MEUCHA: 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.
MEUCHA
Largest movements
- Cash -€43,470
down €43,470 (-60.4%), from €71,988 to €28,518
mainly Net result for the year (-€50,455) and Stocks and contracts (-€4,050)
- Profit (loss) carried forward -€50,455
down €50,455 (-82.7%), from -€60,976 to -€111,431
- Gross operating margin +€10,645
up €10,645, from -€4,974 to €5,671
- Financial charges -€3,493
down €3,493 (-5.8%), from €59,938 to €56,444
- Financial income +€239
up €239 (+22.9%), from €1,046 to €1,286
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 | €1,982,771 | €1,946,112 | -€36,658 | -1.8% |
| Fixed assets | 21/28 | €69,221 | €69,221 | = | 0.0% |
| Tangible fixed assets | 22/27 | €69,221 | €69,221 | = | 0.0% |
| Land and buildings | 22 | €69,221 | €69,221 | = | 0.0% |
| Current assets | 29/58 | €1,913,550 | €1,876,892 | -€36,658 | -1.9% |
| Stocks and contracts in progress | 3 | €1,759,338 | €1,763,388 | +€4,050 | +0.2% |
| Stocks | 30/36 | €1,759,338 | €1,763,388 | +€4,050 | +0.2% |
| Amounts receivable within one year | 40/41 | €64,239 | €65,715 | +€1,476 | +2.3% |
| Trade receivables | 40 | €0 | €476 | +€476 | |
| Other amounts receivable | 41 | €64,239 | €65,239 | +€1,000 | +1.6% |
| Cash at bank and in hand | 54/58 | €71,988 | €28,518 | -€43,470 | -60.4% |
| Deferred charges and accrued income | 490/1 | €17,984 | €19,270 | +€1,286 | +7.1% |
| Total equity and liabilities | 10/49 | €1,982,771 | €1,946,112 | -€36,658 | -1.8% |
| Equity | 10/15 | €297,885 | €247,430 | -€50,455 | -16.9% |
| Contributions | 10/11 | €38,500 | €38,500 | = | 0.0% |
| Reserves | 13 | €320,361 | €320,361 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €320,361 | €320,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,976 | -€111,431 | -€50,455 | -82.7% |
| Amounts payable | 17/49 | €1,684,885 | €1,698,682 | +€13,797 | +0.8% |
| Amounts payable after more than one year | 17 | €740,000 | €740,000 | = | 0.0% |
| Financial debts | 170/4 | €740,000 | €740,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €828,003 | €827,000 | -€1,003 | -0.1% |
| Financial debts | 43 | €827,000 | €827,000 | = | 0.0% |
| Credit institutions | 430/8 | €827,000 | €827,000 | = | 0.0% |
| Trade debts | 44 | €1,003 | €0 | -€1,003 | -100.0% |
| Suppliers | 440/4 | €1,003 | €0 | -€1,003 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €116,882 | €131,682 | +€14,800 | +12.7% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€4,974 | €5,671 | +€10,645 | |
| Operating profit (loss) | 9901 | -€5,934 | €4,704 | +€10,638 | |
| Financial income | 75/76B | €1,046 | €1,286 | +€239 | +22.9% |
| Recurring financial income | 75 | €1,046 | €1,286 | +€239 | +22.9% |
| Financial charges | 65/66B | €59,938 | €56,444 | -€3,493 | -5.8% |
| Recurring financial charges | 65 | €59,938 | €56,444 | -€3,493 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€64,826 | -€50,455 | +€14,371 | +22.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€64,826 | -€50,455 | +€14,371 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,826 | -€50,455 | +€14,371 | +22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.