MEHMEL: 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.
MEHMEL
Largest movements
- Cash -€44,650
down €44,650 (-73.8%), from €60,489 to €15,839
mainly Contributions, distributions and other (-€49,076) and Receivables within one year (-€16,480)
- Receivables within one year +€16,480
up €16,480 (+544%), from €3,028 to €19,509
of which Trade receivables: +€8,426
- Intangible fixed assets -€6,555
down €6,555 (-17.1%), from €38,366 to €31,811
- Tangible fixed assets -€1,384
down €1,384 (-6.8%), from €20,493 to €19,108
of which Plant, machinery and equipment: -€3,592
- Profit (loss) carried forward -€47,286
down €47,286 (-61.0%), from €77,464 to €30,178
- Other debts +€17,076
new in 2025: €17,076
- Trade debts -€4,645
down €4,645 (-22.0%), from €21,126 to €16,480
- Tax, wage and social debts -€1,536
down €1,536 (-8.1%), from €19,025 to €17,489
of which Taxes: -€6,102
- Staff costs +€16,186
up €16,186 (+36.7%), from €44,082 to €60,268
- Gross operating margin +€12,816
up €12,816 (+16.6%), from €77,308 to €90,124
- Financial charges +€2,048
up €2,048 (+31.6%), from €6,487 to €8,535
- Depreciation +€1,112
up €1,112 (+8.7%), from €12,765 to €13,877
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 | €127,615 | €91,222 | -€36,392 | -28.5% |
| Fixed assets | 21/28 | €61,458 | €53,519 | -€7,939 | -12.9% |
| Intangible fixed assets | 21 | €38,366 | €31,811 | -€6,555 | -17.1% |
| Tangible fixed assets | 22/27 | €20,493 | €19,108 | -€1,384 | -6.8% |
| Land and buildings | 22 | €14,003 | €12,218 | -€1,785 | -12.7% |
| Plant, machinery and equipment | 23 | €3,969 | €377 | -€3,592 | -90.5% |
| Furniture and vehicles | 24 | €2,521 | €6,514 | +€3,993 | +158% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €66,157 | €37,703 | -€28,453 | -43.0% |
| Stocks and contracts in progress | 3 | €2,110 | €1,785 | -€325 | -15.4% |
| Stocks | 30/36 | €2,110 | €1,785 | -€325 | -15.4% |
| Amounts receivable within one year | 40/41 | €3,028 | €19,509 | +€16,480 | +544% |
| Trade receivables | 40 | €502 | €8,928 | +€8,426 | +1,680% |
| Other amounts receivable | 41 | €2,527 | €10,581 | +€8,054 | +319% |
| Cash at bank and in hand | 54/58 | €60,489 | €15,839 | -€44,650 | -73.8% |
| Deferred charges and accrued income | 490/1 | €529 | €571 | +€41 | +7.8% |
| Total equity and liabilities | 10/49 | €127,615 | €91,222 | -€36,392 | -28.5% |
| Equity | 10/15 | €87,464 | €40,178 | -€47,286 | -54.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,464 | €30,178 | -€47,286 | -61.0% |
| Amounts payable | 17/49 | €40,150 | €51,045 | +€10,894 | +27.1% |
| Amounts payable within one year | 42/48 | €40,150 | €51,045 | +€10,894 | +27.1% |
| Trade debts | 44 | €21,126 | €16,480 | -€4,645 | -22.0% |
| Suppliers | 440/4 | €21,126 | €16,480 | -€4,645 | -22.0% |
| Taxes, remuneration and social security | 45 | €19,025 | €17,489 | -€1,536 | -8.1% |
| Taxes | 450/3 | €14,838 | €8,737 | -€6,102 | -41.1% |
| Remuneration and social security | 454/9 | €4,186 | €8,752 | +€4,566 | +109% |
| Other amounts payable | 47/48 | - | €17,076 | +€17,076 | |
| Non-recurring operating income | 76A | €4,480 | - | -€4,480 | |
| Remuneration, social security and pensions | 62 | €44,082 | €60,268 | +€16,186 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,765 | €13,877 | +€1,112 | +8.7% |
| Other operating charges | 640/8 | €3,232 | €2,548 | -€684 | -21.2% |
| Gross operating margin | 9900 | €77,308 | €90,124 | +€12,816 | +16.6% |
| Operating profit (loss) | 9901 | €17,229 | €13,432 | -€3,797 | -22.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,057% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,057% |
| Financial charges | 65/66B | €6,487 | €8,535 | +€2,048 | +31.6% |
| Recurring financial charges | 65 | €6,487 | €8,535 | +€2,048 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €10,742 | €4,897 | -€5,844 | -54.4% |
| Income taxes | 67/77 | €3,164 | €3,108 | -€56 | -1.8% |
| Profit (loss) for the period | 9904 | €7,578 | €1,789 | -€5,788 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,578 | €1,789 | -€5,788 | -76.4% |
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 15 October 2026 via checked.be.