JOHAN MEYNZER: 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.
JOHAN MEYNZER
Largest movements
- Tangible fixed assets -€14,708
down €14,708 (-6.9%), from €212,526 to €197,817
of which Leasing and similar rights: -€152,600
- Cash +€2,397
up €2,397 (+74.3%), from €3,226 to €5,623
mainly Net result for the year (+€24,695) and Depreciation (+€14,708)
- Other debts -€19,808
down €19,808 (-22.1%), from €89,732 to €69,924
- Reserves +€19,628
new in 2025: €19,628
- Debts after one year -€15,859
down €15,859 (-15.9%), from €99,473 to €83,614
- Profit (loss) carried forward +€5,068
up €5,068, from -€5,068 to €0
- Gross operating margin +€24,529
up €24,529 (+101%), from €24,342 to €48,870
- Taxes +€5,417
new in 2025: €5,417
- Other operating charges +€1,142
up €1,142 (+207%), from €551 to €1,693
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 | €221,303 | €210,947 | -€10,356 | -4.7% |
| Fixed assets | 21/28 | €212,526 | €197,817 | -€14,708 | -6.9% |
| Tangible fixed assets | 22/27 | €212,526 | €197,817 | -€14,708 | -6.9% |
| Land and buildings | 22 | €54,133 | €194,256 | +€140,123 | +259% |
| Plant, machinery and equipment | 23 | €5,793 | €3,561 | -€2,232 | -38.5% |
| Leasing and similar rights | 25 | €152,600 | €0 | -€152,600 | -100% |
| Current assets | 29/58 | €8,777 | €13,129 | +€4,353 | +49.6% |
| Amounts receivable within one year | 40/41 | €4,595 | €6,395 | +€1,800 | +39.2% |
| Trade receivables | 40 | €3,510 | €4,454 | +€944 | +26.9% |
| Other amounts receivable | 41 | €1,085 | €1,941 | +€856 | +78.9% |
| Cash at bank and in hand | 54/58 | €3,226 | €5,623 | +€2,397 | +74.3% |
| Deferred charges and accrued income | 490/1 | €955 | €1,111 | +€156 | +16.3% |
| Total equity and liabilities | 10/49 | €221,303 | €210,947 | -€10,356 | -4.7% |
| Equity | 10/15 | €13,532 | €38,228 | +€24,695 | +182% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €19,628 | +€19,628 | |
| Distributable reserves | 133 | - | €19,628 | +€19,628 | |
| Profit (loss) carried forward | 14 | -€5,068 | €0 | +€5,068 | |
| Amounts payable | 17/49 | €207,770 | €172,719 | -€35,051 | -16.9% |
| Amounts payable after more than one year | 17 | €99,473 | €83,614 | -€15,859 | -15.9% |
| Financial debts | 170/4 | €99,473 | €83,614 | -€15,859 | -15.9% |
| Amounts payable within one year | 42/48 | €108,297 | €89,105 | -€19,193 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,859 | €15,859 | = | 0.0% |
| Trade debts | 44 | €1,096 | €495 | -€600 | -54.8% |
| Suppliers | 440/4 | €1,096 | €495 | -€600 | -54.8% |
| Taxes, remuneration and social security | 45 | €1,611 | €2,827 | +€1,216 | +75.5% |
| Taxes | 450/3 | €1,611 | €2,827 | +€1,216 | +75.5% |
| Other amounts payable | 47/48 | €89,732 | €69,924 | -€19,808 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,708 | €14,708 | = | 0.0% |
| Other operating charges | 640/8 | €551 | €1,693 | +€1,142 | +207% |
| Gross operating margin | 9900 | €24,342 | €48,870 | +€24,529 | +101% |
| Operating profit (loss) | 9901 | €9,083 | €32,469 | +€23,386 | +257% |
| Financial income | 75/76B | €1 | €8 | +€7 | +475% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +475% |
| Financial charges | 65/66B | €2,626 | €2,365 | -€261 | -9.9% |
| Recurring financial charges | 65 | €2,626 | €2,365 | -€261 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €6,458 | €30,112 | +€23,654 | +366% |
| Income taxes | 67/77 | - | €5,417 | +€5,417 | |
| Profit (loss) for the period | 9904 | €6,458 | €24,695 | +€18,237 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €6,458 | €24,695 | +€18,237 | +282% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.