JURGEN DE MEUTTER: 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.
JURGEN DE MEUTTER
Largest movements
- Cash +€76,548
up €76,548 (+883%), from €8,668 to €85,216
mainly Other debts (+€148,446) and Net result for the year (+€148,382)
- Receivables within one year -€28,490
down €28,490 (-95.0%), from €30,000 to €1,510
- Tangible fixed assets -€7,398
down €7,398 (-53.6%), from €13,811 to €6,414
- Reserves -€151,618
down €151,618 (-61.0%), from €248,713 to €97,095
- Other debts +€148,446
up €148,446 (+227%), from €65,378 to €213,824
- Tax, wage and social debts +€44,563
up €44,563 (+689%), from €6,469 to €51,032
- Financial income +€70,930
up €70,930, from €0 to €70,930
- Gross operating margin +€36,656
up €36,656 (+46.9%), from €78,103 to €114,759
- Taxes +€9,139
up €9,139 (+47.2%), from €19,356 to €28,496
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,883 | €384,578 | +€42,694 | +12.5% |
| Fixed assets | 21/28 | €302,449 | €295,051 | -€7,398 | -2.4% |
| Tangible fixed assets | 22/27 | €13,811 | €6,414 | -€7,398 | -53.6% |
| Furniture and vehicles | 24 | €13,811 | €6,414 | -€7,398 | -53.6% |
| Financial fixed assets | 28 | €288,637 | €288,637 | = | 0.0% |
| Current assets | 29/58 | €39,435 | €89,527 | +€50,092 | +127% |
| Amounts receivable within one year | 40/41 | €30,000 | €1,510 | -€28,490 | -95.0% |
| Other amounts receivable | 41 | €30,000 | €1,510 | -€28,490 | -95.0% |
| Cash at bank and in hand | 54/58 | €8,668 | €85,216 | +€76,548 | +883% |
| Deferred charges and accrued income | 490/1 | €767 | €2,801 | +€2,034 | +265% |
| Total equity and liabilities | 10/49 | €341,883 | €384,578 | +€42,694 | +12.5% |
| Equity | 10/15 | €267,901 | €116,282 | -€151,618 | -56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,713 | €97,095 | -€151,618 | -61.0% |
| Distributable reserves | 133 | €248,713 | €97,095 | -€151,618 | -61.0% |
| Profit (loss) carried forward | 14 | €587 | €587 | = | 0.0% |
| Amounts payable | 17/49 | €73,983 | €268,296 | +€194,313 | +263% |
| Amounts payable within one year | 42/48 | €73,983 | €268,296 | +€194,313 | +263% |
| Trade debts | 44 | €2,136 | €3,439 | +€1,304 | +61.1% |
| Suppliers | 440/4 | €2,136 | €3,439 | +€1,304 | +61.1% |
| Taxes, remuneration and social security | 45 | €6,469 | €51,032 | +€44,563 | +689% |
| Taxes | 450/3 | €6,469 | €51,032 | +€44,563 | +689% |
| Other amounts payable | 47/48 | €65,378 | €213,824 | +€148,446 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,159 | €7,398 | +€239 | +3.3% |
| Other operating charges | 640/8 | €1,038 | €1,046 | +€7 | +0.7% |
| Gross operating margin | 9900 | €78,103 | €114,759 | +€36,656 | +46.9% |
| Operating profit (loss) | 9901 | €69,906 | €106,315 | +€36,410 | +52.1% |
| Financial income | 75/76B | €0 | €70,930 | +€70,930 | |
| Recurring financial income | 75 | €0 | €70,930 | +€70,930 | |
| Financial charges | 65/66B | €282 | €368 | +€86 | +30.4% |
| Recurring financial charges | 65 | €282 | €368 | +€86 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €69,623 | €176,877 | +€107,254 | +154% |
| Income taxes | 67/77 | €19,356 | €28,496 | +€9,139 | +47.2% |
| Profit (loss) for the period | 9904 | €50,267 | €148,382 | +€98,114 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €50,267 | €148,382 | +€98,114 | +195% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.