ME MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€6,872
down €6,872 (-27.3%), from €25,205 to €18,332
mainly Current portion of long-term debt (-€20,440) and Other debts (-€5,825)
- Tangible fixed assets -€4,158
down €4,158 (-3.9%), from €107,415 to €103,257
- Current portion of long-term debt -€20,440
no longer reported in 2025 (was €20,440)
- Profit (loss) carried forward +€15,342
up €15,342 (+17.3%), from €88,802 to €104,144
- Other debts -€5,825
no longer reported in 2025 (was €5,825)
- Tax, wage and social debts -€3,088
down €3,088 (-35.6%), from €8,673 to €5,585
- Trade debts +€2,308
up €2,308 (+35.1%), from €6,569 to €8,877
- Gross operating margin -€11,204
down €11,204 (-29.2%), from €38,366 to €27,163
- Taxes -€3,100
down €3,100 (-35.7%), from €8,685 to €5,585
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 | €147,870 | €136,166 | -€11,704 | -7.9% |
| Fixed assets | 21/28 | €117,415 | €113,257 | -€4,158 | -3.5% |
| Tangible fixed assets | 22/27 | €107,415 | €103,257 | -€4,158 | -3.9% |
| Land and buildings | 22 | €107,415 | €103,257 | -€4,158 | -3.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €30,455 | €22,909 | -€7,546 | -24.8% |
| Amounts receivable within one year | 40/41 | €5,250 | €4,576 | -€674 | -12.8% |
| Trade receivables | 40 | €3,907 | €3,025 | -€882 | -22.6% |
| Other amounts receivable | 41 | €1,343 | €1,551 | +€208 | +15.5% |
| Cash at bank and in hand | 54/58 | €25,205 | €18,332 | -€6,872 | -27.3% |
| Total equity and liabilities | 10/49 | €147,870 | €136,166 | -€11,704 | -7.9% |
| Equity | 10/15 | €103,862 | €119,204 | +€15,342 | +14.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,802 | €104,144 | +€15,342 | +17.3% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €41,508 | €14,462 | -€27,046 | -65.2% |
| Amounts payable within one year | 42/48 | €41,508 | €14,462 | -€27,046 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €20,440 | - | -€20,440 | |
| Trade debts | 44 | €6,569 | €8,877 | +€2,308 | +35.1% |
| Suppliers | 440/4 | €6,569 | €8,877 | +€2,308 | +35.1% |
| Taxes, remuneration and social security | 45 | €8,673 | €5,585 | -€3,088 | -35.6% |
| Taxes | 450/3 | €8,673 | €5,585 | -€3,088 | -35.6% |
| Other amounts payable | 47/48 | €5,825 | - | -€5,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,158 | €4,158 | = | 0.0% |
| Other operating charges | 640/8 | €1,481 | €1,533 | +€52 | +3.5% |
| Gross operating margin | 9900 | €38,366 | €27,163 | -€11,204 | -29.2% |
| Operating profit (loss) | 9901 | €32,727 | €21,471 | -€11,256 | -34.4% |
| Financial charges | 65/66B | €899 | €545 | -€354 | -39.4% |
| Recurring financial charges | 65 | €899 | €545 | -€354 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €31,829 | €20,927 | -€10,902 | -34.3% |
| Income taxes | 67/77 | €8,685 | €5,585 | -€3,100 | -35.7% |
| Profit (loss) for the period | 9904 | €23,144 | €15,342 | -€7,802 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,144 | €15,342 | -€7,802 | -33.7% |
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 3 October 2026 via checked.be.