M & E 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.
M & E Electro
Largest movements
- Cash +€50,634
up €50,634 (+34.1%), from €148,287 to €198,920
mainly Net result for the year (+€27,639) and Receivables within one year (+€12,148)
- Receivables within one year -€12,148
down €12,148 (-14.2%), from €85,580 to €73,432
of which Trade receivables: -€7,130
- Tangible fixed assets -€7,669
down €7,669 (-86.6%), from €8,853 to €1,184
of which Furniture and vehicles: -€7,028
- Deferred charges and accrued income +€2,872
new in 2025: €2,872
- Reserves +€25,000
up €25,000 (+24.5%), from €101,860 to €126,860
of which Distributable reserves: +€25,000
- Trade debts +€5,768
up €5,768 (+82.7%), from €6,971 to €12,739
- Gross operating margin -€9,253
down €9,253 (-11.9%), from €77,528 to €68,275
- Taxes +€7,534
up €7,534 (+42.1%), from €17,900 to €25,434
- Other operating charges -€4,059
down €4,059 (-39.0%), from €10,402 to €6,343
- Financial charges +€1,057
up €1,057 (+791%), from €134 to €1,191
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 | €244,453 | €278,040 | +€33,587 | +13.7% |
| Fixed assets | 21/28 | €9,998 | €2,329 | -€7,669 | -76.7% |
| Tangible fixed assets | 22/27 | €8,853 | €1,184 | -€7,669 | -86.6% |
| Plant, machinery and equipment | 23 | €1,239 | €598 | -€641 | -51.7% |
| Furniture and vehicles | 24 | €7,614 | €586 | -€7,028 | -92.3% |
| Financial fixed assets | 28 | €1,145 | €1,145 | = | 0.0% |
| Current assets | 29/58 | €234,455 | €275,711 | +€41,256 | +17.6% |
| Stocks and contracts in progress | 3 | €588 | €486 | -€102 | -17.4% |
| Stocks | 30/36 | €588 | €486 | -€102 | -17.4% |
| Amounts receivable within one year | 40/41 | €85,580 | €73,432 | -€12,148 | -14.2% |
| Trade receivables | 40 | €76,348 | €69,218 | -€7,130 | -9.3% |
| Other amounts receivable | 41 | €9,232 | €4,214 | -€5,018 | -54.4% |
| Cash at bank and in hand | 54/58 | €148,287 | €198,920 | +€50,634 | +34.1% |
| Deferred charges and accrued income | 490/1 | - | €2,872 | +€2,872 | |
| Total equity and liabilities | 10/49 | €244,453 | €278,040 | +€33,587 | +13.7% |
| Equity | 10/15 | €216,402 | €244,041 | +€27,639 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €126,860 | +€25,000 | +24.5% |
| 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 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Profit (loss) carried forward | 14 | €95,942 | €98,581 | +€2,639 | +2.8% |
| Amounts payable | 17/49 | €28,051 | €33,999 | +€5,948 | +21.2% |
| Amounts payable within one year | 42/48 | €28,051 | €33,999 | +€5,948 | +21.2% |
| Trade debts | 44 | €6,971 | €12,739 | +€5,768 | +82.7% |
| Suppliers | 440/4 | €6,971 | €12,739 | +€5,768 | +82.7% |
| Taxes, remuneration and social security | 45 | €11,900 | €14,334 | +€2,434 | +20.5% |
| Taxes | 450/3 | €11,900 | €14,334 | +€2,434 | +20.5% |
| Other amounts payable | 47/48 | €9,180 | €6,926 | -€2,254 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,946 | €7,669 | -€278 | -3.5% |
| Other operating charges | 640/8 | €10,402 | €6,343 | -€4,059 | -39.0% |
| Gross operating margin | 9900 | €77,528 | €68,275 | -€9,253 | -11.9% |
| Operating profit (loss) | 9901 | €59,180 | €54,263 | -€4,917 | -8.3% |
| Financial income | 75/76B | €0 | €1 | +€0 | +358% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +358% |
| Financial charges | 65/66B | €134 | €1,191 | +€1,057 | +791% |
| Recurring financial charges | 65 | €134 | €1,191 | +€1,057 | +791% |
| Profit (loss) for the period before taxes | 9903 | €59,046 | €53,073 | -€5,973 | -10.1% |
| Income taxes | 67/77 | €17,900 | €25,434 | +€7,534 | +42.1% |
| Profit (loss) for the period | 9904 | €41,146 | €27,639 | -€13,508 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,146 | €27,639 | -€13,508 | -32.8% |
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 24 October 2026 via checked.be.