0%), from €11,859 to €3,800
- Trade debts +€1,354
up €1,354 (+72.6%), from €1,866 to €3,220
- Tax, wage and social debts +€560
up €560 (+24.5%), from €2,282 to €2,842
- Gross operating margin +€1,625
up €1,625 (+17.6%), from €9,240 to €10,865
- Taxes +€1,339
new in 2025: €1,339
- Other operating charges +€400
up €400 (+77.2%), from €518 to €917
- Depreciation +€378
up €378 (+4.8%), from €7,863 to €8,240
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,012 | €34,569 | -€15,443 | -30.9% |
| Fixed assets | 21/28 | €21,979 | €14,919 | -€7,059 | -32.1% |
| Intangible fixed assets | 21 | €489 | €263 | -€226 | -46.2% |
| Tangible fixed assets | 22/27 | €21,490 | €14,656 | -€6,833 | -31.8% |
| Furniture and vehicles | 24 | €21,490 | €14,656 | -€6,833 | -31.8% |
| Current assets | 29/58 | €28,033 | €19,649 | -€8,384 | -29.9% |
| Amounts receivable within one year | 40/41 | €8,121 | €10,149 | +€2,028 | +25.0% |
| Trade receivables | 40 | €8,121 | €10,149 | +€2,028 | +25.0% |
| Cash at bank and in hand | 54/58 | €18,616 | €8,142 | -€10,474 | -56.3% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,358 | +€62 | +4.8% |
| Total equity and liabilities | 10/49 | €50,012 | €34,569 | -€15,443 | -30.9% |
| Equity | 10/15 | €24,438 | €24,706 | +€268 | +1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,438 | €22,706 | +€268 | +1.2% |
| Amounts payable | 17/49 | €25,574 | €9,863 | -€15,711 | -61.4% |
| Amounts payable within one year | 42/48 | €25,574 | €9,863 | -€15,711 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €9,566 | - | -€9,566 | |
| Trade debts | 44 | €1,866 | €3,220 | +€1,354 | +72.6% |
| Suppliers | 440/4 | €1,866 | €3,220 | +€1,354 | +72.6% |
| Taxes, remuneration and social security | 45 | €2,282 | €2,842 | +€560 | +24.5% |
| Taxes | 450/3 | €2,282 | €2,842 | +€560 | +24.5% |
| Other amounts payable | 47/48 | €11,859 | €3,800 | -€8,059 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,863 | €8,240 | +€378 | +4.8% |
| Other operating charges | 640/8 | €518 | €917 | +€400 | +77.2% |
| Gross operating margin | 9900 | €9,240 | €10,865 | +€1,625 | +17.6% |
| Operating profit (loss) | 9901 | €860 | €1,708 | +€848 | +98.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €83 | €101 | +€18 | +21.8% |
| Recurring financial charges | 65 | €83 | €101 | +€18 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €778 | €1,607 | +€830 | +106.7% |
| Income taxes | 67/77 | - | €1,339 | +€1,339 | |
| Profit (loss) for the period | 9904 | €778 | €268 | -€510 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €778 | €268 | -€510 | -65.6% |
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 9 October 2026 via checked.be.