Erich MEYER - GILLESSEN: what changed
What changed
Erich MEYER - GILLESSEN
NACE 46.839, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€212,468
2024 · €332,987-€120,519
Equity
€901,029
2024 · €688,561+€212,468
Cash
€140,178
2024 · €236,349-€96,170
Balance sheet total
€1.2m
2024 · €1.3m-€110,426
Largest movements
Assets
- Cash -€96,170
down €96,170 (-40.7%), from €236,349 to €140,178
mainly Other debts (-€350,000) and Investment in fixed assets (net) (-€73,770)
- Stocks and contracts -€23,917
down €23,917 (-3.4%), from €706,661 to €682,744
Equity and liabilities
- Other debts -€350,000
no longer reported in 2025 (was €350,000)
- Profit (loss) carried forward +€212,468
up €212,468 (+3,239%), from €6,561 to €219,029
- Trade debts +€32,963
up €32,963 (+21.1%), from €156,436 to €189,399
Income statement
- Gross operating margin -€140,580
down €140,580 (-15.3%), from €921,030 to €780,450
- Taxes -€9,275
down €9,275 (-11.7%), from €79,313 to €70,038
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.
Result 2024
€332,987
Gross operating margin
-€140,580
Staff costs
+€8,121
Depreciation
-€4,260
Other operating charges
-€272
Other operating items
+€5
Financial income
+€1,443
Financial charges
+€5,749
Taxes
+€9,275
Result 2025
€212,468
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€22,401
Investment
-€73,770
Financing
€0
Cash 2024
€236,349
From operations (derived)
-€22,401
Net result for the year
+€212,468
Depreciation
+€67,742
Stocks and contracts
+€23,917
Receivables within one year
-€3,920
Smaller working-capital items
+€160
Trade debts
+€32,963
Tax, wage and social debts
-€5,730
Other debts
-€350,000
Investment (derived)
-€73,770
Investment in fixed assets (net)
-€73,770
Cash 2025
€140,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,277,414 | €1,166,988 | -€110,426 | -8.6% |
| Fixed assets | 21/28 | €131,101 | €137,128 | +€6,028 | +4.6% |
| Tangible fixed assets | 22/27 | €130,729 | €136,756 | +€6,028 | +4.6% |
| Land and buildings | 22 | €6,225 | €545 | -€5,679 | -91.2% |
| Plant, machinery and equipment | 23 | €23,345 | €9,525 | -€13,820 | -59.2% |
| Furniture and vehicles | 24 | €101,159 | €126,686 | +€25,527 | +25.2% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €1,146,313 | €1,029,860 | -€116,453 | -10.2% |
| Stocks and contracts in progress | 3 | €706,661 | €682,744 | -€23,917 | -3.4% |
| Stocks | 30/36 | €706,661 | €682,744 | -€23,917 | -3.4% |
| Amounts receivable within one year | 40/41 | €202,907 | €206,827 | +€3,920 | +1.9% |
| Trade receivables | 40 | €198,480 | €202,882 | +€4,403 | +2.2% |
| Other amounts receivable | 41 | €4,427 | €3,945 | -€482 | -10.9% |
| Cash at bank and in hand | 54/58 | €236,349 | €140,178 | -€96,170 | -40.7% |
| Deferred charges and accrued income | 490/1 | €397 | €110 | -€287 | -72.3% |
| Total equity and liabilities | 10/49 | €1,277,414 | €1,166,988 | -€110,426 | -8.6% |
| Equity | 10/15 | €688,561 | €901,029 | +€212,468 | +30.9% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €62,000 | €62,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Legal reserve | 130 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,561 | €219,029 | +€212,468 | +3,239% |
| Amounts payable | 17/49 | €588,853 | €265,959 | -€322,894 | -54.8% |
| Amounts payable within one year | 42/48 | €588,508 | €265,741 | -€322,767 | -54.8% |
| Trade debts | 44 | €156,436 | €189,399 | +€32,963 | +21.1% |
| Suppliers | 440/4 | €156,436 | €189,399 | +€32,963 | +21.1% |
| Taxes, remuneration and social security | 45 | €82,073 | €76,342 | -€5,730 | -7.0% |
| Taxes | 450/3 | €29,292 | €17,070 | -€12,222 | -41.7% |
| Remuneration and social security | 454/9 | €52,781 | €59,272 | +€6,492 | +12.3% |
| Other amounts payable | 47/48 | €350,000 | - | -€350,000 | |
| Accrued charges and deferred income | 492/3 | €345 | €218 | -€127 | -36.7% |
| Non-recurring operating income | 76A | €42,437 | €83,283 | +€40,846 | +96.3% |
| Remuneration, social security and pensions | 62 | €477,741 | €469,620 | -€8,121 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,482 | €67,742 | +€4,260 | +6.7% |
| Other operating charges | 640/8 | €11,701 | €11,974 | +€272 | +2.3% |
| Non-recurring operating charges | 66A | €708 | €703 | -€5 | -0.7% |
| Gross operating margin | 9900 | €921,030 | €780,450 | -€140,580 | -15.3% |
| Operating profit (loss) | 9901 | €367,398 | €230,411 | -€136,987 | -37.3% |
| Financial income | 75/76B | €98,176 | €99,620 | +€1,443 | +1.5% |
| Recurring financial income | 75 | €98,176 | €99,620 | +€1,443 | +1.5% |
| Financial charges | 65/66B | €53,274 | €47,524 | -€5,749 | -10.8% |
| Recurring financial charges | 65 | €53,274 | €47,524 | -€5,749 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €412,300 | €282,506 | -€129,794 | -31.5% |
| Income taxes | 67/77 | €79,313 | €70,038 | -€9,275 | -11.7% |
| Profit (loss) for the period | 9904 | €332,987 | €212,468 | -€120,519 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €332,987 | €212,468 | -€120,519 | -36.2% |
Next steps
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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 3 November 2026 via checked.be.