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.
What changed
DE MEYER
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.9m-€1.1m
Equity
€17.2m
2024 · €15.3m+€1.8m
Cash
€1.3m
2024 · €1.7m-€381,977
Balance sheet total
€17.6m
2024 · €15.6m+€2.0m
Largest movements
Assets
- Current investments +€2.9m
up €2.9m (+235.7%), from €1.3m to €4.2m
- Receivables within one year -€406,426
down €406,426 (-11.0%), from €3.7m to €3.3m
of which Trade receivables: -€602,468
- Cash -€381,977
down €381,977 (-22.9%), from €1.7m to €1.3m
mainly Current investments (-€2.9m) and Stocks and contracts (-€127,893)
Equity and liabilities
- Profit (loss) carried forward +€913,034
up €913,034 (+6.0%), from €15.3m to €16.2m
- Reserves +€912,368
up €912,368 (+3059.1%), from €29,825 to €942,193
of which Tax-exempt reserves: +€912,368
- Trade debts +€247,877
up €247,877 (+297.2%), from €83,397 to €331,274
Income statement
- Turnover -€608,928
down €608,928 (-4.6%), from €13.2m to €12.6m
- Goods and materials +€414,938
up €414,938 (+5.6%), from €7.4m to €7.8m
of which Purchases: +€578,042
- Taxes -€381,911
down €381,911 (-39.0%), from €979,025 to €597,113
- Services and other goods +€360,062
up €360,062 (+24.5%), from €1.5m to €1.8m
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
€2.9m
Turnover
-€608,928
Other operating income
+€33,627
Goods and materials
-€414,938
Services and other goods
-€360,062
Staff costs
-€36,190
Depreciation
+€11,737
Other operating charges
+€3,685
Other operating items
+€17,000
Financial income
-€78,215
Financial charges
-€32,109
Taxes
+€381,911
Result 2025
€1.8m
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
+€2.6m
Investment
-€3.0m
Financing
€0
Cash 2024
€1.7m
From operations (derived)
+€2.6m
Net result for the year
+€1.8m
Depreciation
+€101,426
Stocks and contracts
-€127,893
Receivables within one year
+€406,426
Deferred charges and accrued income
+€150,232
Trade debts
+€247,877
Smaller working-capital items
+€1,164
Accrued charges and deferred income
-€34,950
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€5,901
Current investments
-€2.9m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,550,364 | €17,589,857 | +€2.0m | +13.1% |
| Fixed assets | 21/28 | €337,629 | €242,104 | -€95,525 | -28.3% |
| Tangible fixed assets | 22/27 | €337,629 | €242,104 | -€95,525 | -28.3% |
| Plant, machinery and equipment | 23 | €19,407 | €11,373 | -€8,034 | -41.4% |
| Furniture and vehicles | 24 | €87,801 | €37,290 | -€50,510 | -57.5% |
| Other tangible fixed assets | 26 | €230,421 | €193,441 | -€36,980 | -16.0% |
| Current assets | 29/58 | €15,212,735 | €17,347,753 | +€2.1m | +14.0% |
| Amounts receivable after more than one year | 29 | €7,500,000 | €7,500,000 | = | 0.0% |
| Trade receivables | 290 | €7,500,000 | €7,500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €885,632 | €1,013,526 | +€127,893 | +14.4% |
| Stocks | 30/36 | €885,632 | €1,013,526 | +€127,893 | +14.4% |
| Goods purchased for resale | 34 | €885,632 | €1,013,526 | +€127,893 | +14.4% |
| Amounts receivable within one year | 40/41 | €3,704,700 | €3,298,274 | -€406,426 | -11.0% |
| Trade receivables | 40 | €3,350,586 | €2,748,118 | -€602,468 | -18.0% |
| Other amounts receivable | 41 | €354,115 | €550,156 | +€196,041 | +55.4% |
| Current investments | 50/53 | €1,250,000 | €4,195,760 | +€2.9m | +235.7% |
| Other investments | 51/53 | €1,250,000 | €4,195,760 | +€2.9m | +235.7% |
| Cash at bank and in hand | 54/58 | €1,669,299 | €1,287,322 | -€381,977 | -22.9% |
