MEUSOC: 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.
MEUSOC
Largest movements
- Cash -€13,668
down €13,668 (-27.9%), from €49,023 to €35,355
mainly Net result for the year (-€20,714) and Provisions (-€2,459)
- Tangible fixed assets -€8,525
down €8,525 (-2.8%), from €304,601 to €296,076
of which Land and buildings: -€9,397
- Profit (loss) carried forward -€15,993
down €15,993 (-225.8%), from -€7,084 to -€23,077
- Reserves -€4,721
down €4,721 (-3.0%), from €155,224 to €150,503
of which Tax-exempt reserves: -€4,721
- Gross operating margin +€2,066
up €2,066 (+27.8%), from €7,429 to €9,495
- Financial income +€1,942
up €1,942 (+574.8%), from €338 to €2,280
- Financial charges +€998
up €998 (+32.5%), from €3,067 to €4,065
- Depreciation +€241
up €241 (+2.6%), from €9,365 to €9,606
- Other operating charges -€112
down €112 (-3.0%), from €3,710 to €3,597
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 | €455,050 | €432,677 | -€22,373 | -4.9% |
| Fixed assets | 21/28 | €304,601 | €296,076 | -€8,525 | -2.8% |
| Tangible fixed assets | 22/27 | €304,601 | €296,076 | -€8,525 | -2.8% |
| Land and buildings | 22 | €304,601 | €295,204 | -€9,397 | -3.1% |
| Furniture and vehicles | 24 | - | €872 | +€872 | |
| Current assets | 29/58 | €150,449 | €136,601 | -€13,848 | -9.2% |
| Amounts receivable within one year | 40/41 | €860 | €1,508 | +€648 | +75.3% |
| Trade receivables | 40 | €860 | €1,035 | +€175 | +20.3% |
| Other amounts receivable | 41 | - | €473 | +€473 | |
| Current investments | 50/53 | €100,000 | €99,010 | -€990 | -1.0% |
| Cash at bank and in hand | 54/58 | €49,023 | €35,355 | -€13,668 | -27.9% |
| Deferred charges and accrued income | 490/1 | €566 | €728 | +€162 | +28.6% |
| Total equity and liabilities | 10/49 | €455,050 | €432,677 | -€22,373 | -4.9% |
| Equity | 10/15 | €286,740 | €266,026 | -€20,714 | -7.2% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Reserves | 13 | €155,224 | €150,503 | -€4,721 | -3.0% |
| Non-distributable reserves | 130/1 | €2,861 | €2,861 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,861 | €2,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,414 | €104,693 | -€4,721 | -4.3% |
| Distributable reserves | 133 | €42,949 | €42,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,084 | -€23,077 | -€15,993 | -225.8% |
| Provisions and deferred taxes | 16 | €56,552 | €54,093 | -€2,459 | -4.3% |
| Provisions for liabilities and charges | 160/5 | €56,552 | €54,093 | -€2,459 | -4.3% |
| Other liabilities and charges | 164/5 | €56,552 | €54,093 | -€2,459 | -4.3% |
| Amounts payable | 17/49 | €111,758 | €112,558 | +€800 | +0.7% |
| Amounts payable after more than one year | 17 | €1,411 | €1,411 | = | 0.0% |
| Other amounts payable | 178/9 | €1,411 | €1,411 | = | 0.0% |
| Amounts payable within one year | 42/48 | €108,259 | €108,989 | +€730 | +0.7% |
| Trade debts | 44 | €1,494 | €530 | -€964 | -64.5% |
| Suppliers | 440/4 | €1,494 | €530 | -€964 | -64.5% |
| Taxes, remuneration and social security | 45 | €306 | - | -€306 | |
| Taxes | 450/3 | €306 | - | -€306 | |
| Other amounts payable | 47/48 | €106,459 | €108,459 | +€2,000 | +1.9% |
| Accrued charges and deferred income | 492/3 | €2,088 | €2,158 | +€70 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,365 | €9,606 | +€241 | +2.6% |
| Other operating charges | 640/8 | €3,710 | €3,597 | -€112 | -3.0% |
| Non-recurring operating charges | 66A | - | €17,469 | +€17,469 | |
| Gross operating margin | 9900 | €7,429 | €9,495 | +€2,066 | +27.8% |
| Operating profit (loss) | 9901 | -€5,645 | -€21,178 | -€15,532 | -275.1% |
| Financial income | 75/76B | €338 | €2,280 | +€1,942 | +574.8% |
| Recurring financial income | 75 | €338 | €2,280 | +€1,942 | +574.8% |
| Financial charges | 65/66B | €3,067 | €4,065 | +€998 | +32.5% |
| Recurring financial charges | 65 | €3,067 | €4,065 | +€998 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,374 | -€22,962 | -€14,588 | -174.2% |
| Transfer from deferred taxes | 780 | €2,459 | €2,459 | = | 0.0% |
| Income taxes | 67/77 | €206 | €211 | +€5 | +2.7% |
| Profit (loss) for the period | 9904 | -€6,121 | -€20,714 | -€14,593 | -238.4% |
| Transfer from tax-exempt reserves | 789 | €4,721 | €4,721 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,400 | -€15,993 | -€14,593 | -1042.3% |
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 29 September 2026 via checked.be.