E. VICTOR-MEYER SA: 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
E. VICTOR-MEYER SA
NACE 47.529, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,030
2024 · €10,836+€4,194
Equity
€7.6m
2024 · €7.6m-€9,800
Cash
€319,521
2024 · €366,793-€47,272
Balance sheet total
€19.5m
2024 · €20.0m-€537,050
Largest movements
Assets
- Tangible fixed assets -€546,073
down €546,073 (-6.9%), from €7.9m to €7.4m
Equity and liabilities
- Short-term financial debts -€1.0m
down €1.0m (-15.9%), from €6.3m to €5.3m
- Debts after one year +€525,478
up €525,478 (+17.7%), from €3.0m to €3.5m
Income statement
- Turnover +€1.3m
up €1.3m (+10.7%), from €12.3m to €13.6m
- Goods and materials +€874,312
up €874,312 (+12.6%), from €6.9m to €7.8m
of which Purchases: +€935,895
- Staff costs +€212,464
up €212,464 (+16.0%), from €1.3m to €1.5m
- Depreciation -€175,352
down €175,352 (-15.9%), from €1.1m to €930,650
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.
Result 2024
€10,836
Turnover
+€1.3m
Other operating income
-€84,323
Goods and materials
-€874,312
Services and other goods
-€2,849
Staff costs
-€212,464
Depreciation
+€175,352
Other operating charges
+€4,978
Other operating items
-€378,404
Financial income
-€29,088
Financial charges
+€91,793
Taxes
+€226
Deferred taxes and other
-€2,800
Result 2025
€15,030
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€983,612
Investment
-€358,829
Financing
-€672,055
Cash 2024
€366,793
From operations (derived)
+€983,612
Net result for the year
+€15,030
Depreciation
+€930,650
Stocks and contracts
+€75,432
Receivables within one year
-€83,311
Deferred charges and accrued income
-€74,164
Trade debts
+€165,845
Tax, wage and social debts
+€40,301
Other debts
-€11,437
Accrued charges and deferred income
-€74,734
Investment (derived)
-€358,829
Investment in fixed assets (net)
-€358,829
Financing
-€672,055
Debts after one year
+€525,478
Current portion of long-term debt
-€172,703
Short-term financial debts
-€1.0m
Contributions, distributions and other
-€24,830
Cash 2025
€319,521
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,033,215 | €19,496,165 | -€537,050 | -2.7% |
| Fixed assets | 21/28 | €8,046,359 | €7,474,537 | -€571,821 | -7.1% |
| Intangible fixed assets | 21 | €43,575 | €17,827 | -€25,748 | -59.1% |
| Tangible fixed assets | 22/27 | €7,933,492 | €7,387,419 | -€546,073 | -6.9% |
| Land and buildings | 22 | €5,586,690 | €5,398,163 | -€188,527 | -3.4% |
| Plant, machinery and equipment | 23 | €1,180,522 | €978,914 | -€201,608 | -17.1% |
| Furniture and vehicles | 24 | €56,189 | €41,946 | -€14,243 | -25.3% |
| Leasing and similar rights | 25 | €1,110,091 | €869,081 | -€241,010 | -21.7% |
| Assets under construction and advance payments | 27 | - | €99,314 | +€99,314 | |
| Financial fixed assets | 28 | €69,291 | €69,291 | = | 0.0% |
| Affiliated companies | 280/1 | €61,973 | €61,973 | = | 0.0% |
| Participating interests | 280 | €61,973 | €61,973 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,318 | €7,318 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,318 | €7,318 | = | 0.0% |
| Current assets | 29/58 | €11,986,856 | €12,021,627 | +€34,771 | +0.3% |
| Stocks and contracts in progress | 3 | €9,792,743 | €9,717,311 | -€75,432 | -0.8% |
| Stocks | 30/36 | €9,792,743 | €9,717,311 | -€75,432 | -0.8% |
| Raw materials and consumables | 30/31 | €9,792,743 | €9,717,311 | -€75,432 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,778,252 | €1,861,563 | +€83,311 | +4.7% |
| Trade receivables | 40 | €1,778,252 | €1,861,358 | +€83,105 | +4.7% |
| Other amounts receivable | 41 | - | €206 | +€206 | |
| Cash at bank and in hand | 54/58 | €366,793 | €319,521 | -€47,272 | -12.9% |
| Deferred charges and accrued income | 490/1 | €49,068 | €123,233 | +€74,164 | +151% |
| Total equity and liabilities | 10/49 | €20,033,215 | €19,496,165 | -€537,050 | -2.7% |
| Equity | 10/15 | €7,579,719 | €7,569,919 | -€9,800 | -0.1% |
| Contributions | 10/11 | €4,700,000 | €4,700,000 | = | 0.0% |
| Capital | 10 | €4,700,000 | €4,700,000 | = | 0.0% |
| Issued capital | 100 | €4,700,000 | €4,700,000 | = | 0.0% |
