Dr Meurrens Sofie: 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 Meurrens Sofie
Largest movements
- Receivables within one year -€148,279
down €148,279 (-78.2%), from €189,633 to €41,354
of which Other amounts receivable: -€148,279
- Cash +€14,363
up €14,363 (+10.2%), from €141,321 to €155,684
mainly Receivables within one year (+€148,279) and Net result for the year (+€57,442)
- Tangible fixed assets -€11,284
down €11,284 (-41.3%), from €27,323 to €16,039
of which Furniture and vehicles: -€6,294
- Reserves -€143,850
down €143,850 (-32.1%), from €448,330 to €304,480
- Financial income -€7,343
down €7,343 (-54.2%), from €13,554 to €6,211
- Gross operating margin -€2,538
down €2,538 (-2.2%), from €114,316 to €111,778
- Taxes -€2,262
down €2,262 (-9.3%), from €24,450 to €22,188
- Depreciation -€1,633
down €1,633 (-9.9%), from €16,520 to €14,887
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 | €485,304 | €338,688 | -€146,617 | -30.2% |
| Fixed assets | 21/28 | €27,323 | €16,039 | -€11,284 | -41.3% |
| Tangible fixed assets | 22/27 | €27,323 | €16,039 | -€11,284 | -41.3% |
| Plant, machinery and equipment | 23 | €1,508 | €501 | -€1,007 | -66.8% |
| Furniture and vehicles | 24 | €11,899 | €5,605 | -€6,294 | -52.9% |
| Other tangible fixed assets | 26 | €13,916 | €9,933 | -€3,983 | -28.6% |
| Current assets | 29/58 | €457,981 | €322,648 | -€135,333 | -29.5% |
| Amounts receivable within one year | 40/41 | €189,633 | €41,354 | -€148,279 | -78.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €189,633 | €41,354 | -€148,279 | -78.2% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,321 | €155,684 | +€14,363 | +10.2% |
| Deferred charges and accrued income | 490/1 | €7,027 | €5,610 | -€1,417 | -20.2% |
| Total equity and liabilities | 10/49 | €485,304 | €338,688 | -€146,617 | -30.2% |
| Equity | 10/15 | €461,583 | €317,734 | -€143,848 | -31.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €448,330 | €304,480 | -€143,850 | -32.1% |
| Distributable reserves | 133 | €448,330 | €304,480 | -€143,850 | -32.1% |
| Profit (loss) carried forward | 14 | €853 | €854 | +€2 | +0.2% |
| Amounts payable | 17/49 | €23,722 | €20,953 | -€2,768 | -11.7% |
| Amounts payable within one year | 42/48 | €23,722 | €20,953 | -€2,768 | -11.7% |
| Trade debts | 44 | €4,623 | €4,923 | +€300 | +6.5% |
| Suppliers | 440/4 | €4,623 | €4,923 | +€300 | +6.5% |
| Taxes, remuneration and social security | 45 | €19,098 | €16,030 | -€3,068 | -16.1% |
| Taxes | 450/3 | €15,585 | €12,205 | -€3,380 | -21.7% |
| Remuneration and social security | 454/9 | €3,513 | €3,825 | +€312 | +8.9% |
| Remuneration, social security and pensions | 62 | €20,123 | €21,035 | +€912 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,520 | €14,887 | -€1,633 | -9.9% |
| Other operating charges | 640/8 | €591 | €744 | +€152 | +25.8% |
| Gross operating margin | 9900 | €114,316 | €111,778 | -€2,538 | -2.2% |
| Operating profit (loss) | 9901 | €77,082 | €75,112 | -€1,970 | -2.6% |
| Financial income | 75/76B | €13,554 | €6,211 | -€7,343 | -54.2% |
| Recurring financial income | 75 | €13,554 | €6,211 | -€7,343 | -54.2% |
| Financial charges | 65/66B | €1,571 | €1,694 | +€123 | +7.8% |
| Recurring financial charges | 65 | €1,571 | €1,694 | +€123 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €89,065 | €79,629 | -€9,436 | -10.6% |
| Income taxes | 67/77 | €24,450 | €22,188 | -€2,262 | -9.3% |
| Profit (loss) for the period | 9904 | €64,615 | €57,442 | -€7,174 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,615 | €57,442 | -€7,174 | -11.1% |
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 15 October 2026 via checked.be.