Dr. Antoon Meylemans: 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. Antoon Meylemans
Largest movements
- Cash +€531,724
up €531,724 (+216%), from €245,634 to €777,358
mainly Current investments (+€300,000) and Other debts (+€267,427)
- Current investments -€300,000
down €300,000 (-75.0%), from €400,000 to €100,000
- Deferred charges and accrued income -€37,471
no longer reported in 2025 (was €37,471)
- Tangible fixed assets -€11,513
down €11,513 (-39.1%), from €29,465 to €17,952
of which Furniture and vehicles: -€8,400
- Other debts +€267,427
up €267,427 (+40,220%), from €665 to €268,092
- Reserves -€70,998
down €70,998 (-10.2%), from €695,251 to €624,254
- Tax, wage and social debts -€11,514
no longer reported in 2025 (was €11,514)
- Gross operating margin -€15,058
down €15,058 (-5.3%), from €286,581 to €271,523
- Taxes -€15,056
down €15,056 (-17.0%), from €88,423 to €73,366
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 | €712,571 | €895,309 | +€182,738 | +25.6% |
| Fixed assets | 21/28 | €29,465 | €17,952 | -€11,513 | -39.1% |
| Tangible fixed assets | 22/27 | €29,465 | €17,952 | -€11,513 | -39.1% |
| Plant, machinery and equipment | 23 | €9,132 | €7,570 | -€1,561 | -17.1% |
| Furniture and vehicles | 24 | €11,454 | €3,055 | -€8,400 | -73.3% |
| Other tangible fixed assets | 26 | €8,879 | €7,327 | -€1,552 | -17.5% |
| Current assets | 29/58 | €683,106 | €877,358 | +€194,251 | +28.4% |
| Amounts receivable within one year | 40/41 | €2 | - | -€2 | |
| Trade receivables | 40 | €2 | - | -€2 | |
| Current investments | 50/53 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €245,634 | €777,358 | +€531,724 | +216% |
| Deferred charges and accrued income | 490/1 | €37,471 | - | -€37,471 | |
| Total equity and liabilities | 10/49 | €712,571 | €895,309 | +€182,738 | +25.6% |
| Equity | 10/15 | €696,251 | €625,254 | -€70,998 | -10.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €695,251 | €624,254 | -€70,998 | -10.2% |
| Distributable reserves | 133 | €695,251 | €624,254 | -€70,998 | -10.2% |
| Amounts payable | 17/49 | €16,320 | €270,056 | +€253,736 | +1,555% |
| Amounts payable within one year | 42/48 | €14,203 | €270,056 | +€255,852 | +1,801% |
| Trade debts | 44 | €2,025 | €1,964 | -€60 | -3.0% |
| Suppliers | 440/4 | €2,025 | €1,964 | -€60 | -3.0% |
| Taxes, remuneration and social security | 45 | €11,514 | - | -€11,514 | |
| Taxes | 450/3 | €11,514 | - | -€11,514 | |
| Other amounts payable | 47/48 | €665 | €268,092 | +€267,427 | +40,220% |
| Accrued charges and deferred income | 492/3 | €2,116 | - | -€2,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,284 | €11,513 | +€1,229 | +12.0% |
| Other operating charges | 640/8 | €1,127 | €763 | -€365 | -32.4% |
| Gross operating margin | 9900 | €286,581 | €271,523 | -€15,058 | -5.3% |
| Operating profit (loss) | 9901 | €275,170 | €259,247 | -€15,923 | -5.8% |
| Financial income | 75/76B | €12,342 | €11,222 | -€1,120 | -9.1% |
| Recurring financial income | 75 | €12,342 | €11,222 | -€1,120 | -9.1% |
| Financial charges | 65/66B | €121 | €593 | +€472 | +389% |
| Recurring financial charges | 65 | €121 | €593 | +€472 | +389% |
| Profit (loss) for the period before taxes | 9903 | €287,391 | €269,876 | -€17,515 | -6.1% |
| Income taxes | 67/77 | €88,423 | €73,366 | -€15,056 | -17.0% |
| Profit (loss) for the period | 9904 | €198,968 | €196,509 | -€2,458 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €198,968 | €196,509 | -€2,458 | -1.2% |
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 23 October 2026 via checked.be.