MEADOWVIEW: 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.
MEADOWVIEW
Largest movements
- Tangible fixed assets +€715,270
up €715,270 (+45.6%), from €1.6m to €2.3m
of which Land and buildings: +€713,346
- Receivables within one year +€280,875
up €280,875 (+159.2%), from €176,436 to €457,310
of which Trade receivables: +€280,232
- Cash -€44,101
down €44,101 (-66.6%), from €66,198 to €22,097
mainly Investment in fixed assets (net) (-€758,151) and Receivables within one year (-€280,875)
- Other debts +€736,631
up €736,631 (+173.9%), from €423,579 to €1.2m
- Accrued charges and deferred income +€285,593
up €285,593 (+225.2%), from €126,815 to €412,408
- Profit (loss) carried forward -€59,050
down €59,050 (-38.5%), from -€153,376 to -€212,426
- Gross operating margin +€8,865
up €8,865, from -€7,995 to €870
- Depreciation +€8,220
up €8,220 (+23.7%), from €34,661 to €42,881
- Other operating charges +€1,282
up €1,282 (+55.0%), from €2,332 to €3,614
- Financial charges +€278
up €278 (+2.1%), from €13,147 to €13,425
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,810,061 | €2,762,106 | +€952,044 | +52.6% |
| Fixed assets | 21/28 | €1,567,428 | €2,282,698 | +€715,270 | +45.6% |
| Tangible fixed assets | 22/27 | €1,567,428 | €2,282,698 | +€715,270 | +45.6% |
| Land and buildings | 22 | €1,567,428 | €2,280,774 | +€713,346 | +45.5% |
| Plant, machinery and equipment | 23 | - | €1,925 | +€1,925 | |
| Current assets | 29/58 | €242,633 | €479,407 | +€236,774 | +97.6% |
| Amounts receivable within one year | 40/41 | €176,436 | €457,310 | +€280,875 | +159.2% |
| Trade receivables | 40 | €172,895 | €453,127 | +€280,232 | +162.1% |
| Other amounts receivable | 41 | €3,541 | €4,184 | +€642 | +18.1% |
| Cash at bank and in hand | 54/58 | €66,198 | €22,097 | -€44,101 | -66.6% |
| Total equity and liabilities | 10/49 | €1,810,061 | €2,762,106 | +€952,044 | +52.6% |
| Equity | 10/15 | -€133,376 | -€192,426 | -€59,050 | -44.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,376 | -€212,426 | -€59,050 | -38.5% |
| Amounts payable | 17/49 | €1,943,438 | €2,954,532 | +€1.0m | +52.0% |
| Amounts payable after more than one year | 17 | €1,365,396 | €1,346,648 | -€18,748 | -1.4% |
| Financial debts | 170/4 | €1,365,396 | €1,346,648 | -€18,748 | -1.4% |
| Amounts payable within one year | 42/48 | €451,227 | €1,195,477 | +€744,250 | +164.9% |
| Current portion of amounts payable after more than one year | 42 | €18,006 | €18,748 | +€742 | +4.1% |
| Trade debts | 44 | €9,641 | €16,518 | +€6,877 | +71.3% |
| Suppliers | 440/4 | €9,641 | €16,518 | +€6,877 | +71.3% |
| Other amounts payable | 47/48 | €423,579 | €1,160,210 | +€736,631 | +173.9% |
| Accrued charges and deferred income | 492/3 | €126,815 | €412,408 | +€285,593 | +225.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,661 | €42,881 | +€8,220 | +23.7% |
| Other operating charges | 640/8 | €2,332 | €3,614 | +€1,282 | +55.0% |
| Gross operating margin | 9900 | -€7,995 | €870 | +€8,865 | |
| Operating profit (loss) | 9901 | -€44,988 | -€45,625 | -€637 | -1.4% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €13,147 | €13,425 | +€278 | +2.1% |
| Recurring financial charges | 65 | €13,147 | €13,425 | +€278 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€58,117 | -€59,050 | -€933 | -1.6% |
| Profit (loss) for the period | 9904 | -€58,117 | -€59,050 | -€933 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,117 | -€59,050 | -€933 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.