MEERT INTERIEUR: what changed
What changed
MEERT INTERIEUR
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€26,717
2024 · €117,335-€90,618
Equity
€927,261
2024 · €900,544+€26,717
Cash
€120,508
2024 · €43,581+€76,927
Balance sheet total
€1.8m
2024 · €1.8m+€50,611
Largest movements
Assets
- Tangible fixed assets -€124,406
down €124,406 (-9.8%), from €1.3m to €1.1m
of which Land and buildings: -€87,414
- Stocks and contracts +€108,071
up €108,071 (+207%), from €52,266 to €160,337
of which Stocks: +€121,586
- Cash +€76,927
up €76,927 (+177%), from €43,581 to €120,508
mainly Depreciation (+€163,219) and Trade debts (+€65,022)
Equity and liabilities
- Trade debts +€65,022
up €65,022 (+47.0%), from €138,332 to €203,354
- Debts after one year -€51,195
down €51,195 (-8.2%), from €625,326 to €574,132
- Reserves +€26,717
up €26,717 (+3.1%), from €869,244 to €895,961
of which Distributable reserves: +€26,717
Income statement
- Staff costs +€59,293
up €59,293 (+13.5%), from €439,685 to €498,978
- Gross operating margin -€49,946
down €49,946 (-6.5%), from €772,689 to €722,743
- Taxes -€20,279
down €20,279 (-60.7%), from €33,390 to €13,111
- Depreciation +€9,437
up €9,437 (+6.1%), from €153,783 to €163,219
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€117,335
Gross operating margin
-€49,946
Staff costs
-€59,293
Depreciation
-€9,437
Write-downs
+€4,145
Other operating charges
+€2,857
Financial income
-€1,169
Financial charges
+€1,946
Taxes
+€20,279
Result 2025
€26,717
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€166,603
Investment
-€37,864
Financing
-€51,812
Cash 2024
€43,581
From operations (derived)
+€166,603
Net result for the year
+€26,717
Depreciation
+€163,219
Stocks and contracts
-€108,071
Receivables within one year
+€9,387
Deferred charges and accrued income
-€356
Trade debts
+€65,022
Tax, wage and social debts
+€7,458
Other debts
+€3,227
Investment (derived)
-€37,864
Investment in fixed assets (net)
-€38,813
Current investments
+€949
Financing
-€51,812
Debts after one year
-€51,195
Current portion of long-term debt
+€578
Short-term financial debts
-€1,196
Cash 2025
€120,508
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,793,227 | €1,843,839 | +€50,611 | +2.8% |
| Fixed assets | 21/28 | €1,383,562 | €1,259,155 | -€124,406 | -9.0% |
| Tangible fixed assets | 22/27 | €1,263,562 | €1,139,155 | -€124,406 | -9.8% |
| Land and buildings | 22 | €1,089,941 | €1,002,526 | -€87,414 | -8.0% |
| Plant, machinery and equipment | 23 | €79,126 | €36,417 | -€42,709 | -54.0% |
| Furniture and vehicles | 24 | €94,495 | €100,212 | +€5,717 | +6.1% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €409,666 | €584,683 | +€175,018 | +42.7% |
| Stocks and contracts in progress | 3 | €52,266 | €160,337 | +€108,071 | +207% |
| Stocks | 30/36 | €38,751 | €160,337 | +€121,586 | +314% |
| Contracts in progress | 37 | €13,515 | €0 | -€13,515 | -100% |
| Amounts receivable within one year | 40/41 | €250,517 | €241,130 | -€9,387 | -3.7% |
| Trade receivables | 40 | €181,495 | €173,807 | -€7,688 | -4.2% |
| Other amounts receivable | 41 | €69,022 | €67,323 | -€1,699 | -2.5% |
| Current investments | 50/53 | €59,892 | €58,943 | -€949 | -1.6% |
| Cash at bank and in hand | 54/58 | €43,581 | €120,508 | +€76,927 | +177% |
| Deferred charges and accrued income | 490/1 | €3,410 | €3,765 | +€356 | +10.4% |
| Total equity and liabilities | 10/49 | €1,793,227 | €1,843,839 | +€50,611 | +2.8% |
| Equity | 10/15 | €900,544 | €927,261 | +€26,717 | +3.0% |
| Contributions | 10/11 | €31,300 | €31,300 | = | 0.0% |
| Reserves | 13 | €869,244 | €895,961 | +€26,717 | +3.1% |
| Non-distributable reserves | 130/1 | €3,130 | €3,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,130 | €3,130 | = | 0.0% |
| Distributable reserves | 133 | €866,114 | €892,831 | +€26,717 | +3.1% |
| Amounts payable | 17/49 | €892,684 | €916,578 | +€23,894 | +2.7% |
| Amounts payable after more than one year | 17 | €625,326 | €574,132 | -€51,195 | -8.2% |
| Financial debts | 170/4 | €625,326 | €574,132 | -€51,195 | -8.2% |
| Amounts payable within one year | 42/48 | €267,357 | €342,446 | +€75,089 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €50,617 | €51,195 | +€578 | +1.1% |
| Financial debts | 43 | €1,653 | €458 | -€1,196 | -72.3% |
| Credit institutions | 430/8 | €1,653 | €458 | -€1,196 | -72.3% |
| Trade debts | 44 | €138,332 | €203,354 | +€65,022 | +47.0% |
| Suppliers | 440/4 | €138,332 | €203,354 | +€65,022 | +47.0% |
| Taxes, remuneration and social security | 45 | €19,657 | €27,114 | +€7,458 | +37.9% |
| Taxes | 450/3 | €3,610 | €4,699 | +€1,089 | +30.2% |
| Remuneration and social security | 454/9 | €16,047 | €22,415 | +€6,368 | +39.7% |
| Other amounts payable | 47/48 | €57,098 | €60,325 | +€3,227 | +5.7% |
| Remuneration, social security and pensions | 62 | €439,685 | €498,978 | +€59,293 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,783 | €163,219 | +€9,437 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,145 | €0 | -€4,145 | -100% |
| Other operating charges | 640/8 | €20,538 | €17,681 | -€2,857 | -13.9% |
| Gross operating margin | 9900 | €772,689 | €722,743 | -€49,946 | -6.5% |
| Operating profit (loss) | 9901 | €154,538 | €42,865 | -€111,674 | -72.3% |
| Financial income | 75/76B | €7,600 | €6,431 | -€1,169 | -15.4% |
| Recurring financial income | 75 | €7,600 | €6,431 | -€1,169 | -15.4% |
| Financial charges | 65/66B | €11,414 | €9,468 | -€1,946 | -17.0% |
| Recurring financial charges | 65 | €11,414 | €9,468 | -€1,946 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €150,724 | €39,828 | -€110,896 | -73.6% |
| Income taxes | 67/77 | €33,390 | €13,111 | -€20,279 | -60.7% |
| Profit (loss) for the period | 9904 | €117,335 | €26,717 | -€90,618 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,335 | €26,717 | -€90,618 | -77.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.