MEA CANTAGALLO: 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 CANTAGALLO
Largest movements
- Current investments +€50,000
up €50,000 (+46.3%), from €108,000 to €158,000
- Cash -€19,508
down €19,508 (-12.1%), from €161,597 to €142,088
mainly Current investments (-€50,000) and Receivables within one year (-€14,224)
- Receivables within one year +€14,224
up €14,224 (+75,620%), from €19 to €14,243
of which Other amounts receivable: +€10,000
- Tangible fixed assets -€6,751
down €6,751 (-23.7%), from €28,521 to €21,770
of which Plant, machinery and equipment: -€3,690
- Stocks and contracts -€3,563
down €3,563 (-40.0%), from €8,897 to €5,335
- Reserves +€44,000
up €44,000 (+26.7%), from €164,860 to €208,860
of which Distributable reserves: +€44,000
- Trade debts -€6,604
down €6,604 (-51.0%), from €12,947 to €6,343
- Gross operating margin -€24,493
down €24,493 (-10.8%), from €226,882 to €202,389
- Staff costs +€19,013
up €19,013 (+19.3%), from €98,433 to €117,446
- Taxes -€5,912
down €5,912 (-23.4%), from €25,312 to €19,400
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 | €308,986 | €343,571 | +€34,585 | +11.2% |
| Fixed assets | 21/28 | €28,571 | €21,820 | -€6,751 | -23.6% |
| Tangible fixed assets | 22/27 | €28,521 | €21,770 | -€6,751 | -23.7% |
| Plant, machinery and equipment | 23 | €13,550 | €9,861 | -€3,690 | -27.2% |
| Furniture and vehicles | 24 | €14,970 | €11,909 | -€3,061 | -20.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €280,416 | €321,751 | +€41,336 | +14.7% |
| Stocks and contracts in progress | 3 | €8,897 | €5,335 | -€3,563 | -40.0% |
| Stocks | 30/36 | €8,897 | €5,335 | -€3,563 | -40.0% |
| Amounts receivable within one year | 40/41 | €19 | €14,243 | +€14,224 | +75,620% |
| Trade receivables | 40 | - | €4,224 | +€4,224 | |
| Other amounts receivable | 41 | €19 | €10,019 | +€10,000 | +53,164% |
| Current investments | 50/53 | €108,000 | €158,000 | +€50,000 | +46.3% |
| Cash at bank and in hand | 54/58 | €161,597 | €142,088 | -€19,508 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,903 | €2,085 | +€183 | +9.6% |
| Total equity and liabilities | 10/49 | €308,986 | €343,571 | +€34,585 | +11.2% |
| Equity | 10/15 | €251,018 | €296,171 | +€45,153 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,860 | €208,860 | +€44,000 | +26.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,000 | €207,000 | +€44,000 | +27.0% |
| Profit (loss) carried forward | 14 | €67,558 | €68,711 | +€1,153 | +1.7% |
| Amounts payable | 17/49 | €57,968 | €47,401 | -€10,568 | -18.2% |
| Amounts payable within one year | 42/48 | €57,678 | €47,401 | -€10,278 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €2,485 | - | -€2,485 | |
| Trade debts | 44 | €12,947 | €6,343 | -€6,604 | -51.0% |
| Suppliers | 440/4 | €12,947 | €6,343 | -€6,604 | -51.0% |
| Taxes, remuneration and social security | 45 | €41,335 | €38,920 | -€2,414 | -5.8% |
| Taxes | 450/3 | €24,990 | €25,117 | +€126 | +0.5% |
| Remuneration and social security | 454/9 | €16,344 | €13,803 | -€2,541 | -15.5% |
| Other amounts payable | 47/48 | €912 | €2,138 | +€1,226 | +134% |
| Accrued charges and deferred income | 492/3 | €290 | - | -€290 | |
| Remuneration, social security and pensions | 62 | €98,433 | €117,446 | +€19,013 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,742 | €9,941 | +€199 | +2.0% |
| Other operating charges | 640/8 | €4,683 | €4,487 | -€196 | -4.2% |
| Gross operating margin | 9900 | €226,882 | €202,389 | -€24,493 | -10.8% |
| Operating profit (loss) | 9901 | €114,024 | €70,515 | -€43,509 | -38.2% |
| Financial income | 75/76B | €31 | €9 | -€22 | -70.8% |
| Recurring financial income | 75 | €31 | €9 | -€22 | -70.8% |
| Financial charges | 65/66B | €5,207 | €5,972 | +€764 | +14.7% |
| Recurring financial charges | 65 | €5,207 | €5,972 | +€764 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €108,848 | €64,553 | -€44,295 | -40.7% |
| Income taxes | 67/77 | €25,312 | €19,400 | -€5,912 | -23.4% |
| Profit (loss) for the period | 9904 | €83,535 | €45,153 | -€38,383 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,535 | €45,153 | -€38,383 | -45.9% |
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 27 October 2026 via checked.be.