MeetDistrict: 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.
MeetDistrict
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-28.5%), from €4.3m to €3.0m
of which Trade receivables: -€987,275
- Tangible fixed assets -€731,400
down €731,400 (-20.4%), from €3.6m to €2.9m
of which Land and buildings: -€877,784
- Profit (loss) carried forward -€6.2m
down €6.2m (-23.8%), from -€25.9m to -€32.1m
- Debts after one year +€2.7m
up €2.7m (+24.6%), from €11.0m to €13.7m
- Trade debts +€1.5m
up €1.5m (+54.7%), from €2.7m to €4.1m
- Provisions +€385,824
new in 2025: €385,824
- Tax, wage and social debts -€143,608
down €143,608 (-61.2%), from €234,582 to €90,975
of which Remuneration and social security: -€135,783
- Gross operating margin -€2.0m
down €2.0m (-219.5%), from -€933,046 to -€3.0m
- Other operating charges +€416,015
up €416,015 (+158.7%), from €262,219 to €678,234
- Provisions +€388,614
new in 2025: €388,614
- Staff costs -€292,937
down €292,937 (-40.3%), from €727,744 to €434,807
- Financial charges +€122,735
up €122,735 (+18.7%), from €657,843 to €780,578
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 | €9,289,137 | €7,447,451 | -€1.8m | -19.8% |
| Fixed assets | 21/28 | €3,605,158 | €2,853,540 | -€751,617 | -20.8% |
| Intangible fixed assets | 21 | €20,217 | €0 | -€20,217 | -100.0% |
| Tangible fixed assets | 22/27 | €3,584,940 | €2,853,540 | -€731,400 | -20.4% |
| Land and buildings | 22 | €3,559,080 | €2,681,296 | -€877,784 | -24.7% |
| Furniture and vehicles | 24 | €25,860 | €10,987 | -€14,873 | -57.5% |
| Assets under construction and advance payments | 27 | - | €161,257 | +€161,257 | |
| Current assets | 29/58 | €5,683,979 | €4,593,911 | -€1.1m | -19.2% |
| Amounts receivable within one year | 40/41 | €4,255,355 | €3,044,219 | -€1.2m | -28.5% |
| Trade receivables | 40 | €3,991,346 | €3,004,071 | -€987,275 | -24.7% |
| Other amounts receivable | 41 | €264,008 | €40,148 | -€223,860 | -84.8% |
| Cash at bank and in hand | 54/58 | €519,908 | €609,767 | +€89,858 | +17.3% |
| Deferred charges and accrued income | 490/1 | €908,716 | €939,925 | +€31,209 | +3.4% |
| Total equity and liabilities | 10/49 | €9,289,137 | €7,447,451 | -€1.8m | -19.8% |
| Equity | 10/15 | -€5,683,513 | -€11,851,115 | -€6.2m | -108.5% |
| Contributions | 10/11 | €20,250,000 | €20,250,000 | = | 0.0% |
| Capital | 10 | €20,250,000 | €20,250,000 | = | 0.0% |
| Issued capital | 100 | €20,250,000 | €20,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,933,513 | -€32,101,115 | -€6.2m | -23.8% |
| Provisions and deferred taxes | 16 | - | €385,824 | +€385,824 | |
| Provisions for liabilities and charges | 160/5 | - | €385,824 | +€385,824 | |
| Other liabilities and charges | 164/5 | - | €385,824 | +€385,824 | |
| Amounts payable | 17/49 | €14,972,650 | €18,912,742 | +€3.9m | +26.3% |
| Amounts payable after more than one year | 17 | €10,980,503 | €13,676,573 | +€2.7m | +24.6% |
| Other amounts payable | 178/9 | €10,980,503 | €13,676,573 | +€2.7m | +24.6% |
| Amounts payable within one year | 42/48 | €3,756,294 | €4,980,036 | +€1.2m | +32.6% |
| Trade debts | 44 | €2,682,860 | €4,149,307 | +€1.5m | +54.7% |
| Suppliers | 440/4 | €2,682,860 | €4,149,307 | +€1.5m | +54.7% |
| Taxes, remuneration and social security | 45 | €234,582 | €90,975 | -€143,608 | -61.2% |
| Taxes | 450/3 | €28,172 | €20,347 | -€7,825 | -27.8% |
| Remuneration and social security | 454/9 | €206,410 | €70,627 | -€135,783 | -65.8% |
| Other amounts payable | 47/48 | €838,851 | €739,754 | -€99,097 | -11.8% |
| Accrued charges and deferred income | 492/3 | €235,854 | €256,133 | +€20,280 | +8.6% |
| Non-recurring operating income | 76A | €1,535,490 | €2,596 | -€1.5m | -99.8% |
| Remuneration, social security and pensions | 62 | €727,744 | €434,807 | -€292,937 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €949,673 | €912,875 | -€36,798 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,357 | -€6,302 | -€23,659 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €388,614 | +€388,614 | |
| Other operating charges | 640/8 | €262,219 | €678,234 | +€416,015 | +158.7% |
| Gross operating margin | 9900 | -€933,046 | -€2,980,643 | -€2.0m | -219.5% |
| Operating profit (loss) | 9901 | -€2,890,039 | -€5,388,871 | -€2.5m | -86.5% |
| Financial income | 75/76B | €894 | €2,232 | +€1,337 | +149.6% |
| Recurring financial income | 75 | €894 | €2,232 | +€1,337 | +149.6% |
| Financial charges | 65/66B | €657,843 | €780,578 | +€122,735 | +18.7% |
| Recurring financial charges | 65 | €657,843 | €780,578 | +€122,735 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,546,988 | -€6,167,218 | -€2.6m | -73.9% |
| Income taxes | 67/77 | €738 | €384 | -€353 | -47.9% |
| Profit (loss) for the period | 9904 | -€3,547,726 | -€6,167,602 | -€2.6m | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,547,726 | -€6,167,602 | -€2.6m | -73.8% |
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 10 October 2026 via checked.be.