Bernard De Meyer: what changed
Two fiscal 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 Meyer
Largest movements
- Cash +€98,240
up €98,240 (+262.0%), from €37,491 to €135,730
mainly Net result for the year (+€116,400) and Tax, wage and social debts (+€7,219)
- Receivables within one year +€22,084
up €22,084 (+20.6%), from €107,022 to €129,106
of which Trade receivables: +€17,084
- Tangible fixed assets -€3,945
down €3,945 (-36.1%), from €10,938 to €6,993
- Reserves +€115,500
up €115,500 (+149.0%), from €77,500 to €193,000
- Tax, wage and social debts +€7,219
up €7,219 (+17.8%), from €40,654 to €47,873
- Trade debts -€2,725
down €2,725 (-92.5%), from €2,945 to €220
- Gross operating margin +€105,561
up €105,561 (+207.4%), from €50,887 to €156,448
- Taxes +€24,906
up €24,906 (+251.5%), from €9,902 to €34,808
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 | €156,042 | €272,420 | +€116,378 | +74.6% |
| Fixed assets | 21/28 | €11,338 | €7,393 | -€3,945 | -34.8% |
| Tangible fixed assets | 22/27 | €10,938 | €6,993 | -€3,945 | -36.1% |
| Furniture and vehicles | 24 | €10,938 | €6,993 | -€3,945 | -36.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €144,704 | €265,028 | +€120,323 | +83.2% |
| Amounts receivable within one year | 40/41 | €107,022 | €129,106 | +€22,084 | +20.6% |
| Trade receivables | 40 | €107,022 | €124,106 | +€17,084 | +16.0% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €37,491 | €135,730 | +€98,240 | +262.0% |
| Deferred charges and accrued income | 490/1 | €191 | €191 | = | 0.0% |
| Total equity and liabilities | 10/49 | €156,042 | €272,420 | +€116,378 | +74.6% |
| Equity | 10/15 | €78,910 | €195,310 | +€116,400 | +147.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,500 | €193,000 | +€115,500 | +149.0% |
| Distributable reserves | 133 | €77,500 | €193,000 | +€115,500 | +149.0% |
| Profit (loss) carried forward | 14 | €410 | €1,310 | +€900 | +219.5% |
| Amounts payable | 17/49 | €77,132 | €77,110 | -€22 | 0.0% |
| Amounts payable after more than one year | 17 | €4,829 | €2,249 | -€2,580 | -53.4% |
| Financial debts | 170/4 | €4,829 | €2,249 | -€2,580 | -53.4% |
| Amounts payable within one year | 42/48 | €72,303 | €74,861 | +€2,558 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €2,374 | €2,580 | +€206 | +8.7% |
| Trade debts | 44 | €2,945 | €220 | -€2,725 | -92.5% |
| Suppliers | 440/4 | €2,945 | €220 | -€2,725 | -92.5% |
| Taxes, remuneration and social security | 45 | €40,654 | €47,873 | +€7,219 | +17.8% |
| Taxes | 450/3 | €40,654 | €47,873 | +€7,219 | +17.8% |
| Other amounts payable | 47/48 | €26,331 | €24,188 | -€2,142 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,945 | €3,945 | = | 0.0% |
| Other operating charges | 640/8 | €676 | €695 | +€19 | +2.8% |
| Gross operating margin | 9900 | €50,887 | €156,448 | +€105,561 | +207.4% |
| Operating profit (loss) | 9901 | €46,267 | €151,808 | +€105,542 | +228.1% |
| Financial charges | 65/66B | €576 | €600 | +€24 | +4.2% |
| Recurring financial charges | 65 | €576 | €600 | +€24 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €45,691 | €151,209 | +€105,517 | +230.9% |
| Income taxes | 67/77 | €9,902 | €34,808 | +€24,906 | +251.5% |
| Profit (loss) for the period | 9904 | €35,789 | €116,400 | +€80,611 | +225.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,789 | €116,400 | +€80,611 | +225.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.