DE MEIRE: what changed
Two fiscal 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 MEIRE
Largest movements
- Receivables within one year +€354,838
up €354,838 (+34.5%), from €1.0m to €1.4m
of which Trade receivables: +€354,455
- Tangible fixed assets -€71,825
down €71,825 (-10.5%), from €686,991 to €615,166
of which Land and buildings: -€70,917
- Deferred charges and accrued income +€22,876
up €22,876 (+200.4%), from €11,413 to €34,288
- Trade debts +€299,113
up €299,113 (+125.8%), from €237,793 to €536,905
- Other debts +€114,460
up €114,460 (+44.6%), from €256,357 to €370,817
- Reserves -€60,361
down €60,361 (-6.7%), from €903,780 to €843,419
of which Distributable reserves: -€60,361
- Debts after one year -€42,714
down €42,714 (-11.4%), from €374,254 to €331,541
- Gross operating margin -€514,398
down €514,398 (-97.6%), from €527,214 to €12,817
- Financial income +€11,443
up €11,443 (+100.0%), from €11,441 to €22,884
- Taxes -€6,581
down €6,581 (-100.0%), from €6,584 to €2
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.
Cash bridge derived
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 | €1,881,985 | €2,187,396 | +€305,411 | +16.2% |
| Fixed assets | 21/28 | €842,691 | €770,866 | -€71,825 | -8.5% |
| Tangible fixed assets | 22/27 | €686,991 | €615,166 | -€71,825 | -10.5% |
| Land and buildings | 22 | €678,823 | €607,905 | -€70,917 | -10.4% |
| Furniture and vehicles | 24 | €8,169 | €7,261 | -€908 | -11.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €155,700 | €155,700 | = | 0.0% |
| Current assets | 29/58 | €1,039,294 | €1,416,530 | +€377,236 | +36.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,027,300 | €1,382,138 | +€354,838 | +34.5% |
| Trade receivables | 40 | €271,518 | €625,973 | +€354,455 | +130.5% |
| Other amounts receivable | 41 | €755,782 | €756,165 | +€384 | +0.1% |
| Cash at bank and in hand | 54/58 | €582 | €103 | -€479 | -82.3% |
| Deferred charges and accrued income | 490/1 | €11,413 | €34,288 | +€22,876 | +200.4% |
| Total equity and liabilities | 10/49 | €1,881,985 | €2,187,396 | +€305,411 | +16.2% |
| Equity | 10/15 | €965,780 | €905,419 | -€60,361 | -6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €903,780 | €843,419 | -€60,361 | -6.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €897,580 | €837,219 | -€60,361 | -6.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €916,205 | €1,281,977 | +€365,772 | +39.9% |
| Amounts payable after more than one year | 17 | €374,254 | €331,541 | -€42,714 | -11.4% |
| Financial debts | 170/4 | €374,254 | €331,541 | -€42,714 | -11.4% |
| Amounts payable within one year | 42/48 | €541,951 | €950,436 | +€408,485 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €41,226 | €42,714 | +€1,488 | +3.6% |
| Trade debts | 44 | €237,793 | €536,905 | +€299,113 | +125.8% |
| Suppliers | 440/4 | €237,793 | €536,905 | +€299,113 | +125.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,575 | €0 | -€6,575 | -100.0% |
| Taxes | 450/3 | €6,575 | €0 | -€6,575 | -100.0% |
| Other amounts payable | 47/48 | €256,357 | €370,817 | +€114,460 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,260 | €76,825 | +€566 | +0.7% |
| Other operating charges | 640/8 | €2,796 | €4,208 | +€1,412 | +50.5% |
| Gross operating margin | 9900 | €527,214 | €12,817 | -€514,398 | -97.6% |
| Operating profit (loss) | 9901 | €448,159 | -€68,217 | -€516,376 | |
| Financial income | 75/76B | €11,441 | €22,884 | +€11,443 | +100.0% |
| Recurring financial income | 75 | €11,441 | €22,884 | +€11,443 | +100.0% |
| Financial charges | 65/66B | €16,219 | €15,026 | -€1,193 | -7.4% |
| Recurring financial charges | 65 | €16,219 | €15,026 | -€1,193 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €443,381 | -€60,359 | -€503,740 | |
| Income taxes | 67/77 | €6,584 | €2 | -€6,581 | -100.0% |
| Profit (loss) for the period | 9904 | €436,797 | -€60,361 | -€497,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €436,797 | -€60,361 | -€497,158 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.