DE MEYER: 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 MEYER
Largest movements
- Tangible fixed assets -€23,663
down €23,663 (-19.9%), from €118,763 to €95,099
of which Land and buildings: -€19,646
- Cash -€12,914
down €12,914 (-64.8%), from €19,917 to €7,003
mainly Other debts (-€22,370) and Debts after one year (-€16,450)
- Receivables within one year -€3,186
down €3,186 (-68.1%), from €4,676 to €1,490
of which Trade receivables: -€2,773
- Other debts -€22,370
down €22,370 (-28.5%), from €78,577 to €56,207
- Debts after one year -€16,450
down €16,450 (-23.4%), from €70,429 to €53,979
- Tax, wage and social debts +€10,204
up €10,204 (+170.7%), from €5,976 to €16,180
of which Remuneration and social security: +€10,215
- Profit (loss) carried forward -€6,969
down €6,969 (-6.7%), from -€104,223 to -€111,192
- Reserves -€2,335
down €2,335 (-5.3%), from €44,225 to €41,890
of which Tax-exempt reserves: -€2,335
- Gross operating margin +€43,117
up €43,117 (+73.6%), from €58,554 to €101,671
- Staff costs +€37,947
up €37,947 (+94.4%), from €40,200 to €78,148
- Other operating charges -€2,669
down €2,669 (-46.5%), from €5,737 to €3,068
- Financial charges +€2,114
up €2,114 (+62.0%), from €3,412 to €5,526
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,973 | €118,329 | -€38,644 | -24.6% |
| Fixed assets | 21/28 | €119,042 | €95,379 | -€23,663 | -19.9% |
| Tangible fixed assets | 22/27 | €118,763 | €95,099 | -€23,663 | -19.9% |
| Land and buildings | 22 | €102,258 | €82,612 | -€19,646 | -19.2% |
| Plant, machinery and equipment | 23 | €11,068 | €10,266 | -€803 | -7.3% |
| Furniture and vehicles | 24 | €5,437 | €2,222 | -€3,214 | -59.1% |
| Financial fixed assets | 28 | €279 | €279 | = | 0.0% |
| Current assets | 29/58 | €37,931 | €22,950 | -€14,981 | -39.5% |
| Stocks and contracts in progress | 3 | €13,338 | €14,457 | +€1,119 | +8.4% |
| Stocks | 30/36 | €13,338 | €14,457 | +€1,119 | +8.4% |
| Amounts receivable within one year | 40/41 | €4,676 | €1,490 | -€3,186 | -68.1% |
| Trade receivables | 40 | €2,773 | - | -€2,773 | |
| Other amounts receivable | 41 | €1,903 | €1,490 | -€413 | -21.7% |
| Cash at bank and in hand | 54/58 | €19,917 | €7,003 | -€12,914 | -64.8% |
| Total equity and liabilities | 10/49 | €156,973 | €118,329 | -€38,644 | -24.6% |
| Equity | 10/15 | -€41,406 | -€50,711 | -€9,304 | -22.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,225 | €41,890 | -€2,335 | -5.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,328 | €25,993 | -€2,335 | -8.2% |
| Distributable reserves | 133 | €14,037 | €14,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,223 | -€111,192 | -€6,969 | -6.7% |
| Provisions and deferred taxes | 16 | €7,774 | €6,997 | -€777 | -10.0% |
| Deferred taxes | 168 | €7,774 | €6,997 | -€777 | -10.0% |
| Amounts payable | 17/49 | €190,606 | €162,043 | -€28,563 | -15.0% |
| Amounts payable after more than one year | 17 | €70,429 | €53,979 | -€16,450 | -23.4% |
| Financial debts | 170/4 | €70,429 | €53,979 | -€16,450 | -23.4% |
| Amounts payable within one year | 42/48 | €120,177 | €108,063 | -€12,113 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €16,006 | €16,450 | +€444 | +2.8% |
| Trade debts | 44 | €19,618 | €19,227 | -€391 | -2.0% |
| Suppliers | 440/4 | €19,618 | €19,227 | -€391 | -2.0% |
| Taxes, remuneration and social security | 45 | €5,976 | €16,180 | +€10,204 | +170.7% |
| Taxes | 450/3 | €2,152 | €2,140 | -€12 | -0.5% |
| Remuneration and social security | 454/9 | €3,824 | €14,040 | +€10,215 | +267.1% |
| Other amounts payable | 47/48 | €78,577 | €56,207 | -€22,370 | -28.5% |
| Remuneration, social security and pensions | 62 | €40,200 | €78,148 | +€37,947 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,002 | €25,033 | +€31 | +0.1% |
| Other operating charges | 640/8 | €5,737 | €3,068 | -€2,669 | -46.5% |
| Gross operating margin | 9900 | €58,554 | €101,671 | +€43,117 | +73.6% |
| Operating profit (loss) | 9901 | -€12,385 | -€4,578 | +€7,807 | +63.0% |
| Financial income | 75/76B | €353 | €23 | -€330 | -93.6% |
| Recurring financial income | 75 | €353 | €23 | -€330 | -93.6% |
| Financial charges | 65/66B | €3,412 | €5,526 | +€2,114 | +62.0% |
| Recurring financial charges | 65 | €3,412 | €5,526 | +€2,114 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,444 | -€10,081 | +€5,362 | +34.7% |
| Transfer from deferred taxes | 780 | €777 | €777 | = | 0.0% |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | -€14,803 | -€9,304 | +€5,499 | +37.1% |
| Transfer from tax-exempt reserves | 789 | €2,335 | €2,335 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,468 | -€6,969 | +€5,499 | +44.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.