ME finances: 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 finances
Largest movements
- Receivables within one year -€25,898
down €25,898 (-22.3%), from €116,051 to €90,154
of which Other amounts receivable: -€15,059
- Cash +€17,240
up €17,240 (+1,287%), from €1,339 to €18,580
mainly Receivables within one year (+€25,898) and Other debts (+€14,106)
- Tangible fixed assets +€14,613
up €14,613 (+229%), from €6,386 to €20,999
of which Furniture and vehicles: +€15,464
- Other debts +€14,106
up €14,106 (+301%), from €4,686 to €18,792
- Short-term financial debts -€7,235
down €7,235 (-67.0%), from €10,791 to €3,556
- Trade debts -€3,424
down €3,424 (-79.1%), from €4,327 to €903
- Profit (loss) carried forward +€2,680
up €2,680 (+3.4%), from €79,764 to €82,444
- Gross operating margin +€33,581
up €33,581, from -€20,487 to €13,094
- Other operating charges +€4,557
up €4,557 (+2,146%), from €212 to €4,770
- Staff costs -€1,064
no longer reported in 2025 (was €1,064)
- Depreciation +€881
up €881 (+49.4%), from €1,786 to €2,667
- Financial charges -€500
down €500 (-58.2%), from €859 to €359
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 | €124,676 | €130,632 | +€5,956 | +4.8% |
| Fixed assets | 21/28 | €7,286 | €21,899 | +€14,613 | +201% |
| Tangible fixed assets | 22/27 | €6,386 | €20,999 | +€14,613 | +229% |
| Plant, machinery and equipment | 23 | €1,159 | €309 | -€851 | -73.4% |
| Furniture and vehicles | 24 | €5,226 | €20,691 | +€15,464 | +296% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €117,391 | €108,733 | -€8,657 | -7.4% |
| Amounts receivable within one year | 40/41 | €116,051 | €90,154 | -€25,898 | -22.3% |
| Trade receivables | 40 | €10,959 | €121 | -€10,838 | -98.9% |
| Other amounts receivable | 41 | €105,092 | €90,033 | -€15,059 | -14.3% |
| Cash at bank and in hand | 54/58 | €1,339 | €18,580 | +€17,240 | +1,287% |
| Total equity and liabilities | 10/49 | €124,676 | €130,632 | +€5,956 | +4.8% |
| Equity | 10/15 | €94,024 | €96,704 | +€2,680 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,764 | €82,444 | +€2,680 | +3.4% |
| Amounts payable | 17/49 | €30,652 | €33,929 | +€3,276 | +10.7% |
| Amounts payable within one year | 42/48 | €30,652 | €33,929 | +€3,276 | +10.7% |
| Financial debts | 43 | €10,791 | €3,556 | -€7,235 | -67.0% |
| Credit institutions | 430/8 | €10,791 | €3,556 | -€7,235 | -67.0% |
| Trade debts | 44 | €4,327 | €903 | -€3,424 | -79.1% |
| Suppliers | 440/4 | €4,327 | €903 | -€3,424 | -79.1% |
| Taxes, remuneration and social security | 45 | €10,848 | €10,677 | -€171 | -1.6% |
| Taxes | 450/3 | - | €220 | +€220 | |
| Remuneration and social security | 454/9 | €10,848 | €10,457 | -€391 | -3.6% |
| Other amounts payable | 47/48 | €4,686 | €18,792 | +€14,106 | +301% |
| Remuneration, social security and pensions | 62 | €1,064 | - | -€1,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,786 | €2,667 | +€881 | +49.4% |
| Other operating charges | 640/8 | €212 | €4,770 | +€4,557 | +2,146% |
| Non-recurring operating charges | 66A | - | €2,651 | +€2,651 | |
| Gross operating margin | 9900 | -€20,487 | €13,094 | +€33,581 | |
| Operating profit (loss) | 9901 | -€23,549 | €3,006 | +€26,555 | |
| Financial charges | 65/66B | €859 | €359 | -€500 | -58.2% |
| Recurring financial charges | 65 | €859 | €359 | -€500 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,408 | €2,647 | +€27,055 | |
| Income taxes | 67/77 | - | -€33 | -€33 | |
| Profit (loss) for the period | 9904 | -€24,408 | €2,680 | +€27,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,408 | €2,680 | +€27,088 |
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 27 October 2026 via checked.be.