MEKO Construct: 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.
MEKO Construct
Largest movements
- Receivables within one year +€75,000
up €75,000 (+72.0%), from €104,200 to €179,200
of which Other amounts receivable: +€75,000
- Cash -€11,391
down €11,391 (-6.2%), from €183,047 to €171,656
mainly Receivables within one year (-€75,000) and Contributions, distributions and other (-€13,600)
- Reserves +€55,603
up €55,603 (+22.0%), from €252,855 to €308,458
of which Distributable reserves: +€55,603
- Accrued charges and deferred income +€7,641
up €7,641 (+58240.9%), from €13 to €7,654
- Other debts -€5,239
down €5,239 (-5.6%), from €94,055 to €88,816
- Trade debts +€4,794
up €4,794 (+666.3%), from €719 to €5,513
- Gross operating margin -€10,507
down €10,507 (-8.9%), from €117,446 to €106,939
- Financial charges +€7,036
up €7,036 (+3957.4%), from €178 to €7,213
- Taxes -€6,433
down €6,433 (-19.6%), from €32,801 to €26,368
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 | €379,384 | €439,492 | +€60,108 | +15.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €87,423 | €87,793 | +€370 | +0.4% |
| Tangible fixed assets | 22/27 | €7,423 | €7,793 | +€370 | +5.0% |
| Land and buildings | 22 | €428 | €0 | -€428 | -100.0% |
| Plant, machinery and equipment | 23 | €4,288 | €2,887 | -€1,401 | -32.7% |
| Furniture and vehicles | 24 | €2,707 | €4,906 | +€2,199 | +81.2% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €291,961 | €351,699 | +€59,738 | +20.5% |
| Amounts receivable within one year | 40/41 | €104,200 | €179,200 | +€75,000 | +72.0% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €80,000 | €155,000 | +€75,000 | +93.8% |
| Cash at bank and in hand | 54/58 | €183,047 | €171,656 | -€11,391 | -6.2% |
| Deferred charges and accrued income | 490/1 | €4,714 | €843 | -€3,871 | -82.1% |
| Total equity and liabilities | 10/49 | €379,384 | €439,492 | +€60,108 | +15.8% |
| Equity | 10/15 | €265,255 | €320,858 | +€55,603 | +21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €252,855 | €308,458 | +€55,603 | +22.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €247,855 | €303,458 | +€55,603 | +22.4% |
| Amounts payable | 17/49 | €114,129 | €118,634 | +€4,505 | +3.9% |
| Amounts payable within one year | 42/48 | €114,116 | €110,980 | -€3,136 | -2.7% |
| Trade debts | 44 | €719 | €5,513 | +€4,794 | +666.3% |
| Suppliers | 440/4 | €719 | €5,513 | +€4,794 | +666.3% |
| Taxes, remuneration and social security | 45 | €19,341 | €16,650 | -€2,691 | -13.9% |
| Taxes | 450/3 | €19,341 | €16,650 | -€2,691 | -13.9% |
| Other amounts payable | 47/48 | €94,055 | €88,816 | -€5,239 | -5.6% |
| Accrued charges and deferred income | 492/3 | €13 | €7,654 | +€7,641 | +58240.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,349 | €2,905 | -€444 | -13.2% |
| Other operating charges | 640/8 | €947 | €1,249 | +€302 | +31.9% |
| Gross operating margin | 9900 | €117,446 | €106,939 | -€10,507 | -8.9% |
| Operating profit (loss) | 9901 | €113,150 | €102,784 | -€10,365 | -9.2% |
| Financial charges | 65/66B | €178 | €7,213 | +€7,036 | +3957.4% |
| Recurring financial charges | 65 | €178 | €7,213 | +€7,036 | +3957.4% |
| Profit (loss) for the period before taxes | 9903 | €112,972 | €95,571 | -€17,401 | -15.4% |
| Income taxes | 67/77 | €32,801 | €26,368 | -€6,433 | -19.6% |
| Profit (loss) for the period | 9904 | €80,171 | €69,203 | -€10,968 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,171 | €69,203 | -€10,968 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.