DE MEYER: 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.
What changed
DE MEYER
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€159
2024 · €41,300-€41,141
Equity
€1.1m
2024 · €1.1m+€159
Cash
€251,075
2024 · €211,815+€39,260
Balance sheet total
€5.4m
2024 · €5.0m+€410,339
Largest movements
Assets
- Stocks and contracts +€243,754
up €243,754 (+14.1%), from €1.7m to €2.0m
of which Contracts in progress: +€348,144
- Receivables within one year +€133,081
up €133,081 (+35.3%), from €377,430 to €510,511
of which Other amounts receivable: +€67,157
- Current investments -€90,843
no longer reported in 2025 (was €90,843)
- Tangible fixed assets +€75,663
up €75,663 (+3.0%), from €2.5m to €2.6m
of which Furniture and vehicles: +€233,725
Equity and liabilities
- Trade debts +€200,676
up €200,676 (+52.2%), from €384,363 to €585,039
- Other debts +€137,167
up €137,167 (+12.6%), from €1.1m to €1.2m
- Debts after one year +€63,138
up €63,138 (+3.9%), from €1.6m to €1.7m
Income statement
- Gross operating margin -€130,687
down €130,687 (-8.8%), from €1.5m to €1.4m
- Staff costs -€63,209
down €63,209 (-6.2%), from €1.0m to €959,908
- Taxes -€15,912
down €15,912 (-94.9%), from €16,759 to €846
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.
Result 2024
€41,300
Gross operating margin
-€130,687
Staff costs
+€63,209
Depreciation
-€4,946
Other operating charges
-€477
Financial income
+€3,004
Financial charges
+€12,844
Taxes
+€15,912
Result 2025
€159
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.
From operations
+€234,114
Investment
-€291,421
Financing
+€96,568
Cash 2024
€211,815
From operations (derived)
+€234,114
Net result for the year
+€159
Depreciation
+€306,602
Stocks and contracts
-€243,754
Receivables within one year
-€133,081
Deferred charges and accrued income
-€9,424
Trade debts
+€200,676
Tax, wage and social debts
+€6,934
Other debts
+€137,167
Accrued charges and deferred income
-€31,166
Investment (derived)
-€291,421
Investment in fixed assets (net)
-€382,265
Current investments
+€90,843
Financing
+€96,568
Debts after one year
+€63,138
Current portion of long-term debt
+€33,430
Cash 2025
€251,075
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,953,036 | €5,363,374 | +€410,339 | +8.3% |
| Fixed assets | 21/28 | €2,527,641 | €2,603,304 | +€75,663 | +3.0% |
| Tangible fixed assets | 22/27 | €2,527,641 | €2,603,304 | +€75,663 | +3.0% |
| Land and buildings | 22 | €1,979,587 | €1,876,885 | -€102,702 | -5.2% |
| Plant, machinery and equipment | 23 | €412,248 | €356,888 | -€55,360 | -13.4% |
| Furniture and vehicles | 24 | €135,806 | €369,531 | +€233,725 | +172.1% |
| Current assets | 29/58 | €2,425,395 | €2,760,070 | +€334,676 | +13.8% |
| Stocks and contracts in progress | 3 | €1,729,214 | €1,972,968 | +€243,754 | +14.1% |
| Stocks | 30/36 | €1,427,240 | €1,322,849 | -€104,391 | -7.3% |
| Contracts in progress | 37 | €301,974 | €650,119 | +€348,144 | +115.3% |
| Amounts receivable within one year | 40/41 | €377,430 | €510,511 | +€133,081 | +35.3% |
| Trade receivables | 40 | €325,293 | €391,217 | +€65,924 | +20.3% |
| Other amounts receivable | 41 | €52,137 | €119,294 | +€67,157 | +128.8% |
| Current investments | 50/53 | €90,843 | - | -€90,843 | |
| Cash at bank and in hand | 54/58 | €211,815 | €251,075 | +€39,260 | +18.5% |
| Deferred charges and accrued income | 490/1 | €16,092 | €25,516 | +€9,424 | +58.6% |
| Total equity and liabilities | 10/49 | €4,953,036 | €5,363,374 | +€410,339 | +8.3% |
| Equity | 10/15 | €1,076,480 | €1,076,639 | +€159 | 0.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €501,513 | €501,672 | +€159 | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €451,513 | €451,672 | +€159 | 0.0% |
| Profit (loss) carried forward | 14 | €74,967 | €74,967 | = | 0.0% |
| Amounts payable | 17/49 | €3,876,556 | €4,286,735 | +€410,180 | +10.6% |
| Amounts payable after more than one year | 17 | €1,609,250 | €1,672,389 | +€63,138 | +3.9% |
| Financial debts | 170/4 | €1,609,250 | €1,672,389 | +€63,138 | +3.9% |
| Amounts payable within one year | 42/48 | €2,188,212 | €2,566,419 | +€378,207 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €144,886 | €178,316 | +€33,430 | +23.1% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €384,363 | €585,039 | +€200,676 | +52.2% |
| Suppliers | 440/4 | €384,363 | €585,039 | +€200,676 | +52.2% |
| Taxes, remuneration and social security | 45 | €73,108 | €80,042 | +€6,934 | +9.5% |
| Taxes | 450/3 | €560 | €4,796 | +€4,236 | +756.5% |
| Remuneration and social security | 454/9 | €72,548 | €75,246 | +€2,698 | +3.7% |
| Other amounts payable | 47/48 | €1,085,856 | €1,223,023 | +€137,167 | +12.6% |
| Accrued charges and deferred income | 492/3 | €79,093 | €47,927 | -€31,166 | -39.4% |
| Remuneration, social security and pensions | 62 | €1,023,116 | €959,908 | -€63,209 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301,656 | €306,602 | +€4,946 | +1.6% |
| Other operating charges | 640/8 | €11,531 | €12,009 | +€477 | +4.1% |
| Gross operating margin | 9900 | €1,482,769 | €1,352,082 | -€130,687 | -8.8% |
| Operating profit (loss) | 9901 | €146,465 | €73,564 | -€72,902 | -49.8% |
| Financial income | 75/76B | €2,144 | €5,148 | +€3,004 | +140.1% |
| Recurring financial income | 75 | €2,144 | €5,148 | +€3,004 | +140.1% |
| Financial charges | 65/66B | €90,551 | €77,707 | -€12,844 | -14.2% |
| Recurring financial charges | 65 | €90,551 | €77,707 | -€12,844 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €58,059 | €1,005 | -€57,054 | -98.3% |
| Income taxes | 67/77 | €16,759 | €846 | -€15,912 | -94.9% |
| Profit (loss) for the period | 9904 | €41,300 | €159 | -€41,141 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,300 | €159 | -€41,141 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.