MEESTERS IN BEHEER: 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 IN BEHEER
Largest movements
- Cash -€70,255
down €70,255 (-80.4%), from €87,435 to €17,179
mainly Contributions, distributions and other (-€84,500) and Other debts (-€61,140)
- Receivables within one year -€63,993
down €63,993 (-31.1%), from €205,684 to €141,691
of which Other amounts receivable: -€57,526
- Tangible fixed assets -€11,993
down €11,993 (-3.5%), from €339,590 to €327,596
- Other debts -€61,140
down €61,140 (-41.3%), from €148,140 to €86,999
- Reserves -€51,228
down €51,228 (-30.5%), from €168,216 to €116,988
of which Distributable reserves: -€48,437
- Debts after one year -€29,737
down €29,737 (-17.0%), from €175,054 to €145,317
- Profit (loss) carried forward -€15,008
no longer reported in 2025 (was €15,008)
- Current portion of long-term debt +€14,941
new in 2025: €14,941
- Financial income -€3,323
down €3,323 (-35.6%), from €9,330 to €6,007
- Other operating charges -€3,242
down €3,242 (-96.4%), from €3,362 to €120
- Gross operating margin -€1,775
down €1,775 (-5.6%), from €31,965 to €30,190
- Taxes -€1,751
down €1,751 (-24.9%), from €7,023 to €5,272
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 | €632,708 | €486,467 | -€146,242 | -23.1% |
| Fixed assets | 21/28 | €339,590 | €327,596 | -€11,993 | -3.5% |
| Tangible fixed assets | 22/27 | €339,590 | €327,596 | -€11,993 | -3.5% |
| Land and buildings | 22 | €339,590 | €327,596 | -€11,993 | -3.5% |
| Current assets | 29/58 | €293,119 | €158,871 | -€134,248 | -45.8% |
| Amounts receivable within one year | 40/41 | €205,684 | €141,691 | -€63,993 | -31.1% |
| Trade receivables | 40 | €6,467 | - | -€6,467 | |
| Other amounts receivable | 41 | €199,217 | €141,691 | -€57,526 | -28.9% |
| Cash at bank and in hand | 54/58 | €87,435 | €17,179 | -€70,255 | -80.4% |
| Total equity and liabilities | 10/49 | €632,708 | €486,467 | -€146,242 | -23.1% |
| Equity | 10/15 | €263,790 | €197,553 | -€66,237 | -25.1% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €168,216 | €116,988 | -€51,228 | -30.5% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,580 | €74,788 | -€2,791 | -3.6% |
| Distributable reserves | 133 | €82,580 | €34,143 | -€48,437 | -58.7% |
| Profit (loss) carried forward | 14 | €15,008 | - | -€15,008 | |
| Provisions and deferred taxes | 16 | €39,947 | €38,510 | -€1,437 | -3.6% |
| Deferred taxes | 168 | €39,947 | €38,510 | -€1,437 | -3.6% |
| Amounts payable | 17/49 | €328,971 | €250,403 | -€78,568 | -23.9% |
| Amounts payable after more than one year | 17 | €175,054 | €145,317 | -€29,737 | -17.0% |
| Financial debts | 170/4 | €175,054 | €145,317 | -€29,737 | -17.0% |
| Amounts payable within one year | 42/48 | €153,917 | €105,086 | -€48,831 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,941 | +€14,941 | |
| Trade debts | 44 | €3,247 | €370 | -€2,877 | -88.6% |
| Suppliers | 440/4 | €3,247 | €370 | -€2,877 | -88.6% |
| Advances received on contracts in progress | 46 | €2,530 | €2,530 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €246 | +€246 | |
| Taxes | 450/3 | - | €246 | +€246 | |
| Other amounts payable | 47/48 | €148,140 | €86,999 | -€61,140 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,993 | €11,993 | = | 0.0% |
| Other operating charges | 640/8 | €3,362 | €120 | -€3,242 | -96.4% |
| Gross operating margin | 9900 | €31,965 | €30,190 | -€1,775 | -5.6% |
| Operating profit (loss) | 9901 | €16,609 | €18,077 | +€1,467 | +8.8% |
| Financial income | 75/76B | €9,330 | €6,007 | -€3,323 | -35.6% |
| Recurring financial income | 75 | €9,330 | €6,007 | -€3,323 | -35.6% |
| Financial charges | 65/66B | €2,102 | €1,986 | -€116 | -5.5% |
| Recurring financial charges | 65 | €2,102 | €1,986 | -€116 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €23,837 | €22,098 | -€1,739 | -7.3% |
| Transfer from deferred taxes | 780 | €1,437 | €1,437 | = | 0.0% |
| Income taxes | 67/77 | €7,023 | €5,272 | -€1,751 | -24.9% |
| Profit (loss) for the period | 9904 | €18,251 | €18,263 | +€12 | +0.1% |
| Transfer from tax-exempt reserves | 789 | €2,791 | €2,791 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,042 | €21,054 | +€12 | +0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.