Meerdaal: 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.
Meerdaal
Largest movements
- Tangible fixed assets -€6,036
down €6,036 (-19.9%), from €30,269 to €24,233
of which Land and buildings: -€5,608
- Cash +€780
up €780 (+8.7%), from €8,929 to €9,709
mainly Depreciation (+€6,036) and Current portion of long-term debt (+€1,519)
- Profit (loss) carried forward -€6,884
down €6,884 (-6.3%), from -€108,867 to -€115,751
- Current portion of long-term debt +€1,519
new in 2025: €1,519
- Staff costs +€5,136
new in 2025: €5,136
- Gross operating margin +€1,473
up €1,473 (+50.0%), from €2,944 to €4,417
- Purchases and services -€1,279
no longer reported in 2025 (was €1,279)
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 | €39,198 | €33,942 | -€5,256 | -13.4% |
| Fixed assets | 21/28 | €30,269 | €24,233 | -€6,036 | -19.9% |
| Tangible fixed assets | 22/27 | €30,269 | €24,233 | -€6,036 | -19.9% |
| Land and buildings | 22 | €29,413 | €23,805 | -€5,608 | -19.1% |
| Furniture and vehicles | 24 | €856 | €428 | -€428 | -50.0% |
| Current assets | 29/58 | €8,929 | €9,709 | +€780 | +8.7% |
| Cash at bank and in hand | 54/58 | €8,929 | €9,709 | +€780 | +8.7% |
| Total equity and liabilities | 10/49 | €39,198 | €33,942 | -€5,256 | -13.4% |
| Equity | 10/15 | -€48,007 | -€54,891 | -€6,884 | -14.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | €60,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Uncalled capital | 101 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €860 | €860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Legal reserve | 130 | €860 | €860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,867 | -€115,751 | -€6,884 | -6.3% |
| Amounts payable | 17/49 | €87,205 | €88,833 | +€1,628 | +1.9% |
| Amounts payable after more than one year | 17 | €87,000 | €87,000 | = | 0.0% |
| Other amounts payable | 178/9 | €87,000 | €87,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205 | €1,833 | +€1,628 | +794% |
| Current portion of amounts payable after more than one year | 42 | - | €1,519 | +€1,519 | |
| Financial debts | 43 | €205 | - | -€205 | |
| Other loans | 439 | €205 | - | -€205 | |
| Taxes, remuneration and social security | 45 | - | €314 | +€314 | |
| Taxes | 450/3 | - | €314 | +€314 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,279 | - | -€1,279 | |
| Remuneration, social security and pensions | 62 | - | €5,136 | +€5,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,036 | €6,036 | = | 0.0% |
| Gross operating margin | 9900 | €2,944 | €4,417 | +€1,473 | +50.0% |
| Operating profit (loss) | 9901 | -€3,092 | -€6,755 | -€3,663 | -118% |
| Financial charges | 65/66B | €105 | €129 | +€24 | +22.9% |
| Recurring financial charges | 65 | €105 | €129 | +€24 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,197 | -€6,884 | -€3,687 | -115% |
| Profit (loss) for the period | 9904 | -€3,197 | -€6,884 | -€3,687 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,197 | -€6,884 | -€3,687 | -115% |
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 23 October 2026 via checked.be.