MEGASTOCK: 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.
MEGASTOCK
Largest movements
- Receivables after one year +€280,000
new in 2025: €280,000
- Receivables within one year -€196,891
down €196,891 (-92.9%), from €212,003 to €15,112
of which Trade receivables: -€202,323
- Stocks and contracts +€61,108
up €61,108 (+39.3%), from €155,601 to €216,709
- Debts after one year +€247,863
new in 2025: €247,863
- Trade debts -€99,122
down €99,122 (-77.6%), from €127,791 to €28,669
- Other debts -€52,500
down €52,500 (-78.9%), from €66,500 to €14,000
- Reserves +€40,552
up €40,552 (+27.6%), from €147,147 to €187,699
- Current portion of long-term debt +€32,137
new in 2025: €32,137
- Other operating charges -€18,352
down €18,352 (-85.3%), from €21,522 to €3,170
- Gross operating margin -€13,031
down €13,031 (-26.7%), from €48,830 to €35,799
- Financial income +€6,201
up €6,201 (+3226.6%), from €192 to €6,393
- Staff costs +€5,766
up €5,766 (+116.4%), from €4,953 to €10,720
- Taxes -€1,171
down €1,171 (-15.3%), from €7,674 to €6,503
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 | €385,196 | €527,333 | +€142,138 | +36.9% |
| Fixed assets | 21/28 | €8,822 | €7,729 | -€1,093 | -12.4% |
| Tangible fixed assets | 22/27 | €8,822 | €7,729 | -€1,093 | -12.4% |
| Plant, machinery and equipment | 23 | €8,822 | €7,729 | -€1,093 | -12.4% |
| Current assets | 29/58 | €376,374 | €519,604 | +€143,230 | +38.1% |
| Amounts receivable after more than one year | 29 | - | €280,000 | +€280,000 | |
| Other amounts receivable | 291 | - | €280,000 | +€280,000 | |
| Stocks and contracts in progress | 3 | €155,601 | €216,709 | +€61,108 | +39.3% |
| Stocks | 30/36 | €155,601 | €216,709 | +€61,108 | +39.3% |
| Amounts receivable within one year | 40/41 | €212,003 | €15,112 | -€196,891 | -92.9% |
| Trade receivables | 40 | €212,003 | €9,680 | -€202,323 | -95.4% |
| Other amounts receivable | 41 | - | €5,432 | +€5,432 | |
| Cash at bank and in hand | 54/58 | €8,769 | €7,783 | -€986 | -11.2% |
| Total equity and liabilities | 10/49 | €385,196 | €527,333 | +€142,138 | +36.9% |
| Equity | 10/15 | €176,074 | €193,899 | +€17,825 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,147 | €187,699 | +€40,552 | +27.6% |
| Distributable reserves | 133 | €147,147 | €187,699 | +€40,552 | +27.6% |
| Profit (loss) carried forward | 14 | €22,727 | €0 | -€22,727 | -100.0% |
| Amounts payable | 17/49 | €209,122 | €333,434 | +€124,313 | +59.4% |
| Amounts payable after more than one year | 17 | - | €247,863 | +€247,863 | |
| Financial debts | 170/4 | - | €247,863 | +€247,863 | |
| Amounts payable within one year | 42/48 | €209,122 | €85,571 | -€123,551 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | - | €32,137 | +€32,137 | |
| Trade debts | 44 | €127,791 | €28,669 | -€99,122 | -77.6% |
| Suppliers | 440/4 | €127,791 | €28,669 | -€99,122 | -77.6% |
| Taxes, remuneration and social security | 45 | €14,831 | €10,765 | -€4,066 | -27.4% |
| Taxes | 450/3 | €13,419 | €10,765 | -€2,653 | -19.8% |
| Remuneration and social security | 454/9 | €1,412 | €0 | -€1,412 | -100.0% |
| Other amounts payable | 47/48 | €66,500 | €14,000 | -€52,500 | -78.9% |
| Remuneration, social security and pensions | 62 | €4,953 | €10,720 | +€5,766 | +116.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,176 | €2,343 | -€833 | -26.2% |
| Other operating charges | 640/8 | €21,522 | €3,170 | -€18,352 | -85.3% |
| Gross operating margin | 9900 | €48,830 | €35,799 | -€13,031 | -26.7% |
| Operating profit (loss) | 9901 | €19,179 | €19,567 | +€389 | +2.0% |
| Financial income | 75/76B | €192 | €6,393 | +€6,201 | +3226.6% |
| Recurring financial income | 75 | €192 | €6,393 | +€6,201 | +3226.6% |
| Financial charges | 65/66B | €1,545 | €1,632 | +€87 | +5.6% |
| Recurring financial charges | 65 | €1,545 | €1,632 | +€87 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €17,826 | €24,328 | +€6,503 | +36.5% |
| Income taxes | 67/77 | €7,674 | €6,503 | -€1,171 | -15.3% |
| Profit (loss) for the period | 9904 | €10,152 | €17,825 | +€7,674 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,152 | €17,825 | +€7,674 | +75.6% |
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 4 October 2026 via checked.be.