MEET@WORK: 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.
MEET@WORK
Largest movements
- Tangible fixed assets +€25,692
up €25,692 (+4.5%), from €573,746 to €599,438
of which Plant, machinery and equipment: +€17,281
- Other debts +€57,500
up €57,500, from €0 to €57,500
- Debts after one year -€46,660
down €46,660 (-8.4%), from €552,250 to €505,590
- Current portion of long-term debt +€32,922
new in 2025: €32,922
- Profit (loss) carried forward -€21,380
down €21,380 (-78.7%), from -€27,162 to -€48,542
- Financial charges +€19,806
up €19,806 (+39,973%), from €50 to €19,856
- Gross operating margin +€10,471
up €10,471 (+74.8%), from €13,990 to €24,461
- Other operating charges +€2,522
up €2,522 (+61.4%), from €4,106 to €6,629
- Depreciation +€2,328
up €2,328 (+13.7%), from €17,029 to €19,358
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 | €575,194 | €609,795 | +€34,601 | +6.0% |
| Fixed assets | 21/28 | €573,746 | €599,438 | +€25,692 | +4.5% |
| Tangible fixed assets | 22/27 | €573,746 | €599,438 | +€25,692 | +4.5% |
| Land and buildings | 22 | €573,746 | €582,156 | +€8,411 | +1.5% |
| Plant, machinery and equipment | 23 | - | €17,281 | +€17,281 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,448 | €10,357 | +€8,909 | +615% |
| Amounts receivable within one year | 40/41 | €272 | €3,796 | +€3,523 | +1,294% |
| Trade receivables | 40 | €0 | €3,796 | +€3,796 | |
| Other amounts receivable | 41 | €272 | €0 | -€272 | -100% |
| Cash at bank and in hand | 54/58 | €496 | €5,752 | +€5,256 | +1,059% |
| Deferred charges and accrued income | 490/1 | €680 | €810 | +€130 | +19.1% |
| Total equity and liabilities | 10/49 | €575,194 | €609,795 | +€34,601 | +6.0% |
| Equity | 10/15 | €22,838 | €1,458 | -€21,380 | -93.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,162 | -€48,542 | -€21,380 | -78.7% |
| Amounts payable | 17/49 | €552,356 | €608,337 | +€55,981 | +10.1% |
| Amounts payable after more than one year | 17 | €552,250 | €505,590 | -€46,660 | -8.4% |
| Financial debts | 170/4 | €552,250 | €505,590 | -€46,660 | -8.4% |
| Amounts payable within one year | 42/48 | €106 | €102,747 | +€102,641 | +96,822% |
| Current portion of amounts payable after more than one year | 42 | - | €32,922 | +€32,922 | |
| Trade debts | 44 | €106 | €3,340 | +€3,234 | +3,051% |
| Suppliers | 440/4 | €106 | €3,340 | +€3,234 | +3,051% |
| Advances received on contracts in progress | 46 | €0 | €4,719 | +€4,719 | |
| Taxes, remuneration and social security | 45 | €0 | €4,266 | +€4,266 | |
| Taxes | 450/3 | €0 | €4,266 | +€4,266 | |
| Other amounts payable | 47/48 | €0 | €57,500 | +€57,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,029 | €19,358 | +€2,328 | +13.7% |
| Other operating charges | 640/8 | €4,106 | €6,629 | +€2,522 | +61.4% |
| Non-recurring operating charges | 66A | €1,098 | €0 | -€1,098 | -100% |
| Gross operating margin | 9900 | €13,990 | €24,461 | +€10,471 | +74.8% |
| Operating profit (loss) | 9901 | -€8,244 | -€1,525 | +€6,719 | +81.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €50 | €19,856 | +€19,806 | +39,973% |
| Recurring financial charges | 65 | €50 | €19,856 | +€19,806 | +39,973% |
| Profit (loss) for the period before taxes | 9903 | -€8,293 | -€21,380 | -€13,087 | -158% |
| Profit (loss) for the period | 9904 | -€8,293 | -€21,380 | -€13,087 | -158% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,293 | -€21,380 | -€13,087 | -158% |
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 25 October 2026 via checked.be.