Daphné Meeus: 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.
Daphné Meeus
Largest movements
- Stocks and contracts -€31,400
down €31,400 (-100%), from €31,400 to €0
- Receivables within one year -€7,982
down €7,982 (-91.2%), from €8,749 to €767
of which Other amounts receivable: -€6,455
- Cash +€3,714
up €3,714 (+45.4%), from €8,176 to €11,889
mainly Stocks and contracts (+€31,400) and Net result for the year (+€18,126)
- Tangible fixed assets +€1,822
up €1,822 (+72.8%), from €2,504 to €4,326
- Trade debts -€45,523
down €45,523 (-84.1%), from €54,157 to €8,633
- Profit (loss) carried forward +€18,126
up €18,126 (+60.0%), from -€30,193 to -€12,067
- Other debts -€7,376
down €7,376 (-42.1%), from €17,535 to €10,160
- Tax, wage and social debts +€775
up €775 (+10.3%), from €7,542 to €8,317
- Gross operating margin +€22,150
up €22,150, from -€2,662 to €19,488
- Depreciation +€1,460
up €1,460 (+695%), from €210 to €1,670
- Financial income +€1,140
up €1,140 (+114,014%), from €1 to €1,141
- Other operating charges -€810
down €810 (-94.6%), from €857 to €46
- Financial charges +€263
up €263 (+50.1%), from €524 to €787
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 | €51,041 | €17,043 | -€33,998 | -66.6% |
| Fixed assets | 21/28 | €2,504 | €4,326 | +€1,822 | +72.8% |
| Tangible fixed assets | 22/27 | €2,504 | €4,326 | +€1,822 | +72.8% |
| Furniture and vehicles | 24 | €2,504 | €4,326 | +€1,822 | +72.8% |
| Current assets | 29/58 | €48,537 | €12,717 | -€35,821 | -73.8% |
| Stocks and contracts in progress | 3 | €31,400 | €0 | -€31,400 | -100% |
| Stocks | 30/36 | €31,400 | €0 | -€31,400 | -100% |
| Amounts receivable within one year | 40/41 | €8,749 | €767 | -€7,982 | -91.2% |
| Trade receivables | 40 | €2,294 | €767 | -€1,527 | -66.6% |
| Other amounts receivable | 41 | €6,455 | €0 | -€6,455 | -100% |
| Cash at bank and in hand | 54/58 | €8,176 | €11,889 | +€3,714 | +45.4% |
| Deferred charges and accrued income | 490/1 | €212 | €60 | -€152 | -71.7% |
| Total equity and liabilities | 10/49 | €51,041 | €17,043 | -€33,998 | -66.6% |
| Equity | 10/15 | -€28,193 | -€10,067 | +€18,126 | +64.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,193 | -€12,067 | +€18,126 | +60.0% |
| Amounts payable | 17/49 | €79,234 | €27,110 | -€52,124 | -65.8% |
| Amounts payable within one year | 42/48 | €79,234 | €27,110 | -€52,124 | -65.8% |
| Trade debts | 44 | €54,157 | €8,633 | -€45,523 | -84.1% |
| Suppliers | 440/4 | €54,157 | €8,633 | -€45,523 | -84.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,542 | €8,317 | +€775 | +10.3% |
| Taxes | 450/3 | €7,542 | €8,317 | +€775 | +10.3% |
| Other amounts payable | 47/48 | €17,535 | €10,160 | -€7,376 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €1,670 | +€1,460 | +695% |
| Other operating charges | 640/8 | €857 | €46 | -€810 | -94.6% |
| Gross operating margin | 9900 | -€2,662 | €19,488 | +€22,150 | |
| Operating profit (loss) | 9901 | -€3,729 | €17,772 | +€21,501 | |
| Financial income | 75/76B | €1 | €1,141 | +€1,140 | +114,014% |
| Recurring financial income | 75 | €1 | €1,141 | +€1,140 | +114,014% |
| Financial charges | 65/66B | €524 | €787 | +€263 | +50.1% |
| Recurring financial charges | 65 | €524 | €787 | +€263 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,252 | €18,126 | +€22,378 | |
| Profit (loss) for the period | 9904 | -€4,252 | €18,126 | +€22,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,252 | €18,126 | +€22,378 |
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 16 October 2026 via checked.be.