MEERS IMMO: 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.
MEERS IMMO
Largest movements
- Cash -€893,450
down €893,450 (-91.5%), from €976,557 to €83,107
mainly Investment in fixed assets (net) (-€816,392) and Net result for the year (-€70,583)
- Tangible fixed assets +€722,425
up €722,425 (+65.4%), from €1.1m to €1.8m
of which Land and buildings: +€723,315
- Debts after one year -€64,557
down €64,557 (-16.6%), from €389,977 to €325,420
- Profit (loss) carried forward -€48,607
down €48,607 (-31.4%), from -€154,942 to -€203,549
- Current portion of long-term debt -€30,370
down €30,370 (-32.0%), from €94,927 to €64,557
- Reserves -€21,976
down €21,976 (-2.1%), from €1.0m to €1.0m
of which Tax-exempt reserves: -€21,976
- Depreciation +€33,688
up €33,688 (+55.9%), from €60,279 to €93,967
- Financial income -€31,312
down €31,312 (-76.6%), from €40,868 to €9,557
- Gross operating margin -€18,278
down €18,278 (-40.4%), from €45,261 to €26,983
- Other operating charges +€5,854
up €5,854 (+53.8%), from €10,873 to €16,727
- Financial charges -€1,025
down €1,025 (-21.4%), from €4,779 to €3,755
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 | €2,093,349 | €1,926,022 | -€167,326 | -8.0% |
| Fixed assets | 21/28 | €1,104,363 | €1,826,788 | +€722,425 | +65.4% |
| Tangible fixed assets | 22/27 | €1,104,363 | €1,826,788 | +€722,425 | +65.4% |
| Land and buildings | 22 | €1,096,583 | €1,819,899 | +€723,315 | +66.0% |
| Furniture and vehicles | 24 | €7,780 | €6,889 | -€891 | -11.5% |
| Current assets | 29/58 | €988,986 | €99,235 | -€889,751 | -90.0% |
| Amounts receivable within one year | 40/41 | €12,261 | €16,128 | +€3,867 | +31.5% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €12,261 | €15,128 | +€2,867 | +23.4% |
| Cash at bank and in hand | 54/58 | €976,557 | €83,107 | -€893,450 | -91.5% |
| Deferred charges and accrued income | 490/1 | €168 | €0 | -€168 | -100% |
| Total equity and liabilities | 10/49 | €2,093,349 | €1,926,022 | -€167,326 | -8.0% |
| Equity | 10/15 | €1,271,013 | €1,200,430 | -€70,583 | -5.6% |
| Contributions | 10/11 | €389,750 | €389,750 | = | 0.0% |
| Capital | 10 | €389,750 | €389,750 | = | 0.0% |
| Issued capital | 100 | €389,750 | €389,750 | = | 0.0% |
| Reserves | 13 | €1,036,205 | €1,014,229 | -€21,976 | -2.1% |
| Non-distributable reserves | 130/1 | €13,136 | €13,136 | = | 0.0% |
| Legal reserve | 130 | €13,136 | €13,136 | = | 0.0% |
| Tax-exempt reserves | 132 | €982,011 | €960,035 | -€21,976 | -2.2% |
| Distributable reserves | 133 | €41,059 | €41,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,942 | -€203,549 | -€48,607 | -31.4% |
| Provisions and deferred taxes | 16 | €327,337 | €320,012 | -€7,325 | -2.2% |
| Deferred taxes | 168 | €327,337 | €320,012 | -€7,325 | -2.2% |
| Amounts payable | 17/49 | €494,999 | €405,581 | -€89,418 | -18.1% |
| Amounts payable after more than one year | 17 | €389,977 | €325,420 | -€64,557 | -16.6% |
| Financial debts | 170/4 | €389,977 | €325,420 | -€64,557 | -16.6% |
| Amounts payable within one year | 42/48 | €101,682 | €75,771 | -€25,911 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €94,927 | €64,557 | -€30,370 | -32.0% |
| Trade debts | 44 | €6,755 | €11,214 | +€4,459 | +66.0% |
| Suppliers | 440/4 | €6,755 | €11,214 | +€4,459 | +66.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,340 | €4,390 | +€1,050 | +31.4% |
| Non-recurring operating income | 76A | €26,813 | €0 | -€26,813 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,279 | €93,967 | +€33,688 | +55.9% |
| Other operating charges | 640/8 | €10,873 | €16,727 | +€5,854 | +53.8% |
| Gross operating margin | 9900 | €45,261 | €26,983 | -€18,278 | -40.4% |
| Operating profit (loss) | 9901 | -€25,891 | -€83,711 | -€57,820 | -223% |
| Financial income | 75/76B | €40,868 | €9,557 | -€31,312 | -76.6% |
| Recurring financial income | 75 | €40,868 | €9,557 | -€31,312 | -76.6% |
| Financial charges | 65/66B | €4,779 | €3,755 | -€1,025 | -21.4% |
| Recurring financial charges | 65 | €4,779 | €3,755 | -€1,025 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €10,198 | -€77,909 | -€88,107 | |
| Transfer from deferred taxes | 780 | €4,377 | €7,325 | +€2,949 | +67.4% |
| Transfer to deferred taxes | 680 | €6,703 | €0 | -€6,703 | -100% |
| Profit (loss) for the period | 9904 | €7,872 | -€70,583 | -€78,455 | |
| Transfer from tax-exempt reserves | 789 | €13,130 | €21,976 | +€8,846 | +67.4% |
| Transfer to tax-exempt reserves | 689 | €20,110 | €0 | -€20,110 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €892 | -€48,607 | -€49,499 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.