MULLER ELECTRICITE: what changed
Two fiscal 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.
MULLER ELECTRICITE
Largest movements
- Cash +€53,456
up €53,456 (+31.1%), from €171,853 to €225,308
mainly Other debts (+€115,817) and Net result for the year (+€100,925)
- Tangible fixed assets -€28,112
down €28,112 (-6.0%), from €469,489 to €441,377
of which Furniture and vehicles: -€16,377
- Other debts +€115,817
up €115,817 (+102.8%), from €112,622 to €228,439
- Reserves -€48,254
down €48,254 (-12.8%), from €376,853 to €328,599
of which Distributable reserves: -€48,254
- Trade debts -€29,411
down €29,411 (-80.9%), from €36,368 to €6,957
- Debts after one year -€16,569
down €16,569 (-14.3%), from €116,048 to €99,479
- Gross operating margin -€86,001
down €86,001 (-31.7%), from €270,968 to €184,967
- Staff costs -€35,949
down €35,949 (-73.1%), from €49,150 to €13,201
- Taxes -€16,345
down €16,345 (-28.6%), from €57,200 to €40,855
- Depreciation -€3,886
down €3,886 (-13.2%), from €29,545 to €25,659
- Financial income -€3,873
down €3,873 (-79.0%), from €4,900 to €1,027
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 | €740,190 | €768,487 | +€28,296 | +3.8% |
| Fixed assets | 21/28 | €469,489 | €441,377 | -€28,112 | -6.0% |
| Tangible fixed assets | 22/27 | €469,489 | €441,377 | -€28,112 | -6.0% |
| Land and buildings | 22 | €410,203 | €399,043 | -€11,160 | -2.7% |
| Plant, machinery and equipment | 23 | €1,247 | €672 | -€575 | -46.1% |
| Furniture and vehicles | 24 | €58,039 | €41,662 | -€16,377 | -28.2% |
| Current assets | 29/58 | €270,702 | €327,110 | +€56,408 | +20.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,170 | €13,225 | +€2,055 | +18.4% |
| Stocks | 30/36 | €11,170 | €13,225 | +€2,055 | +18.4% |
| Amounts receivable within one year | 40/41 | €53,190 | €54,859 | +€1,669 | +3.1% |
| Trade receivables | 40 | €40,961 | €49,123 | +€8,162 | +19.9% |
| Other amounts receivable | 41 | €12,229 | €5,736 | -€6,493 | -53.1% |
| Cash at bank and in hand | 54/58 | €171,853 | €225,308 | +€53,456 | +31.1% |
| Deferred charges and accrued income | 490/1 | €4,489 | €3,718 | -€771 | -17.2% |
| Total equity and liabilities | 10/49 | €740,190 | €768,487 | +€28,296 | +3.8% |
| Equity | 10/15 | €436,171 | €387,917 | -€48,254 | -11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €376,853 | €328,599 | -€48,254 | -12.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €374,993 | €326,739 | -€48,254 | -12.9% |
| Profit (loss) carried forward | 14 | €46,918 | €46,918 | = | 0.0% |
| Amounts payable | 17/49 | €304,019 | €380,569 | +€76,550 | +25.2% |
| Amounts payable after more than one year | 17 | €116,048 | €99,479 | -€16,569 | -14.3% |
| Financial debts | 170/4 | €116,048 | €99,479 | -€16,569 | -14.3% |
| Amounts payable within one year | 42/48 | €187,971 | €281,090 | +€93,119 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €16,210 | €16,569 | +€359 | +2.2% |
| Trade debts | 44 | €36,368 | €6,957 | -€29,411 | -80.9% |
| Suppliers | 440/4 | €36,368 | €6,957 | -€29,411 | -80.9% |
| Taxes, remuneration and social security | 45 | €22,771 | €29,126 | +€6,355 | +27.9% |
| Taxes | 450/3 | €17,083 | €27,144 | +€10,061 | +58.9% |
| Remuneration and social security | 454/9 | €5,688 | €1,982 | -€3,706 | -65.2% |
| Other amounts payable | 47/48 | €112,622 | €228,439 | +€115,817 | +102.8% |
| Non-recurring operating income | 76A | - | €5,849 | +€5,849 | |
| Remuneration, social security and pensions | 62 | €49,150 | €13,201 | -€35,949 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,545 | €25,659 | -€3,886 | -13.2% |
| Other operating charges | 640/8 | €2,058 | €2,144 | +€86 | +4.2% |
| Gross operating margin | 9900 | €270,968 | €184,967 | -€86,001 | -31.7% |
| Operating profit (loss) | 9901 | €190,215 | €143,963 | -€46,252 | -24.3% |
| Financial income | 75/76B | €4,900 | €1,027 | -€3,873 | -79.0% |
| Recurring financial income | 75 | €4,900 | €1,027 | -€3,873 | -79.0% |
| Financial charges | 65/66B | €3,678 | €3,210 | -€468 | -12.7% |
| Recurring financial charges | 65 | €3,678 | €3,210 | -€468 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €191,436 | €141,779 | -€49,657 | -25.9% |
| Income taxes | 67/77 | €57,200 | €40,855 | -€16,345 | -28.6% |
| Profit (loss) for the period | 9904 | €134,237 | €100,925 | -€33,312 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €134,237 | €100,925 | -€33,312 | -24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.