MEI HAO: 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.
MEI HAO
Largest movements
- Receivables within one year +€483,438
up €483,438 (+42.5%), from €1.1m to €1.6m
of which Other amounts receivable: +€493,591
- Current investments -€82,539
down €82,539 (-14.7%), from €560,853 to €478,314
- Cash -€63,918
down €63,918 (-56.6%), from €112,994 to €49,076
mainly Receivables within one year (-€483,438) and Contributions, distributions and other (-€277,892)
- Tax, wage and social debts +€267,091
up €267,091 (+277%), from €96,547 to €363,638
of which Taxes: +€268,902
- Reserves +€64,729
up €64,729 (+4.0%), from €1.6m to €1.7m
of which Distributable reserves: +€64,729
- Gross operating margin -€31,242
down €31,242 (-4.4%), from €705,434 to €674,192
- Staff costs +€21,765
up €21,765 (+15.9%), from €137,275 to €159,040
- Taxes -€12,995
down €12,995 (-7.7%), from €168,828 to €155,833
- Depreciation -€9,845
down €9,845 (-45.9%), from €21,462 to €11,617
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 | €1,852,908 | €2,178,864 | +€325,956 | +17.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €37,159 | €28,116 | -€9,043 | -24.3% |
| Tangible fixed assets | 22/27 | €37,159 | €28,116 | -€9,043 | -24.3% |
| Land and buildings | 22 | €13,085 | €8,915 | -€4,170 | -31.9% |
| Plant, machinery and equipment | 23 | €4,093 | €5,002 | +€908 | +22.2% |
| Furniture and vehicles | 24 | €12,415 | €7,710 | -€4,705 | -37.9% |
| Other tangible fixed assets | 26 | €7,566 | €6,490 | -€1,076 | -14.2% |
| Current assets | 29/58 | €1,815,749 | €2,150,748 | +€334,999 | +18.4% |
| Stocks and contracts in progress | 3 | €2,981 | €3,103 | +€122 | +4.1% |
| Stocks | 30/36 | €2,981 | €3,103 | +€122 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,136,510 | €1,619,948 | +€483,438 | +42.5% |
| Trade receivables | 40 | €10,153 | - | -€10,153 | |
| Other amounts receivable | 41 | €1,126,357 | €1,619,948 | +€493,591 | +43.8% |
| Current investments | 50/53 | €560,853 | €478,314 | -€82,539 | -14.7% |
| Cash at bank and in hand | 54/58 | €112,994 | €49,076 | -€63,918 | -56.6% |
| Deferred charges and accrued income | 490/1 | €2,411 | €306 | -€2,105 | -87.3% |
| Total equity and liabilities | 10/49 | €1,852,908 | €2,178,864 | +€325,956 | +17.6% |
| Equity | 10/15 | €1,740,796 | €1,805,525 | +€64,729 | +3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,620,804 | €1,685,533 | +€64,729 | +4.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,618,804 | €1,683,533 | +€64,729 | +4.0% |
| Profit (loss) carried forward | 14 | €99,992 | €99,992 | = | 0.0% |
| Amounts payable | 17/49 | €112,112 | €373,339 | +€261,227 | +233% |
| Amounts payable within one year | 42/48 | €112,112 | €373,339 | +€261,227 | +233% |
| Trade debts | 44 | €15,565 | €9,701 | -€5,863 | -37.7% |
| Suppliers | 440/4 | €15,565 | €9,701 | -€5,863 | -37.7% |
| Taxes, remuneration and social security | 45 | €96,547 | €363,638 | +€267,091 | +277% |
| Taxes | 450/3 | €76,319 | €345,221 | +€268,902 | +352% |
| Remuneration and social security | 454/9 | €20,228 | €18,417 | -€1,811 | -9.0% |
| Remuneration, social security and pensions | 62 | €137,275 | €159,040 | +€21,765 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,462 | €11,617 | -€9,845 | -45.9% |
| Other operating charges | 640/8 | €7,645 | €4,495 | -€3,151 | -41.2% |
| Non-recurring operating charges | 66A | €88 | - | -€88 | |
| Gross operating margin | 9900 | €705,434 | €674,192 | -€31,242 | -4.4% |
| Operating profit (loss) | 9901 | €538,964 | €499,041 | -€39,923 | -7.4% |
| Financial income | 75/76B | €2,757 | €2,519 | -€239 | -8.7% |
| Recurring financial income | 75 | €2,757 | €2,519 | -€239 | -8.7% |
| Financial charges | 65/66B | €3,688 | €3,106 | -€581 | -15.8% |
| Recurring financial charges | 65 | €3,688 | €3,106 | -€581 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €538,033 | €498,453 | -€39,580 | -7.4% |
| Income taxes | 67/77 | €168,828 | €155,833 | -€12,995 | -7.7% |
| Profit (loss) for the period | 9904 | €369,205 | €342,621 | -€26,585 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €369,205 | €342,621 | -€26,585 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.