Garage Meeus: 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.
Garage Meeus
Largest movements
- Receivables within one year -€127,970
down €127,970 (-42.4%), from €302,104 to €174,134
of which Other amounts receivable: -€117,081
- Cash +€5,860
up €5,860 (+13.8%), from €42,501 to €48,361
mainly Receivables within one year (+€127,970) and Investment in fixed assets (net) (+€1,971)
- Contributions -€54,080
down €54,080 (-27.0%), from €200,000 to €145,920
- Other debts -€41,987
down €41,987 (-93.7%), from €44,800 to €2,813
- Reserves -€21,513
down €21,513 (-10.8%), from €198,546 to €177,034
of which Non-distributable reserves: -€20,000
- Gross operating margin -€105,308
down €105,308, from €90,632 to -€14,676
- Taxes -€13,260
down €13,260 (-100%), from €13,260 to €0
- Financial income -€5,658
down €5,658 (-32.7%), from €17,304 to €11,645
- Other operating charges +€4,084
up €4,084 (+48.3%), from €8,447 to €12,531
- Financial charges -€1,818
down €1,818 (-92.4%), from €1,968 to €150
of which Financial charges: -€1,818
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 | €470,233 | €345,723 | -€124,510 | -26.5% |
| Fixed assets | 21/28 | €87,997 | €86,026 | -€1,971 | -2.2% |
| Tangible fixed assets | 22/27 | €86,026 | €86,026 | = | 0.0% |
| Land and buildings | 22 | €78,454 | €78,454 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,572 | €7,572 | = | 0.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,971 | €0 | -€1,971 | -100% |
| Current assets | 29/58 | €382,236 | €259,697 | -€122,539 | -32.1% |
| Stocks and contracts in progress | 3 | €37,202 | €37,202 | = | 0.0% |
| Stocks | 30/36 | €37,202 | €37,202 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €302,104 | €174,134 | -€127,970 | -42.4% |
| Trade receivables | 40 | €19,747 | €8,858 | -€10,890 | -55.1% |
| Other amounts receivable | 41 | €282,357 | €165,276 | -€117,081 | -41.5% |
| Cash at bank and in hand | 54/58 | €42,501 | €48,361 | +€5,860 | +13.8% |
| Deferred charges and accrued income | 490/1 | €429 | €0 | -€429 | -100% |
| Total equity and liabilities | 10/49 | €470,233 | €345,723 | -€124,510 | -26.5% |
| Equity | 10/15 | €398,546 | €319,339 | -€79,207 | -19.9% |
| Contributions | 10/11 | €200,000 | €145,920 | -€54,080 | -27.0% |
| Reserves | 13 | €198,546 | €177,034 | -€21,513 | -10.8% |
| Non-distributable reserves | 130/1 | €20,000 | €0 | -€20,000 | -100% |
| Reserves not available under the articles | 1311 | €20,000 | €0 | -€20,000 | -100% |
| Tax-exempt reserves | 132 | €45,950 | €44,437 | -€1,513 | -3.3% |
| Distributable reserves | 133 | €132,597 | €132,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,614 | -€3,614 | |
| Provisions and deferred taxes | 16 | €9,940 | €9,436 | -€504 | -5.1% |
| Deferred taxes | 168 | €9,940 | €9,436 | -€504 | -5.1% |
| Amounts payable | 17/49 | €61,746 | €16,948 | -€44,798 | -72.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €61,746 | €16,948 | -€44,798 | -72.6% |
| Trade debts | 44 | €3,247 | €430 | -€2,816 | -86.7% |
| Suppliers | 440/4 | €3,247 | €430 | -€2,816 | -86.7% |
| Taxes, remuneration and social security | 45 | €13,699 | €13,704 | +€5 | 0.0% |
| Taxes | 450/3 | €13,699 | €13,704 | +€5 | 0.0% |
| Other amounts payable | 47/48 | €44,800 | €2,813 | -€41,987 | -93.7% |
| Non-recurring operating income | 76A | €90,825 | €0 | -€90,825 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €8,447 | €12,531 | +€4,084 | +48.3% |
| Gross operating margin | 9900 | €90,632 | -€14,676 | -€105,308 | |
| Operating profit (loss) | 9901 | €82,185 | -€27,207 | -€109,392 | |
| Financial income | 75/76B | €17,304 | €11,645 | -€5,658 | -32.7% |
| Recurring financial income | 75 | €17,304 | €11,645 | -€5,658 | -32.7% |
| Financial charges | 65/66B | €1,968 | €150 | -€1,818 | -92.4% |
| Recurring financial charges | 65 | €1,968 | €150 | -€1,818 | -92.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €97,520 | -€15,711 | -€113,232 | |
| Transfer from deferred taxes | 780 | €12,084 | €504 | -€11,580 | -95.8% |
| Income taxes | 67/77 | €13,260 | €0 | -€13,260 | -100% |
| Profit (loss) for the period | 9904 | €96,345 | -€15,207 | -€111,552 | |
| Transfer from tax-exempt reserves | 789 | €36,252 | €1,513 | -€34,739 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €132,597 | -€13,694 | -€146,291 |
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 27 October 2026 via checked.be.