MEERZA: 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.
MEERZA
Largest movements
- Stocks and contracts +€5,694
up €5,694 (+10.8%), from €52,766 to €58,460
- Cash +€2,342
up €2,342 (+183.9%), from €1,273 to €3,615
mainly Debts after one year (+€16,000) and Tax, wage and social debts (+€13,749)
- Tangible fixed assets -€1,709
no longer reported in 2025 (was €1,709)
of which Furniture and vehicles: -€1,113
- Trade debts -€21,671
down €21,671 (-99.4%), from €21,799 to €128
- Debts after one year +€16,000
new in 2025: €16,000
- Tax, wage and social debts +€13,749
up €13,749 (+165.5%), from €8,309 to €22,058
of which Remuneration and social security: +€12,685
- Short-term financial debts -€3,933
no longer reported in 2025 (was €3,933)
- Profit (loss) carried forward +€2,182
up €2,182 (+51.0%), from €4,275 to €6,457
- Turnover +€70,014
up €70,014 (+46.4%), from €150,965 to €220,979
- Purchases and services +€64,860
up €64,860 (+40.8%), from €159,049 to €223,909
- Gross operating margin -€22,412
down €22,412 (-77.6%), from €28,881 to €6,469
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.
Cash bridge derived
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 | €55,748 | €62,075 | +€6,327 | +11.3% |
| Fixed assets | 21/28 | €1,709 | - | -€1,709 | |
| Tangible fixed assets | 22/27 | €1,709 | - | -€1,709 | |
| Plant, machinery and equipment | 23 | €596 | - | -€596 | |
| Furniture and vehicles | 24 | €1,113 | - | -€1,113 | |
| Current assets | 29/58 | €54,039 | €62,075 | +€8,036 | +14.9% |
| Stocks and contracts in progress | 3 | €52,766 | €58,460 | +€5,694 | +10.8% |
| Stocks | 30/36 | €52,766 | €58,460 | +€5,694 | +10.8% |
| Cash at bank and in hand | 54/58 | €1,273 | €3,615 | +€2,342 | +183.9% |
| Total equity and liabilities | 10/49 | €55,748 | €62,075 | +€6,327 | +11.3% |
| Equity | 10/15 | €10,598 | €12,780 | +€2,182 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123 | €123 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €123 | €123 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €123 | €123 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €4,275 | €6,457 | +€2,182 | +51.0% |
| Amounts payable | 17/49 | €45,150 | €49,295 | +€4,145 | +9.2% |
| Amounts payable after more than one year | 17 | - | €16,000 | +€16,000 | |
| Other amounts payable | 178/9 | - | €16,000 | +€16,000 | |
| Amounts payable within one year | 42/48 | €45,150 | €33,295 | -€11,855 | -26.3% |
| Financial debts | 43 | €3,933 | - | -€3,933 | |
| Credit institutions | 430/8 | €3,933 | - | -€3,933 | |
| Trade debts | 44 | €21,799 | €128 | -€21,671 | -99.4% |
| Suppliers | 440/4 | €21,799 | €128 | -€21,671 | -99.4% |
| Taxes, remuneration and social security | 45 | €8,309 | €22,058 | +€13,749 | +165.5% |
| Taxes | 450/3 | €1,850 | €2,914 | +€1,064 | +57.5% |
| Remuneration and social security | 454/9 | €6,459 | €19,144 | +€12,685 | +196.4% |
| Other amounts payable | 47/48 | €11,109 | €11,109 | -€0 | 0.0% |
| Turnover | 70 | €150,965 | €220,979 | +€70,014 | +46.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €159,049 | €223,909 | +€64,860 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €1,708 | +€328 | +23.8% |
| Other operating charges | 640/8 | €808 | €1,202 | +€394 | +48.8% |
| Gross operating margin | 9900 | €28,881 | €6,469 | -€22,412 | -77.6% |
| Operating profit (loss) | 9901 | €26,693 | €3,559 | -€23,134 | -86.7% |
| Financial charges | 65/66B | €1,197 | €831 | -€366 | -30.6% |
| Recurring financial charges | 65 | €1,197 | €831 | -€366 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €25,496 | €2,728 | -€22,768 | -89.3% |
| Income taxes | 67/77 | - | €546 | +€546 | |
| Profit (loss) for the period | 9904 | €25,496 | €2,182 | -€23,314 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,496 | €2,182 | -€23,314 | -91.4% |
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 11 October 2026 via checked.be.