MEA VOTA: 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 VOTA
Largest movements
- Receivables within one year +€29,107
up €29,107 (+216%), from €13,462 to €42,569
of which Trade receivables: +€21,541
- Cash -€12,445
down €12,445 (-18.9%), from €65,770 to €53,325
mainly Contributions, distributions and other (-€97,429) and Receivables within one year (-€29,107)
- Other debts +€56,371
up €56,371 (+137%), from €41,057 to €97,429
- Tax, wage and social debts -€18,887
down €18,887 (-51.6%), from €36,581 to €17,694
- Reserves -€15,580
down €15,580 (-5.8%), from €268,368 to €252,788
- Accrued charges and deferred income -€4,631
down €4,631 (-74.0%), from €6,261 to €1,630
- Gross operating margin +€21,379
up €21,379 (+19.8%), from €107,997 to €129,375
- Taxes +€10,303
up €10,303 (+32.6%), from €31,589 to €41,892
- Financial charges -€5,405
down €5,405 (-55.8%), from €9,695 to €4,290
of which Financial charges: -€5,405
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 | €358,468 | €376,354 | +€17,886 | +5.0% |
| Fixed assets | 21/28 | €279,235 | €280,459 | +€1,224 | +0.4% |
| Tangible fixed assets | 22/27 | €0 | €1,224 | +€1,224 | |
| Furniture and vehicles | 24 | €0 | €1,224 | +€1,224 | |
| Financial fixed assets | 28 | €279,235 | €279,235 | = | 0.0% |
| Current assets | 29/58 | €79,233 | €95,894 | +€16,662 | +21.0% |
| Amounts receivable within one year | 40/41 | €13,462 | €42,569 | +€29,107 | +216% |
| Trade receivables | 40 | €2,180 | €23,721 | +€21,541 | +988% |
| Other amounts receivable | 41 | €11,282 | €18,848 | +€7,566 | +67.1% |
| Cash at bank and in hand | 54/58 | €65,770 | €53,325 | -€12,445 | -18.9% |
| Total equity and liabilities | 10/49 | €358,468 | €376,354 | +€17,886 | +5.0% |
| Equity | 10/15 | €274,568 | €258,988 | -€15,580 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €268,368 | €252,788 | -€15,580 | -5.8% |
| Distributable reserves | 133 | €268,368 | €252,788 | -€15,580 | -5.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €83,899 | €117,366 | +€33,466 | +39.9% |
| Amounts payable within one year | 42/48 | €77,638 | €115,736 | +€38,098 | +49.1% |
| Trade debts | 44 | €0 | €614 | +€614 | |
| Suppliers | 440/4 | €0 | €614 | +€614 | |
| Taxes, remuneration and social security | 45 | €36,581 | €17,694 | -€18,887 | -51.6% |
| Taxes | 450/3 | €36,581 | €17,694 | -€18,887 | -51.6% |
| Other amounts payable | 47/48 | €41,057 | €97,429 | +€56,371 | +137% |
| Accrued charges and deferred income | 492/3 | €6,261 | €1,630 | -€4,631 | -74.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €423 | +€66 | +18.3% |
| Other operating charges | 640/8 | €1,121 | €1,188 | +€67 | +6.0% |
| Gross operating margin | 9900 | €107,997 | €129,375 | +€21,379 | +19.8% |
| Operating profit (loss) | 9901 | €106,518 | €127,764 | +€21,246 | +19.9% |
| Financial income | 75/76B | €203 | €265 | +€63 | +31.0% |
| Recurring financial income | 75 | €203 | €265 | +€63 | +31.0% |
| Financial charges | 65/66B | €9,695 | €4,290 | -€5,405 | -55.8% |
| Recurring financial charges | 65 | €9,695 | €4,290 | -€5,405 | -55.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €97,026 | €123,740 | +€26,714 | +27.5% |
| Income taxes | 67/77 | €31,589 | €41,892 | +€10,303 | +32.6% |
| Profit (loss) for the period | 9904 | €65,437 | €81,848 | +€16,411 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,437 | €81,848 | +€16,411 | +25.1% |
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.