MN ELEKTRO: 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.
MN ELEKTRO
Largest movements
- Tangible fixed assets +€36,991
up €36,991 (+208%), from €17,806 to €54,797
- Cash -€5,790
down €5,790 (-63.0%), from €9,189 to €3,399
mainly Investment in fixed assets (net) (-€44,257) and Trade debts (-€10,607)
- Receivables within one year +€5,708
up €5,708 (+3.8%), from €151,915 to €157,623
of which Trade receivables: +€13,865
- Debts after one year +€34,921
new in 2025: €34,921
of which Financial debts: +€25,263
- Profit (loss) carried forward +€13,926
up €13,926 (+25.3%), from €54,986 to €68,912
- Trade debts -€10,607
down €10,607 (-9.7%), from €109,669 to €99,062
of which Suppliers: -€20,621
- Gross operating margin +€5,876
up €5,876 (+30.4%), from €19,310 to €25,186
- Financial charges -€3,615
down €3,615 (-98.0%), from €3,688 to €74
- Taxes +€3,334
up €3,334 (+176%), from €1,898 to €5,233
- Financial income +€2,493
new in 2025: €2,493
- Depreciation +€731
up €731 (+11.2%), from €6,535 to €7,266
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 | €178,910 | €215,818 | +€36,908 | +20.6% |
| Fixed assets | 21/28 | €17,806 | €54,797 | +€36,991 | +208% |
| Tangible fixed assets | 22/27 | €17,806 | €54,797 | +€36,991 | +208% |
| Furniture and vehicles | 24 | €17,806 | €54,797 | +€36,991 | +208% |
| Current assets | 29/58 | €161,104 | €161,022 | -€83 | -0.1% |
| Amounts receivable within one year | 40/41 | €151,915 | €157,623 | +€5,708 | +3.8% |
| Trade receivables | 40 | €119,778 | €133,643 | +€13,865 | +11.6% |
| Other amounts receivable | 41 | €32,137 | €23,979 | -€8,158 | -25.4% |
| Cash at bank and in hand | 54/58 | €9,189 | €3,399 | -€5,790 | -63.0% |
| Total equity and liabilities | 10/49 | €178,910 | €215,818 | +€36,908 | +20.6% |
| Equity | 10/15 | €56,986 | €70,912 | +€13,926 | +24.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,986 | €68,912 | +€13,926 | +25.3% |
| Amounts payable | 17/49 | €121,925 | €144,907 | +€22,982 | +18.8% |
| Amounts payable after more than one year | 17 | - | €34,921 | +€34,921 | |
| Financial debts | 170/4 | - | €25,263 | +€25,263 | |
| Other amounts payable | 178/9 | - | €9,658 | +€9,658 | |
| Amounts payable within one year | 42/48 | €121,925 | €109,986 | -€11,939 | -9.8% |
| Trade debts | 44 | €109,669 | €99,062 | -€10,607 | -9.7% |
| Suppliers | 440/4 | €24,088 | €3,467 | -€20,621 | -85.6% |
| Bills of exchange payable | 441 | €85,581 | €95,595 | +€10,014 | +11.7% |
| Taxes, remuneration and social security | 45 | €12,256 | €10,924 | -€1,332 | -10.9% |
| Taxes | 450/3 | €12,256 | €10,924 | -€1,332 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,535 | €7,266 | +€731 | +11.2% |
| Other operating charges | 640/8 | €1,111 | €1,180 | +€70 | +6.3% |
| Gross operating margin | 9900 | €19,310 | €25,186 | +€5,876 | +30.4% |
| Operating profit (loss) | 9901 | €11,664 | €16,740 | +€5,075 | +43.5% |
| Financial income | 75/76B | - | €2,493 | +€2,493 | |
| Recurring financial income | 75 | - | €2,493 | +€2,493 | |
| Financial charges | 65/66B | €3,688 | €74 | -€3,615 | -98.0% |
| Recurring financial charges | 65 | €3,688 | €74 | -€3,615 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €7,976 | €19,159 | +€11,183 | +140% |
| Income taxes | 67/77 | €1,898 | €5,233 | +€3,334 | +176% |
| Profit (loss) for the period | 9904 | €6,078 | €13,926 | +€7,848 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €6,078 | €13,926 | +€7,848 | +129% |
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 20 October 2026 via checked.be.