memex: 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.
memex
Largest movements
- Tangible fixed assets -€119,575
down €119,575 (-97.2%), from €122,983 to €3,408
of which Land and buildings: -€119,116
- Cash +€17,353
up €17,353 (+782.7%), from €2,217 to €19,570
mainly Investment in fixed assets (net) (+€117,241) and Net result for the year (+€4,397)
- Receivables within one year +€7,539
new in 2025: €7,539
of which Trade receivables: +€4,500
- Debts after one year -€63,925
down €63,925 (-100.0%), from €63,925 to €0
- Other debts -€17,246
down €17,246 (-100.0%), from €17,246 to €0
- Current portion of long-term debt -€14,696
down €14,696 (-78.7%), from €18,680 to €3,983
- Profit (loss) carried forward +€4,397
up €4,397 (+92.2%), from -€4,769 to -€372
- Tax, wage and social debts -€2,220
down €2,220 (-100.0%), from €2,220 to €0
- Depreciation -€7,841
down €7,841 (-77.1%), from €10,174 to €2,333
- Gross operating margin -€5,110
down €5,110 (-31.5%), from €16,223 to €11,113
- Financial charges -€283
down €283 (-9.1%), from €3,107 to €2,823
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 | €125,200 | €30,580 | -€94,620 | -75.6% |
| Fixed assets | 21/28 | €122,983 | €3,408 | -€119,575 | -97.2% |
| Tangible fixed assets | 22/27 | €122,983 | €3,408 | -€119,575 | -97.2% |
| Land and buildings | 22 | €119,116 | €0 | -€119,116 | -100.0% |
| Plant, machinery and equipment | 23 | - | €1,496 | +€1,496 | |
| Furniture and vehicles | 24 | €3,866 | €1,912 | -€1,954 | -50.5% |
| Current assets | 29/58 | €2,217 | €27,172 | +€24,955 | +1125.6% |
| Amounts receivable within one year | 40/41 | - | €7,539 | +€7,539 | |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | - | €3,039 | +€3,039 | |
| Cash at bank and in hand | 54/58 | €2,217 | €19,570 | +€17,353 | +782.7% |
| Deferred charges and accrued income | 490/1 | €0 | €63 | +€63 | |
| Total equity and liabilities | 10/49 | €125,200 | €30,580 | -€94,620 | -75.6% |
| Equity | 10/15 | €20,231 | €24,628 | +€4,397 | +21.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,769 | -€372 | +€4,397 | +92.2% |
| Amounts payable | 17/49 | €104,969 | €5,952 | -€99,017 | -94.3% |
| Amounts payable after more than one year | 17 | €63,925 | €0 | -€63,925 | -100.0% |
| Financial debts | 170/4 | €63,925 | €0 | -€63,925 | -100.0% |
| Amounts payable within one year | 42/48 | €40,862 | €5,915 | -€34,946 | -85.5% |
| Current portion of amounts payable after more than one year | 42 | €18,680 | €3,983 | -€14,696 | -78.7% |
| Trade debts | 44 | €1,467 | €1,932 | +€465 | +31.7% |
| Suppliers | 440/4 | €1,467 | €1,932 | +€465 | +31.7% |
| Advances received on contracts in progress | 46 | €1,250 | €0 | -€1,250 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,220 | €0 | -€2,220 | -100.0% |
| Taxes | 450/3 | €2,220 | €0 | -€2,220 | -100.0% |
| Other amounts payable | 47/48 | €17,246 | €0 | -€17,246 | -100.0% |
| Accrued charges and deferred income | 492/3 | €182 | €37 | -€145 | -79.9% |
| Non-recurring operating income | 76A | - | €30,884 | +€30,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,174 | €2,333 | -€7,841 | -77.1% |
| Other operating charges | 640/8 | €1,568 | €1,627 | +€59 | +3.8% |
| Gross operating margin | 9900 | €16,223 | €11,113 | -€5,110 | -31.5% |
| Operating profit (loss) | 9901 | €4,481 | €7,152 | +€2,671 | +59.6% |
| Financial income | 75/76B | €0 | €68 | +€68 | +226600.0% |
| Recurring financial income | 75 | €0 | €68 | +€68 | +226600.0% |
| Financial charges | 65/66B | €3,107 | €2,823 | -€283 | -9.1% |
| Recurring financial charges | 65 | €3,107 | €2,823 | -€283 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €1,374 | €4,397 | +€3,023 | +219.9% |
| Profit (loss) for the period | 9904 | €1,374 | €4,397 | +€3,023 | +219.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,374 | €4,397 | +€3,023 | +219.9% |
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 8 October 2026 via checked.be.