M.E.G.C.: 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.G.C.
Largest movements
- Tangible fixed assets -€3,812
down €3,812 (-1.6%), from €231,677 to €227,865
of which Land and buildings: -€3,081
- Debts after one year -€13,438
down €13,438 (-23.9%), from €56,242 to €42,804
of which Financial debts: -€13,438
- Profit (loss) carried forward +€7,372
up €7,372 (+285.2%), from €2,585 to €9,956
- Taxes +€2,487
up €2,487 (+2771.8%), from €90 to €2,577
- Gross operating margin +€795
up €795 (+3.5%), from €22,575 to €23,370
- Depreciation +€402
up €402 (+3.5%), from €11,531 to €11,933
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 | €274,317 | €271,914 | -€2,403 | -0.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €231,677 | €227,865 | -€3,812 | -1.6% |
| Tangible fixed assets | 22/27 | €231,677 | €227,865 | -€3,812 | -1.6% |
| Land and buildings | 22 | €230,127 | €227,046 | -€3,081 | -1.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,550 | €819 | -€731 | -47.2% |
| Current assets | 29/58 | €42,641 | €44,049 | +€1,409 | +3.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,591 | €44,049 | +€1,458 | +3.4% |
| Deferred charges and accrued income | 490/1 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €274,317 | €271,914 | -€2,403 | -0.9% |
| Equity | 10/15 | €104,221 | €111,592 | +€7,372 | +7.1% |
| Contributions | 10/11 | €101,636 | €101,636 | = | 0.0% |
| Capital | 10 | €101,636 | €101,636 | = | 0.0% |
| Issued capital | 100 | €101,636 | €101,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,585 | €9,956 | +€7,372 | +285.2% |
| Amounts payable | 17/49 | €170,097 | €160,322 | -€9,775 | -5.7% |
| Amounts payable after more than one year | 17 | €56,242 | €42,804 | -€13,438 | -23.9% |
| Financial debts | 170/4 | €48,062 | €34,624 | -€13,438 | -28.0% |
| Other amounts payable | 178/9 | €8,180 | €8,180 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,854 | €117,518 | +€3,664 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €13,209 | €13,438 | +€229 | +1.7% |
| Trade debts | 44 | €1,876 | €1,694 | -€182 | -9.7% |
| Suppliers | 440/4 | €1,876 | €1,694 | -€182 | -9.7% |
| Taxes, remuneration and social security | 45 | €90 | €2,810 | +€2,720 | +3031.2% |
| Taxes | 450/3 | €90 | €2,810 | +€2,720 | +3031.2% |
| Other amounts payable | 47/48 | €98,680 | €99,576 | +€896 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,531 | €11,933 | +€402 | +3.5% |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €22,575 | €23,370 | +€795 | +3.5% |
| Operating profit (loss) | 9901 | €10,824 | €11,217 | +€393 | +3.6% |
| Financial charges | 65/66B | €1,289 | €1,125 | -€164 | -12.7% |
| Recurring financial charges | 65 | €1,289 | €1,125 | -€164 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €9,534 | €10,092 | +€557 | +5.8% |
| Income taxes | 67/77 | €90 | €2,577 | +€2,487 | +2771.8% |
| Profit (loss) for the period | 9904 | €9,444 | €7,515 | -€1,930 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,444 | €7,515 | -€1,930 | -20.4% |
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 9 October 2026 via checked.be.