ME WE Project: 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 WE Project
Largest movements
- Receivables within one year -€362,697
down €362,697 (-79.7%), from €455,244 to €92,547
of which Other amounts receivable: -€334,825
- Tangible fixed assets -€150,061
down €150,061 (-4.0%), from €3.7m to €3.6m
of which Land and buildings: -€146,743
- Debts after one year -€323,779
down €323,779 (-10.9%), from €3.0m to €2.7m
of which Financial debts: -€323,779
- Other debts -€110,381
down €110,381 (-3.1%), from €3.6m to €3.5m
- Trade debts -€72,413
down €72,413 (-21.8%), from €332,889 to €260,476
- Gross operating margin +€64,791
up €64,791 (+29.9%), from €216,648 to €281,440
- Financial charges -€41,723
down €41,723 (-34.4%), from €121,447 to €79,724
- Other operating charges -€23,249
down €23,249 (-37.6%), from €61,900 to €38,651
- Depreciation +€4,249
up €4,249 (+2.6%), from €163,637 to €167,887
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 | €5,777,382 | €5,250,069 | -€527,314 | -9.1% |
| Fixed assets | 21/28 | €5,232,333 | €5,064,446 | -€167,887 | -3.2% |
| Intangible fixed assets | 21 | €53,183 | €35,358 | -€17,825 | -33.5% |
| Tangible fixed assets | 22/27 | €3,747,935 | €3,597,874 | -€150,061 | -4.0% |
| Land and buildings | 22 | €3,738,350 | €3,591,607 | -€146,743 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €9,585 | €6,267 | -€3,318 | -34.6% |
| Financial fixed assets | 28 | €1,431,215 | €1,431,215 | = | 0.0% |
| Current assets | 29/58 | €545,050 | €185,622 | -€359,427 | -65.9% |
| Amounts receivable within one year | 40/41 | €455,244 | €92,547 | -€362,697 | -79.7% |
| Trade receivables | 40 | €116,919 | €89,047 | -€27,872 | -23.8% |
| Other amounts receivable | 41 | €338,325 | €3,500 | -€334,825 | -99.0% |
| Cash at bank and in hand | 54/58 | €87,217 | €82,543 | -€4,674 | -5.4% |
| Deferred charges and accrued income | 490/1 | €2,589 | €10,532 | +€7,944 | +307% |
| Total equity and liabilities | 10/49 | €5,777,382 | €5,250,069 | -€527,314 | -9.1% |
| Equity | 10/15 | -€1,463,171 | -€1,481,042 | -€17,871 | -1.2% |
| Contributions | 10/11 | €62,174 | €62,174 | = | 0.0% |
| Capital | 10 | €62,174 | €62,174 | = | 0.0% |
| Issued capital | 100 | €62,174 | €62,174 | = | 0.0% |
| Reserves | 13 | €2,591 | €2,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,591 | €2,591 | = | 0.0% |
| Legal reserve | 130 | €2,591 | €2,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,527,936 | -€1,545,806 | -€17,871 | -1.2% |
| Amounts payable | 17/49 | €7,240,554 | €6,731,110 | -€509,443 | -7.0% |
| Amounts payable after more than one year | 17 | €2,981,338 | €2,657,560 | -€323,779 | -10.9% |
| Financial debts | 170/4 | €2,979,538 | €2,655,760 | -€323,779 | -10.9% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,251,716 | €4,073,551 | -€178,165 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €315,215 | €319,844 | +€4,629 | +1.5% |
| Trade debts | 44 | €332,889 | €260,476 | -€72,413 | -21.8% |
| Suppliers | 440/4 | €332,889 | €260,476 | -€72,413 | -21.8% |
| Other amounts payable | 47/48 | €3,603,612 | €3,493,231 | -€110,381 | -3.1% |
| Accrued charges and deferred income | 492/3 | €7,500 | €0 | -€7,500 | -100% |
| Non-recurring operating income | 76A | - | €308 | +€308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,637 | €167,887 | +€4,249 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,049 | €13,049 | = | 0.0% |
| Other operating charges | 640/8 | €61,900 | €38,651 | -€23,249 | -37.6% |
| Non-recurring operating charges | 66A | €4,356 | €0 | -€4,356 | -100% |
| Gross operating margin | 9900 | €216,648 | €281,440 | +€64,791 | +29.9% |
| Operating profit (loss) | 9901 | -€26,294 | €61,853 | +€88,147 | |
| Financial income | 75/76B | €1,193 | €0 | -€1,193 | -100% |
| Recurring financial income | 75 | €1,193 | €0 | -€1,193 | -100% |
| Financial charges | 65/66B | €121,447 | €79,724 | -€41,723 | -34.4% |
| Recurring financial charges | 65 | €121,447 | €79,724 | -€41,723 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€146,548 | -€17,871 | +€128,677 | +87.8% |
| Profit (loss) for the period | 9904 | -€146,548 | -€17,871 | +€128,677 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,548 | -€17,871 | +€128,677 | +87.8% |
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 14 October 2026 via checked.be.