Meeus: 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.
Meeus
Largest movements
- Tangible fixed assets -€18,341
down €18,341 (-5.4%), from €337,894 to €319,553
of which Land and buildings: -€11,805
- Cash +€12,131
up €12,131 (+76.8%), from €15,803 to €27,934
mainly Depreciation (+€18,341) and Receivables within one year (+€3,215)
- Profit (loss) carried forward -€8,129
down €8,129 (-4.1%), from €200,208 to €192,079
- Gross operating margin -€9,780
down €9,780 (-41.0%), from €23,874 to €14,094
- Taxes -€285
no longer reported in 2025 (was €285)
- Other operating charges -€252
down €252 (-6.3%), from €3,981 to €3,729
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 | €357,628 | €347,847 | -€9,781 | -2.7% |
| Fixed assets | 21/28 | €337,894 | €319,553 | -€18,341 | -5.4% |
| Tangible fixed assets | 22/27 | €337,894 | €319,553 | -€18,341 | -5.4% |
| Land and buildings | 22 | €331,358 | €319,553 | -€11,805 | -3.6% |
| Furniture and vehicles | 24 | €6,536 | - | -€6,536 | |
| Current assets | 29/58 | €19,734 | €28,294 | +€8,560 | +43.4% |
| Amounts receivable within one year | 40/41 | €3,215 | - | -€3,215 | |
| Other amounts receivable | 41 | €3,215 | - | -€3,215 | |
| Cash at bank and in hand | 54/58 | €15,803 | €27,934 | +€12,131 | +76.8% |
| Deferred charges and accrued income | 490/1 | €716 | €360 | -€356 | -49.8% |
| Total equity and liabilities | 10/49 | €357,628 | €347,847 | -€9,781 | -2.7% |
| Equity | 10/15 | €352,346 | €344,217 | -€8,129 | -2.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €132,138 | €132,138 | = | 0.0% |
| Distributable reserves | 133 | €132,138 | €132,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,208 | €192,079 | -€8,129 | -4.1% |
| Amounts payable | 17/49 | €5,282 | €3,630 | -€1,652 | -31.3% |
| Amounts payable within one year | 42/48 | €5,282 | €2,480 | -€2,802 | -53.0% |
| Trade debts | 44 | €2,013 | €67 | -€1,946 | -96.7% |
| Suppliers | 440/4 | €2,013 | €67 | -€1,946 | -96.7% |
| Other amounts payable | 47/48 | €3,269 | €2,413 | -€856 | -26.2% |
| Accrued charges and deferred income | 492/3 | - | €1,150 | +€1,150 | |
| Non-recurring operating income | 76A | €5,094 | - | -€5,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,105 | €18,341 | +€236 | +1.3% |
| Other operating charges | 640/8 | €3,981 | €3,729 | -€252 | -6.3% |
| Gross operating margin | 9900 | €23,874 | €14,094 | -€9,780 | -41.0% |
| Operating profit (loss) | 9901 | €1,788 | -€7,976 | -€9,765 | |
| Financial charges | 65/66B | €303 | €153 | -€150 | -49.4% |
| Recurring financial charges | 65 | €303 | €153 | -€150 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €1,486 | -€8,129 | -€9,615 | |
| Income taxes | 67/77 | €285 | - | -€285 | |
| Profit (loss) for the period | 9904 | €1,201 | -€8,129 | -€9,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,201 | -€8,129 | -€9,330 |
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 4 October 2026 via checked.be.