MEGA: 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.
MEGA
Largest movements
- Tangible fixed assets -€44,965
down €44,965 (-19.2%), from €234,109 to €189,144
of which Land and buildings: -€43,398
- Deferred charges and accrued income -€3,972
down €3,972 (-45.4%), from €8,747 to €4,775
- Profit (loss) carried forward -€51,432
down €51,432 (-6.9%), from -€741,360 to -€792,792
- Reserves -€9,118
down €9,118 (-29.2%), from €31,212 to €22,094
of which Tax-exempt reserves: -€9,118
- Trade debts +€6,753
up €6,753 (+281%), from €2,401 to €9,153
- Debts after one year +€6,313
up €6,313 (+1.3%), from €477,046 to €483,359
- Provisions -€3,210
down €3,210 (-44.2%), from €7,268 to €4,057
- Depreciation -€1,468
down €1,468 (-2.3%), from €62,771 to €61,303
- Gross operating margin +€586
up €586 (+45.4%), from €1,291 to €1,877
- Other operating charges +€83
up €83 (+2.0%), from €4,187 to €4,270
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 | €247,564 | €196,869 | -€50,695 | -20.5% |
| Fixed assets | 21/28 | €234,109 | €189,144 | -€44,965 | -19.2% |
| Tangible fixed assets | 22/27 | €234,109 | €189,144 | -€44,965 | -19.2% |
| Land and buildings | 22 | €147,545 | €104,147 | -€43,398 | -29.4% |
| Plant, machinery and equipment | 23 | €86,564 | €84,200 | -€2,364 | -2.7% |
| Furniture and vehicles | 24 | - | €797 | +€797 | |
| Current assets | 29/58 | €13,455 | €7,725 | -€5,730 | -42.6% |
| Cash at bank and in hand | 54/58 | €4,708 | €2,950 | -€1,759 | -37.4% |
| Deferred charges and accrued income | 490/1 | €8,747 | €4,775 | -€3,972 | -45.4% |
| Total equity and liabilities | 10/49 | €247,564 | €196,869 | -€50,695 | -20.5% |
| Equity | 10/15 | -€239,150 | -€299,701 | -€60,550 | -25.3% |
| Contributions | 10/11 | €470,998 | €470,998 | = | 0.0% |
| Capital | 10 | - | €470,998 | +€470,998 | |
| Issued capital | 100 | - | €470,998 | +€470,998 | |
| Reserves | 13 | €31,212 | €22,094 | -€9,118 | -29.2% |
| Non-distributable reserves | 130/1 | - | €6,843 | +€6,843 | |
| Legal reserve | 130 | - | €6,843 | +€6,843 | |
| Tax-exempt reserves | 132 | €24,370 | €15,251 | -€9,118 | -37.4% |
| Distributable reserves | 133 | €6,843 | - | -€6,843 | |
| Profit (loss) carried forward | 14 | -€741,360 | -€792,792 | -€51,432 | -6.9% |
| Provisions and deferred taxes | 16 | €7,268 | €4,057 | -€3,210 | -44.2% |
| Deferred taxes | 168 | €7,268 | €4,057 | -€3,210 | -44.2% |
| Amounts payable | 17/49 | €479,447 | €492,512 | +€13,066 | +2.7% |
| Amounts payable after more than one year | 17 | €477,046 | €483,359 | +€6,313 | +1.3% |
| Other amounts payable | 178/9 | €477,046 | €483,359 | +€6,313 | +1.3% |
| Amounts payable within one year | 42/48 | €2,401 | €9,153 | +€6,753 | +281% |
| Trade debts | 44 | €2,401 | €9,153 | +€6,753 | +281% |
| Suppliers | 440/4 | €2,401 | €9,153 | +€6,753 | +281% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,771 | €61,303 | -€1,468 | -2.3% |
| Other operating charges | 640/8 | €4,187 | €4,270 | +€83 | +2.0% |
| Gross operating margin | 9900 | €1,291 | €1,877 | +€586 | +45.4% |
| Operating profit (loss) | 9901 | -€65,667 | -€63,696 | +€1,971 | +3.0% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €61 | €65 | +€4 | +6.6% |
| Recurring financial charges | 65 | €61 | €65 | +€4 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€65,716 | -€63,761 | +€1,955 | +3.0% |
| Transfer from deferred taxes | 780 | €3,210 | €3,210 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€62,505 | -€60,550 | +€1,955 | +3.1% |
| Transfer from tax-exempt reserves | 789 | €9,118 | €9,118 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,387 | -€51,432 | +€1,955 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.