MEGAFIN: 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.
MEGAFIN
Largest movements
- Cash -€109,302
down €109,302 (-43.6%), from €250,890 to €141,588
mainly Contributions, distributions and other (-€106,307) and Investment in fixed assets (net) (-€26,506)
- Receivables within one year +€21,132
up €21,132 (+83.6%), from €25,264 to €46,396
of which Trade receivables: +€12,846
- Tangible fixed assets +€17,214
up €17,214 (+66.9%), from €25,737 to €42,952
of which Furniture and vehicles: +€17,767
- Deferred charges and accrued income -€3,278
down €3,278 (-59.3%), from €5,527 to €2,250
- Reserves -€84,989
down €84,989 (-32.3%), from €263,147 to €178,158
- Debts after one year +€12,655
new in 2025: €12,655
- Current portion of long-term debt +€4,295
new in 2025: €4,295
- Tax, wage and social debts -€4,114
down €4,114 (-56.8%), from €7,241 to €3,128
of which Remuneration and social security: -€3,769
- Other debts -€3,626
down €3,626 (-30.3%), from €11,985 to €8,358
- Turnover -€56,779
down €56,779 (-18.6%), from €305,884 to €249,105
- Gross operating margin -€44,817
down €44,817 (-42.1%), from €106,556 to €61,739
- Staff costs -€28,547
down €28,547 (-58.3%), from €48,964 to €20,417
- Purchases and services -€14,313
down €14,313 (-6.9%), from €208,429 to €194,116
- Taxes -€3,449
down €3,449 (-28.3%), from €12,202 to €8,753
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 | €310,210 | €234,807 | -€75,403 | -24.3% |
| Fixed assets | 21/28 | €25,887 | €43,101 | +€17,214 | +66.5% |
| Tangible fixed assets | 22/27 | €25,737 | €42,952 | +€17,214 | +66.9% |
| Land and buildings | 22 | €1,020 | €680 | -€340 | -33.3% |
| Plant, machinery and equipment | 23 | €769 | €556 | -€213 | -27.7% |
| Furniture and vehicles | 24 | €23,949 | €41,716 | +€17,767 | +74.2% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €284,324 | €191,706 | -€92,618 | -32.6% |
| Stocks and contracts in progress | 3 | €2,643 | €1,473 | -€1,170 | -44.3% |
| Stocks | 30/36 | €2,643 | €1,473 | -€1,170 | -44.3% |
| Amounts receivable within one year | 40/41 | €25,264 | €46,396 | +€21,132 | +83.6% |
| Trade receivables | 40 | €17,403 | €30,249 | +€12,846 | +73.8% |
| Other amounts receivable | 41 | €7,861 | €16,147 | +€8,286 | +105.4% |
| Cash at bank and in hand | 54/58 | €250,890 | €141,588 | -€109,302 | -43.6% |
| Deferred charges and accrued income | 490/1 | €5,527 | €2,250 | -€3,278 | -59.3% |
| Total equity and liabilities | 10/49 | €310,210 | €234,807 | -€75,403 | -24.3% |
| Equity | 10/15 | €278,053 | €193,064 | -€84,989 | -30.6% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €263,147 | €178,158 | -€84,989 | -32.3% |
| Distributable reserves | 133 | €263,147 | €178,158 | -€84,989 | -32.3% |
| Profit (loss) carried forward | 14 | €33 | €33 | = | 0.0% |
| Amounts payable | 17/49 | €32,157 | €41,743 | +€9,586 | +29.8% |
| Amounts payable after more than one year | 17 | - | €12,655 | +€12,655 | |
| Financial debts | 170/4 | - | €12,655 | +€12,655 | |
| Amounts payable within one year | 42/48 | €30,657 | €29,065 | -€1,592 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,295 | +€4,295 | |
| Trade debts | 44 | €11,431 | €13,284 | +€1,853 | +16.2% |
| Suppliers | 440/4 | €11,431 | €13,284 | +€1,853 | +16.2% |
| Taxes, remuneration and social security | 45 | €7,241 | €3,128 | -€4,114 | -56.8% |
| Taxes | 450/3 | €345 | - | -€345 | |
| Remuneration and social security | 454/9 | €6,897 | €3,128 | -€3,769 | -54.6% |
| Other amounts payable | 47/48 | €11,985 | €8,358 | -€3,626 | -30.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €22 | -€1,478 | -98.5% |
| Turnover | 70 | €305,884 | €249,105 | -€56,779 | -18.6% |
| Non-recurring operating income | 76A | - | €2,153 | +€2,153 | |
| Goods, raw materials, services and sundry goods | 60/61 | €208,429 | €194,116 | -€14,313 | -6.9% |
| Remuneration, social security and pensions | 62 | €48,964 | €20,417 | -€28,547 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,152 | €9,292 | +€2,140 | +29.9% |
| Other operating charges | 640/8 | €2,939 | €1,529 | -€1,409 | -48.0% |
| Gross operating margin | 9900 | €106,556 | €61,739 | -€44,817 | -42.1% |
| Operating profit (loss) | 9901 | €47,500 | €30,501 | -€17,000 | -35.8% |
| Financial charges | 65/66B | €74 | €429 | +€355 | +476.6% |
| Recurring financial charges | 65 | €74 | €429 | +€355 | +476.6% |
| Profit (loss) for the period before taxes | 9903 | €47,426 | €30,071 | -€17,355 | -36.6% |
| Income taxes | 67/77 | €12,202 | €8,753 | -€3,449 | -28.3% |
| Profit (loss) for the period | 9904 | €35,224 | €21,318 | -€13,906 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,224 | €21,318 | -€13,906 | -39.5% |
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 9 October 2026 via checked.be.