MEERTS & C°: 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.
MEERTS & C°
Largest movements
- Receivables within one year +€77,711
up €77,711 (+6.8%), from €1.1m to €1.2m
of which Other amounts receivable: +€128,336
- Other debts +€68,729
up €68,729 (+5.0%), from €1.4m to €1.5m
- Financial charges +€43,533
up €43,533 (+79.6%), from €54,693 to €98,226
- Financial income +€11,188
up €11,188 (+24.2%), from €46,259 to €57,447
- Taxes -€7,390
down €7,390 (-85.0%), from €8,694 to €1,305
- Gross operating margin +€4,553
up €4,553 (+11.1%), from €41,013 to €45,566
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 | €3,291,115 | €3,368,844 | +€77,729 | +2.4% |
| Fixed assets | 21/28 | €2,150,280 | €2,150,280 | = | 0.0% |
| Financial fixed assets | 28 | €2,150,280 | €2,150,280 | = | 0.0% |
| Current assets | 29/58 | €1,140,835 | €1,218,564 | +€77,729 | +6.8% |
| Amounts receivable within one year | 40/41 | €1,140,291 | €1,218,002 | +€77,711 | +6.8% |
| Trade receivables | 40 | €143,775 | €93,150 | -€50,625 | -35.2% |
| Other amounts receivable | 41 | €996,516 | €1,124,852 | +€128,336 | +12.9% |
| Cash at bank and in hand | 54/58 | €544 | €562 | +€18 | +3.3% |
| Total equity and liabilities | 10/49 | €3,291,115 | €3,368,844 | +€77,729 | +2.4% |
| Equity | 10/15 | €1,844,541 | €1,848,023 | +€3,483 | +0.2% |
| Contributions | 10/11 | €1,046,000 | €1,046,000 | = | 0.0% |
| Reserves | 13 | €798,541 | €802,023 | +€3,483 | +0.4% |
| Non-distributable reserves | 130/1 | €21,250 | €21,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,250 | €21,250 | = | 0.0% |
| Distributable reserves | 133 | €777,291 | €780,773 | +€3,483 | +0.4% |
| Amounts payable | 17/49 | €1,446,574 | €1,520,821 | +€74,246 | +5.1% |
| Amounts payable within one year | 42/48 | €1,446,574 | €1,520,821 | +€74,246 | +5.1% |
| Trade debts | 44 | €2,182 | €1,202 | -€980 | -44.9% |
| Suppliers | 440/4 | €2,182 | €1,202 | -€980 | -44.9% |
| Advances received on contracts in progress | 46 | €1,022 | €1,022 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €56,581 | €63,078 | +€6,497 | +11.5% |
| Taxes | 450/3 | €56,581 | €63,078 | +€6,497 | +11.5% |
| Other amounts payable | 47/48 | €1,386,789 | €1,455,518 | +€68,729 | +5.0% |
| Gross operating margin | 9900 | €41,013 | €45,566 | +€4,553 | +11.1% |
| Operating profit (loss) | 9901 | €41,013 | €45,566 | +€4,553 | +11.1% |
| Financial income | 75/76B | €46,259 | €57,447 | +€11,188 | +24.2% |
| Recurring financial income | 75 | €46,259 | €57,447 | +€11,188 | +24.2% |
| Financial charges | 65/66B | €54,693 | €98,226 | +€43,533 | +79.6% |
| Recurring financial charges | 65 | €54,693 | €98,226 | +€43,533 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €32,579 | €4,787 | -€27,792 | -85.3% |
| Income taxes | 67/77 | €8,694 | €1,305 | -€7,390 | -85.0% |
| Profit (loss) for the period | 9904 | €23,884 | €3,483 | -€20,402 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,884 | €3,483 | -€20,402 | -85.4% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.