MEESTERWERK: 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.
MEESTERWERK
Largest movements
- Stocks and contracts +€24,168
new in 2025: €24,168
- Tangible fixed assets +€23,715
up €23,715 (+1,236%), from €1,919 to €25,634
of which Furniture and vehicles: +€22,247
- Receivables within one year -€4,652
down €4,652 (-18.5%), from €25,143 to €20,491
of which Trade receivables: -€8,653
- Cash -€1,773
down €1,773 (-24.1%), from €7,365 to €5,592
mainly Investment in fixed assets (net) (-€27,268) and Stocks and contracts (-€24,168)
- Debts after one year +€15,071
new in 2025: €15,071
- Trade debts +€10,614
up €10,614 (+138%), from €7,675 to €18,288
- Other debts +€9,482
up €9,482 (+104%), from €9,079 to €18,561
- Current portion of long-term debt +€3,956
new in 2025: €3,956
- Tax, wage and social debts +€3,410
up €3,410 (+122%), from €2,800 to €6,210
of which Remuneration and social security: +€2,354
- Depreciation +€1,979
up €1,979 (+126%), from €1,573 to €3,553
- Taxes -€1,554
down €1,554 (-59.6%), from €2,610 to €1,055
- Staff costs +€1,120
new in 2025: €1,120
- Financial charges +€952
up €952 (+205%), from €463 to €1,415
- Gross operating margin -€569
down €569 (-5.5%), from €10,372 to €9,802
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 | €34,928 | €76,385 | +€41,457 | +119% |
| Fixed assets | 21/28 | €2,419 | €26,134 | +€23,715 | +980% |
| Tangible fixed assets | 22/27 | €1,919 | €25,634 | +€23,715 | +1,236% |
| Plant, machinery and equipment | 23 | €527 | €1,995 | +€1,468 | +278% |
| Furniture and vehicles | 24 | €1,392 | €23,639 | +€22,247 | +1,598% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €32,508 | €50,251 | +€17,742 | +54.6% |
| Stocks and contracts in progress | 3 | - | €24,168 | +€24,168 | |
| Stocks | 30/36 | - | €24,168 | +€24,168 | |
| Amounts receivable within one year | 40/41 | €25,143 | €20,491 | -€4,652 | -18.5% |
| Trade receivables | 40 | €21,653 | €13,000 | -€8,653 | -40.0% |
| Other amounts receivable | 41 | €3,491 | €7,491 | +€4,001 | +115% |
| Cash at bank and in hand | 54/58 | €7,365 | €5,592 | -€1,773 | -24.1% |
| Total equity and liabilities | 10/49 | €34,928 | €76,385 | +€41,457 | +119% |
| Equity | 10/15 | €12,974 | €14,299 | +€1,325 | +10.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €12,474 | €13,799 | +€1,325 | +10.6% |
| Distributable reserves | 133 | €12,474 | €13,799 | +€1,325 | +10.6% |
| Amounts payable | 17/49 | €21,954 | €62,086 | +€40,133 | +183% |
| Amounts payable after more than one year | 17 | - | €15,071 | +€15,071 | |
| Financial debts | 170/4 | - | €15,071 | +€15,071 | |
| Amounts payable within one year | 42/48 | €19,554 | €47,015 | +€27,461 | +140% |
| Current portion of amounts payable after more than one year | 42 | - | €3,956 | +€3,956 | |
| Trade debts | 44 | €7,675 | €18,288 | +€10,614 | +138% |
| Suppliers | 440/4 | €7,675 | €18,288 | +€10,614 | +138% |
| Taxes, remuneration and social security | 45 | €2,800 | €6,210 | +€3,410 | +122% |
| Taxes | 450/3 | €2,800 | €3,856 | +€1,055 | +37.7% |
| Remuneration and social security | 454/9 | - | €2,354 | +€2,354 | |
| Other amounts payable | 47/48 | €9,079 | €18,561 | +€9,482 | +104% |
| Accrued charges and deferred income | 492/3 | €2,400 | - | -€2,400 | |
| Remuneration, social security and pensions | 62 | - | €1,120 | +€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,573 | €3,553 | +€1,979 | +126% |
| Other operating charges | 640/8 | €1,310 | €1,346 | +€35 | +2.7% |
| Gross operating margin | 9900 | €10,372 | €9,802 | -€569 | -5.5% |
| Operating profit (loss) | 9901 | €7,488 | €3,784 | -€3,704 | -49.5% |
| Financial income | 75/76B | €39 | €12 | -€27 | -70.1% |
| Recurring financial income | 75 | €39 | €12 | -€27 | -70.1% |
| Financial charges | 65/66B | €463 | €1,415 | +€952 | +205% |
| Recurring financial charges | 65 | €463 | €1,415 | +€952 | +205% |
| Profit (loss) for the period before taxes | 9903 | €7,064 | €2,380 | -€4,684 | -66.3% |
| Income taxes | 67/77 | €2,610 | €1,055 | -€1,554 | -59.6% |
| Profit (loss) for the period | 9904 | €4,454 | €1,325 | -€3,129 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,454 | €1,325 | -€3,129 | -70.3% |
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 20 October 2026 via checked.be.