MEIMV: 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.
MEIMV
Largest movements
- Cash +€64,642
up €64,642 (+66.8%), from €96,726 to €161,368
mainly Net result for the year (+€86,214) and Receivables within one year (+€11,967)
- Tangible fixed assets +€43,030
up €43,030 (+1685.8%), from €2,553 to €45,583
- Receivables within one year -€11,967
down €11,967 (-76.8%), from €15,592 to €3,625
of which Trade receivables: -€15,592
- Profit (loss) carried forward +€86,214
up €86,214 (+95.5%), from €90,256 to €176,471
- Tax, wage and social debts +€10,556
up €10,556 (+44.8%), from €23,549 to €34,105
- Gross operating margin +€33,928
up €33,928 (+41.0%), from €82,818 to €116,746
- Taxes +€7,111
up €7,111 (+41.6%), from €17,102 to €24,213
- Depreciation +€3,763
up €3,763 (+416.6%), from €903 to €4,667
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 | €115,307 | €212,445 | +€97,137 | +84.2% |
| Fixed assets | 21/28 | €2,553 | €45,583 | +€43,030 | +1685.8% |
| Tangible fixed assets | 22/27 | €2,553 | €45,583 | +€43,030 | +1685.8% |
| Furniture and vehicles | 24 | €2,553 | €45,583 | +€43,030 | +1685.8% |
| Current assets | 29/58 | €112,755 | €166,862 | +€54,107 | +48.0% |
| Amounts receivable within one year | 40/41 | €15,592 | €3,625 | -€11,967 | -76.8% |
| Trade receivables | 40 | €15,592 | €0 | -€15,592 | -100.0% |
| Other amounts receivable | 41 | - | €3,625 | +€3,625 | |
| Cash at bank and in hand | 54/58 | €96,726 | €161,368 | +€64,642 | +66.8% |
| Deferred charges and accrued income | 490/1 | €437 | €1,869 | +€1,433 | +328.1% |
| Total equity and liabilities | 10/49 | €115,307 | €212,445 | +€97,137 | +84.2% |
| Equity | 10/15 | €91,256 | €177,471 | +€86,214 | +94.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,256 | €176,471 | +€86,214 | +95.5% |
| Amounts payable | 17/49 | €24,051 | €34,974 | +€10,923 | +45.4% |
| Amounts payable within one year | 42/48 | €24,051 | €34,974 | +€10,923 | +45.4% |
| Trade debts | 44 | €502 | €869 | +€367 | +73.1% |
| Suppliers | 440/4 | €502 | €869 | +€367 | +73.1% |
| Taxes, remuneration and social security | 45 | €23,549 | €34,105 | +€10,556 | +44.8% |
| Taxes | 450/3 | €23,549 | €34,105 | +€10,556 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €4,667 | +€3,763 | +416.6% |
| Other operating charges | 640/8 | - | €931 | +€931 | |
| Gross operating margin | 9900 | €82,818 | €116,746 | +€33,928 | +41.0% |
| Operating profit (loss) | 9901 | €81,914 | €111,148 | +€29,234 | +35.7% |
| Financial income | 75/76B | €163 | €491 | +€328 | +200.9% |
| Recurring financial income | 75 | €163 | €491 | +€328 | +200.9% |
| Financial charges | 65/66B | €1,618 | €1,213 | -€404 | -25.0% |
| Recurring financial charges | 65 | €1,618 | €1,213 | -€404 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €80,460 | €110,427 | +€29,967 | +37.2% |
| Income taxes | 67/77 | €17,102 | €24,213 | +€7,111 | +41.6% |
| Profit (loss) for the period | 9904 | €63,358 | €86,214 | +€22,856 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,358 | €86,214 | +€22,856 | +36.1% |
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 30 September 2026 via checked.be.