MEADOWS: what changed
Two fiscal 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.
MEADOWS
Largest movements
- Tangible fixed assets -€20,803
down €20,803 (-6.4%), from €322,692 to €301,890
of which Land and buildings: -€20,333
- Cash -€13,833
down €13,833 (-93.7%), from €14,770 to €937
mainly Other debts (-€88,649) and Net result for the year (-€22,931)
- Receivables within one year -€10,759
down €10,759 (-77.4%), from €13,897 to €3,138
of which Other amounts receivable: -€10,495
- Other debts -€88,649
down €88,649 (-55.6%), from €159,562 to €70,913
- Short-term financial debts +€65,000
up €65,000, from €0 to €65,000
- Reserves -€22,931
down €22,931 (-13.4%), from €170,704 to €147,772
of which Distributable reserves: -€22,931
- Other operating charges +€4,961
up €4,961 (+757.8%), from €655 to €5,616
- Write-downs -€2,981
down €2,981, from €0 to -€2,981
- Gross operating margin +€2,536
up €2,536 (+164.8%), from €1,539 to €4,075
- Financial charges +€349
up €349 (+10.8%), from €3,219 to €3,569
- Depreciation -€72
down €72 (-0.3%), from €20,875 to €20,803
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.
Cash bridge derived
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 | €351,360 | €306,232 | -€45,128 | -12.8% |
| Fixed assets | 21/28 | €322,692 | €301,890 | -€20,803 | -6.4% |
| Tangible fixed assets | 22/27 | €322,692 | €301,890 | -€20,803 | -6.4% |
| Land and buildings | 22 | €320,905 | €300,573 | -€20,333 | -6.3% |
| Plant, machinery and equipment | 23 | €1,787 | €1,317 | -€470 | -26.3% |
| Current assets | 29/58 | €28,668 | €4,342 | -€24,326 | -84.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,897 | €3,138 | -€10,759 | -77.4% |
| Trade receivables | 40 | €2,064 | €1,800 | -€264 | -12.8% |
| Other amounts receivable | 41 | €11,833 | €1,338 | -€10,495 | -88.7% |
| Cash at bank and in hand | 54/58 | €14,770 | €937 | -€13,833 | -93.7% |
| Deferred charges and accrued income | 490/1 | €0 | €266 | +€266 | |
| Total equity and liabilities | 10/49 | €351,360 | €306,232 | -€45,128 | -12.8% |
| Equity | 10/15 | €189,304 | €166,372 | -€22,931 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,704 | €147,772 | -€22,931 | -13.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €170,704 | €147,772 | -€22,931 | -13.4% |
| Amounts payable | 17/49 | €162,056 | €139,859 | -€22,197 | -13.7% |
| Amounts payable within one year | 42/48 | €162,056 | €139,859 | -€22,197 | -13.7% |
| Financial debts | 43 | €0 | €65,000 | +€65,000 | |
| Credit institutions | 430/8 | €0 | €65,000 | +€65,000 | |
| Trade debts | 44 | €2,167 | €2,697 | +€530 | +24.5% |
| Suppliers | 440/4 | €2,167 | €2,697 | +€530 | +24.5% |
| Taxes, remuneration and social security | 45 | €328 | €1,249 | +€922 | +281.3% |
| Taxes | 450/3 | €328 | €1,249 | +€922 | +281.3% |
| Other amounts payable | 47/48 | €159,562 | €70,913 | -€88,649 | -55.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,875 | €20,803 | -€72 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€2,981 | -€2,981 | |
| Other operating charges | 640/8 | €655 | €5,616 | +€4,961 | +757.8% |
| Gross operating margin | 9900 | €1,539 | €4,075 | +€2,536 | +164.8% |
| Operating profit (loss) | 9901 | -€19,990 | -€19,363 | +€628 | +3.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €3,219 | €3,569 | +€349 | +10.8% |
| Recurring financial charges | 65 | €3,219 | €3,569 | +€349 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,208 | -€22,931 | +€276 | +1.2% |
| Profit (loss) for the period | 9904 | -€23,208 | -€22,931 | +€276 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,208 | -€22,931 | +€276 | +1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.