MULLERELECTRIC: 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.
MULLERELECTRIC
Largest movements
- Current investments +€394,333
up €394,333 (+524%), from €75,275 to €469,609
- Cash -€367,906
down €367,906 (-98.5%), from €373,633 to €5,728
mainly Current investments (-€394,333) and Contributions, distributions and other (-€29,200)
- Receivables after one year -€21,490
down €21,490 (-61.4%), from €35,000 to €13,510
- Stocks and contracts +€15,888
up €15,888 (+54.7%), from €29,060 to €44,948
- Receivables within one year +€13,612
up €13,612 (+42.4%), from €32,111 to €45,724
of which Trade receivables: +€13,090
- Trade debts +€27,688
up €27,688 (+262%), from €10,554 to €38,242
- Reserves +€19,350
up €19,350 (+3.4%), from €563,750 to €583,100
- Tax, wage and social debts -€16,267
down €16,267 (-84.9%), from €19,150 to €2,884
- Advances received +€7,395
new in 2025: €7,395
- Gross operating margin +€39,771
up €39,771 (+103%), from €38,527 to €78,297
- Taxes +€9,573
up €9,573 (+101%), from €9,482 to €19,055
- Financial income -€8,127
down €8,127 (-56.4%), from €14,403 to €6,276
- Depreciation -€3,526
down €3,526 (-18.7%), from €18,850 to €15,324
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 | €599,945 | €636,020 | +€36,075 | +6.0% |
| Fixed assets | 21/28 | €42,968 | €42,087 | -€881 | -2.0% |
| Intangible fixed assets | 21 | €2,359 | €2,675 | +€315 | +13.4% |
| Tangible fixed assets | 22/27 | €40,608 | €39,412 | -€1,196 | -2.9% |
| Plant, machinery and equipment | 23 | €13,314 | €20,839 | +€7,525 | +56.5% |
| Furniture and vehicles | 24 | €22,048 | €13,945 | -€8,103 | -36.8% |
| Other tangible fixed assets | 26 | €5,247 | €4,628 | -€619 | -11.8% |
| Current assets | 29/58 | €556,978 | €593,933 | +€36,955 | +6.6% |
| Amounts receivable after more than one year | 29 | €35,000 | €13,510 | -€21,490 | -61.4% |
| Other amounts receivable | 291 | €35,000 | €13,510 | -€21,490 | -61.4% |
| Stocks and contracts in progress | 3 | €29,060 | €44,948 | +€15,888 | +54.7% |
| Stocks | 30/36 | €29,060 | €44,948 | +€15,888 | +54.7% |
| Amounts receivable within one year | 40/41 | €32,111 | €45,724 | +€13,612 | +42.4% |
| Trade receivables | 40 | €3,612 | €16,702 | +€13,090 | +362% |
| Other amounts receivable | 41 | €28,499 | €29,022 | +€523 | +1.8% |
| Current investments | 50/53 | €75,275 | €469,609 | +€394,333 | +524% |
| Cash at bank and in hand | 54/58 | €373,633 | €5,728 | -€367,906 | -98.5% |
| Deferred charges and accrued income | 490/1 | €11,898 | €14,415 | +€2,517 | +21.2% |
| Total equity and liabilities | 10/49 | €599,945 | €636,020 | +€36,075 | +6.0% |
| Equity | 10/15 | €564,514 | €583,823 | +€19,309 | +3.4% |
| Contributions | 10/11 | €550 | €500 | -€50 | -9.1% |
| Reserves | 13 | €563,750 | €583,100 | +€19,350 | +3.4% |
| Distributable reserves | 133 | €563,750 | €583,100 | +€19,350 | +3.4% |
| Profit (loss) carried forward | 14 | €214 | €223 | +€9 | +4.4% |
| Amounts payable | 17/49 | €35,432 | €52,197 | +€16,765 | +47.3% |
| Amounts payable within one year | 42/48 | €35,432 | €52,192 | +€16,760 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €5,728 | - | -€5,728 | |
| Trade debts | 44 | €10,554 | €38,242 | +€27,688 | +262% |
| Suppliers | 440/4 | €10,554 | €38,242 | +€27,688 | +262% |
| Advances received on contracts in progress | 46 | - | €7,395 | +€7,395 | |
| Taxes, remuneration and social security | 45 | €19,150 | €2,884 | -€16,267 | -84.9% |
| Taxes | 450/3 | €19,150 | €2,884 | -€16,267 | -84.9% |
| Other amounts payable | 47/48 | - | €3,672 | +€3,672 | |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,850 | €15,324 | -€3,526 | -18.7% |
| Other operating charges | 640/8 | €1,487 | €1,315 | -€172 | -11.6% |
| Gross operating margin | 9900 | €38,527 | €78,297 | +€39,771 | +103% |
| Operating profit (loss) | 9901 | €18,190 | €61,659 | +€43,469 | +239% |
| Financial income | 75/76B | €14,403 | €6,276 | -€8,127 | -56.4% |
| Recurring financial income | 75 | €14,403 | €6,276 | -€8,127 | -56.4% |
| Financial charges | 65/66B | €670 | €371 | -€299 | -44.7% |
| Recurring financial charges | 65 | €670 | €371 | -€299 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €31,923 | €67,564 | +€35,641 | +112% |
| Income taxes | 67/77 | €9,482 | €19,055 | +€9,573 | +101% |
| Profit (loss) for the period | 9904 | €22,441 | €48,509 | +€26,068 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €22,441 | €48,509 | +€26,068 | +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 31 October 2026 via checked.be.