ANDRÉ MEERS: 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.
ANDRÉ MEERS
Largest movements
- Receivables within one year +€3,192
up €3,192 (+728.7%), from €438 to €3,630
of which Trade receivables: +€3,630
- Cash -€232
down €232 (-32.0%), from €726 to €493
mainly Receivables within one year (-€3,192) and Net result for the year (-€434)
- Deferred charges and accrued income +€125
up €125 (+14.7%), from €846 to €971
- Other debts +€3,671
up €3,671 (+6.6%), from €55,550 to €59,222
- Profit (loss) carried forward -€434
down €434 (-0.5%), from -€80,975 to -€81,409
- Trade debts -€274
down €274 (-27.1%), from €1,009 to €736
- Tax, wage and social debts +€121
up €121 (+14.3%), from €846 to €967
- Gross operating margin +€3,485
up €3,485, from -€2,741 to €744
- Other operating charges -€65
down €65 (-8.5%), from €760 to €695
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 | €2,010 | €5,094 | +€3,084 | +153.5% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,010 | €5,094 | +€3,084 | +153.5% |
| Amounts receivable within one year | 40/41 | €438 | €3,630 | +€3,192 | +728.7% |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | €438 | - | -€438 | |
| Cash at bank and in hand | 54/58 | €726 | €493 | -€232 | -32.0% |
| Deferred charges and accrued income | 490/1 | €846 | €971 | +€125 | +14.7% |
| Total equity and liabilities | 10/49 | €2,010 | €5,094 | +€3,084 | +153.5% |
| Equity | 10/15 | -€55,395 | -€55,830 | -€434 | -0.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €579 | €579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €579 | €579 | = | 0.0% |
| Reserves not available under the articles | 1311 | €579 | €579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,975 | -€81,409 | -€434 | -0.5% |
| Amounts payable | 17/49 | €57,405 | €60,924 | +€3,519 | +6.1% |
| Amounts payable within one year | 42/48 | €57,405 | €60,924 | +€3,519 | +6.1% |
| Trade debts | 44 | €1,009 | €736 | -€274 | -27.1% |
| Suppliers | 440/4 | €1,009 | €736 | -€274 | -27.1% |
| Taxes, remuneration and social security | 45 | €846 | €967 | +€121 | +14.3% |
| Taxes | 450/3 | €846 | €967 | +€121 | +14.3% |
| Other amounts payable | 47/48 | €55,550 | €59,222 | +€3,671 | +6.6% |
| Other operating charges | 640/8 | €760 | €695 | -€65 | -8.5% |
| Gross operating margin | 9900 | -€2,741 | €744 | +€3,485 | |
| Operating profit (loss) | 9901 | -€3,501 | €49 | +€3,550 | |
| Financial charges | 65/66B | €45 | €44 | -€1 | -1.6% |
| Recurring financial charges | 65 | €45 | €44 | -€1 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,546 | €4 | +€3,550 | |
| Income taxes | 67/77 | €425 | €439 | +€14 | +3.2% |
| Profit (loss) for the period | 9904 | -€3,971 | -€434 | +€3,537 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,971 | -€434 | +€3,537 | +89.1% |
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 12 October 2026 via checked.be.