MEG Participations: 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 Participations
Largest movements
- Cash +€560,718
up €560,718 (+426%), from €131,758 to €692,476
mainly Net result for the year (+€366,409) and Current investments (+€200,000)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Reserves +€366,409
up €366,409 (+163%), from €225,246 to €591,655
- Financial income +€337,654
up €337,654 (+500%), from €67,504 to €405,158
- Taxes +€30,697
up €30,697 (+516%), from €5,944 to €36,641
- Other operating charges -€261
down €261 (-54.7%), from €477 to €216
- Financial charges +€247
up €247 (+515%), from €48 to €295
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 | €4,888,739 | €5,247,967 | +€359,228 | +7.3% |
| Fixed assets | 21/28 | €4,555,491 | €4,555,491 | = | 0.0% |
| Financial fixed assets | 28 | €4,555,491 | €4,555,491 | = | 0.0% |
| Current assets | 29/58 | €333,248 | €692,476 | +€359,228 | +108% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €131,758 | €692,476 | +€560,718 | +426% |
| Deferred charges and accrued income | 490/1 | €1,490 | - | -€1,490 | |
| Total equity and liabilities | 10/49 | €4,888,739 | €5,247,967 | +€359,228 | +7.3% |
| Equity | 10/15 | €4,780,737 | €5,147,146 | +€366,409 | +7.7% |
| Contributions | 10/11 | €4,555,491 | €4,555,491 | = | 0.0% |
| Reserves | 13 | €225,246 | €591,655 | +€366,409 | +163% |
| Distributable reserves | 133 | €225,246 | €591,655 | +€366,409 | +163% |
| Amounts payable | 17/49 | €108,002 | €100,821 | -€7,181 | -6.6% |
| Amounts payable within one year | 42/48 | €108,002 | €100,821 | -€7,181 | -6.6% |
| Trade debts | 44 | €868 | €999 | +€131 | +15.1% |
| Suppliers | 440/4 | €868 | €999 | +€131 | +15.1% |
| Taxes, remuneration and social security | 45 | €43,953 | €36,641 | -€7,312 | -16.6% |
| Taxes | 450/3 | €43,953 | €36,641 | -€7,312 | -16.6% |
| Other amounts payable | 47/48 | €63,181 | €63,181 | = | 0.0% |
| Other operating charges | 640/8 | €477 | €216 | -€261 | -54.7% |
| Gross operating margin | 9900 | -€1,597 | -€1,597 | = | 0.0% |
| Operating profit (loss) | 9901 | -€2,074 | -€1,813 | +€261 | +12.6% |
| Financial income | 75/76B | €67,504 | €405,158 | +€337,654 | +500% |
| Recurring financial income | 75 | €67,504 | €405,158 | +€337,654 | +500% |
| Financial charges | 65/66B | €48 | €295 | +€247 | +515% |
| Recurring financial charges | 65 | €48 | €295 | +€247 | +515% |
| Profit (loss) for the period before taxes | 9903 | €65,382 | €403,050 | +€337,668 | +516% |
| Income taxes | 67/77 | €5,944 | €36,641 | +€30,697 | +516% |
| Profit (loss) for the period | 9904 | €59,438 | €366,409 | +€306,971 | +516% |
| Profit (loss) for the period to be appropriated | 9905 | €59,438 | €366,409 | +€306,971 | +516% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.