CEDRIC MEURIS: 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.
CEDRIC MEURIS
Largest movements
- Receivables within one year -€15,229
down €15,229 (-19.2%), from €79,277 to €64,048
of which Other amounts receivable: -€15,111
- Cash -€3,818
down €3,818 (-95.4%), from €4,002 to €184
mainly Net result for the year (-€18,996) and Current portion of long-term debt (-€1,684)
- Profit (loss) carried forward -€18,996
down €18,996 (-25.5%), from €74,367 to €55,372
- Current portion of long-term debt -€1,684
down €1,684 (-100%), from €1,684 to €0
- Gross operating margin +€5,573
up €5,573 (+21.9%), from -€25,417 to -€19,844
- Financial income -€843
down €843 (-27.8%), from €3,030 to €2,188
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 | €84,109 | €64,262 | -€19,847 | -23.6% |
| Fixed assets | 21/28 | €831 | €31 | -€800 | -96.3% |
| Tangible fixed assets | 22/27 | €831 | €31 | -€800 | -96.3% |
| Furniture and vehicles | 24 | €831 | €31 | -€800 | -96.3% |
| Current assets | 29/58 | €83,278 | €64,232 | -€19,047 | -22.9% |
| Amounts receivable within one year | 40/41 | €79,277 | €64,048 | -€15,229 | -19.2% |
| Trade receivables | 40 | €118 | €0 | -€118 | -100% |
| Other amounts receivable | 41 | €79,158 | €64,048 | -€15,111 | -19.1% |
| Cash at bank and in hand | 54/58 | €4,002 | €184 | -€3,818 | -95.4% |
| Total equity and liabilities | 10/49 | €84,109 | €64,262 | -€19,847 | -23.6% |
| Equity | 10/15 | €82,425 | €63,429 | -€18,996 | -23.0% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,367 | €55,372 | -€18,996 | -25.5% |
| Amounts payable | 17/49 | €1,684 | €833 | -€851 | -50.5% |
| Amounts payable within one year | 42/48 | €1,684 | €833 | -€851 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €1,684 | €0 | -€1,684 | -100% |
| Trade debts | 44 | - | €833 | +€833 | |
| Suppliers | 440/4 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €800 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€25,417 | -€19,844 | +€5,573 | +21.9% |
| Operating profit (loss) | 9901 | -€26,604 | -€21,044 | +€5,560 | +20.9% |
| Financial income | 75/76B | €3,030 | €2,188 | -€843 | -27.8% |
| Recurring financial income | 75 | €3,030 | €2,188 | -€843 | -27.8% |
| Financial charges | 65/66B | €263 | €140 | -€123 | -46.8% |
| Recurring financial charges | 65 | €263 | €140 | -€123 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,837 | -€18,996 | +€4,841 | +20.3% |
| Profit (loss) for the period | 9904 | -€23,837 | -€18,996 | +€4,841 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,837 | -€18,996 | +€4,841 | +20.3% |
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 23 October 2026 via checked.be.