DE MEESTER FIETSEN: 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 FIETSEN
Largest movements
- Receivables within one year +€206,924
up €206,924 (+56.0%), from €369,701 to €576,626
of which Other amounts receivable: +€231,404
- Receivables after one year -€206,800
down €206,800 (-93.0%), from €222,450 to €15,650
- Cash -€190,779
down €190,779 (-32.7%), from €584,207 to €393,428
mainly Contributions, distributions and other (-€866,839) and Receivables within one year (-€206,924)
- Stocks and contracts -€113,332
down €113,332 (-12.2%), from €929,394 to €816,062
- Reserves -€864,996
down €864,996 (-48.2%), from €1.8m to €930,357
- Other debts +€653,244
up €653,244 (+304%), from €214,844 to €868,089
- Tax, wage and social debts -€40,029
down €40,029 (-47.4%), from €84,530 to €44,502
of which Taxes: -€26,611
- Gross operating margin -€165,568
down €165,568 (-33.1%), from €500,879 to €335,310
- Taxes -€42,496
down €42,496 (-48.2%), from €88,232 to €45,736
- Staff costs +€32,035
up €32,035 (+14.5%), from €220,564 to €252,599
- Depreciation +€27,914
up €27,914 (+53.4%), from €52,262 to €80,176
- Financial income +€14,993
up €14,993 (+23.3%), from €64,231 to €79,225
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 | €2,664,227 | €2,385,737 | -€278,490 | -10.5% |
| Fixed assets | 21/28 | €190,552 | €209,206 | +€18,654 | +9.8% |
| Intangible fixed assets | 21 | €10,323 | €5,669 | -€4,654 | -45.1% |
| Tangible fixed assets | 22/27 | €179,230 | €202,538 | +€23,308 | +13.0% |
| Plant, machinery and equipment | 23 | €7,348 | €5,866 | -€1,481 | -20.2% |
| Furniture and vehicles | 24 | €93,798 | €108,596 | +€14,798 | +15.8% |
| Other tangible fixed assets | 26 | €78,084 | €88,075 | +€9,991 | +12.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,473,675 | €2,176,530 | -€297,144 | -12.0% |
| Amounts receivable after more than one year | 29 | €222,450 | €15,650 | -€206,800 | -93.0% |
| Other amounts receivable | 291 | €222,450 | €15,650 | -€206,800 | -93.0% |
| Stocks and contracts in progress | 3 | €929,394 | €816,062 | -€113,332 | -12.2% |
| Stocks | 30/36 | €929,394 | €816,062 | -€113,332 | -12.2% |
| Amounts receivable within one year | 40/41 | €369,701 | €576,626 | +€206,924 | +56.0% |
| Trade receivables | 40 | €128,198 | €103,718 | -€24,480 | -19.1% |
| Other amounts receivable | 41 | €241,503 | €472,908 | +€231,404 | +95.8% |
| Current investments | 50/53 | €360,000 | €370,080 | +€10,080 | +2.8% |
| Cash at bank and in hand | 54/58 | €584,207 | €393,428 | -€190,779 | -32.7% |
| Deferred charges and accrued income | 490/1 | €7,922 | €4,685 | -€3,237 | -40.9% |
| Total equity and liabilities | 10/49 | €2,664,227 | €2,385,737 | -€278,490 | -10.5% |
| Equity | 10/15 | €1,813,953 | €948,957 | -€864,996 | -47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,795,353 | €930,357 | -€864,996 | -48.2% |
| Distributable reserves | 133 | €1,795,353 | €930,357 | -€864,996 | -48.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €850,274 | €1,436,780 | +€586,506 | +69.0% |
| Amounts payable after more than one year | 17 | €485 | €3,750 | +€3,265 | +673% |
| Financial debts | 170/4 | €485 | €3,750 | +€3,265 | +673% |
| Amounts payable within one year | 42/48 | €846,953 | €1,430,079 | +€583,126 | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €9,215 | €4,466 | -€4,749 | -51.5% |
| Financial debts | 43 | €403,511 | €400,000 | -€3,511 | -0.9% |
| Credit institutions | 430/8 | €403,511 | €400,000 | -€3,511 | -0.9% |
| Trade debts | 44 | €134,852 | €113,023 | -€21,830 | -16.2% |
| Suppliers | 440/4 | €134,852 | €113,023 | -€21,830 | -16.2% |
| Taxes, remuneration and social security | 45 | €84,530 | €44,502 | -€40,029 | -47.4% |
| Taxes | 450/3 | €54,335 | €27,724 | -€26,611 | -49.0% |
| Remuneration and social security | 454/9 | €30,195 | €16,778 | -€13,418 | -44.4% |
| Other amounts payable | 47/48 | €214,844 | €868,089 | +€653,244 | +304% |
| Accrued charges and deferred income | 492/3 | €2,836 | €2,951 | +€115 | +4.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €220,564 | €252,599 | +€32,035 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,262 | €80,176 | +€27,914 | +53.4% |
| Other operating charges | 640/8 | €4,711 | €3,696 | -€1,016 | -21.6% |
| Gross operating margin | 9900 | €500,879 | €335,310 | -€165,568 | -33.1% |
| Operating profit (loss) | 9901 | €223,342 | -€1,160 | -€224,502 | |
| Financial income | 75/76B | €64,231 | €79,225 | +€14,993 | +23.3% |
| Recurring financial income | 75 | €64,231 | €79,225 | +€14,993 | +23.3% |
| Financial charges | 65/66B | €35,712 | €30,486 | -€5,226 | -14.6% |
| Recurring financial charges | 65 | €27,791 | €28,998 | +€1,207 | +4.3% |
| Non-recurring financial charges | 66B | €7,921 | €1,487 | -€6,433 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €251,861 | €47,579 | -€204,282 | -81.1% |
| Income taxes | 67/77 | €88,232 | €45,736 | -€42,496 | -48.2% |
| Profit (loss) for the period | 9904 | €163,629 | €1,843 | -€161,786 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €163,629 | €1,843 | -€161,786 | -98.9% |
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 17 October 2026 via checked.be.