MEGILAW: 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.
MEGILAW
Largest movements
- Cash +€37,779
up €37,779 (+160.2%), from €23,585 to €61,364
mainly Net result for the year (+€31,004) and Debts after one year (+€16,752)
- Tangible fixed assets +€19,202
new in 2025: €19,202
of which Furniture and vehicles: +€19,202
- Deferred charges and accrued income +€954
new in 2025: €954
- Profit (loss) carried forward +€30,145
up €30,145 (+192.2%), from €15,682 to €45,826
- Debts after one year +€16,752
new in 2025: €16,752
- Other debts +€9,193
up €9,193 (+273.0%), from €3,367 to €12,560
- Current portion of long-term debt +€4,776
new in 2025: €4,776
- Tax, wage and social debts -€3,804
down €3,804 (-25.8%), from €14,733 to €10,930
of which Taxes: -€3,804
- Gross operating margin +€40,108
up €40,108 (+187.6%), from €21,375 to €61,483
- Depreciation +€9,601
new in 2025: €9,601
- Write-downs +€5,774
new in 2025: €5,774
- Taxes +€5,656
up €5,656 (+127.1%), from €4,450 to €10,106
- Other operating charges +€3,019
up €3,019 (+779.4%), from €387 to €3,406
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 | €35,302 | €93,248 | +€57,946 | +164.1% |
| Fixed assets | 21/28 | - | €20,102 | +€20,102 | |
| Tangible fixed assets | 22/27 | - | €19,202 | +€19,202 | |
| Furniture and vehicles | 24 | - | €19,202 | +€19,202 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €35,302 | €73,146 | +€37,844 | +107.2% |
| Amounts receivable within one year | 40/41 | €11,716 | €10,827 | -€889 | -7.6% |
| Trade receivables | 40 | €11,544 | €10,827 | -€717 | -6.2% |
| Other amounts receivable | 41 | €172 | €0 | -€172 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,585 | €61,364 | +€37,779 | +160.2% |
| Deferred charges and accrued income | 490/1 | - | €954 | +€954 | |
| Total equity and liabilities | 10/49 | €35,302 | €93,248 | +€57,946 | +164.1% |
| Equity | 10/15 | €17,182 | €47,326 | +€30,145 | +175.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,682 | €45,826 | +€30,145 | +192.2% |
| Amounts payable | 17/49 | €18,120 | €45,922 | +€27,802 | +153.4% |
| Amounts payable after more than one year | 17 | - | €16,752 | +€16,752 | |
| Financial debts | 170/4 | - | €16,752 | +€16,752 | |
| Amounts payable within one year | 42/48 | €18,120 | €28,705 | +€10,585 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,776 | +€4,776 | |
| Trade debts | 44 | €19 | €439 | +€419 | +2151.2% |
| Suppliers | 440/4 | €19 | €439 | +€419 | +2151.2% |
| Taxes, remuneration and social security | 45 | €14,733 | €10,930 | -€3,804 | -25.8% |
| Taxes | 450/3 | €14,733 | €10,930 | -€3,804 | -25.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €3,367 | €12,560 | +€9,193 | +273.0% |
| Accrued charges and deferred income | 492/3 | - | €465 | +€465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,601 | +€9,601 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,774 | +€5,774 | |
| Other operating charges | 640/8 | €387 | €3,406 | +€3,019 | +779.4% |
| Gross operating margin | 9900 | €21,375 | €61,483 | +€40,108 | +187.6% |
| Operating profit (loss) | 9901 | €20,988 | €42,701 | +€21,714 | +103.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €23 | €1,592 | +€1,569 | +6816.8% |
| Recurring financial charges | 65 | €23 | €1,592 | +€1,569 | +6816.8% |
| Profit (loss) for the period before taxes | 9903 | €20,965 | €41,109 | +€20,145 | +96.1% |
| Income taxes | 67/77 | €4,450 | €10,106 | +€5,656 | +127.1% |
| Profit (loss) for the period | 9904 | €16,515 | €31,004 | +€14,489 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,515 | €31,004 | +€14,489 | +87.7% |
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 3 October 2026 via checked.be.