M.E.I.: 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.I.
Largest movements
- Cash +€185,825
up €185,825 (+3,440%), from €5,402 to €191,226
mainly Receivables within one year (+€166,174) and Net result for the year (+€89,431)
- Receivables within one year -€166,174
down €166,174 (-89.6%), from €185,512 to €19,338
of which Trade receivables: -€164,940
- Current investments -€81,912
down €81,912 (-29.1%), from €281,912 to €200,000
- Tangible fixed assets +€41,570
up €41,570 (+242%), from €17,202 to €58,771
- Trade debts -€107,433
down €107,433 (-99.8%), from €107,651 to €218
- Reserves +€89,431
up €89,431 (+28.7%), from €311,643 to €401,075
of which Distributable reserves: +€89,431
- Purchases and services -€229,451
down €229,451 (-59.2%), from €387,493 to €158,042
- Depreciation -€4,306
down €4,306 (-45.2%), from €9,534 to €5,228
- Gross operating margin +€3,625
up €3,625 (+2.7%), from €132,806 to €136,431
- Other operating charges +€3,057
up €3,057 (+442%), from €691 to €3,748
- Financial income -€2,124
down €2,124 (-27.2%), from €7,811 to €5,687
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 | €491,758 | €473,673 | -€18,085 | -3.7% |
| Fixed assets | 21/28 | €17,322 | €58,891 | +€41,570 | +240% |
| Tangible fixed assets | 22/27 | €17,202 | €58,771 | +€41,570 | +242% |
| Furniture and vehicles | 24 | €17,202 | €58,771 | +€41,570 | +242% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €474,436 | €414,782 | -€59,654 | -12.6% |
| Amounts receivable within one year | 40/41 | €185,512 | €19,338 | -€166,174 | -89.6% |
| Trade receivables | 40 | €173,310 | €8,370 | -€164,940 | -95.2% |
| Other amounts receivable | 41 | €12,202 | €10,968 | -€1,234 | -10.1% |
| Current investments | 50/53 | €281,912 | €200,000 | -€81,912 | -29.1% |
| Cash at bank and in hand | 54/58 | €5,402 | €191,226 | +€185,825 | +3,440% |
| Deferred charges and accrued income | 490/1 | €1,611 | €4,218 | +€2,607 | +162% |
| Total equity and liabilities | 10/49 | €491,758 | €473,673 | -€18,085 | -3.7% |
| Equity | 10/15 | €379,097 | €468,529 | +€89,431 | +23.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €311,643 | €401,075 | +€89,431 | +28.7% |
| Non-distributable reserves | 130/1 | €20,223 | €20,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,223 | €20,223 | = | 0.0% |
| Distributable reserves | 133 | €291,421 | €380,852 | +€89,431 | +30.7% |
| Profit (loss) carried forward | 14 | €61,257 | €61,257 | = | 0.0% |
| Amounts payable | 17/49 | €112,660 | €5,144 | -€107,516 | -95.4% |
| Amounts payable within one year | 42/48 | €112,563 | €5,144 | -€107,418 | -95.4% |
| Trade debts | 44 | €107,651 | €218 | -€107,433 | -99.8% |
| Suppliers | 440/4 | €107,651 | €218 | -€107,433 | -99.8% |
| Taxes, remuneration and social security | 45 | €4,455 | €4,469 | +€14 | +0.3% |
| Taxes | 450/3 | €4,455 | €4,469 | +€14 | +0.3% |
| Other amounts payable | 47/48 | €456 | €456 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €98 | €0 | -€98 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €387,493 | €158,042 | -€229,451 | -59.2% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,534 | €5,228 | -€4,306 | -45.2% |
| Other operating charges | 640/8 | €691 | €3,748 | +€3,057 | +442% |
| Gross operating margin | 9900 | €132,806 | €136,431 | +€3,625 | +2.7% |
| Operating profit (loss) | 9901 | €122,581 | €127,455 | +€4,874 | +4.0% |
| Financial income | 75/76B | €7,811 | €5,687 | -€2,124 | -27.2% |
| Recurring financial income | 75 | €7,811 | €5,687 | -€2,124 | -27.2% |
| Financial charges | 65/66B | €31 | €66 | +€35 | +112% |
| Recurring financial charges | 65 | €31 | €66 | +€35 | +112% |
| Profit (loss) for the period before taxes | 9903 | €130,361 | €133,076 | +€2,714 | +2.1% |
| Income taxes | 67/77 | €42,511 | €43,645 | +€1,134 | +2.7% |
| Profit (loss) for the period | 9904 | €87,851 | €89,431 | +€1,580 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,851 | €89,431 | +€1,580 | +1.8% |
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 28 October 2026 via checked.be.