MEAS: what changed
Two fiscal 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.
MEAS
Largest movements
- Cash -€12,295
down €12,295 (-71.1%), from €17,302 to €5,007
mainly Net result for the year (-€16,070) and Stocks and contracts (-€8,880)
- Stocks and contracts +€8,880
up €8,880 (+104.8%), from €8,472 to €17,352
- Receivables within one year -€7,810
down €7,810 (-18.3%), from €42,580 to €34,770
of which Trade receivables: -€10,005
- Profit (loss) carried forward -€16,070
down €16,070 (-86.1%), from €18,660 to €2,590
- Trade debts +€5,446
up €5,446 (+186.2%), from €2,925 to €8,371
- Tax, wage and social debts -€1,087
down €1,087 (-3.5%), from €30,912 to €29,825
of which Taxes: -€5,310
- Staff costs +€15,566
up €15,566 (+33.4%), from €46,593 to €62,159
- Financial income +€1,232
up €1,232 (+41066.7%), from €3 to €1,235
of which Non-recurring financial income: +€981
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 | €70,813 | €59,102 | -€11,711 | -16.5% |
| Fixed assets | 21/28 | €1,944 | €1,776 | -€168 | -8.6% |
| Tangible fixed assets | 22/27 | €1,141 | €973 | -€168 | -14.7% |
| Other tangible fixed assets | 26 | €1,141 | €973 | -€168 | -14.7% |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €68,869 | €57,326 | -€11,543 | -16.8% |
| Stocks and contracts in progress | 3 | €8,472 | €17,352 | +€8,880 | +104.8% |
| Stocks | 30/36 | €8,472 | €17,352 | +€8,880 | +104.8% |
| Amounts receivable within one year | 40/41 | €42,580 | €34,770 | -€7,810 | -18.3% |
| Trade receivables | 40 | €36,579 | €26,574 | -€10,005 | -27.4% |
| Other amounts receivable | 41 | €6,001 | €8,196 | +€2,195 | +36.6% |
| Cash at bank and in hand | 54/58 | €17,302 | €5,007 | -€12,295 | -71.1% |
| Deferred charges and accrued income | 490/1 | €515 | €197 | -€318 | -61.7% |
| Total equity and liabilities | 10/49 | €70,813 | €59,102 | -€11,711 | -16.5% |
| Equity | 10/15 | €36,976 | €20,906 | -€16,070 | -43.5% |
| Contributions | 10/11 | €18,197 | €18,197 | = | 0.0% |
| Reserves | 13 | €119 | €119 | = | 0.0% |
| Non-distributable reserves | 130/1 | €119 | - | -€119 | |
| Other | 1319 | €119 | - | -€119 | |
| Tax-exempt reserves | 132 | - | €119 | +€119 | |
| Profit (loss) carried forward | 14 | €18,660 | €2,590 | -€16,070 | -86.1% |
| Amounts payable | 17/49 | €33,837 | €38,196 | +€4,359 | +12.9% |
| Amounts payable within one year | 42/48 | €33,837 | €38,196 | +€4,359 | +12.9% |
| Trade debts | 44 | €2,925 | €8,371 | +€5,446 | +186.2% |
| Suppliers | 440/4 | €2,925 | €8,371 | +€5,446 | +186.2% |
| Taxes, remuneration and social security | 45 | €30,912 | €29,825 | -€1,087 | -3.5% |
| Taxes | 450/3 | €15,554 | €10,244 | -€5,310 | -34.1% |
| Remuneration and social security | 454/9 | €15,358 | €19,581 | +€4,223 | +27.5% |
| Remuneration, social security and pensions | 62 | €46,593 | €62,159 | +€15,566 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €168 | -€384 | -69.6% |
| Other operating charges | 640/8 | €1,377 | €1,768 | +€391 | +28.4% |
| Gross operating margin | 9900 | €47,338 | €47,777 | +€439 | +0.9% |
| Operating profit (loss) | 9901 | -€1,184 | -€16,318 | -€15,134 | -1278.2% |
| Financial income | 75/76B | €3 | €1,235 | +€1,232 | +41066.7% |
| Recurring financial income | 75 | €3 | €254 | +€251 | +8366.7% |
| Non-recurring financial income | 76B | - | €981 | +€981 | |
| Financial charges | 65/66B | €540 | €846 | +€306 | +56.7% |
| Recurring financial charges | 65 | €540 | €846 | +€306 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,721 | -€15,929 | -€14,208 | -825.6% |
| Income taxes | 67/77 | €298 | €141 | -€157 | -52.7% |
| Profit (loss) for the period | 9904 | -€2,019 | -€16,070 | -€14,051 | -695.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,019 | -€16,070 | -€14,051 | -695.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.