MEER: 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.
MEER
Largest movements
- Receivables within one year +€534,779
up €534,779 (+244.6%), from €218,641 to €753,421
of which Trade receivables: +€491,378
- Profit (loss) carried forward +€1.7m
up €1.7m (+206.8%), from €807,092 to €2.5m
- Accrued charges and deferred income -€832,119
down €832,119 (-36.4%), from €2.3m to €1.5m
- Trade debts -€629,076
down €629,076 (-99.7%), from €630,672 to €1,596
- Financial charges -€643,998
down €643,998 (-30.7%), from €2.1m to €1.5m
- Gross operating margin +€281,499
up €281,499 (+9.8%), from €2.9m to €3.2m
- Other operating charges +€43,342
up €43,342 (+4646.5%), from €933 to €44,275
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 | €49,223,457 | €49,431,244 | +€207,787 | +0.4% |
| Fixed assets | 21/28 | €45,984,921 | €46,077,896 | +€92,975 | +0.2% |
| Tangible fixed assets | 22/27 | €45,984,921 | €46,077,896 | +€92,975 | +0.2% |
| Land and buildings | 22 | €45,984,921 | €46,077,896 | +€92,975 | +0.2% |
| Current assets | 29/58 | €3,238,536 | €3,353,348 | +€114,812 | +3.5% |
| Amounts receivable within one year | 40/41 | €218,641 | €753,421 | +€534,779 | +244.6% |
| Trade receivables | 40 | €212,325 | €703,702 | +€491,378 | +231.4% |
| Other amounts receivable | 41 | €6,316 | €49,718 | +€43,402 | +687.1% |
| Cash at bank and in hand | 54/58 | €3,019,895 | €2,599,928 | -€419,967 | -13.9% |
| Total equity and liabilities | 10/49 | €49,223,457 | €49,431,244 | +€207,787 | +0.4% |
| Equity | 10/15 | €807,092 | €2,476,075 | +€1.7m | +206.8% |
| Profit (loss) carried forward | 14 | €807,092 | €2,476,075 | +€1.7m | +206.8% |
| Amounts payable | 17/49 | €48,416,365 | €46,955,169 | -€1.5m | -3.0% |
| Amounts payable after more than one year | 17 | €45,500,000 | €45,500,000 | = | 0.0% |
| Financial debts | 170/4 | €45,500,000 | €45,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €630,672 | €1,596 | -€629,076 | -99.7% |
| Trade debts | 44 | €630,672 | €1,596 | -€629,076 | -99.7% |
| Suppliers | 440/4 | €630,672 | €1,596 | -€629,076 | -99.7% |
| Accrued charges and deferred income | 492/3 | €2,285,693 | €1,453,573 | -€832,119 | -36.4% |
| Other operating charges | 640/8 | €933 | €44,275 | +€43,342 | +4646.5% |
| Gross operating margin | 9900 | €2,885,614 | €3,167,114 | +€281,499 | +9.8% |
| Operating profit (loss) | 9901 | €2,884,682 | €3,122,838 | +€238,157 | +8.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,097,856 | €1,453,858 | -€643,998 | -30.7% |
| Recurring financial charges | 65 | €2,097,856 | €1,453,858 | -€643,998 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €786,826 | €1,668,982 | +€882,157 | +112.1% |
| Profit (loss) for the period | 9904 | €786,826 | €1,668,982 | +€882,157 | +112.1% |
| Profit (loss) for the period to be appropriated | 9905 | €786,826 | €1,668,982 | +€882,157 | +112.1% |
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 30 September 2026 via checked.be.