Dr. Meuwissen: what changed
Dr. Meuwissen
Largest movements
- Cash +€104,424
up €104,424 (+107%), from €97,431 to €201,855
mainly Net result for the year (+€39,752) and Depreciation (+€23,785)
- Receivables within one year -€22,673
down €22,673 (-90.6%), from €25,033 to €2,360
of which Trade receivables: -€14,097
- Deferred charges and accrued income +€19,671
up €19,671 (+1,536%), from €1,280 to €20,951
- Intangible fixed assets -€17,742
down €17,742 (-54.5%), from €32,526 to €14,785
- Tangible fixed assets -€6,043
down €6,043 (-19.5%), from €30,946 to €24,903
of which Furniture and vehicles: -€3,662
- Reserves +€39,752
up €39,752 (+36.0%), from €110,436 to €150,188
- Tax, wage and social debts +€23,099
up €23,099 (+496%), from €4,654 to €27,753
of which Remuneration and social security: +€15,417
- Other debts +€9,055
up €9,055 (+6.6%), from €136,976 to €146,031
- Trade debts +€8,300
up €8,300 (+150%), from €5,544 to €13,844
- Gross operating margin +€31,169
up €31,169 (+36.7%), from €84,957 to €116,126
- Staff costs +€11,631
up €11,631 (+70.2%), from €16,563 to €28,194
- Taxes +€7,003
up €7,003 (+74.3%), from €9,424 to €16,427
- Financial income +€3,767
up €3,767 (+6,278,767%), from €0 to €3,767
- Financial charges -€1,183
down €1,183 (-10.6%), from €11,129 to €9,946
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,234 | €411,870 | +€77,636 | +23.2% |
| Fixed assets | 21/28 | €63,473 | €39,688 | -€23,785 | -37.5% |
| Intangible fixed assets | 21 | €32,526 | €14,785 | -€17,742 | -54.5% |
| Tangible fixed assets | 22/27 | €30,946 | €24,903 | -€6,043 | -19.5% |
| Land and buildings | 22 | €18,836 | €16,454 | -€2,382 | -12.6% |
| Furniture and vehicles | 24 | €12,111 | €8,449 | -€3,662 | -30.2% |
| Current assets | 29/58 | €270,761 | €372,182 | +€101,421 | +37.5% |
| Amounts receivable within one year | 40/41 | €25,033 | €2,360 | -€22,673 | -90.6% |
| Trade receivables | 40 | €16,457 | €2,360 | -€14,097 | -85.7% |
| Other amounts receivable | 41 | €8,576 | - | -€8,576 | |
| Current investments | 50/53 | €147,016 | €147,016 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,431 | €201,855 | +€104,424 | +107% |
| Deferred charges and accrued income | 490/1 | €1,280 | €20,951 | +€19,671 | +1,536% |
| Total equity and liabilities | 10/49 | €334,234 | €411,870 | +€77,636 | +23.2% |
| Equity | 10/15 | €184,489 | €224,242 | +€39,752 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,436 | €150,188 | +€39,752 | +36.0% |
| Distributable reserves | 133 | €110,436 | €150,188 | +€39,752 | +36.0% |
| Profit (loss) carried forward | 14 | €55,453 | €55,453 | = | 0.0% |
| Amounts payable | 17/49 | €149,744 | €187,628 | +€37,884 | +25.3% |
| Amounts payable within one year | 42/48 | €147,175 | €187,628 | +€40,454 | +27.5% |
| Trade debts | 44 | €5,544 | €13,844 | +€8,300 | +150% |
| Suppliers | 440/4 | €5,544 | €13,844 | +€8,300 | +150% |
| Taxes, remuneration and social security | 45 | €4,654 | €27,753 | +€23,099 | +496% |
| Taxes | 450/3 | - | €7,681 | +€7,681 | |
| Remuneration and social security | 454/9 | €4,654 | €20,072 | +€15,417 | +331% |
| Other amounts payable | 47/48 | €136,976 | €146,031 | +€9,055 | +6.6% |
| Accrued charges and deferred income | 492/3 | €2,570 | - | -€2,570 | |
| Remuneration, social security and pensions | 62 | €16,563 | €28,194 | +€11,631 | +70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,613 | €23,785 | +€172 | +0.7% |
| Other operating charges | 640/8 | €640 | €1,789 | +€1,149 | +179% |
| Gross operating margin | 9900 | €84,957 | €116,126 | +€31,169 | +36.7% |
| Operating profit (loss) | 9901 | €44,140 | €62,358 | +€18,217 | +41.3% |
| Financial income | 75/76B | €0 | €3,767 | +€3,767 | +6,278,767% |
| Recurring financial income | 75 | €0 | €3,767 | +€3,767 | +6,278,767% |
| Financial charges | 65/66B | €11,129 | €9,946 | -€1,183 | -10.6% |
| Recurring financial charges | 65 | €11,129 | €9,946 | -€1,183 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €33,011 | €56,179 | +€23,168 | +70.2% |
| Income taxes | 67/77 | €9,424 | €16,427 | +€7,003 | +74.3% |
| Profit (loss) for the period | 9904 | €23,587 | €39,752 | +€16,165 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,587 | €39,752 | +€16,165 | +68.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.