ME-advise: 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.
ME-advise
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€301,395
down €301,395 (-79.6%), from €378,623 to €77,227
mainly Contributions, distributions and other (-€596,647) and Current investments (-€350,000)
- Financial fixed assets +€122,880
up €122,880 (+29.1%), from €422,223 to €545,103
- Profit (loss) carried forward -€596,647
down €596,647 (-100%), from €596,647 to €0
- Other debts +€455,933
up €455,933 (+332%), from €137,132 to €593,065
- Reserves +€338,171
new in 2025: €338,171
- Debts after one year -€54,832
down €54,832 (-93.9%), from €58,380 to €3,548
of which Financial debts: -€40,640
- Tax, wage and social debts +€42,528
up €42,528 (+324%), from €13,134 to €55,662
- Financial income +€214,860
up €214,860 (+8,508%), from €2,525 to €217,386
- Taxes +€40,096
up €40,096 (+83.5%), from €47,996 to €88,092
- Gross operating margin +€19,267
up €19,267 (+9.9%), from €193,718 to €212,985
- Other operating charges -€2,660
down €2,660 (-76.6%), from €3,472 to €811
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 | €847,610 | €1,033,773 | +€186,163 | +22.0% |
| Fixed assets | 21/28 | €422,372 | €550,115 | +€127,743 | +30.2% |
| Tangible fixed assets | 22/27 | €148 | €5,011 | +€4,863 | +3,275% |
| Furniture and vehicles | 24 | €148 | €5,011 | +€4,863 | +3,275% |
| Financial fixed assets | 28 | €422,223 | €545,103 | +€122,880 | +29.1% |
| Current assets | 29/58 | €425,238 | €483,658 | +€58,420 | +13.7% |
| Amounts receivable within one year | 40/41 | €43,560 | €53,750 | +€10,190 | +23.4% |
| Trade receivables | 40 | €15,660 | €15,730 | +€70 | +0.5% |
| Other amounts receivable | 41 | €27,900 | €38,020 | +€10,120 | +36.3% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €378,623 | €77,227 | -€301,395 | -79.6% |
| Deferred charges and accrued income | 490/1 | €3,056 | €2,681 | -€376 | -12.3% |
| Total equity and liabilities | 10/49 | €847,610 | €1,033,773 | +€186,163 | +22.0% |
| Equity | 10/15 | €598,647 | €340,171 | -€258,476 | -43.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €338,171 | +€338,171 | |
| Distributable reserves | 133 | - | €338,171 | +€338,171 | |
| Profit (loss) carried forward | 14 | €596,647 | €0 | -€596,647 | -100% |
| Amounts payable | 17/49 | €248,963 | €693,602 | +€444,639 | +179% |
| Amounts payable after more than one year | 17 | €58,380 | €3,548 | -€54,832 | -93.9% |
| Financial debts | 170/4 | €40,640 | €0 | -€40,640 | -100% |
| Other amounts payable | 178/9 | €17,740 | €3,548 | -€14,192 | -80.0% |
| Amounts payable within one year | 42/48 | €190,583 | €690,054 | +€499,471 | +262% |
| Current portion of amounts payable after more than one year | 42 | €40,317 | €40,640 | +€323 | +0.8% |
| Trade debts | 44 | - | €687 | +€687 | |
| Suppliers | 440/4 | - | €687 | +€687 | |
| Taxes, remuneration and social security | 45 | €13,134 | €55,662 | +€42,528 | +324% |
| Taxes | 450/3 | €13,134 | €55,662 | +€42,528 | +324% |
| Other amounts payable | 47/48 | €137,132 | €593,065 | +€455,933 | +332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €1,166 | +€648 | +125% |
| Other operating charges | 640/8 | €3,472 | €811 | -€2,660 | -76.6% |
| Gross operating margin | 9900 | €193,718 | €212,985 | +€19,267 | +9.9% |
| Operating profit (loss) | 9901 | €189,729 | €211,008 | +€21,279 | +11.2% |
| Financial income | 75/76B | €2,525 | €217,386 | +€214,860 | +8,508% |
| Recurring financial income | 75 | €2,525 | €217,386 | +€214,860 | +8,508% |
| Financial charges | 65/66B | €2,455 | €2,132 | -€323 | -13.2% |
| Recurring financial charges | 65 | €2,455 | €2,132 | -€323 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €189,799 | €426,262 | +€236,463 | +125% |
| Income taxes | 67/77 | €47,996 | €88,092 | +€40,096 | +83.5% |
| Profit (loss) for the period | 9904 | €141,803 | €338,171 | +€196,368 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €141,803 | €338,171 | +€196,368 | +138% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.