MEERWERK: 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.
MEERWERK
Largest movements
- Cash +€8,936
up €8,936 (+27.1%), from €33,021 to €41,957
mainly Net result for the year (+€15,636) and Depreciation (+€731)
- Receivables within one year +€5,021
up €5,021 (+56.0%), from €8,961 to €13,982
- Tangible fixed assets -€731
down €731 (-72.3%), from €1,011 to €280
- Reserves +€15,636
up €15,636 (+63.9%), from €24,461 to €40,097
of which Distributable reserves: +€15,636
- Tax, wage and social debts -€1,500
down €1,500 (-25.3%), from €5,927 to €4,427
- Other debts -€679
down €679 (-8.0%), from €8,522 to €7,843
- Gross operating margin +€2,106
up €2,106 (+10.7%), from €19,618 to €21,724
- Depreciation -€1,685
down €1,685 (-69.8%), from €2,416 to €731
- Taxes +€826
up €826 (+20.9%), from €3,958 to €4,784
- Other operating charges +€381
up €381 (+303%), from €126 to €507
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 | €43,329 | €56,871 | +€13,542 | +31.3% |
| Fixed assets | 21/28 | €1,011 | €280 | -€731 | -72.3% |
| Tangible fixed assets | 22/27 | €1,011 | €280 | -€731 | -72.3% |
| Furniture and vehicles | 24 | €1,011 | €280 | -€731 | -72.3% |
| Current assets | 29/58 | €42,318 | €56,591 | +€14,273 | +33.7% |
| Amounts receivable within one year | 40/41 | €8,961 | €13,982 | +€5,021 | +56.0% |
| Trade receivables | 40 | €8,961 | €13,982 | +€5,021 | +56.0% |
| Cash at bank and in hand | 54/58 | €33,021 | €41,957 | +€8,936 | +27.1% |
| Deferred charges and accrued income | 490/1 | €336 | €652 | +€316 | +93.8% |
| Total equity and liabilities | 10/49 | €43,329 | €56,871 | +€13,542 | +31.3% |
| Equity | 10/15 | €24,961 | €40,597 | +€15,636 | +62.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €24,461 | €40,097 | +€15,636 | +63.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,461 | €40,097 | +€15,636 | +63.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,368 | €16,274 | -€2,094 | -11.4% |
| Amounts payable within one year | 42/48 | €18,368 | €16,274 | -€2,094 | -11.4% |
| Trade debts | 44 | €3,919 | €4,004 | +€85 | +2.2% |
| Suppliers | 440/4 | €3,919 | €4,004 | +€85 | +2.2% |
| Taxes, remuneration and social security | 45 | €5,927 | €4,427 | -€1,500 | -25.3% |
| Taxes | 450/3 | €5,927 | €4,427 | -€1,500 | -25.3% |
| Other amounts payable | 47/48 | €8,522 | €7,843 | -€679 | -8.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,416 | €731 | -€1,685 | -69.8% |
| Other operating charges | 640/8 | €126 | €507 | +€381 | +303% |
| Non-recurring operating charges | 66A | €169 | €0 | -€169 | -100% |
| Gross operating margin | 9900 | €19,618 | €21,724 | +€2,106 | +10.7% |
| Operating profit (loss) | 9901 | €16,907 | €20,486 | +€3,579 | +21.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €65 | €66 | +€1 | +1.6% |
| Recurring financial charges | 65 | €65 | €66 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €16,842 | €20,420 | +€3,578 | +21.2% |
| Income taxes | 67/77 | €3,958 | €4,784 | +€826 | +20.9% |
| Profit (loss) for the period | 9904 | €12,884 | €15,636 | +€2,752 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,884 | €15,636 | +€2,752 | +21.4% |
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 23 October 2026 via checked.be.