MEAGLE: 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.
MEAGLE
Largest movements
- Tangible fixed assets -€5,721
down €5,721 (-29.0%), from €19,704 to €13,983
- Cash +€4,458
up €4,458 (+16.9%), from €26,313 to €30,770
mainly Net result for the year (+€13,603) and Depreciation (+€6,077)
- Receivables within one year +€1,437
up €1,437 (+118%), from €1,220 to €2,657
of which Trade receivables: +€1,623
- Other debts -€18,604
down €18,604 (-79.5%), from €23,398 to €4,794
- Profit (loss) carried forward +€13,603
up €13,603 (+138%), from €9,872 to €23,475
- Tax, wage and social debts +€4,602
up €4,602 (+121%), from €3,809 to €8,411
- Trade debts +€658
up €658 (+90.7%), from €726 to €1,384
- Gross operating margin +€10,688
up €10,688 (+66.4%), from €16,090 to €26,778
- Depreciation +€4,668
up €4,668 (+331%), from €1,409 to €6,077
- Taxes +€2,601
up €2,601 (+68.3%), from €3,809 to €6,410
- Other operating charges -€341
down €341 (-34.7%), from €985 to €643
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 | €47,805 | €48,064 | +€259 | +0.5% |
| Fixed assets | 21/28 | €19,704 | €13,983 | -€5,721 | -29.0% |
| Tangible fixed assets | 22/27 | €19,704 | €13,983 | -€5,721 | -29.0% |
| Furniture and vehicles | 24 | €19,704 | €13,983 | -€5,721 | -29.0% |
| Current assets | 29/58 | €28,101 | €34,081 | +€5,980 | +21.3% |
| Amounts receivable within one year | 40/41 | €1,220 | €2,657 | +€1,437 | +118% |
| Trade receivables | 40 | €1,034 | €2,657 | +€1,623 | +157% |
| Other amounts receivable | 41 | €186 | - | -€186 | |
| Cash at bank and in hand | 54/58 | €26,313 | €30,770 | +€4,458 | +16.9% |
| Deferred charges and accrued income | 490/1 | €569 | €654 | +€85 | +15.0% |
| Total equity and liabilities | 10/49 | €47,805 | €48,064 | +€259 | +0.5% |
| Equity | 10/15 | €19,872 | €33,475 | +€13,603 | +68.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,872 | €23,475 | +€13,603 | +138% |
| Amounts payable | 17/49 | €27,933 | €14,589 | -€13,344 | -47.8% |
| Amounts payable within one year | 42/48 | €27,933 | €14,589 | -€13,344 | -47.8% |
| Trade debts | 44 | €726 | €1,384 | +€658 | +90.7% |
| Suppliers | 440/4 | €726 | €1,384 | +€658 | +90.7% |
| Taxes, remuneration and social security | 45 | €3,809 | €8,411 | +€4,602 | +121% |
| Taxes | 450/3 | €3,809 | €8,411 | +€4,602 | +121% |
| Other amounts payable | 47/48 | €23,398 | €4,794 | -€18,604 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,409 | €6,077 | +€4,668 | +331% |
| Other operating charges | 640/8 | €985 | €643 | -€341 | -34.7% |
| Gross operating margin | 9900 | €16,090 | €26,778 | +€10,688 | +66.4% |
| Operating profit (loss) | 9901 | €13,696 | €20,058 | +€6,361 | +46.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15 | €45 | +€30 | +200% |
| Recurring financial charges | 65 | €15 | €45 | +€30 | +200% |
| Profit (loss) for the period before taxes | 9903 | €13,681 | €20,013 | +€6,331 | +46.3% |
| Income taxes | 67/77 | €3,809 | €6,410 | +€2,601 | +68.3% |
| Profit (loss) for the period | 9904 | €9,872 | €13,603 | +€3,731 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,872 | €13,603 | +€3,731 | +37.8% |
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.