MEEF: what changed
Two fiscal 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.
MEEF
Largest movements
- Cash +€62,362
up €62,362 (+609.1%), from €10,238 to €72,600
mainly Net result for the year (+€67,329) and Tax, wage and social debts (+€14,285)
- Receivables within one year +€22,194
up €22,194 (+152.0%), from €14,605 to €36,799
- Tangible fixed assets -€2,732
down €2,732 (-22.8%), from €11,986 to €9,254
of which Furniture and vehicles: -€1,577
- Profit (loss) carried forward +€67,329
up €67,329 (+318.7%), from €21,126 to €88,455
- Tax, wage and social debts +€14,285
up €14,285 (+142.2%), from €10,045 to €24,330
- Gross operating margin +€60,949
up €60,949 (+227.2%), from €26,831 to €87,780
- Taxes +€12,156
up €12,156 (+227.9%), from €5,333 to €17,489
- Depreciation +€2,433
up €2,433 (+660.4%), from €368 to €2,802
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 | €37,520 | €119,289 | +€81,770 | +217.9% |
| Fixed assets | 21/28 | €12,677 | €9,875 | -€2,802 | -22.1% |
| Intangible fixed assets | 21 | €691 | €621 | -€70 | -10.1% |
| Tangible fixed assets | 22/27 | €11,986 | €9,254 | -€2,732 | -22.8% |
| Furniture and vehicles | 24 | €6,363 | €4,786 | -€1,577 | -24.8% |
| Other tangible fixed assets | 26 | €5,623 | €4,468 | -€1,155 | -20.5% |
| Current assets | 29/58 | €24,843 | €109,415 | +€84,572 | +340.4% |
| Amounts receivable within one year | 40/41 | €14,605 | €36,799 | +€22,194 | +152.0% |
| Trade receivables | 40 | €14,605 | €36,799 | +€22,194 | +152.0% |
| Cash at bank and in hand | 54/58 | €10,238 | €72,600 | +€62,362 | +609.1% |
| Deferred charges and accrued income | 490/1 | - | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €37,520 | €119,289 | +€81,770 | +217.9% |
| Equity | 10/15 | €24,126 | €91,455 | +€67,329 | +279.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,126 | €88,455 | +€67,329 | +318.7% |
| Amounts payable | 17/49 | €13,394 | €27,834 | +€14,441 | +107.8% |
| Amounts payable within one year | 42/48 | €13,394 | €27,834 | +€14,441 | +107.8% |
| Trade debts | 44 | €667 | €571 | -€96 | -14.5% |
| Suppliers | 440/4 | €667 | €571 | -€96 | -14.5% |
| Advances received on contracts in progress | 46 | - | €712 | +€712 | |
| Taxes, remuneration and social security | 45 | €10,045 | €24,330 | +€14,285 | +142.2% |
| Taxes | 450/3 | €10,045 | €24,330 | +€14,285 | +142.2% |
| Other amounts payable | 47/48 | €2,682 | €2,221 | -€460 | -17.2% |
| Remuneration, social security and pensions | 62 | - | €56 | +€56 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €2,802 | +€2,433 | +660.4% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €26,831 | €87,780 | +€60,949 | +227.2% |
| Operating profit (loss) | 9901 | €26,462 | €84,860 | +€58,398 | +220.7% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €4 | €64 | +€61 | +1616.0% |
| Recurring financial charges | 65 | €4 | €64 | +€61 | +1616.0% |
| Profit (loss) for the period before taxes | 9903 | €26,459 | €84,819 | +€58,360 | +220.6% |
| Income taxes | 67/77 | €5,333 | €17,489 | +€12,156 | +227.9% |
| Profit (loss) for the period | 9904 | €21,126 | €67,329 | +€46,204 | +218.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,126 | €67,329 | +€46,204 | +218.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.