MEGAF: 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.
MEGAF
Largest movements
- Tangible fixed assets -€7,346
down €7,346 (-85.9%), from €8,557 to €1,211
of which Furniture and vehicles: -€7,317
- Cash +€3,924
up €3,924 (+35.1%), from €11,194 to €15,118
mainly Depreciation (+€7,346) and Tax, wage and social debts (+€1,007)
- Receivables within one year +€1,759
up €1,759 (+101.4%), from €1,735 to €3,494
- Reserves -€1,163
down €1,163 (-100.0%), from €1,163 to €0
- Trade debts -€1,077
down €1,077 (-75.1%), from €1,435 to €358
- Tax, wage and social debts +€1,007
up €1,007, from €0 to €1,007
- Other debts -€338
down €338 (-100.0%), from €338 to €0
- Gross operating margin +€4,977
up €4,977 (+146.5%), from €3,398 to €8,375
- Taxes +€619
up €619 (+159.3%), from €389 to €1,007
- Depreciation +€177
up €177 (+2.5%), from €7,169 to €7,346
- Other operating charges -€137
down €137 (-10.3%), from €1,332 to €1,195
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 | €21,486 | €19,823 | -€1,663 | -7.7% |
| Fixed assets | 21/28 | €8,557 | €1,211 | -€7,346 | -85.9% |
| Tangible fixed assets | 22/27 | €8,557 | €1,211 | -€7,346 | -85.9% |
| Plant, machinery and equipment | 23 | €29 | €0 | -€29 | -100.0% |
| Furniture and vehicles | 24 | €8,528 | €1,211 | -€7,317 | -85.8% |
| Current assets | 29/58 | €12,929 | €18,612 | +€5,683 | +44.0% |
| Amounts receivable within one year | 40/41 | €1,735 | €3,494 | +€1,759 | +101.4% |
| Other amounts receivable | 41 | €1,735 | €3,494 | +€1,759 | +101.4% |
| Cash at bank and in hand | 54/58 | €11,194 | €15,118 | +€3,924 | +35.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €21,486 | €19,823 | -€1,663 | -7.7% |
| Equity | 10/15 | €19,713 | €18,458 | -€1,255 | -6.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,163 | €0 | -€1,163 | -100.0% |
| Distributable reserves | 133 | €1,163 | €0 | -€1,163 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€92 | -€92 | |
| Amounts payable | 17/49 | €1,773 | €1,365 | -€408 | -23.0% |
| Amounts payable within one year | 42/48 | €1,773 | €1,365 | -€408 | -23.0% |
| Trade debts | 44 | €1,435 | €358 | -€1,077 | -75.1% |
| Suppliers | 440/4 | €1,435 | €358 | -€1,077 | -75.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,007 | +€1,007 | |
| Taxes | 450/3 | €0 | €1,007 | +€1,007 | |
| Other amounts payable | 47/48 | €338 | €0 | -€338 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,169 | €7,346 | +€177 | +2.5% |
| Other operating charges | 640/8 | €1,332 | €1,195 | -€137 | -10.3% |
| Gross operating margin | 9900 | €3,398 | €8,375 | +€4,977 | +146.5% |
| Operating profit (loss) | 9901 | -€5,103 | -€167 | +€4,936 | +96.7% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €58 | €85 | +€26 | +44.7% |
| Recurring financial charges | 65 | €58 | €85 | +€26 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,162 | -€248 | +€4,914 | +95.2% |
| Income taxes | 67/77 | €389 | €1,007 | +€619 | +159.3% |
| Profit (loss) for the period | 9904 | -€5,550 | -€1,255 | +€4,295 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,550 | -€1,255 | +€4,295 | +77.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.