ME GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Cash -€39,511
down €39,511 (-75.1%), from €52,584 to €13,073
mainly Investment in fixed assets (net) (-€26,000) and Stocks and contracts (-€21,600)
- Stocks and contracts +€21,600
up €21,600 (+39.7%), from €54,357 to €75,957
- Tangible fixed assets +€20,139
up €20,139 (+173.3%), from €11,620 to €31,758
of which Furniture and vehicles: +€20,469
- Trade debts +€4,561
up €4,561 (+4.8%), from €95,369 to €99,931
- Other debts -€3,594
down €3,594 (-2.0%), from €178,460 to €174,866
- Turnover -€109,497
no longer reported in 2025 (was €109,497)
- Purchases and services -€104,302
no longer reported in 2025 (was €104,302)
- Depreciation +€2,714
up €2,714 (+86.2%), from €3,147 to €5,861
- Taxes -€2,295
down €2,295 (-94.3%), from €2,435 to €140
- Gross operating margin +€1,869
up €1,869 (+23.1%), from €8,093 to €9,963
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 | €282,562 | €284,433 | +€1,872 | +0.7% |
| Fixed assets | 21/28 | €16,120 | €36,258 | +€20,139 | +124.9% |
| Tangible fixed assets | 22/27 | €11,620 | €31,758 | +€20,139 | +173.3% |
| Plant, machinery and equipment | 23 | €331 | - | -€331 | |
| Furniture and vehicles | 24 | €11,289 | €31,758 | +€20,469 | +181.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €266,442 | €248,175 | -€18,267 | -6.9% |
| Stocks and contracts in progress | 3 | €54,357 | €75,957 | +€21,600 | +39.7% |
| Stocks | 30/36 | €54,357 | €75,957 | +€21,600 | +39.7% |
| Amounts receivable within one year | 40/41 | €158,669 | €158,669 | = | 0.0% |
| Other amounts receivable | 41 | €158,669 | €158,669 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,584 | €13,073 | -€39,511 | -75.1% |
| Deferred charges and accrued income | 490/1 | €833 | €477 | -€356 | -42.7% |
| Total equity and liabilities | 10/49 | €282,562 | €284,433 | +€1,872 | +0.7% |
| Equity | 10/15 | €4,552 | €4,651 | +€100 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€14,048 | -€13,949 | +€100 | +0.7% |
| Amounts payable | 17/49 | €278,010 | €279,782 | +€1,772 | +0.6% |
| Amounts payable within one year | 42/48 | €278,010 | €279,782 | +€1,772 | +0.6% |
| Trade debts | 44 | €95,369 | €99,931 | +€4,561 | +4.8% |
| Suppliers | 440/4 | €95,369 | €99,931 | +€4,561 | +4.8% |
| Taxes, remuneration and social security | 45 | €4,180 | €4,985 | +€805 | +19.3% |
| Taxes | 450/3 | €3,461 | €4,461 | +€1,001 | +28.9% |
| Remuneration and social security | 454/9 | €719 | €524 | -€196 | -27.2% |
| Other amounts payable | 47/48 | €178,460 | €174,866 | -€3,594 | -2.0% |
| Turnover | 70 | €109,497 | - | -€109,497 | |
| Goods, raw materials, services and sundry goods | 60/61 | €104,302 | - | -€104,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,147 | €5,861 | +€2,714 | +86.2% |
| Other operating charges | 640/8 | €2,075 | €3,600 | +€1,524 | +73.4% |
| Gross operating margin | 9900 | €8,093 | €9,963 | +€1,869 | +23.1% |
| Operating profit (loss) | 9901 | €2,871 | €502 | -€2,369 | -82.5% |
| Financial charges | 65/66B | €237 | €263 | +€26 | +10.8% |
| Recurring financial charges | 65 | €237 | €263 | +€26 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €2,634 | €239 | -€2,394 | -90.9% |
| Income taxes | 67/77 | €2,435 | €140 | -€2,295 | -94.3% |
| Profit (loss) for the period | 9904 | €199 | €100 | -€99 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €199 | €100 | -€99 | -49.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.