MEEREMANS: 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.
MEEREMANS
Largest movements
- Deferred charges and accrued income +€50,000
up €50,000 (+154.4%), from €32,383 to €82,383
- Cash -€36,531
down €36,531 (-83.8%), from €43,572 to €7,041
mainly Deferred charges and accrued income (-€50,000) and Debts after one year (-€45,303)
- Receivables within one year -€28,996
down €28,996 (-66.6%), from €43,560 to €14,564
of which Trade receivables: -€29,040
- Debts after one year -€45,303
down €45,303 (-8.6%), from €528,253 to €482,951
- Reserves +€28,539
up €28,539 (+10.5%), from €272,355 to €300,895
of which Distributable reserves: +€28,539
- Current portion of long-term debt +€10,473
up €10,473 (+48.1%), from €21,753 to €32,226
- Tax, wage and social debts -€10,059
down €10,059 (-44.8%), from €22,442 to €12,384
- Gross operating margin -€41,120
down €41,120 (-28.3%), from €145,355 to €104,234
- Financial income -€35,262
no longer reported in 2025 (was €35,262)
- Taxes -€24,951
down €24,951 (-61.7%), from €40,460 to €15,509
- Depreciation +€10,082
up €10,082 (+36.7%), from €27,442 to €37,524
- Financial charges +€5,145
up €5,145 (+33.3%), from €15,449 to €20,594
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 | €954,496 | €943,230 | -€11,266 | -1.2% |
| Fixed assets | 21/28 | €606,907 | €611,168 | +€4,261 | +0.7% |
| Tangible fixed assets | 22/27 | €606,907 | €611,168 | +€4,261 | +0.7% |
| Land and buildings | 22 | €546,024 | €526,865 | -€19,159 | -3.5% |
| Plant, machinery and equipment | 23 | €57,341 | €55,436 | -€1,906 | -3.3% |
| Furniture and vehicles | 24 | €899 | €26,225 | +€25,326 | +2816.5% |
| Other tangible fixed assets | 26 | €2,642 | €2,642 | = | 0.0% |
| Current assets | 29/58 | €347,589 | €332,062 | -€15,527 | -4.5% |
| Stocks and contracts in progress | 3 | €6,500 | €6,500 | = | 0.0% |
| Stocks | 30/36 | €6,500 | €6,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,560 | €14,564 | -€28,996 | -66.6% |
| Trade receivables | 40 | €43,560 | €14,520 | -€29,040 | -66.7% |
| Other amounts receivable | 41 | - | €44 | +€44 | |
| Current investments | 50/53 | €221,575 | €221,575 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,572 | €7,041 | -€36,531 | -83.8% |
| Deferred charges and accrued income | 490/1 | €32,383 | €82,383 | +€50,000 | +154.4% |
| Total equity and liabilities | 10/49 | €954,496 | €943,230 | -€11,266 | -1.2% |
| Equity | 10/15 | €292,355 | €320,895 | +€28,539 | +9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €272,355 | €300,895 | +€28,539 | +10.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €270,355 | €298,895 | +€28,539 | +10.6% |
| Amounts payable | 17/49 | €662,141 | €622,335 | -€39,805 | -6.0% |
| Amounts payable after more than one year | 17 | €528,253 | €482,951 | -€45,303 | -8.6% |
| Financial debts | 170/4 | €528,253 | €482,951 | -€45,303 | -8.6% |
| Amounts payable within one year | 42/48 | €132,368 | €139,385 | +€7,017 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €21,753 | €32,226 | +€10,473 | +48.1% |
| Trade debts | 44 | €1,894 | €5,427 | +€3,532 | +186.5% |
| Suppliers | 440/4 | €1,894 | €5,427 | +€3,532 | +186.5% |
| Taxes, remuneration and social security | 45 | €22,442 | €12,384 | -€10,059 | -44.8% |
| Taxes | 450/3 | €22,442 | €12,384 | -€10,059 | -44.8% |
| Other amounts payable | 47/48 | €86,278 | €89,348 | +€3,070 | +3.6% |
| Accrued charges and deferred income | 492/3 | €1,519 | - | -€1,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,442 | €37,524 | +€10,082 | +36.7% |
| Other operating charges | 640/8 | €1,430 | €2,069 | +€639 | +44.7% |
| Gross operating margin | 9900 | €145,355 | €104,234 | -€41,120 | -28.3% |
| Operating profit (loss) | 9901 | €116,483 | €64,642 | -€51,842 | -44.5% |
| Financial income | 75/76B | €35,262 | - | -€35,262 | |
| Recurring financial income | 75 | €35,262 | - | -€35,262 | |
| Financial charges | 65/66B | €15,449 | €20,594 | +€5,145 | +33.3% |
| Recurring financial charges | 65 | €15,449 | €20,594 | +€5,145 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €136,297 | €44,048 | -€92,249 | -67.7% |
| Income taxes | 67/77 | €40,460 | €15,509 | -€24,951 | -61.7% |
| Profit (loss) for the period | 9904 | €95,837 | €28,539 | -€67,297 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,837 | €28,539 | -€67,297 | -70.2% |
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 5 October 2026 via checked.be.