M&E CONNECT: 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 CONNECT
Largest movements
- Receivables within one year -€8,309
down €8,309 (-100.0%), from €8,311 to €2
- Cash +€6,584
up €6,584 (+9300.0%), from €71 to €6,655
mainly Receivables within one year (+€8,309) and Other debts (+€2,000)
- Tangible fixed assets -€720
down €720 (-50.0%), from €1,440 to €720
of which Land and buildings: -€720
- Profit (loss) carried forward -€3,234
down €3,234 (-2.7%), from -€117,940 to -€121,174
- Other debts +€2,000
new in 2025: €2,000
- Trade debts -€1,210
down €1,210 (-100.0%), from €1,210 to €0
- Gross operating margin +€2,005
up €2,005 (+46.1%), from -€4,348 to -€2,344
- Financial charges -€47
down €47 (-52.1%), from €90 to €43
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 | €9,821 | €7,377 | -€2,444 | -24.9% |
| Fixed assets | 21/28 | €1,440 | €720 | -€720 | -50.0% |
| Tangible fixed assets | 22/27 | €1,440 | €720 | -€720 | -50.0% |
| Land and buildings | 22 | €1,440 | €720 | -€720 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €8,381 | €6,657 | -€1,724 | -20.6% |
| Amounts receivable within one year | 40/41 | €8,311 | €2 | -€8,309 | -100.0% |
| Other amounts receivable | 41 | €8,311 | €2 | -€8,309 | -100.0% |
| Cash at bank and in hand | 54/58 | €71 | €6,655 | +€6,584 | +9300.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €9,821 | €7,377 | -€2,444 | -24.9% |
| Equity | 10/15 | €8,611 | €5,377 | -€3,234 | -37.6% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €105,551 | €105,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,441 | €2,441 | = | 0.0% |
| Distributable reserves | 133 | €101,010 | €101,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,940 | -€121,174 | -€3,234 | -2.7% |
| Amounts payable | 17/49 | €1,210 | €2,000 | +€790 | +65.3% |
| Amounts payable within one year | 42/48 | €1,210 | €2,000 | +€790 | +65.3% |
| Trade debts | 44 | €1,210 | €0 | -€1,210 | -100.0% |
| Suppliers | 440/4 | €1,210 | €0 | -€1,210 | -100.0% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €720 | = | 0.0% |
| Other operating charges | 640/8 | €164 | €128 | -€36 | -22.0% |
| Gross operating margin | 9900 | -€4,348 | -€2,344 | +€2,005 | +46.1% |
| Operating profit (loss) | 9901 | -€5,232 | -€3,191 | +€2,041 | +39.0% |
| Financial charges | 65/66B | €90 | €43 | -€47 | -52.1% |
| Recurring financial charges | 65 | €90 | €43 | -€47 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,322 | -€3,234 | +€2,087 | +39.2% |
| Profit (loss) for the period | 9904 | -€5,322 | -€3,234 | +€2,087 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,322 | -€3,234 | +€2,087 | +39.2% |
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 9 October 2026 via checked.be.