MEGAHERZL: what changed
MEGAHERZL
Largest movements
- Cash +€77,733
up €77,733 (+41.3%), from €188,218 to €265,950
mainly Net result for the year (+€85,099) and Receivables within one year (+€20,343)
- Receivables within one year -€20,343
down €20,343 (-26.2%), from €77,542 to €57,199
of which Trade receivables: -€33,946
- Tangible fixed assets -€7,757
down €7,757 (-82.2%), from €9,436 to €1,679
of which Furniture and vehicles: -€7,292
- Reserves +€66,829
up €66,829 (+26.5%), from €251,811 to €318,639
- Other debts -€23,170
down €23,170 (-52.7%), from €43,982 to €20,812
- Profit (loss) carried forward +€10,000
up €10,000 (+35.5%), from -€28,140 to -€18,140
- Current portion of long-term debt -€7,868
down €7,868 (-100%), from €7,868 to €0
- Tax, wage and social debts +€6,510
up €6,510 (+44.7%), from €14,549 to €21,058
of which Taxes: +€6,510
- Gross operating margin -€68,429
down €68,429 (-34.9%), from €196,281 to €127,853
- Taxes -€20,128
down €20,128 (-37.2%), from €54,035 to €33,908
- Depreciation -€7,890
down €7,890 (-50.4%), from €15,647 to €7,757
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,167 | €355,531 | +€50,364 | +16.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €36,893 | €29,136 | -€7,757 | -21.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €9,436 | €1,679 | -€7,757 | -82.2% |
| Plant, machinery and equipment | 23 | €544 | €79 | -€465 | -85.5% |
| Furniture and vehicles | 24 | €8,892 | €1,599 | -€7,292 | -82.0% |
| Financial fixed assets | 28 | €27,457 | €27,457 | = | 0.0% |
| Current assets | 29/58 | €268,273 | €326,395 | +€58,121 | +21.7% |
| Amounts receivable within one year | 40/41 | €77,542 | €57,199 | -€20,343 | -26.2% |
| Trade receivables | 40 | €58,729 | €24,784 | -€33,946 | -57.8% |
| Other amounts receivable | 41 | €18,813 | €32,415 | +€13,602 | +72.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €188,218 | €265,950 | +€77,733 | +41.3% |
| Deferred charges and accrued income | 490/1 | €2,514 | €3,246 | +€732 | +29.1% |
| Total equity and liabilities | 10/49 | €305,167 | €355,531 | +€50,364 | +16.5% |
| Equity | 10/15 | €236,071 | €312,899 | +€76,829 | +32.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €251,811 | €318,639 | +€66,829 | +26.5% |
| Distributable reserves | 133 | €251,811 | €318,639 | +€66,829 | +26.5% |
| Profit (loss) carried forward | 14 | -€28,140 | -€18,140 | +€10,000 | +35.5% |
| Amounts payable | 17/49 | €69,096 | €42,631 | -€26,465 | -38.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €69,096 | €42,631 | -€26,465 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €7,868 | €0 | -€7,868 | -100% |
| Trade debts | 44 | €2,697 | €761 | -€1,936 | -71.8% |
| Suppliers | 440/4 | €2,697 | €761 | -€1,936 | -71.8% |
| Taxes, remuneration and social security | 45 | €14,549 | €21,058 | +€6,510 | +44.7% |
| Taxes | 450/3 | €14,549 | €21,058 | +€6,510 | +44.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €43,982 | €20,812 | -€23,170 | -52.7% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,647 | €7,757 | -€7,890 | -50.4% |
| Other operating charges | 640/8 | €888 | €984 | +€96 | +10.8% |
| Gross operating margin | 9900 | €196,281 | €127,853 | -€68,429 | -34.9% |
| Operating profit (loss) | 9901 | €179,746 | €119,111 | -€60,635 | -33.7% |
| Financial charges | 65/66B | €224 | €104 | -€120 | -53.5% |
| Recurring financial charges | 65 | €224 | €104 | -€120 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €179,521 | €119,006 | -€60,515 | -33.7% |
| Income taxes | 67/77 | €54,035 | €33,908 | -€20,128 | -37.2% |
| Profit (loss) for the period | 9904 | €125,486 | €85,099 | -€40,387 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €125,486 | €85,099 | -€40,387 | -32.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.