De Meule: 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 Meule
Largest movements
- Deferred charges and accrued income -€34,148
down €34,148 (-46.6%), from €73,352 to €39,204
- Tangible fixed assets -€16,235
down €16,235 (-8.7%), from €187,120 to €170,885
- Cash +€11,896
up €11,896 (+8.8%), from €135,570 to €147,465
mainly Deferred charges and accrued income (+€34,148) and Net result for the year (+€29,951)
- Accrued charges and deferred income -€33,341
down €33,341 (-100.0%), from €33,341 to €0
- Other debts -€8,571
down €8,571 (-22.2%), from €38,571 to €30,000
- Gross operating margin -€13,729
down €13,729 (-13.2%), from €104,317 to €90,589
- Taxes -€3,555
down €3,555 (-26.3%), from €13,539 to €9,984
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 | €397,530 | €357,554 | -€39,977 | -10.1% |
| Fixed assets | 21/28 | €187,120 | €170,885 | -€16,235 | -8.7% |
| Tangible fixed assets | 22/27 | €187,120 | €170,885 | -€16,235 | -8.7% |
| Land and buildings | 22 | €187,120 | €170,885 | -€16,235 | -8.7% |
| Current assets | 29/58 | €210,410 | €186,669 | -€23,742 | -11.3% |
| Amounts receivable within one year | 40/41 | €1,489 | €0 | -€1,489 | -100.0% |
| Other amounts receivable | 41 | €1,489 | €0 | -€1,489 | -100.0% |
| Cash at bank and in hand | 54/58 | €135,570 | €147,465 | +€11,896 | +8.8% |
| Deferred charges and accrued income | 490/1 | €73,352 | €39,204 | -€34,148 | -46.6% |
| Total equity and liabilities | 10/49 | €397,530 | €357,554 | -€39,977 | -10.1% |
| Equity | 10/15 | €321,513 | €321,464 | -€49 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €260,013 | €259,964 | -€49 | 0.0% |
| Non-distributable reserves | 130/1 | €7,574 | €7,574 | = | 0.0% |
| Legal reserve | 130 | €7,574 | €7,574 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,654 | €2,654 | = | 0.0% |
| Distributable reserves | 133 | €249,785 | €249,736 | -€49 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,017 | €36,090 | -€39,928 | -52.5% |
| Amounts payable within one year | 42/48 | €42,676 | €36,090 | -€6,586 | -15.4% |
| Trade debts | 44 | €66 | €67 | +€1 | +2.0% |
| Suppliers | 440/4 | €66 | €67 | +€1 | +2.0% |
| Taxes, remuneration and social security | 45 | €4,039 | €6,023 | +€1,984 | +49.1% |
| Taxes | 450/3 | €4,039 | €6,023 | +€1,984 | +49.1% |
| Other amounts payable | 47/48 | €38,571 | €30,000 | -€8,571 | -22.2% |
| Accrued charges and deferred income | 492/3 | €33,341 | €0 | -€33,341 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,232 | €16,235 | -€997 | -5.8% |
| Other operating charges | 640/8 | €33,386 | €34,355 | +€969 | +2.9% |
| Gross operating margin | 9900 | €104,317 | €90,589 | -€13,729 | -13.2% |
| Operating profit (loss) | 9901 | €53,700 | €39,998 | -€13,701 | -25.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €53 | €64 | +€11 | +21.5% |
| Recurring financial charges | 65 | €53 | €64 | +€11 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €53,647 | €39,935 | -€13,712 | -25.6% |
| Income taxes | 67/77 | €13,539 | €9,984 | -€3,555 | -26.3% |
| Profit (loss) for the period | 9904 | €40,108 | €29,951 | -€10,157 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,108 | €29,951 | -€10,157 | -25.3% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.