MEA: 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.
MEA
Largest movements
- Receivables within one year +€14,300
up €14,300 (+353%), from €4,050 to €18,350
of which Trade receivables: +€14,100
- Cash +€4,026
up €4,026 (+96.7%), from €4,162 to €8,188
mainly Net result for the year (+€15,385) and Other debts (+€14,025)
- Other debts +€14,025
up €14,025 (+241%), from €5,809 to €19,834
- Tax, wage and social debts +€4,338
up €4,338 (+368%), from €1,179 to €5,517
- Gross operating margin +€17,682
up €17,682 (+446%), from €3,964 to €21,646
- Taxes +€5,626
up €5,626 (+3,309%), from €170 to €5,796
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 | €8,212 | €26,538 | +€18,326 | +223% |
| Current assets | 29/58 | €8,212 | €26,538 | +€18,326 | +223% |
| Amounts receivable within one year | 40/41 | €4,050 | €18,350 | +€14,300 | +353% |
| Trade receivables | 40 | €4,050 | €18,150 | +€14,100 | +348% |
| Other amounts receivable | 41 | €0 | €200 | +€200 | |
| Cash at bank and in hand | 54/58 | €4,162 | €8,188 | +€4,026 | +96.7% |
| Total equity and liabilities | 10/49 | €8,212 | €26,538 | +€18,326 | +223% |
| Equity | 10/15 | €1,224 | €1,109 | -€115 | -9.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €224 | €109 | -€115 | -51.2% |
| Distributable reserves | 133 | €224 | €109 | -€115 | -51.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,988 | €25,429 | +€18,441 | +264% |
| Amounts payable within one year | 42/48 | €6,988 | €25,429 | +€18,441 | +264% |
| Trade debts | 44 | €0 | €78 | +€78 | |
| Suppliers | 440/4 | €0 | €78 | +€78 | |
| Taxes, remuneration and social security | 45 | €1,179 | €5,517 | +€4,338 | +368% |
| Taxes | 450/3 | €1,179 | €5,517 | +€4,338 | +368% |
| Other amounts payable | 47/48 | €5,809 | €19,834 | +€14,025 | +241% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €3,964 | €21,646 | +€17,682 | +446% |
| Operating profit (loss) | 9901 | €3,577 | €21,247 | +€17,670 | +494% |
| Financial charges | 65/66B | €45 | €65 | +€20 | +44.9% |
| Recurring financial charges | 65 | €45 | €65 | +€20 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €3,532 | €21,181 | +€17,649 | +500% |
| Income taxes | 67/77 | €170 | €5,796 | +€5,626 | +3,309% |
| Profit (loss) for the period | 9904 | €3,362 | €15,385 | +€12,023 | +358% |
| Profit (loss) for the period to be appropriated | 9905 | €3,362 | €15,385 | +€12,023 | +358% |
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 15 October 2026 via checked.be.