MEELAR: 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.
MEELAR
Largest movements
- Receivables within one year +€24,132
up €24,132 (+327.1%), from €7,379 to €31,511
of which Trade receivables: +€13,044
- Stocks and contracts +€15,012
up €15,012 (+31.9%), from €47,125 to €62,136
- Cash +€7,131
up €7,131 (+18.8%), from €37,950 to €45,080
mainly Trade debts (+€57,356) and Other debts (+€7,227)
- Trade debts +€57,356
up €57,356 (+1759.7%), from €3,259 to €60,615
- Profit (loss) carried forward -€17,017
down €17,017 (-148.9%), from -€11,427 to -€28,445
- Other debts +€7,227
up €7,227 (+11.2%), from €64,768 to €71,995
- Tax, wage and social debts -€1,977
down €1,977 (-8.2%), from €24,062 to €22,085
of which Taxes: -€1,972
- Purchases and services +€155,570
new in 2025: €155,570
- Gross operating margin -€32,448
down €32,448 (-36.6%), from €88,571 to €56,124
- Staff costs -€6,276
down €6,276 (-8.1%), from €77,412 to €71,136
- Financial charges -€977
down €977 (-45.4%), from €2,152 to €1,175
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 | €98,422 | €144,010 | +€45,588 | +46.3% |
| Fixed assets | 21/28 | €5,969 | €5,282 | -€687 | -11.5% |
| Tangible fixed assets | 22/27 | €806 | €119 | -€687 | -85.2% |
| Plant, machinery and equipment | 23 | €806 | €119 | -€687 | -85.2% |
| Financial fixed assets | 28 | €5,163 | €5,163 | = | 0.0% |
| Current assets | 29/58 | €92,453 | €138,728 | +€46,275 | +50.1% |
| Stocks and contracts in progress | 3 | €47,125 | €62,136 | +€15,012 | +31.9% |
| Stocks | 30/36 | €47,125 | €62,136 | +€15,012 | +31.9% |
| Amounts receivable within one year | 40/41 | €7,379 | €31,511 | +€24,132 | +327.1% |
| Trade receivables | 40 | €832 | €13,876 | +€13,044 | +1566.8% |
| Other amounts receivable | 41 | €6,546 | €17,635 | +€11,089 | +169.4% |
| Cash at bank and in hand | 54/58 | €37,950 | €45,080 | +€7,131 | +18.8% |
| Total equity and liabilities | 10/49 | €98,422 | €144,010 | +€45,588 | +46.3% |
| Equity | 10/15 | €6,333 | -€10,685 | -€17,017 | |
| Contributions | 10/11 | €17,760 | €17,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,427 | -€28,445 | -€17,017 | -148.9% |
| Amounts payable | 17/49 | €92,090 | €154,695 | +€62,605 | +68.0% |
| Amounts payable within one year | 42/48 | €92,090 | €154,695 | +€62,605 | +68.0% |
| Trade debts | 44 | €3,259 | €60,615 | +€57,356 | +1759.7% |
| Suppliers | 440/4 | €3,259 | €60,615 | +€57,356 | +1759.7% |
| Taxes, remuneration and social security | 45 | €24,062 | €22,085 | -€1,977 | -8.2% |
| Taxes | 450/3 | €1,972 | €0 | -€1,972 | -100.0% |
| Remuneration and social security | 454/9 | €22,090 | €22,085 | -€5 | 0.0% |
| Other amounts payable | 47/48 | €64,768 | €71,995 | +€7,227 | +11.2% |
| Non-recurring operating income | 76A | - | €6,332 | +€6,332 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €155,570 | +€155,570 | |
| Remuneration, social security and pensions | 62 | €77,412 | €71,136 | -€6,276 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | €358 | +€328 | +1100.0% |
| Other operating charges | 640/8 | €342 | €144 | -€198 | -57.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €88,571 | €56,124 | -€32,448 | -36.6% |
| Operating profit (loss) | 9901 | €10,788 | -€15,515 | -€26,303 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,152 | €1,175 | -€977 | -45.4% |
| Recurring financial charges | 65 | €2,152 | €1,175 | -€977 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €8,635 | -€16,689 | -€25,325 | |
| Profit (loss) for the period | 9904 | €8,635 | -€16,689 | -€25,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,635 | -€16,689 | -€25,325 |
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 7 October 2026 via checked.be.