MEESTERS ENGINEERING: 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.
MEESTERS ENGINEERING
Largest movements
- Cash -€84,821
down €84,821 (-35.6%), from €238,044 to €153,222
mainly Tax, wage and social debts (-€51,732) and Current investments (-€31,500)
- Current investments +€31,500
up €31,500 (+36.2%), from €87,000 to €118,500
- Receivables within one year +€21,128
up €21,128 (+45.9%), from €45,991 to €67,120
of which Trade receivables: +€12,049
- Tangible fixed assets -€5,248
down €5,248 (-11.5%), from €45,645 to €40,397
of which Furniture and vehicles: -€2,901
- Tax, wage and social debts -€51,732
down €51,732 (-78.6%), from €65,793 to €14,060
of which Taxes: -€51,751
- Reserves +€24,893
up €24,893 (+7.7%), from €324,170 to €349,063
- Current portion of long-term debt -€7,078
no longer reported in 2025 (was €7,078)
- Trade debts -€5,061
down €5,061 (-71.5%), from €7,083 to €2,022
- Gross operating margin -€29,086
down €29,086 (-25.0%), from €116,311 to €87,226
- Financial income -€5,657
down €5,657 (-61.6%), from €9,181 to €3,524
- Taxes -€2,566
down €2,566 (-10.4%), from €24,735 to €22,169
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 | €423,244 | €384,272 | -€38,972 | -9.2% |
| Fixed assets | 21/28 | €45,645 | €40,397 | -€5,248 | -11.5% |
| Tangible fixed assets | 22/27 | €45,645 | €40,397 | -€5,248 | -11.5% |
| Plant, machinery and equipment | 23 | €1,649 | €1,275 | -€374 | -22.7% |
| Furniture and vehicles | 24 | €31,000 | €28,099 | -€2,901 | -9.4% |
| Other tangible fixed assets | 26 | €12,996 | €11,023 | -€1,973 | -15.2% |
| Current assets | 29/58 | €377,599 | €343,875 | -€33,724 | -8.9% |
| Amounts receivable within one year | 40/41 | €45,991 | €67,120 | +€21,128 | +45.9% |
| Trade receivables | 40 | €22,046 | €34,095 | +€12,049 | +54.7% |
| Other amounts receivable | 41 | €23,945 | €33,025 | +€9,080 | +37.9% |
| Current investments | 50/53 | €87,000 | €118,500 | +€31,500 | +36.2% |
| Cash at bank and in hand | 54/58 | €238,044 | €153,222 | -€84,821 | -35.6% |
| Deferred charges and accrued income | 490/1 | €6,564 | €5,033 | -€1,531 | -23.3% |
| Total equity and liabilities | 10/49 | €423,244 | €384,272 | -€38,972 | -9.2% |
| Equity | 10/15 | €342,770 | €367,663 | +€24,893 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,170 | €349,063 | +€24,893 | +7.7% |
| Distributable reserves | 133 | €324,170 | €349,063 | +€24,893 | +7.7% |
| Amounts payable | 17/49 | €80,474 | €16,609 | -€63,865 | -79.4% |
| Amounts payable within one year | 42/48 | €80,474 | €16,428 | -€64,046 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €7,078 | - | -€7,078 | |
| Trade debts | 44 | €7,083 | €2,022 | -€5,061 | -71.5% |
| Suppliers | 440/4 | €7,083 | €2,022 | -€5,061 | -71.5% |
| Taxes, remuneration and social security | 45 | €65,793 | €14,060 | -€51,732 | -78.6% |
| Taxes | 450/3 | €63,511 | €11,760 | -€51,751 | -81.5% |
| Remuneration and social security | 454/9 | €2,281 | €2,300 | +€19 | +0.8% |
| Other amounts payable | 47/48 | €521 | €346 | -€175 | -33.6% |
| Accrued charges and deferred income | 492/3 | - | €181 | +€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,648 | €10,260 | +€612 | +6.3% |
| Other operating charges | 640/8 | €875 | €1,562 | +€687 | +78.5% |
| Gross operating margin | 9900 | €116,311 | €87,226 | -€29,086 | -25.0% |
| Operating profit (loss) | 9901 | €105,789 | €75,404 | -€30,385 | -28.7% |
| Financial income | 75/76B | €9,181 | €3,524 | -€5,657 | -61.6% |
| Recurring financial income | 75 | €9,181 | €3,524 | -€5,657 | -61.6% |
| Financial charges | 65/66B | €1,908 | €1,223 | -€686 | -35.9% |
| Recurring financial charges | 65 | €1,908 | €1,223 | -€686 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €113,061 | €77,705 | -€35,356 | -31.3% |
| Income taxes | 67/77 | €24,735 | €22,169 | -€2,566 | -10.4% |
| Profit (loss) for the period | 9904 | €88,326 | €55,536 | -€32,790 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,326 | €55,536 | -€32,790 | -37.1% |
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.