Label Meunier: 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.
Label Meunier
Largest movements
- Intangible fixed assets -€10,872
down €10,872 (-34.2%), from €31,786 to €20,914
- Stocks and contracts -€4,057
down €4,057 (-44.7%), from €9,075 to €5,018
- Cash +€2,960
up €2,960 (+3,935%), from €75 to €3,035
mainly Debts after one year (+€11,091) and Depreciation (+€10,872)
- Receivables within one year +€1,783
up €1,783 (+217%), from €823 to €2,606
of which Trade receivables: +€2,285
- Profit (loss) carried forward -€19,670
down €19,670 (-22.8%), from -€86,095 to -€105,766
- Debts after one year +€11,091
up €11,091 (+12.9%), from €85,835 to €96,926
of which Other amounts payable: +€28,112
- Trade debts -€2,583
down €2,583 (-29.7%), from €8,697 to €6,113
- Tax, wage and social debts +€533
up €533 (+127%), from €420 to €953
- Current portion of long-term debt +€468
up €468 (+2.6%), from €17,803 to €18,271
- Financial charges +€1,471
up €1,471 (+50.7%), from €2,900 to €4,372
- Gross operating margin -€448
down €448 (-13.0%), from -€3,441 to -€3,889
- Other operating charges -€286
down €286 (-34.7%), from €823 to €537
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 | €41,759 | €31,572 | -€10,186 | -24.4% |
| Fixed assets | 21/28 | €31,786 | €20,914 | -€10,872 | -34.2% |
| Intangible fixed assets | 21 | €31,786 | €20,914 | -€10,872 | -34.2% |
| Current assets | 29/58 | €9,973 | €10,659 | +€686 | +6.9% |
| Stocks and contracts in progress | 3 | €9,075 | €5,018 | -€4,057 | -44.7% |
| Stocks | 30/36 | €9,075 | €5,018 | -€4,057 | -44.7% |
| Amounts receivable within one year | 40/41 | €823 | €2,606 | +€1,783 | +217% |
| Trade receivables | 40 | €321 | €2,606 | +€2,285 | +711% |
| Other amounts receivable | 41 | €502 | - | -€502 | |
| Cash at bank and in hand | 54/58 | €75 | €3,035 | +€2,960 | +3,935% |
| Total equity and liabilities | 10/49 | €41,759 | €31,572 | -€10,186 | -24.4% |
| Equity | 10/15 | -€71,095 | -€90,766 | -€19,670 | -27.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,095 | -€105,766 | -€19,670 | -22.8% |
| Amounts payable | 17/49 | €112,854 | €122,338 | +€9,484 | +8.4% |
| Amounts payable after more than one year | 17 | €85,835 | €96,926 | +€11,091 | +12.9% |
| Financial debts | 170/4 | €50,189 | €33,169 | -€17,021 | -33.9% |
| Other amounts payable | 178/9 | €35,646 | €63,757 | +€28,112 | +78.9% |
| Amounts payable within one year | 42/48 | €26,919 | €25,337 | -€1,582 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €17,803 | €18,271 | +€468 | +2.6% |
| Trade debts | 44 | €8,697 | €6,113 | -€2,583 | -29.7% |
| Suppliers | 440/4 | €8,697 | €6,113 | -€2,583 | -29.7% |
| Taxes, remuneration and social security | 45 | €420 | €953 | +€533 | +127% |
| Taxes | 450/3 | €420 | €953 | +€533 | +127% |
| Accrued charges and deferred income | 492/3 | €100 | €75 | -€25 | -25.0% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,872 | €10,872 | = | 0.0% |
| Other operating charges | 640/8 | €823 | €537 | -€286 | -34.7% |
| Gross operating margin | 9900 | -€3,441 | -€3,889 | -€448 | -13.0% |
| Operating profit (loss) | 9901 | -€15,137 | -€15,299 | -€162 | -1.1% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.3% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.3% |
| Financial charges | 65/66B | €2,900 | €4,372 | +€1,471 | +50.7% |
| Recurring financial charges | 65 | €2,900 | €4,372 | +€1,471 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,017 | -€19,670 | -€1,653 | -9.2% |
| Profit (loss) for the period | 9904 | -€18,017 | -€19,670 | -€1,653 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,017 | -€19,670 | -€1,653 | -9.2% |
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 25 October 2026 via checked.be.