MEY: 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.
MEY
Largest movements
- Current investments +€219,120
up €219,120 (+103.6%), from €211,595 to €430,715
- Cash -€78,892
down €78,892 (-36.3%), from €217,311 to €138,419
mainly Current investments (-€219,120) and Investment in fixed assets (net) (-€5,370)
- Reserves +€144,568
up €144,568 (+23.3%), from €619,641 to €764,209
- Financial charges -€22,746
down €22,746 (-81.1%), from €28,046 to €5,299
- Financial income -€20,861
down €20,861 (-48.0%), from €43,429 to €22,568
- Gross operating margin +€12,447
up €12,447 (+6.6%), from €189,137 to €201,585
- Taxes +€2,514
up €2,514 (+3.8%), from €66,459 to €68,973
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,380 | €579,017 | +€142,637 | +32.7% |
| Fixed assets | 21/28 | €7,186 | €9,798 | +€2,612 | +36.3% |
| Tangible fixed assets | 22/27 | €7,186 | €9,798 | +€2,612 | +36.3% |
| Plant, machinery and equipment | 23 | €4,672 | €8,303 | +€3,631 | +77.7% |
| Furniture and vehicles | 24 | €2,514 | €1,494 | -€1,020 | -40.6% |
| Current assets | 29/58 | €429,194 | €569,219 | +€140,025 | +32.6% |
| Amounts receivable within one year | 40/41 | €203 | - | -€203 | |
| Trade receivables | 40 | €203 | - | -€203 | |
| Current investments | 50/53 | €211,595 | €430,715 | +€219,120 | +103.6% |
| Cash at bank and in hand | 54/58 | €217,311 | €138,419 | -€78,892 | -36.3% |
| Deferred charges and accrued income | 490/1 | €85 | €85 | = | 0.0% |
| Total equity and liabilities | 10/49 | €436,380 | €579,017 | +€142,637 | +32.7% |
| Equity | 10/15 | €382,249 | €526,817 | +€144,568 | +37.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €619,641 | €764,209 | +€144,568 | +23.3% |
| Distributable reserves | 133 | €619,641 | €764,209 | +€144,568 | +23.3% |
| Profit (loss) carried forward | 14 | -€244,392 | -€244,392 | = | 0.0% |
| Amounts payable | 17/49 | €54,131 | €52,200 | -€1,931 | -3.6% |
| Amounts payable within one year | 42/48 | €52,737 | €49,880 | -€2,857 | -5.4% |
| Trade debts | 44 | €4,848 | €4,182 | -€665 | -13.7% |
| Suppliers | 440/4 | €4,848 | €4,182 | -€665 | -13.7% |
| Taxes, remuneration and social security | 45 | €17,559 | €14,921 | -€2,639 | -15.0% |
| Taxes | 450/3 | €17,559 | €14,921 | -€2,639 | -15.0% |
| Other amounts payable | 47/48 | €30,330 | €30,777 | +€447 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,394 | €2,319 | +€926 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €2,758 | +€1,505 | +120.1% |
| Other operating charges | 640/8 | €1,255 | €888 | -€367 | -29.2% |
| Gross operating margin | 9900 | €189,137 | €201,585 | +€12,447 | +6.6% |
| Operating profit (loss) | 9901 | €186,629 | €197,939 | +€11,310 | +6.1% |
| Financial income | 75/76B | €43,429 | €22,568 | -€20,861 | -48.0% |
| Recurring financial income | 75 | €43,429 | €22,568 | -€20,861 | -48.0% |
| Financial charges | 65/66B | €28,046 | €5,299 | -€22,746 | -81.1% |
| Recurring financial charges | 65 | €28,046 | €5,299 | -€22,746 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €202,012 | €215,207 | +€13,195 | +6.5% |
| Income taxes | 67/77 | €66,459 | €68,973 | +€2,514 | +3.8% |
| Profit (loss) for the period | 9904 | €135,553 | €146,234 | +€10,681 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,553 | €146,234 | +€10,681 | +7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.