ME²: 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.
ME²
Largest movements
- Receivables within one year -€6,731
down €6,731 (-19.8%), from €33,937 to €27,206
of which Other amounts receivable: -€5,461
- Cash -€2,145
down €2,145 (-48.3%), from €4,439 to €2,293
mainly Net result for the year (-€8,075) and Investment in fixed assets (net) (-€3,777)
- Deferred charges and accrued income -€1,085
down €1,085 (-22.5%), from €4,817 to €3,733
- Profit (loss) carried forward -€8,075
down €8,075 (-31.9%), from -€25,330 to -€33,404
- Trade debts -€3,030
down €3,030 (-18.9%), from €16,063 to €13,033
- Tax, wage and social debts +€1,029
up €1,029 (+5.1%), from €20,099 to €21,128
of which Taxes: +€4,376
- Gross operating margin +€35,358
up €35,358 (+36.9%), from €95,794 to €131,151
- Staff costs +€19,898
up €19,898 (+18.2%), from €109,168 to €129,066
- Other operating charges -€2,494
down €2,494 (-51.4%), from €4,851 to €2,357
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 | €54,286 | €44,210 | -€10,076 | -18.6% |
| Fixed assets | 21/28 | €11,093 | €10,977 | -€115 | -1.0% |
| Tangible fixed assets | 22/27 | €10,643 | €10,527 | -€115 | -1.1% |
| Plant, machinery and equipment | 23 | €2,363 | €1,826 | -€537 | -22.7% |
| Furniture and vehicles | 24 | €6,186 | €3,480 | -€2,706 | -43.7% |
| Leasing and similar rights | 25 | €775 | €505 | -€270 | -34.9% |
| Other tangible fixed assets | 26 | €1,319 | €4,717 | +€3,398 | +257.6% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €43,193 | €33,232 | -€9,961 | -23.1% |
| Amounts receivable within one year | 40/41 | €33,937 | €27,206 | -€6,731 | -19.8% |
| Trade receivables | 40 | €17,702 | €16,433 | -€1,270 | -7.2% |
| Other amounts receivable | 41 | €16,235 | €10,773 | -€5,461 | -33.6% |
| Cash at bank and in hand | 54/58 | €4,439 | €2,293 | -€2,145 | -48.3% |
| Deferred charges and accrued income | 490/1 | €4,817 | €3,733 | -€1,085 | -22.5% |
| Total equity and liabilities | 10/49 | €54,286 | €44,210 | -€10,076 | -18.6% |
| Equity | 10/15 | €18,123 | €10,049 | -€8,075 | -44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,253 | €37,253 | = | 0.0% |
| Distributable reserves | 133 | €37,253 | €37,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,330 | -€33,404 | -€8,075 | -31.9% |
| Amounts payable | 17/49 | €36,163 | €34,161 | -€2,001 | -5.5% |
| Amounts payable within one year | 42/48 | €36,163 | €34,161 | -€2,001 | -5.5% |
| Trade debts | 44 | €16,063 | €13,033 | -€3,030 | -18.9% |
| Suppliers | 440/4 | €16,063 | €13,033 | -€3,030 | -18.9% |
| Taxes, remuneration and social security | 45 | €20,099 | €21,128 | +€1,029 | +5.1% |
| Taxes | 450/3 | €5,564 | €9,941 | +€4,376 | +78.6% |
| Remuneration and social security | 454/9 | €14,535 | €11,187 | -€3,347 | -23.0% |
| Remuneration, social security and pensions | 62 | €109,168 | €129,066 | +€19,898 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,644 | €3,892 | +€249 | +6.8% |
| Other operating charges | 640/8 | €4,851 | €2,357 | -€2,494 | -51.4% |
| Gross operating margin | 9900 | €95,794 | €131,151 | +€35,358 | +36.9% |
| Operating profit (loss) | 9901 | -€21,869 | -€4,164 | +€17,705 | +81.0% |
| Financial income | 75/76B | €211 | €21 | -€189 | -89.8% |
| Recurring financial income | 75 | €211 | €21 | -€189 | -89.8% |
| Financial charges | 65/66B | €3,365 | €3,627 | +€263 | +7.8% |
| Recurring financial charges | 65 | €3,365 | €3,627 | +€263 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,023 | -€7,770 | +€17,253 | +68.9% |
| Income taxes | 67/77 | €307 | €304 | -€3 | -0.9% |
| Profit (loss) for the period | 9904 | -€25,330 | -€8,075 | +€17,255 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,330 | -€8,075 | +€17,255 | +68.1% |
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 10 October 2026 via checked.be.