MEERKAT DESIGN: 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.
MEERKAT DESIGN
Largest movements
- Cash -€101,789
down €101,789 (-36.9%), from €275,600 to €173,811
mainly Current investments (-€65,889) and Investment in fixed assets (net) (-€35,057)
- Current investments +€65,889
up €65,889 (+65.6%), from €100,500 to €166,389
- Receivables within one year +€29,716
up €29,716 (+23.5%), from €126,353 to €156,068
of which Trade receivables: +€22,603
- Tangible fixed assets +€11,921
up €11,921 (+4.5%), from €267,494 to €279,416
of which Furniture and vehicles: +€35,344
- Debts after one year +€24,587
up €24,587 (+344%), from €7,155 to €31,741
- Current portion of long-term debt -€18,668
down €18,668 (-64.2%), from €29,081 to €10,413
- Gross operating margin -€87,457
down €87,457 (-62.3%), from €140,472 to €53,015
- Other operating charges +€16,099
up €16,099 (+1,214%), from €1,326 to €17,424
- Taxes -€15,219
down €15,219 (-55.5%), from €27,427 to €12,207
- Depreciation -€11,042
down €11,042 (-32.9%), from €33,607 to €22,565
- Financial income +€10,136
up €10,136 (+1,796%), from €564 to €10,700
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 | €778,721 | €785,833 | +€7,112 | +0.9% |
| Fixed assets | 21/28 | €267,494 | €279,986 | +€12,491 | +4.7% |
| Tangible fixed assets | 22/27 | €267,494 | €279,416 | +€11,921 | +4.5% |
| Land and buildings | 22 | €221,466 | €203,140 | -€18,325 | -8.3% |
| Plant, machinery and equipment | 23 | €2,718 | €1,615 | -€1,103 | -40.6% |
| Furniture and vehicles | 24 | €39,317 | €74,661 | +€35,344 | +89.9% |
| Other tangible fixed assets | 26 | €3,994 | €0 | -€3,994 | -100% |
| Financial fixed assets | 28 | - | €570 | +€570 | |
| Current assets | 29/58 | €511,227 | €505,847 | -€5,379 | -1.1% |
| Stocks and contracts in progress | 3 | €6,462 | €7,042 | +€581 | +9.0% |
| Stocks | 30/36 | €6,462 | €7,042 | +€581 | +9.0% |
| Amounts receivable within one year | 40/41 | €126,353 | €156,068 | +€29,716 | +23.5% |
| Trade receivables | 40 | €71,431 | €94,033 | +€22,603 | +31.6% |
| Other amounts receivable | 41 | €54,922 | €62,035 | +€7,113 | +13.0% |
| Current investments | 50/53 | €100,500 | €166,389 | +€65,889 | +65.6% |
| Cash at bank and in hand | 54/58 | €275,600 | €173,811 | -€101,789 | -36.9% |
| Deferred charges and accrued income | 490/1 | €2,312 | €2,537 | +€225 | +9.7% |
| Total equity and liabilities | 10/49 | €778,721 | €785,833 | +€7,112 | +0.9% |
| Equity | 10/15 | €721,616 | €728,324 | +€6,709 | +0.9% |
| Contributions | 10/11 | €89,000 | €89,000 | = | 0.0% |
| Reserves | 13 | €632,616 | €639,324 | +€6,709 | +1.1% |
| Distributable reserves | 133 | €632,616 | €639,324 | +€6,709 | +1.1% |
| Amounts payable | 17/49 | €57,105 | €57,509 | +€403 | +0.7% |
| Amounts payable after more than one year | 17 | €7,155 | €31,741 | +€24,587 | +344% |
| Financial debts | 170/4 | €7,155 | €31,741 | +€24,587 | +344% |
| Amounts payable within one year | 42/48 | €49,951 | €25,767 | -€24,183 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €29,081 | €10,413 | -€18,668 | -64.2% |
| Financial debts | 43 | €2,083 | €2,083 | = | 0.0% |
| Credit institutions | 430/8 | €2,083 | €2,083 | = | 0.0% |
| Trade debts | 44 | €6,416 | €1,236 | -€5,180 | -80.7% |
| Suppliers | 440/4 | €6,416 | €1,236 | -€5,180 | -80.7% |
| Taxes, remuneration and social security | 45 | €12,369 | €12,034 | -€335 | -2.7% |
| Taxes | 450/3 | €12,369 | €12,034 | -€335 | -2.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,198 | €0 | -€6,198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,607 | €22,565 | -€11,042 | -32.9% |
| Other operating charges | 640/8 | €1,326 | €17,424 | +€16,099 | +1,214% |
| Gross operating margin | 9900 | €140,472 | €53,015 | -€87,457 | -62.3% |
| Operating profit (loss) | 9901 | €105,540 | €13,026 | -€92,514 | -87.7% |
| Financial income | 75/76B | €564 | €10,700 | +€10,136 | +1,796% |
| Recurring financial income | 75 | €564 | €10,700 | +€10,136 | +1,796% |
| Financial charges | 65/66B | €2,888 | €4,810 | +€1,922 | +66.6% |
| Recurring financial charges | 65 | €2,888 | €4,810 | +€1,922 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €103,217 | €18,916 | -€84,301 | -81.7% |
| Income taxes | 67/77 | €27,427 | €12,207 | -€15,219 | -55.5% |
| Profit (loss) for the period | 9904 | €75,790 | €6,709 | -€69,082 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,790 | €6,709 | -€69,082 | -91.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.