MEFORCE: 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.
MEFORCE
Largest movements
- Cash +€70,334
up €70,334 (+56.5%), from €124,537 to €194,871
mainly Net result for the year (+€65,886) and Depreciation (+€11,197)
- Tangible fixed assets -€11,197
down €11,197 (-82.7%), from €13,546 to €2,348
- Receivables within one year +€9,625
up €9,625 (+52.0%), from €18,497 to €28,122
of which Trade receivables: +€28,122
- Reserves +€61,806
up €61,806 (+21.9%), from €282,528 to €344,334
- Profit (loss) carried forward +€4,080
up €4,080, from -€4,080 to €0
- Gross operating margin +€90,913
up €90,913 (+546.2%), from €16,645 to €107,559
- Taxes +€25,328
up €25,328 (+1739.4%), from €1,456 to €26,784
- Staff costs -€5,534
down €5,534 (-45.9%), from €12,064 to €6,530
- Financial income -€1,236
down €1,236 (-21.8%), from €5,673 to €4,437
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 | €290,802 | €359,605 | +€68,803 | +23.7% |
| Fixed assets | 21/28 | €13,546 | €2,348 | -€11,197 | -82.7% |
| Tangible fixed assets | 22/27 | €13,546 | €2,348 | -€11,197 | -82.7% |
| Furniture and vehicles | 24 | €13,546 | €2,348 | -€11,197 | -82.7% |
| Current assets | 29/58 | €277,256 | €357,257 | +€80,001 | +28.9% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,497 | €28,122 | +€9,625 | +52.0% |
| Trade receivables | 40 | €0 | €28,122 | +€28,122 | |
| Other amounts receivable | 41 | €18,497 | €0 | -€18,497 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €124,537 | €194,871 | +€70,334 | +56.5% |
| Deferred charges and accrued income | 490/1 | €4,222 | €4,263 | +€42 | +1.0% |
| Total equity and liabilities | 10/49 | €290,802 | €359,605 | +€68,803 | +23.7% |
| Equity | 10/15 | €278,448 | €344,334 | +€65,886 | +23.7% |
| Reserves | 13 | €282,528 | €344,334 | +€61,806 | +21.9% |
| Distributable reserves | 133 | €282,528 | €344,334 | +€61,806 | +21.9% |
| Profit (loss) carried forward | 14 | -€4,080 | €0 | +€4,080 | |
| Amounts payable | 17/49 | €12,354 | €15,271 | +€2,917 | +23.6% |
| Amounts payable within one year | 42/48 | €12,354 | €15,271 | +€2,917 | +23.6% |
| Trade debts | 44 | €1,524 | €1,777 | +€253 | +16.6% |
| Suppliers | 440/4 | €1,524 | €1,777 | +€253 | +16.6% |
| Taxes, remuneration and social security | 45 | €10,830 | €13,000 | +€2,171 | +20.0% |
| Taxes | 450/3 | €7,635 | €10,841 | +€3,206 | +42.0% |
| Remuneration and social security | 454/9 | €3,195 | €2,160 | -€1,035 | -32.4% |
| Other amounts payable | 47/48 | €0 | €494 | +€494 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €12,064 | €6,530 | -€5,534 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,197 | €11,197 | = | 0.0% |
| Other operating charges | 640/8 | €1,570 | €1,491 | -€79 | -5.0% |
| Gross operating margin | 9900 | €16,645 | €107,559 | +€90,913 | +546.2% |
| Operating profit (loss) | 9901 | -€8,186 | €88,341 | +€96,526 | |
| Financial income | 75/76B | €5,673 | €4,437 | -€1,236 | -21.8% |
| Recurring financial income | 75 | €5,673 | €4,437 | -€1,236 | -21.8% |
| Financial charges | 65/66B | €111 | €108 | -€3 | -2.9% |
| Recurring financial charges | 65 | €111 | €108 | -€3 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,624 | €92,670 | +€95,294 | |
| Income taxes | 67/77 | €1,456 | €26,784 | +€25,328 | +1739.4% |
| Profit (loss) for the period | 9904 | -€4,080 | €65,886 | +€69,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,080 | €65,886 | +€69,966 |
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 1 October 2026 via checked.be.