MEGALEC: 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.
What changed
MEGALEC
NACE 95.210, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€411,614
2024 · €294,847+€116,767
Equity
€3.1m
2024 · €2.9m+€211,614
Cash
€1.3m
2024 · €813,480+€513,007
Balance sheet total
€3.5m
2024 · €3.4m+€178,453
Largest movements
Assets
- Cash +€513,007
up €513,007 (+63.1%), from €813,480 to €1.3m
mainly Net result for the year (+€411,614) and Current investments (+€336,264)
- Current investments -€336,264
down €336,264 (-94.5%), from €355,969 to €19,704
- Tangible fixed assets -€40,281
down €40,281 (-6.4%), from €631,460 to €591,179
of which Land and buildings: -€35,870
Equity and liabilities
- Reserves +€212,000
up €212,000 (+7.7%), from €2.8m to €3.0m
of which Distributable reserves: +€212,000
- Other debts +€120,000
up €120,000 (+134.6%), from €89,120 to €209,120
- Trade debts -€111,460
down €111,460 (-41.6%), from €268,230 to €156,769
Income statement
- Financial income +€91,456
up €91,456 (+661.7%), from €13,821 to €105,278
- Depreciation -€31,687
down €31,687 (-30.7%), from €103,067 to €71,380
- Staff costs +€30,891
up €30,891 (+7.1%), from €435,266 to €466,157
- Write-downs -€20,170
down €20,170, from €16,844 to -€3,326
- Taxes -€18,401
down €18,401 (-26.7%), from €68,912 to €50,511
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.
Result 2024
€294,847
Gross operating margin
-€11,966
Staff costs
-€30,891
Depreciation
+€31,687
Write-downs
+€20,170
Other operating charges
-€1,176
Other operating items
+€833
Financial income
+€91,456
Financial charges
-€1,746
Taxes
+€18,401
Result 2025
€411,614
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.
From operations
+€438,434
Investment
+€305,166
Financing
-€230,592
Cash 2024
€813,480
From operations (derived)
+€438,434
Net result for the year
+€411,614
Depreciation
+€71,380
Stocks and contracts
-€9,000
Receivables within one year
-€17,987
Deferred charges and accrued income
-€15,005
Trade debts
-€111,460
Tax, wage and social debts
-€11,145
Other debts
+€120,000
Accrued charges and deferred income
+€37
Investment (derived)
+€305,166
Investment in fixed assets (net)
-€31,099
Current investments
+€336,264
Financing
-€230,592
Debts after one year
-€6,250
Current portion of long-term debt
-€24,342
Contributions, distributions and other
-€200,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,365,442 | €3,543,895 | +€178,453 | +5.3% |
| Fixed assets | 21/28 | €633,085 | €592,804 | -€40,281 | -6.4% |
| Tangible fixed assets | 22/27 | €631,460 | €591,179 | -€40,281 | -6.4% |
| Land and buildings | 22 | €513,629 | €477,759 | -€35,870 | -7.0% |
| Plant, machinery and equipment | 23 | €4,941 | €14,932 | +€9,991 | +202.2% |
| Furniture and vehicles | 24 | €22,884 | €11,603 | -€11,280 | -49.3% |
| Other tangible fixed assets | 26 | €90,006 | €86,884 | -€3,122 | -3.5% |
| Financial fixed assets | 28 | €1,625 | €1,625 | = | 0.0% |
| Current assets | 29/58 | €2,732,357 | €2,951,091 | +€218,734 | +8.0% |
| Stocks and contracts in progress | 3 | €877,858 | €886,858 | +€9,000 | +1.0% |
| Stocks | 30/36 | €877,858 | €886,858 | +€9,000 | +1.0% |
| Amounts receivable within one year | 40/41 | €685,051 | €703,038 | +€17,987 | +2.6% |
| Trade receivables | 40 | €681,752 | €700,976 | +€19,224 | +2.8% |
| Other amounts receivable | 41 | €3,299 | €2,062 | -€1,237 | -37.5% |
| Current investments | 50/53 | €355,969 | €19,704 | -€336,264 | -94.5% |
| Cash at bank and in hand | 54/58 | €813,480 | €1,326,486 | +€513,007 | +63.1% |
| Deferred charges and accrued income | 490/1 | €0 | €15,005 | +€15,005 | |
| Total equity and liabilities | 10/49 | €3,365,442 | €3,543,895 | +€178,453 | +5.3% |
| Equity | 10/15 | €2,867,932 | €3,079,546 | +€211,614 | +7.4% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €2,762,000 | €2,974,000 | +€212,000 | +7.7% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €2,541,000 | €2,753,000 | +€212,000 | +8.3% |
| Profit (loss) carried forward | 14 | €932 | €546 | -€386 | -41.4% |
| Amounts payable | 17/49 | €497,510 | €464,349 | -€33,160 | -6.7% |
| Amounts payable after more than one year | 17 | €6,250 | €0 | -€6,250 | -100.0% |
| Financial debts | 170/4 | €6,250 | €0 | -€6,250 | -100.0% |
| Amounts payable within one year | 42/48 | €491,206 | €464,258 | -€26,948 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €30,592 | €6,250 | -€24,342 | -79.6% |
| Trade debts | 44 | €268,230 | €156,769 | -€111,460 | -41.6% |
| Suppliers | 440/4 | €268,230 | €156,769 | -€111,460 | -41.6% |
| Taxes, remuneration and social security | 45 | €103,264 | €92,119 | -€11,145 | -10.8% |
| Taxes | 450/3 | €41,929 | €40,558 | -€1,370 | -3.3% |
| Remuneration and social security | 454/9 | €61,335 | €51,561 | -€9,775 | -15.9% |
| Other amounts payable | 47/48 | €89,120 | €209,120 | +€120,000 | +134.6% |
| Accrued charges and deferred income | 492/3 | €53 | €91 | +€37 | +69.8% |
| Non-recurring operating income | 76A | €0 | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €435,266 | €466,157 | +€30,891 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,067 | €71,380 | -€31,687 | -30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,844 | -€3,326 | -€20,170 | |
| Other operating charges | 640/8 | €24,103 | €25,279 | +€1,176 | +4.9% |
| Non-recurring operating charges | 66A | €833 | €0 | -€833 | -100.0% |
| Gross operating margin | 9900 | €935,508 | €923,542 | -€11,966 | -1.3% |
| Operating profit (loss) | 9901 | €355,396 | €364,052 | +€8,656 | +2.4% |
| Financial income | 75/76B | €13,821 | €105,278 | +€91,456 | +661.7% |
| Recurring financial income | 75 | €13,821 | €105,278 | +€91,456 | +661.7% |
| Financial charges | 65/66B | €5,458 | €7,204 | +€1,746 | +32.0% |
| Recurring financial charges | 65 | €5,458 | €7,204 | +€1,746 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €363,759 | €462,125 | +€98,366 | +27.0% |
| Income taxes | 67/77 | €68,912 | €50,511 | -€18,401 | -26.7% |
| Profit (loss) for the period | 9904 | €294,847 | €411,614 | +€116,767 | +39.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €294,847 | €411,614 | +€116,767 | +39.6% |
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 6 October 2026 via checked.be.