DE MEANDER: 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 MEANDER
Largest movements
- Receivables within one year +€32,083
up €32,083 (+4,767%), from €673 to €32,756
of which Trade receivables: +€32,469
- Cash -€2,541
down €2,541 (-49.2%), from €5,162 to €2,620
mainly Receivables within one year (-€32,083) and Net result for the year (-€1,283)
- Trade debts +€30,598
up €30,598 (+683%), from €4,481 to €35,079
- Profit (loss) carried forward -€1,283
down €1,283 (-8.7%), from -€14,698 to -€15,982
- Tax, wage and social debts +€620
up €620 (+15.3%), from €4,066 to €4,686
of which Taxes: +€620
- Other debts -€562
down €562 (-4.8%), from €11,765 to €11,203
- Gross operating margin -€4,497
down €4,497, from €4,238 to -€259
- Depreciation -€657
down €657 (-70.4%), from €933 to €276
- Financial income -€108
down €108 (-98.8%), from €110 to €1
- Other operating charges +€80
up €80 (+13.8%), from €577 to €657
- Financial charges +€73
up €73 (+380%), from €19 to €92
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 | €11,814 | €41,187 | +€29,373 | +249% |
| Fixed assets | 21/28 | €1,414 | €1,138 | -€276 | -19.5% |
| Tangible fixed assets | 22/27 | €614 | €338 | -€276 | -44.9% |
| Land and buildings | 22 | €492 | €338 | -€154 | -31.3% |
| Plant, machinery and equipment | 23 | €122 | €0 | -€122 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €10,399 | €40,049 | +€29,649 | +285% |
| Stocks and contracts in progress | 3 | €4,337 | €4,435 | +€98 | +2.3% |
| Stocks | 30/36 | €4,337 | €4,435 | +€98 | +2.3% |
| Amounts receivable within one year | 40/41 | €673 | €32,756 | +€32,083 | +4,767% |
| Trade receivables | 40 | €245 | €32,714 | +€32,469 | +13,243% |
| Other amounts receivable | 41 | €428 | €42 | -€386 | -90.2% |
| Cash at bank and in hand | 54/58 | €5,162 | €2,620 | -€2,541 | -49.2% |
| Deferred charges and accrued income | 490/1 | €227 | €237 | +€10 | +4.3% |
| Total equity and liabilities | 10/49 | €11,814 | €41,187 | +€29,373 | +249% |
| Equity | 10/15 | -€8,498 | -€9,782 | -€1,283 | -15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,698 | -€15,982 | -€1,283 | -8.7% |
| Amounts payable | 17/49 | €20,312 | €50,968 | +€30,656 | +151% |
| Amounts payable within one year | 42/48 | €20,312 | €50,968 | +€30,656 | +151% |
| Trade debts | 44 | €4,481 | €35,079 | +€30,598 | +683% |
| Suppliers | 440/4 | €4,481 | €35,079 | +€30,598 | +683% |
| Taxes, remuneration and social security | 45 | €4,066 | €4,686 | +€620 | +15.3% |
| Taxes | 450/3 | €2,316 | €2,936 | +€620 | +26.8% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €11,765 | €11,203 | -€562 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €276 | -€657 | -70.4% |
| Other operating charges | 640/8 | €577 | €657 | +€80 | +13.8% |
| Gross operating margin | 9900 | €4,238 | -€259 | -€4,497 | |
| Operating profit (loss) | 9901 | €2,728 | -€1,192 | -€3,920 | |
| Financial income | 75/76B | €110 | €1 | -€108 | -98.8% |
| Recurring financial income | 75 | €110 | €1 | -€108 | -98.8% |
| Financial charges | 65/66B | €19 | €92 | +€73 | +380% |
| Recurring financial charges | 65 | €19 | €92 | +€73 | +380% |
| Profit (loss) for the period before taxes | 9903 | €2,818 | -€1,283 | -€4,101 | |
| Profit (loss) for the period | 9904 | €2,818 | -€1,283 | -€4,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,818 | -€1,283 | -€4,101 |
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 18 October 2026 via checked.be.