MEBROM: 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.
MEBROM
Largest movements
- Tangible fixed assets -€35,082
down €35,082 (-21.3%), from €165,078 to €129,996
of which Plant, machinery and equipment: -€45,854
- Receivables within one year +€30,686
up €30,686 (+12.9%), from €237,502 to €268,187
of which Other amounts receivable: +€23,707
- Cash -€9,070
down €9,070 (-6.6%), from €136,699 to €127,629
mainly Receivables within one year (-€30,686) and Investment in fixed assets (net) (-€20,051)
- Reserves -€10,121
down €10,121 (-3.5%), from €288,965 to €278,844
of which Distributable reserves: -€10,121
- Other debts -€8,380
down €8,380 (-5.0%), from €166,891 to €158,511
- Gross operating margin -€129,852
down €129,852 (-75.2%), from €172,625 to €42,773
- Taxes -€30,210
no longer reported in 2025 (was €30,210)
- Depreciation +€4,813
up €4,813 (+9.6%), from €50,321 to €55,134
- Financial income +€3,887
up €3,887 (+320%), from €1,214 to €5,101
- Other operating charges +€2,074
up €2,074 (+112%), from €1,858 to €3,931
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 | €555,549 | €538,235 | -€17,315 | -3.1% |
| Fixed assets | 21/28 | €165,978 | €130,896 | -€35,082 | -21.1% |
| Tangible fixed assets | 22/27 | €165,078 | €129,996 | -€35,082 | -21.3% |
| Plant, machinery and equipment | 23 | €165,078 | €119,224 | -€45,854 | -27.8% |
| Furniture and vehicles | 24 | - | €10,771 | +€10,771 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €389,571 | €407,339 | +€17,768 | +4.6% |
| Stocks and contracts in progress | 3 | €13,323 | €9,450 | -€3,873 | -29.1% |
| Stocks | 30/36 | €13,323 | €9,450 | -€3,873 | -29.1% |
| Amounts receivable within one year | 40/41 | €237,502 | €268,187 | +€30,686 | +12.9% |
| Trade receivables | 40 | €86,037 | €93,015 | +€6,978 | +8.1% |
| Other amounts receivable | 41 | €151,465 | €175,172 | +€23,707 | +15.7% |
| Cash at bank and in hand | 54/58 | €136,699 | €127,629 | -€9,070 | -6.6% |
| Deferred charges and accrued income | 490/1 | €2,048 | €2,072 | +€24 | +1.2% |
| Total equity and liabilities | 10/49 | €555,549 | €538,235 | -€17,315 | -3.1% |
| Equity | 10/15 | €379,069 | €368,948 | -€10,121 | -2.7% |
| Contributions | 10/11 | €90,104 | €90,104 | = | 0.0% |
| Capital | 10 | €90,104 | €90,104 | = | 0.0% |
| Issued capital | 100 | €90,104 | €90,104 | = | 0.0% |
| Reserves | 13 | €288,965 | €278,844 | -€10,121 | -3.5% |
| Non-distributable reserves | 130/1 | €9,010 | €9,010 | = | 0.0% |
| Legal reserve | 130 | €9,010 | €9,010 | = | 0.0% |
| Distributable reserves | 133 | €279,955 | €269,833 | -€10,121 | -3.6% |
| Amounts payable | 17/49 | €176,480 | €169,287 | -€7,193 | -4.1% |
| Amounts payable within one year | 42/48 | €176,480 | €169,287 | -€7,193 | -4.1% |
| Trade debts | 44 | €9,589 | €10,776 | +€1,187 | +12.4% |
| Suppliers | 440/4 | €9,589 | €10,776 | +€1,187 | +12.4% |
| Other amounts payable | 47/48 | €166,891 | €158,511 | -€8,380 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,321 | €55,134 | +€4,813 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,592 | -€1,592 | |
| Other operating charges | 640/8 | €1,858 | €3,931 | +€2,074 | +112% |
| Gross operating margin | 9900 | €172,625 | €42,773 | -€129,852 | -75.2% |
| Operating profit (loss) | 9901 | €120,447 | -€14,700 | -€135,147 | |
| Financial income | 75/76B | €1,214 | €5,101 | +€3,887 | +320% |
| Recurring financial income | 75 | €1,214 | €5,101 | +€3,887 | +320% |
| Financial charges | 65/66B | €1,527 | €523 | -€1,004 | -65.8% |
| Recurring financial charges | 65 | €1,527 | €523 | -€1,004 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €120,134 | -€10,121 | -€130,255 | |
| Income taxes | 67/77 | €30,210 | - | -€30,210 | |
| Profit (loss) for the period | 9904 | €89,924 | -€10,121 | -€100,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,924 | -€10,121 | -€100,046 |
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 29 October 2026 via checked.be.