DE MEERVAL: 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 MEERVAL
Largest movements
- Tangible fixed assets -€9,065
down €9,065 (-7.2%), from €125,409 to €116,343
of which Land and buildings: -€9,065
- Deferred charges and accrued income +€2,639
up €2,639 (+455%), from €580 to €3,219
- Debts after one year -€12,372
down €12,372 (-18.4%), from €67,059 to €54,687
of which Financial debts: -€13,272
- Reserves +€6,980
up €6,980 (+16.2%), from €43,149 to €50,129
of which Distributable reserves: +€6,980
- Other debts -€2,516
down €2,516 (-27.6%), from €9,124 to €6,608
- Tax, wage and social debts +€1,761
up €1,761 (+112%), from €1,570 to €3,331
of which Taxes: +€1,761
- Trade debts +€1,614
up €1,614 (+38.0%), from €4,251 to €5,866
- Depreciation -€2,944
down €2,944 (-24.5%), from €12,010 to €9,065
- Gross operating margin +€2,060
up €2,060 (+9.2%), from €22,479 to €24,539
- Other operating charges +€1,128
up €1,128 (+27.2%), from €4,150 to €5,278
- Taxes +€701
up €701 (+549%), from €128 to €828
- Financial charges -€353
down €353 (-12.2%), from €2,891 to €2,538
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 | €148,644 | €142,614 | -€6,031 | -4.1% |
| Fixed assets | 21/28 | €125,519 | €116,453 | -€9,065 | -7.2% |
| Tangible fixed assets | 22/27 | €125,409 | €116,343 | -€9,065 | -7.2% |
| Land and buildings | 22 | €125,408 | €116,343 | -€9,065 | -7.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €23,126 | €26,160 | +€3,035 | +13.1% |
| Stocks and contracts in progress | 3 | €21,300 | €21,839 | +€538 | +2.5% |
| Stocks | 30/36 | €21,300 | €21,839 | +€538 | +2.5% |
| Amounts receivable within one year | 40/41 | €377 | €57 | -€320 | -85.0% |
| Other amounts receivable | 41 | €377 | €57 | -€320 | -85.0% |
| Cash at bank and in hand | 54/58 | €869 | €1,046 | +€178 | +20.4% |
| Deferred charges and accrued income | 490/1 | €580 | €3,219 | +€2,639 | +455% |
| Total equity and liabilities | 10/49 | €148,644 | €142,614 | -€6,031 | -4.1% |
| Equity | 10/15 | €51,556 | €58,536 | +€6,980 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,149 | €50,129 | +€6,980 | +16.2% |
| Tax-exempt reserves | 132 | €32,230 | €32,230 | = | 0.0% |
| Distributable reserves | 133 | €10,919 | €17,899 | +€6,980 | +63.9% |
| Profit (loss) carried forward | 14 | -€10,193 | -€10,193 | = | 0.0% |
| Amounts payable | 17/49 | €97,089 | €84,078 | -€13,010 | -13.4% |
| Amounts payable after more than one year | 17 | €67,059 | €54,687 | -€12,372 | -18.4% |
| Financial debts | 170/4 | €64,159 | €50,887 | -€13,272 | -20.7% |
| Other amounts payable | 178/9 | €2,900 | €3,800 | +€900 | +31.0% |
| Amounts payable within one year | 42/48 | €29,096 | €29,077 | -€19 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €14,151 | €13,272 | -€879 | -6.2% |
| Trade debts | 44 | €4,251 | €5,866 | +€1,614 | +38.0% |
| Suppliers | 440/4 | €4,251 | €5,866 | +€1,614 | +38.0% |
| Taxes, remuneration and social security | 45 | €1,570 | €3,331 | +€1,761 | +112% |
| Taxes | 450/3 | €320 | €2,081 | +€1,761 | +550% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €9,124 | €6,608 | -€2,516 | -27.6% |
| Accrued charges and deferred income | 492/3 | €934 | €314 | -€620 | -66.4% |
| Non-recurring operating income | 76A | €300 | €0 | -€300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,010 | €9,065 | -€2,944 | -24.5% |
| Other operating charges | 640/8 | €4,150 | €5,278 | +€1,128 | +27.2% |
| Gross operating margin | 9900 | €22,479 | €24,539 | +€2,060 | +9.2% |
| Operating profit (loss) | 9901 | €6,320 | €10,196 | +€3,877 | +61.3% |
| Financial income | 75/76B | €75 | €150 | +€75 | +99.4% |
| Recurring financial income | 75 | €75 | €150 | +€75 | +99.4% |
| Financial charges | 65/66B | €2,891 | €2,538 | -€353 | -12.2% |
| Recurring financial charges | 65 | €2,891 | €2,538 | -€353 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €3,504 | €7,808 | +€4,304 | +123% |
| Income taxes | 67/77 | €128 | €828 | +€701 | +549% |
| Profit (loss) for the period | 9904 | €3,376 | €6,980 | +€3,604 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €3,376 | €6,980 | +€3,604 | +107% |
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 19 October 2026 via checked.be.