MEANT CONSTRUCTIONS: 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.
MEANT CONSTRUCTIONS
Largest movements
- Receivables within one year -€61,348
down €61,348 (-68.1%), from €90,029 to €28,681
of which Trade receivables: -€60,858
- Tangible fixed assets -€12,108
down €12,108 (-40.1%), from €30,184 to €18,076
of which Furniture and vehicles: -€12,080
- Deferred charges and accrued income +€6,781
up €6,781 (+2456.9%), from €276 to €7,057
- Profit (loss) carried forward -€47,635
down €47,635 (-166.2%), from -€28,654 to -€76,289
- Trade debts -€21,552
down €21,552 (-42.7%), from €50,418 to €28,866
- Short-term financial debts +€14,429
up €14,429 (+49.9%), from €28,908 to €43,336
- Debts after one year -€6,715
down €6,715 (-27.4%), from €24,466 to €17,751
- Tax, wage and social debts -€5,286
down €5,286 (-49.6%), from €10,662 to €5,375
of which Taxes: -€5,107
- Gross operating margin -€44,525
down €44,525, from €12,233 to -€32,292
- Staff costs -€10,874
down €10,874 (-66.0%), from €16,468 to €5,594
- Financial income +€9,180
new in 2025: €9,180
- Other operating charges -€2,762
down €2,762 (-69.0%), from €4,004 to €1,242
- Financial charges -€1,465
down €1,465 (-22.2%), from €6,602 to €5,137
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 | €120,489 | €53,814 | -€66,675 | -55.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,184 | €18,076 | -€12,108 | -40.1% |
| Tangible fixed assets | 22/27 | €30,184 | €18,076 | -€12,108 | -40.1% |
| Plant, machinery and equipment | 23 | €27 | €0 | -€27 | -100.0% |
| Furniture and vehicles | 24 | €30,156 | €18,076 | -€12,080 | -40.1% |
| Current assets | 29/58 | €90,305 | €35,738 | -€54,567 | -60.4% |
| Amounts receivable within one year | 40/41 | €90,029 | €28,681 | -€61,348 | -68.1% |
| Trade receivables | 40 | €66,580 | €5,722 | -€60,858 | -91.4% |
| Other amounts receivable | 41 | €23,449 | €22,958 | -€491 | -2.1% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €276 | €7,057 | +€6,781 | +2456.9% |
| Total equity and liabilities | 10/49 | €120,489 | €53,814 | -€66,675 | -55.3% |
| Equity | 10/15 | -€594 | -€48,229 | -€47,635 | -8019.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,654 | -€76,289 | -€47,635 | -166.2% |
| Amounts payable | 17/49 | €121,083 | €102,043 | -€19,039 | -15.7% |
| Amounts payable after more than one year | 17 | €24,466 | €17,751 | -€6,715 | -27.4% |
| Financial debts | 170/4 | €24,466 | €17,751 | -€6,715 | -27.4% |
| Amounts payable within one year | 42/48 | €96,617 | €84,292 | -€12,324 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,629 | €6,715 | +€86 | +1.3% |
| Financial debts | 43 | €28,908 | €43,336 | +€14,429 | +49.9% |
| Credit institutions | 430/8 | €28,908 | €43,336 | +€14,429 | +49.9% |
| Trade debts | 44 | €50,418 | €28,866 | -€21,552 | -42.7% |
| Suppliers | 440/4 | €50,418 | €28,866 | -€21,552 | -42.7% |
| Taxes, remuneration and social security | 45 | €10,662 | €5,375 | -€5,286 | -49.6% |
| Taxes | 450/3 | €10,202 | €5,094 | -€5,107 | -50.1% |
| Remuneration and social security | 454/9 | €460 | €281 | -€179 | -38.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,468 | €5,594 | -€10,874 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,246 | €12,108 | -€138 | -1.1% |
| Other operating charges | 640/8 | €4,004 | €1,242 | -€2,762 | -69.0% |
| Gross operating margin | 9900 | €12,233 | -€32,292 | -€44,525 | |
| Operating profit (loss) | 9901 | -€20,485 | -€51,236 | -€30,751 | -150.1% |
| Financial income | 75/76B | - | €9,180 | +€9,180 | |
| Recurring financial income | 75 | - | €9,180 | +€9,180 | |
| Financial charges | 65/66B | €6,602 | €5,137 | -€1,465 | -22.2% |
| Recurring financial charges | 65 | €6,602 | €5,137 | -€1,465 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,087 | -€47,194 | -€20,107 | -74.2% |
| Income taxes | 67/77 | €460 | €442 | -€18 | -3.9% |
| Profit (loss) for the period | 9904 | -€27,546 | -€47,635 | -€20,089 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,546 | -€47,635 | -€20,089 | -72.9% |
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.