Meba: 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.
Meba
Largest movements
- Receivables within one year +€664,627
up €664,627 (+337%), from €197,319 to €861,946
of which Other amounts receivable: +€398,688
- Stocks and contracts -€425,946
down €425,946 (-100%), from €425,946 to €0
- Tangible fixed assets -€255,287
down €255,287 (-27.8%), from €919,561 to €664,275
of which Land and buildings: -€234,749
- Cash -€104,325
down €104,325 (-84.4%), from €123,547 to €19,222
mainly Receivables within one year (-€664,627) and Trade debts (-€161,587)
- Reserves +€234,971
up €234,971 (+61.9%), from €379,470 to €614,441
of which Distributable reserves: +€234,971
- Trade debts -€161,587
down €161,587 (-27.6%), from €584,866 to €423,278
- Debts after one year -€120,902
down €120,902 (-83.1%), from €145,425 to €24,523
- Short-term financial debts +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Current portion of long-term debt -€87,658
down €87,658 (-78.0%), from €112,310 to €24,652
- Staff costs -€436,561
down €436,561 (-70.9%), from €615,635 to €179,074
- Depreciation +€172,895
up €172,895 (+219%), from €78,854 to €251,749
- Taxes +€85,855
up €85,855 (+7,291%), from €1,178 to €87,032
- Gross operating margin +€67,714
up €67,714 (+9.2%), from €737,075 to €804,789
- Other operating charges -€10,938
down €10,938 (-28.2%), from €38,756 to €27,817
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 | €1,678,503 | €1,554,164 | -€124,338 | -7.4% |
| Fixed assets | 21/28 | €919,929 | €664,667 | -€255,262 | -27.7% |
| Tangible fixed assets | 22/27 | €919,561 | €664,275 | -€255,287 | -27.8% |
| Land and buildings | 22 | €796,393 | €561,644 | -€234,749 | -29.5% |
| Plant, machinery and equipment | 23 | €121,991 | €42,000 | -€79,991 | -65.6% |
| Furniture and vehicles | 24 | €1,178 | €0 | -€1,178 | -100% |
| Assets under construction and advance payments | 27 | - | €60,631 | +€60,631 | |
| Financial fixed assets | 28 | €367 | €392 | +€25 | +6.8% |
| Current assets | 29/58 | €758,574 | €889,497 | +€130,923 | +17.3% |
| Stocks and contracts in progress | 3 | €425,946 | €0 | -€425,946 | -100% |
| Stocks | 30/36 | €425,946 | €0 | -€425,946 | -100% |
| Amounts receivable within one year | 40/41 | €197,319 | €861,946 | +€664,627 | +337% |
| Trade receivables | 40 | €135,334 | €401,274 | +€265,940 | +197% |
| Other amounts receivable | 41 | €61,985 | €460,673 | +€398,688 | +643% |
| Cash at bank and in hand | 54/58 | €123,547 | €19,222 | -€104,325 | -84.4% |
| Deferred charges and accrued income | 490/1 | €11,762 | €8,329 | -€3,433 | -29.2% |
| Total equity and liabilities | 10/49 | €1,678,503 | €1,554,164 | -€124,338 | -7.4% |
| Equity | 10/15 | €446,428 | €681,399 | +€234,971 | +52.6% |
| Contributions | 10/11 | €66,958 | €66,958 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,958 | €4,958 | = | 0.0% |
| Share premium | 1100/10 | €4,958 | €4,958 | = | 0.0% |
| Reserves | 13 | €379,470 | €614,441 | +€234,971 | +61.9% |
| Non-distributable reserves | 130/1 | €6,696 | €6,696 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €372,774 | €607,746 | +€234,971 | +63.0% |
| Amounts payable | 17/49 | €1,232,075 | €872,765 | -€359,310 | -29.2% |
| Amounts payable after more than one year | 17 | €145,425 | €24,523 | -€120,902 | -83.1% |
| Financial debts | 170/4 | €145,425 | €24,523 | -€120,902 | -83.1% |
| Amounts payable within one year | 42/48 | €1,084,649 | €848,158 | -€236,491 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €112,310 | €24,652 | -€87,658 | -78.0% |
| Financial debts | 43 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Credit institutions | 430/8 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Trade debts | 44 | €584,866 | €423,278 | -€161,587 | -27.6% |
| Suppliers | 440/4 | €584,866 | €423,278 | -€161,587 | -27.6% |
| Taxes, remuneration and social security | 45 | €180,084 | €100,228 | -€79,856 | -44.3% |
| Taxes | 450/3 | €33,249 | €100,228 | +€66,979 | +201% |
| Remuneration and social security | 454/9 | €146,835 | €0 | -€146,835 | -100% |
| Other amounts payable | 47/48 | €7,390 | €0 | -€7,390 | -100% |
| Accrued charges and deferred income | 492/3 | €2,000 | €83 | -€1,917 | -95.8% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €615,635 | €179,074 | -€436,561 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,854 | €251,749 | +€172,895 | +219% |
| Other operating charges | 640/8 | €38,756 | €27,817 | -€10,938 | -28.2% |
| Gross operating margin | 9900 | €737,075 | €804,789 | +€67,714 | +9.2% |
| Operating profit (loss) | 9901 | €3,830 | €346,148 | +€342,318 | +8,938% |
| Financial income | 75/76B | €2,927 | €7,992 | +€5,065 | +173% |
| Recurring financial income | 75 | €2,927 | €7,992 | +€5,065 | +173% |
| Financial charges | 65/66B | €27,625 | €32,137 | +€4,512 | +16.3% |
| Recurring financial charges | 65 | €27,625 | €32,137 | +€4,512 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,868 | €322,004 | +€342,872 | |
| Income taxes | 67/77 | €1,178 | €87,032 | +€85,855 | +7,291% |
| Profit (loss) for the period | 9904 | -€22,046 | €234,971 | +€257,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,046 | €234,971 | +€257,017 |
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 17 October 2026 via checked.be.