DE MEESTER: 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 MEESTER
Largest movements
- Cash +€163,704
up €163,704 (+184.9%), from €88,542 to €252,245
mainly Net result for the year (+€106,880) and Other debts (+€44,559)
- Stocks and contracts -€27,412
down €27,412 (-27.2%), from €100,683 to €73,271
- Receivables within one year -€9,558
down €9,558 (-17.3%), from €55,210 to €45,652
of which Other amounts receivable: -€28,209
- Reserves +€47,321
up €47,321 (+22.9%), from €206,935 to €254,256
- Other debts +€44,559
up €44,559 (+297.1%), from €15,000 to €59,559
- Tax, wage and social debts +€30,079
up €30,079 (+107.4%), from €28,001 to €58,080
of which Taxes: +€30,637
- Trade debts +€10,487
up €10,487 (+88.8%), from €11,805 to €22,293
- Debts after one year -€7,568
down €7,568 (-19.4%), from €38,986 to €31,418
- Gross operating margin +€96,692
up €96,692 (+42.1%), from €229,504 to €326,197
- Taxes +€33,619
up €33,619 (+166.7%), from €20,171 to €53,790
- Staff costs +€5,742
up €5,742 (+4.5%), from €127,168 to €132,910
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.
Cash bridge derived
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 | €357,954 | €479,897 | +€121,943 | +34.1% |
| Fixed assets | 21/28 | €109,601 | €105,614 | -€3,987 | -3.6% |
| Tangible fixed assets | 22/27 | €109,601 | €105,614 | -€3,987 | -3.6% |
| Plant, machinery and equipment | 23 | €9,157 | €11,212 | +€2,055 | +22.4% |
| Furniture and vehicles | 24 | €100,444 | €94,402 | -€6,042 | -6.0% |
| Current assets | 29/58 | €248,352 | €374,283 | +€125,931 | +50.7% |
| Stocks and contracts in progress | 3 | €100,683 | €73,271 | -€27,412 | -27.2% |
| Stocks | 30/36 | €100,683 | €73,271 | -€27,412 | -27.2% |
| Amounts receivable within one year | 40/41 | €55,210 | €45,652 | -€9,558 | -17.3% |
| Trade receivables | 40 | €13,999 | €32,650 | +€18,651 | +133.2% |
| Other amounts receivable | 41 | €41,211 | €13,002 | -€28,209 | -68.5% |
| Cash at bank and in hand | 54/58 | €88,542 | €252,245 | +€163,704 | +184.9% |
| Deferred charges and accrued income | 490/1 | €3,918 | €3,115 | -€803 | -20.5% |
| Total equity and liabilities | 10/49 | €357,954 | €479,897 | +€121,943 | +34.1% |
| Equity | 10/15 | €240,785 | €288,107 | +€47,321 | +19.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €206,935 | €254,256 | +€47,321 | +22.9% |
| Distributable reserves | 133 | €206,935 | €254,256 | +€47,321 | +22.9% |
| Profit (loss) carried forward | 14 | €2,864 | €2,864 | = | 0.0% |
| Amounts payable | 17/49 | €117,168 | €191,790 | +€74,622 | +63.7% |
| Amounts payable after more than one year | 17 | €38,986 | €31,418 | -€7,568 | -19.4% |
| Financial debts | 170/4 | €38,986 | €31,418 | -€7,568 | -19.4% |
| Amounts payable within one year | 42/48 | €78,182 | €158,429 | +€80,248 | +102.6% |
| Current portion of amounts payable after more than one year | 42 | €23,376 | €18,498 | -€4,878 | -20.9% |
| Trade debts | 44 | €11,805 | €22,293 | +€10,487 | +88.8% |
| Suppliers | 440/4 | €11,805 | €22,293 | +€10,487 | +88.8% |
| Taxes, remuneration and social security | 45 | €28,001 | €58,080 | +€30,079 | +107.4% |
| Taxes | 450/3 | €7,192 | €37,829 | +€30,637 | +426.0% |
| Remuneration and social security | 454/9 | €20,808 | €20,251 | -€557 | -2.7% |
| Other amounts payable | 47/48 | €15,000 | €59,559 | +€44,559 | +297.1% |
| Accrued charges and deferred income | 492/3 | - | €1,943 | +€1,943 | |
| Remuneration, social security and pensions | 62 | €127,168 | €132,910 | +€5,742 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,867 | €27,246 | +€1,379 | +5.3% |
| Other operating charges | 640/8 | €3,103 | €3,497 | +€394 | +12.7% |
| Gross operating margin | 9900 | €229,504 | €326,197 | +€96,692 | +42.1% |
| Operating profit (loss) | 9901 | €73,366 | €162,543 | +€89,178 | +121.6% |
| Financial charges | 65/66B | €4,124 | €1,873 | -€2,251 | -54.6% |
| Recurring financial charges | 65 | €4,124 | €1,873 | -€2,251 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €69,242 | €160,671 | +€91,428 | +132.0% |
| Income taxes | 67/77 | €20,171 | €53,790 | +€33,619 | +166.7% |
| Profit (loss) for the period | 9904 | €49,071 | €106,880 | +€57,809 | +117.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,071 | €106,880 | +€57,809 | +117.8% |
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 11 October 2026 via checked.be.