De Meule JD: 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 Meule JD
Largest movements
- Tangible fixed assets -€52,889
down €52,889 (-29.5%), from €179,102 to €126,212
of which Plant, machinery and equipment: -€46,933
- Receivables within one year -€12,642
down €12,642 (-64.4%), from €19,642 to €7,000
of which Other amounts receivable: -€9,540
- Deferred charges and accrued income +€11,339
up €11,339 (+218%), from €5,209 to €16,548
- Intangible fixed assets -€7,188
down €7,188 (-28.6%), from €25,156 to €17,969
- Debts after one year -€25,569
down €25,569 (-14.9%), from €171,262 to €145,692
- Trade debts -€23,519
down €23,519 (-22.1%), from €106,554 to €83,035
- Other debts -€14,563
down €14,563 (-88.6%), from €16,432 to €1,869
- Profit (loss) carried forward +€13,030
up €13,030 (+7.5%), from -€173,734 to -€160,704
- Tax, wage and social debts -€10,403
down €10,403 (-9.1%), from €114,285 to €103,882
of which Remuneration and social security: -€15,734
- Gross operating margin +€204,145
up €204,145 (+34.4%), from €594,078 to €798,223
- Staff costs +€82,979
up €82,979 (+13.3%), from €623,756 to €706,735
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 | €306,150 | €247,719 | -€58,431 | -19.1% |
| Fixed assets | 21/28 | €216,258 | €156,181 | -€60,077 | -27.8% |
| Intangible fixed assets | 21 | €25,156 | €17,969 | -€7,188 | -28.6% |
| Tangible fixed assets | 22/27 | €179,102 | €126,212 | -€52,889 | -29.5% |
| Plant, machinery and equipment | 23 | €164,137 | €117,204 | -€46,933 | -28.6% |
| Furniture and vehicles | 24 | €14,965 | €9,008 | -€5,957 | -39.8% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €89,892 | €91,538 | +€1,646 | +1.8% |
| Stocks and contracts in progress | 3 | €14,996 | €17,382 | +€2,386 | +15.9% |
| Stocks | 30/36 | €14,996 | €17,382 | +€2,386 | +15.9% |
| Amounts receivable within one year | 40/41 | €19,642 | €7,000 | -€12,642 | -64.4% |
| Trade receivables | 40 | €3,101 | - | -€3,101 | |
| Other amounts receivable | 41 | €16,540 | €7,000 | -€9,540 | -57.7% |
| Cash at bank and in hand | 54/58 | €50,044 | €50,608 | +€563 | +1.1% |
| Deferred charges and accrued income | 490/1 | €5,209 | €16,548 | +€11,339 | +218% |
| Total equity and liabilities | 10/49 | €306,150 | €247,719 | -€58,431 | -19.1% |
| Equity | 10/15 | -€153,734 | -€140,704 | +€13,030 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,734 | -€160,704 | +€13,030 | +7.5% |
| Amounts payable | 17/49 | €459,884 | €388,423 | -€71,460 | -15.5% |
| Amounts payable after more than one year | 17 | €171,262 | €145,692 | -€25,569 | -14.9% |
| Financial debts | 170/4 | €171,262 | €145,692 | -€25,569 | -14.9% |
| Amounts payable within one year | 42/48 | €288,560 | €240,145 | -€48,415 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €51,290 | €51,360 | +€70 | +0.1% |
| Trade debts | 44 | €106,554 | €83,035 | -€23,519 | -22.1% |
| Suppliers | 440/4 | €106,554 | €83,035 | -€23,519 | -22.1% |
| Taxes, remuneration and social security | 45 | €114,285 | €103,882 | -€10,403 | -9.1% |
| Taxes | 450/3 | €38,729 | €44,060 | +€5,331 | +13.8% |
| Remuneration and social security | 454/9 | €75,556 | €59,822 | -€15,734 | -20.8% |
| Other amounts payable | 47/48 | €16,432 | €1,869 | -€14,563 | -88.6% |
| Accrued charges and deferred income | 492/3 | €62 | €2,586 | +€2,524 | +4,071% |
| Remuneration, social security and pensions | 62 | €623,756 | €706,735 | +€82,979 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,637 | €64,239 | +€601 | +0.9% |
| Other operating charges | 640/8 | €6,110 | €1,706 | -€4,403 | -72.1% |
| Gross operating margin | 9900 | €594,078 | €798,223 | +€204,145 | +34.4% |
| Operating profit (loss) | 9901 | -€99,425 | €25,543 | +€124,969 | |
| Financial income | 75/76B | €12 | €129 | +€117 | +973% |
| Recurring financial income | 75 | €12 | €129 | +€117 | +973% |
| Financial charges | 65/66B | €6,152 | €12,302 | +€6,151 | +100.0% |
| Recurring financial charges | 65 | €6,152 | €12,302 | +€6,151 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€105,565 | €13,370 | +€118,935 | |
| Income taxes | 67/77 | €359 | €340 | -€18 | -5.0% |
| Profit (loss) for the period | 9904 | -€105,923 | €13,030 | +€118,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,923 | €13,030 | +€118,953 |
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 31 October 2026 via checked.be.