Meerelle: 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.
Meerelle
Largest movements
- Tangible fixed assets -€20,343
down €20,343 (-7.8%), from €260,701 to €240,358
of which Land and buildings: -€13,524
- Receivables within one year +€13,854
up €13,854 (+108.8%), from €12,736 to €26,590
of which Trade receivables: +€13,682
- Debts after one year -€41,888
down €41,888 (-17.1%), from €244,250 to €202,362
- Reserves +€34,156
up €34,156 (+263.5%), from €12,961 to €47,117
- Tax, wage and social debts +€12,194
up €12,194 (+75.5%), from €16,159 to €28,354
- Profit (loss) carried forward -€10,662
no longer reported in 2025 (was €10,662)
- Gross operating margin +€24,396
up €24,396 (+39.8%), from €61,272 to €85,668
- Taxes +€13,624
up €13,624 (+232.3%), from €5,864 to €19,488
- Financial charges -€10,405
down €10,405 (-51.2%), from €20,328 to €9,923
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 | €503,656 | €498,320 | -€5,336 | -1.1% |
| Fixed assets | 21/28 | €482,726 | €462,383 | -€20,343 | -4.2% |
| Tangible fixed assets | 22/27 | €260,701 | €240,358 | -€20,343 | -7.8% |
| Land and buildings | 22 | €237,030 | €223,506 | -€13,524 | -5.7% |
| Furniture and vehicles | 24 | €23,670 | €16,851 | -€6,819 | -28.8% |
| Financial fixed assets | 28 | €222,025 | €222,025 | = | 0.0% |
| Current assets | 29/58 | €20,931 | €35,937 | +€15,007 | +71.7% |
| Amounts receivable within one year | 40/41 | €12,736 | €26,590 | +€13,854 | +108.8% |
| Trade receivables | 40 | €12,600 | €26,282 | +€13,682 | +108.6% |
| Other amounts receivable | 41 | €136 | €308 | +€172 | +126.2% |
| Cash at bank and in hand | 54/58 | €5,538 | €9,208 | +€3,669 | +66.3% |
| Deferred charges and accrued income | 490/1 | €2,656 | €139 | -€2,517 | -94.8% |
| Total equity and liabilities | 10/49 | €503,656 | €498,320 | -€5,336 | -1.1% |
| Equity | 10/15 | €33,623 | €57,117 | +€23,494 | +69.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,961 | €47,117 | +€34,156 | +263.5% |
| Distributable reserves | 133 | €12,961 | €47,117 | +€34,156 | +263.5% |
| Profit (loss) carried forward | 14 | €10,662 | - | -€10,662 | |
| Amounts payable | 17/49 | €470,034 | €441,204 | -€28,830 | -6.1% |
| Amounts payable after more than one year | 17 | €244,250 | €202,362 | -€41,888 | -17.1% |
| Financial debts | 170/4 | €244,250 | €202,362 | -€41,888 | -17.1% |
| Amounts payable within one year | 42/48 | €225,784 | €238,787 | +€13,003 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €41,521 | €41,888 | +€367 | +0.9% |
| Trade debts | 44 | €7,686 | €3,690 | -€3,996 | -52.0% |
| Suppliers | 440/4 | €7,686 | €3,690 | -€3,996 | -52.0% |
| Taxes, remuneration and social security | 45 | €16,159 | €28,354 | +€12,194 | +75.5% |
| Taxes | 450/3 | €16,159 | €28,354 | +€12,194 | +75.5% |
| Other amounts payable | 47/48 | €160,418 | €164,856 | +€4,438 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,412 | €20,343 | -€69 | -0.3% |
| Other operating charges | 640/8 | €1,708 | €1,764 | +€56 | +3.3% |
| Gross operating margin | 9900 | €61,272 | €85,668 | +€24,396 | +39.8% |
| Operating profit (loss) | 9901 | €39,152 | €63,561 | +€24,409 | +62.3% |
| Financial income | 75/76B | €1 | €7 | +€6 | +757.7% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +757.7% |
| Financial charges | 65/66B | €20,328 | €9,923 | -€10,405 | -51.2% |
| Recurring financial charges | 65 | €20,328 | €9,923 | -€10,405 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €18,825 | €53,644 | +€34,820 | +185.0% |
| Income taxes | 67/77 | €5,864 | €19,488 | +€13,624 | +232.3% |
| Profit (loss) for the period | 9904 | €12,961 | €34,156 | +€21,196 | +163.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,961 | €34,156 | +€21,196 | +163.5% |
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 8 October 2026 via checked.be.