de Meester: what changed
What changed
de Meester
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
€18,227
2024 · €67,409-€49,181
Equity
€394,817
2024 · €376,589+€18,227
Cash
€17,315
2024 · €1,351+€15,964
Balance sheet total
€481,773
2024 · €484,920-€3,147
Largest movements
Assets
- Deferred charges and accrued income -€65,021
down €65,021 (-84.0%), from €77,442 to €12,422
- Receivables within one year +€48,065
up €48,065 (+15.8%), from €303,971 to €352,036
of which Other amounts receivable: +€37,777
- Cash +€15,964
up €15,964 (+1,182%), from €1,351 to €17,315
mainly Deferred charges and accrued income (+€65,021) and Net result for the year (+€18,227)
Equity and liabilities
- Reserves +€18,309
up €18,309 (+4.9%), from €370,481 to €388,789
- Short-term financial debts -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Tax, wage and social debts -€9,433
down €9,433 (-37.1%), from €25,401 to €15,969
of which Taxes: -€9,204
Income statement
- Staff costs +€61,806
up €61,806 (+97.0%), from €63,687 to €125,493
- Gross operating margin -€23,735
down €23,735 (-13.6%), from €174,005 to €150,270
- Taxes -€19,440
down €19,440 (-68.7%), from €28,317 to €8,877
- Write-downs -€9,635
down €9,635 (-100%), from €9,635 to €0
- Other operating charges -€5,712
down €5,712 (-82.5%), from €6,923 to €1,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€67,409
Gross operating margin
-€23,735
Staff costs
-€61,806
Depreciation
+€34
Write-downs
+€9,635
Other operating charges
+€5,712
Financial income
+€363
Financial charges
+€1,175
Taxes
+€19,440
Result 2025
€18,227
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,145
Investment
-€1,044
Financing
-€13,136
Cash 2024
€1,351
From operations (derived)
+€30,145
Net result for the year
+€18,227
Depreciation
+€3,200
Receivables within one year
-€48,065
Deferred charges and accrued income
+€65,021
Trade debts
+€1,257
Tax, wage and social debts
-€9,433
Accrued charges and deferred income
-€63
Investment (derived)
-€1,044
Investment in fixed assets (net)
-€1,044
Financing
-€13,136
Current portion of long-term debt
-€3,136
Short-term financial debts
-€10,000
Cash 2025
€17,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €484,920 | €481,773 | -€3,147 | -0.6% |
| Fixed assets | 21/28 | €2,156 | €0 | -€2,156 | -100% |
| Tangible fixed assets | 22/27 | €2,156 | €0 | -€2,156 | -100% |
| Furniture and vehicles | 24 | €2,156 | €0 | -€2,156 | -100% |
| Current assets | 29/58 | €482,765 | €481,773 | -€991 | -0.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €303,971 | €352,036 | +€48,065 | +15.8% |
| Trade receivables | 40 | €201,370 | €211,657 | +€10,288 | +5.1% |
| Other amounts receivable | 41 | €102,602 | €140,379 | +€37,777 | +36.8% |
| Cash at bank and in hand | 54/58 | €1,351 | €17,315 | +€15,964 | +1,182% |
| Deferred charges and accrued income | 490/1 | €77,442 | €12,422 | -€65,021 | -84.0% |
| Total equity and liabilities | 10/49 | €484,920 | €481,773 | -€3,147 | -0.6% |
| Equity | 10/15 | €376,589 | €394,817 | +€18,227 | +4.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €370,481 | €388,789 | +€18,309 | +4.9% |
| Distributable reserves | 133 | €370,481 | €388,789 | +€18,309 | +4.9% |
| Profit (loss) carried forward | 14 | €109 | €27 | -€81 | -75.0% |
| Amounts payable | 17/49 | €108,331 | €86,957 | -€21,374 | -19.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €106,957 | €85,645 | -€21,312 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €3,488 | €352 | -€3,136 | -89.9% |
| Financial debts | 43 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Credit institutions | 430/8 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Trade debts | 44 | €43,068 | €44,325 | +€1,257 | +2.9% |
| Suppliers | 440/4 | €43,068 | €44,325 | +€1,257 | +2.9% |
| Taxes, remuneration and social security | 45 | €25,401 | €15,969 | -€9,433 | -37.1% |
| Taxes | 450/3 | €23,135 | €13,931 | -€9,204 | -39.8% |
| Remuneration and social security | 454/9 | €2,267 | €2,038 | -€229 | -10.1% |
| Accrued charges and deferred income | 492/3 | €1,374 | €1,311 | -€63 | -4.6% |
| Remuneration, social security and pensions | 62 | €63,687 | €125,493 | +€61,806 | +97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,234 | €3,200 | -€34 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,635 | €0 | -€9,635 | -100% |
| Other operating charges | 640/8 | €6,923 | €1,210 | -€5,712 | -82.5% |
| Gross operating margin | 9900 | €174,005 | €150,270 | -€23,735 | -13.6% |
| Operating profit (loss) | 9901 | €90,526 | €20,367 | -€70,159 | -77.5% |
| Financial income | 75/76B | €8,579 | €8,942 | +€363 | +4.2% |
| Recurring financial income | 75 | €8,579 | €8,942 | +€363 | +4.2% |
| Financial charges | 65/66B | €3,379 | €2,204 | -€1,175 | -34.8% |
| Recurring financial charges | 65 | €3,379 | €2,204 | -€1,175 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €95,725 | €27,104 | -€68,621 | -71.7% |
| Income taxes | 67/77 | €28,317 | €8,877 | -€19,440 | -68.7% |
| Profit (loss) for the period | 9904 | €67,409 | €18,227 | -€49,181 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,409 | €18,227 | -€49,181 | -73.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.