DR. AGNA MEERT: 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.
DR. AGNA MEERT
Largest movements
- Receivables after one year +€302,874
new in 2025: €302,874
- Receivables within one year -€280,139
down €280,139 (-82.8%), from €338,139 to €58,000
- Cash -€203,375
down €203,375 (-45.9%), from €443,410 to €240,035
mainly Receivables after one year (-€302,874) and Contributions, distributions and other (-€138,937)
- Tangible fixed assets -€20,507
down €20,507 (-23.0%), from €89,316 to €68,809
of which Furniture and vehicles: -€19,934
- Reserves -€110,000
down €110,000 (-17.9%), from €615,000 to €505,000
- Profit (loss) carried forward -€91,192
down €91,192, from €49,557 to -€41,635
- Other debts +€32,769
up €32,769 (+20.1%), from €162,965 to €195,733
- Contributions -€28,137
no longer reported in 2025 (was €28,137)
- Other operating charges +€156,674
up €156,674 (+600%), from €26,116 to €182,790
- Gross operating margin -€107,412
down €107,412 (-50.1%), from €214,573 to €107,162
- Taxes -€45,400
no longer reported in 2025 (was €45,400)
- Depreciation -€3,767
down €3,767 (-15.5%), from €24,274 to €20,507
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 | €870,865 | €670,836 | -€200,029 | -23.0% |
| Fixed assets | 21/28 | €89,316 | €68,809 | -€20,507 | -23.0% |
| Tangible fixed assets | 22/27 | €89,316 | €68,809 | -€20,507 | -23.0% |
| Plant, machinery and equipment | 23 | €9,818 | €9,622 | -€196 | -2.0% |
| Furniture and vehicles | 24 | €76,295 | €56,361 | -€19,934 | -26.1% |
| Other tangible fixed assets | 26 | €3,203 | €2,825 | -€377 | -11.8% |
| Current assets | 29/58 | €781,549 | €602,028 | -€179,522 | -23.0% |
| Amounts receivable after more than one year | 29 | - | €302,874 | +€302,874 | |
| Other amounts receivable | 291 | - | €302,874 | +€302,874 | |
| Amounts receivable within one year | 40/41 | €338,139 | €58,000 | -€280,139 | -82.8% |
| Other amounts receivable | 41 | €338,139 | €58,000 | -€280,139 | -82.8% |
| Cash at bank and in hand | 54/58 | €443,410 | €240,035 | -€203,375 | -45.9% |
| Deferred charges and accrued income | 490/1 | - | €1,119 | +€1,119 | |
| Total equity and liabilities | 10/49 | €870,865 | €670,836 | -€200,029 | -23.0% |
| Equity | 10/15 | €692,694 | €463,365 | -€229,330 | -33.1% |
| Contributions | 10/11 | €28,137 | - | -€28,137 | |
| Reserves | 13 | €615,000 | €505,000 | -€110,000 | -17.9% |
| Distributable reserves | 133 | €615,000 | €505,000 | -€110,000 | -17.9% |
| Profit (loss) carried forward | 14 | €49,557 | -€41,635 | -€91,192 | |
| Amounts payable | 17/49 | €178,171 | €207,472 | +€29,301 | +16.4% |
| Amounts payable within one year | 42/48 | €178,171 | €207,472 | +€29,301 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €2,438 | - | -€2,438 | |
| Trade debts | 44 | €7,769 | €5,999 | -€1,770 | -22.8% |
| Suppliers | 440/4 | €7,769 | €5,999 | -€1,770 | -22.8% |
| Taxes, remuneration and social security | 45 | €5,000 | €5,740 | +€740 | +14.8% |
| Taxes | 450/3 | €5,000 | - | -€5,000 | |
| Remuneration and social security | 454/9 | - | €5,740 | +€5,740 | |
| Other amounts payable | 47/48 | €162,965 | €195,733 | +€32,769 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,274 | €20,507 | -€3,767 | -15.5% |
| Other operating charges | 640/8 | €26,116 | €182,790 | +€156,674 | +600% |
| Gross operating margin | 9900 | €214,573 | €107,162 | -€107,412 | -50.1% |
| Operating profit (loss) | 9901 | €164,184 | -€96,135 | -€260,319 | |
| Financial income | 75/76B | €6,402 | €6,062 | -€340 | -5.3% |
| Recurring financial income | 75 | €6,402 | €6,062 | -€340 | -5.3% |
| Financial charges | 65/66B | €299 | €319 | +€21 | +6.9% |
| Recurring financial charges | 65 | €299 | €319 | +€21 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €170,287 | -€90,392 | -€260,679 | |
| Income taxes | 67/77 | €45,400 | - | -€45,400 | |
| Profit (loss) for the period | 9904 | €124,886 | -€90,392 | -€215,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,886 | -€90,392 | -€215,279 |
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 27 October 2026 via checked.be.