MeGi Projects: 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.
MeGi Projects
Largest movements
- Financial fixed assets -€21,250
no longer reported in 2025 (was €21,250)
- Receivables within one year -€19,357
down €19,357 (-35.6%), from €54,374 to €35,018
of which Trade receivables: -€20,235
- Tangible fixed assets -€10,416
down €10,416 (-7.6%), from €137,170 to €126,755
- Cash +€4,872
up €4,872 (+15.9%), from €30,564 to €35,436
mainly Investment in fixed assets (net) (+€21,250) and Receivables within one year (+€19,357)
- Profit (loss) carried forward -€26,892
new in 2025: -€26,892
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Other debts +€15,068
up €15,068 (+994.8%), from €1,515 to €16,583
- Debts after one year -€14,235
down €14,235 (-13.2%), from €108,055 to €93,819
- Gross operating margin -€34,668
down €34,668, from €24,677 to -€9,991
- Taxes -€2,218
down €2,218 (-85.6%), from €2,590 to €372
- Financial charges +€653
up €653 (+14.9%), from €4,397 to €5,050
- Staff costs -€567
no longer reported in 2025 (was €567)
- Other operating charges -€413
down €413 (-28.0%), from €1,478 to €1,065
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 | €243,359 | €197,208 | -€46,151 | -19.0% |
| Fixed assets | 21/28 | €158,420 | €126,755 | -€31,666 | -20.0% |
| Tangible fixed assets | 22/27 | €137,170 | €126,755 | -€10,416 | -7.6% |
| Land and buildings | 22 | €122,167 | €118,072 | -€4,096 | -3.4% |
| Plant, machinery and equipment | 23 | €1,266 | €587 | -€678 | -53.6% |
| Furniture and vehicles | 24 | €7,069 | €4,096 | -€2,973 | -42.1% |
| Other tangible fixed assets | 26 | €6,668 | €4,000 | -€2,669 | -40.0% |
| Financial fixed assets | 28 | €21,250 | - | -€21,250 | |
| Current assets | 29/58 | €84,939 | €70,454 | -€14,485 | -17.1% |
| Amounts receivable within one year | 40/41 | €54,374 | €35,018 | -€19,357 | -35.6% |
| Trade receivables | 40 | €37,165 | €16,931 | -€20,235 | -54.4% |
| Other amounts receivable | 41 | €17,209 | €18,087 | +€878 | +5.1% |
| Cash at bank and in hand | 54/58 | €30,564 | €35,436 | +€4,872 | +15.9% |
| Total equity and liabilities | 10/49 | €243,359 | €197,208 | -€46,151 | -19.0% |
| Equity | 10/15 | €130,896 | €83,544 | -€47,352 | -36.2% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €112,296 | €110,436 | -€1,860 | -1.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €110,436 | €110,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,892 | -€26,892 | |
| Amounts payable | 17/49 | €112,463 | €113,664 | +€1,201 | +1.1% |
| Amounts payable after more than one year | 17 | €108,055 | €93,819 | -€14,235 | -13.2% |
| Financial debts | 170/4 | €108,055 | €93,819 | -€14,235 | -13.2% |
| Amounts payable within one year | 42/48 | €4,408 | €19,845 | +€15,437 | +350.2% |
| Trade debts | 44 | €2,893 | €3,262 | +€368 | +12.7% |
| Suppliers | 440/4 | €2,893 | €3,262 | +€368 | +12.7% |
| Other amounts payable | 47/48 | €1,515 | €16,583 | +€15,068 | +994.8% |
| Remuneration, social security and pensions | 62 | €567 | - | -€567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,645 | €10,416 | -€229 | -2.2% |
| Other operating charges | 640/8 | €1,478 | €1,065 | -€413 | -28.0% |
| Gross operating margin | 9900 | €24,677 | -€9,991 | -€34,668 | |
| Operating profit (loss) | 9901 | €11,987 | -€21,471 | -€33,458 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,397 | €5,050 | +€653 | +14.9% |
| Recurring financial charges | 65 | €4,397 | €5,050 | +€653 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €7,590 | -€26,519 | -€34,109 | |
| Income taxes | 67/77 | €2,590 | €372 | -€2,218 | -85.6% |
| Profit (loss) for the period | 9904 | €5,000 | -€26,892 | -€31,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,000 | -€26,892 | -€31,892 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.