Joachim Meese: 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.
Joachim Meese
Largest movements
- Cash +€117,961
up €117,961 (+22.4%), from €526,365 to €644,326
mainly Net result for the year (+€117,404) and Depreciation (+€18,360)
- Tangible fixed assets -€18,360
down €18,360 (-45.2%), from €40,639 to €22,279
of which Furniture and vehicles: -€12,173
- Receivables within one year -€7,512
down €7,512 (-18.6%), from €40,396 to €32,885
of which Other amounts receivable: -€11,721
- Reserves +€88,110
up €88,110 (+15.5%), from €568,958 to €657,067
- Gross operating margin -€17,446
down €17,446 (-8.8%), from €198,240 to €180,794
- Financial income +€6,882
up €6,882 (+135%), from €5,089 to €11,971
- Taxes -€2,913
down €2,913 (-4.9%), from €58,970 to €56,057
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 | €608,093 | €699,490 | +€91,397 | +15.0% |
| Fixed assets | 21/28 | €40,639 | €22,279 | -€18,360 | -45.2% |
| Tangible fixed assets | 22/27 | €40,639 | €22,279 | -€18,360 | -45.2% |
| Plant, machinery and equipment | 23 | €8,888 | €2,702 | -€6,187 | -69.6% |
| Furniture and vehicles | 24 | €31,751 | €19,577 | -€12,173 | -38.3% |
| Current assets | 29/58 | €567,454 | €677,211 | +€109,757 | +19.3% |
| Amounts receivable within one year | 40/41 | €40,396 | €32,885 | -€7,512 | -18.6% |
| Trade receivables | 40 | €27,407 | €31,616 | +€4,209 | +15.4% |
| Other amounts receivable | 41 | €12,989 | €1,268 | -€11,721 | -90.2% |
| Cash at bank and in hand | 54/58 | €526,365 | €644,326 | +€117,961 | +22.4% |
| Deferred charges and accrued income | 490/1 | €693 | €0 | -€693 | -100% |
| Total equity and liabilities | 10/49 | €608,093 | €699,490 | +€91,397 | +15.0% |
| Equity | 10/15 | €581,358 | €669,467 | +€88,110 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €568,958 | €657,067 | +€88,110 | +15.5% |
| Distributable reserves | 133 | €568,958 | €657,067 | +€88,110 | +15.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,735 | €30,022 | +€3,287 | +12.3% |
| Amounts payable within one year | 42/48 | €24,669 | €27,955 | +€3,286 | +13.3% |
| Trade debts | 44 | €1,630 | €1,583 | -€47 | -2.9% |
| Suppliers | 440/4 | €1,630 | €1,583 | -€47 | -2.9% |
| Taxes, remuneration and social security | 45 | €18,314 | €21,054 | +€2,741 | +15.0% |
| Taxes | 450/3 | €18,314 | €21,054 | +€2,741 | +15.0% |
| Other amounts payable | 47/48 | €4,726 | €5,318 | +€593 | +12.5% |
| Accrued charges and deferred income | 492/3 | €2,066 | €2,067 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,159 | €18,360 | +€201 | +1.1% |
| Other operating charges | 640/8 | €1,788 | €944 | -€843 | -47.2% |
| Gross operating margin | 9900 | €198,240 | €180,794 | -€17,446 | -8.8% |
| Operating profit (loss) | 9901 | €178,293 | €161,490 | -€16,804 | -9.4% |
| Financial income | 75/76B | €5,089 | €11,971 | +€6,882 | +135% |
| Recurring financial income | 75 | €5,089 | €11,971 | +€6,882 | +135% |
| Profit (loss) for the period before taxes | 9903 | €183,382 | €173,461 | -€9,921 | -5.4% |
| Income taxes | 67/77 | €58,970 | €56,057 | -€2,913 | -4.9% |
| Profit (loss) for the period | 9904 | €124,412 | €117,404 | -€7,008 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,412 | €117,404 | -€7,008 | -5.6% |
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 1 November 2026 via checked.be.