De Meisjes: 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 Meisjes
Largest movements
- Tangible fixed assets +€902,002
up €902,002 (+464%), from €194,383 to €1.1m
of which Land and buildings: +€865,997
- Receivables within one year -€36,329
down €36,329 (-7.7%), from €473,651 to €437,323
of which Trade receivables: -€52,358
- Cash -€22,138
down €22,138 (-6.2%), from €357,196 to €335,058
mainly Investment in fixed assets (net) (-€1.1m) and Contributions, distributions and other (-€150,000)
- Debts after one year +€761,433
up €761,433 (+340%), from €224,167 to €985,600
- Trade debts -€87,890
down €87,890 (-46.4%), from €189,468 to €101,578
- Other debts +€52,303
up €52,303 (+49.8%), from €104,921 to €157,223
- Current portion of long-term debt +€50,330
up €50,330 (+110%), from €45,907 to €96,237
- Reserves +€44,052
up €44,052 (+133%), from €33,126 to €77,178
- Gross operating margin +€326,991
up €326,991 (+42.7%), from €765,846 to €1.1m
- Staff costs +€130,212
up €130,212 (+21.7%), from €600,777 to €730,988
- Depreciation +€111,406
up €111,406 (+288%), from €38,709 to €150,115
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 | €1,133,090 | €1,982,049 | +€848,959 | +74.9% |
| Fixed assets | 21/28 | €195,370 | €1,097,371 | +€902,002 | +462% |
| Tangible fixed assets | 22/27 | €194,383 | €1,096,385 | +€902,002 | +464% |
| Land and buildings | 22 | €179,649 | €1,045,645 | +€865,997 | +482% |
| Plant, machinery and equipment | 23 | €5,958 | €12,043 | +€6,085 | +102% |
| Furniture and vehicles | 24 | €4,182 | €35,115 | +€30,933 | +740% |
| Other tangible fixed assets | 26 | €4,595 | €3,582 | -€1,013 | -22.1% |
| Financial fixed assets | 28 | €986 | €986 | = | 0.0% |
| Current assets | 29/58 | €937,721 | €884,678 | -€53,043 | -5.7% |
| Stocks and contracts in progress | 3 | €106,873 | €112,297 | +€5,424 | +5.1% |
| Stocks | 30/36 | €106,873 | €112,297 | +€5,424 | +5.1% |
| Amounts receivable within one year | 40/41 | €473,651 | €437,323 | -€36,329 | -7.7% |
| Trade receivables | 40 | €84,051 | €31,693 | -€52,358 | -62.3% |
| Other amounts receivable | 41 | €389,600 | €405,630 | +€16,030 | +4.1% |
| Cash at bank and in hand | 54/58 | €357,196 | €335,058 | -€22,138 | -6.2% |
| Total equity and liabilities | 10/49 | €1,133,090 | €1,982,049 | +€848,959 | +74.9% |
| Equity | 10/15 | €458,917 | €502,969 | +€44,052 | +9.6% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,792 | €5,792 | = | 0.0% |
| Reserves | 13 | €33,126 | €77,178 | +€44,052 | +133% |
| Distributable reserves | 133 | €33,126 | €77,178 | +€44,052 | +133% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €674,173 | €1,479,080 | +€804,907 | +119% |
| Amounts payable after more than one year | 17 | €224,167 | €985,600 | +€761,433 | +340% |
| Financial debts | 170/4 | €224,167 | €985,600 | +€761,433 | +340% |
| Amounts payable within one year | 42/48 | €449,045 | €482,821 | +€33,777 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €45,907 | €96,237 | +€50,330 | +110% |
| Trade debts | 44 | €189,468 | €101,578 | -€87,890 | -46.4% |
| Suppliers | 440/4 | €189,468 | €101,578 | -€87,890 | -46.4% |
| Taxes, remuneration and social security | 45 | €108,749 | €127,783 | +€19,034 | +17.5% |
| Taxes | 450/3 | €47,316 | €48,175 | +€859 | +1.8% |
| Remuneration and social security | 454/9 | €61,433 | €79,607 | +€18,174 | +29.6% |
| Other amounts payable | 47/48 | €104,921 | €157,223 | +€52,303 | +49.8% |
| Accrued charges and deferred income | 492/3 | €961 | €10,659 | +€9,698 | +1,010% |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Remuneration, social security and pensions | 62 | €600,777 | €730,988 | +€130,212 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,709 | €150,115 | +€111,406 | +288% |
| Other operating charges | 640/8 | €8,513 | €9,620 | +€1,107 | +13.0% |
| Gross operating margin | 9900 | €765,846 | €1,092,837 | +€326,991 | +42.7% |
| Operating profit (loss) | 9901 | €117,848 | €202,115 | +€84,267 | +71.5% |
| Financial income | 75/76B | €20,878 | €18,827 | -€2,051 | -9.8% |
| Recurring financial income | 75 | €20,878 | €18,827 | -€2,051 | -9.8% |
| Financial charges | 65/66B | €18,097 | €26,722 | +€8,625 | +47.7% |
| Recurring financial charges | 65 | €18,097 | €26,722 | +€8,625 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €120,628 | €194,219 | +€73,591 | +61.0% |
| Income taxes | 67/77 | €167 | €168 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | €120,461 | €194,052 | +€73,591 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,461 | €194,052 | +€73,591 | +61.1% |
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 28 October 2026 via checked.be.