DE MEESTER NICKY: 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 NICKY
Largest movements
- Tangible fixed assets -€94,859
down €94,859 (-5.9%), from €1.6m to €1.5m
of which Land and buildings: -€81,582
- Cash +€34,463
up €34,463 (+33.5%), from €103,018 to €137,481
mainly Depreciation (+€92,326) and Net result for the year (+€50,074)
- Debts after one year -€122,289
down €122,289 (-14.2%), from €859,956 to €737,666
- Reserves +€49,074
up €49,074 (+6.8%), from €726,768 to €775,842
- Financial charges -€19,131
down €19,131 (-36.2%), from €52,850 to €33,719
- Gross operating margin -€5,454
down €5,454 (-2.6%), from €209,542 to €204,088
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 | €1,859,184 | €1,781,880 | -€77,304 | -4.2% |
| Fixed assets | 21/28 | €1,602,047 | €1,507,188 | -€94,859 | -5.9% |
| Tangible fixed assets | 22/27 | €1,602,021 | €1,507,162 | -€94,859 | -5.9% |
| Land and buildings | 22 | €1,509,166 | €1,427,584 | -€81,582 | -5.4% |
| Plant, machinery and equipment | 23 | €250 | €1,570 | +€1,320 | +527% |
| Furniture and vehicles | 24 | €22,674 | €8,078 | -€14,596 | -64.4% |
| Other tangible fixed assets | 26 | €69,930 | €69,930 | = | 0.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €257,137 | €274,692 | +€17,555 | +6.8% |
| Amounts receivable within one year | 40/41 | €151,793 | €134,870 | -€16,924 | -11.1% |
| Trade receivables | 40 | €67,760 | €55,660 | -€12,100 | -17.9% |
| Other amounts receivable | 41 | €84,033 | €79,210 | -€4,824 | -5.7% |
| Cash at bank and in hand | 54/58 | €103,018 | €137,481 | +€34,463 | +33.5% |
| Deferred charges and accrued income | 490/1 | €2,326 | €2,341 | +€15 | +0.6% |
| Total equity and liabilities | 10/49 | €1,859,184 | €1,781,880 | -€77,304 | -4.2% |
| Equity | 10/15 | €739,168 | €788,242 | +€49,074 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €726,768 | €775,842 | +€49,074 | +6.8% |
| Distributable reserves | 133 | €726,768 | €775,842 | +€49,074 | +6.8% |
| Amounts payable | 17/49 | €1,120,016 | €993,638 | -€126,378 | -11.3% |
| Amounts payable after more than one year | 17 | €859,956 | €737,666 | -€122,289 | -14.2% |
| Financial debts | 170/4 | €859,956 | €737,666 | -€122,289 | -14.2% |
| Amounts payable within one year | 42/48 | €254,818 | €249,819 | -€4,998 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €127,653 | €122,289 | -€5,364 | -4.2% |
| Trade debts | 44 | €887 | €2,775 | +€1,888 | +213% |
| Suppliers | 440/4 | €887 | €2,775 | +€1,888 | +213% |
| Taxes, remuneration and social security | 45 | €16,271 | €19,830 | +€3,558 | +21.9% |
| Taxes | 450/3 | €16,271 | €19,830 | +€3,558 | +21.9% |
| Other amounts payable | 47/48 | €110,006 | €104,925 | -€5,081 | -4.6% |
| Accrued charges and deferred income | 492/3 | €5,243 | €6,152 | +€909 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,117 | €92,326 | -€1,792 | -1.9% |
| Other operating charges | 640/8 | €8,936 | €9,252 | +€316 | +3.5% |
| Gross operating margin | 9900 | €209,542 | €204,088 | -€5,454 | -2.6% |
| Operating profit (loss) | 9901 | €106,489 | €102,511 | -€3,978 | -3.7% |
| Financial income | 75/76B | €125 | €130 | +€5 | +3.9% |
| Recurring financial income | 75 | €125 | €130 | +€5 | +3.9% |
| Financial charges | 65/66B | €52,850 | €33,719 | -€19,131 | -36.2% |
| Recurring financial charges | 65 | €52,850 | €33,719 | -€19,131 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €53,765 | €68,922 | +€15,158 | +28.2% |
| Income taxes | 67/77 | €17,629 | €18,848 | +€1,219 | +6.9% |
| Profit (loss) for the period | 9904 | €36,135 | €50,074 | +€13,939 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,135 | €50,074 | +€13,939 | +38.6% |
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 24 October 2026 via checked.be.