M*EM.: 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*EM.
Largest movements
- Cash -€67,528
down €67,528 (-64.6%), from €104,567 to €37,039
mainly Other debts (-€55,190) and Current portion of long-term debt (-€11,418)
- Receivables within one year +€10,332
up €10,332 (+83.6%), from €12,359 to €22,691
of which Other amounts receivable: +€6,006
- Other debts -€55,190
down €55,190 (-88.9%), from €62,113 to €6,923
- Current portion of long-term debt -€11,418
down €11,418 (-100%), from €11,418 to €0
- Reserves +€8,869
up €8,869 (+24.6%), from €36,037 to €44,906
- Trade debts -€1,818
down €1,818 (-45.5%), from €3,996 to €2,178
- Tax, wage and social debts +€1,451
up €1,451 (+90.4%), from €1,606 to €3,057
- Gross operating margin -€37,169
down €37,169 (-72.6%), from €51,223 to €14,054
- Taxes -€11,359
down €11,359 (-74.9%), from €15,169 to €3,810
- Financial income -€3,283
down €3,283 (-100.0%), from €3,283 to €0
of which Non-recurring financial income: -€3,283
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 | €122,161 | €64,089 | -€58,073 | -47.5% |
| Fixed assets | 21/28 | €747 | €676 | -€71 | -9.5% |
| Tangible fixed assets | 22/27 | €747 | €240 | -€507 | -67.8% |
| Furniture and vehicles | 24 | €747 | €240 | -€507 | -67.8% |
| Financial fixed assets | 28 | - | €436 | +€436 | |
| Current assets | 29/58 | €121,415 | €63,413 | -€58,002 | -47.8% |
| Amounts receivable within one year | 40/41 | €12,359 | €22,691 | +€10,332 | +83.6% |
| Trade receivables | 40 | €11,344 | €15,670 | +€4,325 | +38.1% |
| Other amounts receivable | 41 | €1,015 | €7,021 | +€6,006 | +592% |
| Cash at bank and in hand | 54/58 | €104,567 | €37,039 | -€67,528 | -64.6% |
| Deferred charges and accrued income | 490/1 | €4,488 | €3,683 | -€805 | -17.9% |
| Total equity and liabilities | 10/49 | €122,161 | €64,089 | -€58,073 | -47.5% |
| Equity | 10/15 | €42,237 | €51,106 | +€8,869 | +21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,037 | €44,906 | +€8,869 | +24.6% |
| Distributable reserves | 133 | €36,037 | €44,906 | +€8,869 | +24.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,924 | €12,983 | -€66,942 | -83.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €79,924 | €12,983 | -€66,942 | -83.8% |
| Current portion of amounts payable after more than one year | 42 | €11,418 | €0 | -€11,418 | -100% |
| Financial debts | 43 | €791 | €825 | +€34 | +4.3% |
| Credit institutions | 430/8 | €791 | €825 | +€34 | +4.3% |
| Trade debts | 44 | €3,996 | €2,178 | -€1,818 | -45.5% |
| Suppliers | 440/4 | €3,996 | €2,178 | -€1,818 | -45.5% |
| Taxes, remuneration and social security | 45 | €1,606 | €3,057 | +€1,451 | +90.4% |
| Taxes | 450/3 | €1,606 | €3,057 | +€1,451 | +90.4% |
| Other amounts payable | 47/48 | €62,113 | €6,923 | -€55,190 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €507 | = | 0.0% |
| Other operating charges | 640/8 | €839 | €646 | -€193 | -23.0% |
| Gross operating margin | 9900 | €51,223 | €14,054 | -€37,169 | -72.6% |
| Operating profit (loss) | 9901 | €49,878 | €12,902 | -€36,976 | -74.1% |
| Financial income | 75/76B | €3,283 | €0 | -€3,283 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Non-recurring financial income | 76B | €3,283 | €0 | -€3,283 | -100% |
| Financial charges | 65/66B | €517 | €223 | -€294 | -56.9% |
| Recurring financial charges | 65 | €517 | €223 | -€294 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €52,644 | €12,679 | -€39,965 | -75.9% |
| Income taxes | 67/77 | €15,169 | €3,810 | -€11,359 | -74.9% |
| Profit (loss) for the period | 9904 | €37,475 | €8,869 | -€28,606 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,475 | €8,869 | -€28,606 | -76.3% |
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.