DE MEESTER PROJECTS: 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 PROJECTS
Largest movements
- Current investments +€207,273
up €207,273 (+225%), from €92,222 to €299,495
- Stocks and contracts +€102,519
new in 2025: €102,519
- Tangible fixed assets +€50,735
up €50,735 (+3.3%), from €1.5m to €1.6m
of which Land and buildings: +€52,703
- Other debts +€321,154
up €321,154 (+43.5%), from €738,498 to €1.1m
- Current portion of long-term debt -€293,719
down €293,719 (-96.0%), from €305,848 to €12,129
- Short-term financial debts +€193,900
new in 2025: €193,900
- Reserves +€98,622
up €98,622 (+25.6%), from €385,616 to €484,237
- Trade debts +€60,665
new in 2025: €60,665
- Gross operating margin -€325,212
down €325,212 (-49.7%), from €654,979 to €329,767
- Taxes -€82,798
down €82,798 (-61.3%), from €135,000 to €52,202
- Financial charges -€29,599
down €29,599 (-46.5%), from €63,609 to €34,010
- Depreciation -€11,790
down €11,790 (-19.9%), from €59,374 to €47,584
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 | €1,645,145 | €2,003,626 | +€358,481 | +21.8% |
| Fixed assets | 21/28 | €1,531,193 | €1,581,928 | +€50,735 | +3.3% |
| Tangible fixed assets | 22/27 | €1,523,593 | €1,574,328 | +€50,735 | +3.3% |
| Land and buildings | 22 | €1,520,173 | €1,572,877 | +€52,703 | +3.5% |
| Furniture and vehicles | 24 | €3,419 | €1,451 | -€1,968 | -57.6% |
| Financial fixed assets | 28 | €7,600 | €7,600 | = | 0.0% |
| Current assets | 29/58 | €113,952 | €421,698 | +€307,746 | +270% |
| Stocks and contracts in progress | 3 | - | €102,519 | +€102,519 | |
| Contracts in progress | 37 | - | €102,519 | +€102,519 | |
| Current investments | 50/53 | €92,222 | €299,495 | +€207,273 | +225% |
| Cash at bank and in hand | 54/58 | €18,706 | €16,621 | -€2,086 | -11.1% |
| Deferred charges and accrued income | 490/1 | €3,024 | €3,063 | +€40 | +1.3% |
| Total equity and liabilities | 10/49 | €1,645,145 | €2,003,626 | +€358,481 | +21.8% |
| Equity | 10/15 | €460,616 | €559,237 | +€98,622 | +21.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €385,616 | €484,237 | +€98,622 | +25.6% |
| Distributable reserves | 133 | €385,616 | €484,237 | +€98,622 | +25.6% |
| Amounts payable | 17/49 | €1,184,529 | €1,444,388 | +€259,859 | +21.9% |
| Amounts payable after more than one year | 17 | €108,003 | €95,874 | -€12,129 | -11.2% |
| Financial debts | 170/4 | €108,003 | €95,874 | -€12,129 | -11.2% |
| Amounts payable within one year | 42/48 | €1,072,779 | €1,348,514 | +€275,735 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €305,848 | €12,129 | -€293,719 | -96.0% |
| Financial debts | 43 | - | €193,900 | +€193,900 | |
| Credit institutions | 430/8 | - | €193,900 | +€193,900 | |
| Trade debts | 44 | - | €60,665 | +€60,665 | |
| Suppliers | 440/4 | - | €60,665 | +€60,665 | |
| Taxes, remuneration and social security | 45 | €28,433 | €22,168 | -€6,265 | -22.0% |
| Taxes | 450/3 | €28,433 | €22,168 | -€6,265 | -22.0% |
| Other amounts payable | 47/48 | €738,498 | €1,059,652 | +€321,154 | +43.5% |
| Accrued charges and deferred income | 492/3 | €3,747 | - | -€3,747 | |
| Remuneration, social security and pensions | 62 | €34,386 | €28,918 | -€5,469 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,374 | €47,584 | -€11,790 | -19.9% |
| Other operating charges | 640/8 | €20,419 | €14,633 | -€5,786 | -28.3% |
| Gross operating margin | 9900 | €654,979 | €329,767 | -€325,212 | -49.7% |
| Operating profit (loss) | 9901 | €540,799 | €238,632 | -€302,168 | -55.9% |
| Financial income | 75/76B | - | €425 | +€425 | |
| Recurring financial income | 75 | - | €425 | +€425 | |
| Financial charges | 65/66B | €63,609 | €34,010 | -€29,599 | -46.5% |
| Recurring financial charges | 65 | €63,609 | €34,010 | -€29,599 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €477,190 | €205,047 | -€272,144 | -57.0% |
| Income taxes | 67/77 | €135,000 | €52,202 | -€82,798 | -61.3% |
| Profit (loss) for the period | 9904 | €342,190 | €152,845 | -€189,345 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €342,190 | €152,845 | -€189,345 | -55.3% |
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 27 October 2026 via checked.be.