b.meyer: 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.
b.meyer
Largest movements
- Financial fixed assets +€2.3m
up €2.3m (+442.9%), from €508,000 to €2.8m
- Tangible fixed assets +€127,524
up €127,524 (+1684.7%), from €7,570 to €135,094
of which Furniture and vehicles: +€123,720
- Cash +€51,970
up €51,970 (+600.8%), from €8,651 to €60,621
mainly Debts after one year (+€1.0m) and Net result for the year (+€985,856)
- Debts after one year +€1.0m
new in 2025: €1.0m
- Reserves +€625,800
up €625,800 (+10192.2%), from €6,140 to €631,940
- Other debts +€465,973
up €465,973 (+93.5%), from €498,322 to €964,295
- Current portion of long-term debt +€297,255
new in 2025: €297,255
- Financial income +€889,475
up €889,475 (+1469.6%), from €60,525 to €950,000
- Financial charges +€34,076
up €34,076 (+1416.3%), from €2,406 to €36,482
- Gross operating margin +€20,465
up €20,465 (+26.9%), from €76,089 to €96,555
- Taxes -€7,911
down €7,911 (-42.5%), from €18,630 to €10,719
- Depreciation +€7,206
up €7,206 (+251.9%), from €2,861 to €10,067
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 | €532,870 | €2,964,565 | +€2.4m | +456.3% |
| Fixed assets | 21/28 | €515,570 | €2,893,094 | +€2.4m | +461.1% |
| Tangible fixed assets | 22/27 | €7,570 | €135,094 | +€127,524 | +1684.7% |
| Furniture and vehicles | 24 | €7,570 | €131,290 | +€123,720 | +1634.4% |
| Other tangible fixed assets | 26 | - | €3,804 | +€3,804 | |
| Financial fixed assets | 28 | €508,000 | €2,758,000 | +€2.3m | +442.9% |
| Current assets | 29/58 | €17,301 | €71,471 | +€54,170 | +313.1% |
| Amounts receivable within one year | 40/41 | €8,650 | €10,850 | +€2,200 | +25.4% |
| Other amounts receivable | 41 | €8,650 | €10,850 | +€2,200 | +25.4% |
| Cash at bank and in hand | 54/58 | €8,651 | €60,621 | +€51,970 | +600.8% |
| Total equity and liabilities | 10/49 | €532,870 | €2,964,565 | +€2.4m | +456.3% |
| Equity | 10/15 | €25,728 | €651,585 | +€625,856 | +2432.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,140 | €631,940 | +€625,800 | +10192.2% |
| Distributable reserves | 133 | €6,140 | €631,940 | +€625,800 | +10192.2% |
| Profit (loss) carried forward | 14 | €988 | €1,045 | +€56 | +5.7% |
| Amounts payable | 17/49 | €507,142 | €2,312,980 | +€1.8m | +356.1% |
| Amounts payable after more than one year | 17 | - | €1,041,075 | +€1.0m | |
| Financial debts | 170/4 | - | €1,041,075 | +€1.0m | |
| Amounts payable within one year | 42/48 | €503,069 | €1,268,340 | +€765,271 | +152.1% |
| Current portion of amounts payable after more than one year | 42 | - | €297,255 | +€297,255 | |
| Trade debts | 44 | €218 | €1,340 | +€1,122 | +515.1% |
| Suppliers | 440/4 | €218 | €1,340 | +€1,122 | +515.1% |
| Taxes, remuneration and social security | 45 | €4,529 | €5,450 | +€920 | +20.3% |
| Taxes | 450/3 | €4,529 | €5,450 | +€920 | +20.3% |
| Other amounts payable | 47/48 | €498,322 | €964,295 | +€465,973 | +93.5% |
| Accrued charges and deferred income | 492/3 | €4,073 | €3,564 | -€509 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,861 | €10,067 | +€7,206 | +251.9% |
| Other operating charges | 640/8 | €1,350 | €3,430 | +€2,080 | +154.1% |
| Gross operating margin | 9900 | €76,089 | €96,555 | +€20,465 | +26.9% |
| Operating profit (loss) | 9901 | €71,879 | €83,057 | +€11,179 | +15.6% |
| Financial income | 75/76B | €60,525 | €950,000 | +€889,475 | +1469.6% |
| Recurring financial income | 75 | €60,525 | €950,000 | +€889,475 | +1469.6% |
| Financial charges | 65/66B | €2,406 | €36,482 | +€34,076 | +1416.3% |
| Recurring financial charges | 65 | €2,406 | €36,482 | +€34,076 | +1416.3% |
| Profit (loss) for the period before taxes | 9903 | €129,998 | €996,575 | +€866,578 | +666.6% |
| Income taxes | 67/77 | €18,630 | €10,719 | -€7,911 | -42.5% |
| Profit (loss) for the period | 9904 | €111,368 | €985,856 | +€874,489 | +785.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,368 | €985,856 | +€874,489 | +785.2% |
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 10 October 2026 via checked.be.