MEKO Construct: 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.
MEKO Construct
Largest movements
- Cash +€51,690
up €51,690 (+30.1%), from €171,656 to €223,345
mainly Net result for the year (+€54,175) and Other debts (+€22,883)
- Reserves +€38,880
up €38,880 (+12.6%), from €308,458 to €347,338
of which Distributable reserves: +€38,880
- Other debts +€22,883
up €22,883 (+25.8%), from €88,816 to €111,699
- Accrued charges and deferred income -€7,641
down €7,641 (-99.8%), from €7,654 to €14
- Trade debts -€5,120
down €5,120 (-92.9%), from €5,513 to €393
- Gross operating margin -€21,959
down €21,959 (-20.5%), from €106,939 to €84,980
- Taxes -€5,529
down €5,529 (-21.0%), from €26,368 to €20,839
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,492 | €486,728 | +€47,236 | +10.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €87,793 | €85,287 | -€2,506 | -2.9% |
| Tangible fixed assets | 22/27 | €7,793 | €5,287 | -€2,506 | -32.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €2,887 | €1,893 | -€995 | -34.5% |
| Furniture and vehicles | 24 | €4,906 | €3,395 | -€1,511 | -30.8% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €351,699 | €401,441 | +€49,742 | +14.1% |
| Amounts receivable within one year | 40/41 | €179,200 | €177,100 | -€2,100 | -1.2% |
| Trade receivables | 40 | €24,200 | €12,100 | -€12,100 | -50.0% |
| Other amounts receivable | 41 | €155,000 | €165,000 | +€10,000 | +6.5% |
| Cash at bank and in hand | 54/58 | €171,656 | €223,345 | +€51,690 | +30.1% |
| Deferred charges and accrued income | 490/1 | €843 | €995 | +€152 | +18.0% |
| Total equity and liabilities | 10/49 | €439,492 | €486,728 | +€47,236 | +10.7% |
| Equity | 10/15 | €320,858 | €359,738 | +€38,880 | +12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €308,458 | €347,338 | +€38,880 | +12.6% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €303,458 | €342,338 | +€38,880 | +12.8% |
| Amounts payable | 17/49 | €118,634 | €126,990 | +€8,356 | +7.0% |
| Amounts payable within one year | 42/48 | €110,980 | €126,976 | +€15,996 | +14.4% |
| Trade debts | 44 | €5,513 | €393 | -€5,120 | -92.9% |
| Suppliers | 440/4 | €5,513 | €393 | -€5,120 | -92.9% |
| Taxes, remuneration and social security | 45 | €16,650 | €14,884 | -€1,766 | -10.6% |
| Taxes | 450/3 | €16,650 | €14,884 | -€1,766 | -10.6% |
| Other amounts payable | 47/48 | €88,816 | €111,699 | +€22,883 | +25.8% |
| Accrued charges and deferred income | 492/3 | €7,654 | €14 | -€7,641 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,905 | €2,506 | -€399 | -13.7% |
| Other operating charges | 640/8 | €1,249 | €1,031 | -€218 | -17.5% |
| Gross operating margin | 9900 | €106,939 | €84,980 | -€21,959 | -20.5% |
| Operating profit (loss) | 9901 | €102,784 | €81,442 | -€21,342 | -20.8% |
| Financial charges | 65/66B | €7,213 | €6,429 | -€785 | -10.9% |
| Recurring financial charges | 65 | €7,213 | €6,429 | -€785 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €95,571 | €75,014 | -€20,557 | -21.5% |
| Income taxes | 67/77 | €26,368 | €20,839 | -€5,529 | -21.0% |
| Profit (loss) for the period | 9904 | €69,203 | €54,175 | -€15,028 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,203 | €54,175 | -€15,028 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.