CLEMENT DE MEERSMAN: 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.
CLEMENT DE MEERSMAN
Largest movements
- Current investments -€105,000
down €105,000 (-100%), from €105,000 to €0
- Cash +€35,658
up €35,658 (+26.4%), from €135,308 to €170,966
mainly Current investments (+€105,000) and Depreciation (+€41,637)
- Reserves -€28,602
down €28,602 (-3.7%), from €767,861 to €739,259
of which Distributable reserves: -€23,819
- Other debts -€25,885
down €25,885 (-5.6%), from €458,955 to €433,070
- Gross operating margin -€24,384
down €24,384 (-31.1%), from €78,406 to €54,023
- Other operating charges +€5,273
up €5,273 (+81.8%), from €6,446 to €11,719
- Taxes -€3,311
down €3,311 (-87.3%), from €3,794 to €483
- Financial income -€868
down €868 (-29.1%), from €2,980 to €2,112
- Financial charges +€793
up €793 (+2.5%), from €31,699 to €32,492
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 | €1,338,406 | €1,268,252 | -€70,153 | -5.2% |
| Fixed assets | 21/28 | €1,084,240 | €1,084,725 | +€484 | 0.0% |
| Tangible fixed assets | 22/27 | €1,084,240 | €1,084,725 | +€484 | 0.0% |
| Land and buildings | 22 | €1,083,120 | €1,043,927 | -€39,192 | -3.6% |
| Furniture and vehicles | 24 | €1,121 | €40,797 | +€39,677 | +3,540% |
| Current assets | 29/58 | €254,165 | €183,528 | -€70,638 | -27.8% |
| Amounts receivable within one year | 40/41 | €11,692 | €8,933 | -€2,760 | -23.6% |
| Trade receivables | 40 | €4,592 | €3,933 | -€660 | -14.4% |
| Other amounts receivable | 41 | €7,100 | €5,000 | -€2,100 | -29.6% |
| Current investments | 50/53 | €105,000 | €0 | -€105,000 | -100% |
| Cash at bank and in hand | 54/58 | €135,308 | €170,966 | +€35,658 | +26.4% |
| Deferred charges and accrued income | 490/1 | €2,165 | €3,629 | +€1,464 | +67.6% |
| Total equity and liabilities | 10/49 | €1,338,406 | €1,268,252 | -€70,153 | -5.2% |
| Equity | 10/15 | €786,461 | €757,859 | -€28,602 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €767,861 | €739,259 | -€28,602 | -3.7% |
| Tax-exempt reserves | 132 | €189,375 | €184,591 | -€4,783 | -2.5% |
| Distributable reserves | 133 | €578,487 | €554,668 | -€23,819 | -4.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €63,125 | €61,530 | -€1,594 | -2.5% |
| Deferred taxes | 168 | €63,125 | €61,530 | -€1,594 | -2.5% |
| Amounts payable | 17/49 | €488,819 | €448,863 | -€39,957 | -8.2% |
| Amounts payable after more than one year | 17 | €9,767 | €0 | -€9,767 | -100% |
| Financial debts | 170/4 | €9,767 | €0 | -€9,767 | -100% |
| Amounts payable within one year | 42/48 | €479,052 | €448,333 | -€30,720 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €13,007 | €9,767 | -€3,240 | -24.9% |
| Financial debts | 43 | - | €1,476 | +€1,476 | |
| Credit institutions | 430/8 | - | €1,476 | +€1,476 | |
| Trade debts | 44 | €3,654 | €998 | -€2,655 | -72.7% |
| Suppliers | 440/4 | €3,654 | €998 | -€2,655 | -72.7% |
| Taxes, remuneration and social security | 45 | €3,436 | €3,021 | -€415 | -12.1% |
| Taxes | 450/3 | €3,436 | €3,021 | -€415 | -12.1% |
| Other amounts payable | 47/48 | €458,955 | €433,070 | -€25,885 | -5.6% |
| Accrued charges and deferred income | 492/3 | - | €530 | +€530 | |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,100 | €41,637 | -€463 | -1.1% |
| Other operating charges | 640/8 | €6,446 | €11,719 | +€5,273 | +81.8% |
| Gross operating margin | 9900 | €78,406 | €54,023 | -€24,384 | -31.1% |
| Operating profit (loss) | 9901 | €29,861 | €667 | -€29,194 | -97.8% |
| Financial income | 75/76B | €2,980 | €2,112 | -€868 | -29.1% |
| Recurring financial income | 75 | €2,980 | €2,112 | -€868 | -29.1% |
| Financial charges | 65/66B | €31,699 | €32,492 | +€793 | +2.5% |
| Recurring financial charges | 65 | €31,699 | €32,492 | +€793 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €1,142 | -€29,714 | -€30,856 | |
| Transfer from deferred taxes | 780 | €1,839 | €1,594 | -€244 | -13.3% |
| Income taxes | 67/77 | €3,794 | €483 | -€3,311 | -87.3% |
| Profit (loss) for the period | 9904 | -€813 | -€28,602 | -€27,789 | -3,417% |
| Transfer from tax-exempt reserves | 789 | €5,516 | €4,783 | -€733 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,703 | -€23,819 | -€28,521 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.