DR. L. DE MEESTER: 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. L. DE MEESTER
Largest movements
- Cash +€81,498
up €81,498 (+158%), from €51,453 to €132,951
mainly Net result for the year (+€91,258) and Receivables within one year (+€4,499)
- Tangible fixed assets +€7,829
up €7,829 (+181%), from €4,317 to €12,147
- Deferred charges and accrued income +€4,568
up €4,568 (+43.6%), from €10,478 to €15,046
- Receivables within one year -€4,499
down €4,499 (-99.0%), from €4,543 to €43
- Reserves +€91,258
up €91,258 (+147%), from €62,200 to €153,458
- Tax, wage and social debts -€1,714
down €1,714 (-70.3%), from €2,436 to €723
of which Remuneration and social security: -€2,436
- Gross operating margin +€41,701
up €41,701 (+53.0%), from €78,715 to €120,416
- Taxes +€8,778
up €8,778 (+55.1%), from €15,945 to €24,723
- Depreciation +€3,680
up €3,680 (+751%), from €490 to €4,171
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 | €70,791 | €160,187 | +€89,396 | +126% |
| Fixed assets | 21/28 | €4,317 | €12,147 | +€7,829 | +181% |
| Tangible fixed assets | 22/27 | €4,317 | €12,147 | +€7,829 | +181% |
| Furniture and vehicles | 24 | €4,317 | €12,147 | +€7,829 | +181% |
| Current assets | 29/58 | €66,474 | €148,040 | +€81,566 | +123% |
| Amounts receivable within one year | 40/41 | €4,543 | €43 | -€4,499 | -99.0% |
| Other amounts receivable | 41 | €4,543 | €43 | -€4,499 | -99.0% |
| Cash at bank and in hand | 54/58 | €51,453 | €132,951 | +€81,498 | +158% |
| Deferred charges and accrued income | 490/1 | €10,478 | €15,046 | +€4,568 | +43.6% |
| Total equity and liabilities | 10/49 | €70,791 | €160,187 | +€89,396 | +126% |
| Equity | 10/15 | €67,200 | €158,458 | +€91,258 | +136% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,200 | €153,458 | +€91,258 | +147% |
| Distributable reserves | 133 | €62,200 | €153,458 | +€91,258 | +147% |
| Amounts payable | 17/49 | €3,591 | €1,729 | -€1,863 | -51.9% |
| Amounts payable within one year | 42/48 | €3,591 | €1,729 | -€1,863 | -51.9% |
| Trade debts | 44 | €767 | €1,006 | +€239 | +31.1% |
| Suppliers | 440/4 | €767 | €1,006 | +€239 | +31.1% |
| Taxes, remuneration and social security | 45 | €2,436 | €723 | -€1,714 | -70.3% |
| Taxes | 450/3 | - | €723 | +€723 | |
| Remuneration and social security | 454/9 | €2,436 | €0 | -€2,436 | -100% |
| Other amounts payable | 47/48 | €388 | €0 | -€388 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €4,171 | +€3,680 | +751% |
| Other operating charges | 640/8 | €50 | €219 | +€169 | +339% |
| Gross operating margin | 9900 | €78,715 | €120,416 | +€41,701 | +53.0% |
| Operating profit (loss) | 9901 | €78,175 | €116,026 | +€37,851 | +48.4% |
| Financial charges | 65/66B | €30 | €45 | +€15 | +50.0% |
| Recurring financial charges | 65 | €30 | €45 | +€15 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €78,145 | €115,981 | +€37,836 | +48.4% |
| Income taxes | 67/77 | €15,945 | €24,723 | +€8,778 | +55.1% |
| Profit (loss) for the period | 9904 | €62,200 | €91,258 | +€29,058 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,200 | €91,258 | +€29,058 | +46.7% |
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.