MEANN: 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.
MEANN
Largest movements
- Receivables within one year +€424,884
up €424,884 (+149.4%), from €284,407 to €709,291
of which Trade receivables: +€219,267
- Tangible fixed assets -€125,720
down €125,720 (-24.7%), from €508,776 to €383,055
of which Leasing and similar rights: -€112,519
- Deferred charges and accrued income +€30,057
up €30,057 (+2662.1%), from €1,129 to €31,186
- Cash -€15,500
down €15,500 (-9.2%), from €168,822 to €153,322
mainly Receivables within one year (-€424,884) and Debts after one year (-€95,915)
- Tax, wage and social debts +€329,395
up €329,395 (+288.3%), from €114,235 to €443,630
of which Taxes: +€248,732
- Debts after one year -€95,915
down €95,915 (-32.3%), from €297,033 to €201,118
- Profit (loss) carried forward +€84,074
up €84,074 (+26.6%), from €316,242 to €400,315
- Other debts +€16,658
up €16,658 (+30.2%), from €55,218 to €71,876
- Gross operating margin +€426,276
up €426,276 (+67.8%), from €628,593 to €1.1m
- Staff costs +€371,982
up €371,982 (+95.6%), from €389,292 to €761,273
- Depreciation +€36,556
up €36,556 (+35.7%), from €102,314 to €138,870
- Other operating charges +€11,504
up €11,504 (+112.2%), from €10,256 to €21,760
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.
Cash bridge derived
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 | €986,893 | €1,300,614 | +€313,721 | +31.8% |
| Fixed assets | 21/28 | €527,356 | €401,635 | -€125,720 | -23.8% |
| Tangible fixed assets | 22/27 | €508,776 | €383,055 | -€125,720 | -24.7% |
| Plant, machinery and equipment | 23 | €29,421 | €24,146 | -€5,275 | -17.9% |
| Furniture and vehicles | 24 | €44,427 | €36,501 | -€7,927 | -17.8% |
| Leasing and similar rights | 25 | €434,927 | €322,409 | -€112,519 | -25.9% |
| Financial fixed assets | 28 | €18,580 | €18,580 | = | 0.0% |
| Current assets | 29/58 | €459,538 | €898,979 | +€439,441 | +95.6% |
| Stocks and contracts in progress | 3 | €5,179 | €5,179 | = | 0.0% |
| Stocks | 30/36 | €5,179 | €5,179 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €284,407 | €709,291 | +€424,884 | +149.4% |
| Trade receivables | 40 | €272,693 | €491,959 | +€219,267 | +80.4% |
| Other amounts receivable | 41 | €11,714 | €217,332 | +€205,618 | +1755.3% |
| Cash at bank and in hand | 54/58 | €168,822 | €153,322 | -€15,500 | -9.2% |
| Deferred charges and accrued income | 490/1 | €1,129 | €31,186 | +€30,057 | +2662.1% |
| Total equity and liabilities | 10/49 | €986,893 | €1,300,614 | +€313,721 | +31.8% |
| Equity | 10/15 | €338,961 | €423,034 | +€84,073 | +24.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,719 | €21,719 | -€0 | 0.0% |
| Distributable reserves | 133 | €21,719 | €21,719 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €316,242 | €400,315 | +€84,074 | +26.6% |
| Amounts payable | 17/49 | €647,933 | €877,580 | +€229,647 | +35.4% |
| Amounts payable after more than one year | 17 | €297,033 | €201,118 | -€95,915 | -32.3% |
| Financial debts | 170/4 | €297,033 | €201,118 | -€95,915 | -32.3% |
| Amounts payable within one year | 42/48 | €348,070 | €671,353 | +€323,282 | +92.9% |
| Current portion of amounts payable after more than one year | 42 | €106,286 | €95,826 | -€10,460 | -9.8% |
| Trade debts | 44 | €72,332 | €60,022 | -€12,310 | -17.0% |
| Suppliers | 440/4 | €72,332 | €60,022 | -€12,310 | -17.0% |
| Taxes, remuneration and social security | 45 | €114,235 | €443,630 | +€329,395 | +288.3% |
| Taxes | 450/3 | €48,436 | €297,168 | +€248,732 | +513.5% |
| Remuneration and social security | 454/9 | €65,799 | €146,462 | +€80,663 | +122.6% |
| Other amounts payable | 47/48 | €55,218 | €71,876 | +€16,658 | +30.2% |
| Accrued charges and deferred income | 492/3 | €2,830 | €5,109 | +€2,280 | +80.6% |
| Remuneration, social security and pensions | 62 | €389,292 | €761,273 | +€371,982 | +95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,314 | €138,870 | +€36,556 | +35.7% |
| Other operating charges | 640/8 | €10,256 | €21,760 | +€11,504 | +112.2% |
| Non-recurring operating charges | 66A | €6,426 | - | -€6,426 | |
| Gross operating margin | 9900 | €628,593 | €1,054,869 | +€426,276 | +67.8% |
| Operating profit (loss) | 9901 | €120,304 | €132,965 | +€12,660 | +10.5% |
| Financial income | 75/76B | €3,179 | - | -€3,179 | |
| Recurring financial income | 75 | €3,179 | - | -€3,179 | |
| Financial charges | 65/66B | €22,771 | €27,873 | +€5,102 | +22.4% |
| Recurring financial charges | 65 | €22,771 | €27,873 | +€5,102 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €100,713 | €105,092 | +€4,379 | +4.3% |
| Income taxes | 67/77 | €16,667 | €21,018 | +€4,352 | +26.1% |
| Profit (loss) for the period | 9904 | €84,046 | €84,074 | +€28 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,046 | €84,074 | +€28 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.