DE MERIDIAAN: 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 MERIDIAAN
Largest movements
- Receivables within one year +€357,834
up €357,834 (+564%), from €63,426 to €421,260
of which Other amounts receivable: +€323,179
- Cash -€158,736
down €158,736 (-27.8%), from €571,580 to €412,844
mainly Receivables within one year (-€357,834) and Investment in fixed assets (net) (-€80,300)
- Tangible fixed assets +€68,584
up €68,584 (+86.0%), from €79,785 to €148,369
of which Furniture and vehicles: +€70,853
- Current investments +€54,000
up €54,000 (+57.1%), from €94,500 to €148,500
- Stocks and contracts -€21,015
down €21,015 (-38.0%), from €55,234 to €34,219
- Reserves +€280,837
up €280,837 (+35.7%), from €787,063 to €1.1m
of which Distributable reserves: +€175,587
- Other debts +€25,000
up €25,000, from €0 to €25,000
- Gross operating margin -€11,646
down €11,646 (-2.5%), from €471,991 to €460,346
- Taxes -€6,631
down €6,631 (-5.5%), from €119,536 to €112,904
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 | €870,167 | €1,168,775 | +€298,608 | +34.3% |
| Fixed assets | 21/28 | €79,875 | €148,459 | +€68,584 | +85.9% |
| Tangible fixed assets | 22/27 | €79,785 | €148,369 | +€68,584 | +86.0% |
| Land and buildings | 22 | €76,244 | €72,646 | -€3,598 | -4.7% |
| Plant, machinery and equipment | 23 | €2,449 | €3,778 | +€1,329 | +54.3% |
| Furniture and vehicles | 24 | €1,092 | €71,945 | +€70,853 | +6,488% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €790,292 | €1,020,316 | +€230,024 | +29.1% |
| Stocks and contracts in progress | 3 | €55,234 | €34,219 | -€21,015 | -38.0% |
| Stocks | 30/36 | €55,234 | €34,219 | -€21,015 | -38.0% |
| Amounts receivable within one year | 40/41 | €63,426 | €421,260 | +€357,834 | +564% |
| Trade receivables | 40 | €9,385 | €44,040 | +€34,656 | +369% |
| Other amounts receivable | 41 | €54,042 | €377,220 | +€323,179 | +598% |
| Current investments | 50/53 | €94,500 | €148,500 | +€54,000 | +57.1% |
| Cash at bank and in hand | 54/58 | €571,580 | €412,844 | -€158,736 | -27.8% |
| Deferred charges and accrued income | 490/1 | €5,551 | €3,493 | -€2,059 | -37.1% |
| Total equity and liabilities | 10/49 | €870,167 | €1,168,775 | +€298,608 | +34.3% |
| Equity | 10/15 | €805,655 | €1,086,492 | +€280,837 | +34.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €787,063 | €1,067,900 | +€280,837 | +35.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €131,515 | €236,765 | +€105,250 | +80.0% |
| Distributable reserves | 133 | €655,547 | €831,135 | +€175,587 | +26.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €64,513 | €82,283 | +€17,771 | +27.5% |
| Amounts payable within one year | 42/48 | €64,513 | €82,283 | +€17,771 | +27.5% |
| Trade debts | 44 | €60,599 | €55,255 | -€5,344 | -8.8% |
| Suppliers | 440/4 | €60,599 | €55,255 | -€5,344 | -8.8% |
| Taxes, remuneration and social security | 45 | €3,914 | €2,028 | -€1,886 | -48.2% |
| Taxes | 450/3 | €0 | €120 | +€120 | |
| Remuneration and social security | 454/9 | €3,914 | €1,908 | -€2,005 | -51.2% |
| Other amounts payable | 47/48 | €0 | €25,000 | +€25,000 | |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €55,739 | €57,138 | +€1,399 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,278 | €11,716 | +€3,438 | +41.5% |
| Other operating charges | 640/8 | €1,318 | €1,378 | +€60 | +4.6% |
| Gross operating margin | 9900 | €471,991 | €460,346 | -€11,646 | -2.5% |
| Operating profit (loss) | 9901 | €406,657 | €390,114 | -€16,543 | -4.1% |
| Financial income | 75/76B | €4,389 | €3,962 | -€427 | -9.7% |
| Recurring financial income | 75 | €4,389 | €3,962 | -€427 | -9.7% |
| Financial charges | 65/66B | €1,305 | €335 | -€969 | -74.3% |
| Recurring financial charges | 65 | €1,305 | €335 | -€969 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €409,742 | €393,742 | -€16,000 | -3.9% |
| Income taxes | 67/77 | €119,536 | €112,904 | -€6,631 | -5.5% |
| Profit (loss) for the period | 9904 | €290,206 | €280,837 | -€9,369 | -3.2% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,956 | €175,587 | -€9,369 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.