de Meiren: 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 Meiren
Largest movements
- Receivables within one year +€166,155
up €166,155 (+451%), from €36,878 to €203,033
of which Trade receivables: +€173,820
- Cash +€77,572
up €77,572 (+15.9%), from €489,140 to €566,712
mainly Net result for the year (+€257,354) and Depreciation (+€112,029)
- Stocks and contracts -€57,351
down €57,351 (-9.2%), from €620,044 to €562,694
- Reserves +€203,057
up €203,057 (+36.7%), from €553,520 to €756,576
of which Distributable reserves: +€203,057
- Debts after one year -€125,833
down €125,833 (-30.5%), from €412,502 to €286,669
- Other debts +€49,838
up €49,838 (+26.3%), from €189,412 to €239,251
- Tax, wage and social debts +€39,032
up €39,032 (+2,184%), from €1,788 to €40,820
- Trade debts +€38,270
up €38,270 (+29.6%), from €129,296 to €167,566
- Taxes +€30,109
up €30,109 (+37.2%), from €80,835 to €110,944
- Depreciation +€13,708
up €13,708 (+13.9%), from €98,321 to €112,029
- Gross operating margin +€11,092
up €11,092 (+2.2%), from €503,690 to €514,782
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 | €1,679,158 | €1,883,867 | +€204,709 | +12.2% |
| Fixed assets | 21/28 | €524,699 | €541,195 | +€16,496 | +3.1% |
| Intangible fixed assets | 21 | €20,543 | €19,427 | -€1,117 | -5.4% |
| Tangible fixed assets | 22/27 | €504,006 | €521,619 | +€17,613 | +3.5% |
| Land and buildings | 22 | €477,865 | €395,733 | -€82,132 | -17.2% |
| Plant, machinery and equipment | 23 | €26,141 | €43,057 | +€16,915 | +64.7% |
| Furniture and vehicles | 24 | - | €82,830 | +€82,830 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,154,459 | €1,342,672 | +€188,213 | +16.3% |
| Stocks and contracts in progress | 3 | €620,044 | €562,694 | -€57,351 | -9.2% |
| Stocks | 30/36 | €620,044 | €562,694 | -€57,351 | -9.2% |
| Amounts receivable within one year | 40/41 | €36,878 | €203,033 | +€166,155 | +451% |
| Trade receivables | 40 | €1,782 | €175,602 | +€173,820 | +9,754% |
| Other amounts receivable | 41 | €35,096 | €27,430 | -€7,665 | -21.8% |
| Cash at bank and in hand | 54/58 | €489,140 | €566,712 | +€77,572 | +15.9% |
| Deferred charges and accrued income | 490/1 | €8,397 | €10,233 | +€1,837 | +21.9% |
| Total equity and liabilities | 10/49 | €1,679,158 | €1,883,867 | +€204,709 | +12.2% |
| Equity | 10/15 | €753,520 | €956,576 | +€203,057 | +26.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €553,520 | €756,576 | +€203,057 | +36.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €553,520 | €756,576 | +€203,057 | +36.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €925,638 | €927,291 | +€1,653 | +0.2% |
| Amounts payable after more than one year | 17 | €412,502 | €286,669 | -€125,833 | -30.5% |
| Financial debts | 170/4 | €412,502 | €286,669 | -€125,833 | -30.5% |
| Amounts payable within one year | 42/48 | €446,329 | €573,469 | +€127,140 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €125,833 | €125,833 | = | 0.0% |
| Trade debts | 44 | €129,296 | €167,566 | +€38,270 | +29.6% |
| Suppliers | 440/4 | €129,296 | €167,566 | +€38,270 | +29.6% |
| Taxes, remuneration and social security | 45 | €1,788 | €40,820 | +€39,032 | +2,184% |
| Taxes | 450/3 | €1,788 | €40,820 | +€39,032 | +2,184% |
| Other amounts payable | 47/48 | €189,412 | €239,251 | +€49,838 | +26.3% |
| Accrued charges and deferred income | 492/3 | €66,807 | €67,153 | +€346 | +0.5% |
| Non-recurring operating income | 76A | - | €2,920 | +€2,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,321 | €112,029 | +€13,708 | +13.9% |
| Other operating charges | 640/8 | €10,733 | €7,812 | -€2,921 | -27.2% |
| Gross operating margin | 9900 | €503,690 | €514,782 | +€11,092 | +2.2% |
| Operating profit (loss) | 9901 | €394,636 | €394,941 | +€305 | +0.1% |
| Financial income | 75/76B | €11 | €2,861 | +€2,849 | +25,282% |
| Recurring financial income | 75 | €11 | €2,861 | +€2,849 | +25,282% |
| Financial charges | 65/66B | €32,685 | €29,504 | -€3,181 | -9.7% |
| Recurring financial charges | 65 | €32,685 | €29,504 | -€3,181 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €361,963 | €368,298 | +€6,335 | +1.8% |
| Income taxes | 67/77 | €80,835 | €110,944 | +€30,109 | +37.2% |
| Profit (loss) for the period | 9904 | €281,128 | €257,354 | -€23,774 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €281,128 | €257,354 | -€23,774 | -8.5% |
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 29 October 2026 via checked.be.