MEED GROUP: 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.
MEED GROUP
Largest movements
- Receivables within one year +€11,081
up €11,081 (+104.7%), from €10,581 to €21,663
of which Trade receivables: +€11,449
- Cash -€2,402
down €2,402 (-32.0%), from €7,512 to €5,110
mainly Receivables within one year (-€11,081) and Contributions, distributions and other (-€1,145)
- Intangible fixed assets -€1,370
down €1,370 (-23.3%), from €5,878 to €4,508
- Tangible fixed assets -€1,025
down €1,025 (-79.7%), from €1,285 to €260
- Deferred charges and accrued income +€713
up €713 (+8391.4%), from €9 to €722
- Profit (loss) carried forward +€4,449
up €4,449 (+156.9%), from €2,835 to €7,284
- Tax, wage and social debts +€3,463
up €3,463 (+53.1%), from €6,521 to €9,984
of which Taxes: +€2,192
- Investment grants -€1,145
down €1,145 (-25.0%), from €4,580 to €3,435
- Gross operating margin +€6,419
up €6,419 (+148.6%), from €4,319 to €10,738
- Financial charges +€3,156
up €3,156 (+4460.8%), from €71 to €3,227
- Depreciation +€659
up €659 (+37.9%), from €1,736 to €2,395
- Taxes +€616
up €616 (+205.3%), from €300 to €916
- Other operating charges +€486
up €486 (+90.8%), from €535 to €1,022
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,266 | €32,263 | +€6,998 | +27.7% |
| Fixed assets | 21/28 | €7,164 | €4,769 | -€2,395 | -33.4% |
| Intangible fixed assets | 21 | €5,878 | €4,508 | -€1,370 | -23.3% |
| Tangible fixed assets | 22/27 | €1,285 | €260 | -€1,025 | -79.7% |
| Furniture and vehicles | 24 | €1,285 | €260 | -€1,025 | -79.7% |
| Current assets | 29/58 | €18,102 | €27,494 | +€9,393 | +51.9% |
| Amounts receivable within one year | 40/41 | €10,581 | €21,663 | +€11,081 | +104.7% |
| Trade receivables | 40 | €8,050 | €19,499 | +€11,449 | +142.2% |
| Other amounts receivable | 41 | €2,531 | €2,164 | -€368 | -14.5% |
| Cash at bank and in hand | 54/58 | €7,512 | €5,110 | -€2,402 | -32.0% |
| Deferred charges and accrued income | 490/1 | €9 | €722 | +€713 | +8391.4% |
| Total equity and liabilities | 10/49 | €25,266 | €32,263 | +€6,998 | +27.7% |
| Equity | 10/15 | €15,415 | €18,719 | +€3,304 | +21.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,835 | €7,284 | +€4,449 | +156.9% |
| Investment grants | 15 | €4,580 | €3,435 | -€1,145 | -25.0% |
| Amounts payable | 17/49 | €9,851 | €13,544 | +€3,694 | +37.5% |
| Amounts payable within one year | 42/48 | €9,851 | €13,544 | +€3,694 | +37.5% |
| Trade debts | 44 | €829 | €1,060 | +€231 | +27.9% |
| Suppliers | 440/4 | €829 | €1,060 | +€231 | +27.9% |
| Taxes, remuneration and social security | 45 | €6,521 | €9,984 | +€3,463 | +53.1% |
| Taxes | 450/3 | €3,712 | €5,904 | +€2,192 | +59.1% |
| Remuneration and social security | 454/9 | €2,809 | €4,080 | +€1,271 | +45.2% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,736 | €2,395 | +€659 | +37.9% |
| Other operating charges | 640/8 | €535 | €1,022 | +€486 | +90.8% |
| Gross operating margin | 9900 | €4,319 | €10,738 | +€6,419 | +148.6% |
| Operating profit (loss) | 9901 | €2,047 | €7,322 | +€5,274 | +257.7% |
| Financial income | 75/76B | €1,159 | €1,270 | +€112 | +9.6% |
| Recurring financial income | 75 | €1,159 | €1,270 | +€112 | +9.6% |
| Financial charges | 65/66B | €71 | €3,227 | +€3,156 | +4460.8% |
| Recurring financial charges | 65 | €71 | €3,227 | +€3,156 | +4460.8% |
| Profit (loss) for the period before taxes | 9903 | €3,135 | €5,365 | +€2,230 | +71.1% |
| Income taxes | 67/77 | €300 | €916 | +€616 | +205.3% |
| Profit (loss) for the period | 9904 | €2,835 | €4,449 | +€1,614 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,835 | €4,449 | +€1,614 | +56.9% |
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 9 October 2026 via checked.be.