C. Meeussen: 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. Meeussen
Largest movements
- Cash +€75,136
up €75,136 (+74.9%), from €100,354 to €175,490
mainly Net result for the year (+€77,844) and Tax, wage and social debts (+€21,319)
- Receivables after one year +€20,000
new in 2025: €20,000
- Receivables within one year -€19,913
down €19,913 (-54.2%), from €36,774 to €16,861
- Current investments +€19,000
new in 2025: €19,000
- Profit (loss) carried forward +€77,844
up €77,844 (+80.0%), from €97,264 to €175,108
- Tax, wage and social debts +€21,319
up €21,319 (+53.6%), from €39,740 to €61,059
of which Taxes: +€21,319
- Trade debts -€2,726
down €2,726 (-100%), from €2,726 to €0
- Gross operating margin -€24,859
down €24,859 (-19.7%), from €126,148 to €101,289
- Taxes -€5,838
down €5,838 (-21.5%), from €27,167 to €21,329
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 | €142,981 | €239,994 | +€97,013 | +67.9% |
| Fixed assets | 21/28 | €5,066 | €6,856 | +€1,790 | +35.3% |
| Tangible fixed assets | 22/27 | €5,066 | €6,856 | +€1,790 | +35.3% |
| Plant, machinery and equipment | 23 | €3,549 | €2,732 | -€817 | -23.0% |
| Furniture and vehicles | 24 | €1,517 | €4,125 | +€2,607 | +172% |
| Current assets | 29/58 | €137,915 | €233,138 | +€95,223 | +69.0% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €36,774 | €16,861 | -€19,913 | -54.2% |
| Trade receivables | 40 | €36,774 | €16,861 | -€19,913 | -54.2% |
| Current investments | 50/53 | - | €19,000 | +€19,000 | |
| Cash at bank and in hand | 54/58 | €100,354 | €175,490 | +€75,136 | +74.9% |
| Deferred charges and accrued income | 490/1 | €787 | €1,787 | +€1,001 | +127% |
| Total equity and liabilities | 10/49 | €142,981 | €239,994 | +€97,013 | +67.9% |
| Equity | 10/15 | €99,764 | €177,608 | +€77,844 | +78.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,264 | €175,108 | +€77,844 | +80.0% |
| Amounts payable | 17/49 | €43,217 | €62,386 | +€19,169 | +44.4% |
| Amounts payable within one year | 42/48 | €43,217 | €62,386 | +€19,169 | +44.4% |
| Trade debts | 44 | €2,726 | €0 | -€2,726 | -100% |
| Suppliers | 440/4 | €2,726 | €0 | -€2,726 | -100% |
| Taxes, remuneration and social security | 45 | €39,740 | €61,059 | +€21,319 | +53.6% |
| Taxes | 450/3 | €37,815 | €59,134 | +€21,319 | +56.4% |
| Remuneration and social security | 454/9 | €1,925 | €1,925 | = | 0.0% |
| Other amounts payable | 47/48 | €750 | €1,326 | +€576 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €1,475 | +€803 | +119% |
| Other operating charges | 640/8 | €1,008 | €738 | -€270 | -26.8% |
| Gross operating margin | 9900 | €126,148 | €101,289 | -€24,859 | -19.7% |
| Operating profit (loss) | 9901 | €124,467 | €99,075 | -€25,392 | -20.4% |
| Financial income | 75/76B | - | €195 | +€195 | |
| Recurring financial income | 75 | - | €195 | +€195 | |
| Financial charges | 65/66B | €36 | €97 | +€61 | +169% |
| Recurring financial charges | 65 | €36 | €97 | +€61 | +169% |
| Profit (loss) for the period before taxes | 9903 | €124,431 | €99,173 | -€25,258 | -20.3% |
| Income taxes | 67/77 | €27,167 | €21,329 | -€5,838 | -21.5% |
| Profit (loss) for the period | 9904 | €97,264 | €77,844 | -€19,420 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,264 | €77,844 | -€19,420 | -20.0% |
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 26 October 2026 via checked.be.