HANS DE MEYER: what changed
Two fiscal 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.
HANS DE MEYER
Largest movements
- Cash +€46,588
up €46,588 (+94.3%), from €49,401 to €95,989
mainly Net result for the year (+€55,660) and Current investments (+€29,089)
- Current investments -€29,089
down €29,089 (-25.2%), from €115,213 to €86,124
- Receivables within one year -€20,039
down €20,039 (-87.8%), from €22,834 to €2,795
of which Other amounts receivable: -€19,646
- Tangible fixed assets +€10,574
up €10,574 (+2.0%), from €516,080 to €526,654
of which Furniture and vehicles: +€29,331
- Receivables after one year -€7,587
down €7,587 (-49.4%), from €15,372 to €7,785
- Other debts -€65,622
down €65,622 (-91.6%), from €71,660 to €6,038
- Reserves +€55,660
up €55,660 (+17.5%), from €317,884 to €373,544
of which Distributable reserves: +€57,904
- Turnover -€237,390
no longer reported in 2025 (was €237,390)
- Purchases and services -€174,518
no longer reported in 2025 (was €174,518)
- Gross operating margin +€27,272
up €27,272 (+34.2%), from €79,820 to €107,092
- Taxes +€9,820
up €9,820 (+63.5%), from €15,453 to €25,273
- Other operating charges -€5,681
down €5,681 (-55.2%), from €10,298 to €4,617
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.
Cash bridge derived
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 | €721,567 | €721,167 | -€400 | -0.1% |
| Fixed assets | 21/28 | €516,080 | €526,654 | +€10,574 | +2.0% |
| Tangible fixed assets | 22/27 | €516,080 | €526,654 | +€10,574 | +2.0% |
| Land and buildings | 22 | €454,763 | €444,906 | -€9,857 | -2.2% |
| Plant, machinery and equipment | 23 | €57,725 | €48,825 | -€8,900 | -15.4% |
| Furniture and vehicles | 24 | €892 | €30,223 | +€29,331 | +3288.3% |
| Other tangible fixed assets | 26 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €205,487 | €194,513 | -€10,974 | -5.3% |
| Amounts receivable after more than one year | 29 | €15,372 | €7,785 | -€7,587 | -49.4% |
| Other amounts receivable | 291 | €15,372 | €7,785 | -€7,587 | -49.4% |
| Amounts receivable within one year | 40/41 | €22,834 | €2,795 | -€20,039 | -87.8% |
| Trade receivables | 40 | €393 | - | -€393 | |
| Other amounts receivable | 41 | €22,441 | €2,795 | -€19,646 | -87.5% |
| Current investments | 50/53 | €115,213 | €86,124 | -€29,089 | -25.2% |
| Cash at bank and in hand | 54/58 | €49,401 | €95,989 | +€46,588 | +94.3% |
| Deferred charges and accrued income | 490/1 | €2,667 | €1,821 | -€846 | -31.7% |
| Total equity and liabilities | 10/49 | €721,567 | €721,167 | -€400 | -0.1% |
| Equity | 10/15 | €632,764 | €688,424 | +€55,660 | +8.8% |
| Contributions | 10/11 | €14,874 | €14,874 | -€0 | 0.0% |
| Reserves | 13 | €317,884 | €373,544 | +€55,660 | +17.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €39,740 | €37,496 | -€2,244 | -5.6% |
| Distributable reserves | 133 | €276,285 | €334,189 | +€57,904 | +21.0% |
| Profit (loss) carried forward | 14 | €300,006 | €300,006 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €9,935 | €9,374 | -€561 | -5.6% |
| Deferred taxes | 168 | €9,935 | €9,374 | -€561 | -5.6% |
| Amounts payable | 17/49 | €78,868 | €23,369 | -€55,499 | -70.4% |
| Amounts payable within one year | 42/48 | €78,018 | €22,494 | -€55,524 | -71.2% |
| Trade debts | 44 | €2,463 | €7,372 | +€4,909 | +199.3% |
| Suppliers | 440/4 | €2,463 | €7,372 | +€4,909 | +199.3% |
| Taxes, remuneration and social security | 45 | €3,895 | €9,084 | +€5,189 | +133.2% |
| Taxes | 450/3 | €3,893 | €8,479 | +€4,586 | +117.8% |
| Remuneration and social security | 454/9 | €2 | €605 | +€603 | +30163.0% |
| Other amounts payable | 47/48 | €71,660 | €6,038 | -€65,622 | -91.6% |
| Accrued charges and deferred income | 492/3 | €850 | €875 | +€25 | +2.9% |
| Turnover | 70 | €237,390 | - | -€237,390 | |
| Goods, raw materials, services and sundry goods | 60/61 | €174,518 | - | -€174,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,264 | €25,716 | +€3,452 | +15.5% |
| Other operating charges | 640/8 | €10,298 | €4,617 | -€5,681 | -55.2% |
| Gross operating margin | 9900 | €79,820 | €107,092 | +€27,272 | +34.2% |
| Operating profit (loss) | 9901 | €47,258 | €76,759 | +€29,501 | +62.4% |
| Financial income | 75/76B | €1,999 | €3,751 | +€1,752 | +87.7% |
| Recurring financial income | 75 | €1,999 | €3,751 | +€1,752 | +87.7% |
| Financial charges | 65/66B | €619 | €138 | -€481 | -77.6% |
| Recurring financial charges | 65 | €619 | €138 | -€481 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €48,638 | €80,372 | +€31,734 | +65.2% |
| Transfer from deferred taxes | 780 | €561 | €561 | -€0 | 0.0% |
| Income taxes | 67/77 | €15,453 | €25,273 | +€9,820 | +63.5% |
| Profit (loss) for the period | 9904 | €33,746 | €55,660 | +€21,914 | +64.9% |
| Transfer from tax-exempt reserves | 789 | €2,243 | €2,243 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,989 | €57,904 | +€21,915 | +60.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.