MEGA REAL ESTATES: 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 REAL ESTATES
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€34,901
2024 · €35,236-€335
Equity
€430,937
2024 · €411,036+€19,901
Cash
€30,130
2024 · €29,884+€245
Balance sheet total
€748,718
2024 · €773,247-€24,528
Largest movements
Assets
- Tangible fixed assets -€24,774
down €24,774 (-3.3%), from €743,363 to €718,589
of which Land and buildings: -€24,774
Equity and liabilities
- Debts after one year -€46,584
down €46,584 (-20.3%), from €229,259 to €182,675
- Profit (loss) carried forward +€19,901
up €19,901 (+10.9%), from €181,811 to €201,713
Income statement
- Gross operating margin +€4,583
up €4,583 (+5.7%), from €79,949 to €84,531
- Taxes +€4,012
up €4,012 (+124.0%), from €3,235 to €7,247
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
€35,236
Gross operating margin
+€4,583
Depreciation
+€724
Other operating charges
-€807
Financial charges
-€824
Taxes
-€4,012
Result 2025
€34,901
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
+€60,964
Investment
€0
Financing
-€60,719
Cash 2024
€29,884
From operations (derived)
+€60,964
Net result for the year
+€34,901
Depreciation
+€24,774
Trade debts
+€270
Tax, wage and social debts
-€3,673
Other debts
+€4,867
Accrued charges and deferred income
-€175
Financing
-€60,719
Debts after one year
-€46,584
Current portion of long-term debt
+€865
Contributions, distributions and other
-€15,000
Cash 2025
€30,130
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €773,247 | €748,718 | -€24,528 | -3.2% |
| Fixed assets | 21/28 | €743,363 | €718,589 | -€24,774 | -3.3% |
| Tangible fixed assets | 22/27 | €743,363 | €718,589 | -€24,774 | -3.3% |
| Land and buildings | 22 | €738,398 | €713,625 | -€24,774 | -3.4% |
| Furniture and vehicles | 24 | €4,964 | €4,964 | = | 0.0% |
| Current assets | 29/58 | €29,884 | €30,130 | +€245 | +0.8% |
| Cash at bank and in hand | 54/58 | €29,884 | €30,130 | +€245 | +0.8% |
| Total equity and liabilities | 10/49 | €773,247 | €748,718 | -€24,528 | -3.2% |
| Equity | 10/15 | €411,036 | €430,937 | +€19,901 | +4.8% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €67,225 | €67,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,025 | €51,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,811 | €201,713 | +€19,901 | +10.9% |
| Provisions and deferred taxes | 16 | €6,500 | €6,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,500 | €6,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,500 | €6,500 | = | 0.0% |
| Amounts payable | 17/49 | €355,711 | €311,281 | -€44,430 | -12.5% |
| Amounts payable after more than one year | 17 | €229,259 | €182,675 | -€46,584 | -20.3% |
| Financial debts | 170/4 | €229,259 | €182,675 | -€46,584 | -20.3% |
| Amounts payable within one year | 42/48 | €123,117 | €125,446 | +€2,329 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €45,719 | €46,584 | +€865 | +1.9% |
| Trade debts | 44 | €2,778 | €3,047 | +€270 | +9.7% |
| Suppliers | 440/4 | €2,778 | €3,047 | +€270 | +9.7% |
| Taxes, remuneration and social security | 45 | €14,369 | €10,697 | -€3,673 | -25.6% |
| Taxes | 450/3 | €14,369 | €10,697 | -€3,673 | -25.6% |
| Other amounts payable | 47/48 | €60,251 | €65,118 | +€4,867 | +8.1% |
| Accrued charges and deferred income | 492/3 | €3,335 | €3,160 | -€175 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,498 | €24,774 | -€724 | -2.8% |
| Other operating charges | 640/8 | €11,145 | €11,951 | +€807 | +7.2% |
| Gross operating margin | 9900 | €79,949 | €84,531 | +€4,583 | +5.7% |
| Operating profit (loss) | 9901 | €43,306 | €47,806 | +€4,500 | +10.4% |
| Financial charges | 65/66B | €4,835 | €5,658 | +€824 | +17.0% |
| Recurring financial charges | 65 | €6,335 | €5,658 | -€676 | -10.7% |
| Non-recurring financial charges | 66B | -€1,500 | - | +€1,500 | |
| Profit (loss) for the period before taxes | 9903 | €38,471 | €42,148 | +€3,677 | +9.6% |
| Income taxes | 67/77 | €3,235 | €7,247 | +€4,012 | +124.0% |
| Profit (loss) for the period | 9904 | €35,236 | €34,901 | -€335 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,236 | €34,901 | -€335 | -1.0% |
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 4 October 2026 via checked.be.