MEES³: 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.
MEES³
Largest movements
- Receivables within one year -€89,148
down €89,148 (-63.4%), from €140,559 to €51,411
of which Other amounts receivable: -€88,699
- Tangible fixed assets +€61,012
up €61,012 (+38534.4%), from €158 to €61,170
of which Furniture and vehicles: +€61,112
- Cash -€12,299
down €12,299 (-48.5%), from €25,350 to €13,051
mainly Contributions, distributions and other (-€202,000) and Investment in fixed assets (net) (-€61,212)
- Reserves -€137,390
down €137,390 (-100.0%), from €137,436 to €46
- Other debts +€61,200
new in 2025: €61,200
- Debts after one year +€25,381
new in 2025: €25,381
- Current portion of long-term debt +€24,619
new in 2025: €24,619
- Tax, wage and social debts -€11,417
down €11,417 (-45.9%), from €24,899 to €13,481
- Gross operating margin +€14,432
up €14,432 (+22.4%), from €64,314 to €78,746
- Taxes +€2,262
up €2,262 (+14.6%), from €15,453 to €17,715
- Financial income -€1,286
down €1,286 (-18.4%), from €6,998 to €5,712
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 | €173,200 | €131,251 | -€41,949 | -24.2% |
| Fixed assets | 21/28 | €3,450 | €63,962 | +€60,512 | +1754.0% |
| Intangible fixed assets | 21 | €3,292 | €2,792 | -€500 | -15.2% |
| Tangible fixed assets | 22/27 | €158 | €61,170 | +€61,012 | +38534.4% |
| Plant, machinery and equipment | 23 | €158 | €58 | -€100 | -63.2% |
| Furniture and vehicles | 24 | - | €61,112 | +€61,112 | |
| Current assets | 29/58 | €169,750 | €67,290 | -€102,461 | -60.4% |
| Amounts receivable within one year | 40/41 | €140,559 | €51,411 | -€89,148 | -63.4% |
| Trade receivables | 40 | €2,398 | €1,949 | -€450 | -18.7% |
| Other amounts receivable | 41 | €138,161 | €49,462 | -€88,699 | -64.2% |
| Cash at bank and in hand | 54/58 | €25,350 | €13,051 | -€12,299 | -48.5% |
| Deferred charges and accrued income | 490/1 | €3,841 | €2,828 | -€1,013 | -26.4% |
| Total equity and liabilities | 10/49 | €173,200 | €131,251 | -€41,949 | -24.2% |
| Equity | 10/15 | €142,436 | €5,046 | -€137,390 | -96.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €137,436 | €46 | -€137,390 | -100.0% |
| Distributable reserves | 133 | €137,436 | €46 | -€137,390 | -100.0% |
| Amounts payable | 17/49 | €30,764 | €126,205 | +€95,441 | +310.2% |
| Amounts payable after more than one year | 17 | - | €25,381 | +€25,381 | |
| Financial debts | 170/4 | - | €25,381 | +€25,381 | |
| Amounts payable within one year | 42/48 | €30,764 | €100,824 | +€70,060 | +227.7% |
| Current portion of amounts payable after more than one year | 42 | - | €24,619 | +€24,619 | |
| Trade debts | 44 | €5,865 | €1,524 | -€4,342 | -74.0% |
| Suppliers | 440/4 | €5,865 | €1,524 | -€4,342 | -74.0% |
| Taxes, remuneration and social security | 45 | €24,899 | €13,481 | -€11,417 | -45.9% |
| Taxes | 450/3 | €24,899 | €13,481 | -€11,417 | -45.9% |
| Other amounts payable | 47/48 | - | €61,200 | +€61,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €701 | +€101 | +16.8% |
| Other operating charges | 640/8 | €740 | €1,107 | +€367 | +49.6% |
| Gross operating margin | 9900 | €64,314 | €78,746 | +€14,432 | +22.4% |
| Operating profit (loss) | 9901 | €62,973 | €76,938 | +€13,964 | +22.2% |
| Financial income | 75/76B | €6,998 | €5,712 | -€1,286 | -18.4% |
| Recurring financial income | 75 | €6,998 | €5,712 | -€1,286 | -18.4% |
| Financial charges | 65/66B | €544 | €325 | -€220 | -40.4% |
| Recurring financial charges | 65 | €544 | €325 | -€220 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €69,427 | €82,325 | +€12,898 | +18.6% |
| Income taxes | 67/77 | €15,453 | €17,715 | +€2,262 | +14.6% |
| Profit (loss) for the period | 9904 | €53,974 | €64,610 | +€10,635 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,974 | €64,610 | +€10,635 | +19.7% |
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.