Meert Construct: what changed
Two fiscal 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.
Meert Construct
Largest movements
- Receivables within one year +€11,149
up €11,149 (+11.6%), from €96,428 to €107,577
of which Trade receivables: +€11,149
- Profit (loss) carried forward +€19,227
up €19,227 (+43.7%), from -€43,995 to -€24,768
- Trade debts -€7,982
down €7,982 (-90.1%), from €8,862 to €881
- Gross operating margin -€12,277
down €12,277 (-38.7%), from €31,714 to €19,437
- Financial income +€771
up €771 (+400.0%), from €193 to €964
- Depreciation -€576
down €576 (-43.2%), from €1,333 to €758
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.
Cash bridge derived
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 | €98,762 | €108,943 | +€10,181 | +10.3% |
| Fixed assets | 21/28 | €999 | €241 | -€758 | -75.8% |
| Tangible fixed assets | 22/27 | €999 | €241 | -€758 | -75.8% |
| Plant, machinery and equipment | 23 | €575 | - | -€575 | |
| Furniture and vehicles | 24 | €425 | €241 | -€183 | -43.2% |
| Current assets | 29/58 | €97,763 | €108,702 | +€10,939 | +11.2% |
| Amounts receivable within one year | 40/41 | €96,428 | €107,577 | +€11,149 | +11.6% |
| Trade receivables | 40 | €62,597 | €73,746 | +€11,149 | +17.8% |
| Other amounts receivable | 41 | €33,831 | €33,831 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,267 | €607 | -€660 | -52.1% |
| Deferred charges and accrued income | 490/1 | €68 | €518 | +€450 | +657.5% |
| Total equity and liabilities | 10/49 | €98,762 | €108,943 | +€10,181 | +10.3% |
| Equity | 10/15 | -€33,995 | -€14,768 | +€19,227 | +56.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,995 | -€24,768 | +€19,227 | +43.7% |
| Amounts payable | 17/49 | €132,757 | €123,711 | -€9,047 | -6.8% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,757 | €23,711 | -€9,047 | -27.6% |
| Trade debts | 44 | €8,862 | €881 | -€7,982 | -90.1% |
| Suppliers | 440/4 | €8,862 | €881 | -€7,982 | -90.1% |
| Taxes, remuneration and social security | 45 | €5,858 | €4,913 | -€945 | -16.1% |
| Taxes | 450/3 | €2,058 | €2,163 | +€105 | +5.1% |
| Remuneration and social security | 454/9 | €3,800 | €2,750 | -€1,050 | -27.6% |
| Other amounts payable | 47/48 | €18,037 | €17,917 | -€120 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | €758 | -€576 | -43.2% |
| Other operating charges | 640/8 | €319 | €376 | +€57 | +17.9% |
| Gross operating margin | 9900 | €31,714 | €19,437 | -€12,277 | -38.7% |
| Operating profit (loss) | 9901 | €30,062 | €18,304 | -€11,758 | -39.1% |
| Financial income | 75/76B | €193 | €964 | +€771 | +400.0% |
| Recurring financial income | 75 | €193 | €964 | +€771 | +400.0% |
| Financial charges | 65/66B | €102 | €40 | -€62 | -60.5% |
| Recurring financial charges | 65 | €102 | €40 | -€62 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €30,153 | €19,227 | -€10,925 | -36.2% |
| Profit (loss) for the period | 9904 | €30,153 | €19,227 | -€10,925 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,153 | €19,227 | -€10,925 | -36.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.