MEET: 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.
MEET
Largest movements
- Tangible fixed assets -€8,767
down €8,767 (-3.6%), from €245,633 to €236,867
of which Land and buildings: -€8,267
- Debts after one year -€25,768
down €25,768 (-20.1%), from €128,062 to €102,294
of which Financial debts: -€25,768
- Reserves +€10,422
up €10,422 (+72.8%), from €14,313 to €24,735
of which Distributable reserves: +€10,422
- Other debts +€8,809
up €8,809 (+19.8%), from €44,594 to €53,403
- Gross operating margin +€7,083
up €7,083 (+35.7%), from €19,847 to €26,929
- Financial charges -€2,415
down €2,415 (-33.9%), from €7,125 to €4,710
- Other operating charges +€868
up €868 (+57.1%), from €1,521 to €2,389
- Taxes +€642
new in 2024: €642
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,633 | €236,967 | -€8,667 | -3.5% |
| Fixed assets | 21/28 | €245,633 | €236,867 | -€8,767 | -3.6% |
| Tangible fixed assets | 22/27 | €245,633 | €236,867 | -€8,767 | -3.6% |
| Land and buildings | 22 | €244,633 | €236,367 | -€8,267 | -3.4% |
| Plant, machinery and equipment | 23 | €1,000 | €500 | -€500 | -50.0% |
| Current assets | 29/58 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €245,633 | €236,967 | -€8,667 | -3.5% |
| Equity | 10/15 | €32,913 | €43,335 | +€10,422 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €14,313 | €24,735 | +€10,422 | +72.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,453 | €22,875 | +€10,422 | +83.7% |
| Amounts payable | 17/49 | €212,720 | €193,632 | -€19,088 | -9.0% |
| Amounts payable after more than one year | 17 | €128,062 | €102,294 | -€25,768 | -20.1% |
| Financial debts | 170/4 | €48,062 | €22,294 | -€25,768 | -53.6% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,658 | €91,338 | +€6,680 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €29,616 | €27,197 | -€2,419 | -8.2% |
| Financial debts | 43 | €9,962 | €9,950 | -€11 | -0.1% |
| Credit institutions | 430/8 | €9,962 | €9,950 | -€11 | -0.1% |
| Trade debts | 44 | €487 | €146 | -€341 | -70.1% |
| Suppliers | 440/4 | €487 | €146 | -€341 | -70.1% |
| Taxes, remuneration and social security | 45 | - | €642 | +€642 | |
| Taxes | 450/3 | - | €642 | +€642 | |
| Other amounts payable | 47/48 | €44,594 | €53,403 | +€8,809 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,767 | €8,767 | = | 0.0% |
| Other operating charges | 640/8 | €1,521 | €2,389 | +€868 | +57.1% |
| Gross operating margin | 9900 | €19,847 | €26,929 | +€7,083 | +35.7% |
| Operating profit (loss) | 9901 | €9,559 | €15,773 | +€6,214 | +65.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €7,125 | €4,710 | -€2,415 | -33.9% |
| Recurring financial charges | 65 | €7,125 | €4,710 | -€2,415 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €2,434 | €11,063 | +€8,630 | +354.6% |
| Income taxes | 67/77 | - | €642 | +€642 | |
| Profit (loss) for the period | 9904 | €2,434 | €10,422 | +€7,988 | +328.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,434 | €10,422 | +€7,988 | +328.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.