ME-TECH: 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-TECH
Largest movements
- Receivables within one year +€505,185
up €505,185 (+153.1%), from €330,030 to €835,215
of which Trade receivables: +€321,128
- Cash -€239,494
down €239,494 (-81.7%), from €293,190 to €53,696
mainly Receivables within one year (-€505,185) and Investment in fixed assets (net) (-€339,567)
- Tangible fixed assets +€161,087
up €161,087 (+89.6%), from €179,851 to €340,938
of which Plant, machinery and equipment: +€116,036
- Financial fixed assets +€33,000
up €33,000 (+449.9%), from €7,335 to €40,335
- Trade debts +€301,313
up €301,313 (+66.2%), from €454,829 to €756,142
- Current portion of long-term debt +€117,981
new in 2025: €117,981
- Profit (loss) carried forward +€67,713
up €67,713 (+40.9%), from €165,385 to €233,098
- Tax, wage and social debts -€61,747
no longer reported in 2025 (was €61,747)
- Debts after one year +€57,962
new in 2025: €57,962
- Turnover -€3.3m
no longer reported in 2025 (was €3.3m)
- Purchases and services -€2.0m
no longer reported in 2025 (was €2.0m)
- Gross operating margin +€859,990
up €859,990 (+66.7%), from €1.3m to €2.1m
- Staff costs +€851,892
up €851,892 (+84.0%), from €1.0m to €1.9m
- Depreciation +€62,967
up €62,967 (+76.3%), from €82,513 to €145,480
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 | €810,405 | €1,270,183 | +€459,778 | +56.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €187,186 | €381,273 | +€194,087 | +103.7% |
| Tangible fixed assets | 22/27 | €179,851 | €340,938 | +€161,087 | +89.6% |
| Land and buildings | 22 | €3,125 | €7,157 | +€4,032 | +129.0% |
| Plant, machinery and equipment | 23 | €60,781 | €176,817 | +€116,036 | +190.9% |
| Furniture and vehicles | 24 | €81,944 | €131,130 | +€49,186 | +60.0% |
| Leasing and similar rights | 25 | €34,000 | €25,833 | -€8,167 | -24.0% |
| Financial fixed assets | 28 | €7,335 | €40,335 | +€33,000 | +449.9% |
| Current assets | 29/58 | €623,220 | €888,911 | +€265,691 | +42.6% |
| Amounts receivable within one year | 40/41 | €330,030 | €835,215 | +€505,185 | +153.1% |
| Trade receivables | 40 | €199,135 | €520,263 | +€321,128 | +161.3% |
| Other amounts receivable | 41 | €130,895 | €314,952 | +€184,057 | +140.6% |
| Cash at bank and in hand | 54/58 | €293,190 | €53,696 | -€239,494 | -81.7% |
| Total equity and liabilities | 10/49 | €810,405 | €1,270,183 | +€459,778 | +56.7% |
| Equity | 10/15 | €270,385 | €338,098 | +€67,713 | +25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,385 | €233,098 | +€67,713 | +40.9% |
| Amounts payable | 17/49 | €540,020 | €932,085 | +€392,065 | +72.6% |
| Amounts payable after more than one year | 17 | - | €57,962 | +€57,962 | |
| Financial debts | 170/4 | - | €57,962 | +€57,962 | |
| Amounts payable within one year | 42/48 | €540,020 | €874,123 | +€334,103 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | - | €117,981 | +€117,981 | |
| Trade debts | 44 | €454,829 | €756,142 | +€301,313 | +66.2% |
| Suppliers | 440/4 | €454,829 | €756,142 | +€301,313 | +66.2% |
| Advances received on contracts in progress | 46 | €11,795 | - | -€11,795 | |
| Taxes, remuneration and social security | 45 | €61,747 | - | -€61,747 | |
| Taxes | 450/3 | €61,747 | - | -€61,747 | |
| Other amounts payable | 47/48 | €11,649 | - | -€11,649 | |
| Turnover | 70 | €3,313,108 | - | -€3.3m | |
| Non-recurring operating income | 76A | €2,750 | €10,229 | +€7,479 | +272.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,045,173 | - | -€2.0m | |
| Remuneration, social security and pensions | 62 | €1,014,534 | €1,866,426 | +€851,892 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,513 | €145,480 | +€62,967 | +76.3% |
| Other operating charges | 640/8 | €18,637 | €19,504 | +€867 | +4.7% |
| Gross operating margin | 9900 | €1,289,021 | €2,149,010 | +€859,990 | +66.7% |
| Operating profit (loss) | 9901 | €173,338 | €117,601 | -€55,736 | -32.2% |
| Financial charges | 65/66B | €22,413 | €8,894 | -€13,518 | -60.3% |
| Recurring financial charges | 65 | €22,413 | €8,894 | -€13,518 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €150,925 | €108,707 | -€42,218 | -28.0% |
| Income taxes | 67/77 | €61,747 | €40,994 | -€20,753 | -33.6% |
| Profit (loss) for the period | 9904 | €89,178 | €67,713 | -€21,465 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,178 | €67,713 | -€21,465 | -24.1% |
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.