Meerdael: 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.
Meerdael
Largest movements
- Cash -€80,885
down €80,885 (-37.6%), from €215,336 to €134,451
mainly Other debts (-€46,916) and Net result for the year (-€29,837)
- Tangible fixed assets -€5,045
down €5,045 (-45.7%), from €11,044 to €6,000
of which Furniture and vehicles: -€4,603
- Other debts -€46,916
down €46,916 (-29.1%), from €161,169 to €114,253
- Profit (loss) carried forward -€29,837
down €29,837, from €6,555 to -€23,282
- Trade debts -€9,340
down €9,340 (-97.8%), from €9,553 to €213
- Gross operating margin -€145,446
down €145,446, from €122,912 to -€22,534
- Financial charges -€13,696
down €13,696 (-89.4%), from €15,326 to €1,630
- Taxes -€13,566
down €13,566 (-96.7%), from €14,022 to €456
- Depreciation -€3,892
down €3,892 (-43.6%), from €8,937 to €5,045
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 | €230,277 | €144,184 | -€86,093 | -37.4% |
| Fixed assets | 21/28 | €11,044 | €6,000 | -€5,045 | -45.7% |
| Tangible fixed assets | 22/27 | €11,044 | €6,000 | -€5,045 | -45.7% |
| Plant, machinery and equipment | 23 | €1,454 | €1,012 | -€442 | -30.4% |
| Furniture and vehicles | 24 | €9,590 | €4,988 | -€4,603 | -48.0% |
| Current assets | 29/58 | €219,233 | €138,185 | -€81,049 | -37.0% |
| Amounts receivable within one year | 40/41 | €2,392 | €2,485 | +€93 | +3.9% |
| Other amounts receivable | 41 | €2,392 | €2,485 | +€93 | +3.9% |
| Cash at bank and in hand | 54/58 | €215,336 | €134,451 | -€80,885 | -37.6% |
| Deferred charges and accrued income | 490/1 | €1,505 | €1,249 | -€256 | -17.0% |
| Total equity and liabilities | 10/49 | €230,277 | €144,184 | -€86,093 | -37.4% |
| Equity | 10/15 | €59,555 | €29,718 | -€29,837 | -50.1% |
| Contributions | 10/11 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,555 | -€23,282 | -€29,837 | |
| Amounts payable | 17/49 | €170,722 | €114,466 | -€56,256 | -33.0% |
| Amounts payable within one year | 42/48 | €170,722 | €114,466 | -€56,256 | -33.0% |
| Trade debts | 44 | €9,553 | €213 | -€9,340 | -97.8% |
| Suppliers | 440/4 | €9,553 | €213 | -€9,340 | -97.8% |
| Other amounts payable | 47/48 | €161,169 | €114,253 | -€46,916 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,937 | €5,045 | -€3,892 | -43.6% |
| Other operating charges | 640/8 | €1,147 | €1,294 | +€147 | +12.8% |
| Gross operating margin | 9900 | €122,912 | -€22,534 | -€145,446 | |
| Operating profit (loss) | 9901 | €112,829 | -€28,872 | -€141,701 | |
| Financial income | 75/76B | €270 | €1,122 | +€852 | +315% |
| Recurring financial income | 75 | €270 | €1,122 | +€852 | +315% |
| Financial charges | 65/66B | €15,326 | €1,630 | -€13,696 | -89.4% |
| Recurring financial charges | 65 | €15,326 | €1,630 | -€13,696 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €97,772 | -€29,381 | -€127,154 | |
| Income taxes | 67/77 | €14,022 | €456 | -€13,566 | -96.7% |
| Profit (loss) for the period | 9904 | €83,750 | -€29,837 | -€113,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,750 | -€29,837 | -€113,587 |
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.