MEGAWIN: 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.
MEGAWIN
Largest movements
- Cash +€67,103
up €67,103 (+212.9%), from €31,519 to €98,622
mainly Depreciation (+€37,789) and Net result for the year (+€36,080)
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Tangible fixed assets -€30,368
down €30,368 (-10.7%), from €283,004 to €252,636
of which Other tangible fixed assets: -€16,955
- Receivables within one year +€15,454
up €15,454 (+259.9%), from €5,945 to €21,399
of which Other amounts receivable: +€12,582
- Reserves +€36,080
up €36,080 (+31.6%), from €114,347 to €150,427
of which Distributable reserves: +€36,080
- Advances received -€14,970
down €14,970 (-57.3%), from €26,139 to €11,169
- Tax, wage and social debts -€6,229
down €6,229 (-40.3%), from €15,439 to €9,210
of which Taxes: -€10,109
- Trade debts +€5,775
up €5,775 (+93.7%), from €6,164 to €11,939
- Gross operating margin -€16,584
down €16,584 (-12.4%), from €133,737 to €117,153
- Depreciation +€10,892
up €10,892 (+40.5%), from €26,897 to €37,789
- Staff costs -€8,678
down €8,678 (-28.7%), from €30,233 to €21,555
- Taxes -€8,200
down €8,200 (-35.2%), from €23,294 to €15,094
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 | €358,896 | €379,361 | +€20,465 | +5.7% |
| Fixed assets | 21/28 | €283,512 | €253,144 | -€30,368 | -10.7% |
| Tangible fixed assets | 22/27 | €283,004 | €252,636 | -€30,368 | -10.7% |
| Plant, machinery and equipment | 23 | €9,871 | €6,943 | -€2,928 | -29.7% |
| Furniture and vehicles | 24 | €45,258 | €34,773 | -€10,485 | -23.2% |
| Other tangible fixed assets | 26 | €227,875 | €210,920 | -€16,955 | -7.4% |
| Financial fixed assets | 28 | €508 | €508 | = | 0.0% |
| Current assets | 29/58 | €75,384 | €126,217 | +€50,833 | +67.4% |
| Stocks and contracts in progress | 3 | €1,280 | €1,246 | -€34 | -2.7% |
| Stocks | 30/36 | €1,280 | €1,246 | -€34 | -2.7% |
| Amounts receivable within one year | 40/41 | €5,945 | €21,399 | +€15,454 | +259.9% |
| Trade receivables | 40 | €3,038 | €5,910 | +€2,872 | +94.5% |
| Other amounts receivable | 41 | €2,907 | €15,489 | +€12,582 | +432.8% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €31,519 | €98,622 | +€67,103 | +212.9% |
| Deferred charges and accrued income | 490/1 | €1,640 | €4,950 | +€3,310 | +201.8% |
| Total equity and liabilities | 10/49 | €358,896 | €379,361 | +€20,465 | +5.7% |
| Equity | 10/15 | €304,129 | €340,209 | +€36,080 | +11.9% |
| Contributions | 10/11 | €112,305 | €112,305 | = | 0.0% |
| Capital | 10 | €112,305 | €112,305 | = | 0.0% |
| Issued capital | 100 | €112,305 | €112,305 | = | 0.0% |
| Reserves | 13 | €114,347 | €150,427 | +€36,080 | +31.6% |
| Non-distributable reserves | 130/1 | €11,327 | €11,327 | = | 0.0% |
| Legal reserve | 130 | €11,327 | €11,327 | = | 0.0% |
| Distributable reserves | 133 | €103,020 | €139,100 | +€36,080 | +35.0% |
| Profit (loss) carried forward | 14 | €77,477 | €77,477 | = | 0.0% |
| Amounts payable | 17/49 | €54,767 | €39,152 | -€15,615 | -28.5% |
| Amounts payable after more than one year | 17 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,069 | €36,652 | -€15,417 | -29.6% |
| Trade debts | 44 | €6,164 | €11,939 | +€5,775 | +93.7% |
| Suppliers | 440/4 | €6,164 | €11,939 | +€5,775 | +93.7% |
| Advances received on contracts in progress | 46 | €26,139 | €11,169 | -€14,970 | -57.3% |
| Taxes, remuneration and social security | 45 | €15,439 | €9,210 | -€6,229 | -40.3% |
| Taxes | 450/3 | €13,018 | €2,909 | -€10,109 | -77.7% |
| Remuneration and social security | 454/9 | €2,421 | €6,301 | +€3,880 | +160.3% |
| Other amounts payable | 47/48 | €4,327 | €4,334 | +€7 | +0.2% |
| Accrued charges and deferred income | 492/3 | €198 | - | -€198 | |
| Remuneration, social security and pensions | 62 | €30,233 | €21,555 | -€8,678 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,897 | €37,789 | +€10,892 | +40.5% |
| Other operating charges | 640/8 | €7,044 | €7,317 | +€273 | +3.9% |
| Gross operating margin | 9900 | €133,737 | €117,153 | -€16,584 | -12.4% |
| Operating profit (loss) | 9901 | €69,563 | €50,492 | -€19,071 | -27.4% |
| Financial income | 75/76B | €962 | €965 | +€3 | +0.3% |
| Recurring financial income | 75 | €962 | €965 | +€3 | +0.3% |
| Financial charges | 65/66B | €643 | €283 | -€360 | -56.0% |
| Recurring financial charges | 65 | €643 | €283 | -€360 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €69,882 | €51,174 | -€18,708 | -26.8% |
| Income taxes | 67/77 | €23,294 | €15,094 | -€8,200 | -35.2% |
| Profit (loss) for the period | 9904 | €46,588 | €36,080 | -€10,508 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,588 | €36,080 | -€10,508 | -22.6% |
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 11 October 2026 via checked.be.