MLM ELEC: 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.
MLM ELEC
Largest movements
- Cash +€22,004
up €22,004 (+46.3%), from €47,515 to €69,520
mainly Net result for the year (+€24,976) and Depreciation (+€24,580)
- Tangible fixed assets -€18,938
down €18,938 (-25.5%), from €74,266 to €55,328
of which Furniture and vehicles: -€15,595
- Deferred charges and accrued income -€6,381
down €6,381 (-93.9%), from €6,793 to €412
- Receivables within one year +€5,143
up €5,143 (+8.6%), from €59,920 to €65,064
of which Trade receivables: +€3,296
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Debts after one year -€14,912
down €14,912 (-40.0%), from €37,293 to €22,382
- Reserves +€9,976
up €9,976 (+9.0%), from €111,364 to €121,341
- Trade debts -€8,695
down €8,695 (-34.4%), from €25,257 to €16,563
- Accrued charges and deferred income +€8,433
new in 2025: €8,433
- Gross operating margin +€34,955
up €34,955 (+24.2%), from €144,188 to €179,143
- Staff costs +€18,429
up €18,429 (+18.7%), from €98,549 to €116,978
- Taxes +€3,766
up €3,766 (+101%), from €3,720 to €7,486
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 | €212,256 | €215,457 | +€3,201 | +1.5% |
| Fixed assets | 21/28 | €74,266 | €55,328 | -€18,938 | -25.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €74,266 | €55,328 | -€18,938 | -25.5% |
| Plant, machinery and equipment | 23 | €12,149 | €8,807 | -€3,342 | -27.5% |
| Furniture and vehicles | 24 | €62,117 | €46,521 | -€15,595 | -25.1% |
| Current assets | 29/58 | €137,990 | €160,129 | +€22,138 | +16.0% |
| Stocks and contracts in progress | 3 | €23,761 | €25,133 | +€1,372 | +5.8% |
| Stocks | 30/36 | €23,761 | €25,133 | +€1,372 | +5.8% |
| Amounts receivable within one year | 40/41 | €59,920 | €65,064 | +€5,143 | +8.6% |
| Trade receivables | 40 | €44,168 | €47,464 | +€3,296 | +7.5% |
| Other amounts receivable | 41 | €15,752 | €17,599 | +€1,847 | +11.7% |
| Cash at bank and in hand | 54/58 | €47,515 | €69,520 | +€22,004 | +46.3% |
| Deferred charges and accrued income | 490/1 | €6,793 | €412 | -€6,381 | -93.9% |
| Total equity and liabilities | 10/49 | €212,256 | €215,457 | +€3,201 | +1.5% |
| Equity | 10/15 | €116,364 | €126,341 | +€9,976 | +8.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,364 | €121,341 | +€9,976 | +9.0% |
| Distributable reserves | 133 | €111,364 | €121,341 | +€9,976 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,892 | €89,116 | -€6,776 | -7.1% |
| Amounts payable after more than one year | 17 | €37,293 | €22,382 | -€14,912 | -40.0% |
| Financial debts | 170/4 | €37,293 | €22,382 | -€14,912 | -40.0% |
| Amounts payable within one year | 42/48 | €58,599 | €58,302 | -€297 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €16,626 | €14,912 | -€1,714 | -10.3% |
| Trade debts | 44 | €25,257 | €16,563 | -€8,695 | -34.4% |
| Suppliers | 440/4 | €25,257 | €16,563 | -€8,695 | -34.4% |
| Taxes, remuneration and social security | 45 | €16,716 | €11,828 | -€4,888 | -29.2% |
| Taxes | 450/3 | €1,378 | €2,486 | +€1,108 | +80.4% |
| Remuneration and social security | 454/9 | €15,338 | €9,341 | -€5,996 | -39.1% |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | - | €8,433 | +€8,433 | |
| Non-recurring operating income | 76A | €0 | €452 | +€452 | |
| Remuneration, social security and pensions | 62 | €98,549 | €116,978 | +€18,429 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,259 | €24,580 | -€1,679 | -6.4% |
| Other operating charges | 640/8 | €1,270 | €797 | -€472 | -37.2% |
| Gross operating margin | 9900 | €144,188 | €179,143 | +€34,955 | +24.2% |
| Operating profit (loss) | 9901 | €18,111 | €36,789 | +€18,678 | +103% |
| Financial income | 75/76B | €196 | €32 | -€164 | -83.8% |
| Recurring financial income | 75 | €196 | €32 | -€164 | -83.8% |
| Financial charges | 65/66B | €3,029 | €4,358 | +€1,328 | +43.9% |
| Recurring financial charges | 65 | €3,029 | €4,358 | +€1,328 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €15,277 | €32,463 | +€17,185 | +112% |
| Income taxes | 67/77 | €3,720 | €7,486 | +€3,766 | +101% |
| Profit (loss) for the period | 9904 | €11,557 | €24,976 | +€13,419 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €11,557 | €24,976 | +€13,419 | +116% |
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 13 October 2026 via checked.be.