MEG@: 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.
MEG@
Largest movements
- Receivables within one year -€295,243
down €295,243 (-78.4%), from €376,371 to €81,129
of which Trade receivables: -€304,207
- Cash +€7,914
up €7,914 (+39.6%), from €20,007 to €27,921
mainly Receivables within one year (+€295,243) and Depreciation (+€4,703)
- Intangible fixed assets -€4,703
down €4,703 (-41.5%), from €11,340 to €6,637
- Trade debts -€157,033
down €157,033 (-76.0%), from €206,593 to €49,560
- Accrued charges and deferred income -€136,641
down €136,641 (-73.1%), from €186,841 to €50,200
- Gross operating margin -€13,604
down €13,604 (-27.1%), from €50,254 to €36,649
- Staff costs -€3,694
down €3,694 (-11.8%), from €31,414 to €27,720
- Depreciation -€2,016
down €2,016 (-30.0%), from €6,720 to €4,703
- Financial income -€1,227
no longer reported in 2025 (was €1,227)
- Financial charges -€888
down €888 (-85.4%), from €1,039 to €152
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 | €408,732 | €116,932 | -€291,801 | -71.4% |
| Fixed assets | 21/28 | €11,928 | €7,225 | -€4,703 | -39.4% |
| Intangible fixed assets | 21 | €11,340 | €6,637 | -€4,703 | -41.5% |
| Financial fixed assets | 28 | €588 | €588 | = | 0.0% |
| Current assets | 29/58 | €396,804 | €109,706 | -€287,098 | -72.4% |
| Amounts receivable within one year | 40/41 | €376,371 | €81,129 | -€295,243 | -78.4% |
| Trade receivables | 40 | €372,648 | €68,441 | -€304,207 | -81.6% |
| Other amounts receivable | 41 | €3,724 | €12,688 | +€8,964 | +240.7% |
| Cash at bank and in hand | 54/58 | €20,007 | €27,921 | +€7,914 | +39.6% |
| Deferred charges and accrued income | 490/1 | €426 | €657 | +€231 | +54.1% |
| Total equity and liabilities | 10/49 | €408,732 | €116,932 | -€291,801 | -71.4% |
| Equity | 10/15 | €5,862 | €8,557 | +€2,694 | +46.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138 | €2,557 | +€2,694 | |
| Amounts payable | 17/49 | €402,870 | €108,375 | -€294,495 | -73.1% |
| Amounts payable within one year | 42/48 | €216,029 | €58,175 | -€157,854 | -73.1% |
| Trade debts | 44 | €206,593 | €49,560 | -€157,033 | -76.0% |
| Suppliers | 440/4 | €206,593 | €49,560 | -€157,033 | -76.0% |
| Taxes, remuneration and social security | 45 | €3,909 | €4,402 | +€494 | +12.6% |
| Taxes | 450/3 | €500 | €950 | +€450 | +90.0% |
| Remuneration and social security | 454/9 | €3,409 | €3,452 | +€44 | +1.3% |
| Other amounts payable | 47/48 | €5,528 | €4,213 | -€1,315 | -23.8% |
| Accrued charges and deferred income | 492/3 | €186,841 | €50,200 | -€136,641 | -73.1% |
| Remuneration, social security and pensions | 62 | €31,414 | €27,720 | -€3,694 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,720 | €4,703 | -€2,016 | -30.0% |
| Other operating charges | 640/8 | €384 | €407 | +€23 | +5.9% |
| Gross operating margin | 9900 | €50,254 | €36,649 | -€13,604 | -27.1% |
| Operating profit (loss) | 9901 | €11,735 | €3,819 | -€7,916 | -67.5% |
| Financial income | 75/76B | €1,227 | - | -€1,227 | |
| Recurring financial income | 75 | €1,227 | - | -€1,227 | |
| Financial charges | 65/66B | €1,039 | €152 | -€888 | -85.4% |
| Recurring financial charges | 65 | €1,039 | €152 | -€888 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €11,923 | €3,667 | -€8,256 | -69.2% |
| Income taxes | 67/77 | €500 | €973 | +€473 | +94.6% |
| Profit (loss) for the period | 9904 | €11,423 | €2,694 | -€8,729 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,423 | €2,694 | -€8,729 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.