MEERTEN: 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.
MEERTEN
Largest movements
- Stocks and contracts +€6,273
new in 2025: €6,273
- Receivables within one year +€398
new in 2025: €398
- Cash +€216
new in 2025: €216
mainly Trade debts (+€21,541) and Other debts (+€1,006)
- Trade debts +€21,541
new in 2025: €21,541
- Profit (loss) carried forward -€15,660
down €15,660 (-18.5%), from -€84,496 to -€100,156
- Other debts +€1,006
up €1,006 (+1.6%), from €64,036 to €65,042
- Gross operating margin -€14,553
new in 2025: -€14,553
- Other operating charges +€963
new in 2025: €963
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | - | €6,887 | +€6,887 | |
| Current assets | 29/58 | - | €6,887 | +€6,887 | |
| Stocks and contracts in progress | 3 | - | €6,273 | +€6,273 | |
| Stocks | 30/36 | - | €6,273 | +€6,273 | |
| Amounts receivable within one year | 40/41 | - | €398 | +€398 | |
| Other amounts receivable | 41 | - | €398 | +€398 | |
| Cash at bank and in hand | 54/58 | - | €216 | +€216 | |
| Total equity and liabilities | 10/49 | €0 | €6,887 | +€6,887 | |
| Equity | 10/15 | -€64,036 | -€79,696 | -€15,660 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,496 | -€100,156 | -€15,660 | -18.5% |
| Amounts payable | 17/49 | €64,036 | €86,583 | +€22,547 | +35.2% |
| Amounts payable within one year | 42/48 | €64,036 | €86,583 | +€22,547 | +35.2% |
| Trade debts | 44 | - | €21,541 | +€21,541 | |
| Suppliers | 440/4 | - | €21,541 | +€21,541 | |
| Other amounts payable | 47/48 | €64,036 | €65,042 | +€1,006 | +1.6% |
| Other operating charges | 640/8 | - | €963 | +€963 | |
| Gross operating margin | 9900 | - | -€14,553 | -€14,553 | |
| Operating profit (loss) | 9901 | - | -€15,516 | -€15,516 | |
| Financial charges | 65/66B | - | €144 | +€144 | |
| Recurring financial charges | 65 | - | €144 | +€144 | |
| Profit (loss) for the period before taxes | 9903 | - | -€15,660 | -€15,660 | |
| Profit (loss) for the period | 9904 | - | -€15,660 | -€15,660 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€15,660 | -€15,660 |
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 18 October 2026 via checked.be.