MEGALO: 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.
MEGALO
Largest movements
- Cash -€21,162
down €21,162 (-69.4%), from €30,490 to €9,328
mainly Tax, wage and social debts (-€19,289) and Net result for the year (-€17,711)
- Tangible fixed assets +€7,293
up €7,293 (+82.1%), from €8,879 to €16,173
of which Other tangible fixed assets: +€7,477
- Trade debts +€23,949
up €23,949 (+86.5%), from €27,683 to €51,632
- Tax, wage and social debts -€19,289
down €19,289 (-56.4%), from €34,224 to €14,935
of which Remuneration and social security: -€15,803
- Profit (loss) carried forward -€17,711
down €17,711, from €10,725 to -€6,987
- Staff costs +€15,456
up €15,456 (+55.7%), from €27,750 to €43,206
- Gross operating margin -€11,706
down €11,706 (-27.4%), from €42,706 to €31,000
- Depreciation -€4,834
down €4,834 (-53.6%), from €9,025 to €4,190
- Taxes -€3,346
down €3,346, from €1,500 to -€1,846
- Financial charges +€2,643
up €2,643 (+199%), from €1,326 to €3,969
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.
Derived cash bridge
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 | €172,070 | €159,403 | -€12,667 | -7.4% |
| Fixed assets | 21/28 | €8,879 | €16,173 | +€7,293 | +82.1% |
| Tangible fixed assets | 22/27 | €8,879 | €16,173 | +€7,293 | +82.1% |
| Plant, machinery and equipment | 23 | €8,068 | €8,216 | +€148 | +1.8% |
| Furniture and vehicles | 24 | €811 | €480 | -€332 | -40.9% |
| Other tangible fixed assets | 26 | - | €7,477 | +€7,477 | |
| Current assets | 29/58 | €163,190 | €143,230 | -€19,960 | -12.2% |
| Stocks and contracts in progress | 3 | €120,111 | €121,393 | +€1,282 | +1.1% |
| Stocks | 30/36 | €120,111 | €121,393 | +€1,282 | +1.1% |
| Amounts receivable within one year | 40/41 | €11,890 | €12,509 | +€619 | +5.2% |
| Trade receivables | 40 | €8,629 | €12,509 | +€3,880 | +45.0% |
| Other amounts receivable | 41 | €3,261 | €0 | -€3,261 | -100% |
| Cash at bank and in hand | 54/58 | €30,490 | €9,328 | -€21,162 | -69.4% |
| Deferred charges and accrued income | 490/1 | €700 | €0 | -€700 | -100% |
| Total equity and liabilities | 10/49 | €172,070 | €159,403 | -€12,667 | -7.4% |
| Equity | 10/15 | €52,335 | €34,623 | -€17,711 | -33.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | - | -€8,000 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €10,600 | - | -€10,600 | |
| Reserves | 13 | €33,610 | €33,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €31,750 | €31,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,725 | -€6,987 | -€17,711 | |
| Amounts payable | 17/49 | €119,735 | €124,780 | +€5,045 | +4.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €119,735 | €124,780 | +€5,045 | +4.2% |
| Trade debts | 44 | €27,683 | €51,632 | +€23,949 | +86.5% |
| Suppliers | 440/4 | €27,683 | €51,632 | +€23,949 | +86.5% |
| Taxes, remuneration and social security | 45 | €34,224 | €14,935 | -€19,289 | -56.4% |
| Taxes | 450/3 | €13,059 | €9,572 | -€3,487 | -26.7% |
| Remuneration and social security | 454/9 | €21,165 | €5,362 | -€15,803 | -74.7% |
| Other amounts payable | 47/48 | €57,828 | €58,213 | +€385 | +0.7% |
| Non-recurring operating income | 76A | - | €5,298 | +€5,298 | |
| Remuneration, social security and pensions | 62 | €27,750 | €43,206 | +€15,456 | +55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,025 | €4,190 | -€4,834 | -53.6% |
| Other operating charges | 640/8 | €2,099 | €495 | -€1,604 | -76.4% |
| Gross operating margin | 9900 | €42,706 | €31,000 | -€11,706 | -27.4% |
| Operating profit (loss) | 9901 | €3,832 | -€16,891 | -€20,723 | |
| Financial income | 75/76B | €0 | €1,304 | +€1,304 | |
| Recurring financial income | 75 | €0 | €1,304 | +€1,304 | |
| Financial charges | 65/66B | €1,326 | €3,969 | +€2,643 | +199% |
| Recurring financial charges | 65 | €1,326 | €3,969 | +€2,643 | +199% |
| Profit (loss) for the period before taxes | 9903 | €2,506 | -€19,557 | -€22,063 | |
| Income taxes | 67/77 | €1,500 | -€1,846 | -€3,346 | |
| Profit (loss) for the period | 9904 | €1,006 | -€17,711 | -€18,717 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,006 | -€17,711 | -€18,717 |
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 26 October 2026 via checked.be.