MEGABEL: 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.
MEGABEL
Largest movements
- Cash +€52,060
up €52,060 (+18.3%), from €284,749 to €336,809
mainly Net result for the year (+€64,770) and Tax, wage and social debts (+€20,066)
- Tangible fixed assets +€33,703
up €33,703 (+15.3%), from €219,795 to €253,498
of which Plant, machinery and equipment: +€36,179
- Profit (loss) carried forward +€64,770
up €64,770 (+23.8%), from €272,642 to €337,412
- Tax, wage and social debts +€20,066
up €20,066 (+240.1%), from €8,358 to €28,424
- Advances received -€12,100
no longer reported in 2025 (was €12,100)
- Accrued charges and deferred income +€11,937
up €11,937 (+7323.3%), from €163 to €12,100
- Gross operating margin -€22,517
down €22,517 (-18.5%), from €121,715 to €99,198
- Taxes +€19,488
up €19,488 (+436.2%), from €4,468 to €23,956
- Other operating charges -€17,018
down €17,018 (-84.1%), from €20,234 to €3,216
- Depreciation -€16,886
down €16,886 (-70.2%), from €24,052 to €7,166
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 | €504,968 | €594,583 | +€89,615 | +17.7% |
| Fixed assets | 21/28 | €220,219 | €253,922 | +€33,703 | +15.3% |
| Tangible fixed assets | 22/27 | €219,795 | €253,498 | +€33,703 | +15.3% |
| Land and buildings | 22 | €209,829 | €207,353 | -€2,476 | -1.2% |
| Plant, machinery and equipment | 23 | €9,966 | €46,145 | +€36,179 | +363.0% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €284,749 | €340,661 | +€55,912 | +19.6% |
| Amounts receivable within one year | 40/41 | - | €2,025 | +€2,025 | |
| Other amounts receivable | 41 | - | €2,025 | +€2,025 | |
| Cash at bank and in hand | 54/58 | €284,749 | €336,809 | +€52,060 | +18.3% |
| Deferred charges and accrued income | 490/1 | - | €1,827 | +€1,827 | |
| Total equity and liabilities | 10/49 | €504,968 | €594,583 | +€89,615 | +17.7% |
| Equity | 10/15 | €483,576 | €548,346 | +€64,770 | +13.4% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €198,539 | €198,539 | = | 0.0% |
| Distributable reserves | 133 | €198,539 | €198,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,642 | €337,412 | +€64,770 | +23.8% |
| Amounts payable | 17/49 | €21,392 | €46,237 | +€24,845 | +116.1% |
| Amounts payable within one year | 42/48 | €21,229 | €34,137 | +€12,908 | +60.8% |
| Trade debts | 44 | €771 | €5,713 | +€4,942 | +641.0% |
| Suppliers | 440/4 | €771 | €5,713 | +€4,942 | +641.0% |
| Advances received on contracts in progress | 46 | €12,100 | - | -€12,100 | |
| Taxes, remuneration and social security | 45 | €8,358 | €28,424 | +€20,066 | +240.1% |
| Taxes | 450/3 | €8,358 | €28,424 | +€20,066 | +240.1% |
| Accrued charges and deferred income | 492/3 | €163 | €12,100 | +€11,937 | +7323.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,052 | €7,166 | -€16,886 | -70.2% |
| Other operating charges | 640/8 | €20,234 | €3,216 | -€17,018 | -84.1% |
| Gross operating margin | 9900 | €121,715 | €99,198 | -€22,517 | -18.5% |
| Operating profit (loss) | 9901 | €77,429 | €88,816 | +€11,387 | +14.7% |
| Financial charges | 65/66B | €319 | €90 | -€229 | -71.8% |
| Recurring financial charges | 65 | €319 | €90 | -€229 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €77,110 | €88,726 | +€11,616 | +15.1% |
| Income taxes | 67/77 | €4,468 | €23,956 | +€19,488 | +436.2% |
| Profit (loss) for the period | 9904 | €72,642 | €64,770 | -€7,872 | -10.8% |
| Transfer from tax-exempt reserves | 789 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,892 | €64,770 | -€113,122 | -63.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.