MEERS PATRICK: 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 PATRICK
Largest movements
- Receivables within one year -€11,133
down €11,133 (-31.4%), from €35,501 to €24,368
of which Other amounts receivable: -€7,507
- Cash +€3,258
up €3,258 (+18.4%), from €17,711 to €20,969
mainly Receivables within one year (+€11,133) and Net result for the year (+€5,291)
- Tangible fixed assets -€2,967
down €2,967 (-20.3%), from €14,629 to €11,661
of which Furniture and vehicles: -€3,031
- Stocks and contracts -€1,080
down €1,080 (-14.2%), from €7,615 to €6,535
- Trade debts -€12,435
down €12,435 (-53.6%), from €23,185 to €10,750
- Profit (loss) carried forward +€5,291
up €5,291 (+38.7%), from -€13,673 to -€8,382
- Current portion of long-term debt -€4,037
down €4,037 (-64.1%), from €6,298 to €2,261
- Gross operating margin -€7,219
down €7,219 (-38.4%), from €18,785 to €11,567
- Financial charges -€501
down €501 (-23.9%), from €2,095 to €1,594
- Depreciation +€448
up €448 (+12.1%), from €3,717 to €4,165
- Financial income -€239
down €239 (-57.8%), from €414 to €175
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 | €84,476 | €72,421 | -€12,054 | -14.3% |
| Fixed assets | 21/28 | €14,629 | €11,661 | -€2,967 | -20.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,629 | €11,661 | -€2,967 | -20.3% |
| Land and buildings | 22 | €2,815 | €2,210 | -€605 | -21.5% |
| Plant, machinery and equipment | 23 | €1,543 | €2,211 | +€668 | +43.3% |
| Furniture and vehicles | 24 | €10,271 | €7,240 | -€3,031 | -29.5% |
| Current assets | 29/58 | €69,847 | €60,760 | -€9,087 | -13.0% |
| Stocks and contracts in progress | 3 | €7,615 | €6,535 | -€1,080 | -14.2% |
| Stocks | 30/36 | €7,615 | €6,535 | -€1,080 | -14.2% |
| Amounts receivable within one year | 40/41 | €35,501 | €24,368 | -€11,133 | -31.4% |
| Trade receivables | 40 | €17,843 | €14,217 | -€3,626 | -20.3% |
| Other amounts receivable | 41 | €17,658 | €10,151 | -€7,507 | -42.5% |
| Cash at bank and in hand | 54/58 | €17,711 | €20,969 | +€3,258 | +18.4% |
| Deferred charges and accrued income | 490/1 | €9,020 | €8,889 | -€131 | -1.5% |
| Total equity and liabilities | 10/49 | €84,476 | €72,421 | -€12,054 | -14.3% |
| Equity | 10/15 | €38,473 | €43,764 | +€5,291 | +13.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €31,687 | €31,687 | = | 0.0% |
| Distributable reserves | 133 | €31,687 | €31,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,673 | -€8,382 | +€5,291 | +38.7% |
| Amounts payable | 17/49 | €46,002 | €28,657 | -€17,346 | -37.7% |
| Amounts payable after more than one year | 17 | €573 | - | -€573 | |
| Financial debts | 170/4 | €573 | - | -€573 | |
| Amounts payable within one year | 42/48 | €45,429 | €28,657 | -€16,772 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €6,298 | €2,261 | -€4,037 | -64.1% |
| Trade debts | 44 | €23,185 | €10,750 | -€12,435 | -53.6% |
| Suppliers | 440/4 | €23,185 | €10,750 | -€12,435 | -53.6% |
| Taxes, remuneration and social security | 45 | €26 | €467 | +€441 | +1,668% |
| Taxes | 450/3 | €26 | €467 | +€441 | +1,668% |
| Other amounts payable | 47/48 | €15,919 | €15,178 | -€741 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,717 | €4,165 | +€448 | +12.1% |
| Other operating charges | 640/8 | €544 | €691 | +€147 | +27.0% |
| Gross operating margin | 9900 | €18,785 | €11,567 | -€7,219 | -38.4% |
| Operating profit (loss) | 9901 | €14,525 | €6,711 | -€7,814 | -53.8% |
| Financial income | 75/76B | €414 | €175 | -€239 | -57.8% |
| Recurring financial income | 75 | €414 | €175 | -€239 | -57.8% |
| Financial charges | 65/66B | €2,095 | €1,594 | -€501 | -23.9% |
| Recurring financial charges | 65 | €2,095 | €1,594 | -€501 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €12,844 | €5,291 | -€7,552 | -58.8% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €12,844 | €5,291 | -€7,552 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,844 | €5,291 | -€7,552 | -58.8% |
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 16 October 2026 via checked.be.