MEGASON: 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.
MEGASON
Largest movements
- Cash +€9,013
up €9,013 (+10.4%), from €86,920 to €95,933
mainly Other debts (+€9,576) and Net result for the year (+€5,074)
- Tangible fixed assets -€5,206
down €5,206 (-2.0%), from €265,744 to €260,539
- Other debts +€9,576
up €9,576 (+55.4%), from €17,288 to €26,863
- Accrued charges and deferred income -€7,255
down €7,255 (-87.7%), from €8,268 to €1,013
- Profit (loss) carried forward +€4,610
up €4,610 (+2.9%), from -€157,030 to -€152,420
- Gross operating margin -€13,181
down €13,181 (-44.1%), from €29,882 to €16,701
- Financial income -€5,511
down €5,511 (-75.1%), from €7,338 to €1,827
- Depreciation -€4,531
down €4,531 (-58.1%), from €7,804 to €3,272
- Financial charges -€1,857
down €1,857 (-53.1%), from €3,495 to €1,638
- Other operating charges +€572
up €572 (+7.2%), from €7,972 to €8,544
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 | €355,715 | €360,392 | +€4,677 | +1.3% |
| Fixed assets | 21/28 | €265,744 | €260,539 | -€5,206 | -2.0% |
| Tangible fixed assets | 22/27 | €265,744 | €260,539 | -€5,206 | -2.0% |
| Land and buildings | 22 | €265,744 | €260,539 | -€5,206 | -2.0% |
| Current assets | 29/58 | €89,971 | €99,854 | +€9,883 | +11.0% |
| Amounts receivable within one year | 40/41 | €2,216 | €2,720 | +€503 | +22.7% |
| Other amounts receivable | 41 | €2,216 | €2,720 | +€503 | +22.7% |
| Cash at bank and in hand | 54/58 | €86,920 | €95,933 | +€9,013 | +10.4% |
| Deferred charges and accrued income | 490/1 | €834 | €1,201 | +€367 | +44.0% |
| Total equity and liabilities | 10/49 | €355,715 | €360,392 | +€4,677 | +1.3% |
| Equity | 10/15 | €325,316 | €329,926 | +€4,610 | +1.4% |
| Contributions | 10/11 | €312,346 | €312,346 | = | 0.0% |
| Capital | 10 | €312,346 | €312,346 | = | 0.0% |
| Issued capital | 100 | €312,346 | €312,346 | = | 0.0% |
| Revaluation surpluses | 12 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,030 | -€152,420 | +€4,610 | +2.9% |
| Amounts payable | 17/49 | €30,399 | €30,466 | +€67 | +0.2% |
| Amounts payable after more than one year | 17 | €692 | €692 | = | 0.0% |
| Other amounts payable | 178/9 | €692 | €692 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,440 | €28,762 | +€7,322 | +34.2% |
| Trade debts | 44 | €609 | €1,465 | +€856 | +140.6% |
| Suppliers | 440/4 | €609 | €1,465 | +€856 | +140.6% |
| Taxes, remuneration and social security | 45 | €3,543 | €434 | -€3,109 | -87.7% |
| Taxes | 450/3 | €3,543 | €434 | -€3,109 | -87.7% |
| Other amounts payable | 47/48 | €17,288 | €26,863 | +€9,576 | +55.4% |
| Accrued charges and deferred income | 492/3 | €8,268 | €1,013 | -€7,255 | -87.7% |
| Non-recurring operating income | 76A | - | €7,066 | +€7,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,804 | €3,272 | -€4,531 | -58.1% |
| Other operating charges | 640/8 | €7,972 | €8,544 | +€572 | +7.2% |
| Gross operating margin | 9900 | €29,882 | €16,701 | -€13,181 | -44.1% |
| Operating profit (loss) | 9901 | €14,106 | €4,885 | -€9,222 | -65.4% |
| Financial income | 75/76B | €7,338 | €1,827 | -€5,511 | -75.1% |
| Recurring financial income | 75 | €7,338 | €1,827 | -€5,511 | -75.1% |
| Financial charges | 65/66B | €3,495 | €1,638 | -€1,857 | -53.1% |
| Recurring financial charges | 65 | €3,495 | €1,638 | -€1,857 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €17,950 | €5,074 | -€12,876 | -71.7% |
| Profit (loss) for the period | 9904 | €17,950 | €5,074 | -€12,876 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,950 | €5,074 | -€12,876 | -71.7% |
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 3 October 2026 via checked.be.