MEXO: 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.
MEXO
Largest movements
- Cash +€208,232
up €208,232 (+781.1%), from €26,660 to €234,892
mainly Other debts (+€129,283) and Contributions, distributions and other (+€87,600)
- Tangible fixed assets +€5,432
up €5,432 (+340.4%), from €1,596 to €7,028
of which Other tangible fixed assets: +€5,508
- Other debts +€129,283
up €129,283 (+18031.1%), from €717 to €130,000
- Contributions +€87,600
up €87,600 (+706.5%), from €12,400 to €100,000
- Trade debts +€4,143
up €4,143 (+411.4%), from €1,007 to €5,150
- Reserves -€4,032
down €4,032 (-24.2%), from €16,664 to €12,632
of which Distributable reserves: -€4,032
- Gross operating margin -€13,754
down €13,754, from €10,392 to -€3,362
- Depreciation -€2,980
down €2,980 (-99.5%), from €2,995 to €15
- Taxes -€800
down €800 (-85.4%), from €937 to €137
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 | €32,241 | €247,782 | +€215,542 | +668.5% |
| Fixed assets | 21/28 | €1,596 | €7,028 | +€5,432 | +340.4% |
| Tangible fixed assets | 22/27 | €1,596 | €7,028 | +€5,432 | +340.4% |
| Plant, machinery and equipment | 23 | - | €1,520 | +€1,520 | |
| Furniture and vehicles | 24 | €1,596 | €0 | -€1,596 | -100.0% |
| Other tangible fixed assets | 26 | - | €5,508 | +€5,508 | |
| Current assets | 29/58 | €30,645 | €240,754 | +€210,110 | +685.6% |
| Stocks and contracts in progress | 3 | €1,453 | €1,004 | -€449 | -30.9% |
| Stocks | 30/36 | €1,453 | €1,004 | -€449 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,834 | €2,714 | +€879 | +47.9% |
| Trade receivables | 40 | €1,197 | €0 | -€1,197 | -100.0% |
| Other amounts receivable | 41 | €638 | €2,714 | +€2,076 | +325.4% |
| Cash at bank and in hand | 54/58 | €26,660 | €234,892 | +€208,232 | +781.1% |
| Deferred charges and accrued income | 490/1 | €697 | €2,145 | +€1,448 | +207.5% |
| Total equity and liabilities | 10/49 | €32,241 | €247,782 | +€215,542 | +668.5% |
| Equity | 10/15 | €29,064 | €112,632 | +€83,568 | +287.5% |
| Contributions | 10/11 | €12,400 | €100,000 | +€87,600 | +706.5% |
| Reserves | 13 | €16,664 | €12,632 | -€4,032 | -24.2% |
| Non-distributable reserves | 130/1 | €1,670 | €1,670 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,670 | €1,670 | = | 0.0% |
| Distributable reserves | 133 | €14,994 | €10,962 | -€4,032 | -26.9% |
| Amounts payable | 17/49 | €3,176 | €135,150 | +€131,974 | +4155.3% |
| Amounts payable within one year | 42/48 | €3,176 | €135,150 | +€131,974 | +4155.3% |
| Trade debts | 44 | €1,007 | €5,150 | +€4,143 | +411.4% |
| Suppliers | 440/4 | €1,007 | €5,150 | +€4,143 | +411.4% |
| Taxes, remuneration and social security | 45 | €1,452 | €0 | -€1,452 | -100.0% |
| Taxes | 450/3 | €1,452 | €0 | -€1,452 | -100.0% |
| Other amounts payable | 47/48 | €717 | €130,000 | +€129,283 | +18031.1% |
| Non-recurring operating income | 76A | - | €3,381 | +€3,381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,995 | €15 | -€2,980 | -99.5% |
| Other operating charges | 640/8 | €585 | €534 | -€52 | -8.8% |
| Gross operating margin | 9900 | €10,392 | -€3,362 | -€13,754 | |
| Operating profit (loss) | 9901 | €6,811 | -€3,911 | -€10,722 | |
| Financial income | 75/76B | €13 | €108 | +€95 | +730.4% |
| Recurring financial income | 75 | €13 | €108 | +€95 | +730.4% |
| Financial charges | 65/66B | €141 | €93 | -€48 | -34.0% |
| Recurring financial charges | 65 | €141 | €93 | -€48 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €6,684 | -€3,896 | -€10,579 | |
| Income taxes | 67/77 | €937 | €137 | -€800 | -85.4% |
| Profit (loss) for the period | 9904 | €5,747 | -€4,032 | -€9,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,747 | -€4,032 | -€9,779 |
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 30 September 2026 via checked.be.