Meili: 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.
Meili
Largest movements
- Receivables within one year -€162,686
down €162,686 (-48.7%), from €334,078 to €171,392
of which Other amounts receivable: -€152,761
- Cash -€52,144
down €52,144 (-24.3%), from €214,314 to €162,169
mainly Tax, wage and social debts (-€367,729) and Investment in fixed assets (net) (-€60,543)
- Receivables after one year +€46,777
new in 2025: €46,777
- Stocks and contracts +€20,271
up €20,271 (+11.8%), from €172,487 to €192,758
- Tangible fixed assets +€17,083
up €17,083 (+12.3%), from €139,361 to €156,445
of which Furniture and vehicles: +€34,398
- Tax, wage and social debts -€367,729
down €367,729 (-74.7%), from €492,165 to €124,435
of which Taxes: -€367,453
- Short-term financial debts +€100,000
new in 2025: €100,000
- Reserves +€90,689
up €90,689 (+29.0%), from €312,527 to €403,216
- Debts after one year +€27,681
up €27,681 (+145%), from €19,070 to €46,751
- Gross operating margin -€505,974
down €505,974 (-54.5%), from €927,753 to €421,779
- Taxes -€143,481
down €143,481 (-79.2%), from €181,115 to €37,634
- Other operating charges -€53,393
down €53,393 (-67.7%), from €78,897 to €25,505
- Staff costs -€45,350
down €45,350 (-17.3%), from €261,563 to €216,214
- Financial charges -€40,880
down €40,880 (-73.9%), from €55,303 to €14,423
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 | €904,456 | €763,940 | -€140,516 | -15.5% |
| Fixed assets | 21/28 | €162,861 | €179,945 | +€17,083 | +10.5% |
| Tangible fixed assets | 22/27 | €139,361 | €156,445 | +€17,083 | +12.3% |
| Plant, machinery and equipment | 23 | €30,755 | €13,570 | -€17,184 | -55.9% |
| Furniture and vehicles | 24 | €36,503 | €70,901 | +€34,398 | +94.2% |
| Other tangible fixed assets | 26 | €72,104 | €71,974 | -€130 | -0.2% |
| Financial fixed assets | 28 | €23,500 | €23,500 | = | 0.0% |
| Current assets | 29/58 | €741,595 | €583,995 | -€157,600 | -21.3% |
| Amounts receivable after more than one year | 29 | - | €46,777 | +€46,777 | |
| Other amounts receivable | 291 | - | €46,777 | +€46,777 | |
| Stocks and contracts in progress | 3 | €172,487 | €192,758 | +€20,271 | +11.8% |
| Stocks | 30/36 | €172,487 | €192,758 | +€20,271 | +11.8% |
| Amounts receivable within one year | 40/41 | €334,078 | €171,392 | -€162,686 | -48.7% |
| Trade receivables | 40 | €60,521 | €50,596 | -€9,925 | -16.4% |
| Other amounts receivable | 41 | €273,557 | €120,796 | -€152,761 | -55.8% |
| Cash at bank and in hand | 54/58 | €214,314 | €162,169 | -€52,144 | -24.3% |
| Deferred charges and accrued income | 490/1 | €20,717 | €10,899 | -€9,818 | -47.4% |
| Total equity and liabilities | 10/49 | €904,456 | €763,940 | -€140,516 | -15.5% |
| Equity | 10/15 | €387,527 | €478,216 | +€90,689 | +23.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €312,527 | €403,216 | +€90,689 | +29.0% |
| Distributable reserves | 133 | €312,527 | €403,216 | +€90,689 | +29.0% |
| Amounts payable | 17/49 | €516,929 | €285,724 | -€231,205 | -44.7% |
| Amounts payable after more than one year | 17 | €19,070 | €46,751 | +€27,681 | +145% |
| Financial debts | 170/4 | €19,070 | €46,751 | +€27,681 | +145% |
| Amounts payable within one year | 42/48 | €497,859 | €238,973 | -€258,886 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €5,695 | €14,538 | +€8,843 | +155% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Taxes, remuneration and social security | 45 | €492,165 | €124,435 | -€367,729 | -74.7% |
| Taxes | 450/3 | €482,590 | €115,137 | -€367,453 | -76.1% |
| Remuneration and social security | 454/9 | €9,575 | €9,298 | -€277 | -2.9% |
| Remuneration, social security and pensions | 62 | €261,563 | €216,214 | -€45,350 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,142 | €43,460 | +€5,317 | +13.9% |
| Other operating charges | 640/8 | €78,897 | €25,505 | -€53,393 | -67.7% |
| Gross operating margin | 9900 | €927,753 | €421,779 | -€505,974 | -54.5% |
| Operating profit (loss) | 9901 | €549,150 | €136,602 | -€412,549 | -75.1% |
| Financial income | 75/76B | €5,545 | €6,144 | +€599 | +10.8% |
| Recurring financial income | 75 | €5,545 | €6,144 | +€599 | +10.8% |
| Financial charges | 65/66B | €55,303 | €14,423 | -€40,880 | -73.9% |
| Recurring financial charges | 65 | €55,303 | €14,423 | -€40,880 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €499,392 | €128,323 | -€371,069 | -74.3% |
| Income taxes | 67/77 | €181,115 | €37,634 | -€143,481 | -79.2% |
| Profit (loss) for the period | 9904 | €318,277 | €90,689 | -€227,588 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €318,277 | €90,689 | -€227,588 | -71.5% |
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 19 October 2026 via checked.be.