FERME DE MEUSCHEMEN: 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.
FERME DE MEUSCHEMEN
Largest movements
- Receivables within one year +€116,242
up €116,242 (+27.6%), from €421,463 to €537,705
of which Trade receivables: +€113,992
- Stocks and contracts -€74,131
down €74,131 (-16.5%), from €449,433 to €375,301
- Cash +€19,575
up €19,575 (+3,858%), from €507 to €20,082
mainly Trade debts (+€88,188) and Stocks and contracts (+€74,131)
- Tangible fixed assets -€9,683
down €9,683 (-44.2%), from €21,907 to €12,224
of which Furniture and vehicles: -€8,400
- Trade debts +€88,188
up €88,188 (+20.3%), from €433,881 to €522,068
- Tax, wage and social debts -€49,386
down €49,386 (-74.6%), from €66,214 to €16,828
of which Taxes: -€41,946
- Profit (loss) carried forward +€14,321
up €14,321 (+10.1%), from €141,296 to €155,616
- Purchases and services -€1.9m
no longer reported in 2024 (was €1.9m)
- Staff costs -€20,959
no longer reported in 2024 (was €20,959)
- Gross operating margin -€20,606
down €20,606 (-37.6%), from €54,830 to €34,223
- Depreciation -€3,487
down €3,487 (-26.5%), from €13,170 to €9,683
- Financial charges -€1,781
down €1,781 (-89.6%), from €1,988 to €207
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €895,220 | €946,454 | +€51,234 | +5.7% |
| Fixed assets | 21/28 | €22,098 | €12,415 | -€9,683 | -43.8% |
| Tangible fixed assets | 22/27 | €21,907 | €12,224 | -€9,683 | -44.2% |
| Plant, machinery and equipment | 23 | €2,150 | €868 | -€1,283 | -59.6% |
| Furniture and vehicles | 24 | €19,756 | €11,356 | -€8,400 | -42.5% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €873,122 | €934,039 | +€60,917 | +7.0% |
| Stocks and contracts in progress | 3 | €449,433 | €375,301 | -€74,131 | -16.5% |
| Stocks | 30/36 | €449,433 | €375,301 | -€74,131 | -16.5% |
| Amounts receivable within one year | 40/41 | €421,463 | €537,705 | +€116,242 | +27.6% |
| Trade receivables | 40 | €350,566 | €464,558 | +€113,992 | +32.5% |
| Other amounts receivable | 41 | €70,897 | €73,147 | +€2,250 | +3.2% |
| Cash at bank and in hand | 54/58 | €507 | €20,082 | +€19,575 | +3,858% |
| Deferred charges and accrued income | 490/1 | €1,719 | €950 | -€769 | -44.7% |
| Total equity and liabilities | 10/49 | €895,220 | €946,454 | +€51,234 | +5.7% |
| Equity | 10/15 | €163,209 | €177,530 | +€14,321 | +8.8% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Revaluation surpluses | 12 | €1,463 | €1,463 | = | 0.0% |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | €141,296 | €155,616 | +€14,321 | +10.1% |
| Amounts payable | 17/49 | €732,010 | €768,924 | +€36,913 | +5.0% |
| Amounts payable within one year | 42/48 | €732,010 | €768,924 | +€36,913 | +5.0% |
| Trade debts | 44 | €433,881 | €522,068 | +€88,188 | +20.3% |
| Suppliers | 440/4 | €433,881 | €522,068 | +€88,188 | +20.3% |
| Advances received on contracts in progress | 46 | - | €4,525 | +€4,525 | |
| Taxes, remuneration and social security | 45 | €66,214 | €16,828 | -€49,386 | -74.6% |
| Taxes | 450/3 | €58,658 | €16,712 | -€41,946 | -71.5% |
| Remuneration and social security | 454/9 | €7,556 | €115 | -€7,441 | -98.5% |
| Other amounts payable | 47/48 | €231,915 | €225,502 | -€6,413 | -2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,854,214 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €20,959 | - | -€20,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,170 | €9,683 | -€3,487 | -26.5% |
| Other operating charges | 640/8 | €2,804 | €3,299 | +€496 | +17.7% |
| Gross operating margin | 9900 | €54,830 | €34,223 | -€20,606 | -37.6% |
| Operating profit (loss) | 9901 | €17,897 | €21,241 | +€3,345 | +18.7% |
| Financial income | 75/76B | €0 | €11 | +€10 | +11,656% |
| Recurring financial income | 75 | €0 | €11 | +€10 | +11,656% |
| Financial charges | 65/66B | €1,988 | €207 | -€1,781 | -89.6% |
| Recurring financial charges | 65 | €1,988 | €207 | -€1,781 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €15,909 | €21,045 | +€5,136 | +32.3% |
| Income taxes | 67/77 | €5,413 | €6,724 | +€1,311 | +24.2% |
| Profit (loss) for the period | 9904 | €10,496 | €14,321 | +€3,825 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,496 | €14,321 | +€3,825 | +36.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.