MEHRA: 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.
MEHRA
Largest movements
- Stocks and contracts +€14,125
up €14,125 (+154%), from €9,171 to €23,296
- Cash -€11,108
down €11,108 (-79.6%), from €13,960 to €2,852
mainly Stocks and contracts (-€14,125) and Debts after one year (-€3,840)
- Tangible fixed assets -€5,352
down €5,352 (-20.0%), from €26,744 to €21,392
- Receivables within one year +€2,417
up €2,417 (+194%), from €1,249 to €3,665
- Deferred charges and accrued income -€905
down €905 (-100%), from €905 to €0
- Debts after one year -€3,840
down €3,840 (-60.9%), from €6,307 to €2,467
- Short-term financial debts +€3,181
up €3,181 (+30.7%), from €10,361 to €13,543
- Depreciation +€5,337
up €5,337 (+36,505%), from €15 to €5,352
- Taxes -€1,332
down €1,332 (-59.0%), from €2,258 to €926
- Financial charges +€1,120
up €1,120 (+80.2%), from €1,397 to €2,516
- Gross operating margin -€925
down €925 (-8.2%), from €11,224 to €10,299
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 | €52,029 | €51,252 | -€777 | -1.5% |
| Fixed assets | 21/28 | €26,744 | €21,439 | -€5,305 | -19.8% |
| Tangible fixed assets | 22/27 | €26,744 | €21,392 | -€5,352 | -20.0% |
| Furniture and vehicles | 24 | €26,744 | €21,392 | -€5,352 | -20.0% |
| Financial fixed assets | 28 | €0 | €47 | +€47 | |
| Current assets | 29/58 | €25,285 | €29,813 | +€4,528 | +17.9% |
| Stocks and contracts in progress | 3 | €9,171 | €23,296 | +€14,125 | +154% |
| Stocks | 30/36 | €9,171 | €23,296 | +€14,125 | +154% |
| Amounts receivable within one year | 40/41 | €1,249 | €3,665 | +€2,417 | +194% |
| Other amounts receivable | 41 | €1,249 | €3,665 | +€2,417 | +194% |
| Cash at bank and in hand | 54/58 | €13,960 | €2,852 | -€11,108 | -79.6% |
| Deferred charges and accrued income | 490/1 | €905 | €0 | -€905 | -100% |
| Total equity and liabilities | 10/49 | €52,029 | €51,252 | -€777 | -1.5% |
| Equity | 10/15 | €28,960 | €29,277 | +€317 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,360 | €10,677 | +€317 | +3.1% |
| Distributable reserves | 133 | €10,360 | €10,677 | +€317 | +3.1% |
| Amounts payable | 17/49 | €23,069 | €21,975 | -€1,094 | -4.7% |
| Amounts payable after more than one year | 17 | €6,307 | €2,467 | -€3,840 | -60.9% |
| Financial debts | 170/4 | €6,307 | €2,467 | -€3,840 | -60.9% |
| Amounts payable within one year | 42/48 | €16,762 | €19,508 | +€2,746 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €3,693 | €3,840 | +€147 | +4.0% |
| Financial debts | 43 | €10,361 | €13,543 | +€3,181 | +30.7% |
| Credit institutions | 430/8 | €10,361 | €13,543 | +€3,181 | +30.7% |
| Trade debts | 44 | €450 | €0 | -€450 | -100% |
| Suppliers | 440/4 | €450 | €0 | -€450 | -100% |
| Taxes, remuneration and social security | 45 | €2,258 | €2,125 | -€133 | -5.9% |
| Taxes | 450/3 | €2,258 | €2,125 | -€133 | -5.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €5,352 | +€5,337 | +36,505% |
| Other operating charges | 640/8 | €1,236 | €1,287 | +€51 | +4.1% |
| Gross operating margin | 9900 | €11,224 | €10,299 | -€925 | -8.2% |
| Operating profit (loss) | 9901 | €9,973 | €3,660 | -€6,313 | -63.3% |
| Financial income | 75/76B | €0 | €99 | +€99 | +248,175% |
| Recurring financial income | 75 | €0 | €99 | +€99 | +248,175% |
| Financial charges | 65/66B | €1,397 | €2,516 | +€1,120 | +80.2% |
| Recurring financial charges | 65 | €1,397 | €2,516 | +€1,120 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €8,576 | €1,243 | -€7,333 | -85.5% |
| Income taxes | 67/77 | €2,258 | €926 | -€1,332 | -59.0% |
| Profit (loss) for the period | 9904 | €6,319 | €317 | -€6,002 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,319 | €317 | -€6,002 | -95.0% |
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.