MEA GROUPE: 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 GROUPE
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+346%), from €516,173 to €2.3m
- Receivables within one year +€70,581
up €70,581 (+489%), from €14,430 to €85,012
of which Trade receivables: +€62,250
- Trade debts +€1.9m
up €1.9m (+879%), from €213,225 to €2.1m
- Tax, wage and social debts -€76,131
down €76,131 (-69.8%), from €109,083 to €32,952
of which Taxes: -€69,464
- Profit (loss) carried forward +€41,350
up €41,350 (+55.1%), from €75,059 to €116,409
- Gross operating margin +€22,895
up €22,895 (+51.8%), from -€44,228 to -€21,333
- Financial income -€21,426
down €21,426 (-15.1%), from €141,896 to €120,470
- Financial charges -€18,654
down €18,654 (-88.7%), from €21,022 to €2,369
of which Financial charges: -€17,054
- Other operating charges -€14,916
down €14,916 (-97.7%), from €15,273 to €357
- Taxes +€4,139
up €4,139 (+36.8%), from €11,235 to €15,374
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €577,364 | €2,418,447 | +€1.8m | +319% |
| Fixed assets | 21/28 | €37,131 | €30,372 | -€6,759 | -18.2% |
| Tangible fixed assets | 22/27 | €25,431 | €18,672 | -€6,759 | -26.6% |
| Furniture and vehicles | 24 | €25,431 | €18,672 | -€6,759 | -26.6% |
| Financial fixed assets | 28 | €11,700 | €11,700 | = | 0.0% |
| Current assets | 29/58 | €540,234 | €2,388,075 | +€1.8m | +342% |
| Stocks and contracts in progress | 3 | €516,173 | €2,302,115 | +€1.8m | +346% |
| Stocks | 30/36 | €516,173 | €2,302,115 | +€1.8m | +346% |
| Amounts receivable within one year | 40/41 | €14,430 | €85,012 | +€70,581 | +489% |
| Trade receivables | 40 | €14,430 | €76,680 | +€62,250 | +431% |
| Other amounts receivable | 41 | - | €8,332 | +€8,332 | |
| Cash at bank and in hand | 54/58 | €9,630 | €7 | -€9,624 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €942 | +€942 | |
| Total equity and liabilities | 10/49 | €577,364 | €2,418,447 | +€1.8m | +319% |
| Equity | 10/15 | €88,145 | €129,496 | +€41,350 | +46.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €687 | €687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €687 | €687 | = | 0.0% |
| Reserves not available under the articles | 1311 | €687 | €687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,059 | €116,409 | +€41,350 | +55.1% |
| Amounts payable | 17/49 | €489,219 | €2,288,952 | +€1.8m | +368% |
| Amounts payable within one year | 42/48 | €489,219 | €2,288,952 | +€1.8m | +368% |
| Trade debts | 44 | €213,225 | €2,087,834 | +€1.9m | +879% |
| Suppliers | 440/4 | €213,225 | €2,087,834 | +€1.9m | +879% |
| Advances received on contracts in progress | 46 | €20,000 | €28,700 | +€8,700 | +43.5% |
| Taxes, remuneration and social security | 45 | €109,083 | €32,952 | -€76,131 | -69.8% |
| Taxes | 450/3 | €101,715 | €32,250 | -€69,464 | -68.3% |
| Remuneration and social security | 454/9 | €7,369 | €702 | -€6,667 | -90.5% |
| Other amounts payable | 47/48 | €146,911 | €139,466 | -€7,445 | -5.1% |
| Remuneration, social security and pensions | 62 | €29,508 | €32,927 | +€3,419 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,519 | €6,759 | +€240 | +3.7% |
| Other operating charges | 640/8 | €15,273 | €357 | -€14,916 | -97.7% |
| Gross operating margin | 9900 | -€44,228 | -€21,333 | +€22,895 | +51.8% |
| Operating profit (loss) | 9901 | -€95,528 | -€61,376 | +€34,152 | +35.8% |
| Financial income | 75/76B | €141,896 | €120,470 | -€21,426 | -15.1% |
| Recurring financial income | 75 | €141,896 | €120,470 | -€21,426 | -15.1% |
| Financial charges | 65/66B | €21,022 | €2,369 | -€18,654 | -88.7% |
| Recurring financial charges | 65 | €19,422 | €2,369 | -€17,054 | -87.8% |
| Non-recurring financial charges | 66B | €1,600 | - | -€1,600 | |
| Profit (loss) for the period before taxes | 9903 | €25,345 | €56,725 | +€31,380 | +124% |
| Income taxes | 67/77 | €11,235 | €15,374 | +€4,139 | +36.8% |
| Profit (loss) for the period | 9904 | €14,109 | €41,350 | +€27,241 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €14,109 | €41,350 | +€27,241 | +193% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.