Meytec: 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.
Meytec
Largest movements
- Receivables within one year -€60,166
down €60,166 (-89.9%), from €66,895 to €6,729
of which Trade receivables: -€55,241
- Tangible fixed assets +€58,628
up €58,628 (+568.8%), from €10,307 to €68,935
of which Plant, machinery and equipment: +€54,900
- Cash +€40,700
up €40,700 (+228.4%), from €17,821 to €58,521
mainly Net result for the year (+€92,451) and Receivables within one year (+€60,166)
- Stocks and contracts +€25,124
up €25,124 (+98.8%), from €25,432 to €50,555
- Financial fixed assets +€3,270
up €3,270 (+137.1%), from €2,385 to €5,655
- Reserves +€79,220
new in 2025: €79,220
- Trade debts -€42,480
down €42,480 (-91.1%), from €46,621 to €4,142
- Debts after one year +€36,686
new in 2025: €36,686
- Other debts -€30,169
down €30,169 (-57.5%), from €52,443 to €22,274
- Current portion of long-term debt +€9,465
new in 2025: €9,465
- Gross operating margin +€105,346
up €105,346 (+362.3%), from €29,074 to €134,420
- Taxes +€22,747
up €22,747 (+14403.3%), from €158 to €22,905
- Other operating charges -€18,642
down €18,642 (-97.3%), from €19,166 to €524
- Financial charges +€6,621
up €6,621 (+134.5%), from €4,923 to €11,544
- Write-downs +€6,500
up €6,500, from -€6,500 to €0
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 | €123,840 | €192,201 | +€68,361 | +55.2% |
| Fixed assets | 21/28 | €12,692 | €74,590 | +€61,898 | +487.7% |
| Tangible fixed assets | 22/27 | €10,307 | €68,935 | +€58,628 | +568.8% |
| Plant, machinery and equipment | 23 | €10,307 | €65,207 | +€54,900 | +532.7% |
| Furniture and vehicles | 24 | - | €3,728 | +€3,728 | |
| Financial fixed assets | 28 | €2,385 | €5,655 | +€3,270 | +137.1% |
| Current assets | 29/58 | €111,148 | €117,611 | +€6,463 | +5.8% |
| Stocks and contracts in progress | 3 | €25,432 | €50,555 | +€25,124 | +98.8% |
| Stocks | 30/36 | €25,432 | €50,555 | +€25,124 | +98.8% |
| Amounts receivable within one year | 40/41 | €66,895 | €6,729 | -€60,166 | -89.9% |
| Trade receivables | 40 | €61,472 | €6,231 | -€55,241 | -89.9% |
| Other amounts receivable | 41 | €5,423 | €497 | -€4,926 | -90.8% |
| Cash at bank and in hand | 54/58 | €17,821 | €58,521 | +€40,700 | +228.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,806 | +€806 | +80.6% |
| Total equity and liabilities | 10/49 | €123,840 | €192,201 | +€68,361 | +55.2% |
| Equity | 10/15 | €21,769 | €109,220 | +€87,451 | +401.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €79,220 | +€79,220 | |
| Distributable reserves | 133 | - | €79,220 | +€79,220 | |
| Profit (loss) carried forward | 14 | -€8,231 | €0 | +€8,231 | |
| Amounts payable | 17/49 | €102,070 | €82,981 | -€19,090 | -18.7% |
| Amounts payable after more than one year | 17 | - | €36,686 | +€36,686 | |
| Financial debts | 170/4 | - | €36,686 | +€36,686 | |
| Amounts payable within one year | 42/48 | €102,070 | €46,295 | -€55,775 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,465 | +€9,465 | |
| Financial debts | 43 | €180 | €1,673 | +€1,493 | +831.4% |
| Credit institutions | 430/8 | €180 | €1,673 | +€1,493 | +831.4% |
| Trade debts | 44 | €46,621 | €4,142 | -€42,480 | -91.1% |
| Suppliers | 440/4 | €46,621 | €4,142 | -€42,480 | -91.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,826 | €8,741 | +€5,916 | +209.3% |
| Taxes | 450/3 | €2,826 | €8,741 | +€5,916 | +209.3% |
| Other amounts payable | 47/48 | €52,443 | €22,274 | -€30,169 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,452 | €7,176 | +€4,724 | +192.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,500 | €0 | +€6,500 | |
| Other operating charges | 640/8 | €19,166 | €524 | -€18,642 | -97.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,074 | €134,420 | +€105,346 | +362.3% |
| Operating profit (loss) | 9901 | €13,956 | €126,720 | +€112,764 | +808.0% |
| Financial income | 75/76B | €389 | €180 | -€210 | -53.9% |
| Recurring financial income | 75 | €389 | €180 | -€210 | -53.9% |
| Financial charges | 65/66B | €4,923 | €11,544 | +€6,621 | +134.5% |
| Recurring financial charges | 65 | €4,923 | €11,544 | +€6,621 | +134.5% |
| Profit (loss) for the period before taxes | 9903 | €9,423 | €115,356 | +€105,933 | +1124.3% |
| Income taxes | 67/77 | €158 | €22,905 | +€22,747 | +14403.3% |
| Profit (loss) for the period | 9904 | €9,265 | €92,451 | +€83,186 | +897.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,265 | €92,451 | +€83,186 | +897.9% |
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 6 October 2026 via checked.be.