DR. L. 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.
What changed
DR. L. MEYLEMANS
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€220,276
2023 · €194,560+€25,716
Equity
€2.7m
2023 · €2.5m+€220,276
Cash
€98,399
2023 · €124,540-€26,141
Balance sheet total
€3.2m
2023 · €3.0m+€216,701
Largest movements
Assets
- Current investments +€259,190
up €259,190 (+9.5%), from €2.7m to €3.0m
Equity and liabilities
- Reserves +€220,276
up €220,276 (+15.9%), from €1.4m to €1.6m
of which Distributable reserves: +€221,497
Income statement
- Gross operating margin +€24,638
up €24,638 (+9.4%), from €260,891 to €285,529
- Financial income +€19,573
up €19,573 (+61.4%), from €31,871 to €51,444
- Taxes +€18,135
up €18,135 (+22.2%), from €81,608 to €99,743
- Depreciation +€5,545
up €5,545 (+62.1%), from €8,926 to €14,471
From the 2023 result to the 2024 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.
Result 2023
€194,560
Gross operating margin
+€24,638
Depreciation
-€5,545
Other operating charges
+€1,807
Financial income
+€19,573
Financial charges
+€63
Taxes
-€18,135
Deferred taxes and other
+€3,317
Result 2024
€220,276
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€234,657
Investment
-€260,798
Financing
€0
Cash 2023
€124,540
From operations (derived)
+€234,657
Net result for the year
+€220,276
Depreciation
+€14,471
Deferred charges and accrued income
+€3,485
Smaller working-capital items
-€588
Trade debts
+€1,087
Tax, wage and social debts
-€4,074
Investment (derived)
-€260,798
Investment in fixed assets (net)
-€1,608
Current investments
-€259,190
Cash 2024
€98,399
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,989,542 | €3,206,243 | +€216,701 | +7.2% |
| Fixed assets | 21/28 | €118,727 | €105,864 | -€12,863 | -10.8% |
| Tangible fixed assets | 22/27 | €118,727 | €105,864 | -€12,863 | -10.8% |
| Land and buildings | 22 | €56,787 | €56,787 | = | 0.0% |
| Furniture and vehicles | 24 | €61,939 | €49,076 | -€12,863 | -20.8% |
| Current assets | 29/58 | €2,870,815 | €3,100,379 | +€229,564 | +8.0% |
| Current investments | 50/53 | €2,733,485 | €2,992,675 | +€259,190 | +9.5% |
| Cash at bank and in hand | 54/58 | €124,540 | €98,399 | -€26,141 | -21.0% |
| Deferred charges and accrued income | 490/1 | €12,791 | €9,306 | -€3,485 | -27.2% |
| Total equity and liabilities | 10/49 | €2,989,542 | €3,206,243 | +€216,701 | +7.2% |
| Equity | 10/15 | €2,458,869 | €2,679,145 | +€220,276 | +9.0% |
| Contributions | 10/11 | €1,071,973 | €1,071,973 | = | 0.0% |
| Reserves | 13 | €1,386,896 | €1,607,172 | +€220,276 | +15.9% |
| Tax-exempt reserves | 132 | €8,729 | €7,508 | -€1,221 | -14.0% |
| Distributable reserves | 133 | €1,378,167 | €1,599,665 | +€221,497 | +16.1% |
| Provisions and deferred taxes | 16 | €2,910 | €2,503 | -€407 | -14.0% |
| Deferred taxes | 168 | €2,910 | €2,503 | -€407 | -14.0% |
| Amounts payable | 17/49 | €527,763 | €524,595 | -€3,168 | -0.6% |
| Amounts payable within one year | 42/48 | €527,187 | €523,984 | -€3,203 | -0.6% |
| Trade debts | 44 | €1,988 | €3,075 | +€1,087 | +54.7% |
| Suppliers | 440/4 | €1,988 | €3,075 | +€1,087 | +54.7% |
| Taxes, remuneration and social security | 45 | €30,285 | €26,211 | -€4,074 | -13.5% |
| Taxes | 450/3 | €30,285 | €22,872 | -€7,413 | -24.5% |
| Remuneration and social security | 454/9 | - | €3,339 | +€3,339 | |
| Other amounts payable | 47/48 | €494,914 | €494,698 | -€216 | 0.0% |
| Accrued charges and deferred income | 492/3 | €576 | €611 | +€35 | +6.0% |
| Non-recurring operating income | 76A | €22,000 | - | -€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,926 | €14,471 | +€5,545 | +62.1% |
| Other operating charges | 640/8 | €4,387 | €2,581 | -€1,807 | -41.2% |
| Gross operating margin | 9900 | €260,891 | €285,529 | +€24,638 | +9.4% |
| Operating profit (loss) | 9901 | €247,578 | €268,477 | +€20,899 | +8.4% |
| Financial income | 75/76B | €31,871 | €51,444 | +€19,573 | +61.4% |
| Recurring financial income | 75 | €31,871 | €51,444 | +€19,573 | +61.4% |
| Financial charges | 65/66B | €371 | €309 | -€63 | -16.9% |
| Recurring financial charges | 65 | €371 | €309 | -€63 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €279,078 | €319,613 | +€40,535 | +14.5% |
| Transfer from deferred taxes | 780 | €407 | €407 | = | 0.0% |
| Transfer to deferred taxes | 680 | €3,317 | - | -€3,317 | |
| Income taxes | 67/77 | €81,608 | €99,743 | +€18,135 | +22.2% |
| Profit (loss) for the period | 9904 | €194,560 | €220,276 | +€25,716 | +13.2% |
| Transfer from tax-exempt reserves | 789 | €1,221 | €1,221 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €9,950 | - | -€9,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €185,832 | €221,497 | +€35,666 | +19.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.