EL MEIDA: 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.
EL MEIDA
Largest movements
- Cash -€36,609
down €36,609 (-58.4%), from €62,660 to €26,051
mainly Receivables within one year (-€20,822) and Tax, wage and social debts (-€19,312)
- Receivables within one year +€20,822
up €20,822 (+762%), from €2,733 to €23,555
of which Other amounts receivable: +€16,443
- Tangible fixed assets -€17,078
down €17,078 (-23.5%), from €72,553 to €55,475
of which Furniture and vehicles: -€10,602
- Stocks and contracts -€3,070
no longer reported in 2024 (was €3,070)
- Tax, wage and social debts -€19,312
down €19,312 (-78.3%), from €24,659 to €5,347
of which Taxes: -€10,802
- Current portion of long-term debt -€15,992
down €15,992 (-98.3%), from €16,263 to €271
- Trade debts -€15,320
down €15,320 (-97.2%), from €15,761 to €441
- Reserves +€11,861
up €11,861 (+18.5%), from €64,261 to €76,122
of which Distributable reserves: +€11,861
- Provisions +€4,300
new in 2024: €4,300
- Gross operating margin -€93,408
down €93,408 (-68.5%), from €136,431 to €43,023
- Staff costs -€81,503
no longer reported in 2024 (was €81,503)
- Provisions +€4,300
new in 2024: €4,300
- Other operating charges -€2,852
down €2,852 (-77.4%), from €3,684 to €832
- Financial charges -€1,849
down €1,849 (-51.8%), from €3,568 to €1,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,016 | €105,081 | -€35,935 | -25.5% |
| Fixed assets | 21/28 | €72,553 | €55,475 | -€17,078 | -23.5% |
| Tangible fixed assets | 22/27 | €72,553 | €55,475 | -€17,078 | -23.5% |
| Plant, machinery and equipment | 23 | €1,813 | €4,954 | +€3,141 | +173% |
| Furniture and vehicles | 24 | €25,383 | €14,781 | -€10,602 | -41.8% |
| Other tangible fixed assets | 26 | €45,357 | €35,740 | -€9,617 | -21.2% |
| Current assets | 29/58 | €68,463 | €49,606 | -€18,857 | -27.5% |
| Stocks and contracts in progress | 3 | €3,070 | - | -€3,070 | |
| Stocks | 30/36 | €3,070 | - | -€3,070 | |
| Amounts receivable within one year | 40/41 | €2,733 | €23,555 | +€20,822 | +762% |
| Trade receivables | 40 | - | €4,379 | +€4,379 | |
| Other amounts receivable | 41 | €2,733 | €19,176 | +€16,443 | +602% |
| Cash at bank and in hand | 54/58 | €62,660 | €26,051 | -€36,609 | -58.4% |
| Total equity and liabilities | 10/49 | €141,016 | €105,081 | -€35,935 | -25.5% |
| Equity | 10/15 | €82,861 | €94,722 | +€11,861 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,261 | €76,122 | +€11,861 | +18.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,401 | €74,262 | +€11,861 | +19.0% |
| Provisions and deferred taxes | 16 | - | €4,300 | +€4,300 | |
| Provisions for liabilities and charges | 160/5 | - | €4,300 | +€4,300 | |
| Other liabilities and charges | 164/5 | - | €4,300 | +€4,300 | |
| Amounts payable | 17/49 | €58,155 | €6,059 | -€52,096 | -89.6% |
| Amounts payable within one year | 42/48 | €56,683 | €6,059 | -€50,624 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €16,263 | €271 | -€15,992 | -98.3% |
| Trade debts | 44 | €15,761 | €441 | -€15,320 | -97.2% |
| Suppliers | 440/4 | €15,761 | €441 | -€15,320 | -97.2% |
| Taxes, remuneration and social security | 45 | €24,659 | €5,347 | -€19,312 | -78.3% |
| Taxes | 450/3 | €15,897 | €5,095 | -€10,802 | -67.9% |
| Remuneration and social security | 454/9 | €8,762 | €252 | -€8,510 | -97.1% |
| Accrued charges and deferred income | 492/3 | €1,472 | - | -€1,472 | |
| Remuneration, social security and pensions | 62 | €81,503 | - | -€81,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,080 | €17,080 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,300 | +€4,300 | |
| Other operating charges | 640/8 | €3,684 | €832 | -€2,852 | -77.4% |
| Gross operating margin | 9900 | €136,431 | €43,023 | -€93,408 | -68.5% |
| Operating profit (loss) | 9901 | €34,164 | €20,811 | -€13,353 | -39.1% |
| Financial charges | 65/66B | €3,568 | €1,719 | -€1,849 | -51.8% |
| Recurring financial charges | 65 | €3,568 | €1,719 | -€1,849 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €30,596 | €19,092 | -€11,504 | -37.6% |
| Income taxes | 67/77 | €8,274 | €7,231 | -€1,043 | -12.6% |
| Profit (loss) for the period | 9904 | €22,322 | €11,861 | -€10,461 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,322 | €11,861 | -€10,461 | -46.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.