MEESE BOUW: 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.
MEESE BOUW
Largest movements
- Receivables within one year -€54,426
down €54,426 (-96.9%), from €56,145 to €1,719
of which Trade receivables: -€44,283
- Cash +€34,839
up €34,839 (+93.4%), from €37,292 to €72,131
mainly Receivables within one year (+€54,426) and Trade debts (+€12,941)
- Stocks and contracts +€34,515
up €34,515 (+1,332%), from €2,591 to €37,105
of which Contracts in progress: +€20,000
- Tangible fixed assets -€7,706
down €7,706 (-26.0%), from €29,653 to €21,947
of which Furniture and vehicles: -€5,800
- Deferred charges and accrued income +€2,142
up €2,142 (+62.2%), from €3,442 to €5,584
- Trade debts +€12,941
up €12,941 (+31.8%), from €40,702 to €53,643
- Debts after one year -€8,641
no longer reported in 2025 (was €8,641)
- Profit (loss) carried forward +€5,647
up €5,647 (+578%), from €977 to €6,624
- Tax, wage and social debts -€2,337
down €2,337 (-51.6%), from €4,530 to €2,193
of which Taxes: -€4,022
- Other debts +€1,632
up €1,632 (+9.6%), from €17,008 to €18,641
- Taxes -€1,071
down €1,071 (-21.4%), from €5,005 to €3,934
- Financial charges -€952
down €952 (-29.1%), from €3,270 to €2,318
- Staff costs -€850
down €850 (-1.6%), from €53,252 to €52,401
- Gross operating margin -€747
down €747 (-1.0%), from €72,934 to €72,187
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 | €129,123 | €138,486 | +€9,364 | +7.3% |
| Fixed assets | 21/28 | €29,653 | €21,947 | -€7,706 | -26.0% |
| Tangible fixed assets | 22/27 | €29,653 | €21,947 | -€7,706 | -26.0% |
| Plant, machinery and equipment | 23 | €6,453 | €4,547 | -€1,906 | -29.5% |
| Furniture and vehicles | 24 | €23,200 | €17,400 | -€5,800 | -25.0% |
| Current assets | 29/58 | €99,470 | €116,540 | +€17,070 | +17.2% |
| Stocks and contracts in progress | 3 | €2,591 | €37,105 | +€34,515 | +1,332% |
| Stocks | 30/36 | €2,591 | €17,105 | +€14,515 | +560% |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €56,145 | €1,719 | -€54,426 | -96.9% |
| Trade receivables | 40 | €44,901 | €618 | -€44,283 | -98.6% |
| Other amounts receivable | 41 | €11,244 | €1,102 | -€10,142 | -90.2% |
| Cash at bank and in hand | 54/58 | €37,292 | €72,131 | +€34,839 | +93.4% |
| Deferred charges and accrued income | 490/1 | €3,442 | €5,584 | +€2,142 | +62.2% |
| Total equity and liabilities | 10/49 | €129,123 | €138,486 | +€9,364 | +7.3% |
| Equity | 10/15 | €49,722 | €55,369 | +€5,647 | +11.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,195 | €30,195 | = | 0.0% |
| Distributable reserves | 133 | €30,195 | €30,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | €977 | €6,624 | +€5,647 | +578% |
| Amounts payable | 17/49 | €79,401 | €83,117 | +€3,717 | +4.7% |
| Amounts payable after more than one year | 17 | €8,641 | - | -€8,641 | |
| Financial debts | 170/4 | €8,641 | - | -€8,641 | |
| Amounts payable within one year | 42/48 | €70,760 | €83,117 | +€12,357 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €8,520 | €8,641 | +€121 | +1.4% |
| Trade debts | 44 | €40,702 | €53,643 | +€12,941 | +31.8% |
| Suppliers | 440/4 | €40,702 | €53,643 | +€12,941 | +31.8% |
| Taxes, remuneration and social security | 45 | €4,530 | €2,193 | -€2,337 | -51.6% |
| Taxes | 450/3 | €4,530 | €508 | -€4,022 | -88.8% |
| Remuneration and social security | 454/9 | - | €1,685 | +€1,685 | |
| Other amounts payable | 47/48 | €17,008 | €18,641 | +€1,632 | +9.6% |
| Remuneration, social security and pensions | 62 | €53,252 | €52,401 | -€850 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,587 | €8,629 | +€42 | +0.5% |
| Other operating charges | 640/8 | €1,234 | €1,263 | +€29 | +2.3% |
| Gross operating margin | 9900 | €72,934 | €72,187 | -€747 | -1.0% |
| Operating profit (loss) | 9901 | €9,861 | €9,894 | +€33 | +0.3% |
| Financial income | 75/76B | €1,547 | €2,005 | +€458 | +29.6% |
| Recurring financial income | 75 | €1,547 | €2,005 | +€458 | +29.6% |
| Financial charges | 65/66B | €3,270 | €2,318 | -€952 | -29.1% |
| Recurring financial charges | 65 | €3,270 | €2,318 | -€952 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €8,139 | €9,581 | +€1,442 | +17.7% |
| Income taxes | 67/77 | €5,005 | €3,934 | -€1,071 | -21.4% |
| Profit (loss) for the period | 9904 | €3,134 | €5,647 | +€2,513 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,134 | €5,647 | +€2,513 | +80.2% |
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 28 October 2026 via checked.be.