DE MEIAKKER: 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 MEIAKKER
Largest movements
- Cash -€175,609
down €175,609 (-30.9%), from €568,375 to €392,765
mainly Trade debts (-€163,636) and Debts after one year (-€48,214)
- Receivables after one year -€43,489
down €43,489 (-42.1%), from €103,351 to €59,862
- Tangible fixed assets -€38,550
down €38,550 (-7.9%), from €486,734 to €448,184
- Receivables within one year +€38,152
up €38,152 (+120%), from €31,792 to €69,944
of which Other amounts receivable: +€23,287
- Trade debts -€163,636
down €163,636 (-48.9%), from €334,492 to €170,855
- Debts after one year -€48,214
down €48,214 (-56.6%), from €85,178 to €36,964
- Current portion of long-term debt -€39,375
down €39,375 (-45.0%), from €87,589 to €48,214
- Reserves +€37,784
up €37,784 (+5.7%), from €662,754 to €700,538
of which Distributable reserves: +€55,598
- Gross operating margin -€924,130
down €924,130 (-87.4%), from €1.1m to €132,655
- Taxes -€22,603
down €22,603 (-47.4%), from €47,646 to €25,043
- Depreciation +€17,792
up €17,792 (+34.1%), from €52,165 to €69,957
- Purchases and services -€12,617
down €12,617 (-1.8%), from €683,848 to €671,231
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 | €1,427,183 | €1,195,835 | -€231,348 | -16.2% |
| Fixed assets | 21/28 | €486,872 | €448,322 | -€38,550 | -7.9% |
| Tangible fixed assets | 22/27 | €486,734 | €448,184 | -€38,550 | -7.9% |
| Land and buildings | 22 | €364,568 | €348,109 | -€16,459 | -4.5% |
| Plant, machinery and equipment | 23 | €14,226 | €10,569 | -€3,657 | -25.7% |
| Furniture and vehicles | 24 | €107,940 | €89,506 | -€18,434 | -17.1% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €940,311 | €747,513 | -€192,798 | -20.5% |
| Amounts receivable after more than one year | 29 | €103,351 | €59,862 | -€43,489 | -42.1% |
| Other amounts receivable | 291 | €103,351 | €59,862 | -€43,489 | -42.1% |
| Stocks and contracts in progress | 3 | €234,787 | €223,792 | -€10,996 | -4.7% |
| Stocks | 30/36 | €234,787 | €223,792 | -€10,996 | -4.7% |
| Amounts receivable within one year | 40/41 | €31,792 | €69,944 | +€38,152 | +120% |
| Trade receivables | 40 | €6,645 | €21,510 | +€14,865 | +224% |
| Other amounts receivable | 41 | €25,147 | €48,434 | +€23,287 | +92.6% |
| Cash at bank and in hand | 54/58 | €568,375 | €392,765 | -€175,609 | -30.9% |
| Deferred charges and accrued income | 490/1 | €2,006 | €1,151 | -€855 | -42.6% |
| Total equity and liabilities | 10/49 | €1,427,183 | €1,195,835 | -€231,348 | -16.2% |
| Equity | 10/15 | €687,544 | €725,327 | +€37,784 | +5.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €662,754 | €700,538 | +€37,784 | +5.7% |
| Tax-exempt reserves | 132 | €317,338 | €299,524 | -€17,814 | -5.6% |
| Distributable reserves | 133 | €345,416 | €401,014 | +€55,598 | +16.1% |
| Provisions and deferred taxes | 16 | €105,779 | €99,841 | -€5,938 | -5.6% |
| Deferred taxes | 168 | €105,779 | €99,841 | -€5,938 | -5.6% |
| Amounts payable | 17/49 | €633,860 | €370,667 | -€263,193 | -41.5% |
| Amounts payable after more than one year | 17 | €85,178 | €36,964 | -€48,214 | -56.6% |
| Financial debts | 170/4 | €85,178 | €36,964 | -€48,214 | -56.6% |
| Amounts payable within one year | 42/48 | €548,682 | €333,703 | -€214,979 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €87,589 | €48,214 | -€39,375 | -45.0% |
| Financial debts | 43 | €109,073 | €109,073 | = | 0.0% |
| Credit institutions | 430/8 | €109,073 | €109,073 | = | 0.0% |
| Trade debts | 44 | €334,492 | €170,855 | -€163,636 | -48.9% |
| Suppliers | 440/4 | €334,492 | €170,855 | -€163,636 | -48.9% |
| Taxes, remuneration and social security | 45 | €17,527 | €5,560 | -€11,968 | -68.3% |
| Taxes | 450/3 | €17,527 | €5,560 | -€11,968 | -68.3% |
| Non-recurring operating income | 76A | €870,751 | - | -€870,751 | |
| Goods, raw materials, services and sundry goods | 60/61 | €683,848 | €671,231 | -€12,617 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,165 | €69,957 | +€17,792 | +34.1% |
| Other operating charges | 640/8 | €3,271 | €3,200 | -€71 | -2.2% |
| Non-recurring operating charges | 66A | €366,378 | - | -€366,378 | |
| Gross operating margin | 9900 | €1,056,785 | €132,655 | -€924,130 | -87.4% |
| Operating profit (loss) | 9901 | €634,972 | €59,498 | -€575,474 | -90.6% |
| Financial income | 75/76B | €4,851 | €5,277 | +€425 | +8.8% |
| Recurring financial income | 75 | €4,851 | €5,277 | +€425 | +8.8% |
| Financial charges | 65/66B | €6,486 | €7,886 | +€1,401 | +21.6% |
| Recurring financial charges | 65 | €6,486 | €7,886 | +€1,401 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €633,338 | €56,889 | -€576,449 | -91.0% |
| Transfer from deferred taxes | 780 | €1,017 | €5,938 | +€4,921 | +484% |
| Transfer to deferred taxes | 680 | €106,796 | - | -€106,796 | |
| Income taxes | 67/77 | €47,646 | €25,043 | -€22,603 | -47.4% |
| Profit (loss) for the period | 9904 | €479,913 | €37,784 | -€442,129 | -92.1% |
| Transfer from tax-exempt reserves | 789 | €3,051 | €17,814 | +€14,764 | +484% |
| Transfer to tax-exempt reserves | 689 | €320,389 | - | -€320,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €162,574 | €55,598 | -€106,976 | -65.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.