DE MEYER-GARGAM: 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 MEYER-GARGAM
Largest movements
- Cash -€23,567
down €23,567 (-51.9%), from €45,440 to €21,872
mainly Trade debts (-€34,655) and Receivables within one year (-€7,274)
- Receivables within one year +€7,274
up €7,274 (+234%), from €3,108 to €10,382
- Tangible fixed assets -€6,154
down €6,154 (-10.1%), from €61,174 to €55,020
of which Land and buildings: -€5,748
- Trade debts -€34,655
down €34,655 (-94.1%), from €36,845 to €2,190
- Profit (loss) carried forward +€10,583
up €10,583, from -€4,063 to €6,519
- Other debts +€8,545
up €8,545 (+67.0%), from €12,755 to €21,300
- Tax, wage and social debts -€3,935
no longer reported in 2025 (was €3,935)
- Reserves -€2,090
down €2,090 (-3.7%), from €56,752 to €54,662
of which Tax-exempt reserves: -€2,090
- Write-downs -€13,315
no longer reported in 2025 (was €13,315)
- Depreciation -€1,163
down €1,163 (-13.3%), from €8,733 to €7,570
- Taxes +€963
up €963 (+22.1%), from €4,364 to €5,327
- Gross operating margin +€289
up €289 (+1.3%), from €22,432 to €22,721
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.
Derived cash bridge
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 | €109,722 | €87,274 | -€22,448 | -20.5% |
| Fixed assets | 21/28 | €61,174 | €55,020 | -€6,154 | -10.1% |
| Tangible fixed assets | 22/27 | €61,174 | €55,020 | -€6,154 | -10.1% |
| Land and buildings | 22 | €52,604 | €46,856 | -€5,748 | -10.9% |
| Plant, machinery and equipment | 23 | €4,776 | €3,488 | -€1,289 | -27.0% |
| Furniture and vehicles | 24 | €3,793 | €4,676 | +€882 | +23.3% |
| Current assets | 29/58 | €48,548 | €32,255 | -€16,293 | -33.6% |
| Amounts receivable within one year | 40/41 | €3,108 | €10,382 | +€7,274 | +234% |
| Trade receivables | 40 | €3,108 | €10,382 | +€7,274 | +234% |
| Cash at bank and in hand | 54/58 | €45,440 | €21,872 | -€23,567 | -51.9% |
| Total equity and liabilities | 10/49 | €109,722 | €87,274 | -€22,448 | -20.5% |
| Equity | 10/15 | €52,689 | €61,182 | +€8,493 | +16.1% |
| Reserves | 13 | €56,752 | €54,662 | -€2,090 | -3.7% |
| Tax-exempt reserves | 132 | €28,132 | €26,043 | -€2,090 | -7.4% |
| Distributable reserves | 133 | €28,620 | €28,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,063 | €6,519 | +€10,583 | |
| Provisions and deferred taxes | 16 | €3,499 | €2,603 | -€896 | -25.6% |
| Deferred taxes | 168 | €3,499 | €2,603 | -€896 | -25.6% |
| Amounts payable | 17/49 | €53,534 | €23,489 | -€30,044 | -56.1% |
| Amounts payable within one year | 42/48 | €53,534 | €23,489 | -€30,044 | -56.1% |
| Trade debts | 44 | €36,845 | €2,190 | -€34,655 | -94.1% |
| Suppliers | 440/4 | €36,845 | €2,190 | -€34,655 | -94.1% |
| Taxes, remuneration and social security | 45 | €3,935 | - | -€3,935 | |
| Remuneration and social security | 454/9 | €3,935 | - | -€3,935 | |
| Other amounts payable | 47/48 | €12,755 | €21,300 | +€8,545 | +67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,733 | €7,570 | -€1,163 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,315 | - | -€13,315 | |
| Other operating charges | 640/8 | €1,872 | €1,942 | +€70 | +3.8% |
| Gross operating margin | 9900 | €22,432 | €22,721 | +€289 | +1.3% |
| Operating profit (loss) | 9901 | -€1,488 | €13,209 | +€14,697 | |
| Financial charges | 65/66B | €314 | €285 | -€29 | -9.1% |
| Recurring financial charges | 65 | €314 | €285 | -€29 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,802 | €12,924 | +€14,725 | |
| Transfer from deferred taxes | 780 | €896 | €896 | = | 0.0% |
| Income taxes | 67/77 | €4,364 | €5,327 | +€963 | +22.1% |
| Profit (loss) for the period | 9904 | -€5,269 | €8,493 | +€13,762 | |
| Transfer from tax-exempt reserves | 789 | €2,090 | €2,090 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,179 | €10,583 | +€13,762 |
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 14 October 2026 via checked.be.