MEUSOTEL: 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.
MEUSOTEL
Largest movements
- Tangible fixed assets +€76,955
up €76,955 (+2.3%), from €3.4m to €3.5m
of which Assets under construction and advance payments: +€76,955
- Debts after one year +€76,422
up €76,422 (+3.0%), from €2.6m to €2.6m
of which Financial debts: +€76,422
- Financial charges -€249,646
down €249,646 (-98.2%), from €254,094 to €4,448
- Gross operating margin +€7,912
up €7,912 (+30.4%), from -€26,015 to -€18,104
- Financial income +€4,019
up €4,019 (+11.9%), from €33,861 to €37,880
- Other operating charges +€1,306
up €1,306 (+132%), from €987 to €2,293
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 | €4,062,925 | €4,184,579 | +€121,653 | +3.0% |
| Fixed assets | 21/28 | €3,377,402 | €3,454,357 | +€76,955 | +2.3% |
| Tangible fixed assets | 22/27 | €3,377,402 | €3,454,357 | +€76,955 | +2.3% |
| Land and buildings | 22 | €1,113,000 | €1,113,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €2,264,402 | €2,341,357 | +€76,955 | +3.4% |
| Current assets | 29/58 | €685,524 | €730,222 | +€44,698 | +6.5% |
| Amounts receivable after more than one year | 29 | €680,420 | €718,300 | +€37,880 | +5.6% |
| Other amounts receivable | 291 | €680,420 | €718,300 | +€37,880 | +5.6% |
| Amounts receivable within one year | 40/41 | €4,891 | €11,607 | +€6,716 | +137% |
| Trade receivables | 40 | - | €2,098 | +€2,098 | |
| Other amounts receivable | 41 | €4,891 | €9,509 | +€4,619 | +94.4% |
| Cash at bank and in hand | 54/58 | €29 | €129 | +€100 | +349% |
| Deferred charges and accrued income | 490/1 | €184 | €186 | +€2 | +0.9% |
| Total equity and liabilities | 10/49 | €4,062,925 | €4,184,579 | +€121,653 | +3.0% |
| Equity | 10/15 | €877,186 | €887,085 | +€9,898 | +1.1% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€622,814 | -€612,915 | +€9,898 | +1.6% |
| Amounts payable | 17/49 | €3,185,739 | €3,297,494 | +€111,755 | +3.5% |
| Amounts payable after more than one year | 17 | €2,560,508 | €2,636,930 | +€76,422 | +3.0% |
| Financial debts | 170/4 | €2,560,508 | €2,636,930 | +€76,422 | +3.0% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €625,231 | €660,563 | +€35,332 | +5.7% |
| Trade debts | 44 | €625,231 | €660,563 | +€35,332 | +5.7% |
| Suppliers | 440/4 | €625,231 | €660,563 | +€35,332 | +5.7% |
| Other operating charges | 640/8 | €987 | €2,293 | +€1,306 | +132% |
| Non-recurring operating charges | 66A | €3,484 | €3,137 | -€348 | -10.0% |
| Gross operating margin | 9900 | -€26,015 | -€18,104 | +€7,912 | +30.4% |
| Operating profit (loss) | 9901 | -€30,487 | -€23,534 | +€6,953 | +22.8% |
| Financial income | 75/76B | €33,861 | €37,880 | +€4,019 | +11.9% |
| Recurring financial income | 75 | €33,861 | €37,880 | +€4,019 | +11.9% |
| Financial charges | 65/66B | €254,094 | €4,448 | -€249,646 | -98.2% |
| Recurring financial charges | 65 | €254,094 | €4,448 | -€249,646 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€250,720 | €9,898 | +€260,618 | |
| Profit (loss) for the period | 9904 | -€250,720 | €9,898 | +€260,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€250,720 | €9,898 | +€260,618 |
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 21 October 2026 via checked.be.