MEK: 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.
MEK
Largest movements
- Cash +€18,121
up €18,121 (+18.5%), from €97,931 to €116,051
mainly Net result for the year (+€27,388) and Depreciation (+€11,560)
- Receivables within one year +€7,065
up €7,065 (+20778.8%), from €34 to €7,099
of which Other amounts receivable: +€7,099
- Tangible fixed assets -€6,864
down €6,864 (-19.6%), from €34,971 to €28,106
of which Furniture and vehicles: -€8,568
- Deferred charges and accrued income -€2,113
down €2,113 (-90.6%), from €2,332 to €220
- Intangible fixed assets -€2,000
down €2,000 (-13.1%), from €15,251 to €13,251
- Reserves +€27,388
up €27,388 (+66.9%), from €40,967 to €68,355
- Debts after one year -€8,901
down €8,901 (-49.1%), from €18,125 to €9,224
- Other debts -€4,950
down €4,950 (-99.5%), from €4,977 to €27
- Gross operating margin -€19,171
down €19,171 (-26.0%), from €73,672 to €54,501
- Taxes -€4,964
down €4,964 (-26.8%), from €18,494 to €13,530
- Other operating charges -€1,215
down €1,215 (-53.5%), from €2,272 to €1,057
- Depreciation +€947
up €947 (+8.9%), from €10,613 to €11,560
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 | €150,519 | €164,728 | +€14,208 | +9.4% |
| Fixed assets | 21/28 | €50,222 | €41,358 | -€8,864 | -17.7% |
| Intangible fixed assets | 21 | €15,251 | €13,251 | -€2,000 | -13.1% |
| Tangible fixed assets | 22/27 | €34,971 | €28,106 | -€6,864 | -19.6% |
| Plant, machinery and equipment | 23 | €1,574 | €3,278 | +€1,704 | +108.2% |
| Furniture and vehicles | 24 | €33,397 | €24,828 | -€8,568 | -25.7% |
| Current assets | 29/58 | €100,297 | €123,370 | +€23,073 | +23.0% |
| Amounts receivable within one year | 40/41 | €34 | €7,099 | +€7,065 | +20778.8% |
| Trade receivables | 40 | €34 | - | -€34 | |
| Other amounts receivable | 41 | - | €7,099 | +€7,099 | |
| Cash at bank and in hand | 54/58 | €97,931 | €116,051 | +€18,121 | +18.5% |
| Deferred charges and accrued income | 490/1 | €2,332 | €220 | -€2,113 | -90.6% |
| Total equity and liabilities | 10/49 | €150,519 | €164,728 | +€14,208 | +9.4% |
| Equity | 10/15 | €84,835 | €112,223 | +€27,388 | +32.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,967 | €68,355 | +€27,388 | +66.9% |
| Distributable reserves | 133 | €40,967 | €68,355 | +€27,388 | +66.9% |
| Profit (loss) carried forward | 14 | €41,868 | €41,868 | = | 0.0% |
| Amounts payable | 17/49 | €65,684 | €52,505 | -€13,179 | -20.1% |
| Amounts payable after more than one year | 17 | €18,125 | €9,224 | -€8,901 | -49.1% |
| Financial debts | 170/4 | €18,125 | €9,224 | -€8,901 | -49.1% |
| Amounts payable within one year | 42/48 | €47,559 | €43,280 | -€4,279 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €8,588 | €8,901 | +€312 | +3.6% |
| Trade debts | 44 | €2,888 | €2,328 | -€560 | -19.4% |
| Suppliers | 440/4 | €2,888 | €2,328 | -€560 | -19.4% |
| Taxes, remuneration and social security | 45 | €31,105 | €32,025 | +€919 | +3.0% |
| Taxes | 450/3 | €31,105 | €32,025 | +€919 | +3.0% |
| Other amounts payable | 47/48 | €4,977 | €27 | -€4,950 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,613 | €11,560 | +€947 | +8.9% |
| Other operating charges | 640/8 | €2,272 | €1,057 | -€1,215 | -53.5% |
| Gross operating margin | 9900 | €73,672 | €54,501 | -€19,171 | -26.0% |
| Operating profit (loss) | 9901 | €60,788 | €41,884 | -€18,903 | -31.1% |
| Financial income | 75/76B | €2 | €144 | +€142 | +7124.5% |
| Recurring financial income | 75 | €2 | €144 | +€142 | +7124.5% |
| Financial charges | 65/66B | €1,328 | €1,111 | -€217 | -16.4% |
| Recurring financial charges | 65 | €1,328 | €1,111 | -€217 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €59,462 | €40,918 | -€18,544 | -31.2% |
| Income taxes | 67/77 | €18,494 | €13,530 | -€4,964 | -26.8% |
| Profit (loss) for the period | 9904 | €40,967 | €27,388 | -€13,579 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,967 | €27,388 | -€13,579 | -33.1% |
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 1 October 2026 via checked.be.