MEERS TR&C: 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 TR&C
Largest movements
- Tangible fixed assets -€8,755
down €8,755 (-11.6%), from €75,773 to €67,018
of which Land and buildings: -€6,253
- Other debts +€115,397
up €115,397 (+149%), from €77,443 to €192,840
- Tax, wage and social debts -€82,620
down €82,620 (-98.2%), from €84,145 to €1,524
of which Remuneration and social security: -€83,715
- Profit (loss) carried forward -€20,957
down €20,957 (-48.4%), from €43,261 to €22,304
- Debts after one year -€14,454
down €14,454 (-26.5%), from €54,553 to €40,099
- Current portion of long-term debt -€13,905
down €13,905 (-49.0%), from €28,360 to €14,454
- Gross operating margin -€34,577
down €34,577, from €28,442 to -€6,135
- Other operating charges +€593
up €593 (+22.3%), from €2,664 to €3,256
- Taxes +€336
up €336 (+455%), from €74 to €410
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 | €305,723 | €293,701 | -€12,022 | -3.9% |
| Fixed assets | 21/28 | €75,773 | €67,018 | -€8,755 | -11.6% |
| Tangible fixed assets | 22/27 | €75,773 | €67,018 | -€8,755 | -11.6% |
| Land and buildings | 22 | €69,632 | €63,379 | -€6,253 | -9.0% |
| Furniture and vehicles | 24 | €6,141 | €3,638 | -€2,502 | -40.7% |
| Current assets | 29/58 | €229,950 | €226,683 | -€3,267 | -1.4% |
| Amounts receivable within one year | 40/41 | €210,701 | €210,636 | -€64 | 0.0% |
| Trade receivables | 40 | €209,022 | €207,402 | -€1,620 | -0.8% |
| Other amounts receivable | 41 | €1,679 | €3,235 | +€1,556 | +92.7% |
| Cash at bank and in hand | 54/58 | €4,964 | €4,751 | -€213 | -4.3% |
| Deferred charges and accrued income | 490/1 | €14,285 | €11,296 | -€2,989 | -20.9% |
| Total equity and liabilities | 10/49 | €305,723 | €293,701 | -€12,022 | -3.9% |
| Equity | 10/15 | €60,399 | €39,442 | -€20,957 | -34.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,138 | €2,138 | = | 0.0% |
| Distributable reserves | 133 | €2,138 | €2,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,261 | €22,304 | -€20,957 | -48.4% |
| Amounts payable | 17/49 | €245,324 | €254,259 | +€8,935 | +3.6% |
| Amounts payable after more than one year | 17 | €54,553 | €40,099 | -€14,454 | -26.5% |
| Financial debts | 170/4 | €54,553 | €40,099 | -€14,454 | -26.5% |
| Amounts payable within one year | 42/48 | €190,154 | €214,160 | +€24,006 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €28,360 | €14,454 | -€13,905 | -49.0% |
| Trade debts | 44 | €207 | €4,749 | +€4,542 | +2,198% |
| Suppliers | 440/4 | €207 | €4,749 | +€4,542 | +2,198% |
| Advances received on contracts in progress | 46 | - | €593 | +€593 | |
| Taxes, remuneration and social security | 45 | €84,145 | €1,524 | -€82,620 | -98.2% |
| Taxes | 450/3 | €430 | €1,524 | +€1,095 | +255% |
| Remuneration and social security | 454/9 | €83,715 | €0 | -€83,715 | -100% |
| Other amounts payable | 47/48 | €77,443 | €192,840 | +€115,397 | +149% |
| Accrued charges and deferred income | 492/3 | €617 | €0 | -€617 | -100% |
| Non-recurring operating income | 76A | €1,799 | €0 | -€1,799 | -100% |
| Remuneration, social security and pensions | 62 | €117 | €0 | -€117 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,683 | €8,755 | +€72 | +0.8% |
| Other operating charges | 640/8 | €2,664 | €3,256 | +€593 | +22.3% |
| Non-recurring operating charges | 66A | €3,749 | €0 | -€3,749 | -100% |
| Gross operating margin | 9900 | €28,442 | -€6,135 | -€34,577 | |
| Operating profit (loss) | 9901 | €13,229 | -€18,146 | -€31,376 | |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Non-recurring financial income | 76B | - | €51 | +€51 | |
| Financial charges | 65/66B | €2,420 | €2,506 | +€87 | +3.6% |
| Recurring financial charges | 65 | €2,420 | €2,506 | +€87 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €10,810 | -€20,548 | -€31,357 | |
| Income taxes | 67/77 | €74 | €410 | +€336 | +455% |
| Profit (loss) for the period | 9904 | €10,736 | -€20,957 | -€31,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,736 | -€20,957 | -€31,693 |
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 23 October 2026 via checked.be.