MEEDABEL: 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.
MEEDABEL
Largest movements
- Current investments +€2.0m
new in 2025: €2.0m
- Financial fixed assets -€934,287
no longer reported in 2025 (was €934,287)
- Cash -€213,597
down €213,597 (-64.2%), from €332,780 to €119,183
mainly Current investments (-€2.0m) and Receivables within one year (-€25,185)
- Tangible fixed assets -€40,540
down €40,540 (-12.9%), from €314,266 to €273,727
of which Land and buildings: -€22,198
- Receivables within one year +€25,185
up €25,185 (+802%), from €3,140 to €28,325
- Reserves +€770,877
up €770,877 (+1,142%), from €67,524 to €838,401
- Tax, wage and social debts +€76,174
up €76,174 (+2,728%), from €2,793 to €78,967
- Gross operating margin +€849,227
up €849,227 (+2,136%), from €39,764 to €888,991
- Taxes +€77,231
up €77,231 (+20,527%), from €376 to €77,608
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 | €1,590,842 | €2,427,273 | +€836,431 | +52.6% |
| Fixed assets | 21/28 | €1,248,553 | €273,727 | -€974,827 | -78.1% |
| Tangible fixed assets | 22/27 | €314,266 | €273,727 | -€40,540 | -12.9% |
| Land and buildings | 22 | €249,542 | €227,344 | -€22,198 | -8.9% |
| Furniture and vehicles | 24 | €64,724 | €46,383 | -€18,341 | -28.3% |
| Financial fixed assets | 28 | €934,287 | - | -€934,287 | |
| Current assets | 29/58 | €342,289 | €2,153,547 | +€1.8m | +529% |
| Amounts receivable within one year | 40/41 | €3,140 | €28,325 | +€25,185 | +802% |
| Other amounts receivable | 41 | €3,140 | €28,325 | +€25,185 | +802% |
| Current investments | 50/53 | - | €2,003,170 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €332,780 | €119,183 | -€213,597 | -64.2% |
| Deferred charges and accrued income | 490/1 | €6,369 | €2,869 | -€3,500 | -55.0% |
| Total equity and liabilities | 10/49 | €1,590,842 | €2,427,273 | +€836,431 | +52.6% |
| Equity | 10/15 | €1,571,798 | €2,342,675 | +€770,877 | +49.0% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €67,524 | €838,401 | +€770,877 | +1,142% |
| Distributable reserves | 133 | €67,524 | €838,401 | +€770,877 | +1,142% |
| Profit (loss) carried forward | 14 | €4,274 | €4,274 | = | 0.0% |
| Amounts payable | 17/49 | €19,044 | €84,598 | +€65,554 | +344% |
| Amounts payable within one year | 42/48 | €18,041 | €84,301 | +€66,261 | +367% |
| Trade debts | 44 | €2,433 | €5,334 | +€2,902 | +119% |
| Suppliers | 440/4 | €2,433 | €5,334 | +€2,902 | +119% |
| Taxes, remuneration and social security | 45 | €2,793 | €78,967 | +€76,174 | +2,728% |
| Taxes | 450/3 | €2,793 | €78,967 | +€76,174 | +2,728% |
| Other amounts payable | 47/48 | €12,816 | - | -€12,816 | |
| Accrued charges and deferred income | 492/3 | €1,003 | €297 | -€706 | -70.4% |
| Non-recurring operating income | 76A | - | €849,150 | +€849,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,540 | €40,540 | = | 0.0% |
| Other operating charges | 640/8 | €2,838 | €2,924 | +€86 | +3.0% |
| Gross operating margin | 9900 | €39,764 | €888,991 | +€849,227 | +2,136% |
| Operating profit (loss) | 9901 | -€3,614 | €845,527 | +€849,141 | |
| Financial income | 75/76B | €4,912 | €3,702 | -€1,210 | -24.6% |
| Recurring financial income | 75 | €4,912 | €3,702 | -€1,210 | -24.6% |
| Financial charges | 65/66B | €1,621 | €745 | -€876 | -54.0% |
| Recurring financial charges | 65 | €1,621 | €745 | -€876 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€322 | €848,485 | +€848,807 | |
| Income taxes | 67/77 | €376 | €77,608 | +€77,231 | +20,527% |
| Profit (loss) for the period | 9904 | -€699 | €770,877 | +€771,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€699 | €770,877 | +€771,575 |
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 21 October 2026 via checked.be.