David Meeus Architecten: 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.
David Meeus Architecten
Largest movements
- Receivables within one year +€29,800
up €29,800 (+120%), from €24,783 to €54,583
of which Trade receivables: +€26,666
- Financial fixed assets +€22,839
up €22,839 (+76.9%), from €29,685 to €52,524
- Cash -€11,431
down €11,431 (-29.3%), from €39,040 to €27,609
mainly Investment in fixed assets (net) (-€33,862) and Receivables within one year (-€29,800)
- Tangible fixed assets +€8,508
up €8,508 (+1,076%), from €791 to €9,299
of which Other tangible fixed assets: +€7,627
- Deferred charges and accrued income +€2,614
up €2,614, from €0 to €2,614
- Profit (loss) carried forward +€25,708
up €25,708 (+34.3%), from €74,983 to €100,691
- Trade debts +€9,529
up €9,529 (+315%), from €3,030 to €12,559
- Other debts +€7,839
up €7,839, from €0 to €7,839
- Debts after one year +€7,500
new in 2025: €7,500
- Gross operating margin -€2,636
down €2,636 (-6.4%), from €40,881 to €38,245
- Depreciation +€1,776
up €1,776 (+240%), from €739 to €2,515
- Other operating charges -€1,750
down €1,750 (-66.1%), from €2,646 to €896
- Taxes +€1,226
up €1,226 (+14.2%), from €8,610 to €9,836
- Financial income +€1,064
up €1,064 (+2,128,820%), from €0 to €1,064
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 | €94,298 | €146,629 | +€52,331 | +55.5% |
| Fixed assets | 21/28 | €30,475 | €61,823 | +€31,347 | +103% |
| Tangible fixed assets | 22/27 | €791 | €9,299 | +€8,508 | +1,076% |
| Plant, machinery and equipment | 23 | - | €1,619 | +€1,619 | |
| Furniture and vehicles | 24 | €791 | €53 | -€738 | -93.3% |
| Other tangible fixed assets | 26 | - | €7,627 | +€7,627 | |
| Financial fixed assets | 28 | €29,685 | €52,524 | +€22,839 | +76.9% |
| Current assets | 29/58 | €63,823 | €84,806 | +€20,983 | +32.9% |
| Amounts receivable within one year | 40/41 | €24,783 | €54,583 | +€29,800 | +120% |
| Trade receivables | 40 | €18,783 | €45,449 | +€26,666 | +142% |
| Other amounts receivable | 41 | €6,000 | €9,134 | +€3,134 | +52.2% |
| Cash at bank and in hand | 54/58 | €39,040 | €27,609 | -€11,431 | -29.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,614 | +€2,614 | |
| Total equity and liabilities | 10/49 | €94,298 | €146,629 | +€52,331 | +55.5% |
| Equity | 10/15 | €76,483 | €102,191 | +€25,708 | +33.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,983 | €100,691 | +€25,708 | +34.3% |
| Amounts payable | 17/49 | €17,815 | €44,438 | +€26,622 | +149% |
| Amounts payable after more than one year | 17 | - | €7,500 | +€7,500 | |
| Financial debts | 170/4 | - | €7,500 | +€7,500 | |
| Amounts payable within one year | 42/48 | €17,815 | €36,938 | +€19,122 | +107% |
| Current portion of amounts payable after more than one year | 42 | €1,378 | €1,709 | +€331 | +24.0% |
| Financial debts | 43 | €0 | €103 | +€103 | |
| Credit institutions | 430/8 | €0 | €103 | +€103 | |
| Trade debts | 44 | €3,030 | €12,559 | +€9,529 | +315% |
| Suppliers | 440/4 | €3,030 | €12,559 | +€9,529 | +315% |
| Advances received on contracts in progress | 46 | - | €302 | +€302 | |
| Taxes, remuneration and social security | 45 | €13,407 | €14,425 | +€1,018 | +7.6% |
| Taxes | 450/3 | €13,407 | €14,294 | +€887 | +6.6% |
| Remuneration and social security | 454/9 | - | €131 | +€131 | |
| Other amounts payable | 47/48 | €0 | €7,839 | +€7,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €739 | €2,515 | +€1,776 | +240% |
| Other operating charges | 640/8 | €2,646 | €896 | -€1,750 | -66.1% |
| Gross operating margin | 9900 | €40,881 | €38,245 | -€2,636 | -6.4% |
| Operating profit (loss) | 9901 | €37,496 | €34,834 | -€2,662 | -7.1% |
| Financial income | 75/76B | €0 | €1,064 | +€1,064 | +2,128,820% |
| Recurring financial income | 75 | €0 | €1,064 | +€1,064 | +2,128,820% |
| Financial charges | 65/66B | €88 | €354 | +€266 | +301% |
| Recurring financial charges | 65 | €88 | €354 | +€266 | +301% |
| Profit (loss) for the period before taxes | 9903 | €37,407 | €35,544 | -€1,863 | -5.0% |
| Income taxes | 67/77 | €8,610 | €9,836 | +€1,226 | +14.2% |
| Profit (loss) for the period | 9904 | €28,797 | €25,708 | -€3,089 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,797 | €25,708 | -€3,089 | -10.7% |
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 22 October 2026 via checked.be.