C.M.G.Dr 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.
C.M.G.Dr MEYER
Largest movements
- Cash +€208,569
up €208,569 (+115%), from €180,878 to €389,447
mainly Current investments (+€125,000) and Net result for the year (+€62,425)
- Current investments -€125,000
down €125,000 (-27.7%), from €451,000 to €326,000
- Tangible fixed assets -€25,701
down €25,701 (-25.3%), from €101,536 to €75,835
of which Other tangible fixed assets: -€48,401
- Reserves +€61,532
up €61,532 (+11.0%), from €559,316 to €620,848
of which Distributable reserves: +€38,500
- Taxes -€5,882
down €5,882 (-16.9%), from €34,779 to €28,897
- Financial income -€5,199
down €5,199 (-34.5%), from €15,088 to €9,889
- Gross operating margin -€4,949
down €4,949 (-3.9%), from €126,507 to €121,558
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.
Derived cash bridge
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 | €745,943 | €802,407 | +€56,464 | +7.6% |
| Fixed assets | 21/28 | €101,536 | €75,835 | -€25,701 | -25.3% |
| Tangible fixed assets | 22/27 | €101,536 | €75,835 | -€25,701 | -25.3% |
| Plant, machinery and equipment | 23 | €1,548 | €571 | -€977 | -63.1% |
| Furniture and vehicles | 24 | €51,587 | €38,963 | -€12,624 | -24.5% |
| Leasing and similar rights | 25 | - | €36,301 | +€36,301 | |
| Other tangible fixed assets | 26 | €48,401 | - | -€48,401 | |
| Current assets | 29/58 | €644,407 | €726,572 | +€82,165 | +12.8% |
| Amounts receivable within one year | 40/41 | €10,686 | €8,272 | -€2,414 | -22.6% |
| Trade receivables | 40 | €1,460 | €1,460 | = | 0.0% |
| Other amounts receivable | 41 | €9,226 | €6,812 | -€2,414 | -26.2% |
| Current investments | 50/53 | €451,000 | €326,000 | -€125,000 | -27.7% |
| Cash at bank and in hand | 54/58 | €180,878 | €389,447 | +€208,569 | +115% |
| Deferred charges and accrued income | 490/1 | €1,843 | €2,853 | +€1,010 | +54.8% |
| Total equity and liabilities | 10/49 | €745,943 | €802,407 | +€56,464 | +7.6% |
| Equity | 10/15 | €726,816 | €789,241 | +€62,425 | +8.6% |
| Contributions | 10/11 | €70,587 | €70,587 | = | 0.0% |
| Reserves | 13 | €559,316 | €620,848 | +€61,532 | +11.0% |
| Non-distributable reserves | 130/1 | €7,059 | €7,059 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,059 | €7,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,957 | €97,989 | +€23,032 | +30.7% |
| Distributable reserves | 133 | €477,300 | €515,800 | +€38,500 | +8.1% |
| Profit (loss) carried forward | 14 | €96,913 | €97,806 | +€893 | +0.9% |
| Provisions and deferred taxes | 16 | €931 | €698 | -€233 | -25.0% |
| Deferred taxes | 168 | €931 | €698 | -€233 | -25.0% |
| Amounts payable | 17/49 | €18,196 | €12,468 | -€5,728 | -31.5% |
| Amounts payable within one year | 42/48 | €17,740 | €12,468 | -€5,272 | -29.7% |
| Trade debts | 44 | €1,597 | - | -€1,597 | |
| Suppliers | 440/4 | €1,597 | - | -€1,597 | |
| Taxes, remuneration and social security | 45 | €6,330 | €3,500 | -€2,830 | -44.7% |
| Taxes | 450/3 | €6,330 | €3,500 | -€2,830 | -44.7% |
| Other amounts payable | 47/48 | €9,813 | €8,968 | -€845 | -8.6% |
| Accrued charges and deferred income | 492/3 | €456 | - | -€456 | |
| Remuneration, social security and pensions | 62 | €5,296 | €5,929 | +€633 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,734 | €29,103 | -€631 | -2.1% |
| Other operating charges | 640/8 | €4,793 | €4,927 | +€134 | +2.8% |
| Non-recurring operating charges | 66A | - | €83 | +€83 | |
| Gross operating margin | 9900 | €126,507 | €121,558 | -€4,949 | -3.9% |
| Operating profit (loss) | 9901 | €86,684 | €81,516 | -€5,168 | -6.0% |
| Financial income | 75/76B | €15,088 | €9,889 | -€5,199 | -34.5% |
| Recurring financial income | 75 | €15,088 | €9,889 | -€5,199 | -34.5% |
| Financial charges | 65/66B | €589 | €315 | -€274 | -46.5% |
| Recurring financial charges | 65 | €589 | €315 | -€274 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €101,183 | €91,090 | -€10,093 | -10.0% |
| Transfer from deferred taxes | 780 | €232 | €232 | = | 0.0% |
| Income taxes | 67/77 | €34,779 | €28,897 | -€5,882 | -16.9% |
| Profit (loss) for the period | 9904 | €66,636 | €62,425 | -€4,211 | -6.3% |
| Transfer from tax-exempt reserves | 789 | €28,342 | €10,452 | -€17,890 | -63.1% |
| Transfer to tax-exempt reserves | 689 | €31,575 | €33,484 | +€1,909 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,403 | €39,393 | -€24,010 | -37.9% |
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 29 October 2026 via checked.be.