DE BACKER - MEYNS: 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.
DE BACKER - MEYNS
Largest movements
- Receivables within one year +€140,625
up €140,625 (+45.6%), from €308,405 to €449,031
of which Trade receivables: +€134,257
- Cash +€11,816
up €11,816 (+59.5%), from €19,862 to €31,677
mainly Net result for the year (+€65,822) and Trade debts (+€57,759)
- Tangible fixed assets -€9,921
down €9,921 (-23.4%), from €42,432 to €32,511
of which Plant, machinery and equipment: -€9,873
- Stocks and contracts -€8,268
down €8,268 (-47.0%), from €17,600 to €9,332
- Trade debts +€57,759
up €57,759 (+19.8%), from €291,664 to €349,422
- Reserves +€38,390
up €38,390 (+157%), from €24,400 to €62,790
- Tax, wage and social debts +€28,294
up €28,294 (+144%), from €19,688 to €47,982
of which Taxes: +€28,783
- Profit (loss) carried forward +€27,432
up €27,432, from -€27,427 to €5
- Advances received -€12,340
down €12,340 (-71.4%), from €17,282 to €4,942
- Gross operating margin +€93,260
up €93,260 (+71.5%), from €130,386 to €223,646
- Financial income +€50,902
up €50,902 (+3,255%), from €1,564 to €52,465
of which Non-recurring financial income: +€38,487
- Taxes +€26,394
up €26,394 (+17,588%), from €150 to €26,545
- Staff costs +€13,369
up €13,369 (+12.9%), from €103,381 to €116,750
- Write-downs +€9,931
up €9,931 (+29.9%), from €33,224 to €43,155
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 | €400,108 | €533,711 | +€133,603 | +33.4% |
| Fixed assets | 21/28 | €49,939 | €39,018 | -€10,921 | -21.9% |
| Intangible fixed assets | 21 | €7,507 | €6,507 | -€1,000 | -13.3% |
| Tangible fixed assets | 22/27 | €42,432 | €32,511 | -€9,921 | -23.4% |
| Plant, machinery and equipment | 23 | €25,381 | €15,508 | -€9,873 | -38.9% |
| Furniture and vehicles | 24 | €17,051 | €17,003 | -€48 | -0.3% |
| Current assets | 29/58 | €350,169 | €494,693 | +€144,524 | +41.3% |
| Stocks and contracts in progress | 3 | €17,600 | €9,332 | -€8,268 | -47.0% |
| Stocks | 30/36 | €17,600 | €9,332 | -€8,268 | -47.0% |
| Amounts receivable within one year | 40/41 | €308,405 | €449,031 | +€140,625 | +45.6% |
| Trade receivables | 40 | €307,406 | €441,663 | +€134,257 | +43.7% |
| Other amounts receivable | 41 | €1,000 | €7,368 | +€6,368 | +637% |
| Cash at bank and in hand | 54/58 | €19,862 | €31,677 | +€11,816 | +59.5% |
| Deferred charges and accrued income | 490/1 | €4,303 | €4,653 | +€351 | +8.2% |
| Total equity and liabilities | 10/49 | €400,108 | €533,711 | +€133,603 | +33.4% |
| Equity | 10/15 | €9,373 | €75,195 | +€65,822 | +702% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,400 | €62,790 | +€38,390 | +157% |
| Distributable reserves | 133 | €24,400 | €62,790 | +€38,390 | +157% |
| Profit (loss) carried forward | 14 | -€27,427 | €5 | +€27,432 | |
| Amounts payable | 17/49 | €390,736 | €458,517 | +€67,781 | +17.3% |
| Amounts payable after more than one year | 17 | €34,931 | €29,966 | -€4,965 | -14.2% |
| Financial debts | 170/4 | €34,931 | €29,966 | -€4,965 | -14.2% |
| Amounts payable within one year | 42/48 | €355,805 | €428,551 | +€72,746 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €14,731 | €11,863 | -€2,869 | -19.5% |
| Trade debts | 44 | €291,664 | €349,422 | +€57,759 | +19.8% |
| Suppliers | 440/4 | €291,664 | €349,422 | +€57,759 | +19.8% |
| Advances received on contracts in progress | 46 | €17,282 | €4,942 | -€12,340 | -71.4% |
| Taxes, remuneration and social security | 45 | €19,688 | €47,982 | +€28,294 | +144% |
| Taxes | 450/3 | €2,862 | €31,645 | +€28,783 | +1,006% |
| Remuneration and social security | 454/9 | €16,825 | €16,337 | -€489 | -2.9% |
| Other amounts payable | 47/48 | €12,440 | €14,341 | +€1,902 | +15.3% |
| Remuneration, social security and pensions | 62 | €103,381 | €116,750 | +€13,369 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,699 | €15,863 | -€2,836 | -15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,224 | €43,155 | +€9,931 | +29.9% |
| Other operating charges | 640/8 | €2,965 | €5,249 | +€2,284 | +77.1% |
| Gross operating margin | 9900 | €130,386 | €223,646 | +€93,260 | +71.5% |
| Operating profit (loss) | 9901 | -€27,883 | €42,629 | +€70,511 | |
| Financial income | 75/76B | €1,564 | €52,465 | +€50,902 | +3,255% |
| Recurring financial income | 75 | €1,564 | €13,978 | +€12,414 | +794% |
| Non-recurring financial income | 76B | - | €38,487 | +€38,487 | |
| Financial charges | 65/66B | €1,730 | €2,728 | +€997 | +57.6% |
| Recurring financial charges | 65 | €1,730 | €2,728 | +€997 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,049 | €92,367 | +€120,416 | |
| Income taxes | 67/77 | €150 | €26,545 | +€26,394 | +17,588% |
| Profit (loss) for the period | 9904 | -€28,199 | €65,822 | +€94,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,199 | €65,822 | +€94,021 |
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 22 October 2026 via checked.be.