DOS SANTOS MEES: 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.
DOS SANTOS MEES
Largest movements
- Receivables within one year -€13,537
down €13,537 (-97.3%), from €13,908 to €371
of which Trade receivables: -€13,619
- Cash +€5,671
up €5,671 (+111%), from €5,115 to €10,786
mainly Receivables within one year (+€13,537) and Depreciation (+€1,371)
- Tangible fixed assets -€1,371
down €1,371 (-34.7%), from €3,951 to €2,580
of which Plant, machinery and equipment: -€1,122
- Stocks and contracts -€672
down €672 (-23.3%), from €2,879 to €2,207
- Other debts -€6,688
down €6,688 (-85.4%), from €7,829 to €1,141
- Tax, wage and social debts -€4,119
down €4,119 (-93.6%), from €4,401 to €282
of which Taxes: -€4,078
- Trade debts +€1,034
up €1,034 (+6,237%), from €17 to €1,051
- Reserves -€350
down €350 (-2.9%), from €11,877 to €11,527
- Gross operating margin -€5,802
down €5,802 (-75.8%), from €7,659 to €1,857
- Taxes -€1,359
down €1,359 (-82.8%), from €1,641 to €282
- Depreciation +€655
up €655 (+91.6%), from €716 to €1,371
- Financial charges -€150
down €150 (-36.2%), from €414 to €264
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 | €25,868 | €15,944 | -€9,924 | -38.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,951 | €2,580 | -€1,371 | -34.7% |
| Tangible fixed assets | 22/27 | €3,951 | €2,580 | -€1,371 | -34.7% |
| Plant, machinery and equipment | 23 | €2,915 | €1,793 | -€1,122 | -38.5% |
| Furniture and vehicles | 24 | €1,037 | €788 | -€249 | -24.0% |
| Current assets | 29/58 | €21,917 | €13,364 | -€8,553 | -39.0% |
| Stocks and contracts in progress | 3 | €2,879 | €2,207 | -€672 | -23.3% |
| Stocks | 30/36 | €2,879 | €2,207 | -€672 | -23.3% |
| Amounts receivable within one year | 40/41 | €13,908 | €371 | -€13,537 | -97.3% |
| Trade receivables | 40 | €13,908 | €290 | -€13,619 | -97.9% |
| Other amounts receivable | 41 | - | €82 | +€82 | |
| Cash at bank and in hand | 54/58 | €5,115 | €10,786 | +€5,671 | +111% |
| Deferred charges and accrued income | 490/1 | €15 | - | -€15 | |
| Total equity and liabilities | 10/49 | €25,868 | €15,944 | -€9,924 | -38.4% |
| Equity | 10/15 | €12,877 | €12,527 | -€350 | -2.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €11,877 | €11,527 | -€350 | -2.9% |
| Distributable reserves | 133 | €11,877 | €11,527 | -€350 | -2.9% |
| Amounts payable | 17/49 | €12,991 | €3,417 | -€9,574 | -73.7% |
| Amounts payable within one year | 42/48 | €12,247 | €2,474 | -€9,773 | -79.8% |
| Trade debts | 44 | €17 | €1,051 | +€1,034 | +6,237% |
| Suppliers | 440/4 | €17 | €1,051 | +€1,034 | +6,237% |
| Taxes, remuneration and social security | 45 | €4,401 | €282 | -€4,119 | -93.6% |
| Taxes | 450/3 | €4,360 | €282 | -€4,078 | -93.5% |
| Remuneration and social security | 454/9 | €41 | - | -€41 | |
| Other amounts payable | 47/48 | €7,829 | €1,141 | -€6,688 | -85.4% |
| Accrued charges and deferred income | 492/3 | €744 | €943 | +€199 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €1,371 | +€655 | +91.6% |
| Other operating charges | 640/8 | €249 | €290 | +€41 | +16.6% |
| Gross operating margin | 9900 | €7,659 | €1,857 | -€5,802 | -75.8% |
| Operating profit (loss) | 9901 | €6,694 | €196 | -€6,499 | -97.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €414 | €264 | -€150 | -36.2% |
| Recurring financial charges | 65 | €414 | €264 | -€150 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €6,281 | -€68 | -€6,349 | |
| Income taxes | 67/77 | €1,641 | €282 | -€1,359 | -82.8% |
| Profit (loss) for the period | 9904 | €4,639 | -€350 | -€4,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,639 | -€350 | -€4,990 |
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 22 October 2026 via checked.be.