Mejora S: 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.
Mejora S
Largest movements
- Receivables within one year -€66,392
down €66,392 (-62.2%), from €106,755 to €40,363
of which Trade receivables: -€66,294
- Cash +€36,888
up €36,888 (+164.1%), from €22,476 to €59,364
mainly Receivables within one year (+€66,392) and Net result for the year (+€18,640)
- Tangible fixed assets +€15,228
up €15,228 (+18.8%), from €80,793 to €96,021
of which Furniture and vehicles: +€17,945
- Tax, wage and social debts -€22,634
down €22,634 (-80.6%), from €28,072 to €5,438
- Debts after one year +€13,070
up €13,070 (+27.9%), from €46,881 to €59,951
- Current portion of long-term debt -€3,081
down €3,081 (-14.7%), from €21,015 to €17,934
- Reserves -€2,860
down €2,860 (-2.7%), from €104,683 to €101,823
- Gross operating margin -€28,015
down €28,015 (-34.0%), from €82,370 to €54,355
- Taxes -€7,982
down €7,982 (-43.6%), from €18,309 to €10,328
- Other operating charges +€4,553
up €4,553 (+196.7%), from €2,314 to €6,867
- Depreciation -€1,984
down €1,984 (-11.2%), from €17,718 to €15,735
- Financial charges +€839
up €839 (+42.8%), from €1,961 to €2,800
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 | €213,879 | €200,259 | -€13,620 | -6.4% |
| Fixed assets | 21/28 | €80,793 | €96,021 | +€15,228 | +18.8% |
| Tangible fixed assets | 22/27 | €80,793 | €96,021 | +€15,228 | +18.8% |
| Land and buildings | 22 | €12,850 | €10,536 | -€2,314 | -18.0% |
| Plant, machinery and equipment | 23 | €2,866 | €2,463 | -€403 | -14.1% |
| Furniture and vehicles | 24 | €65,077 | €83,022 | +€17,945 | +27.6% |
| Current assets | 29/58 | €133,086 | €104,237 | -€28,849 | -21.7% |
| Amounts receivable within one year | 40/41 | €106,755 | €40,363 | -€66,392 | -62.2% |
| Trade receivables | 40 | €106,656 | €40,363 | -€66,294 | -62.2% |
| Other amounts receivable | 41 | €99 | - | -€99 | |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,476 | €59,364 | +€36,888 | +164.1% |
| Deferred charges and accrued income | 490/1 | €3,355 | €4,011 | +€656 | +19.5% |
| Total equity and liabilities | 10/49 | €213,879 | €200,259 | -€13,620 | -6.4% |
| Equity | 10/15 | €117,183 | €114,323 | -€2,860 | -2.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €104,683 | €101,823 | -€2,860 | -2.7% |
| Distributable reserves | 133 | €104,683 | €101,823 | -€2,860 | -2.7% |
| Amounts payable | 17/49 | €96,696 | €85,936 | -€10,760 | -11.1% |
| Amounts payable after more than one year | 17 | €46,881 | €59,951 | +€13,070 | +27.9% |
| Financial debts | 170/4 | €46,881 | €59,951 | +€13,070 | +27.9% |
| Amounts payable within one year | 42/48 | €49,815 | €25,984 | -€23,830 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €21,015 | €17,934 | -€3,081 | -14.7% |
| Trade debts | 44 | €728 | €514 | -€214 | -29.4% |
| Suppliers | 440/4 | €728 | €514 | -€214 | -29.4% |
| Taxes, remuneration and social security | 45 | €28,072 | €5,438 | -€22,634 | -80.6% |
| Taxes | 450/3 | €28,072 | €5,438 | -€22,634 | -80.6% |
| Other amounts payable | 47/48 | - | €2,098 | +€2,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,718 | €15,735 | -€1,984 | -11.2% |
| Other operating charges | 640/8 | €2,314 | €6,867 | +€4,553 | +196.7% |
| Gross operating margin | 9900 | €82,370 | €54,355 | -€28,015 | -34.0% |
| Operating profit (loss) | 9901 | €62,338 | €31,753 | -€30,585 | -49.1% |
| Financial income | 75/76B | €27 | €15 | -€12 | -45.2% |
| Recurring financial income | 75 | €27 | €15 | -€12 | -45.2% |
| Financial charges | 65/66B | €1,961 | €2,800 | +€839 | +42.8% |
| Recurring financial charges | 65 | €1,961 | €2,800 | +€839 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €60,403 | €28,968 | -€31,436 | -52.0% |
| Income taxes | 67/77 | €18,309 | €10,328 | -€7,982 | -43.6% |
| Profit (loss) for the period | 9904 | €42,094 | €18,640 | -€23,454 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,094 | €18,640 | -€23,454 | -55.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.