MEFITA: 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.
MEFITA
Largest movements
- Cash +€74,892
up €74,892 (+16.7%), from €447,884 to €522,776
mainly Net result for the year (+€65,257) and Receivables within one year (+€4,362)
- Reserves +€65,257
up €65,257 (+16.1%), from €405,349 to €470,606
of which Distributable reserves: +€65,257
- Gross operating margin +€20,213
up €20,213 (+28.1%), from €71,978 to €92,191
- Taxes +€5,456
up €5,456 (+28.4%), from €19,234 to €24,690
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 | €467,958 | €537,301 | +€69,343 | +14.8% |
| Fixed assets | 21/28 | €2,664 | €1,106 | -€1,558 | -58.5% |
| Tangible fixed assets | 22/27 | €2,664 | €1,106 | -€1,558 | -58.5% |
| Furniture and vehicles | 24 | €1,451 | €316 | -€1,136 | -78.2% |
| Other tangible fixed assets | 26 | €1,213 | €790 | -€423 | -34.9% |
| Current assets | 29/58 | €465,294 | €536,195 | +€70,901 | +15.2% |
| Amounts receivable within one year | 40/41 | €16,337 | €11,975 | -€4,362 | -26.7% |
| Trade receivables | 40 | €15,529 | €11,851 | -€3,678 | -23.7% |
| Other amounts receivable | 41 | €808 | €125 | -€683 | -84.6% |
| Cash at bank and in hand | 54/58 | €447,884 | €522,776 | +€74,892 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,444 | +€371 | +34.6% |
| Total equity and liabilities | 10/49 | €467,958 | €537,301 | +€69,343 | +14.8% |
| Equity | 10/15 | €455,349 | €520,606 | +€65,257 | +14.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €405,349 | €470,606 | +€65,257 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €405,349 | €470,606 | +€65,257 | +16.1% |
| Amounts payable | 17/49 | €12,609 | €16,695 | +€4,086 | +32.4% |
| Amounts payable within one year | 42/48 | €12,222 | €16,295 | +€4,074 | +33.3% |
| Trade debts | 44 | €529 | €1,780 | +€1,252 | +237% |
| Suppliers | 440/4 | €529 | €1,780 | +€1,252 | +237% |
| Taxes, remuneration and social security | 45 | €9,781 | €12,290 | +€2,509 | +25.6% |
| Taxes | 450/3 | €9,781 | €12,290 | +€2,509 | +25.6% |
| Other amounts payable | 47/48 | €1,912 | €2,225 | +€313 | +16.4% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,032 | €1,558 | -€473 | -23.3% |
| Other operating charges | 640/8 | €602 | €539 | -€63 | -10.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €71,978 | €92,191 | +€20,213 | +28.1% |
| Operating profit (loss) | 9901 | €69,344 | €90,093 | +€20,749 | +29.9% |
| Financial income | 75/76B | €359 | €0 | -€359 | -100% |
| Recurring financial income | 75 | €359 | €0 | -€359 | -100% |
| Financial charges | 65/66B | €45 | €146 | +€101 | +224% |
| Recurring financial charges | 65 | €45 | €146 | +€101 | +224% |
| Profit (loss) for the period before taxes | 9903 | €69,658 | €89,947 | +€20,289 | +29.1% |
| Income taxes | 67/77 | €19,234 | €24,690 | +€5,456 | +28.4% |
| Profit (loss) for the period | 9904 | €50,424 | €65,257 | +€14,833 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,424 | €65,257 | +€14,833 | +29.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.