MEET TECHNICS: 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 TECHNICS
Largest movements
- Stocks and contracts -€111,951
down €111,951 (-76.7%), from €146,033 to €34,082
- Cash -€45,581
down €45,581 (-23.1%), from €197,701 to €152,121
mainly Trade debts (-€180,568) and Investment in fixed assets (net) (-€27,963)
- Receivables within one year +€26,847
up €26,847 (+33.4%), from €80,331 to €107,178
of which Trade receivables: +€24,022
- Tangible fixed assets -€19,572
down €19,572 (-16.0%), from €122,095 to €102,523
of which Leasing and similar rights: -€16,753
- Trade debts -€180,568
down €180,568 (-69.3%), from €260,535 to €79,967
- Tax, wage and social debts +€26,862
up €26,862 (+872.5%), from €3,079 to €29,941
- Debts after one year -€24,040
down €24,040 (-41.5%), from €57,923 to €33,883
- Accrued charges and deferred income +€22,964
up €22,964, from €0 to €22,964
- Current portion of long-term debt -€8,197
down €8,197 (-13.8%), from €59,251 to €51,054
- Gross operating margin -€34,455
down €34,455 (-29.4%), from €117,188 to €82,733
- Depreciation +€8,588
up €8,588 (+22.1%), from €38,947 to €47,535
- Taxes -€5,170
down €5,170 (-29.2%), from €17,725 to €12,555
- Financial charges -€1,560
down €1,560 (-19.1%), from €8,147 to €6,587
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 | €549,706 | €398,834 | -€150,872 | -27.4% |
| Fixed assets | 21/28 | €122,095 | €102,523 | -€19,572 | -16.0% |
| Tangible fixed assets | 22/27 | €122,095 | €102,523 | -€19,572 | -16.0% |
| Land and buildings | 22 | €21,153 | €16,534 | -€4,619 | -21.8% |
| Plant, machinery and equipment | 23 | €42,264 | €50,120 | +€7,856 | +18.6% |
| Furniture and vehicles | 24 | €27,146 | €21,090 | -€6,056 | -22.3% |
| Leasing and similar rights | 25 | €31,532 | €14,779 | -€16,753 | -53.1% |
| Current assets | 29/58 | €427,611 | €296,311 | -€131,300 | -30.7% |
| Stocks and contracts in progress | 3 | €146,033 | €34,082 | -€111,951 | -76.7% |
| Stocks | 30/36 | €146,033 | €34,082 | -€111,951 | -76.7% |
| Amounts receivable within one year | 40/41 | €80,331 | €107,178 | +€26,847 | +33.4% |
| Trade receivables | 40 | €63,057 | €87,079 | +€24,022 | +38.1% |
| Other amounts receivable | 41 | €17,275 | €20,100 | +€2,825 | +16.4% |
| Cash at bank and in hand | 54/58 | €197,701 | €152,121 | -€45,581 | -23.1% |
| Deferred charges and accrued income | 490/1 | €3,545 | €2,930 | -€616 | -17.4% |
| Total equity and liabilities | 10/49 | €549,706 | €398,834 | -€150,872 | -27.4% |
| Equity | 10/15 | €133,518 | €139,527 | +€6,009 | +4.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €128,518 | €134,527 | +€6,009 | +4.7% |
| Distributable reserves | 133 | €128,518 | €134,527 | +€6,009 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €416,188 | €259,307 | -€156,881 | -37.7% |
| Amounts payable after more than one year | 17 | €57,923 | €33,883 | -€24,040 | -41.5% |
| Financial debts | 170/4 | €57,923 | €33,883 | -€24,040 | -41.5% |
| Amounts payable within one year | 42/48 | €358,265 | €202,460 | -€155,805 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €59,251 | €51,054 | -€8,197 | -13.8% |
| Trade debts | 44 | €260,535 | €79,967 | -€180,568 | -69.3% |
| Suppliers | 440/4 | €260,535 | €79,967 | -€180,568 | -69.3% |
| Advances received on contracts in progress | 46 | €1,879 | €0 | -€1,879 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,079 | €29,941 | +€26,862 | +872.5% |
| Taxes | 450/3 | €3,079 | €29,941 | +€26,862 | +872.5% |
| Other amounts payable | 47/48 | €33,522 | €41,499 | +€7,977 | +23.8% |
| Accrued charges and deferred income | 492/3 | €0 | €22,964 | +€22,964 | |
| Non-recurring operating income | 76A | €15,201 | €851 | -€14,350 | -94.4% |
| Remuneration, social security and pensions | 62 | €97 | €243 | +€146 | +151.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,947 | €47,535 | +€8,588 | +22.1% |
| Other operating charges | 640/8 | €1,745 | €909 | -€836 | -47.9% |
| Non-recurring operating charges | 66A | €0 | €71 | +€71 | |
| Gross operating margin | 9900 | €117,188 | €82,733 | -€34,455 | -29.4% |
| Operating profit (loss) | 9901 | €76,400 | €33,975 | -€42,426 | -55.5% |
| Financial income | 75/76B | €319 | €177 | -€142 | -44.6% |
| Recurring financial income | 75 | €319 | €177 | -€142 | -44.6% |
| Financial charges | 65/66B | €8,147 | €6,587 | -€1,560 | -19.1% |
| Recurring financial charges | 65 | €8,147 | €6,587 | -€1,560 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €68,572 | €27,564 | -€41,008 | -59.8% |
| Income taxes | 67/77 | €17,725 | €12,555 | -€5,170 | -29.2% |
| Profit (loss) for the period | 9904 | €50,847 | €15,009 | -€35,838 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,847 | €15,009 | -€35,838 | -70.5% |
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 7 October 2026 via checked.be.