De Meyer Vera: 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 Vera
Largest movements
- Current investments +€158,151
up €158,151 (+66.4%), from €238,236 to €396,387
- Cash -€41,666
down €41,666 (-22.2%), from €187,312 to €145,646
mainly Current investments (-€158,151) and Debts after one year (-€32,100)
- Tangible fixed assets -€36,404
down €36,404 (-8.2%), from €445,506 to €409,102
of which Land and buildings: -€30,959
- Reserves +€112,671
up €112,671 (+19.9%), from €566,594 to €679,265
- Debts after one year -€32,100
down €32,100 (-85.6%), from €37,501 to €5,400
- Gross operating margin +€28,017
up €28,017 (+18.9%), from €148,579 to €176,595
- Financial income +€15,937
up €15,937 (+166%), from €9,589 to €25,527
- Taxes +€10,767
up €10,767 (+33.2%), from €32,450 to €43,217
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 | €875,098 | €957,887 | +€82,788 | +9.5% |
| Fixed assets | 21/28 | €445,506 | €409,102 | -€36,404 | -8.2% |
| Tangible fixed assets | 22/27 | €445,506 | €409,102 | -€36,404 | -8.2% |
| Land and buildings | 22 | €408,562 | €377,603 | -€30,959 | -7.6% |
| Plant, machinery and equipment | 23 | €31,995 | €28,315 | -€3,680 | -11.5% |
| Furniture and vehicles | 24 | €4,949 | €3,184 | -€1,765 | -35.7% |
| Current assets | 29/58 | €429,593 | €548,785 | +€119,192 | +27.7% |
| Amounts receivable within one year | 40/41 | €3,640 | €3,254 | -€386 | -10.6% |
| Trade receivables | 40 | €386 | €0 | -€386 | -100% |
| Other amounts receivable | 41 | €3,254 | €3,254 | = | 0.0% |
| Current investments | 50/53 | €238,236 | €396,387 | +€158,151 | +66.4% |
| Cash at bank and in hand | 54/58 | €187,312 | €145,646 | -€41,666 | -22.2% |
| Deferred charges and accrued income | 490/1 | €405 | €3,499 | +€3,094 | +765% |
| Total equity and liabilities | 10/49 | €875,098 | €957,887 | +€82,788 | +9.5% |
| Equity | 10/15 | €799,694 | €912,365 | +€112,671 | +14.1% |
| Contributions | 10/11 | €233,100 | €233,100 | = | 0.0% |
| Reserves | 13 | €566,594 | €679,265 | +€112,671 | +19.9% |
| Distributable reserves | 133 | €566,594 | €679,265 | +€112,671 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €75,404 | €45,521 | -€29,883 | -39.6% |
| Amounts payable after more than one year | 17 | €37,501 | €5,400 | -€32,100 | -85.6% |
| Financial debts | 170/4 | €37,501 | €5,400 | -€32,100 | -85.6% |
| Amounts payable within one year | 42/48 | €37,903 | €40,121 | +€2,218 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €31,588 | €32,100 | +€512 | +1.6% |
| Trade debts | 44 | €1,769 | €1,539 | -€230 | -13.0% |
| Suppliers | 440/4 | €1,769 | €1,539 | -€230 | -13.0% |
| Taxes, remuneration and social security | 45 | €161 | €6,333 | +€6,172 | +3,844% |
| Taxes | 450/3 | €161 | €6,333 | +€6,172 | +3,844% |
| Other amounts payable | 47/48 | €4,386 | €149 | -€4,237 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,952 | €39,837 | +€885 | +2.3% |
| Other operating charges | 640/8 | €1,059 | €1,092 | +€33 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €148,579 | €176,595 | +€28,017 | +18.9% |
| Operating profit (loss) | 9901 | €108,568 | €135,667 | +€27,099 | +25.0% |
| Financial income | 75/76B | €9,589 | €25,527 | +€15,937 | +166% |
| Recurring financial income | 75 | €9,589 | €25,527 | +€15,937 | +166% |
| Financial charges | 65/66B | €4,517 | €5,306 | +€788 | +17.4% |
| Recurring financial charges | 65 | €4,517 | €5,306 | +€788 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €113,640 | €155,888 | +€42,248 | +37.2% |
| Income taxes | 67/77 | €32,450 | €43,217 | +€10,767 | +33.2% |
| Profit (loss) for the period | 9904 | €81,191 | €112,671 | +€31,480 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,191 | €112,671 | +€31,480 | +38.8% |
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 25 October 2026 via checked.be.