MEAL 66: 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.
MEAL 66
Largest movements
- Receivables within one year +€21,103
up €21,103 (+354%), from €5,965 to €27,068
of which Trade receivables: +€21,103
- Tangible fixed assets -€11,202
down €11,202 (-20.6%), from €54,448 to €43,246
of which Furniture and vehicles: -€9,337
- Cash -€7,102
down €7,102 (-31.5%), from €22,581 to €15,479
mainly Receivables within one year (-€21,103) and Tax, wage and social debts (-€15,964)
- Stocks and contracts -€2,257
down €2,257 (-35.8%), from €6,300 to €4,043
- Reserves +€18,319
up €18,319 (+319%), from €5,750 to €24,069
- Tax, wage and social debts -€15,964
down €15,964 (-49.5%), from €32,273 to €16,309
of which Remuneration and social security: -€10,925
- Trade debts +€12,394
up €12,394 (+59.5%), from €20,822 to €33,216
- Debts after one year -€10,000
no longer reported in 2025 (was €10,000)
- Other debts -€5,589
down €5,589 (-48.7%), from €11,469 to €5,880
- Staff costs -€7,904
down €7,904 (-8.0%), from €98,189 to €90,285
- Taxes +€4,710
up €4,710 (+67.1%), from €7,024 to €11,735
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 | €90,187 | €90,954 | +€767 | +0.9% |
| Fixed assets | 21/28 | €54,798 | €43,596 | -€11,202 | -20.4% |
| Tangible fixed assets | 22/27 | €54,448 | €43,246 | -€11,202 | -20.6% |
| Plant, machinery and equipment | 23 | €10,391 | €8,526 | -€1,866 | -18.0% |
| Furniture and vehicles | 24 | €44,057 | €34,720 | -€9,337 | -21.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €35,389 | €47,358 | +€11,969 | +33.8% |
| Stocks and contracts in progress | 3 | €6,300 | €4,043 | -€2,257 | -35.8% |
| Stocks | 30/36 | €6,300 | €4,043 | -€2,257 | -35.8% |
| Amounts receivable within one year | 40/41 | €5,965 | €27,068 | +€21,103 | +354% |
| Trade receivables | 40 | €4,865 | €25,967 | +€21,103 | +434% |
| Other amounts receivable | 41 | €1,101 | €1,101 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,581 | €15,479 | -€7,102 | -31.5% |
| Deferred charges and accrued income | 490/1 | €543 | €769 | +€226 | +41.7% |
| Total equity and liabilities | 10/49 | €90,187 | €90,954 | +€767 | +0.9% |
| Equity | 10/15 | €15,624 | €33,943 | +€18,319 | +117% |
| Contributions | 10/11 | €9,874 | €9,874 | = | 0.0% |
| Reserves | 13 | €5,750 | €24,069 | +€18,319 | +319% |
| Distributable reserves | 133 | €5,750 | €24,069 | +€18,319 | +319% |
| Amounts payable | 17/49 | €74,563 | €57,011 | -€17,552 | -23.5% |
| Amounts payable after more than one year | 17 | €10,000 | - | -€10,000 | |
| Financial debts | 170/4 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €64,563 | €55,404 | -€9,159 | -14.2% |
| Trade debts | 44 | €20,822 | €33,216 | +€12,394 | +59.5% |
| Suppliers | 440/4 | €20,822 | €33,216 | +€12,394 | +59.5% |
| Taxes, remuneration and social security | 45 | €32,273 | €16,309 | -€15,964 | -49.5% |
| Taxes | 450/3 | €9,368 | €4,328 | -€5,039 | -53.8% |
| Remuneration and social security | 454/9 | €22,905 | €11,981 | -€10,925 | -47.7% |
| Other amounts payable | 47/48 | €11,469 | €5,880 | -€5,589 | -48.7% |
| Accrued charges and deferred income | 492/3 | - | €1,607 | +€1,607 | |
| Remuneration, social security and pensions | 62 | €98,189 | €90,285 | -€7,904 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,964 | €11,202 | +€238 | +2.2% |
| Other operating charges | 640/8 | €2,247 | €2,123 | -€124 | -5.5% |
| Gross operating margin | 9900 | €134,533 | €135,420 | +€887 | +0.7% |
| Operating profit (loss) | 9901 | €23,133 | €31,809 | +€8,677 | +37.5% |
| Financial charges | 65/66B | €169 | €156 | -€13 | -7.8% |
| Recurring financial charges | 65 | €169 | €156 | -€13 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €22,964 | €31,654 | +€8,690 | +37.8% |
| Income taxes | 67/77 | €7,024 | €11,735 | +€4,710 | +67.1% |
| Profit (loss) for the period | 9904 | €15,940 | €19,919 | +€3,979 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,940 | €19,919 | +€3,979 | +25.0% |
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 21 October 2026 via checked.be.