BERNARD DE MEULEMEESTER: 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.
BERNARD DE MEULEMEESTER
Largest movements
- Tangible fixed assets -€89,578
down €89,578 (-4.7%), from €1.9m to €1.8m
- Accrued charges and deferred income -€474,246
down €474,246 (-96.9%), from €489,203 to €14,957
- Profit (loss) carried forward +€273,777
up €273,777 (+11.0%), from €2.5m to €2.8m
- Other debts +€125,049
up €125,049 (+308%), from €40,577 to €165,626
- Gross operating margin -€210,637
down €210,637 (-28.9%), from €727,833 to €517,196
- Taxes -€54,136
down €54,136 (-36.6%), from €147,881 to €93,745
- Financial income -€12,623
down €12,623 (-54.3%), from €23,260 to €10,637
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 | €5,812,027 | €5,720,107 | -€91,920 | -1.6% |
| Fixed assets | 21/28 | €1,918,470 | €1,828,892 | -€89,578 | -4.7% |
| Tangible fixed assets | 22/27 | €1,918,470 | €1,828,892 | -€89,578 | -4.7% |
| Land and buildings | 22 | €1,918,470 | €1,828,892 | -€89,578 | -4.7% |
| Current assets | 29/58 | €3,893,557 | €3,891,215 | -€2,342 | -0.1% |
| Amounts receivable within one year | 40/41 | €10,918 | €33,866 | +€22,948 | +210% |
| Other amounts receivable | 41 | €10,918 | €33,866 | +€22,948 | +210% |
| Current investments | 50/53 | €3,836,945 | €3,836,945 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,694 | €20,404 | -€25,290 | -55.3% |
| Total equity and liabilities | 10/49 | €5,812,027 | €5,720,107 | -€91,920 | -1.6% |
| Equity | 10/15 | €4,964,638 | €5,238,415 | +€273,777 | +5.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,437,673 | €2,437,673 | = | 0.0% |
| Distributable reserves | 133 | €2,437,673 | €2,437,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,496,965 | €2,770,742 | +€273,777 | +11.0% |
| Amounts payable | 17/49 | €847,389 | €481,692 | -€365,697 | -43.2% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,186 | €166,735 | +€108,549 | +187% |
| Trade debts | 44 | €16,141 | €945 | -€15,196 | -94.1% |
| Suppliers | 440/4 | €16,141 | €945 | -€15,196 | -94.1% |
| Taxes, remuneration and social security | 45 | €1,468 | €164 | -€1,304 | -88.8% |
| Taxes | 450/3 | €1,468 | €164 | -€1,304 | -88.8% |
| Other amounts payable | 47/48 | €40,577 | €165,626 | +€125,049 | +308% |
| Accrued charges and deferred income | 492/3 | €489,203 | €14,957 | -€474,246 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,579 | €89,578 | -€1 | 0.0% |
| Other operating charges | 640/8 | €22,667 | €23,674 | +€1,007 | +4.4% |
| Gross operating margin | 9900 | €727,833 | €517,196 | -€210,637 | -28.9% |
| Operating profit (loss) | 9901 | €615,587 | €403,944 | -€211,643 | -34.4% |
| Financial income | 75/76B | €23,260 | €10,637 | -€12,623 | -54.3% |
| Recurring financial income | 75 | €23,260 | €10,637 | -€12,623 | -54.3% |
| Financial charges | 65/66B | €16,147 | €12,059 | -€4,088 | -25.3% |
| Recurring financial charges | 65 | €16,147 | €12,059 | -€4,088 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €622,700 | €402,522 | -€220,178 | -35.4% |
| Income taxes | 67/77 | €147,881 | €93,745 | -€54,136 | -36.6% |
| Profit (loss) for the period | 9904 | €474,819 | €308,777 | -€166,042 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €474,819 | €308,777 | -€166,042 | -35.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.