MEHU: 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.
MEHU
Largest movements
- Cash +€50,991
up €50,991 (+65.7%), from €77,587 to €128,578
mainly Net result for the year (+€44,743) and Tax, wage and social debts (+€5,913)
- Reserves +€23,910
up €23,910 (+49.2%), from €48,562 to €72,472
- Profit (loss) carried forward +€20,000
up €20,000, from €0 to €20,000
- Tax, wage and social debts +€5,913
up €5,913 (+22.0%), from €26,858 to €32,771
- Gross operating margin +€18,828
up €18,828 (+43.9%), from €42,918 to €61,746
- Taxes +€3,489
up €3,489 (+29.0%), from €12,020 to €15,509
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 | €79,102 | €129,497 | +€50,396 | +63.7% |
| Current assets | 29/58 | €79,102 | €129,497 | +€50,396 | +63.7% |
| Amounts receivable within one year | 40/41 | €1,345 | €360 | -€985 | -73.3% |
| Trade receivables | 40 | €1,345 | €360 | -€985 | -73.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €77,587 | €128,578 | +€50,991 | +65.7% |
| Deferred charges and accrued income | 490/1 | €170 | €560 | +€390 | +229.4% |
| Total equity and liabilities | 10/49 | €79,102 | €129,497 | +€50,396 | +63.7% |
| Equity | 10/15 | €50,562 | €94,472 | +€43,910 | +86.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,562 | €72,472 | +€23,910 | +49.2% |
| Distributable reserves | 133 | €48,562 | €72,472 | +€23,910 | +49.2% |
| Profit (loss) carried forward | 14 | €0 | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €28,540 | €35,025 | +€6,485 | +22.7% |
| Amounts payable within one year | 42/48 | €28,540 | €35,025 | +€6,485 | +22.7% |
| Trade debts | 44 | €199 | €748 | +€550 | +276.9% |
| Suppliers | 440/4 | €199 | €748 | +€550 | +276.9% |
| Taxes, remuneration and social security | 45 | €26,858 | €32,771 | +€5,913 | +22.0% |
| Taxes | 450/3 | €26,858 | €32,771 | +€5,913 | +22.0% |
| Other amounts payable | 47/48 | €1,484 | €1,506 | +€23 | +1.5% |
| Other operating charges | 640/8 | €877 | €855 | -€22 | -2.6% |
| Gross operating margin | 9900 | €42,918 | €61,746 | +€18,828 | +43.9% |
| Operating profit (loss) | 9901 | €42,041 | €60,891 | +€18,851 | +44.8% |
| Financial income | 75/76B | €4 | €5 | +€1 | +15.5% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +15.5% |
| Financial charges | 65/66B | €877 | €645 | -€232 | -26.5% |
| Recurring financial charges | 65 | €877 | €645 | -€232 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €41,168 | €60,252 | +€19,084 | +46.4% |
| Income taxes | 67/77 | €12,020 | €15,509 | +€3,489 | +29.0% |
| Profit (loss) for the period | 9904 | €29,148 | €44,743 | +€15,595 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,148 | €44,743 | +€15,595 | +53.5% |
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 8 October 2026 via checked.be.