Meesterwerken: what changed
Two fiscal 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.
Meesterwerken
Largest movements
- Cash +€8,272
up €8,272 (+1661.1%), from €498 to €8,770
mainly Net result for the year (+€4,916) and Tax, wage and social debts (+€1,826)
- Receivables within one year +€2,280
up €2,280 (+112.3%), from €2,030 to €4,310
of which Other amounts receivable: +€2,505
- Deferred charges and accrued income -€1,096
down €1,096 (-20.0%), from €5,479 to €4,383
- Formation expenses -€314
down €314 (-100.0%), from €314 to €0
- Reserves +€4,916
up €4,916 (+2718.6%), from €181 to €5,097
- Tax, wage and social debts +€1,826
up €1,826 (+49.1%), from €3,718 to €5,543
of which Taxes: +€3,656
- Trade debts +€1,401
up €1,401 (+98.5%), from €1,422 to €2,823
- Debts after one year +€1,000
new in 2025: €1,000
- Gross operating margin +€5,618
up €5,618 (+174.9%), from €3,212 to €8,830
- Taxes +€1,713
up €1,713 (+521.5%), from €328 to €2,041
- Depreciation -€1,255
down €1,255 (-80.0%), from €1,568 to €314
- Other operating charges +€370
up €370 (+36.9%), from €1,002 to €1,372
- Financial charges +€262
up €262 (+198.4%), from €132 to €394
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 | €8,321 | €17,464 | +€9,143 | +109.9% |
| Formation expenses | 20 | €314 | €0 | -€314 | -100.0% |
| Current assets | 29/58 | €8,007 | €17,464 | +€9,456 | +118.1% |
| Amounts receivable within one year | 40/41 | €2,030 | €4,310 | +€2,280 | +112.3% |
| Trade receivables | 40 | €225 | €0 | -€225 | -100.0% |
| Other amounts receivable | 41 | €1,805 | €4,310 | +€2,505 | +138.7% |
| Cash at bank and in hand | 54/58 | €498 | €8,770 | +€8,272 | +1661.1% |
| Deferred charges and accrued income | 490/1 | €5,479 | €4,383 | -€1,096 | -20.0% |
| Total equity and liabilities | 10/49 | €8,321 | €17,464 | +€9,143 | +109.9% |
| Equity | 10/15 | €3,181 | €8,097 | +€4,916 | +154.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €181 | €5,097 | +€4,916 | +2718.6% |
| Distributable reserves | 133 | €181 | €5,097 | +€4,916 | +2718.6% |
| Amounts payable | 17/49 | €5,140 | €9,366 | +€4,226 | +82.2% |
| Amounts payable after more than one year | 17 | - | €1,000 | +€1,000 | |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €5,140 | €8,366 | +€3,226 | +62.8% |
| Trade debts | 44 | €1,422 | €2,823 | +€1,401 | +98.5% |
| Suppliers | 440/4 | €1,422 | €2,823 | +€1,401 | +98.5% |
| Taxes, remuneration and social security | 45 | €3,718 | €5,543 | +€1,826 | +49.1% |
| Taxes | 450/3 | €1,718 | €5,374 | +€3,656 | +212.8% |
| Remuneration and social security | 454/9 | €2,000 | €170 | -€1,830 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,568 | €314 | -€1,255 | -80.0% |
| Other operating charges | 640/8 | €1,002 | €1,372 | +€370 | +36.9% |
| Gross operating margin | 9900 | €3,212 | €8,830 | +€5,618 | +174.9% |
| Operating profit (loss) | 9901 | €641 | €7,144 | +€6,503 | +1014.0% |
| Financial income | 75/76B | - | €207 | +€207 | |
| Recurring financial income | 75 | - | €207 | +€207 | |
| Financial charges | 65/66B | €132 | €394 | +€262 | +198.4% |
| Recurring financial charges | 65 | €132 | €394 | +€262 | +198.4% |
| Profit (loss) for the period before taxes | 9903 | €509 | €6,957 | +€6,448 | +1266.2% |
| Income taxes | 67/77 | €328 | €2,041 | +€1,713 | +521.5% |
| Profit (loss) for the period | 9904 | €181 | €4,916 | +€4,736 | +2618.6% |
| Profit (loss) for the period to be appropriated | 9905 | €181 | €4,916 | +€4,736 | +2618.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.