MEAUNET: 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.
MEAUNET
Largest movements
- Financial fixed assets -€4.3m
down €4.3m (-17.1%), from €25.3m to €21.0m
- Other debts -€8.4m
down €8.4m (-78.3%), from €10.7m to €2.3m
- Profit (loss) carried forward +€5.3m
up €5.3m (+76.5%), from €6.9m to €12.1m
- Current portion of long-term debt -€1.7m
down €1.7m (-90.4%), from €1.9m to €185,602
- Debts after one year +€1.6m
up €1.6m (+357%), from €438,634 to €2.0m
- Revaluation surpluses -€949,338
down €949,338 (-16.9%), from €5.6m to €4.7m
- Financial income +€4.6m
up €4.6m (+531%), from €869,051 to €5.5m
of which Non-recurring financial income: +€4.6m
- Financial charges -€45,104
down €45,104 (-44.6%), from €101,227 to €56,124
- Gross operating margin +€27,742
up €27,742 (+25.2%), from -€110,118 to -€82,376
- Staff costs -€6,996
down €6,996 (-15.8%), from €44,245 to €37,249
- Taxes -€6,855
down €6,855, from €3,427 to -€3,427
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,912,995 | €21,607,246 | -€4.3m | -16.6% |
| Fixed assets | 21/28 | €25,392,717 | €21,037,396 | -€4.4m | -17.2% |
| Tangible fixed assets | 22/27 | €43,712 | €28,434 | -€15,278 | -35.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €10,570 | €5,574 | -€4,996 | -47.3% |
| Other tangible fixed assets | 26 | €33,143 | €22,861 | -€10,282 | -31.0% |
| Financial fixed assets | 28 | €25,349,004 | €21,008,962 | -€4.3m | -17.1% |
| Current assets | 29/58 | €520,278 | €569,850 | +€49,572 | +9.5% |
| Amounts receivable within one year | 40/41 | €267,685 | €266,405 | -€1,280 | -0.5% |
| Trade receivables | 40 | - | €19,200 | +€19,200 | |
| Other amounts receivable | 41 | €267,685 | €247,205 | -€20,480 | -7.7% |
| Cash at bank and in hand | 54/58 | €246,275 | €300,339 | +€54,064 | +22.0% |
| Deferred charges and accrued income | 490/1 | €6,318 | €3,106 | -€3,212 | -50.8% |
| Total equity and liabilities | 10/49 | €25,912,995 | €21,607,246 | -€4.3m | -16.6% |
| Equity | 10/15 | €12,777,011 | €17,083,718 | +€4.3m | +33.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,628,237 | €4,678,898 | -€949,338 | -16.9% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,873,775 | €12,129,820 | +€5.3m | +76.5% |
| Amounts payable | 17/49 | €13,135,984 | €4,523,528 | -€8.6m | -65.6% |
| Amounts payable after more than one year | 17 | €438,634 | €2,003,032 | +€1.6m | +357% |
| Financial debts | 170/4 | €438,634 | €2,003,032 | +€1.6m | +357% |
| Amounts payable within one year | 42/48 | €12,697,350 | €2,520,496 | -€10.2m | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €1,932,100 | €185,602 | -€1.7m | -90.4% |
| Trade debts | 44 | €42,039 | €14,052 | -€27,987 | -66.6% |
| Suppliers | 440/4 | €42,039 | €14,052 | -€27,987 | -66.6% |
| Taxes, remuneration and social security | 45 | €5,012 | - | -€5,012 | |
| Remuneration and social security | 454/9 | €5,012 | - | -€5,012 | |
| Other amounts payable | 47/48 | €10,718,199 | €2,320,842 | -€8.4m | -78.3% |
| Remuneration, social security and pensions | 62 | €44,245 | €37,249 | -€6,996 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,911 | €15,278 | -€633 | -4.0% |
| Other operating charges | 640/8 | €960 | €2,142 | +€1,182 | +123% |
| Non-recurring operating charges | 66A | - | €2,657 | +€2,657 | |
| Gross operating margin | 9900 | -€110,118 | -€82,376 | +€27,742 | +25.2% |
| Operating profit (loss) | 9901 | -€171,235 | -€139,702 | +€31,533 | +18.4% |
| Financial income | 75/76B | €869,051 | €5,480,194 | +€4.6m | +531% |
| Recurring financial income | 75 | €869,051 | €919,268 | +€50,217 | +5.8% |
| Non-recurring financial income | 76B | - | €4,560,926 | +€4.6m | |
| Financial charges | 65/66B | €101,227 | €56,124 | -€45,104 | -44.6% |
| Recurring financial charges | 65 | €101,227 | €56,124 | -€45,104 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €596,589 | €5,284,369 | +€4.7m | +786% |
| Income taxes | 67/77 | €3,427 | -€3,427 | -€6,855 | |
| Profit (loss) for the period | 9904 | €593,161 | €5,287,796 | +€4.7m | +791% |
| Profit (loss) for the period to be appropriated | 9905 | €593,161 | €5,287,796 | +€4.7m | +791% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.