MEYCASOL: 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.
MEYCASOL
Largest movements
- Tangible fixed assets +€262,068
up €262,068 (+67.4%), from €388,729 to €650,797
- Receivables within one year -€15,251
down €15,251 (-39.7%), from €38,429 to €23,178
of which Other amounts receivable: -€10,000
- Debts after one year +€176,083
up €176,083 (+57.7%), from €305,356 to €481,440
of which Other amounts payable: +€100,000
- Other debts +€52,500
up €52,500 (+191%), from €27,500 to €80,000
- Current portion of long-term debt +€7,845
up €7,845 (+53.0%), from €14,807 to €22,651
- Depreciation +€11,873
up €11,873 (+89.0%), from €13,347 to €25,220
- Gross operating margin -€8,559
down €8,559 (-13.1%), from €65,166 to €56,607
- Financial charges +€2,195
up €2,195 (+13.2%), from €16,648 to €18,843
- Taxes +€1,602
up €1,602 (+43.6%), from €3,674 to €5,276
- Other operating charges -€1,529
down €1,529 (-33.8%), from €4,522 to €2,993
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 | €444,279 | €691,000 | +€246,722 | +55.5% |
| Fixed assets | 21/28 | €388,814 | €650,882 | +€262,068 | +67.4% |
| Tangible fixed assets | 22/27 | €388,729 | €650,797 | +€262,068 | +67.4% |
| Land and buildings | 22 | €388,729 | €650,797 | +€262,068 | +67.4% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €55,465 | €40,119 | -€15,346 | -27.7% |
| Amounts receivable within one year | 40/41 | €38,429 | €23,178 | -€15,251 | -39.7% |
| Trade receivables | 40 | €28,429 | €23,178 | -€5,251 | -18.5% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €17,036 | €16,941 | -€95 | -0.6% |
| Total equity and liabilities | 10/49 | €444,279 | €691,000 | +€246,722 | +55.5% |
| Equity | 10/15 | €77,664 | €82,056 | +€4,392 | +5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €27,664 | €32,056 | +€4,392 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,804 | €30,196 | +€4,392 | +17.0% |
| Amounts payable | 17/49 | €366,615 | €608,944 | +€242,329 | +66.1% |
| Amounts payable after more than one year | 17 | €305,356 | €481,440 | +€176,083 | +57.7% |
| Financial debts | 170/4 | €205,356 | €281,440 | +€76,083 | +37.0% |
| Other amounts payable | 178/9 | €100,000 | €200,000 | +€100,000 | +100% |
| Amounts payable within one year | 42/48 | €59,958 | €124,187 | +€64,229 | +107% |
| Current portion of amounts payable after more than one year | 42 | €14,807 | €22,651 | +€7,845 | +53.0% |
| Trade debts | 44 | €5,401 | €8,176 | +€2,775 | +51.4% |
| Suppliers | 440/4 | €5,401 | €8,176 | +€2,775 | +51.4% |
| Taxes, remuneration and social security | 45 | €12,251 | €13,360 | +€1,110 | +9.1% |
| Taxes | 450/3 | €12,251 | €13,360 | +€1,110 | +9.1% |
| Other amounts payable | 47/48 | €27,500 | €80,000 | +€52,500 | +191% |
| Accrued charges and deferred income | 492/3 | €1,300 | €3,317 | +€2,017 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,347 | €25,220 | +€11,873 | +89.0% |
| Other operating charges | 640/8 | €4,522 | €2,993 | -€1,529 | -33.8% |
| Gross operating margin | 9900 | €65,166 | €56,607 | -€8,559 | -13.1% |
| Operating profit (loss) | 9901 | €47,297 | €28,395 | -€18,903 | -40.0% |
| Financial income | 75/76B | €24 | €116 | +€93 | +393% |
| Recurring financial income | 75 | €24 | €116 | +€93 | +393% |
| Financial charges | 65/66B | €16,648 | €18,843 | +€2,195 | +13.2% |
| Recurring financial charges | 65 | €16,648 | €18,843 | +€2,195 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €30,673 | €9,668 | -€21,004 | -68.5% |
| Income taxes | 67/77 | €3,674 | €5,276 | +€1,602 | +43.6% |
| Profit (loss) for the period | 9904 | €26,999 | €4,392 | -€22,607 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,999 | €4,392 | -€22,607 | -83.7% |
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 25 October 2026 via checked.be.