| Deferred charges and accrued income | 490/1 | €203,103 | €52,871 | -€150,232 | -74.0% |
| Total equity and liabilities | 10/49 | €15,550,364 | €17,589,857 | +€2.0m | +13.1% |
| Equity | 10/15 | €15,348,000 | €17,173,402 | +€1.8m | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,825 | €942,193 | +€912,368 | +3059.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €931,118 | +€912,368 | +4866.0% |
| Distributable reserves | 133 | €9,215 | €9,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,299,576 | €16,212,609 | +€913,034 | +6.0% |
| Amounts payable | 17/49 | €202,364 | €416,455 | +€214,091 | +105.8% |
| Amounts payable within one year | 42/48 | €167,414 | €416,455 | +€249,041 | +148.8% |
| Trade debts | 44 | €83,397 | €331,274 | +€247,877 | +297.2% |
| Suppliers | 440/4 | €83,397 | €331,274 | +€247,877 | +297.2% |
| Taxes, remuneration and social security | 45 | €80,353 | €85,181 | +€4,828 | +6.0% |
| Taxes | 450/3 | €66,968 | €66,921 | -€47 | -0.1% |
| Remuneration and social security | 454/9 | €13,385 | €18,260 | +€4,875 | +36.4% |
| Other amounts payable | 47/48 | €3,664 | €0 | -€3,664 | -100.0% |
| Accrued charges and deferred income | 492/3 | €34,950 | €0 | -€34,950 | -100.0% |
| Operating income | 70/76A | €13,328,978 | €12,776,996 | -€551,982 | -4.1% |
| Turnover | 70 | €13,237,509 | €12,628,581 | -€608,928 | -4.6% |
| Other operating income | 74 | €91,469 | €125,096 | +€33,627 | +36.8% |
| Non-recurring operating income | 76A | - | €23,319 | +€23,319 | |
| Operating charges | 60/66A | €9,590,356 | €10,392,443 | +€802,088 | +8.4% |
| Goods for resale, raw materials and consumables | 60 | €7,385,378 | €7,800,315 | +€414,938 | +5.6% |
| Purchases | 600/8 | €7,350,167 | €7,928,209 | +€578,042 | +7.9% |
| Change in stocks: decrease (increase) | 609 | €35,211 | -€127,893 | -€163,104 | |
| Services and other goods | 61 | €1,469,916 | €1,829,978 | +€360,062 | +24.5% |
| Remuneration, social security and pensions | 62 | €600,496 | €636,686 | +€36,190 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,163 | €101,426 | -€11,737 | -10.4% |
| Other operating charges | 640/8 | €21,403 | €17,718 | -€3,685 | -17.2% |
| Non-recurring operating charges | 66A | - | €6,320 | +€6,320 | |
| Operating profit (loss) | 9901 | €3,738,622 | €2,384,553 | -€1.4m | -36.2% |
| Financial income | 75/76B | €148,573 | €70,357 | -€78,215 | -52.6% |
| Recurring financial income | 75 | €148,573 | €70,357 | -€78,215 | -52.6% |
| Income from financial fixed assets | 750 | €94,688 | €6,325 | -€88,363 | -93.3% |
| Income from current assets | 751 | €34,522 | €39,541 | +€5,019 | +14.5% |
| Other financial income | 752/9 | €19,364 | €24,491 | +€5,128 | +26.5% |
| Financial charges | 65/66B | €286 | €32,396 | +€32,109 | +11223.9% |
| Recurring financial charges | 65 | €286 | €32,396 | +€32,109 | +11223.9% |
| Other financial charges | 652/9 | €286 | €32,396 | +€32,109 | +11223.9% |
| Profit (loss) for the period before taxes | 9903 | €3,886,909 | €2,422,515 | -€1.5m | -37.7% |
| Income taxes | 67/77 | €979,025 | €597,113 | -€381,911 | -39.0% |
| Taxes | 670/3 | €979,025 | €597,113 | -€381,911 | -39.0% |
| Profit (loss) for the period | 9904 | €2,907,884 | €1,825,402 | -€1.1m | -37.2% |
| Transfer to tax-exempt reserves | 689 | - | €912,368 | +€912,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,907,884 | €913,034 | -€2.0m | -68.6% |
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 7 October 2026 via checked.be.