MEGA MEUBEL: 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 MEUBEL
Largest movements
- Tangible fixed assets -€365,454
down €365,454 (-57.5%), from €635,090 to €269,636
of which Land and buildings: -€362,073
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Stocks and contracts -€28,730
down €28,730 (-13.7%), from €209,163 to €180,432
- Cash -€27,230
down €27,230 (-18.6%), from €146,625 to €119,394
mainly Contributions, distributions and other (-€334,679) and Current portion of long-term debt (-€76,988)
- Intangible fixed assets +€21,665
new in 2025: €21,665
- Reserves -€310,566
down €310,566 (-64.5%), from €481,529 to €170,963
of which Distributable reserves: -€281,666
- Current portion of long-term debt -€76,988
down €76,988 (-61.9%), from €124,303 to €47,315
- Debts after one year -€67,315
down €67,315 (-18.8%), from €357,315 to €290,000
of which Financial debts: -€47,315
- Accrued charges and deferred income -€26,926
no longer reported in 2025 (was €26,926)
- Contributions -€12,704
down €12,704 (-66.9%), from €19,000 to €6,296
- Gross operating margin -€77,317
down €77,317 (-56.2%), from €137,523 to €60,206
- Financial charges -€28,675
down €28,675 (-90.8%), from €31,587 to €2,912
- Depreciation -€13,457
down €13,457 (-28.8%), from €46,750 to €33,293
- Taxes -€4,895
down €4,895 (-53.8%), from €9,098 to €4,203
- Other operating charges -€3,459
down €3,459 (-20.1%), from €17,190 to €13,731
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 | €1,085,029 | €601,069 | -€483,960 | -44.6% |
| Fixed assets | 21/28 | €637,143 | €293,354 | -€343,789 | -54.0% |
| Intangible fixed assets | 21 | - | €21,665 | +€21,665 | |
| Tangible fixed assets | 22/27 | €635,090 | €269,636 | -€365,454 | -57.5% |
| Land and buildings | 22 | €620,315 | €258,243 | -€362,073 | -58.4% |
| Plant, machinery and equipment | 23 | €14,774 | €11,393 | -€3,381 | -22.9% |
| Financial fixed assets | 28 | €2,053 | €2,053 | = | 0.0% |
| Current assets | 29/58 | €447,886 | €307,716 | -€140,171 | -31.3% |
| Stocks and contracts in progress | 3 | €209,163 | €180,432 | -€28,730 | -13.7% |
| Stocks | 30/36 | €209,163 | €180,432 | -€28,730 | -13.7% |
| Amounts receivable within one year | 40/41 | €12,126 | €2,238 | -€9,888 | -81.5% |
| Trade receivables | 40 | €144 | €1,350 | +€1,206 | +839.8% |
| Other amounts receivable | 41 | €11,982 | €888 | -€11,094 | -92.6% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €146,625 | €119,394 | -€27,230 | -18.6% |
| Deferred charges and accrued income | 490/1 | €4,973 | €5,651 | +€678 | +13.6% |
| Total equity and liabilities | 10/49 | €1,085,029 | €601,069 | -€483,960 | -44.6% |
| Equity | 10/15 | €500,529 | €177,259 | -€323,270 | -64.6% |
| Contributions | 10/11 | €19,000 | €6,296 | -€12,704 | -66.9% |
| Reserves | 13 | €481,529 | €170,963 | -€310,566 | -64.5% |
| Non-distributable reserves | 130/1 | €28,900 | - | -€28,900 | |
| Reserves not available under the articles | 1311 | €28,900 | - | -€28,900 | |
| Tax-exempt reserves | 132 | €45,150 | €45,150 | = | 0.0% |
| Distributable reserves | 133 | €407,479 | €125,813 | -€281,666 | -69.1% |
| Amounts payable | 17/49 | €584,500 | €423,811 | -€160,689 | -27.5% |
| Amounts payable after more than one year | 17 | €357,315 | €290,000 | -€67,315 | -18.8% |
| Financial debts | 170/4 | €47,315 | - | -€47,315 | |
| Other amounts payable | 178/9 | €310,000 | €290,000 | -€20,000 | -6.5% |
| Amounts payable within one year | 42/48 | €200,260 | €133,811 | -€66,449 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €124,303 | €47,315 | -€76,988 | -61.9% |
| Trade debts | 44 | €46,790 | €39,770 | -€7,020 | -15.0% |
| Suppliers | 440/4 | €46,790 | €39,770 | -€7,020 | -15.0% |
| Taxes, remuneration and social security | 45 | €17,277 | €27,537 | +€10,260 | +59.4% |
| Taxes | 450/3 | €4,283 | €15,050 | +€10,767 | +251.4% |
| Remuneration and social security | 454/9 | €12,994 | €12,487 | -€507 | -3.9% |
| Other amounts payable | 47/48 | €11,890 | €19,189 | +€7,300 | +61.4% |
| Accrued charges and deferred income | 492/3 | €26,926 | - | -€26,926 | |
| Remuneration, social security and pensions | 62 | €10,758 | €7,338 | -€3,420 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,750 | €33,293 | -€13,457 | -28.8% |
| Other operating charges | 640/8 | €17,190 | €13,731 | -€3,459 | -20.1% |
| Gross operating margin | 9900 | €137,523 | €60,206 | -€77,317 | -56.2% |
| Operating profit (loss) | 9901 | €62,825 | €5,844 | -€56,981 | -90.7% |
| Financial income | 75/76B | €10,909 | €12,679 | +€1,770 | +16.2% |
| Recurring financial income | 75 | €10,909 | €12,679 | +€1,770 | +16.2% |
| Financial charges | 65/66B | €31,587 | €2,912 | -€28,675 | -90.8% |
| Recurring financial charges | 65 | €31,587 | €2,912 | -€28,675 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €42,147 | €15,611 | -€26,536 | -63.0% |
| Income taxes | 67/77 | €9,098 | €4,203 | -€4,895 | -53.8% |
| Profit (loss) for the period | 9904 | €33,049 | €11,408 | -€21,641 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,049 | €11,408 | -€21,641 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.