De Meulemeester Projects: 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 Meulemeester Projects
Largest movements
- Cash +€309,989
up €309,989 (+230.6%), from €134,415 to €444,404
mainly Current investments (+€220,000) and Net result for the year (+€83,340)
- Current investments -€220,000
down €220,000 (-100.0%), from €220,000 to €0
- Receivables within one year +€17,007
up €17,007 (+63.6%), from €26,731 to €43,738
of which Other amounts receivable: +€11,857
- Tangible fixed assets -€13,387
down €13,387 (-26.2%), from €51,030 to €37,643
of which Furniture and vehicles: -€13,245
- Reserves +€82,507
up €82,507 (+21.7%), from €380,574 to €463,081
- Trade debts +€14,728
up €14,728 (+172.4%), from €8,542 to €23,270
- Debts after one year -€10,121
down €10,121 (-45.1%), from €22,435 to €12,314
- Tax, wage and social debts +€8,265
up €8,265 (+86.8%), from €9,526 to €17,791
- Gross operating margin -€13,060
down €13,060 (-8.7%), from €149,568 to €136,508
- Taxes -€5,975
down €5,975 (-13.1%), from €45,564 to €39,589
- Financial income -€4,161
down €4,161 (-58.4%), from €7,124 to €2,964
- Depreciation +€1,819
up €1,819 (+15.7%), from €11,568 to €13,387
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 | €439,655 | €537,228 | +€97,572 | +22.2% |
| Fixed assets | 21/28 | €51,030 | €37,643 | -€13,387 | -26.2% |
| Tangible fixed assets | 22/27 | €51,030 | €37,643 | -€13,387 | -26.2% |
| Plant, machinery and equipment | 23 | €648 | €506 | -€142 | -21.9% |
| Furniture and vehicles | 24 | €50,382 | €37,137 | -€13,245 | -26.3% |
| Current assets | 29/58 | €388,625 | €499,585 | +€110,959 | +28.6% |
| Stocks and contracts in progress | 3 | €6,459 | €10,517 | +€4,058 | +62.8% |
| Stocks | 30/36 | €6,459 | €10,517 | +€4,058 | +62.8% |
| Amounts receivable within one year | 40/41 | €26,731 | €43,738 | +€17,007 | +63.6% |
| Trade receivables | 40 | €25,009 | €30,159 | +€5,150 | +20.6% |
| Other amounts receivable | 41 | €1,722 | €13,579 | +€11,857 | +688.5% |
| Current investments | 50/53 | €220,000 | €0 | -€220,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €134,415 | €444,404 | +€309,989 | +230.6% |
| Deferred charges and accrued income | 490/1 | €1,020 | €925 | -€94 | -9.3% |
| Total equity and liabilities | 10/49 | €439,655 | €537,228 | +€97,572 | +22.2% |
| Equity | 10/15 | €383,574 | €466,081 | +€82,507 | +21.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €380,574 | €463,081 | +€82,507 | +21.7% |
| Distributable reserves | 133 | €380,574 | €463,081 | +€82,507 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,081 | €71,146 | +€15,065 | +26.9% |
| Amounts payable after more than one year | 17 | €22,435 | €12,314 | -€10,121 | -45.1% |
| Financial debts | 170/4 | €22,435 | €12,314 | -€10,121 | -45.1% |
| Amounts payable within one year | 42/48 | €33,321 | €58,493 | +€25,171 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €9,736 | €10,121 | +€385 | +4.0% |
| Trade debts | 44 | €8,542 | €23,270 | +€14,728 | +172.4% |
| Suppliers | 440/4 | €8,542 | €23,270 | +€14,728 | +172.4% |
| Taxes, remuneration and social security | 45 | €9,526 | €17,791 | +€8,265 | +86.8% |
| Taxes | 450/3 | €9,526 | €17,791 | +€8,265 | +86.8% |
| Other amounts payable | 47/48 | €5,518 | €7,311 | +€1,793 | +32.5% |
| Accrued charges and deferred income | 492/3 | €325 | €340 | +€15 | +4.5% |
| Non-recurring operating income | 76A | €6,548 | €0 | -€6,548 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,568 | €13,387 | +€1,819 | +15.7% |
| Other operating charges | 640/8 | €1,273 | €1,232 | -€42 | -3.3% |
| Gross operating margin | 9900 | €149,568 | €136,508 | -€13,060 | -8.7% |
| Operating profit (loss) | 9901 | €136,727 | €121,890 | -€14,837 | -10.9% |
| Financial income | 75/76B | €7,124 | €2,964 | -€4,161 | -58.4% |
| Recurring financial income | 75 | €7,124 | €2,964 | -€4,161 | -58.4% |
| Financial charges | 65/66B | €2,194 | €1,924 | -€270 | -12.3% |
| Recurring financial charges | 65 | €2,194 | €1,924 | -€270 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €141,657 | €122,929 | -€18,728 | -13.2% |
| Income taxes | 67/77 | €45,564 | €39,589 | -€5,975 | -13.1% |
| Profit (loss) for the period | 9904 | €96,093 | €83,340 | -€12,753 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,093 | €83,340 | -€12,753 | -13.3% |
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 10 October 2026 via checked.be.