ME-JO: 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-JO
Largest movements
- Receivables within one year +€37,798
up €37,798 (+78.7%), from €48,033 to €85,831
of which Other amounts receivable: +€56,125
- Stocks and contracts +€24,590
up €24,590 (+40.5%), from €60,772 to €85,362
- Tangible fixed assets +€8,784
up €8,784 (+1.9%), from €474,123 to €482,907
of which Plant, machinery and equipment: +€29,386
- Profit (loss) carried forward +€44,420
up €44,420 (+36.2%), from -€122,832 to -€78,412
- Tax, wage and social debts +€15,115
up €15,115 (+66.9%), from €22,588 to €37,703
of which Remuneration and social security: +€15,788
- Current portion of long-term debt +€9,940
up €9,940 (+16.4%), from €60,556 to €70,496
- Trade debts +€7,604
up €7,604 (+4.8%), from €157,337 to €164,941
- Gross operating margin +€262,170
up €262,170 (+161.5%), from €162,340 to €424,510
- Staff costs +€104,304
up €104,304 (+60.8%), from €171,617 to €275,922
- Financial charges -€6,665
down €6,665 (-25.4%), from €26,257 to €19,593
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €683,956 | €750,452 | +€66,496 | +9.7% |
| Formation expenses | 20 | €5,351 | €3,801 | -€1,551 | -29.0% |
| Fixed assets | 21/28 | €487,271 | €492,842 | +€5,571 | +1.1% |
| Intangible fixed assets | 21 | €13,148 | €9,935 | -€3,213 | -24.4% |
| Tangible fixed assets | 22/27 | €474,123 | €482,907 | +€8,784 | +1.9% |
| Plant, machinery and equipment | 23 | €82,864 | €112,250 | +€29,386 | +35.5% |
| Furniture and vehicles | 24 | €43,838 | €54,642 | +€10,804 | +24.6% |
| Leasing and similar rights | 25 | €36,725 | €23,618 | -€13,107 | -35.7% |
| Other tangible fixed assets | 26 | €310,695 | €292,397 | -€18,299 | -5.9% |
| Current assets | 29/58 | €191,333 | €253,809 | +€62,476 | +32.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €60,772 | €85,362 | +€24,590 | +40.5% |
| Stocks | 30/36 | €60,772 | €85,362 | +€24,590 | +40.5% |
| Amounts receivable within one year | 40/41 | €48,033 | €85,831 | +€37,798 | +78.7% |
| Trade receivables | 40 | €42,156 | €23,830 | -€18,327 | -43.5% |
| Other amounts receivable | 41 | €5,877 | €62,002 | +€56,125 | +955.0% |
| Cash at bank and in hand | 54/58 | €52,120 | €46,804 | -€5,316 | -10.2% |
| Deferred charges and accrued income | 490/1 | €5,407 | €10,811 | +€5,403 | +99.9% |
| Total equity and liabilities | 10/49 | €683,956 | €750,452 | +€66,496 | +9.7% |
| Equity | 10/15 | -€60,832 | -€16,412 | +€44,420 | +73.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,832 | -€78,412 | +€44,420 | +36.2% |
| Amounts payable | 17/49 | €744,787 | €766,863 | +€22,076 | +3.0% |
| Amounts payable after more than one year | 17 | €392,672 | €386,345 | -€6,327 | -1.6% |
| Financial debts | 170/4 | €392,672 | €386,345 | -€6,327 | -1.6% |
| Amounts payable within one year | 42/48 | €346,187 | €375,455 | +€29,267 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €60,556 | €70,496 | +€9,940 | +16.4% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €157,337 | €164,941 | +€7,604 | +4.8% |
| Suppliers | 440/4 | €157,337 | €164,941 | +€7,604 | +4.8% |
| Advances received on contracts in progress | 46 | - | €1,819 | +€1,819 | |
| Taxes, remuneration and social security | 45 | €22,588 | €37,703 | +€15,115 | +66.9% |
| Taxes | 450/3 | €1,328 | €655 | -€673 | -50.7% |
| Remuneration and social security | 454/9 | €21,260 | €37,048 | +€15,788 | +74.3% |
| Other amounts payable | 47/48 | €5,706 | €495 | -€5,211 | -91.3% |
| Accrued charges and deferred income | 492/3 | €5,928 | €5,063 | -€864 | -14.6% |
| Remuneration, social security and pensions | 62 | €171,617 | €275,922 | +€104,304 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,996 | €85,513 | +€1,517 | +1.8% |
| Other operating charges | 640/8 | €3,471 | €1,780 | -€1,691 | -48.7% |
| Gross operating margin | 9900 | €162,340 | €424,510 | +€262,170 | +161.5% |
| Operating profit (loss) | 9901 | -€96,745 | €61,296 | +€158,041 | |
| Financial income | 75/76B | €1,092 | €3,301 | +€2,209 | +202.3% |
| Recurring financial income | 75 | €1,092 | €3,301 | +€2,209 | +202.3% |
| Financial charges | 65/66B | €26,257 | €19,593 | -€6,665 | -25.4% |
| Recurring financial charges | 65 | €26,257 | €19,593 | -€6,665 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€121,910 | €45,004 | +€166,914 | |
| Income taxes | 67/77 | €922 | €584 | -€338 | -36.6% |
| Profit (loss) for the period | 9904 | -€122,832 | €44,420 | +€167,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,832 | €44,420 | +€167,252 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.