MeEthem: 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.
MeEthem
Largest movements
- Deferred charges and accrued income -€41,521
no longer reported in 2025 (was €41,521)
- Tangible fixed assets -€7,770
down €7,770 (-50.5%), from €15,388 to €7,618
of which Furniture and vehicles: -€5,016
- Receivables within one year -€2,828
down €2,828 (-3.7%), from €75,541 to €72,713
of which Trade receivables: -€37,928
- Cash +€2,165
up €2,165 (+44.0%), from €4,926 to €7,091
mainly Deferred charges and accrued income (+€41,521) and Net result for the year (+€8,434)
- Trade debts -€56,329
down €56,329 (-95.5%), from €59,002 to €2,673
- Profit (loss) carried forward +€8,434
up €8,434 (+12.0%), from €70,469 to €78,903
- Debts after one year -€6,097
no longer reported in 2025 (was €6,097)
- Tax, wage and social debts +€3,966
up €3,966 (+80.2%), from €4,944 to €8,910
of which Remuneration and social security: +€3,753
- Financial charges +€6,048
up €6,048 (+10,490%), from €58 to €6,106
- Other operating charges +€5,496
up €5,496 (+608%), from €904 to €6,401
- Gross operating margin -€4,552
down €4,552 (-4.4%), from €104,264 to €99,712
- Taxes +€4,044
up €4,044 (+35.6%), from €11,351 to €15,395
- Staff costs +€1,303
up €1,303 (+2.4%), from €54,057 to €55,359
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 | €142,012 | €91,986 | -€50,026 | -35.2% |
| Fixed assets | 21/28 | €20,023 | €12,182 | -€7,841 | -39.2% |
| Intangible fixed assets | 21 | €2,130 | €1,875 | -€255 | -12.0% |
| Tangible fixed assets | 22/27 | €15,388 | €7,618 | -€7,770 | -50.5% |
| Plant, machinery and equipment | 23 | €8,446 | €5,691 | -€2,755 | -32.6% |
| Furniture and vehicles | 24 | €6,943 | €1,927 | -€5,016 | -72.2% |
| Financial fixed assets | 28 | €2,505 | €2,689 | +€184 | +7.3% |
| Current assets | 29/58 | €121,988 | €79,804 | -€42,184 | -34.6% |
| Amounts receivable within one year | 40/41 | €75,541 | €72,713 | -€2,828 | -3.7% |
| Trade receivables | 40 | €57,889 | €19,961 | -€37,928 | -65.5% |
| Other amounts receivable | 41 | €17,652 | €52,752 | +€35,099 | +199% |
| Cash at bank and in hand | 54/58 | €4,926 | €7,091 | +€2,165 | +44.0% |
| Deferred charges and accrued income | 490/1 | €41,521 | - | -€41,521 | |
| Total equity and liabilities | 10/49 | €142,012 | €91,986 | -€50,026 | -35.2% |
| Equity | 10/15 | €71,969 | €80,403 | +€8,434 | +11.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €70,469 | €78,903 | +€8,434 | +12.0% |
| Amounts payable | 17/49 | €70,042 | €11,582 | -€58,460 | -83.5% |
| Amounts payable after more than one year | 17 | €6,097 | - | -€6,097 | |
| Financial debts | 170/4 | €6,097 | - | -€6,097 | |
| Amounts payable within one year | 42/48 | €63,946 | €11,582 | -€52,363 | -81.9% |
| Trade debts | 44 | €59,002 | €2,673 | -€56,329 | -95.5% |
| Suppliers | 440/4 | €59,002 | €2,673 | -€56,329 | -95.5% |
| Taxes, remuneration and social security | 45 | €4,944 | €8,910 | +€3,966 | +80.2% |
| Taxes | 450/3 | €990 | €1,202 | +€212 | +21.4% |
| Remuneration and social security | 454/9 | €3,954 | €7,707 | +€3,753 | +94.9% |
| Remuneration, social security and pensions | 62 | €54,057 | €55,359 | +€1,303 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,025 | €8,025 | = | 0.0% |
| Other operating charges | 640/8 | €904 | €6,401 | +€5,496 | +608% |
| Gross operating margin | 9900 | €104,264 | €99,712 | -€4,552 | -4.4% |
| Operating profit (loss) | 9901 | €41,278 | €29,927 | -€11,351 | -27.5% |
| Financial income | 75/76B | €1 | €8 | +€7 | +984% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +984% |
| Financial charges | 65/66B | €58 | €6,106 | +€6,048 | +10,490% |
| Recurring financial charges | 65 | €58 | €6,106 | +€6,048 | +10,490% |
| Profit (loss) for the period before taxes | 9903 | €41,221 | €23,829 | -€17,391 | -42.2% |
| Income taxes | 67/77 | €11,351 | €15,395 | +€4,044 | +35.6% |
| Profit (loss) for the period | 9904 | €29,869 | €8,434 | -€21,435 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,869 | €8,434 | -€21,435 | -71.8% |
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 29 October 2026 via checked.be.