MEGA CONCEPT: 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.
What changed
MEGA CONCEPT
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€120,328
2024 · -€61,756-€58,572
Equity
€1.2m
2024 · €1.3m-€120,328
Cash
€35,130
2024 · €14,821+€20,309
Balance sheet total
€3.7m
2024 · €3.8m-€154,281
Largest movements
Assets
- Tangible fixed assets -€182,260
down €182,260 (-5.0%), from €3.6m to €3.5m
Equity and liabilities
- Debts after one year -€112,252
down €112,252 (-5.0%), from €2.2m to €2.1m
of which Financial debts: -€89,252
- Profit (loss) carried forward -€89,741
down €89,741 (-6.6%), from -€1.4m to -€1.4m
- Revaluation surpluses -€59,952
down €59,952 (-4.4%), from €1.4m to €1.3m
Income statement
- Gross operating margin -€52,199
down €52,199 (-26.7%), from €195,278 to €143,079
- Other operating charges +€5,193
up €5,193 (+40.6%), from €12,805 to €17,998
- Financial charges +€2,394
up €2,394 (+3.9%), from €61,689 to €64,083
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.
Result 2024
-€61,756
Gross operating margin
-€52,199
Depreciation
-€162
Other operating charges
-€5,193
Financial income
+€1,375
Financial charges
-€2,394
Deferred taxes and other
+€1
Result 2025
-€120,328
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.
From operations
+€130,045
Investment
-€14,216
Financing
-€95,520
Cash 2024
€14,821
From operations (derived)
+€130,045
Net result for the year
-€120,328
Depreciation
+€196,476
Receivables within one year
-€6,553
Deferred charges and accrued income
-€1,117
Provisions
-€10,196
Trade debts
+€7,889
Other debts
+€31,652
Accrued charges and deferred income
+€32,222
Investment (derived)
-€14,216
Investment in fixed assets (net)
-€14,216
Financing
-€95,520
Debts after one year
-€112,252
Current portion of long-term debt
+€16,732
Cash 2025
€35,130
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,849,223 | €3,694,942 | -€154,281 | -4.0% |
| Fixed assets | 21/28 | €3,645,236 | €3,462,976 | -€182,260 | -5.0% |
| Tangible fixed assets | 22/27 | €3,645,236 | €3,462,976 | -€182,260 | -5.0% |
| Land and buildings | 22 | €3,645,236 | €3,462,976 | -€182,260 | -5.0% |
| Current assets | 29/58 | €203,987 | €231,966 | +€27,979 | +13.7% |
| Amounts receivable within one year | 40/41 | €189,166 | €195,719 | +€6,553 | +3.5% |
| Other amounts receivable | 41 | €189,166 | €195,719 | +€6,553 | +3.5% |
| Cash at bank and in hand | 54/58 | €14,821 | €35,130 | +€20,309 | +137.0% |
| Deferred charges and accrued income | 490/1 | - | €1,117 | +€1,117 | |
| Total equity and liabilities | 10/49 | €3,849,223 | €3,694,942 | -€154,281 | -4.0% |
| Equity | 10/15 | €1,270,356 | €1,150,028 | -€120,328 | -9.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,352,382 | €1,292,430 | -€59,952 | -4.4% |
| Reserves | 13 | €1,208,530 | €1,237,895 | +€29,365 | +2.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €722,715 | €692,128 | -€30,587 | -4.2% |
| Distributable reserves | 133 | €479,618 | €539,570 | +€59,952 | +12.5% |
| Profit (loss) carried forward | 14 | -€1,352,529 | -€1,442,270 | -€89,741 | -6.6% |
| Provisions and deferred taxes | 16 | €240,905 | €230,709 | -€10,196 | -4.2% |
| Deferred taxes | 168 | €240,905 | €230,709 | -€10,196 | -4.2% |
| Amounts payable | 17/49 | €2,337,962 | €2,314,205 | -€23,757 | -1.0% |
| Amounts payable after more than one year | 17 | €2,243,569 | €2,131,317 | -€112,252 | -5.0% |
| Financial debts | 170/4 | €1,955,569 | €1,866,317 | -€89,252 | -4.6% |
| Other amounts payable | 178/9 | €288,000 | €265,000 | -€23,000 | -8.0% |
| Amounts payable within one year | 42/48 | €94,369 | €150,642 | +€56,273 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €83,668 | €100,400 | +€16,732 | +20.0% |
| Trade debts | 44 | €48 | €7,937 | +€7,889 | +16435.4% |
| Suppliers | 440/4 | €48 | €7,937 | +€7,889 | +16435.4% |
| Other amounts payable | 47/48 | €10,653 | €42,305 | +€31,652 | +297.1% |
| Accrued charges and deferred income | 492/3 | €24 | €32,246 | +€32,222 | +134258.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,314 | €196,476 | +€162 | +0.1% |
| Other operating charges | 640/8 | €12,805 | €17,998 | +€5,193 | +40.6% |
| Gross operating margin | 9900 | €195,278 | €143,079 | -€52,199 | -26.7% |
| Operating profit (loss) | 9901 | -€13,841 | -€71,395 | -€57,554 | -415.8% |
| Financial income | 75/76B | €3,579 | €4,954 | +€1,375 | +38.4% |
| Recurring financial income | 75 | €3,579 | €4,954 | +€1,375 | +38.4% |
| Financial charges | 65/66B | €61,689 | €64,083 | +€2,394 | +3.9% |
| Recurring financial charges | 65 | €61,689 | €64,083 | +€2,394 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€71,951 | -€130,524 | -€58,573 | -81.4% |
| Transfer from deferred taxes | 780 | €10,195 | €10,196 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | -€61,756 | -€120,328 | -€58,572 | -94.8% |
| Transfer from tax-exempt reserves | 789 | €30,588 | €30,587 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,168 | -€89,741 | -€58,573 | -187.9% |
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 28 September 2026 via checked.be.