Méan Invest: what changed
Méan Invest
Largest movements
- Tangible fixed assets -€38,666
down €38,666 (-6.4%), from €602,639 to €563,973
of which Other tangible fixed assets: -€26,946
- Intangible fixed assets -€8,281
down €8,281 (-34.7%), from €23,869 to €15,587
- Cash +€7,196
up €7,196 (+49.9%), from €14,416 to €21,612
mainly Depreciation (+€69,226) and Net result for the year (+€33,570)
- Other debts -€43,269
down €43,269 (-33.5%), from €129,250 to €85,982
- Debts after one year -€41,250
down €41,250 (-15.6%), from €264,321 to €223,071
- Reserves +€33,570
up €33,570 (+21.3%), from €157,560 to €191,130
of which Distributable reserves: +€33,570
- Gross operating margin +€46,150
up €46,150 (+33.9%), from €136,067 to €182,216
- Other operating charges +€44,892
up €44,892 (+740%), from €6,069 to €50,960
- Staff costs -€7,213
no longer reported in 2025 (was €7,213)
- Depreciation -€2,943
down €2,943 (-4.1%), from €72,169 to €69,226
- Financial charges -€1,853
down €1,853 (-13.9%), from €13,342 to €11,488
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €656,239 | €607,170 | -€49,070 | -7.5% |
| Fixed assets | 21/28 | €626,508 | €579,560 | -€46,947 | -7.5% |
| Intangible fixed assets | 21 | €23,869 | €15,587 | -€8,281 | -34.7% |
| Tangible fixed assets | 22/27 | €602,639 | €563,973 | -€38,666 | -6.4% |
| Land and buildings | 22 | €404,100 | €389,225 | -€14,875 | -3.7% |
| Plant, machinery and equipment | 23 | €11,371 | €8,413 | -€2,958 | -26.0% |
| Furniture and vehicles | 24 | €44,213 | €50,327 | +€6,113 | +13.8% |
| Other tangible fixed assets | 26 | €142,954 | €116,008 | -€26,946 | -18.8% |
| Current assets | 29/58 | €29,731 | €27,609 | -€2,122 | -7.1% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,850 | €379 | -€5,471 | -93.5% |
| Other amounts receivable | 41 | €5,850 | €379 | -€5,471 | -93.5% |
| Cash at bank and in hand | 54/58 | €14,416 | €21,612 | +€7,196 | +49.9% |
| Deferred charges and accrued income | 490/1 | €6,465 | €2,618 | -€3,847 | -59.5% |
| Total equity and liabilities | 10/49 | €656,239 | €607,170 | -€49,070 | -7.5% |
| Equity | 10/15 | €186,296 | €219,866 | +€33,570 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,560 | €191,130 | +€33,570 | +21.3% |
| 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 | €155,700 | €189,270 | +€33,570 | +21.6% |
| Profit (loss) carried forward | 14 | €10,136 | €10,136 | = | 0.0% |
| Amounts payable | 17/49 | €469,943 | €387,303 | -€82,640 | -17.6% |
| Amounts payable after more than one year | 17 | €264,321 | €223,071 | -€41,250 | -15.6% |
| Financial debts | 170/4 | €264,321 | €223,071 | -€41,250 | -15.6% |
| Amounts payable within one year | 42/48 | €205,622 | €164,232 | -€41,389 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €61,454 | €65,689 | +€4,235 | +6.9% |
| Trade debts | 44 | €8,058 | €6,178 | -€1,880 | -23.3% |
| Suppliers | 440/4 | €8,058 | €6,178 | -€1,880 | -23.3% |
| Taxes, remuneration and social security | 45 | €6,859 | €6,384 | -€476 | -6.9% |
| Taxes | 450/3 | €6,859 | €6,384 | -€476 | -6.9% |
| Other amounts payable | 47/48 | €129,250 | €85,982 | -€43,269 | -33.5% |
| Remuneration, social security and pensions | 62 | €7,213 | - | -€7,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,169 | €69,226 | -€2,943 | -4.1% |
| Other operating charges | 640/8 | €6,069 | €50,960 | +€44,892 | +740% |
| Gross operating margin | 9900 | €136,067 | €182,216 | +€46,150 | +33.9% |
| Operating profit (loss) | 9901 | €50,616 | €62,030 | +€11,414 | +22.5% |
| Financial income | 75/76B | €16 | €2 | -€14 | -89.7% |
| Recurring financial income | 75 | €16 | €2 | -€14 | -89.7% |
| Financial charges | 65/66B | €13,342 | €11,488 | -€1,853 | -13.9% |
| Recurring financial charges | 65 | €13,342 | €11,488 | -€1,853 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €37,290 | €50,543 | +€13,253 | +35.5% |
| Transfer from deferred taxes | 780 | €5,415 | - | -€5,415 | |
| Income taxes | 67/77 | €15,300 | €16,973 | +€1,673 | +10.9% |
| Profit (loss) for the period | 9904 | €27,405 | €33,570 | +€6,165 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,405 | €33,570 | +€6,165 | +22.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.