Meesschaert & Partners: 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.
Meesschaert & Partners
Largest movements
- Receivables within one year -€48,166
down €48,166 (-32.3%), from €148,988 to €100,822
of which Other amounts receivable: -€95,274
- Tangible fixed assets -€25,641
down €25,641 (-7.7%), from €334,469 to €308,828
of which Land and buildings: -€24,716
- Current investments -€12,323
down €12,323 (-21.8%), from €56,581 to €44,258
- Other debts -€95,573
down €95,573 (-77.8%), from €122,835 to €27,262
- Reserves +€43,801
up €43,801 (+19.6%), from €223,909 to €267,710
- Debts after one year -€24,647
down €24,647 (-57.2%), from €43,060 to €18,412
- Current portion of long-term debt -€12,485
down €12,485 (-33.6%), from €37,133 to €24,647
- Trade debts -€9,824
down €9,824 (-42.0%), from €23,410 to €13,586
- Gross operating margin -€24,513
down €24,513 (-19.6%), from €125,380 to €100,867
- Taxes -€3,027
down €3,027 (-11.9%), from €25,391 to €22,364
- Financial charges -€2,061
down €2,061 (-17.9%), from €11,533 to €9,472
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 | €555,086 | €463,191 | -€91,894 | -16.6% |
| Fixed assets | 21/28 | €335,366 | €309,725 | -€25,641 | -7.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €334,469 | €308,828 | -€25,641 | -7.7% |
| Land and buildings | 22 | €324,606 | €299,890 | -€24,716 | -7.6% |
| Furniture and vehicles | 24 | €1,798 | €1,079 | -€719 | -40.0% |
| Other tangible fixed assets | 26 | €8,065 | €7,859 | -€205 | -2.5% |
| Financial fixed assets | 28 | €897 | €897 | = | 0.0% |
| Current assets | 29/58 | €219,719 | €153,466 | -€66,253 | -30.2% |
| Amounts receivable within one year | 40/41 | €148,988 | €100,822 | -€48,166 | -32.3% |
| Trade receivables | 40 | €53,350 | €100,457 | +€47,108 | +88.3% |
| Other amounts receivable | 41 | €95,638 | €365 | -€95,274 | -99.6% |
| Current investments | 50/53 | €56,581 | €44,258 | -€12,323 | -21.8% |
| Cash at bank and in hand | 54/58 | €3,869 | €2,989 | -€880 | -22.7% |
| Deferred charges and accrued income | 490/1 | €10,281 | €5,398 | -€4,884 | -47.5% |
| Total equity and liabilities | 10/49 | €555,086 | €463,191 | -€91,894 | -16.6% |
| Equity | 10/15 | €242,509 | €286,310 | +€43,801 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,909 | €267,710 | +€43,801 | +19.6% |
| Distributable reserves | 133 | €223,909 | €267,710 | +€43,801 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €312,576 | €176,881 | -€135,695 | -43.4% |
| Amounts payable after more than one year | 17 | €43,060 | €18,412 | -€24,647 | -57.2% |
| Financial debts | 170/4 | €43,060 | €18,412 | -€24,647 | -57.2% |
| Amounts payable within one year | 42/48 | €268,332 | €156,296 | -€112,036 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €37,133 | €24,647 | -€12,485 | -33.6% |
| Financial debts | 43 | €62,950 | €68,095 | +€5,145 | +8.2% |
| Credit institutions | 430/8 | €62,950 | €68,095 | +€5,145 | +8.2% |
| Trade debts | 44 | €23,410 | €13,586 | -€9,824 | -42.0% |
| Suppliers | 440/4 | €23,410 | €13,586 | -€9,824 | -42.0% |
| Taxes, remuneration and social security | 45 | €22,004 | €22,706 | +€701 | +3.2% |
| Taxes | 450/3 | €22,004 | €22,706 | +€701 | +3.2% |
| Other amounts payable | 47/48 | €122,835 | €27,262 | -€95,573 | -77.8% |
| Accrued charges and deferred income | 492/3 | €1,184 | €2,172 | +€988 | +83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,865 | €26,532 | -€333 | -1.2% |
| Other operating charges | 640/8 | €5,126 | €5,269 | +€143 | +2.8% |
| Gross operating margin | 9900 | €125,380 | €100,867 | -€24,513 | -19.6% |
| Operating profit (loss) | 9901 | €93,389 | €69,065 | -€24,324 | -26.0% |
| Financial income | 75/76B | €8,449 | €7,405 | -€1,045 | -12.4% |
| Recurring financial income | 75 | €8,449 | €7,405 | -€1,045 | -12.4% |
| Financial charges | 65/66B | €11,533 | €9,472 | -€2,061 | -17.9% |
| Recurring financial charges | 65 | €11,533 | €9,472 | -€2,061 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €90,305 | €66,998 | -€23,307 | -25.8% |
| Income taxes | 67/77 | €25,391 | €22,364 | -€3,027 | -11.9% |
| Profit (loss) for the period | 9904 | €64,914 | €44,634 | -€20,280 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,914 | €44,634 | -€20,280 | -31.2% |
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 29 October 2026 via checked.be.