M. DE MEIJER: 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.
M. DE MEIJER
Largest movements
- Current investments -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Tangible fixed assets -€17,289
down €17,289 (-7.5%), from €229,011 to €211,721
of which Land and buildings: -€11,332
- Cash -€13,865
down €13,865 (-25.8%), from €53,798 to €39,933
mainly Debts after one year (-€19,229) and Net result for the year (-€18,603)
- Debts after one year -€19,229
down €19,229 (-62.0%), from €31,006 to €11,777
of which Financial debts: -€19,229
- Profit (loss) carried forward -€18,603
down €18,603 (-36.4%), from €51,042 to €32,439
- Trade debts -€14,894
down €14,894 (-89.2%), from €16,692 to €1,798
- Gross operating margin -€328,190
down €328,190 (-99.5%), from €329,841 to €1,651
- Taxes -€64,313
down €64,313 (-99.6%), from €64,580 to €267
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 | €423,031 | €366,018 | -€57,014 | -13.5% |
| Fixed assets | 21/28 | €229,692 | €212,403 | -€17,289 | -7.5% |
| Tangible fixed assets | 22/27 | €229,011 | €211,721 | -€17,289 | -7.5% |
| Land and buildings | 22 | €203,634 | €192,303 | -€11,332 | -5.6% |
| Plant, machinery and equipment | 23 | €2,240 | €1,315 | -€925 | -41.3% |
| Furniture and vehicles | 24 | €20,720 | €15,998 | -€4,721 | -22.8% |
| Other tangible fixed assets | 26 | €2,417 | €2,105 | -€312 | -12.9% |
| Financial fixed assets | 28 | €681 | €681 | = | 0.0% |
| Current assets | 29/58 | €193,339 | €153,615 | -€39,724 | -20.5% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,541 | €37,681 | -€860 | -2.2% |
| Trade receivables | 40 | €1,054 | €543 | -€511 | -48.5% |
| Other amounts receivable | 41 | €37,487 | €37,139 | -€348 | -0.9% |
| Current investments | 50/53 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €53,798 | €39,933 | -€13,865 | -25.8% |
| Total equity and liabilities | 10/49 | €423,031 | €366,018 | -€57,014 | -13.5% |
| Equity | 10/15 | €209,802 | €191,199 | -€18,603 | -8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €75,168 | €75,168 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,042 | €32,439 | -€18,603 | -36.4% |
| Amounts payable | 17/49 | €213,229 | €174,818 | -€38,411 | -18.0% |
| Amounts payable after more than one year | 17 | €31,006 | €11,777 | -€19,229 | -62.0% |
| Financial debts | 170/4 | €31,006 | €11,777 | -€19,229 | -62.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €182,223 | €163,041 | -€19,182 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €20,088 | €19,229 | -€859 | -4.3% |
| Trade debts | 44 | €16,692 | €1,798 | -€14,894 | -89.2% |
| Suppliers | 440/4 | €16,692 | €1,798 | -€14,894 | -89.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €145,443 | €142,014 | -€3,429 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,144 | €17,235 | +€2,091 | +13.8% |
| Other operating charges | 640/8 | €6,168 | €3,275 | -€2,893 | -46.9% |
| Non-recurring operating charges | 66A | - | €55 | +€55 | |
| Gross operating margin | 9900 | €329,841 | €1,651 | -€328,190 | -99.5% |
| Operating profit (loss) | 9901 | €308,529 | -€18,913 | -€327,443 | |
| Financial income | 75/76B | - | €2,832 | +€2,832 | |
| Recurring financial income | 75 | - | €2,832 | +€2,832 | |
| Financial charges | 65/66B | €2,469 | €2,255 | -€214 | -8.7% |
| Recurring financial charges | 65 | €2,469 | €2,255 | -€214 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €306,060 | -€18,336 | -€324,396 | |
| Income taxes | 67/77 | €64,580 | €267 | -€64,313 | -99.6% |
| Profit (loss) for the period | 9904 | €241,480 | -€18,603 | -€260,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €241,480 | -€18,603 | -€260,084 |
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 26 October 2026 via checked.be.