M & E Style: 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 Style
Largest movements
- Cash -€21,008
down €21,008 (-72.6%), from €28,935 to €7,927
mainly Contributions, distributions and other (-€24,589) and Receivables within one year (-€14,260)
- Receivables within one year +€14,260
new in 2025: €14,260
- Tangible fixed assets +€5,000
up €5,000 (+5.8%), from €85,527 to €90,527
- Reserves -€20,552
down €20,552 (-31.7%), from €64,886 to €44,334
of which Distributable reserves: -€20,552
- Other debts +€17,925
up €17,925 (+63.5%), from €28,234 to €46,159
- Trade debts +€1,175
up €1,175 (+474%), from €248 to €1,423
- Gross operating margin +€11,462
up €11,462, from -€5,125 to €6,338
- Financial charges -€570
down €570 (-79.2%), from €719 to €149
- Other operating charges +€133
up €133 (+6.9%), from €1,920 to €2,053
- Taxes +€98
up €98, from €0 to €98
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 | €115,310 | €112,714 | -€2,596 | -2.3% |
| Fixed assets | 21/28 | €85,527 | €90,527 | +€5,000 | +5.8% |
| Tangible fixed assets | 22/27 | €85,527 | €90,527 | +€5,000 | +5.8% |
| Land and buildings | 22 | €85,527 | €90,527 | +€5,000 | +5.8% |
| Current assets | 29/58 | €29,783 | €22,187 | -€7,596 | -25.5% |
| Stocks and contracts in progress | 3 | €848 | €0 | -€848 | -100% |
| Stocks | 30/36 | €848 | €0 | -€848 | -100% |
| Amounts receivable within one year | 40/41 | - | €14,260 | +€14,260 | |
| Trade receivables | 40 | - | €14,260 | +€14,260 | |
| Cash at bank and in hand | 54/58 | €28,935 | €7,927 | -€21,008 | -72.6% |
| Total equity and liabilities | 10/49 | €115,310 | €112,714 | -€2,596 | -2.3% |
| Equity | 10/15 | €83,478 | €62,926 | -€20,552 | -24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €64,886 | €44,334 | -€20,552 | -31.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €63,027 | €42,475 | -€20,552 | -32.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,832 | €49,787 | +€17,956 | +56.4% |
| Amounts payable within one year | 42/48 | €31,832 | €49,787 | +€17,956 | +56.4% |
| Trade debts | 44 | €248 | €1,423 | +€1,175 | +474% |
| Suppliers | 440/4 | €248 | €1,423 | +€1,175 | +474% |
| Taxes, remuneration and social security | 45 | €3,350 | €2,206 | -€1,144 | -34.2% |
| Taxes | 450/3 | €2,000 | €2,206 | +€206 | +10.3% |
| Remuneration and social security | 454/9 | €1,350 | €0 | -€1,350 | -100% |
| Other amounts payable | 47/48 | €28,234 | €46,159 | +€17,925 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,920 | €2,053 | +€133 | +6.9% |
| Gross operating margin | 9900 | -€5,125 | €6,338 | +€11,462 | |
| Operating profit (loss) | 9901 | -€7,045 | €4,285 | +€11,330 | |
| Financial charges | 65/66B | €719 | €149 | -€570 | -79.2% |
| Recurring financial charges | 65 | €719 | €149 | -€570 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,765 | €4,135 | +€11,900 | |
| Income taxes | 67/77 | €0 | €98 | +€98 | |
| Profit (loss) for the period | 9904 | -€7,765 | €4,037 | +€11,801 | |
| Transfer from tax-exempt reserves | 789 | €3,645 | €0 | -€3,645 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,119 | €4,037 | +€8,156 |
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 17 October 2026 via checked.be.