M.E.M Construct: 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.M Construct
Largest movements
- Cash -€20,146
down €20,146 (-99.8%), from €20,193 to €47
mainly Receivables within one year (-€15,309) and Stocks and contracts (-€12,000)
- Receivables within one year +€15,309
up €15,309 (+38.2%), from €40,082 to €55,391
of which Trade receivables: +€15,186
- Stocks and contracts +€12,000
new in 2025: €12,000
- Tangible fixed assets +€752
new in 2025: €752
- Profit (loss) carried forward +€7,993
up €7,993 (+17.0%), from €47,061 to €55,054
- Gross operating margin -€7,821
down €7,821 (-45.6%), from €17,158 to €9,337
- Taxes -€962
no longer reported in 2025 (was €962)
- Other operating charges -€202
down €202 (-13.5%), from €1,501 to €1,299
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 | €60,275 | €68,190 | +€7,915 | +13.1% |
| Fixed assets | 21/28 | - | €752 | +€752 | |
| Tangible fixed assets | 22/27 | - | €752 | +€752 | |
| Plant, machinery and equipment | 23 | - | €752 | +€752 | |
| Current assets | 29/58 | €60,275 | €67,438 | +€7,163 | +11.9% |
| Stocks and contracts in progress | 3 | - | €12,000 | +€12,000 | |
| Contracts in progress | 37 | - | €12,000 | +€12,000 | |
| Amounts receivable within one year | 40/41 | €40,082 | €55,391 | +€15,309 | +38.2% |
| Trade receivables | 40 | €39,764 | €54,950 | +€15,186 | +38.2% |
| Other amounts receivable | 41 | €318 | €441 | +€122 | +38.4% |
| Cash at bank and in hand | 54/58 | €20,193 | €47 | -€20,146 | -99.8% |
| Total equity and liabilities | 10/49 | €60,275 | €68,190 | +€7,915 | +13.1% |
| Equity | 10/15 | €59,461 | €67,454 | +€7,993 | +13.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €47,061 | €55,054 | +€7,993 | +17.0% |
| Amounts payable | 17/49 | €814 | €736 | -€78 | -9.6% |
| Amounts payable within one year | 42/48 | €814 | €736 | -€78 | -9.6% |
| Trade debts | 44 | €814 | €736 | -€78 | -9.6% |
| Suppliers | 440/4 | €814 | €736 | -€78 | -9.6% |
| Other operating charges | 640/8 | €1,501 | €1,299 | -€202 | -13.5% |
| Gross operating margin | 9900 | €17,158 | €9,337 | -€7,821 | -45.6% |
| Operating profit (loss) | 9901 | €15,657 | €8,038 | -€7,619 | -48.7% |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €15,657 | €7,993 | -€7,664 | -48.9% |
| Income taxes | 67/77 | €962 | - | -€962 | |
| Profit (loss) for the period | 9904 | €14,695 | €7,993 | -€6,701 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,695 | €7,993 | -€6,701 | -45.6% |
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 5 October 2026 via checked.be.