MEERT SERVICES: 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.
MEERT SERVICES
Largest movements
- Receivables within one year +€22,367
up €22,367 (+186%), from €12,017 to €34,385
of which Trade receivables: +€11,269
- Deferred charges and accrued income +€1,860
up €1,860 (+406%), from €458 to €2,318
- Tangible fixed assets +€1,624
up €1,624 (+25.7%), from €6,319 to €7,943
of which Plant, machinery and equipment: +€1,624
- Stocks and contracts -€836
no longer reported in 2025 (was €836)
- Cash -€787
no longer reported in 2025 (was €787)
mainly Receivables within one year (-€22,367) and Investment in fixed assets (net) (-€3,462)
- Profit (loss) carried forward +€13,413
up €13,413 (+43.2%), from -€31,024 to -€17,611
- Accrued charges and deferred income +€11,058
up €11,058 (+602%), from €1,837 to €12,895
- Other debts -€1,409
no longer reported in 2025 (was €1,409)
- Short-term financial debts +€1,166
up €1,166, from €0 to €1,166
of which Other loans: +€1,166
- Trade debts -€1,010
down €1,010 (-8.4%), from €11,986 to €10,977
- Turnover +€88,812
up €88,812 (+121%), from €73,302 to €162,114
- Purchases and services +€68,206
up €68,206 (+131%), from €52,121 to €120,328
- Gross operating margin +€21,257
up €21,257 (+100%), from €21,191 to €42,448
- Staff costs +€15,647
up €15,647 (+138%), from €11,297 to €26,944
- Financial income +€5,878
up €5,878 (+963,687%), from €1 to €5,879
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 | €20,688 | €44,915 | +€24,228 | +117% |
| Fixed assets | 21/28 | €6,589 | €8,213 | +€1,624 | +24.7% |
| Tangible fixed assets | 22/27 | €6,319 | €7,943 | +€1,624 | +25.7% |
| Plant, machinery and equipment | 23 | €6,319 | €7,943 | +€1,624 | +25.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €14,099 | €36,702 | +€22,603 | +160% |
| Stocks and contracts in progress | 3 | €836 | - | -€836 | |
| Stocks | 30/36 | €836 | - | -€836 | |
| Amounts receivable within one year | 40/41 | €12,017 | €34,385 | +€22,367 | +186% |
| Trade receivables | 40 | €11,034 | €22,303 | +€11,269 | +102% |
| Other amounts receivable | 41 | €983 | €12,082 | +€11,099 | +1,129% |
| Cash at bank and in hand | 54/58 | €787 | - | -€787 | |
| Deferred charges and accrued income | 490/1 | €458 | €2,318 | +€1,860 | +406% |
| Total equity and liabilities | 10/49 | €20,688 | €44,915 | +€24,228 | +117% |
| Equity | 10/15 | €1,244 | €14,657 | +€13,413 | +1,078% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €7,479 | €7,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,024 | -€17,611 | +€13,413 | +43.2% |
| Amounts payable | 17/49 | €19,444 | €30,258 | +€10,814 | +55.6% |
| Amounts payable within one year | 42/48 | €17,607 | €17,363 | -€243 | -1.4% |
| Financial debts | 43 | €0 | €1,166 | +€1,166 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | - | €1,166 | +€1,166 | |
| Trade debts | 44 | €11,986 | €10,977 | -€1,010 | -8.4% |
| Suppliers | 440/4 | €11,986 | €10,977 | -€1,010 | -8.4% |
| Taxes, remuneration and social security | 45 | €4,212 | €5,221 | +€1,009 | +24.0% |
| Taxes | 450/3 | €2,923 | €5,221 | +€2,298 | +78.6% |
| Remuneration and social security | 454/9 | €1,288 | - | -€1,288 | |
| Other amounts payable | 47/48 | €1,409 | - | -€1,409 | |
| Accrued charges and deferred income | 492/3 | €1,837 | €12,895 | +€11,058 | +602% |
| Turnover | 70 | €73,302 | €162,114 | +€88,812 | +121% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,121 | €120,328 | +€68,206 | +131% |
| Remuneration, social security and pensions | 62 | €11,297 | €26,944 | +€15,647 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €1,838 | +€74 | +4.2% |
| Other operating charges | 640/8 | €452 | €556 | +€104 | +23.0% |
| Gross operating margin | 9900 | €21,191 | €42,448 | +€21,257 | +100% |
| Operating profit (loss) | 9901 | €7,677 | €13,110 | +€5,433 | +70.8% |
| Financial income | 75/76B | €1 | €5,879 | +€5,878 | +963,687% |
| Recurring financial income | 75 | €1 | €5,879 | +€5,878 | +963,687% |
| Financial charges | 65/66B | €1,346 | €5,443 | +€4,098 | +305% |
| Recurring financial charges | 65 | €1,346 | €5,443 | +€4,098 | +305% |
| Profit (loss) for the period before taxes | 9903 | €6,332 | €13,546 | +€7,214 | +114% |
| Income taxes | 67/77 | - | €133 | +€133 | |
| Profit (loss) for the period | 9904 | €6,332 | €13,413 | +€7,081 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €6,332 | €13,413 | +€7,081 | +112% |
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 26 October 2026 via checked.be.