MEYE: 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.
MEYE
Largest movements
- Cash -€39,209
down €39,209 (-22.9%), from €171,451 to €132,242
mainly Other debts (-€53,218) and Receivables within one year (-€15,967)
- Receivables within one year +€15,967
up €15,967 (+4.6%), from €348,827 to €364,794
of which Trade receivables: +€11,490
- Other debts -€53,218
down €53,218 (-31.5%), from €169,213 to €115,995
- Trade debts +€20,488
up €20,488 (+1197.4%), from €1,711 to €22,199
- Financial charges -€871,425
down €871,425 (-99.1%), from €879,472 to €8,048
of which Non-recurring financial charges: -€848,430
- Gross operating margin -€67,838
down €67,838 (-35.6%), from €190,312 to €122,474
- Other operating charges -€10,719
down €10,719 (-88.1%), from €12,166 to €1,447
- Staff costs -€9,827
down €9,827 (-8.4%), from €117,638 to €107,811
- Taxes -€4,248
down €4,248, from €3,646 to -€601
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 | €1,515,929 | €1,488,595 | -€27,335 | -1.8% |
| Fixed assets | 21/28 | €111,863 | €108,608 | -€3,255 | -2.9% |
| Tangible fixed assets | 22/27 | €8,093 | €4,958 | -€3,135 | -38.7% |
| Plant, machinery and equipment | 23 | €3,925 | €3,018 | -€907 | -23.1% |
| Furniture and vehicles | 24 | €4,168 | €1,940 | -€2,228 | -53.5% |
| Financial fixed assets | 28 | €103,770 | €103,650 | -€120 | -0.1% |
| Current assets | 29/58 | €1,404,067 | €1,379,986 | -€24,080 | -1.7% |
| Amounts receivable after more than one year | 29 | €880,000 | €880,000 | = | 0.0% |
| Other amounts receivable | 291 | €880,000 | €880,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €348,827 | €364,794 | +€15,967 | +4.6% |
| Trade receivables | 40 | €90,109 | €101,599 | +€11,490 | +12.8% |
| Other amounts receivable | 41 | €258,719 | €263,196 | +€4,477 | +1.7% |
| Cash at bank and in hand | 54/58 | €171,451 | €132,242 | -€39,209 | -22.9% |
| Deferred charges and accrued income | 490/1 | €3,789 | €2,951 | -€838 | -22.1% |
| Total equity and liabilities | 10/49 | €1,515,929 | €1,488,595 | -€27,335 | -1.8% |
| Equity | 10/15 | €651,108 | €655,192 | +€4,084 | +0.6% |
| Contributions | 10/11 | €1,462,000 | €1,462,000 | = | 0.0% |
| Capital | 10 | €1,462,000 | €1,462,000 | = | 0.0% |
| Issued capital | 100 | €1,462,000 | €1,462,000 | = | 0.0% |
| Reserves | 13 | €24,270 | €28,192 | +€3,922 | +16.2% |
| Non-distributable reserves | 130/1 | €9,600 | €9,600 | = | 0.0% |
| Legal reserve | 130 | €9,600 | €9,600 | = | 0.0% |
| Distributable reserves | 133 | €14,670 | €18,592 | +€3,922 | +26.7% |
| Profit (loss) carried forward | 14 | -€835,162 | -€835,000 | +€162 | 0.0% |
| Amounts payable | 17/49 | €864,821 | €833,402 | -€31,419 | -3.6% |
| Amounts payable after more than one year | 17 | €497,150 | €497,150 | = | 0.0% |
| Financial debts | 170/4 | €497,150 | €497,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €367,671 | €336,252 | -€31,419 | -8.5% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €1,711 | €22,199 | +€20,488 | +1197.4% |
| Suppliers | 440/4 | €1,711 | €22,199 | +€20,488 | +1197.4% |
| Taxes, remuneration and social security | 45 | €46,748 | €48,059 | +€1,311 | +2.8% |
| Taxes | 450/3 | €32,662 | €33,379 | +€718 | +2.2% |
| Remuneration and social security | 454/9 | €14,086 | €14,679 | +€593 | +4.2% |
| Other amounts payable | 47/48 | €169,213 | €115,995 | -€53,218 | -31.5% |
| Remuneration, social security and pensions | 62 | €117,638 | €107,811 | -€9,827 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €3,135 | +€369 | +13.4% |
| Other operating charges | 640/8 | €12,166 | €1,447 | -€10,719 | -88.1% |
| Gross operating margin | 9900 | €190,312 | €122,474 | -€67,838 | -35.6% |
| Operating profit (loss) | 9901 | €57,742 | €10,082 | -€47,660 | -82.5% |
| Financial income | 75/76B | €1,364 | €1,449 | +€84 | +6.2% |
| Recurring financial income | 75 | €1,364 | €1,449 | +€84 | +6.2% |
| Financial charges | 65/66B | €879,472 | €8,048 | -€871,425 | -99.1% |
| Recurring financial charges | 65 | €31,043 | €8,048 | -€22,995 | -74.1% |
| Non-recurring financial charges | 66B | €848,430 | €0 | -€848,430 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€820,366 | €3,483 | +€823,849 | |
| Income taxes | 67/77 | €3,646 | -€601 | -€4,248 | |
| Profit (loss) for the period | 9904 | -€824,012 | €4,084 | +€828,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€824,012 | €4,084 | +€828,096 |
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 10 October 2026 via checked.be.