MEMA: 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.
MEMA
Largest movements
- Tangible fixed assets -€65,346
down €65,346 (-3.0%), from €2.2m to €2.1m
of which Land and buildings: -€62,122
- Other debts -€142,000
down €142,000 (-10.5%), from €1.3m to €1.2m
- Reserves +€64,842
up €64,842 (+9.9%), from €652,857 to €717,699
of which Distributable reserves: +€77,422
- Tax, wage and social debts +€26,140
new in 2025: €26,140
- Gross operating margin +€73,386
up €73,386 (+76.0%), from €96,613 to €169,999
- Taxes +€26,140
new in 2025: €26,140
- Financial charges -€10,342
down €10,342 (-89.4%), from €11,566 to €1,224
- Other operating charges -€7,080
down €7,080 (-38.3%), from €18,482 to €11,402
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 | €2,232,472 | €2,157,045 | -€75,427 | -3.4% |
| Fixed assets | 21/28 | €2,170,257 | €2,104,912 | -€65,346 | -3.0% |
| Tangible fixed assets | 22/27 | €2,170,257 | €2,104,912 | -€65,346 | -3.0% |
| Land and buildings | 22 | €2,156,543 | €2,094,421 | -€62,122 | -2.9% |
| Plant, machinery and equipment | 23 | €13,714 | €10,490 | -€3,224 | -23.5% |
| Current assets | 29/58 | €62,215 | €52,133 | -€10,082 | -16.2% |
| Amounts receivable within one year | 40/41 | €14,611 | - | -€14,611 | |
| Trade receivables | 40 | €14,611 | - | -€14,611 | |
| Cash at bank and in hand | 54/58 | €47,604 | €44,531 | -€3,073 | -6.5% |
| Deferred charges and accrued income | 490/1 | - | €7,602 | +€7,602 | |
| Total equity and liabilities | 10/49 | €2,232,472 | €2,157,045 | -€75,427 | -3.4% |
| Equity | 10/15 | €714,857 | €779,699 | +€64,842 | +9.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €652,857 | €717,699 | +€64,842 | +9.9% |
| Non-distributable reserves | 130/1 | €53,842 | €53,842 | = | 0.0% |
| Legal reserve | 130 | €53,842 | €53,842 | = | 0.0% |
| Tax-exempt reserves | 132 | €284,503 | €271,923 | -€12,580 | -4.4% |
| Distributable reserves | 133 | €314,512 | €391,933 | +€77,422 | +24.6% |
| Provisions and deferred taxes | 16 | €94,834 | €90,641 | -€4,193 | -4.4% |
| Deferred taxes | 168 | €94,834 | €90,641 | -€4,193 | -4.4% |
| Amounts payable | 17/49 | €1,422,781 | €1,286,705 | -€136,076 | -9.6% |
| Amounts payable after more than one year | 17 | €53,274 | €32,239 | -€21,035 | -39.5% |
| Financial debts | 170/4 | €53,274 | €32,239 | -€21,035 | -39.5% |
| Amounts payable within one year | 42/48 | €1,369,507 | €1,254,466 | -€115,041 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €20,676 | €21,035 | +€359 | +1.7% |
| Trade debts | 44 | - | €460 | +€460 | |
| Suppliers | 440/4 | - | €460 | +€460 | |
| Taxes, remuneration and social security | 45 | - | €26,140 | +€26,140 | |
| Taxes | 450/3 | - | €26,140 | +€26,140 | |
| Other amounts payable | 47/48 | €1,348,831 | €1,206,831 | -€142,000 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,607 | €70,604 | +€997 | +1.4% |
| Other operating charges | 640/8 | €18,482 | €11,402 | -€7,080 | -38.3% |
| Gross operating margin | 9900 | €96,613 | €169,999 | +€73,386 | +76.0% |
| Operating profit (loss) | 9901 | €8,524 | €87,993 | +€79,468 | +932.2% |
| Financial income | 75/76B | €0 | €20 | +€20 | +197400.0% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +197400.0% |
| Financial charges | 65/66B | €11,566 | €1,224 | -€10,342 | -89.4% |
| Recurring financial charges | 65 | €11,566 | €1,224 | -€10,342 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,042 | €86,788 | +€89,830 | |
| Transfer from deferred taxes | 780 | €4,193 | €4,193 | = | 0.0% |
| Income taxes | 67/77 | - | €26,140 | +€26,140 | |
| Profit (loss) for the period | 9904 | €1,151 | €64,842 | +€63,690 | +5531.8% |
| Transfer from tax-exempt reserves | 789 | €12,580 | €12,580 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,731 | €77,422 | +€63,690 | +463.8% |
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.