MEORA: 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.
MEORA
Largest movements
- Stocks and contracts -€1,077
down €1,077 (-21.2%), from €5,077 to €4,000
- Tangible fixed assets -€660
down €660 (-21.5%), from €3,076 to €2,416
- Cash +€476
up €476 (+519.1%), from €92 to €568
mainly Other debts (+€2,026) and Stocks and contracts (+€1,077)
- Contributions -€2,568
down €2,568 (-18.6%), from €13,816 to €11,247
- Other debts +€2,026
new in 2025: €2,026
- Trade debts -€1,057
down €1,057 (-42.7%), from €2,475 to €1,418
- Profit (loss) carried forward +€340
up €340 (+4.7%), from -€7,276 to -€6,936
- Turnover +€20,278
up €20,278 (+270.9%), from €7,484 to €27,762
- Purchases and services +€14,826
up €14,826 (+127.2%), from €11,658 to €26,484
- Gross operating margin +€5,452
up €5,452, from -€4,174 to €1,278
- Depreciation +€436
up €436 (+195.2%), from €224 to €660
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 | €9,015 | €7,782 | -€1,233 | -13.7% |
| Fixed assets | 21/28 | €3,076 | €2,416 | -€660 | -21.5% |
| Tangible fixed assets | 22/27 | €3,076 | €2,416 | -€660 | -21.5% |
| Plant, machinery and equipment | 23 | €3,076 | €2,416 | -€660 | -21.5% |
| Current assets | 29/58 | €5,938 | €5,366 | -€573 | -9.6% |
| Stocks and contracts in progress | 3 | €5,077 | €4,000 | -€1,077 | -21.2% |
| Stocks | 30/36 | €5,077 | €4,000 | -€1,077 | -21.2% |
| Amounts receivable within one year | 40/41 | €770 | €798 | +€28 | +3.6% |
| Other amounts receivable | 41 | €770 | €798 | +€28 | +3.6% |
| Cash at bank and in hand | 54/58 | €92 | €568 | +€476 | +519.1% |
| Total equity and liabilities | 10/49 | €9,015 | €7,782 | -€1,233 | -13.7% |
| Equity | 10/15 | €6,540 | €4,311 | -€2,229 | -34.1% |
| Contributions | 10/11 | €13,816 | €11,247 | -€2,568 | -18.6% |
| Profit (loss) carried forward | 14 | -€7,276 | -€6,936 | +€340 | +4.7% |
| Amounts payable | 17/49 | €2,475 | €3,471 | +€996 | +40.2% |
| Amounts payable within one year | 42/48 | €2,475 | €3,471 | +€996 | +40.2% |
| Trade debts | 44 | €2,475 | €1,418 | -€1,057 | -42.7% |
| Suppliers | 440/4 | €2,475 | €1,418 | -€1,057 | -42.7% |
| Taxes, remuneration and social security | 45 | - | €27 | +€27 | |
| Taxes | 450/3 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | - | €2,026 | +€2,026 | |
| Turnover | 70 | €7,484 | €27,762 | +€20,278 | +270.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,658 | €26,484 | +€14,826 | +127.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €660 | +€436 | +195.2% |
| Other operating charges | 640/8 | €170 | €190 | +€20 | +11.8% |
| Gross operating margin | 9900 | -€4,174 | €1,278 | +€5,452 | |
| Operating profit (loss) | 9901 | -€4,567 | €428 | +€4,995 | |
| Financial charges | 65/66B | €39 | €88 | +€49 | +126.1% |
| Recurring financial charges | 65 | €39 | €88 | +€49 | +126.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,606 | €340 | +€4,946 | |
| Profit (loss) for the period | 9904 | -€4,606 | €340 | +€4,946 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,606 | €340 | +€4,946 |
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 6 October 2026 via checked.be.