Expertise De Meester: 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.
Expertise De Meester
Largest movements
- Tangible fixed assets +€37,668
up €37,668 (+25.2%), from €149,640 to €187,309
of which Land and buildings: +€42,525
- Receivables within one year -€7,401
down €7,401 (-22.7%), from €32,549 to €25,148
of which Trade receivables: -€14,263
- Current investments +€2,998
up €2,998 (+200%), from €1,500 to €4,498
- Other debts +€43,157
up €43,157 (+241%), from €17,890 to €61,048
- Debts after one year -€10,632
down €10,632 (-14.3%), from €74,245 to €63,612
- Accrued charges and deferred income +€5,139
new in 2025: €5,139
- Trade debts -€4,460
down €4,460 (-52.3%), from €8,520 to €4,060
- Gross operating margin -€13,488
down €13,488 (-35.3%), from €38,250 to €24,762
- Taxes -€4,687
down €4,687 (-65.2%), from €7,193 to €2,506
- Financial charges +€3,136
up €3,136 (+55.9%), from €5,609 to €8,744
- Depreciation +€2,484
up €2,484 (+31.5%), from €7,891 to €10,375
- Other operating charges -€1,349
down €1,349 (-50.2%), from €2,686 to €1,337
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 | €186,639 | €220,643 | +€34,004 | +18.2% |
| Fixed assets | 21/28 | €149,640 | €187,309 | +€37,668 | +25.2% |
| Tangible fixed assets | 22/27 | €149,640 | €187,309 | +€37,668 | +25.2% |
| Land and buildings | 22 | €132,698 | €175,224 | +€42,525 | +32.0% |
| Plant, machinery and equipment | 23 | €1,802 | €1,376 | -€425 | -23.6% |
| Furniture and vehicles | 24 | €15,141 | €10,709 | -€4,432 | -29.3% |
| Current assets | 29/58 | €36,999 | €33,335 | -€3,664 | -9.9% |
| Amounts receivable within one year | 40/41 | €32,549 | €25,148 | -€7,401 | -22.7% |
| Trade receivables | 40 | €29,645 | €15,382 | -€14,263 | -48.1% |
| Other amounts receivable | 41 | €2,904 | €9,766 | +€6,862 | +236% |
| Current investments | 50/53 | €1,500 | €4,498 | +€2,998 | +200% |
| Cash at bank and in hand | 54/58 | €253 | €557 | +€303 | +120% |
| Deferred charges and accrued income | 490/1 | €2,697 | €3,132 | +€435 | +16.1% |
| Total equity and liabilities | 10/49 | €186,639 | €220,643 | +€34,004 | +18.2% |
| Equity | 10/15 | €64,264 | €66,130 | +€1,866 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,300 | €46,166 | +€1,866 | +4.2% |
| Distributable reserves | 133 | €44,300 | €46,166 | +€1,866 | +4.2% |
| Profit (loss) carried forward | 14 | €1,364 | €1,364 | = | 0.0% |
| Amounts payable | 17/49 | €122,376 | €154,513 | +€32,137 | +26.3% |
| Amounts payable after more than one year | 17 | €74,245 | €63,612 | -€10,632 | -14.3% |
| Financial debts | 170/4 | €74,245 | €63,612 | -€10,632 | -14.3% |
| Amounts payable within one year | 42/48 | €48,131 | €85,762 | +€37,630 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €16,859 | €16,508 | -€351 | -2.1% |
| Financial debts | 43 | €273 | €1,650 | +€1,376 | +503% |
| Credit institutions | 430/8 | €273 | €1,650 | +€1,376 | +503% |
| Trade debts | 44 | €8,520 | €4,060 | -€4,460 | -52.3% |
| Suppliers | 440/4 | €8,520 | €4,060 | -€4,460 | -52.3% |
| Taxes, remuneration and social security | 45 | €4,588 | €2,496 | -€2,092 | -45.6% |
| Taxes | 450/3 | €2,588 | €2,496 | -€92 | -3.6% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €17,890 | €61,048 | +€43,157 | +241% |
| Accrued charges and deferred income | 492/3 | - | €5,139 | +€5,139 | |
| Non-recurring operating income | 76A | €2,362 | €0 | -€2,362 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,891 | €10,375 | +€2,484 | +31.5% |
| Other operating charges | 640/8 | €2,686 | €1,337 | -€1,349 | -50.2% |
| Non-recurring operating charges | 66A | -€581 | €0 | +€581 | |
| Gross operating margin | 9900 | €38,250 | €24,762 | -€13,488 | -35.3% |
| Operating profit (loss) | 9901 | €28,253 | €13,050 | -€15,203 | -53.8% |
| Financial income | 75/76B | €6 | €67 | +€61 | +993% |
| Recurring financial income | 75 | €6 | €67 | +€61 | +993% |
| Financial charges | 65/66B | €5,609 | €8,744 | +€3,136 | +55.9% |
| Recurring financial charges | 65 | €5,609 | €8,744 | +€3,136 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €22,650 | €4,372 | -€18,278 | -80.7% |
| Income taxes | 67/77 | €7,193 | €2,506 | -€4,687 | -65.2% |
| Profit (loss) for the period | 9904 | €15,457 | €1,866 | -€13,591 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,457 | €1,866 | -€13,591 | -87.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.