MEG MAISON: 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.
What changed
MEG MAISON
NACE 43.120, Site preparation
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€64,149
2025 · €21,617+€42,531
Equity
€290,301
2025 · €299,484-€9,183
Cash
€138
2025 · €4,874-€4,736
Balance sheet total
€851,729
2025 · €863,779-€12,050
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts +€42,618
up €42,618 (+17.0%), from €250,081 to €292,700
- Other debts -€29,479
down €29,479 (-74.8%), from €39,420 to €9,941
- Debts after one year -€26,942
down €26,942 (-21.7%), from €124,087 to €97,145
- Tax, wage and social debts +€14,571
up €14,571 (+98.8%), from €14,748 to €29,318
of which Taxes: +€15,952
Income statement
- Gross operating margin +€74,376
up €74,376 (+46.8%), from €158,961 to €233,337
- Taxes +€19,989
up €19,989 (+336%), from €5,942 to €25,931
- Staff costs +€14,230
up €14,230 (+39.2%), from €36,326 to €50,556
- Other operating charges -€6,845
down €6,845 (-67.8%), from €10,102 to €3,257
From the 2025 result to the 2026 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.
Result 2025
€21,617
Gross operating margin
+€74,376
Staff costs
-€14,230
Depreciation
-€1,329
Other operating charges
+€6,845
Financial income
-€1,598
Financial charges
-€1,544
Taxes
-€19,989
Result 2026
€64,149
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€163,581
Investment
-€64,409
Financing
-€103,909
Cash 2025
€4,874
From operations (derived)
+€163,581
Net result for the year
+€64,149
Depreciation
+€69,451
Receivables within one year
-€925
Deferred charges and accrued income
+€3,197
Trade debts
+€42,618
Tax, wage and social debts
+€14,571
Other debts
-€29,479
Investment (derived)
-€64,409
Investment in fixed assets (net)
-€64,409
Financing
-€103,909
Debts after one year
-€26,942
Current portion of long-term debt
-€7,532
Short-term financial debts
+€3,897
Contributions, distributions and other
-€73,332
Cash 2026
€138
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,779 | €851,729 | -€12,050 | -1.4% |
| Fixed assets | 21/28 | €499,656 | €494,614 | -€5,042 | -1.0% |
| Tangible fixed assets | 22/27 | €496,136 | €491,093 | -€5,042 | -1.0% |
| Land and buildings | 22 | €360,299 | €342,212 | -€18,087 | -5.0% |
| Plant, machinery and equipment | 23 | €14,129 | €12,134 | -€1,995 | -14.1% |
| Furniture and vehicles | 24 | €9,095 | €12,252 | +€3,157 | +34.7% |
| Leasing and similar rights | 25 | €106,075 | €121,239 | +€15,163 | +14.3% |
| Other tangible fixed assets | 26 | €6,537 | €3,256 | -€3,281 | -50.2% |
| Financial fixed assets | 28 | €3,520 | €3,520 | = | 0.0% |
| Current assets | 29/58 | €364,123 | €357,116 | -€7,008 | -1.9% |
| Amounts receivable within one year | 40/41 | €347,582 | €348,507 | +€925 | +0.3% |
| Trade receivables | 40 | €288,678 | €326,376 | +€37,698 | +13.1% |
| Other amounts receivable | 41 | €58,903 | €22,131 | -€36,773 | -62.4% |
| Cash at bank and in hand | 54/58 | €4,874 | €138 | -€4,736 | -97.2% |
| Deferred charges and accrued income | 490/1 | €11,667 | €8,471 | -€3,197 | -27.4% |
| Total equity and liabilities | 10/49 | €863,779 | €851,729 | -€12,050 | -1.4% |
| Equity | 10/15 | €299,484 | €290,301 | -€9,183 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,860 | €143,860 | -€6,000 | -4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €148,000 | €142,000 | -€6,000 | -4.1% |
| Profit (loss) carried forward | 14 | €131,024 | €127,841 | -€3,183 | -2.4% |
| Amounts payable | 17/49 | €564,295 | €561,429 | -€2,867 | -0.5% |
| Amounts payable after more than one year | 17 | €124,087 | €97,145 | -€26,942 | -21.7% |
| Financial debts | 170/4 | €124,087 | €97,145 | -€26,942 | -21.7% |
| Amounts payable within one year | 42/48 | €440,208 | €464,284 | +€24,075 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €75,667 | €68,136 | -€7,532 | -10.0% |
| Financial debts | 43 | €60,292 | €64,189 | +€3,897 | +6.5% |
| Credit institutions | 430/8 | €56,847 | €60,766 | +€3,918 | +6.9% |
| Other loans | 439 | €3,445 | €3,423 | -€22 | -0.6% |
| Trade debts | 44 | €250,081 | €292,700 | +€42,618 | +17.0% |
| Suppliers | 440/4 | €250,081 | €292,700 | +€42,618 | +17.0% |
| Taxes, remuneration and social security | 45 | €14,748 | €29,318 | +€14,571 | +98.8% |
| Taxes | 450/3 | €4,273 | €20,225 | +€15,952 | +373% |
| Remuneration and social security | 454/9 | €10,475 | €9,093 | -€1,382 | -13.2% |
| Other amounts payable | 47/48 | €39,420 | €9,941 | -€29,479 | -74.8% |
| Remuneration, social security and pensions | 62 | €36,326 | €50,556 | +€14,230 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,122 | €69,451 | +€1,329 | +2.0% |
| Other operating charges | 640/8 | €10,102 | €3,257 | -€6,845 | -67.8% |
| Gross operating margin | 9900 | €158,961 | €233,337 | +€74,376 | +46.8% |
| Operating profit (loss) | 9901 | €44,412 | €110,073 | +€65,662 | +148% |
| Financial income | 75/76B | €4,224 | €2,626 | -€1,598 | -37.8% |
| Recurring financial income | 75 | €4,224 | €2,626 | -€1,598 | -37.8% |
| Financial charges | 65/66B | €21,076 | €22,620 | +€1,544 | +7.3% |
| Recurring financial charges | 65 | €21,076 | €22,620 | +€1,544 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €27,560 | €90,080 | +€62,520 | +227% |
| Income taxes | 67/77 | €5,942 | €25,931 | +€19,989 | +336% |
| Profit (loss) for the period | 9904 | €21,617 | €64,149 | +€42,531 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €21,617 | €64,149 | +€42,531 | +197% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.