MEKO: 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.
MEKO
Largest movements
- Current investments +€140,000
up €140,000 (+50.9%), from €275,000 to €415,000
- Receivables within one year -€45,506
down €45,506 (-61.5%), from €74,028 to €28,522
of which Trade receivables: -€42,688
- Reserves +€75,208
up €75,208 (+11.1%), from €676,153 to €751,361
of which Distributable reserves: +€75,208
- Other debts +€26,729
up €26,729 (+36.7%), from €72,827 to €99,557
- Trade debts -€14,623
down €14,623 (-65.6%), from €22,307 to €7,684
- Gross operating margin +€35,713
up €35,713 (+13.0%), from €274,836 to €310,549
- Taxes +€11,902
up €11,902 (+19.7%), from €60,528 to €72,430
- Financial income +€4,051
up €4,051 (+68.5%), from €5,912 to €9,963
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 | €1,047,207 | €1,142,564 | +€95,357 | +9.1% |
| Fixed assets | 21/28 | €469,086 | €466,881 | -€2,206 | -0.5% |
| Tangible fixed assets | 22/27 | €469,086 | €466,881 | -€2,206 | -0.5% |
| Land and buildings | 22 | €451,260 | €454,182 | +€2,922 | +0.6% |
| Plant, machinery and equipment | 23 | €17,826 | €12,699 | -€5,128 | -28.8% |
| Current assets | 29/58 | €578,121 | €675,684 | +€97,562 | +16.9% |
| Stocks and contracts in progress | 3 | €5,851 | €6,093 | +€243 | +4.1% |
| Stocks | 30/36 | €5,851 | €6,093 | +€243 | +4.1% |
| Amounts receivable within one year | 40/41 | €74,028 | €28,522 | -€45,506 | -61.5% |
| Trade receivables | 40 | €71,197 | €28,508 | -€42,688 | -60.0% |
| Other amounts receivable | 41 | €2,831 | €13 | -€2,818 | -99.5% |
| Current investments | 50/53 | €275,000 | €415,000 | +€140,000 | +50.9% |
| Cash at bank and in hand | 54/58 | €221,268 | €224,056 | +€2,788 | +1.3% |
| Deferred charges and accrued income | 490/1 | €1,975 | €2,013 | +€38 | +1.9% |
| Total equity and liabilities | 10/49 | €1,047,207 | €1,142,564 | +€95,357 | +9.1% |
| Equity | 10/15 | €942,903 | €1,018,111 | +€75,208 | +8.0% |
| Contributions | 10/11 | €49,580 | €49,580 | = | 0.0% |
| Revaluation surpluses | 12 | €217,170 | €217,170 | = | 0.0% |
| Reserves | 13 | €676,153 | €751,361 | +€75,208 | +11.1% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €671,195 | €746,403 | +€75,208 | +11.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,304 | €124,453 | +€20,149 | +19.3% |
| Amounts payable within one year | 42/48 | €103,882 | €124,453 | +€20,571 | +19.8% |
| Trade debts | 44 | €22,307 | €7,684 | -€14,623 | -65.6% |
| Suppliers | 440/4 | €22,307 | €7,684 | -€14,623 | -65.6% |
| Taxes, remuneration and social security | 45 | €8,748 | €17,212 | +€8,464 | +96.8% |
| Taxes | 450/3 | €5,095 | €12,593 | +€7,498 | +147.2% |
| Remuneration and social security | 454/9 | €3,653 | €4,619 | +€966 | +26.4% |
| Other amounts payable | 47/48 | €72,827 | €99,557 | +€26,729 | +36.7% |
| Accrued charges and deferred income | 492/3 | €422 | €0 | -€422 | -100.0% |
| Remuneration, social security and pensions | 62 | €50,018 | €51,685 | +€1,667 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,675 | €17,580 | -€94 | -0.5% |
| Other operating charges | 640/8 | €6,355 | €8,776 | +€2,420 | +38.1% |
| Gross operating margin | 9900 | €274,836 | €310,549 | +€35,713 | +13.0% |
| Operating profit (loss) | 9901 | €200,788 | €232,509 | +€31,721 | +15.8% |
| Financial income | 75/76B | €5,912 | €9,963 | +€4,051 | +68.5% |
| Recurring financial income | 75 | €5,912 | €9,963 | +€4,051 | +68.5% |
| Financial charges | 65/66B | €681 | €928 | +€247 | +36.3% |
| Recurring financial charges | 65 | €681 | €928 | +€247 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €206,019 | €241,544 | +€35,525 | +17.2% |
| Income taxes | 67/77 | €60,528 | €72,430 | +€11,902 | +19.7% |
| Profit (loss) for the period | 9904 | €145,490 | €169,114 | +€23,623 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145,490 | €169,114 | +€23,623 | +16.2% |
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 29 September 2026 via checked.be.