| Reserves | 13 | €186,767 | €151,355 | -€35,412 | -19.0% |
| Non-distributable reserves | 130/1 | €148,204 | €150,859 | +€2,655 | +1.8% |
| Legal reserve | 130 | €148,204 | €150,859 | +€2,655 | +1.8% |
| Tax-exempt reserves | 132 | €38,067 | - | -€38,067 | |
| Distributable reserves | 133 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,553,618 | €2,604,059 | +€50,441 | +2.0% |
| Investment grants | 15 | €139,334 | €114,504 | -€24,830 | -17.8% |
| Amounts payable | 17/49 | €12,453,496 | €11,926,246 | -€527,250 | -4.2% |
| Amounts payable after more than one year | 17 | €2,966,557 | €3,492,035 | +€525,478 | +17.7% |
| Financial debts | 170/4 | €2,966,557 | €3,492,035 | +€525,478 | +17.7% |
| Leasing and similar obligations | 172 | €852,146 | €704,264 | -€147,882 | -17.4% |
| Credit institutions | 173 | €2,114,411 | €2,787,771 | +€673,361 | +31.8% |
| Amounts payable within one year | 42/48 | €9,370,361 | €8,392,366 | -€977,994 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €841,705 | €669,002 | -€172,703 | -20.5% |
| Financial debts | 43 | €6,300,000 | €5,300,000 | -€1.0m | -15.9% |
| Credit institutions | 430/8 | €6,300,000 | €5,300,000 | -€1.0m | -15.9% |
| Trade debts | 44 | €1,886,377 | €2,052,222 | +€165,845 | +8.8% |
| Suppliers | 440/4 | €1,886,377 | €2,052,222 | +€165,845 | +8.8% |
| Taxes, remuneration and social security | 45 | €283,792 | €324,093 | +€40,301 | +14.2% |
| Taxes | 450/3 | €141,110 | €145,577 | +€4,467 | +3.2% |
| Remuneration and social security | 454/9 | €142,682 | €178,516 | +€35,834 | +25.1% |
| Other amounts payable | 47/48 | €58,487 | €47,050 | -€11,437 | -19.6% |
| Accrued charges and deferred income | 492/3 | €116,578 | €41,844 | -€74,734 | -64.1% |
| Operating income | 70/76A | €12,968,285 | €13,810,408 | +€842,123 | +6.5% |
| Turnover | 70 | €12,253,403 | €13,569,490 | +€1.3m | +10.7% |
| Own construction capitalised | 72 | - | €16,640 | +€16,640 | |
| Other operating income | 74 | €222,772 | €138,449 | -€84,323 | -37.9% |
| Non-recurring operating income | 76A | €492,111 | €85,830 | -€406,281 | -82.6% |
| Operating charges | 60/66A | €12,479,235 | €13,377,294 | +€898,059 | +7.2% |
| Goods for resale, raw materials and consumables | 60 | €6,933,666 | €7,807,979 | +€874,312 | +12.6% |
| Purchases | 600/8 | €6,796,652 | €7,732,547 | +€935,895 | +13.8% |
| Change in stocks: decrease (increase) | 609 | €137,014 | €75,432 | -€61,582 | -44.9% |
| Services and other goods | 61 | €2,796,812 | €2,799,661 | +€2,849 | +0.1% |
| Remuneration, social security and pensions | 62 | €1,327,942 | €1,540,406 | +€212,464 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106,002 | €930,650 | -€175,352 | -15.9% |
| Other operating charges | 640/8 | €303,140 | €298,162 | -€4,978 | -1.6% |
| Non-recurring operating charges | 66A | €11,673 | €436 | -€11,237 | -96.3% |
| Operating profit (loss) | 9901 | €489,050 | €433,114 | -€55,936 | -11.4% |
| Financial income | 75/76B | €57,159 | €28,071 | -€29,088 | -50.9% |
| Recurring financial income | 75 | €57,159 | €28,071 | -€29,088 | -50.9% |
| Income from current assets | 751 | €1,325 | €35 | -€1,291 | -97.4% |
| Other financial income | 752/9 | €55,834 | €28,037 | -€27,798 | -49.8% |
| Financial charges | 65/66B | €536,643 | €444,851 | -€91,793 | -17.1% |
| Recurring financial charges | 65 | €536,643 | €444,851 | -€91,793 | -17.1% |
| Debt charges | 650 | €465,482 | €370,581 | -€94,901 | -20.4% |
| Other financial charges | 652/9 | €71,161 | €74,270 | +€3,109 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €9,566 | €16,335 | +€6,769 | +70.8% |
| Transfer from deferred taxes | 780 | €2,800 | - | -€2,800 | |
| Income taxes | 67/77 | €1,530 | €1,305 | -€226 | -14.7% |
| Taxes | 670/3 | €1,530 | €1,305 | -€226 | -14.7% |
| Profit (loss) for the period | 9904 | €10,836 | €15,030 | +€4,194 | +38.7% |
| Transfer from tax-exempt reserves | 789 | €5,438 | €38,067 | +€32,629 | +600% |
| Profit (loss) for the period to be appropriated | 9905 | €16,273 | €53,096 | +€36,823 | +226% |
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 19 October 2026 via checked.be.