MEIJIAO: 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.
MEIJIAO
Largest movements
- Cash +€11,515
up €11,515 (+32.6%), from €35,291 to €46,806
mainly Net result for the year (+€17,011) and Trade debts (+€2,090)
- Receivables within one year +€8,787
up €8,787 (+1129.4%), from €778 to €9,565
of which Trade receivables: +€5,874
- Reserves +€17,011
up €17,011 (+66.0%), from €25,775 to €42,786
- Trade debts +€2,090
up €2,090 (+24.4%), from €8,558 to €10,648
- Tax, wage and social debts +€723
up €723 (+21.0%), from €3,445 to €4,168
of which Remuneration and social security: +€670
- Gross operating margin -€20,370
down €20,370 (-24.3%), from €83,702 to €63,332
- Staff costs -€6,397
down €6,397 (-15.3%), from €41,680 to €35,282
- Taxes -€4,113
down €4,113 (-32.5%), from €12,648 to €8,535
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 | €44,475 | €63,887 | +€19,412 | +43.6% |
| Fixed assets | 21/28 | €3,582 | €3,238 | -€344 | -9.6% |
| Tangible fixed assets | 22/27 | €3,582 | €3,238 | -€344 | -9.6% |
| Plant, machinery and equipment | 23 | - | €656 | +€656 | |
| Other tangible fixed assets | 26 | €3,582 | €2,582 | -€1,000 | -27.9% |
| Current assets | 29/58 | €40,893 | €60,649 | +€19,756 | +48.3% |
| Stocks and contracts in progress | 3 | €3,833 | €3,500 | -€333 | -8.7% |
| Stocks | 30/36 | €3,833 | €3,500 | -€333 | -8.7% |
| Amounts receivable within one year | 40/41 | €778 | €9,565 | +€8,787 | +1129.4% |
| Trade receivables | 40 | €226 | €6,100 | +€5,874 | +2597.8% |
| Other amounts receivable | 41 | €552 | €3,465 | +€2,913 | +527.8% |
| Cash at bank and in hand | 54/58 | €35,291 | €46,806 | +€11,515 | +32.6% |
| Deferred charges and accrued income | 490/1 | €991 | €777 | -€214 | -21.6% |
| Total equity and liabilities | 10/49 | €44,475 | €63,887 | +€19,412 | +43.6% |
| Equity | 10/15 | €30,775 | €47,786 | +€17,011 | +55.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,775 | €42,786 | +€17,011 | +66.0% |
| Distributable reserves | 133 | €25,775 | €42,786 | +€17,011 | +66.0% |
| Amounts payable | 17/49 | €13,700 | €16,101 | +€2,401 | +17.5% |
| Amounts payable within one year | 42/48 | €13,700 | €16,054 | +€2,353 | +17.2% |
| Trade debts | 44 | €8,558 | €10,648 | +€2,090 | +24.4% |
| Suppliers | 440/4 | €8,558 | €10,648 | +€2,090 | +24.4% |
| Taxes, remuneration and social security | 45 | €3,445 | €4,168 | +€723 | +21.0% |
| Taxes | 450/3 | €878 | €932 | +€54 | +6.1% |
| Remuneration and social security | 454/9 | €2,567 | €3,236 | +€670 | +26.1% |
| Other amounts payable | 47/48 | €1,697 | €1,238 | -€460 | -27.1% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Non-recurring operating income | 76A | €1,136 | €3,380 | +€2,244 | +197.6% |
| Remuneration, social security and pensions | 62 | €41,680 | €35,282 | -€6,397 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,418 | €1,087 | -€331 | -23.4% |
| Non-recurring operating charges | 66A | €1,824 | €919 | -€905 | -49.6% |
| Gross operating margin | 9900 | €83,702 | €63,332 | -€20,370 | -24.3% |
| Operating profit (loss) | 9901 | €38,780 | €26,044 | -€12,736 | -32.8% |
| Financial income | 75/76B | €538 | €304 | -€235 | -43.5% |
| Recurring financial income | 75 | €538 | €304 | -€235 | -43.5% |
| Financial charges | 65/66B | €896 | €802 | -€94 | -10.5% |
| Recurring financial charges | 65 | €896 | €802 | -€94 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €38,423 | €25,546 | -€12,877 | -33.5% |
| Income taxes | 67/77 | €12,648 | €8,535 | -€4,113 | -32.5% |
| Profit (loss) for the period | 9904 | €25,775 | €17,011 | -€8,764 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,775 | €17,011 | -€8,764 | -34.0% |
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 7 October 2026 via checked.be.