Meghdiam: 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.
Meghdiam
Largest movements
- Receivables within one year -€322,985
down €322,985 (-54.4%), from €594,162 to €271,176
of which Trade receivables: -€334,088
- Cash +€148,067
up €148,067 (+22.7%), from €651,334 to €799,401
mainly Receivables within one year (+€322,985) and Depreciation (+€4,308)
- Stocks and contracts +€18,897
up €18,897 (+33.5%), from €56,338 to €75,235
- Reserves -€155,786
down €155,786 (-11.5%), from €1.4m to €1.2m
of which Distributable reserves: -€155,786
- Financial charges +€128,163
up €128,163 (+1,980%), from €6,474 to €134,636
- Financial income -€60,689
down €60,689 (-73.5%), from €82,623 to €21,934
- Gross operating margin -€32,443
down €32,443, from €2,433 to -€30,010
- Other operating charges -€24,367
down €24,367 (-87.4%), from €27,876 to €3,509
- Taxes -€2,826
down €2,826 (-35.0%), from €8,082 to €5,257
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.
Derived cash bridge
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 | €1,380,629 | €1,219,545 | -€161,084 | -11.7% |
| Fixed assets | 21/28 | €74,690 | €70,382 | -€4,308 | -5.8% |
| Tangible fixed assets | 22/27 | €74,640 | €70,332 | -€4,308 | -5.8% |
| Land and buildings | 22 | €71,865 | €68,663 | -€3,202 | -4.5% |
| Plant, machinery and equipment | 23 | €2,775 | €1,669 | -€1,106 | -39.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,305,939 | €1,149,163 | -€156,776 | -12.0% |
| Stocks and contracts in progress | 3 | €56,338 | €75,235 | +€18,897 | +33.5% |
| Stocks | 30/36 | €56,338 | €75,235 | +€18,897 | +33.5% |
| Amounts receivable within one year | 40/41 | €594,162 | €271,176 | -€322,985 | -54.4% |
| Trade receivables | 40 | €575,238 | €241,150 | -€334,088 | -58.1% |
| Other amounts receivable | 41 | €18,924 | €30,027 | +€11,103 | +58.7% |
| Cash at bank and in hand | 54/58 | €651,334 | €799,401 | +€148,067 | +22.7% |
| Deferred charges and accrued income | 490/1 | €4,105 | €3,351 | -€754 | -18.4% |
| Total equity and liabilities | 10/49 | €1,380,629 | €1,219,545 | -€161,084 | -11.7% |
| Equity | 10/15 | €1,371,716 | €1,215,929 | -€155,786 | -11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,353,124 | €1,197,337 | -€155,786 | -11.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,351,264 | €1,195,478 | -€155,786 | -11.5% |
| Amounts payable | 17/49 | €8,914 | €3,616 | -€5,298 | -59.4% |
| Amounts payable within one year | 42/48 | €8,873 | €3,616 | -€5,257 | -59.2% |
| Trade debts | 44 | €4,161 | €3,616 | -€544 | -13.1% |
| Suppliers | 440/4 | €4,161 | €3,616 | -€544 | -13.1% |
| Taxes, remuneration and social security | 45 | €4,713 | - | -€4,713 | |
| Taxes | 450/3 | €4,713 | - | -€4,713 | |
| Accrued charges and deferred income | 492/3 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,295 | €4,308 | +€13 | +0.3% |
| Other operating charges | 640/8 | €27,876 | €3,509 | -€24,367 | -87.4% |
| Gross operating margin | 9900 | €2,433 | -€30,010 | -€32,443 | |
| Operating profit (loss) | 9901 | -€29,738 | -€37,827 | -€8,089 | -27.2% |
| Financial income | 75/76B | €82,623 | €21,934 | -€60,689 | -73.5% |
| Recurring financial income | 75 | €82,623 | €21,934 | -€60,689 | -73.5% |
| Financial charges | 65/66B | €6,474 | €134,636 | +€128,163 | +1,980% |
| Recurring financial charges | 65 | €6,474 | €134,636 | +€128,163 | +1,980% |
| Profit (loss) for the period before taxes | 9903 | €46,412 | -€150,530 | -€196,941 | |
| Income taxes | 67/77 | €8,082 | €5,257 | -€2,826 | -35.0% |
| Profit (loss) for the period | 9904 | €38,329 | -€155,786 | -€194,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,329 | -€155,786 | -€194,116 |
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 20 October 2026 via checked.be.