MEO MARIO: 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.
MEO MARIO
Largest movements
- Receivables within one year +€7,963
up €7,963 (+39.6%), from €20,102 to €28,065
of which Other amounts receivable: +€10,217
- Tangible fixed assets +€5,693
up €5,693 (+69.1%), from €8,236 to €13,929
of which Furniture and vehicles: +€6,744
- Deferred charges and accrued income -€2,212
down €2,212 (-97.0%), from €2,281 to €69
- Cash +€2,187
up €2,187 (+2.2%), from €99,886 to €102,073
mainly Net result for the year (+€16,258) and Depreciation (+€7,598)
- Reserves +€16,258
up €16,258 (+65.0%), from €25,000 to €41,258
- Tax, wage and social debts +€3,119
up €3,119 (+45.5%), from €6,852 to €9,971
of which Taxes: +€1,577
- Other debts -€2,589
no longer reported in 2025 (was €2,589)
- Trade debts -€2,518
down €2,518 (-18.5%), from €13,629 to €11,111
- Gross operating margin +€21,071
up €21,071 (+43.0%), from €48,947 to €70,017
- Staff costs +€6,140
up €6,140 (+19.0%), from €32,325 to €38,465
- Taxes +€4,121
up €4,121 (+134%), from €3,076 to €7,197
- Depreciation +€1,867
up €1,867 (+32.6%), from €5,731 to €7,598
- Financial income +€862
up €862 (+722%), from €119 to €981
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.
Derived cash bridge
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 | €131,797 | €145,303 | +€13,507 | +10.2% |
| Fixed assets | 21/28 | €8,839 | €14,532 | +€5,693 | +64.4% |
| Tangible fixed assets | 22/27 | €8,236 | €13,929 | +€5,693 | +69.1% |
| Plant, machinery and equipment | 23 | €2,393 | €1,342 | -€1,051 | -43.9% |
| Furniture and vehicles | 24 | €5,843 | €12,587 | +€6,744 | +115% |
| Financial fixed assets | 28 | €603 | €603 | = | 0.0% |
| Current assets | 29/58 | €122,958 | €130,771 | +€7,813 | +6.4% |
| Stocks and contracts in progress | 3 | €689 | €564 | -€125 | -18.1% |
| Stocks | 30/36 | €689 | €564 | -€125 | -18.1% |
| Amounts receivable within one year | 40/41 | €20,102 | €28,065 | +€7,963 | +39.6% |
| Trade receivables | 40 | €15,973 | €13,719 | -€2,254 | -14.1% |
| Other amounts receivable | 41 | €4,129 | €14,345 | +€10,217 | +247% |
| Cash at bank and in hand | 54/58 | €99,886 | €102,073 | +€2,187 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,281 | €69 | -€2,212 | -97.0% |
| Total equity and liabilities | 10/49 | €131,797 | €145,303 | +€13,507 | +10.2% |
| Equity | 10/15 | €107,169 | €123,427 | +€16,258 | +15.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €25,000 | €41,258 | +€16,258 | +65.0% |
| Distributable reserves | 133 | €25,000 | €41,258 | +€16,258 | +65.0% |
| Profit (loss) carried forward | 14 | €61,718 | €61,718 | = | 0.0% |
| Amounts payable | 17/49 | €24,628 | €21,876 | -€2,751 | -11.2% |
| Amounts payable within one year | 42/48 | €24,428 | €21,082 | -€3,345 | -13.7% |
| Financial debts | 43 | €1,358 | - | -€1,358 | |
| Credit institutions | 430/8 | €1,358 | - | -€1,358 | |
| Trade debts | 44 | €13,629 | €11,111 | -€2,518 | -18.5% |
| Suppliers | 440/4 | €13,629 | €11,111 | -€2,518 | -18.5% |
| Taxes, remuneration and social security | 45 | €6,852 | €9,971 | +€3,119 | +45.5% |
| Taxes | 450/3 | €2,073 | €3,650 | +€1,577 | +76.1% |
| Remuneration and social security | 454/9 | €4,779 | €6,322 | +€1,543 | +32.3% |
| Other amounts payable | 47/48 | €2,589 | - | -€2,589 | |
| Accrued charges and deferred income | 492/3 | €200 | €794 | +€594 | +297% |
| Remuneration, social security and pensions | 62 | €32,325 | €38,465 | +€6,140 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,731 | €7,598 | +€1,867 | +32.6% |
| Other operating charges | 640/8 | €808 | €1,083 | +€275 | +34.0% |
| Gross operating margin | 9900 | €48,947 | €70,017 | +€21,071 | +43.0% |
| Operating profit (loss) | 9901 | €10,083 | €22,872 | +€12,789 | +127% |
| Financial income | 75/76B | €119 | €981 | +€862 | +722% |
| Recurring financial income | 75 | €119 | €981 | +€862 | +722% |
| Financial charges | 65/66B | €1,186 | €398 | -€788 | -66.4% |
| Recurring financial charges | 65 | €1,186 | €396 | -€789 | -66.6% |
| Non-recurring financial charges | 66B | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | €9,017 | €23,455 | +€14,438 | +160% |
| Income taxes | 67/77 | €3,076 | €7,197 | +€4,121 | +134% |
| Profit (loss) for the period | 9904 | €5,941 | €16,258 | +€10,317 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €5,941 | €16,258 | +€10,317 | +174% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.