M&E BROTHERS: 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.
M&E BROTHERS
Largest movements
- Stocks and contracts +€24,935
new in 2024: €24,935
- Receivables within one year -€4,852
no longer reported in 2024 (was €4,852)
of which Trade receivables: -€3,078
- Tangible fixed assets +€4,588
up €4,588 (+38.4%), from €11,947 to €16,535
- Cash -€2,383
down €2,383 (-58.6%), from €4,064 to €1,681
mainly Stocks and contracts (-€24,935) and Investment in fixed assets (net) (-€9,750)
- Profit (loss) carried forward +€11,880
up €11,880 (+25.5%), from -€46,527 to -€34,647
- Debts after one year +€6,000
up €6,000 (+54.3%), from €11,050 to €17,050
- Other debts +€4,338
up €4,338 (+133.2%), from €3,256 to €7,595
- Tax, wage and social debts +€717
up €717 (+23.7%), from €3,032 to €3,749
- Trade debts -€598
down €598 (-1.9%), from €31,558 to €30,960
- Gross operating margin +€35,718
up €35,718, from -€18,489 to €17,228
- Depreciation +€3,470
up €3,470 (+205.1%), from €1,692 to €5,162
- Financial charges -€376
down €376 (-83.7%), from €450 to €74
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.
Cash bridge derived
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 | €20,969 | €43,306 | +€22,337 | +106.5% |
| Fixed assets | 21/28 | €11,947 | €16,535 | +€4,588 | +38.4% |
| Tangible fixed assets | 22/27 | €11,947 | €16,535 | +€4,588 | +38.4% |
| Furniture and vehicles | 24 | €11,947 | €16,535 | +€4,588 | +38.4% |
| Current assets | 29/58 | €9,023 | €26,771 | +€17,749 | +196.7% |
| Stocks and contracts in progress | 3 | - | €24,935 | +€24,935 | |
| Contracts in progress | 37 | - | €24,935 | +€24,935 | |
| Amounts receivable within one year | 40/41 | €4,852 | - | -€4,852 | |
| Trade receivables | 40 | €3,078 | - | -€3,078 | |
| Other amounts receivable | 41 | €1,774 | - | -€1,774 | |
| Cash at bank and in hand | 54/58 | €4,064 | €1,681 | -€2,383 | -58.6% |
| Deferred charges and accrued income | 490/1 | €107 | €155 | +€47 | +44.1% |
| Total equity and liabilities | 10/49 | €20,969 | €43,306 | +€22,337 | +106.5% |
| Equity | 10/15 | -€27,927 | -€16,047 | +€11,880 | +42.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,527 | -€34,647 | +€11,880 | +25.5% |
| Amounts payable | 17/49 | €48,896 | €59,353 | +€10,457 | +21.4% |
| Amounts payable after more than one year | 17 | €11,050 | €17,050 | +€6,000 | +54.3% |
| Other amounts payable | 178/9 | €11,050 | €17,050 | +€6,000 | +54.3% |
| Amounts payable within one year | 42/48 | €37,846 | €42,303 | +€4,457 | +11.8% |
| Trade debts | 44 | €31,558 | €30,960 | -€598 | -1.9% |
| Suppliers | 440/4 | €31,558 | €30,960 | -€598 | -1.9% |
| Taxes, remuneration and social security | 45 | €3,032 | €3,749 | +€717 | +23.7% |
| Taxes | 450/3 | €3,032 | €3,749 | +€717 | +23.7% |
| Other amounts payable | 47/48 | €3,256 | €7,595 | +€4,338 | +133.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,692 | €5,162 | +€3,470 | +205.1% |
| Other operating charges | 640/8 | €261 | €138 | -€123 | -47.1% |
| Gross operating margin | 9900 | -€18,489 | €17,228 | +€35,718 | |
| Operating profit (loss) | 9901 | -€20,443 | €11,928 | +€32,371 | |
| Financial income | 75/76B | €1 | €25 | +€24 | +1985.0% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +1985.0% |
| Financial charges | 65/66B | €450 | €74 | -€376 | -83.7% |
| Recurring financial charges | 65 | €450 | €74 | -€376 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,891 | €11,880 | +€32,771 | |
| Profit (loss) for the period | 9904 | -€20,891 | €11,880 | +€32,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,891 | €11,880 | +€32,771 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.