J. DE MEULEMEESTER: what changed
What changed
J. DE MEULEMEESTER
NACE 46.220, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€7,503
2024 · €233+€7,270
Equity
€229,318
2024 · €221,815+€7,503
Cash
€415,132
2024 · €335,638+€79,494
Balance sheet total
€921,214
2024 · €942,596-€21,382
Largest movements
Assets
- Receivables within one year -€92,733
down €92,733 (-16.3%), from €569,559 to €476,826
of which Trade receivables: -€95,443
- Cash +€79,494
up €79,494 (+23.7%), from €335,638 to €415,132
mainly Receivables within one year (+€92,733) and Net result for the year (+€7,503)
Equity and liabilities
- Trade debts -€15,475
down €15,475 (-3.5%), from €438,430 to €422,955
Income statement
- Financial income +€17,571
up €17,571 (+259%), from €6,782 to €24,354
- Financial charges +€9,245
up €9,245 (+75.1%), from €12,318 to €21,564
- Gross operating margin -€8,330
down €8,330 (-4.1%), from €202,193 to €193,863
- Depreciation -€4,522
down €4,522 (-41.4%), from €10,910 to €6,388
- Staff costs -€4,197
down €4,197 (-2.3%), from €180,078 to €175,882
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
€233
Gross operating margin
-€8,330
Staff costs
+€4,197
Depreciation
+€4,522
Other operating charges
+€295
Other operating items
-€48
Financial income
+€17,571
Financial charges
-€9,245
Taxes
-€1,691
Result 2025
€7,503
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
+€77,739
Investment
+€1,755
Financing
€0
Cash 2024
€335,638
From operations (derived)
+€77,739
Net result for the year
+€7,503
Depreciation
+€6,388
Receivables within one year
+€92,733
Trade debts
-€15,475
Tax, wage and social debts
-€8,419
Other debts
-€300
Accrued charges and deferred income
-€4,691
Investment (derived)
+€1,755
Investment in fixed assets (net)
+€1,755
Cash 2025
€415,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €942,596 | €921,214 | -€21,382 | -2.3% |
| Fixed assets | 21/28 | €17,399 | €9,256 | -€8,144 | -46.8% |
| Intangible fixed assets | 21 | €7 | - | -€7 | |
| Tangible fixed assets | 22/27 | €17,392 | €9,256 | -€8,136 | -46.8% |
| Plant, machinery and equipment | 23 | €12,559 | €9,256 | -€3,303 | -26.3% |
| Furniture and vehicles | 24 | €4,833 | - | -€4,833 | |
| Current assets | 29/58 | €925,196 | €911,958 | -€13,238 | -1.4% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €569,559 | €476,826 | -€92,733 | -16.3% |
| Trade receivables | 40 | €551,509 | €456,066 | -€95,443 | -17.3% |
| Other amounts receivable | 41 | €18,050 | €20,760 | +€2,710 | +15.0% |
| Cash at bank and in hand | 54/58 | €335,638 | €415,132 | +€79,494 | +23.7% |
| Total equity and liabilities | 10/49 | €942,596 | €921,214 | -€21,382 | -2.3% |
| Equity | 10/15 | €221,815 | €229,318 | +€7,503 | +3.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,315 | €91,818 | +€7,503 | +8.9% |
| Amounts payable | 17/49 | €720,781 | €691,896 | -€28,885 | -4.0% |
| Amounts payable within one year | 42/48 | €702,990 | €678,796 | -€24,194 | -3.4% |
| Trade debts | 44 | €438,430 | €422,955 | -€15,475 | -3.5% |
| Suppliers | 440/4 | €438,430 | €422,955 | -€15,475 | -3.5% |
| Taxes, remuneration and social security | 45 | €26,772 | €18,353 | -€8,419 | -31.4% |
| Taxes | 450/3 | €2,932 | €4,793 | +€1,861 | +63.5% |
| Remuneration and social security | 454/9 | €23,840 | €13,560 | -€10,280 | -43.1% |
| Other amounts payable | 47/48 | €237,788 | €237,488 | -€300 | -0.1% |
| Accrued charges and deferred income | 492/3 | €17,791 | €13,100 | -€4,691 | -26.4% |
| Remuneration, social security and pensions | 62 | €180,078 | €175,882 | -€4,197 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,910 | €6,388 | -€4,522 | -41.4% |
| Other operating charges | 640/8 | €3,706 | €3,411 | -€295 | -8.0% |
| Non-recurring operating charges | 66A | - | €48 | +€48 | |
| Gross operating margin | 9900 | €202,193 | €193,863 | -€8,330 | -4.1% |
| Operating profit (loss) | 9901 | €7,498 | €8,133 | +€636 | +8.5% |
| Financial income | 75/76B | €6,782 | €24,354 | +€17,571 | +259% |
| Recurring financial income | 75 | €6,782 | €24,354 | +€17,571 | +259% |
| Financial charges | 65/66B | €12,318 | €21,564 | +€9,245 | +75.1% |
| Recurring financial charges | 65 | €12,318 | €21,564 | +€9,245 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | €1,961 | €10,923 | +€8,962 | +457% |
| Income taxes | 67/77 | €1,729 | €3,420 | +€1,691 | +97.8% |
| Profit (loss) for the period | 9904 | €233 | €7,503 | +€7,270 | +3,123% |
| Profit (loss) for the period to be appropriated | 9905 | €233 | €7,503 | +€7,270 | +3,123% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.