MeBel: 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.
MeBel
Largest movements
- Receivables within one year -€33,776
down €33,776 (-21.8%), from €154,959 to €121,183
of which Other amounts receivable: -€34,684
- Cash -€27,549
down €27,549 (-41.9%), from €65,816 to €38,267
mainly Contributions, distributions and other (-€78,891) and Other debts (-€62,811)
- Other debts -€62,811
down €62,811 (-40.0%), from €156,994 to €94,183
- Gross operating margin -€122,174
down €122,174 (-54.4%), from €224,651 to €102,477
- Taxes -€25,443
down €25,443 (-53.7%), from €47,394 to €21,951
- Financial income +€2,845
up €2,845 (+118%), from €2,416 to €5,261
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 | €230,494 | €169,460 | -€61,035 | -26.5% |
| Fixed assets | 21/28 | €3,110 | €1,181 | -€1,929 | -62.0% |
| Tangible fixed assets | 22/27 | €3,110 | €1,181 | -€1,929 | -62.0% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,110 | €1,181 | -€1,929 | -62.0% |
| Current assets | 29/58 | €227,384 | €168,279 | -€59,106 | -26.0% |
| Amounts receivable within one year | 40/41 | €154,959 | €121,183 | -€33,776 | -21.8% |
| Trade receivables | 40 | €18,150 | €19,058 | +€908 | +5.0% |
| Other amounts receivable | 41 | €136,809 | €102,125 | -€34,684 | -25.4% |
| Cash at bank and in hand | 54/58 | €65,816 | €38,267 | -€27,549 | -41.9% |
| Deferred charges and accrued income | 490/1 | €6,609 | €8,829 | +€2,220 | +33.6% |
| Total equity and liabilities | 10/49 | €230,494 | €169,460 | -€61,035 | -26.5% |
| Equity | 10/15 | €60,000 | €60,000 | = | 0.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,494 | €109,460 | -€61,035 | -35.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €169,868 | €108,986 | -€60,882 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €199 | €1,652 | +€1,453 | +730% |
| Suppliers | 440/4 | €199 | €1,652 | +€1,453 | +730% |
| Taxes, remuneration and social security | 45 | €12,675 | €13,151 | +€476 | +3.8% |
| Taxes | 450/3 | €10,010 | €13,151 | +€3,141 | +31.4% |
| Remuneration and social security | 454/9 | €2,665 | €0 | -€2,665 | -100% |
| Other amounts payable | 47/48 | €156,994 | €94,183 | -€62,811 | -40.0% |
| Accrued charges and deferred income | 492/3 | €626 | €473 | -€153 | -24.4% |
| Non-recurring operating income | 76A | €147,802 | €0 | -€147,802 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,080 | €1,929 | -€151 | -7.3% |
| Other operating charges | 640/8 | €1,019 | €892 | -€127 | -12.4% |
| Gross operating margin | 9900 | €224,651 | €102,477 | -€122,174 | -54.4% |
| Operating profit (loss) | 9901 | €221,552 | €99,655 | -€121,897 | -55.0% |
| Financial income | 75/76B | €2,416 | €5,261 | +€2,845 | +118% |
| Recurring financial income | 75 | €2,416 | €5,261 | +€2,845 | +118% |
| Financial charges | 65/66B | €6,159 | €4,074 | -€2,085 | -33.9% |
| Recurring financial charges | 65 | €6,159 | €4,074 | -€2,085 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €217,809 | €100,842 | -€116,967 | -53.7% |
| Income taxes | 67/77 | €47,394 | €21,951 | -€25,443 | -53.7% |
| Profit (loss) for the period | 9904 | €170,415 | €78,891 | -€91,524 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €170,415 | €78,891 | -€91,524 | -53.7% |
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 16 October 2026 via checked.be.