MEBI: 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.
What changed
MEBI
NACE 47.712, Retail trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€91,022
2024 · €197,580-€106,559
Equity
€935,024
2024 · €844,003+€91,022
Cash
€42,456
2024 · €528,714-€486,257
Balance sheet total
€9.4m
2024 · €10.7m-€1.4m
Largest movements
Assets
- Tangible fixed assets -€629,521
down €629,521 (-7.1%), from €8.8m to €8.2m
of which Land and buildings: -€598,829
- Cash -€486,257
down €486,257 (-92.0%), from €528,714 to €42,456
mainly Debts after one year (-€1.0m) and Tax, wage and social debts (-€195,480)
- Receivables within one year -€213,650
down €213,650 (-36.2%), from €590,681 to €377,031
of which Other amounts receivable: -€228,462
Equity and liabilities
- Debts after one year -€1.0m
down €1.0m (-13.4%), from €7.5m to €6.5m
- Tax, wage and social debts -€195,480
down €195,480 (-59.4%), from €329,183 to €133,703
of which Taxes: -€195,727
- Short-term financial debts -€184,748
down €184,748 (-55.2%), from €334,748 to €150,000
Income statement
- Gross operating margin -€185,603
down €185,603 (-15.6%), from €1.2m to €1.0m
- Write-downs -€50,072
down €50,072, from €33,367 to -€16,705
- Depreciation +€38,306
up €38,306 (+10.6%), from €363,049 to €401,354
- Financial charges -€19,723
down €19,723 (-6.8%), from €289,556 to €269,833
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.
Result 2024
€197,580
Gross operating margin
-€185,603
Staff costs
+€10,784
Depreciation
-€38,306
Write-downs
+€50,072
Other operating charges
+€2,522
Financial income
-€975
Financial charges
+€19,723
Taxes
-€8,793
Deferred taxes and other
+€44,017
Result 2025
€91,022
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.
From operations
+€537,394
Investment
+€228,166
Financing
-€1.3m
Cash 2024
€528,714
From operations (derived)
+€537,394
Net result for the year
+€91,022
Depreciation
+€401,354
Receivables after one year
+€20,383
Stocks and contracts
-€41,637
Receivables within one year
+€213,650
Deferred charges and accrued income
+€61,656
Provisions
-€56,887
Trade debts
-€43,088
Tax, wage and social debts
-€195,480
Advances received
-€6,775
Other debts
+€97,892
Accrued charges and deferred income
-€4,695
Investment (derived)
+€228,166
Investment in fixed assets (net)
+€228,166
Financing
-€1.3m
Debts after one year
-€1.0m
Current portion of long-term debt
-€64,695
Short-term financial debts
-€184,748
Cash 2025
€42,456
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,740,359 | €9,370,529 | -€1.4m | -12.8% |
| Fixed assets | 21/28 | €8,849,078 | €8,219,557 | -€629,521 | -7.1% |
| Tangible fixed assets | 22/27 | €8,847,078 | €8,217,557 | -€629,521 | -7.1% |
| Land and buildings | 22 | €8,769,454 | €8,170,625 | -€598,829 | -6.8% |
| Plant, machinery and equipment | 23 | €6,027 | €3,438 | -€2,589 | -43.0% |
| Furniture and vehicles | 24 | €52,072 | €35,053 | -€17,020 | -32.7% |
| Leasing and similar rights | 25 | €19,525 | €8,442 | -€11,083 | -56.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,891,281 | €1,150,973 | -€740,308 | -39.1% |
| Amounts receivable after more than one year | 29 | €104,328 | €83,946 | -€20,383 | -19.5% |
| Other amounts receivable | 291 | €104,328 | €83,946 | -€20,383 | -19.5% |
| Stocks and contracts in progress | 3 | €586,560 | €628,197 | +€41,637 | +7.1% |
| Stocks | 30/36 | €586,560 | €628,197 | +€41,637 | +7.1% |
| Amounts receivable within one year | 40/41 | €590,681 | €377,031 | -€213,650 | -36.2% |
