MEERSSEMAN: 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.
MEERSSEMAN
Largest movements
- Tangible fixed assets -€3,539
down €3,539 (-23.3%), from €15,157 to €11,618
of which Furniture and vehicles: -€3,199
- Receivables within one year +€2,966
up €2,966 (+117%), from €2,544 to €5,510
of which Other amounts receivable: +€1,583
- Deferred charges and accrued income -€488
down €488 (-46.3%), from €1,054 to €566
- Cash +€438
up €438 (+167%), from €262 to €700
mainly Net result for the year (+€12,089) and Depreciation (+€3,914)
- Intangible fixed assets -€375
down €375 (-51.1%), from €734 to €359
- Debts after one year -€17,352
down €17,352 (-3.8%), from €455,224 to €437,873
- Profit (loss) carried forward +€12,089
up €12,089 (+2.1%), from -€570,765 to -€558,677
- Trade debts +€3,820
up €3,820 (+187%), from €2,039 to €5,859
- Tax, wage and social debts +€446
up €446 (+59.4%), from €751 to €1,197
- Gross operating margin -€204,309
down €204,309 (-92.2%), from €221,711 to €17,403
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 | €24,750 | €23,753 | -€997 | -4.0% |
| Fixed assets | 21/28 | €15,891 | €11,977 | -€3,914 | -24.6% |
| Intangible fixed assets | 21 | €734 | €359 | -€375 | -51.1% |
| Tangible fixed assets | 22/27 | €15,157 | €11,618 | -€3,539 | -23.3% |
| Plant, machinery and equipment | 23 | €1,688 | €1,348 | -€340 | -20.1% |
| Furniture and vehicles | 24 | €13,469 | €10,270 | -€3,199 | -23.8% |
| Current assets | 29/58 | €8,859 | €11,776 | +€2,917 | +32.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,544 | €5,510 | +€2,966 | +117% |
| Trade receivables | 40 | €2,544 | €3,927 | +€1,383 | +54.4% |
| Other amounts receivable | 41 | - | €1,583 | +€1,583 | |
| Cash at bank and in hand | 54/58 | €262 | €700 | +€438 | +167% |
| Deferred charges and accrued income | 490/1 | €1,054 | €566 | -€488 | -46.3% |
| Total equity and liabilities | 10/49 | €24,750 | €23,753 | -€997 | -4.0% |
| Equity | 10/15 | -€433,265 | -€421,177 | +€12,089 | +2.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€570,765 | -€558,677 | +€12,089 | +2.1% |
| Amounts payable | 17/49 | €458,015 | €444,930 | -€13,086 | -2.9% |
| Amounts payable after more than one year | 17 | €455,224 | €437,873 | -€17,352 | -3.8% |
| Other amounts payable | 178/9 | €455,224 | €437,873 | -€17,352 | -3.8% |
| Amounts payable within one year | 42/48 | €2,791 | €7,057 | +€4,266 | +153% |
| Trade debts | 44 | €2,039 | €5,859 | +€3,820 | +187% |
| Suppliers | 440/4 | €2,039 | €5,859 | +€3,820 | +187% |
| Taxes, remuneration and social security | 45 | €751 | €1,197 | +€446 | +59.4% |
| Taxes | 450/3 | €751 | €1,197 | +€446 | +59.4% |
| Non-recurring operating income | 76A | €200,000 | €0 | -€200,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,912 | €3,914 | +€1,002 | +34.4% |
| Other operating charges | 640/8 | €2,022 | €1,565 | -€457 | -22.6% |
| Gross operating margin | 9900 | €221,711 | €17,403 | -€204,309 | -92.2% |
| Operating profit (loss) | 9901 | €216,778 | €11,924 | -€204,853 | -94.5% |
| Financial income | 75/76B | €8 | €750 | +€742 | +8,947% |
| Recurring financial income | 75 | €8 | €750 | +€742 | +8,947% |
| Financial charges | 65/66B | - | €130 | +€130 | |
| Recurring financial charges | 65 | - | €130 | +€130 | |
| Profit (loss) for the period before taxes | 9903 | €216,786 | €12,545 | -€204,241 | -94.2% |
| Income taxes | 67/77 | €408 | €456 | +€48 | +11.7% |
| Profit (loss) for the period | 9904 | €216,378 | €12,089 | -€204,289 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €216,378 | €12,089 | -€204,289 | -94.4% |
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 19 October 2026 via checked.be.