MEGA: 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.
MEGA
Largest movements
- Cash -€17,742
down €17,742 (-58.1%), from €30,520 to €12,778
mainly Net result for the year (-€17,942) and Investment in fixed assets (net) (-€4,505)
- Deferred charges and accrued income +€3,864
up €3,864 (+380.4%), from €1,016 to €4,879
- Tangible fixed assets +€1,399
up €1,399 (+15.6%), from €8,981 to €10,380
- Profit (loss) carried forward -€17,942
down €17,942 (-12.4%), from -€144,746 to -€162,688
- Trade debts +€4,273
up €4,273 (+100.7%), from €4,241 to €8,515
- Other debts +€1,324
up €1,324 (+1.0%), from €137,200 to €138,524
- Gross operating margin -€4,270
down €4,270 (-10.4%), from €41,188 to €36,919
- Staff costs +€3,501
up €3,501 (+9.0%), from €39,043 to €42,544
- Depreciation +€715
up €715 (+29.9%), from €2,391 to €3,107
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 | €40,517 | €28,038 | -€12,479 | -30.8% |
| Fixed assets | 21/28 | €8,981 | €10,380 | +€1,399 | +15.6% |
| Tangible fixed assets | 22/27 | €8,981 | €10,380 | +€1,399 | +15.6% |
| Other tangible fixed assets | 26 | €8,981 | €10,380 | +€1,399 | +15.6% |
| Current assets | 29/58 | €31,536 | €17,658 | -€13,878 | -44.0% |
| Cash at bank and in hand | 54/58 | €30,520 | €12,778 | -€17,742 | -58.1% |
| Deferred charges and accrued income | 490/1 | €1,016 | €4,879 | +€3,864 | +380.4% |
| Total equity and liabilities | 10/49 | €40,517 | €28,038 | -€12,479 | -30.8% |
| Equity | 10/15 | -€112,136 | -€130,078 | -€17,942 | -16.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,623 | €1,623 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,303 | €1,303 | = | 0.0% |
| Legal reserve | 130 | €1,303 | €1,303 | = | 0.0% |
| Distributable reserves | 133 | €320 | €320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,746 | -€162,688 | -€17,942 | -12.4% |
| Amounts payable | 17/49 | €152,653 | €158,115 | +€5,463 | +3.6% |
| Amounts payable within one year | 42/48 | €152,653 | €158,115 | +€5,463 | +3.6% |
| Trade debts | 44 | €4,241 | €8,515 | +€4,273 | +100.7% |
| Suppliers | 440/4 | €4,241 | €8,515 | +€4,273 | +100.7% |
| Taxes, remuneration and social security | 45 | €11,211 | €11,076 | -€135 | -1.2% |
| Taxes | 450/3 | €2,270 | €280 | -€1,990 | -87.6% |
| Remuneration and social security | 454/9 | €8,941 | €10,796 | +€1,855 | +20.7% |
| Other amounts payable | 47/48 | €137,200 | €138,524 | +€1,324 | +1.0% |
| Remuneration, social security and pensions | 62 | €39,043 | €42,544 | +€3,501 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,391 | €3,107 | +€715 | +29.9% |
| Other operating charges | 640/8 | €8,258 | €8,514 | +€256 | +3.1% |
| Gross operating margin | 9900 | €41,188 | €36,919 | -€4,270 | -10.4% |
| Operating profit (loss) | 9901 | -€8,505 | -€17,246 | -€8,742 | -102.8% |
| Financial charges | 65/66B | €376 | €300 | -€76 | -20.3% |
| Recurring financial charges | 65 | €376 | €300 | -€76 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,881 | -€17,546 | -€8,666 | -97.6% |
| Income taxes | 67/77 | €271 | €396 | +€125 | +46.2% |
| Profit (loss) for the period | 9904 | -€9,151 | -€17,942 | -€8,791 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,151 | -€17,942 | -€8,791 | -96.1% |
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 2 October 2026 via checked.be.