MEGABO: 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.
MEGABO
Largest movements
- Stocks and contracts +€4.1m
up €4.1m (+381.4%), from €1.1m to €5.2m
- Receivables within one year +€88,992
up €88,992 (+32.5%), from €273,424 to €362,416
- Short-term financial debts +€1.9m
new in 2025: €1.9m
- Debts after one year +€1.2m
new in 2025: €1.2m
- Contributions +€590,000
up €590,000 (+41.8%), from €1.4m to €2.0m
- Trade debts +€465,612
up €465,612 (+161.0%), from €289,118 to €754,729
- Accrued charges and deferred income +€84,573
up €84,573 (+2114.3%), from €4,000 to €88,573
- Gross operating margin +€148,462
up €148,462 (+81.6%), from -€181,996 to -€33,534
- Financial charges +€27,453
up €27,453 (+3090.5%), from €888 to €28,341
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 | €1,510,208 | €5,708,308 | +€4.2m | +278.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €1,510,208 | €5,708,308 | +€4.2m | +278.0% |
| Stocks and contracts in progress | 3 | €1,083,229 | €5,214,884 | +€4.1m | +381.4% |
| Stocks | 30/36 | €1,083,229 | €5,214,884 | +€4.1m | +381.4% |
| Amounts receivable within one year | 40/41 | €273,424 | €362,416 | +€88,992 | +32.5% |
| Other amounts receivable | 41 | €273,424 | €362,416 | +€88,992 | +32.5% |
| Cash at bank and in hand | 54/58 | €153,555 | €130,970 | -€22,585 | -14.7% |
| Deferred charges and accrued income | 490/1 | - | €38 | +€38 | |
| Total equity and liabilities | 10/49 | €1,510,208 | €5,708,308 | +€4.2m | +278.0% |
| Equity | 10/15 | €1,217,090 | €1,745,006 | +€527,915 | +43.4% |
| Contributions | 10/11 | €1,410,000 | €2,000,000 | +€590,000 | +41.8% |
| Profit (loss) carried forward | 14 | -€192,910 | -€254,994 | -€62,085 | -32.2% |
| Amounts payable | 17/49 | €293,118 | €3,963,302 | +€3.7m | +1252.1% |
| Amounts payable after more than one year | 17 | - | €1,240,000 | +€1.2m | |
| Financial debts | 170/4 | - | €1,240,000 | +€1.2m | |
| Amounts payable within one year | 42/48 | €289,118 | €2,634,729 | +€2.3m | +811.3% |
| Financial debts | 43 | - | €1,880,000 | +€1.9m | |
| Credit institutions | 430/8 | - | €1,880,000 | +€1.9m | |
| Trade debts | 44 | €289,118 | €754,729 | +€465,612 | +161.0% |
| Suppliers | 440/4 | €289,118 | €754,729 | +€465,612 | +161.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,000 | €88,573 | +€84,573 | +2114.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €0 | -€31 | -100.0% |
| Other operating charges | 640/8 | €592 | €210 | -€382 | -64.5% |
| Gross operating margin | 9900 | -€181,996 | -€33,534 | +€148,462 | +81.6% |
| Operating profit (loss) | 9901 | -€182,618 | -€33,743 | +€148,875 | +81.5% |
| Financial charges | 65/66B | €888 | €28,341 | +€27,453 | +3090.5% |
| Recurring financial charges | 65 | €888 | €28,341 | +€27,453 | +3090.5% |
| Profit (loss) for the period before taxes | 9903 | -€183,507 | -€62,085 | +€121,422 | +66.2% |
| Profit (loss) for the period | 9904 | -€183,507 | -€62,085 | +€121,422 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,507 | -€62,085 | +€121,422 | +66.2% |
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 8 October 2026 via checked.be.