MEGNIL: 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.
MEGNIL
Largest movements
- Stocks and contracts +€260,477
up €260,477 (+33.8%), from €770,847 to €1.0m
of which Stocks: +€260,477
- Receivables within one year -€123,424
down €123,424 (-4.4%), from €2.8m to €2.7m
of which Other amounts receivable: -€144,716
- Tangible fixed assets -€107,798
down €107,798 (-9.0%), from €1.2m to €1.1m
- Other debts +€381,057
up €381,057 (+15.8%), from €2.4m to €2.8m
- Debts after one year -€295,002
down €295,002 (-30.6%), from €963,437 to €668,435
of which Financial debts: -€295,002
- Reserves -€76,790
down €76,790 (-12.4%), from €617,946 to €541,156
of which Tax-exempt reserves: -€76,790
- Gross operating margin +€33,865
up €33,865 (+13.4%), from €251,998 to €285,863
- Financial charges -€29,639
down €29,639 (-15.6%), from €190,204 to €160,565
- Financial income -€17,426
down €17,426 (-33.0%), from €52,739 to €35,313
- Other operating charges +€14,629
up €14,629 (+20.0%), from €73,140 to €87,769
- Depreciation -€12,163
down €12,163 (-10.1%), from €119,961 to €107,798
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 | €5,030,219 | €5,051,015 | +€20,796 | +0.4% |
| Fixed assets | 21/28 | €1,428,719 | €1,320,922 | -€107,798 | -7.5% |
| Tangible fixed assets | 22/27 | €1,195,947 | €1,088,149 | -€107,798 | -9.0% |
| Land and buildings | 22 | €1,195,947 | €1,088,149 | -€107,798 | -9.0% |
| Financial fixed assets | 28 | €232,772 | €232,772 | = | 0.0% |
| Current assets | 29/58 | €3,601,500 | €3,730,093 | +€128,594 | +3.6% |
| Stocks and contracts in progress | 3 | €770,847 | €1,031,325 | +€260,477 | +33.8% |
| Stocks | 30/36 | €740,847 | €1,001,325 | +€260,477 | +35.2% |
| Contracts in progress | 37 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,780,998 | €2,657,574 | -€123,424 | -4.4% |
| Trade receivables | 40 | €51,792 | €73,085 | +€21,292 | +41.1% |
| Other amounts receivable | 41 | €2,729,205 | €2,584,489 | -€144,716 | -5.3% |
| Current investments | 50/53 | €37,184 | €37,184 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,787 | €4,011 | -€7,776 | -66.0% |
| Deferred charges and accrued income | 490/1 | €683 | €0 | -€683 | -100.0% |
| Total equity and liabilities | 10/49 | €5,030,219 | €5,051,015 | +€20,796 | +0.4% |
| Equity | 10/15 | -€175,277 | -€218,779 | -€43,502 | -24.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €617,946 | €541,156 | -€76,790 | -12.4% |
| Tax-exempt reserves | 132 | €616,087 | €539,297 | -€76,790 | -12.5% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€799,420 | -€766,132 | +€33,288 | +4.2% |
| Amounts payable | 17/49 | €5,205,496 | €5,269,793 | +€64,298 | +1.2% |
| Amounts payable after more than one year | 17 | €963,437 | €668,435 | -€295,002 | -30.6% |
| Financial debts | 170/4 | €950,737 | €655,735 | -€295,002 | -31.0% |
| Other amounts payable | 178/9 | €12,700 | €12,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,203,134 | €4,568,776 | +€365,642 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €257,934 | €243,172 | -€14,762 | -5.7% |
| Financial debts | 43 | €1,455,000 | €1,455,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,455,000 | €1,455,000 | = | 0.0% |
| Trade debts | 44 | €82,692 | €73,492 | -€9,199 | -11.1% |
| Suppliers | 440/4 | €82,692 | €73,492 | -€9,199 | -11.1% |
| Taxes, remuneration and social security | 45 | €363 | €8,910 | +€8,547 | +2354.5% |
| Taxes | 450/3 | €363 | €8,910 | +€8,547 | +2354.5% |
| Other amounts payable | 47/48 | €2,407,145 | €2,788,202 | +€381,057 | +15.8% |
| Accrued charges and deferred income | 492/3 | €38,925 | €32,582 | -€6,343 | -16.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,961 | €107,798 | -€12,163 | -10.1% |
| Other operating charges | 640/8 | €73,140 | €87,769 | +€14,629 | +20.0% |
| Gross operating margin | 9900 | €251,998 | €285,863 | +€33,865 | +13.4% |
| Operating profit (loss) | 9901 | €58,897 | €90,296 | +€31,399 | +53.3% |
| Financial income | 75/76B | €52,739 | €35,313 | -€17,426 | -33.0% |
| Recurring financial income | 75 | €52,739 | €35,313 | -€17,426 | -33.0% |
| Financial charges | 65/66B | €190,204 | €160,565 | -€29,639 | -15.6% |
| Recurring financial charges | 65 | €190,204 | €160,565 | -€29,639 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€78,568 | -€34,955 | +€43,613 | +55.5% |
| Income taxes | 67/77 | €0 | €8,547 | +€8,547 | |
| Profit (loss) for the period | 9904 | -€78,568 | -€43,502 | +€35,066 | +44.6% |
| Transfer from tax-exempt reserves | 789 | €76,790 | €76,790 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,778 | €33,288 | +€35,066 |
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 5 October 2026 via checked.be.