DE MEYER ANN: 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 ANN
Largest movements
- Tangible fixed assets +€103,396
up €103,396 (+79.0%), from €130,859 to €234,255
of which Leasing and similar rights: +€97,726
- Receivables within one year -€25,555
no longer reported in 2025 (was €25,555)
- Cash +€25,301
up €25,301 (+36.7%), from €68,886 to €94,186
mainly Debts after one year (+€69,436) and Net result for the year (+€40,382)
- Receivables after one year -€8,100
down €8,100 (-81.0%), from €10,000 to €1,900
- Current investments +€4,000
new in 2025: €4,000
- Debts after one year +€69,436
up €69,436 (+269.6%), from €25,754 to €95,190
- Other debts +€38,375
new in 2025: €38,375
- Reserves -€17,000
down €17,000 (-10.9%), from €155,587 to €138,587
of which Distributable reserves: -€17,000
- Trade debts +€4,559
up €4,559 (+123.6%), from €3,689 to €8,249
- Gross operating margin -€29,755
down €29,755 (-25.2%), from €117,850 to €88,095
- Depreciation -€10,685
down €10,685 (-27.6%), from €38,652 to €27,966
- Taxes -€5,401
down €5,401 (-23.5%), from €23,000 to €17,599
- Other operating charges -€3,024
down €3,024 (-83.2%), from €3,635 to €611
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 | €235,418 | €334,460 | +€99,042 | +42.1% |
| Fixed assets | 21/28 | €130,977 | €234,374 | +€103,396 | +78.9% |
| Tangible fixed assets | 22/27 | €130,859 | €234,255 | +€103,396 | +79.0% |
| Plant, machinery and equipment | 23 | €11,622 | €10,678 | -€943 | -8.1% |
| Furniture and vehicles | 24 | €2,843 | €9,532 | +€6,689 | +235.3% |
| Leasing and similar rights | 25 | €13,823 | €111,549 | +€97,726 | +707.0% |
| Other tangible fixed assets | 26 | €102,571 | €102,496 | -€75 | -0.1% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €104,441 | €100,086 | -€4,355 | -4.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €1,900 | -€8,100 | -81.0% |
| Other amounts receivable | 291 | €10,000 | €1,900 | -€8,100 | -81.0% |
| Amounts receivable within one year | 40/41 | €25,555 | - | -€25,555 | |
| Other amounts receivable | 41 | €25,555 | - | -€25,555 | |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €68,886 | €94,186 | +€25,301 | +36.7% |
| Total equity and liabilities | 10/49 | €235,418 | €334,460 | +€99,042 | +42.1% |
| Equity | 10/15 | €177,242 | €160,624 | -€16,618 | -9.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Capital | 10 | €12,600 | €12,600 | = | 0.0% |
| Issued capital | 100 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €155,587 | €138,587 | -€17,000 | -10.9% |
| Tax-exempt reserves | 132 | €3,582 | €3,582 | = | 0.0% |
| Distributable reserves | 133 | €152,005 | €135,005 | -€17,000 | -11.2% |
| Profit (loss) carried forward | 14 | €9,055 | €9,437 | +€382 | +4.2% |
| Amounts payable | 17/49 | €58,176 | €173,836 | +€115,660 | +198.8% |
| Amounts payable after more than one year | 17 | €25,754 | €95,190 | +€69,436 | +269.6% |
| Financial debts | 170/4 | €25,754 | €95,190 | +€69,436 | +269.6% |
| Amounts payable within one year | 42/48 | €32,422 | €78,646 | +€46,224 | +142.6% |
| Current portion of amounts payable after more than one year | 42 | €25,733 | €28,879 | +€3,146 | +12.2% |
| Trade debts | 44 | €3,689 | €8,249 | +€4,559 | +123.6% |
| Suppliers | 440/4 | €3,689 | €8,249 | +€4,559 | +123.6% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,143 | +€143 | +4.8% |
| Taxes | 450/3 | €3,000 | €3,143 | +€143 | +4.8% |
| Other amounts payable | 47/48 | - | €38,375 | +€38,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,652 | €27,966 | -€10,685 | -27.6% |
| Other operating charges | 640/8 | €3,635 | €611 | -€3,024 | -83.2% |
| Gross operating margin | 9900 | €117,850 | €88,095 | -€29,755 | -25.2% |
| Operating profit (loss) | 9901 | €75,563 | €59,518 | -€16,045 | -21.2% |
| Financial income | 75/76B | €277 | €121 | -€157 | -56.5% |
| Recurring financial income | 75 | €277 | €121 | -€157 | -56.5% |
| Financial charges | 65/66B | €2,220 | €1,657 | -€563 | -25.4% |
| Recurring financial charges | 65 | €2,220 | €1,657 | -€563 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €73,621 | €57,981 | -€15,639 | -21.2% |
| Income taxes | 67/77 | €23,000 | €17,599 | -€5,401 | -23.5% |
| Profit (loss) for the period | 9904 | €50,621 | €40,382 | -€10,238 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,621 | €40,382 | -€10,238 | -20.2% |
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 6 October 2026 via checked.be.