MEY: 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.
MEY
Largest movements
- Current investments +€127,580
up €127,580 (+29.6%), from €430,715 to €558,295
- Receivables after one year +€100,000
new in 2025: €100,000
- Cash -€53,541
down €53,541 (-38.7%), from €138,419 to €84,878
mainly Current investments (-€127,580) and Receivables after one year (-€100,000)
- Reserves +€168,862
up €168,862 (+22.1%), from €764,209 to €933,071
- Financial income +€91,428
up €91,428 (+405%), from €22,568 to €113,995
- Financial charges +€28,818
up €28,818 (+544%), from €5,299 to €34,117
- Gross operating margin -€26,777
down €26,777 (-13.3%), from €201,585 to €174,808
- Taxes +€10,807
up €10,807 (+15.7%), from €68,973 to €79,780
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 | €579,017 | €751,104 | +€172,087 | +29.7% |
| Fixed assets | 21/28 | €9,798 | €7,931 | -€1,867 | -19.1% |
| Tangible fixed assets | 22/27 | €9,798 | €7,931 | -€1,867 | -19.1% |
| Plant, machinery and equipment | 23 | €8,303 | €6,739 | -€1,565 | -18.8% |
| Furniture and vehicles | 24 | €1,494 | €1,192 | -€302 | -20.2% |
| Current assets | 29/58 | €569,219 | €743,173 | +€173,954 | +30.6% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Current investments | 50/53 | €430,715 | €558,295 | +€127,580 | +29.6% |
| Cash at bank and in hand | 54/58 | €138,419 | €84,878 | -€53,541 | -38.7% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €579,017 | €751,104 | +€172,087 | +29.7% |
| Equity | 10/15 | €526,817 | €695,680 | +€168,862 | +32.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €764,209 | €933,071 | +€168,862 | +22.1% |
| Distributable reserves | 133 | €764,209 | €933,071 | +€168,862 | +22.1% |
| Profit (loss) carried forward | 14 | -€244,392 | -€244,392 | = | 0.0% |
| Amounts payable | 17/49 | €52,200 | €55,425 | +€3,225 | +6.2% |
| Amounts payable within one year | 42/48 | €49,880 | €53,176 | +€3,296 | +6.6% |
| Trade debts | 44 | €4,182 | €3,296 | -€886 | -21.2% |
| Suppliers | 440/4 | €4,182 | €3,296 | -€886 | -21.2% |
| Taxes, remuneration and social security | 45 | €14,921 | €13,808 | -€1,113 | -7.5% |
| Taxes | 450/3 | €14,921 | €13,808 | -€1,113 | -7.5% |
| Other amounts payable | 47/48 | €30,777 | €36,073 | +€5,295 | +17.2% |
| Accrued charges and deferred income | 492/3 | €2,319 | €2,249 | -€71 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,758 | €2,696 | -€62 | -2.3% |
| Other operating charges | 640/8 | €888 | €1,683 | +€794 | +89.4% |
| Gross operating margin | 9900 | €201,585 | €174,808 | -€26,777 | -13.3% |
| Operating profit (loss) | 9901 | €197,939 | €170,430 | -€27,509 | -13.9% |
| Financial income | 75/76B | €22,568 | €113,995 | +€91,428 | +405% |
| Recurring financial income | 75 | €22,568 | €113,995 | +€91,428 | +405% |
| Financial charges | 65/66B | €5,299 | €34,117 | +€28,818 | +544% |
| Recurring financial charges | 65 | €5,299 | €34,117 | +€28,818 | +544% |
| Profit (loss) for the period before taxes | 9903 | €215,207 | €250,308 | +€35,101 | +16.3% |
| Income taxes | 67/77 | €68,973 | €79,780 | +€10,807 | +15.7% |
| Profit (loss) for the period | 9904 | €146,234 | €170,528 | +€24,294 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €146,234 | €170,528 | +€24,294 | +16.6% |
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 15 October 2026 via checked.be.