MEGAPNEUS: what changed
MEGAPNEUS
Largest movements
- Tangible fixed assets +€12,988
new in 2025: €12,988
- Receivables within one year -€4,420
down €4,420 (-86.5%), from €5,112 to €691
of which Trade receivables: -€4,517
- Deferred charges and accrued income -€1,680
down €1,680 (-100%), from €1,680 to €0
- Cash -€390
down €390 (-49.7%), from €784 to €394
mainly Net result for the year (-€27,580) and Investment in fixed assets (net) (-€14,287)
- Other debts +€34,187
up €34,187 (+39.9%), from €85,762 to €119,948
- Profit (loss) carried forward -€27,580
down €27,580 (-27.4%), from -€100,722 to -€128,302
- Advances received -€3,355
down €3,355 (-100%), from €3,355 to €0
- Trade debts +€1,943
up €1,943 (+27.0%), from €7,205 to €9,148
- Accrued charges and deferred income +€1,914
up €1,914 (+79.8%), from €2,400 to €4,314
- Gross operating margin -€3,717
down €3,717 (-30.6%), from -€12,157 to -€15,874
- Depreciation +€1,298
new in 2025: €1,298
- Other operating charges -€297
down €297 (-15.3%), from €1,935 to €1,638
- Financial charges -€235
down €235 (-2.7%), from €8,793 to €8,558
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 | €21,271 | €27,769 | +€6,498 | +30.5% |
| Fixed assets | 21/28 | €2,400 | €15,388 | +€12,988 | +541% |
| Tangible fixed assets | 22/27 | - | €12,988 | +€12,988 | |
| Furniture and vehicles | 24 | - | €12,988 | +€12,988 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €18,871 | €12,381 | -€6,490 | -34.4% |
| Stocks and contracts in progress | 3 | €11,295 | €11,295 | = | 0.0% |
| Stocks | 30/36 | €11,295 | €11,295 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,112 | €691 | -€4,420 | -86.5% |
| Trade receivables | 40 | €4,974 | €458 | -€4,517 | -90.8% |
| Other amounts receivable | 41 | €137 | €234 | +€97 | +70.5% |
| Cash at bank and in hand | 54/58 | €784 | €394 | -€390 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,680 | €0 | -€1,680 | -100% |
| Total equity and liabilities | 10/49 | €21,271 | €27,769 | +€6,498 | +30.5% |
| Equity | 10/15 | -€94,503 | -€122,083 | -€27,580 | -29.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19 | €19 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19 | €19 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19 | €19 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,722 | -€128,302 | -€27,580 | -27.4% |
| Amounts payable | 17/49 | €115,774 | €149,852 | +€34,078 | +29.4% |
| Amounts payable within one year | 42/48 | €113,374 | €145,537 | +€32,163 | +28.4% |
| Financial debts | 43 | €14,321 | €14,069 | -€252 | -1.8% |
| Credit institutions | 430/8 | €14,321 | €14,069 | -€252 | -1.8% |
| Trade debts | 44 | €7,205 | €9,148 | +€1,943 | +27.0% |
| Suppliers | 440/4 | €7,205 | €9,148 | +€1,943 | +27.0% |
| Advances received on contracts in progress | 46 | €3,355 | €0 | -€3,355 | -100% |
| Taxes, remuneration and social security | 45 | €2,731 | €2,372 | -€359 | -13.1% |
| Taxes | 450/3 | €2,731 | €2,372 | -€359 | -13.1% |
| Other amounts payable | 47/48 | €85,762 | €119,948 | +€34,187 | +39.9% |
| Accrued charges and deferred income | 492/3 | €2,400 | €4,314 | +€1,914 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,298 | +€1,298 | |
| Other operating charges | 640/8 | €1,935 | €1,638 | -€297 | -15.3% |
| Gross operating margin | 9900 | -€12,157 | -€15,874 | -€3,717 | -30.6% |
| Operating profit (loss) | 9901 | -€14,092 | -€18,811 | -€4,719 | -33.5% |
| Financial income | 75/76B | €1 | €2 | +€1 | +63.1% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +63.1% |
| Financial charges | 65/66B | €8,793 | €8,558 | -€235 | -2.7% |
| Recurring financial charges | 65 | €8,793 | €8,558 | -€235 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,883 | -€27,366 | -€4,483 | -19.6% |
| Income taxes | 67/77 | €273 | €214 | -€59 | -21.7% |
| Profit (loss) for the period | 9904 | -€23,156 | -€27,580 | -€4,424 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,156 | -€27,580 | -€4,424 | -19.1% |
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 1 November 2026 via checked.be.