MEGUSTO: 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.
MEGUSTO
Largest movements
- Tangible fixed assets -€16,041
down €16,041 (-20.9%), from €76,734 to €60,693
- Receivables within one year -€9,912
down €9,912 (-34.3%), from €28,924 to €19,012
of which Other amounts receivable: -€10,293
- Cash -€6,822
down €6,822 (-25.4%), from €26,868 to €20,046
mainly Contributions, distributions and other (-€126,666) and Tax, wage and social debts (-€16,000)
- Reserves -€33,801
down €33,801 (-61.3%), from €55,177 to €21,377
- Other debts +€29,611
up €29,611 (+39586.9%), from €75 to €29,686
- Tax, wage and social debts -€16,000
down €16,000 (-54.1%), from €29,575 to €13,576
- Debts after one year -€9,910
down €9,910 (-35.3%), from €28,073 to €18,163
- Trade debts -€4,743
down €4,743 (-73.0%), from €6,501 to €1,758
- Gross operating margin +€15,203
up €15,203 (+11.8%), from €128,475 to €143,678
- Depreciation +€12,479
up €12,479 (+271.3%), from €4,600 to €17,079
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 | €134,608 | €101,484 | -€33,124 | -24.6% |
| Fixed assets | 21/28 | €76,734 | €60,693 | -€16,041 | -20.9% |
| Tangible fixed assets | 22/27 | €76,734 | €60,693 | -€16,041 | -20.9% |
| Furniture and vehicles | 24 | €76,734 | €60,693 | -€16,041 | -20.9% |
| Current assets | 29/58 | €57,874 | €40,791 | -€17,083 | -29.5% |
| Amounts receivable within one year | 40/41 | €28,924 | €19,012 | -€9,912 | -34.3% |
| Trade receivables | 40 | €17,893 | €18,274 | +€382 | +2.1% |
| Other amounts receivable | 41 | €11,031 | €738 | -€10,293 | -93.3% |
| Cash at bank and in hand | 54/58 | €26,868 | €20,046 | -€6,822 | -25.4% |
| Deferred charges and accrued income | 490/1 | €2,082 | €1,734 | -€349 | -16.7% |
| Total equity and liabilities | 10/49 | €134,608 | €101,484 | -€33,124 | -24.6% |
| Equity | 10/15 | €60,177 | €28,336 | -€31,841 | -52.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,177 | €21,377 | -€33,801 | -61.3% |
| Distributable reserves | 133 | €55,177 | €21,377 | -€33,801 | -61.3% |
| Profit (loss) carried forward | 14 | €0 | €1,959 | +€1,959 | |
| Amounts payable | 17/49 | €74,431 | €73,148 | -€1,282 | -1.7% |
| Amounts payable after more than one year | 17 | €28,073 | €18,163 | -€9,910 | -35.3% |
| Financial debts | 170/4 | €28,073 | €18,163 | -€9,910 | -35.3% |
| Amounts payable within one year | 42/48 | €46,358 | €54,986 | +€8,628 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €9,584 | €9,910 | +€327 | +3.4% |
| Financial debts | 43 | €623 | €56 | -€567 | -91.0% |
| Credit institutions | 430/8 | €623 | €56 | -€567 | -91.0% |
| Trade debts | 44 | €6,501 | €1,758 | -€4,743 | -73.0% |
| Suppliers | 440/4 | €6,501 | €1,758 | -€4,743 | -73.0% |
| Taxes, remuneration and social security | 45 | €29,575 | €13,576 | -€16,000 | -54.1% |
| Taxes | 450/3 | €29,575 | €13,576 | -€16,000 | -54.1% |
| Other amounts payable | 47/48 | €75 | €29,686 | +€29,611 | +39586.9% |
| Non-recurring operating income | 76A | €120 | €1,974 | +€1,854 | +1545.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,600 | €17,079 | +€12,479 | +271.3% |
| Other operating charges | 640/8 | €657 | €1,526 | +€869 | +132.3% |
| Non-recurring operating charges | 66A | - | €276 | +€276 | |
| Gross operating margin | 9900 | €128,475 | €143,678 | +€15,203 | +11.8% |
| Operating profit (loss) | 9901 | €123,218 | €124,797 | +€1,579 | +1.3% |
| Financial income | 75/76B | €1,020 | €738 | -€282 | -27.7% |
| Recurring financial income | 75 | €1,020 | €738 | -€282 | -27.7% |
| Financial charges | 65/66B | €1,368 | €1,712 | +€344 | +25.1% |
| Recurring financial charges | 65 | €1,368 | €1,712 | +€344 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €122,870 | €123,823 | +€953 | +0.8% |
| Income taxes | 67/77 | €28,217 | €28,998 | +€781 | +2.8% |
| Profit (loss) for the period | 9904 | €94,652 | €94,825 | +€172 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €94,652 | €94,825 | +€172 | +0.2% |
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 1 October 2026 via checked.be.