MEETEX MODE: 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.
What changed
MEETEX MODE
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€556,228
2023 · €473,381+€82,847
Equity
€350,402
2023 · €344,174+€6,228
Cash
€655,010
2023 · €527,835+€127,175
Balance sheet total
€1.4m
2023 · €1.5m-€16,183
Largest movements
Assets
- Cash +€127,175
up €127,175 (+24.1%), from €527,835 to €655,010
mainly Net result for the year (+€556,228) and Depreciation (+€115,786)
- Tangible fixed assets -€114,331
down €114,331 (-21.3%), from €535,789 to €421,458
of which Plant, machinery and equipment: -€113,872
- Receivables within one year -€24,870
down €24,870 (-27.0%), from €92,210 to €67,340
of which Trade receivables: -€34,279
Equity and liabilities
- Trade debts -€59,696
down €59,696 (-25.1%), from €237,814 to €178,119
- Other debts +€35,815
up €35,815 (+7.0%), from €514,185 to €550,000
Income statement
- Turnover +€139,127
up €139,127 (+3.4%), from €4.1m to €4.2m
- Gross operating margin +€84,801
up €84,801 (+6.9%), from €1.2m to €1.3m
- Purchases and services +€69,557
up €69,557 (+2.4%), from €2.9m to €2.9m
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.
Result 2023
€473,381
Gross operating margin
+€84,801
Staff costs
-€32,259
Depreciation
+€36,464
Write-downs
+€1,426
Provisions
+€1,125
Other operating charges
-€784
Financial income
+€5,852
Financial charges
+€12,511
Taxes
-€26,290
Result 2024
€556,228
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.
From operations
+€678,630
Investment
-€1,455
Financing
-€550,000
Cash 2023
€527,835
From operations (derived)
+€678,630
Net result for the year
+€556,228
Depreciation
+€115,786
Stocks and contracts
+€4,416
Receivables within one year
+€24,870
Smaller working-capital items
-€557
Trade debts
-€59,696
Tax, wage and social debts
+€5,318
Advances received
+€9,247
Other debts
+€35,815
Accrued charges and deferred income
-€12,797
Investment (derived)
-€1,455
Investment in fixed assets (net)
-€1,455
Financing
-€550,000
Contributions, distributions and other
-€550,000
Cash 2024
€655,010
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,459,212 | €1,443,030 | -€16,183 | -1.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €535,875 | €421,545 | -€114,331 | -21.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €535,789 | €421,458 | -€114,331 | -21.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €535,330 | €421,458 | -€113,872 | -21.3% |
| Furniture and vehicles | 24 | €459 | - | -€459 | |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €923,337 | €1,021,485 | +€98,148 | +10.6% |
| Stocks and contracts in progress | 3 | €298,321 | €293,905 | -€4,416 | -1.5% |
| Stocks | 30/36 | €298,321 | €293,905 | -€4,416 | -1.5% |
| Amounts receivable within one year | 40/41 | €92,210 | €67,340 | -€24,870 | -27.0% |
| Trade receivables | 40 | €92,112 | €57,833 | -€34,279 | -37.2% |
| Other amounts receivable | 41 | €98 | €9,507 | +€9,409 | +9600.7% |
| Cash at bank and in hand | 54/58 | €527,835 | €655,010 | +€127,175 | +24.1% |
| Deferred charges and accrued income | 490/1 | €4,970 | €5,230 | +€260 | +5.2% |
| Total equity and liabilities | 10/49 | €1,459,212 | €1,443,030 | -€16,183 | -1.1% |
| Equity | 10/15 | €344,174 | €350,402 | +€6,228 | +1.8% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €88,311 | €88,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €63,511 | €63,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,862 | €14,090 | +€6,228 | +79.2% |
| Provisions and deferred taxes | 16 | €63,000 | €62,702 | -€297 | -0.5% |
| Provisions for liabilities and charges | 160/5 | €63,000 | €62,702 | -€297 | -0.5% |
| Environmental obligations | 163 | €63,000 | €62,702 | -€297 | -0.5% |
| Amounts payable | 17/49 | €1,052,039 | €1,029,926 | -€22,113 | -2.1% |
| Amounts payable within one year | 42/48 | €1,039,211 | €1,029,895 | -€9,316 | -0.9% |
| Trade debts | 44 | €237,814 | €178,119 | -€59,696 | -25.1% |
| Suppliers | 440/4 | €237,814 | €178,119 | -€59,696 | -25.1% |
| Advances received on contracts in progress | 46 | €91,817 | €101,064 | +€9,247 | +10.1% |
| Taxes, remuneration and social security | 45 | €195,396 | €200,713 | +€5,318 | +2.7% |
| Taxes | 450/3 | €133,374 | €137,302 | +€3,928 | +2.9% |
| Remuneration and social security | 454/9 | €62,021 | €63,411 | +€1,390 | +2.2% |
| Other amounts payable | 47/48 | €514,185 | €550,000 | +€35,815 | +7.0% |
| Accrued charges and deferred income | 492/3 | €12,828 | €31 | -€12,797 | -99.8% |
| Turnover | 70 | €4,087,304 | €4,226,431 | +€139,127 | +3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,877,691 | €2,947,247 | +€69,557 | +2.4% |
| Remuneration, social security and pensions | 62 | €444,081 | €476,341 | +€32,259 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,250 | €115,786 | -€36,464 | -24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,370 | -€2,796 | -€1,426 | -104.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €828 | -€297 | -€1,125 | |
| Other operating charges | 640/8 | €19,830 | €20,614 | +€784 | +4.0% |
| Gross operating margin | 9900 | €1,224,762 | €1,309,563 | +€84,801 | +6.9% |
| Operating profit (loss) | 9901 | €609,143 | €699,916 | +€90,773 | +14.9% |
| Financial income | 75/76B | €41,859 | €47,710 | +€5,852 | +14.0% |
| Recurring financial income | 75 | €41,859 | €47,710 | +€5,852 | +14.0% |
| Financial charges | 65/66B | €18,123 | €5,611 | -€12,511 | -69.0% |
| Recurring financial charges | 65 | €18,123 | €5,611 | -€12,511 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €632,879 | €742,015 | +€109,136 | +17.2% |
| Income taxes | 67/77 | €159,497 | €185,787 | +€26,290 | +16.5% |
| Profit (loss) for the period | 9904 | €473,381 | €556,228 | +€82,847 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €473,381 | €556,228 | +€82,847 | +17.5% |
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 1 October 2026 via checked.be.