Conny Meeusen: 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.
Conny Meeusen
Largest movements
- Cash +€82,270
up €82,270 (+32.6%), from €252,141 to €334,411
mainly Net result for the year (+€89,411) and Other debts (+€4,416)
- Reserves +€89,411
up €89,411 (+40.8%), from €219,173 to €308,584
- Tax, wage and social debts -€8,126
down €8,126 (-33.6%), from €24,208 to €16,083
- Other debts +€4,416
up €4,416 (+32.5%), from €13,579 to €17,995
- Gross operating margin +€6,259
up €6,259 (+5.7%), from €109,138 to €115,397
- Financial income -€3,537
down €3,537 (-99.5%), from €3,555 to €18
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 | €260,033 | €345,109 | +€85,076 | +32.7% |
| Fixed assets | 21/28 | €2,749 | €5,170 | +€2,420 | +88.0% |
| Tangible fixed assets | 22/27 | €2,749 | €5,170 | +€2,420 | +88.0% |
| Plant, machinery and equipment | 23 | €1,561 | €922 | -€639 | -40.9% |
| Furniture and vehicles | 24 | €1,189 | €917 | -€272 | -22.9% |
| Other tangible fixed assets | 26 | - | €3,331 | +€3,331 | |
| Current assets | 29/58 | €257,284 | €339,940 | +€82,656 | +32.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €252,141 | €334,411 | +€82,270 | +32.6% |
| Deferred charges and accrued income | 490/1 | €5,143 | €5,528 | +€386 | +7.5% |
| Total equity and liabilities | 10/49 | €260,033 | €345,109 | +€85,076 | +32.7% |
| Equity | 10/15 | €221,173 | €310,584 | +€89,411 | +40.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €219,173 | €308,584 | +€89,411 | +40.8% |
| Distributable reserves | 133 | €219,173 | €308,584 | +€89,411 | +40.8% |
| Amounts payable | 17/49 | €38,861 | €34,525 | -€4,335 | -11.2% |
| Amounts payable within one year | 42/48 | €38,861 | €34,525 | -€4,335 | -11.2% |
| Trade debts | 44 | €1,073 | €447 | -€626 | -58.3% |
| Suppliers | 440/4 | €1,073 | €447 | -€626 | -58.3% |
| Taxes, remuneration and social security | 45 | €24,208 | €16,083 | -€8,126 | -33.6% |
| Taxes | 450/3 | €24,208 | €16,083 | -€8,126 | -33.6% |
| Other amounts payable | 47/48 | €13,579 | €17,995 | +€4,416 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €992 | +€23 | +2.4% |
| Other operating charges | 640/8 | €505 | €896 | +€391 | +77.3% |
| Gross operating margin | 9900 | €109,138 | €115,397 | +€6,259 | +5.7% |
| Operating profit (loss) | 9901 | €107,663 | €113,509 | +€5,845 | +5.4% |
| Financial income | 75/76B | €3,555 | €18 | -€3,537 | -99.5% |
| Recurring financial income | 75 | €3,555 | €18 | -€3,537 | -99.5% |
| Financial charges | 65/66B | €44 | €86 | +€42 | +97.4% |
| Recurring financial charges | 65 | €44 | €86 | +€42 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €111,175 | €113,441 | +€2,266 | +2.0% |
| Income taxes | 67/77 | €23,256 | €24,030 | +€774 | +3.3% |
| Profit (loss) for the period | 9904 | €87,919 | €89,411 | +€1,492 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,919 | €89,411 | +€1,492 | +1.7% |
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.