DE MEESTER J.: 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 J.
Largest movements
- Stocks and contracts -€44,166
down €44,166 (-26.7%), from €165,599 to €121,433
of which Contracts in progress: -€53,010
- Cash +€19,934
up €19,934 (+24.9%), from €80,058 to €99,992
mainly Stocks and contracts (+€44,166) and Depreciation (+€15,144)
- Deferred charges and accrued income +€15,083
up €15,083 (+55.0%), from €27,432 to €42,515
- Receivables within one year +€12,433
up €12,433 (+35.0%), from €35,500 to €47,933
of which Trade receivables: +€10,345
- Tangible fixed assets -€6,650
down €6,650 (-4.5%), from €146,887 to €140,237
of which Furniture and vehicles: -€6,998
- Advances received -€9,933
down €9,933 (-16.2%), from €61,466 to €51,533
- Trade debts +€8,887
up €8,887 (+48.3%), from €18,399 to €27,286
- Turnover -€53,440
down €53,440 (-20.8%), from €256,878 to €203,439
- Purchases and services -€52,399
down €52,399 (-23.1%), from €226,792 to €174,393
- Other operating charges +€3,096
up €3,096 (+33.4%), from €9,258 to €12,354
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 | €460,571 | €457,204 | -€3,367 | -0.7% |
| Fixed assets | 21/28 | €151,981 | €145,331 | -€6,650 | -4.4% |
| Tangible fixed assets | 22/27 | €146,887 | €140,237 | -€6,650 | -4.5% |
| Land and buildings | 22 | €109,546 | €106,796 | -€2,750 | -2.5% |
| Plant, machinery and equipment | 23 | €7,997 | €11,095 | +€3,097 | +38.7% |
| Furniture and vehicles | 24 | €29,344 | €22,347 | -€6,998 | -23.8% |
| Financial fixed assets | 28 | €5,094 | €5,094 | = | 0.0% |
| Current assets | 29/58 | €308,589 | €311,873 | +€3,283 | +1.1% |
| Stocks and contracts in progress | 3 | €165,599 | €121,433 | -€44,166 | -26.7% |
| Stocks | 30/36 | €31,188 | €40,031 | +€8,843 | +28.4% |
| Contracts in progress | 37 | €134,412 | €81,402 | -€53,010 | -39.4% |
| Amounts receivable within one year | 40/41 | €35,500 | €47,933 | +€12,433 | +35.0% |
| Trade receivables | 40 | €30,684 | €41,029 | +€10,345 | +33.7% |
| Other amounts receivable | 41 | €4,816 | €6,904 | +€2,088 | +43.4% |
| Cash at bank and in hand | 54/58 | €80,058 | €99,992 | +€19,934 | +24.9% |
| Deferred charges and accrued income | 490/1 | €27,432 | €42,515 | +€15,083 | +55.0% |
| Total equity and liabilities | 10/49 | €460,571 | €457,204 | -€3,367 | -0.7% |
| Equity | 10/15 | €41,625 | €41,858 | +€233 | +0.6% |
| Contributions | 10/11 | €33,666 | €33,666 | = | 0.0% |
| Revaluation surpluses | 12 | €14,425 | €14,425 | = | 0.0% |
| Reserves | 13 | €50,876 | €50,876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,014 | €6,014 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,014 | €6,014 | = | 0.0% |
| Distributable reserves | 133 | €44,862 | €44,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,342 | -€57,109 | +€233 | +0.4% |
| Amounts payable | 17/49 | €418,946 | €415,346 | -€3,600 | -0.9% |
| Amounts payable after more than one year | 17 | €22,143 | €19,628 | -€2,515 | -11.4% |
| Financial debts | 170/4 | €22,143 | €19,628 | -€2,515 | -11.4% |
| Amounts payable within one year | 42/48 | €396,803 | €395,718 | -€1,084 | -0.3% |
| Trade debts | 44 | €18,399 | €27,286 | +€8,887 | +48.3% |
| Suppliers | 440/4 | €18,399 | €27,286 | +€8,887 | +48.3% |
| Advances received on contracts in progress | 46 | €61,466 | €51,533 | -€9,933 | -16.2% |
| Other amounts payable | 47/48 | €316,938 | €316,900 | -€38 | 0.0% |
| Turnover | 70 | €256,878 | €203,439 | -€53,440 | -20.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €226,792 | €174,393 | -€52,399 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,595 | €15,144 | +€549 | +3.8% |
| Other operating charges | 640/8 | €9,258 | €12,354 | +€3,096 | +33.4% |
| Gross operating margin | 9900 | €30,087 | €29,046 | -€1,041 | -3.5% |
| Operating profit (loss) | 9901 | €6,234 | €1,548 | -€4,686 | -75.2% |
| Financial charges | 65/66B | €1,321 | €1,315 | -€6 | -0.4% |
| Recurring financial charges | 65 | €1,321 | €1,315 | -€6 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €4,913 | €233 | -€4,680 | -95.3% |
| Profit (loss) for the period | 9904 | €4,913 | €233 | -€4,680 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,913 | €233 | -€4,680 | -95.3% |
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.