M.E.K.: 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.K.
Largest movements
- Tangible fixed assets -€45,792
down €45,792 (-4.3%), from €1.1m to €1.0m
- Trade debts -€60,443
down €60,443 (-63.3%), from €95,475 to €35,032
- Reserves +€16,504
up €16,504 (+9.7%), from €170,920 to €187,424
of which Distributable reserves: +€15,678
- Gross operating margin -€80,606
down €80,606 (-50.6%), from €159,399 to €78,793
- Taxes -€19,735
down €19,735 (-76.7%), from €25,742 to €6,008
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 | €1,081,395 | €1,038,463 | -€42,932 | -4.0% |
| Fixed assets | 21/28 | €1,074,562 | €1,028,770 | -€45,792 | -4.3% |
| Tangible fixed assets | 22/27 | €1,074,562 | €1,028,770 | -€45,792 | -4.3% |
| Land and buildings | 22 | €1,074,562 | €1,028,770 | -€45,792 | -4.3% |
| Current assets | 29/58 | €6,833 | €9,693 | +€2,860 | +41.9% |
| Amounts receivable within one year | 40/41 | €4,258 | €4,258 | = | 0.0% |
| Other amounts receivable | 41 | €4,258 | €4,258 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,575 | €5,435 | +€2,860 | +111% |
| Total equity and liabilities | 10/49 | €1,081,395 | €1,038,463 | -€42,932 | -4.0% |
| Equity | 10/15 | €970,920 | €987,424 | +€16,504 | +1.7% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €170,920 | €187,424 | +€16,504 | +9.7% |
| Non-distributable reserves | 130/1 | €8,546 | €9,371 | +€825 | +9.7% |
| Reserves not available under the articles | 1311 | €8,546 | €9,371 | +€825 | +9.7% |
| Distributable reserves | 133 | €162,374 | €178,052 | +€15,678 | +9.7% |
| Amounts payable | 17/49 | €110,475 | €51,040 | -€59,436 | -53.8% |
| Amounts payable within one year | 42/48 | €110,475 | €51,040 | -€59,436 | -53.8% |
| Trade debts | 44 | €95,475 | €35,032 | -€60,443 | -63.3% |
| Suppliers | 440/4 | €95,475 | €35,032 | -€60,443 | -63.3% |
| Taxes, remuneration and social security | 45 | - | €6,008 | +€6,008 | |
| Taxes | 450/3 | - | €6,008 | +€6,008 | |
| Other amounts payable | 47/48 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,792 | €45,792 | = | 0.0% |
| Other operating charges | 640/8 | €10,059 | €10,245 | +€186 | +1.8% |
| Gross operating margin | 9900 | €159,399 | €78,793 | -€80,606 | -50.6% |
| Operating profit (loss) | 9901 | €103,548 | €22,756 | -€80,792 | -78.0% |
| Financial charges | 65/66B | €579 | €245 | -€334 | -57.7% |
| Recurring financial charges | 65 | €579 | €245 | -€334 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €102,969 | €22,511 | -€80,458 | -78.1% |
| Income taxes | 67/77 | €25,742 | €6,008 | -€19,735 | -76.7% |
| Profit (loss) for the period | 9904 | €77,227 | €16,504 | -€60,723 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,227 | €16,504 | -€60,723 | -78.6% |
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 14 October 2026 via checked.be.