| Trade receivables | 40 | €155,239 | €170,051 | +€14,812 | +9.5% |
| Other amounts receivable | 41 | €435,442 | €206,980 | -€228,462 | -52.5% |
| Cash at bank and in hand | 54/58 | €528,714 | €42,456 | -€486,257 | -92.0% |
| Deferred charges and accrued income | 490/1 | €80,999 | €19,343 | -€61,656 | -76.1% |
| Total equity and liabilities | 10/49 | €10,740,359 | €9,370,529 | -€1.4m | -12.8% |
| Equity | 10/15 | €844,003 | €935,024 | +€91,022 | +10.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €819,213 | €910,235 | +€91,022 | +11.1% |
| Tax-exempt reserves | 132 | €630,204 | €459,544 | -€170,661 | -27.1% |
| Distributable reserves | 133 | €189,009 | €450,691 | +€261,683 | +138.4% |
| Provisions and deferred taxes | 16 | €210,068 | €153,181 | -€56,887 | -27.1% |
| Deferred taxes | 168 | €210,068 | €153,181 | -€56,887 | -27.1% |
| Amounts payable | 17/49 | €9,686,288 | €8,282,324 | -€1.4m | -14.5% |
| Amounts payable after more than one year | 17 | €7,490,321 | €6,487,946 | -€1.0m | -13.4% |
| Financial debts | 170/4 | €7,490,321 | €6,487,946 | -€1.0m | -13.4% |
| Amounts payable within one year | 42/48 | €2,161,280 | €1,764,386 | -€396,894 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €607,593 | €542,898 | -€64,695 | -10.6% |
| Financial debts | 43 | €334,748 | €150,000 | -€184,748 | -55.2% |
| Credit institutions | 430/8 | €334,748 | €150,000 | -€184,748 | -55.2% |
| Trade debts | 44 | €583,890 | €540,802 | -€43,088 | -7.4% |
| Suppliers | 440/4 | €583,890 | €540,802 | -€43,088 | -7.4% |
| Advances received on contracts in progress | 46 | €7,554 | €779 | -€6,775 | -89.7% |
| Taxes, remuneration and social security | 45 | €329,183 | €133,703 | -€195,480 | -59.4% |
| Taxes | 450/3 | €317,739 | €122,012 | -€195,727 | -61.6% |
| Remuneration and social security | 454/9 | €11,444 | €11,691 | +€247 | +2.2% |
| Other amounts payable | 47/48 | €298,312 | €396,205 | +€97,892 | +32.8% |
| Accrued charges and deferred income | 492/3 | €34,687 | €29,992 | -€4,695 | -13.5% |
| Non-recurring operating income | 76A | €142,547 | €141,644 | -€903 | -0.6% |
| Remuneration, social security and pensions | 62 | €178,058 | €167,274 | -€10,784 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,049 | €401,354 | +€38,306 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,367 | -€16,705 | -€50,072 | |
| Other operating charges | 640/8 | €53,728 | €51,206 | -€2,522 | -4.7% |
| Gross operating margin | 9900 | €1,189,370 | €1,003,768 | -€185,603 | -15.6% |
| Operating profit (loss) | 9901 | €561,168 | €400,638 | -€160,530 | -28.6% |
| Financial income | 75/76B | €4,829 | €3,854 | -€975 | -20.2% |
| Recurring financial income | 75 | €4,829 | €3,854 | -€975 | -20.2% |
| Financial charges | 65/66B | €289,556 | €269,833 | -€19,723 | -6.8% |
| Recurring financial charges | 65 | €289,556 | €269,833 | -€19,723 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €276,441 | €134,658 | -€141,783 | -51.3% |
| Transfer from deferred taxes | 780 | €12,870 | €56,887 | +€44,017 | +342.0% |
| Income taxes | 67/77 | €91,731 | €100,524 | +€8,793 | +9.6% |
| Profit (loss) for the period | 9904 | €197,580 | €91,022 | -€106,559 | -53.9% |
| Transfer from tax-exempt reserves | 789 | €38,610 | €170,661 | +€132,050 | +342.0% |
| Profit (loss) for the period to be appropriated | 9905 | €236,191 | €261,683 | +€25,492 | +10.8% |
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 12 October 2026 via checked.be.