MEISA: 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.
MEISA
Largest movements
- Current investments +€36,664
new in 2025: €36,664
- Cash -€13,914
down €13,914 (-54.7%), from €25,426 to €11,512
mainly Current investments (-€36,664) and Tax, wage and social debts (-€1,046)
- Receivables within one year -€716
down €716 (-11.4%), from €6,257 to €5,541
- Profit (loss) carried forward +€13,345
up €13,345 (+88.2%), from €15,133 to €28,478
- Trade debts +€6,495
up €6,495 (+864.1%), from €752 to €7,247
- Other debts +€2,870
up €2,870 (+49.5%), from €5,796 to €8,666
- Tax, wage and social debts -€1,046
down €1,046 (-12.2%), from €8,579 to €7,533
- Gross operating margin -€1,760
down €1,760 (-8.3%), from €21,186 to €19,425
- Taxes -€241
down €241 (-4.6%), from €5,228 to €4,987
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 | €35,259 | €56,923 | +€21,664 | +61.4% |
| Fixed assets | 21/28 | €2,979 | €2,494 | -€484 | -16.3% |
| Tangible fixed assets | 22/27 | €2,979 | €2,494 | -€484 | -16.3% |
| Plant, machinery and equipment | 23 | €746 | €805 | +€59 | +7.9% |
| Furniture and vehicles | 24 | €2,232 | €1,689 | -€543 | -24.3% |
| Current assets | 29/58 | €32,281 | €54,429 | +€22,148 | +68.6% |
| Amounts receivable within one year | 40/41 | €6,257 | €5,541 | -€716 | -11.4% |
| Trade receivables | 40 | €6,257 | €5,541 | -€716 | -11.4% |
| Current investments | 50/53 | - | €36,664 | +€36,664 | |
| Cash at bank and in hand | 54/58 | €25,426 | €11,512 | -€13,914 | -54.7% |
| Deferred charges and accrued income | 490/1 | €598 | €712 | +€114 | +19.1% |
| Total equity and liabilities | 10/49 | €35,259 | €56,923 | +€21,664 | +61.4% |
| Equity | 10/15 | €20,133 | €33,478 | +€13,345 | +66.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,133 | €28,478 | +€13,345 | +88.2% |
| Amounts payable | 17/49 | €15,126 | €23,445 | +€8,319 | +55.0% |
| Amounts payable within one year | 42/48 | €15,126 | €23,445 | +€8,319 | +55.0% |
| Trade debts | 44 | €752 | €7,247 | +€6,495 | +864.1% |
| Suppliers | 440/4 | €752 | €7,247 | +€6,495 | +864.1% |
| Taxes, remuneration and social security | 45 | €8,579 | €7,533 | -€1,046 | -12.2% |
| Taxes | 450/3 | €8,579 | €7,533 | -€1,046 | -12.2% |
| Other amounts payable | 47/48 | €5,796 | €8,666 | +€2,870 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €1,021 | +€203 | +24.8% |
| Gross operating margin | 9900 | €21,186 | €19,425 | -€1,760 | -8.3% |
| Operating profit (loss) | 9901 | €20,368 | €18,405 | -€1,963 | -9.6% |
| Financial income | 75/76B | €26 | €93 | +€67 | +257.5% |
| Recurring financial income | 75 | €26 | €93 | +€67 | +257.5% |
| Financial charges | 65/66B | €33 | €166 | +€133 | +399.2% |
| Recurring financial charges | 65 | €33 | €166 | +€133 | +399.2% |
| Profit (loss) for the period before taxes | 9903 | €20,361 | €18,332 | -€2,029 | -10.0% |
| Income taxes | 67/77 | €5,228 | €4,987 | -€241 | -4.6% |
| Profit (loss) for the period | 9904 | €15,133 | €13,345 | -€1,788 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,133 | €13,345 | -€1,788 | -11.8% |
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 10 October 2026 via checked.be.