MEGESCO: 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.
MEGESCO
Largest movements
- Receivables within one year -€38,846
down €38,846 (-46.0%), from €84,499 to €45,653
of which Other amounts receivable: -€28,028
- Profit (loss) carried forward -€31,826
down €31,826 (-68.1%), from €46,720 to €14,894
- Advances received -€25,600
no longer reported in 2025 (was €25,600)
- Other debts +€17,637
up €17,637 (+280.0%), from €6,299 to €23,936
- Trade debts +€3,258
up €3,258 (+539.2%), from €604 to €3,862
- Tax, wage and social debts -€2,452
down €2,452 (-83.1%), from €2,950 to €498
- Gross operating margin -€18,044
down €18,044 (-139.0%), from -€12,986 to -€31,030
- Other operating charges -€1,495
down €1,495 (-85.0%), from €1,759 to €264
- Taxes +€337
up €337 (+173.4%), from €194 to €532
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 | €85,173 | €46,190 | -€38,983 | -45.8% |
| Fixed assets | 21/28 | €84 | €84 | = | 0.0% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €85,089 | €46,106 | -€38,983 | -45.8% |
| Amounts receivable within one year | 40/41 | €84,499 | €45,653 | -€38,846 | -46.0% |
| Trade receivables | 40 | €24,385 | €13,567 | -€10,818 | -44.4% |
| Other amounts receivable | 41 | €60,114 | €32,086 | -€28,028 | -46.6% |
| Cash at bank and in hand | 54/58 | €325 | €7 | -€318 | -97.7% |
| Deferred charges and accrued income | 490/1 | €264 | €445 | +€181 | +68.5% |
| Total equity and liabilities | 10/49 | €85,173 | €46,190 | -€38,983 | -45.8% |
| Equity | 10/15 | €49,720 | €17,894 | -€31,826 | -64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,720 | €14,894 | -€31,826 | -68.1% |
| Amounts payable | 17/49 | €35,453 | €28,296 | -€7,157 | -20.2% |
| Amounts payable within one year | 42/48 | €35,453 | €28,296 | -€7,157 | -20.2% |
| Trade debts | 44 | €604 | €3,862 | +€3,258 | +539.2% |
| Suppliers | 440/4 | €604 | €3,862 | +€3,258 | +539.2% |
| Advances received on contracts in progress | 46 | €25,600 | - | -€25,600 | |
| Taxes, remuneration and social security | 45 | €2,950 | €498 | -€2,452 | -83.1% |
| Taxes | 450/3 | €2,950 | €498 | -€2,452 | -83.1% |
| Other amounts payable | 47/48 | €6,299 | €23,936 | +€17,637 | +280.0% |
| Other operating charges | 640/8 | €1,759 | €264 | -€1,495 | -85.0% |
| Gross operating margin | 9900 | -€12,986 | -€31,030 | -€18,044 | -139.0% |
| Operating profit (loss) | 9901 | -€14,745 | -€31,294 | -€16,550 | -112.2% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €214 | - | -€214 | |
| Recurring financial charges | 65 | €214 | - | -€214 | |
| Profit (loss) for the period before taxes | 9903 | -€14,954 | -€31,294 | -€16,340 | -109.3% |
| Income taxes | 67/77 | €194 | €532 | +€337 | +173.4% |
| Profit (loss) for the period | 9904 | -€15,149 | -€31,826 | -€16,677 | -110.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,149 | -€31,826 | -€16,677 | -110.1% |
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.