MEMOCO: 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.
MEMOCO
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+1287.2%), from €133,044 to €1.8m
of which Trade receivables: +€1.3m
- Stocks and contracts +€369,789
up €369,789 (+838.1%), from €44,125 to €413,914
- Intangible fixed assets -€274,015
down €274,015 (-25.7%), from €1.1m to €791,775
- Cash +€137,614
up €137,614 (+729.6%), from €18,862 to €156,476
mainly Trade debts (+€942,977) and Advances received (+€540,110)
- Tangible fixed assets +€56,274
up €56,274 (+135.1%), from €41,660 to €97,934
of which Furniture and vehicles: +€40,760
- Trade debts +€942,977
up €942,977 (+108.2%), from €871,735 to €1.8m
- Advances received +€540,110
new in 2025: €540,110
- Tax, wage and social debts +€216,159
up €216,159 (+155.1%), from €139,336 to €355,494
of which Remuneration and social security: +€139,552
- Profit (loss) carried forward +€156,428
up €156,428 (+30.3%), from -€515,754 to -€359,327
- Other debts +€132,020
new in 2025: €132,020
- Gross operating margin +€1.7m
up €1.7m (+628.8%), from €262,575 to €1.9m
- Staff costs +€966,809
up €966,809 (+315.0%), from €306,890 to €1.3m
- Financial charges +€106,554
up €106,554 (+240.7%), from €44,261 to €150,815
of which Financial charges: +€79,555
- Depreciation +€53,314
up €53,314 (+11.1%), from €478,734 to €532,047
- Financial income +€28,749
up €28,749 (+10.3%), from €279,593 to €308,342
of which Non-recurring financial income: +€117,799
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 | €1,448,551 | €3,479,371 | +€2.0m | +140.2% |
| Fixed assets | 21/28 | €1,107,950 | €889,709 | -€218,241 | -19.7% |
| Intangible fixed assets | 21 | €1,065,790 | €791,775 | -€274,015 | -25.7% |
| Tangible fixed assets | 22/27 | €41,660 | €97,934 | +€56,274 | +135.1% |
| Land and buildings | 22 | €41,164 | €36,831 | -€4,333 | -10.5% |
| Plant, machinery and equipment | 23 | - | €19,847 | +€19,847 | |
| Furniture and vehicles | 24 | €496 | €41,256 | +€40,760 | +8220.4% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €340,601 | €2,589,662 | +€2.2m | +660.3% |
| Amounts receivable after more than one year | 29 | €138,379 | €135,858 | -€2,521 | -1.8% |
| Other amounts receivable | 291 | €138,379 | €135,858 | -€2,521 | -1.8% |
| Stocks and contracts in progress | 3 | €44,125 | €413,914 | +€369,789 | +838.1% |
| Stocks | 30/36 | €44,125 | €413,914 | +€369,789 | +838.1% |
| Amounts receivable within one year | 40/41 | €133,044 | €1,845,620 | +€1.7m | +1287.2% |
| Trade receivables | 40 | €87,210 | €1,389,362 | +€1.3m | +1493.1% |
| Other amounts receivable | 41 | €45,834 | €456,258 | +€410,424 | +895.5% |
| Cash at bank and in hand | 54/58 | €18,862 | €156,476 | +€137,614 | +729.6% |
| Deferred charges and accrued income | 490/1 | €6,190 | €37,795 | +€31,605 | +510.6% |
| Total equity and liabilities | 10/49 | €1,448,551 | €3,479,371 | +€2.0m | +140.2% |
| Equity | 10/15 | €172,188 | €373,109 | +€200,921 | +116.7% |
| Contributions | 10/11 | €108,000 | €200,000 | +€92,000 | +85.2% |
| Capital | 10 | €108,000 | €200,000 | +€92,000 | +85.2% |
| Issued capital | 100 | €108,000 | €200,000 | +€92,000 | +85.2% |
| Reserves | 13 | €10,800 | €48,406 | +€37,606 | +348.2% |
| Non-distributable reserves | 130/1 | €10,800 | €30,800 | +€20,000 | +185.2% |
| Legal reserve | 130 | €10,800 | €30,800 | +€20,000 | +185.2% |
| Distributable reserves | 133 | - | €17,606 | +€17,606 | |
| Profit (loss) carried forward | 14 | -€515,754 | -€359,327 | +€156,428 | +30.3% |
| Investment grants | 15 | €569,142 | €484,029 | -€85,113 | -15.0% |
| Amounts payable | 17/49 | €1,276,363 | €3,106,262 | +€1.8m | +143.4% |
| Amounts payable after more than one year | 17 | €114,564 | €72,954 | -€41,610 | -36.3% |
| Financial debts | 170/4 | €114,564 | €72,954 | -€41,610 | -36.3% |
| Amounts payable within one year | 42/48 | €1,075,645 | €2,993,186 | +€1.9m | +178.3% |
| Current portion of amounts payable after more than one year | 42 | €64,574 | €130,897 | +€66,323 | +102.7% |
| Financial debts | 43 | - | €19,952 | +€19,952 | |
| Other loans | 439 | - | €19,952 | +€19,952 | |
| Trade debts | 44 | €871,735 | €1,814,712 | +€942,977 | +108.2% |
| Suppliers | 440/4 | €871,735 | €1,814,712 | +€942,977 | +108.2% |
| Advances received on contracts in progress | 46 | - | €540,110 | +€540,110 | |
| Taxes, remuneration and social security | 45 | €139,336 | €355,494 | +€216,159 | +155.1% |
| Taxes | 450/3 | €103,726 | €180,333 | +€76,607 | +73.9% |
| Remuneration and social security | 454/9 | €35,610 | €175,161 | +€139,552 | +391.9% |
| Other amounts payable | 47/48 | - | €132,020 | +€132,020 | |
| Accrued charges and deferred income | 492/3 | €86,154 | €40,123 | -€46,031 | -53.4% |
| Remuneration, social security and pensions | 62 | €306,890 | €1,273,699 | +€966,809 | +315.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478,734 | €532,047 | +€53,314 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,291 | -€20,919 | +€2,372 | +10.2% |
| Other operating charges | 640/8 | €104 | €11,281 | +€11,178 | +10755.9% |
| Non-recurring operating charges | 66A | - | €41,896 | +€41,896 | |
| Gross operating margin | 9900 | €262,575 | €1,913,566 | +€1.7m | +628.8% |
| Operating profit (loss) | 9901 | -€499,862 | €75,562 | +€575,424 | |
| Financial income | 75/76B | €279,593 | €308,342 | +€28,749 | +10.3% |
| Recurring financial income | 75 | €279,593 | €190,543 | -€89,051 | -31.9% |
| Non-recurring financial income | 76B | - | €117,799 | +€117,799 | |
| Financial charges | 65/66B | €44,261 | €150,815 | +€106,554 | +240.7% |
| Recurring financial charges | 65 | €44,261 | €123,816 | +€79,555 | +179.7% |
| Non-recurring financial charges | 66B | - | €26,999 | +€26,999 | |
| Profit (loss) for the period before taxes | 9903 | -€264,530 | €233,089 | +€497,619 | |
| Income taxes | 67/77 | €2,966 | -€23,687 | -€26,653 | |
| Profit (loss) for the period | 9904 | -€267,496 | €256,776 | +€524,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€267,496 | €256,776 | +€524,271 |
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 4 October 2026 via checked.be.