MEMCO: 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.
MEMCO
Largest movements
- Cash +€91,993
up €91,993 (+235.6%), from €39,051 to €131,043
mainly Trade debts (+€174,231) and Depreciation (+€52,629)
- Tangible fixed assets -€37,465
down €37,465 (-22.3%), from €167,912 to €130,447
of which Furniture and vehicles: -€26,831
- Receivables within one year +€22,097
up €22,097 (+6.1%), from €364,291 to €386,388
of which Trade receivables: +€92,585
- Trade debts +€174,231
up €174,231 (+99.4%), from €175,288 to €349,519
- Profit (loss) carried forward -€80,714
down €80,714 (-19.3%), from €419,147 to €338,433
- Current portion of long-term debt -€40,000
no longer reported in 2025 (was €40,000)
- Debts after one year +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€7,820
up €7,820 (+13.7%), from €57,266 to €65,087
- Gross operating margin -€785,538
down €785,538 (-40.3%), from €1.9m to €1.2m
- Staff costs -€624,225
down €624,225 (-35.0%), from €1.8m to €1.2m
- Financial charges -€32,709
down €32,709 (-65.8%), from €49,679 to €16,970
- Depreciation -€30,549
down €30,549 (-36.7%), from €83,178 to €52,629
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 | €701,674 | €772,799 | +€71,125 | +10.1% |
| Fixed assets | 21/28 | €244,882 | €207,417 | -€37,465 | -15.3% |
| Tangible fixed assets | 22/27 | €167,912 | €130,447 | -€37,465 | -22.3% |
| Plant, machinery and equipment | 23 | €39,687 | €29,053 | -€10,634 | -26.8% |
| Furniture and vehicles | 24 | €128,225 | €101,394 | -€26,831 | -20.9% |
| Financial fixed assets | 28 | €76,970 | €76,970 | = | 0.0% |
| Current assets | 29/58 | €456,792 | €565,382 | +€108,590 | +23.8% |
| Amounts receivable after more than one year | 29 | €53,450 | €47,950 | -€5,500 | -10.3% |
| Other amounts receivable | 291 | €53,450 | €47,950 | -€5,500 | -10.3% |
| Amounts receivable within one year | 40/41 | €364,291 | €386,388 | +€22,097 | +6.1% |
| Trade receivables | 40 | €211,813 | €304,397 | +€92,585 | +43.7% |
| Other amounts receivable | 41 | €152,479 | €81,991 | -€70,488 | -46.2% |
| Cash at bank and in hand | 54/58 | €39,051 | €131,043 | +€91,993 | +235.6% |
| Total equity and liabilities | 10/49 | €701,674 | €772,799 | +€71,125 | +10.1% |
| Equity | 10/15 | €428,907 | €348,193 | -€80,714 | -18.8% |
| Contributions | 10/11 | €7,900 | €7,900 | = | 0.0% |
| Outside capital | 11 | €7,900 | €7,900 | = | 0.0% |
| Other | 1109/19 | €7,900 | €7,900 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419,147 | €338,433 | -€80,714 | -19.3% |
| Amounts payable | 17/49 | €272,767 | €424,606 | +€151,839 | +55.7% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Financial debts | 170/4 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €272,767 | €414,606 | +€141,839 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | - | -€40,000 | |
| Trade debts | 44 | €175,288 | €349,519 | +€174,231 | +99.4% |
| Suppliers | 440/4 | €175,288 | €349,519 | +€174,231 | +99.4% |
| Taxes, remuneration and social security | 45 | €57,266 | €65,087 | +€7,820 | +13.7% |
| Remuneration and social security | 454/9 | €57,266 | €65,087 | +€7,820 | +13.7% |
| Other amounts payable | 47/48 | €212 | - | -€212 | |
| Non-recurring operating income | 76A | €2,543 | - | -€2,543 | |
| Remuneration, social security and pensions | 62 | €1,783,578 | €1,159,353 | -€624,225 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,178 | €52,629 | -€30,549 | -36.7% |
| Other operating charges | 640/8 | €14,679 | €13,769 | -€909 | -6.2% |
| Non-recurring operating charges | 66A | €5,211 | - | -€5,211 | |
| Gross operating margin | 9900 | €1,947,541 | €1,162,003 | -€785,538 | -40.3% |
| Operating profit (loss) | 9901 | €60,896 | -€63,748 | -€124,644 | |
| Financial income | 75/76B | €41 | €4 | -€37 | -90.2% |
| Recurring financial income | 75 | €41 | €4 | -€37 | -90.2% |
| Financial charges | 65/66B | €49,679 | €16,970 | -€32,709 | -65.8% |
| Recurring financial charges | 65 | €49,679 | €16,970 | -€32,709 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €11,258 | -€80,714 | -€91,972 | |
| Income taxes | 67/77 | €2,698 | - | -€2,698 | |
| Profit (loss) for the period | 9904 | €8,560 | -€80,714 | -€89,274 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,560 | -€80,714 | -€89,274 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.