MEEUS HOUTCONSTRUCTIES: what changed
What changed
MEEUS HOUTCONSTRUCTIES
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€36,832
2024 · €32,130+€4,702
Equity
€278,760
2024 · €241,928+€36,832
Cash
€7,071
2024 · €76,713-€69,642
Balance sheet total
€1.5m
2024 · €1.5m-€44,653
Largest movements
Assets
- Cash -€69,642
down €69,642 (-90.8%), from €76,713 to €7,071
mainly Investment in fixed assets (net) (-€79,225) and Stocks and contracts (-€57,517)
- Stocks and contracts +€57,517
up €57,517 (+12.4%), from €464,457 to €521,974
- Receivables within one year -€17,101
down €17,101 (-32.8%), from €52,148 to €35,046
of which Trade receivables: -€9,248
Equity and liabilities
- Accrued charges and deferred income -€45,576
down €45,576 (-61.5%), from €74,076 to €28,500
- Reserves +€36,832
up €36,832 (+18.7%), from €196,928 to €233,760
- Debts after one year -€27,268
down €27,268 (-4.7%), from €579,868 to €552,600
- Tax, wage and social debts +€24,368
up €24,368 (+71.8%), from €33,959 to €58,327
of which Taxes: +€18,481
- Trade debts -€21,930
down €21,930 (-14.8%), from €148,530 to €126,600
Income statement
- Gross operating margin +€17,519
up €17,519 (+3.1%), from €567,727 to €585,245
- Depreciation +€8,975
up €8,975 (+10.7%), from €84,044 to €93,018
- Staff costs -€6,581
down €6,581 (-1.7%), from €397,646 to €391,065
- Financial charges +€6,264
up €6,264 (+17.8%), from €35,215 to €41,478
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,130
Gross operating margin
+€17,519
Staff costs
+€6,581
Depreciation
-€8,975
Other operating charges
-€4,055
Other operating items
+€91
Financial income
-€562
Financial charges
-€6,264
Taxes
+€367
Result 2025
€36,832
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€48,557
Investment
-€79,225
Financing
-€38,973
Cash 2024
€76,713
From operations (derived)
+€48,557
Net result for the year
+€36,832
Depreciation
+€93,018
Stocks and contracts
-€57,517
Receivables within one year
+€17,101
Deferred charges and accrued income
+€1,633
Trade debts
-€21,930
Tax, wage and social debts
+€24,368
Other debts
+€627
Accrued charges and deferred income
-€45,576
Investment (derived)
-€79,225
Investment in fixed assets (net)
-€79,225
Financing
-€38,973
Debts after one year
-€27,268
Current portion of long-term debt
+€4,762
Short-term financial debts
-€16,467
Cash 2025
€7,071
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,519,727 | €1,475,074 | -€44,653 | -2.9% |
| Fixed assets | 21/28 | €914,983 | €901,190 | -€13,793 | -1.5% |
| Tangible fixed assets | 22/27 | €914,818 | €901,025 | -€13,793 | -1.5% |
| Land and buildings | 22 | €521,608 | €500,032 | -€21,576 | -4.1% |
| Plant, machinery and equipment | 23 | €178,746 | €130,142 | -€48,604 | -27.2% |
| Furniture and vehicles | 24 | €10,021 | €61,776 | +€51,756 | +516% |
| Leasing and similar rights | 25 | €10,385 | €6,885 | -€3,500 | -33.7% |
| Other tangible fixed assets | 26 | - | €202,189 | +€202,189 | |
| Assets under construction and advance payments | 27 | €194,058 | - | -€194,058 | |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €604,744 | €573,884 | -€30,860 | -5.1% |
| Stocks and contracts in progress | 3 | €464,457 | €521,974 | +€57,517 | +12.4% |
| Stocks | 30/36 | €464,457 | €521,974 | +€57,517 | +12.4% |
| Amounts receivable within one year | 40/41 | €52,148 | €35,046 | -€17,101 | -32.8% |
| Trade receivables | 40 | €41,484 | €32,236 | -€9,248 | -22.3% |
| Other amounts receivable | 41 | €10,664 | €2,811 | -€7,853 | -73.6% |
| Cash at bank and in hand | 54/58 | €76,713 | €7,071 | -€69,642 | -90.8% |
| Deferred charges and accrued income | 490/1 | €11,425 | €9,792 | -€1,633 | -14.3% |
| Total equity and liabilities | 10/49 | €1,519,727 | €1,475,074 | -€44,653 | -2.9% |
| Equity | 10/15 | €241,928 | €278,760 | +€36,832 | +15.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €196,928 | €233,760 | +€36,832 | +18.7% |
| Distributable reserves | 133 | €196,928 | €233,760 | +€36,832 | +18.7% |
| Amounts payable | 17/49 | €1,277,799 | €1,196,314 | -€81,484 | -6.4% |
| Amounts payable after more than one year | 17 | €579,868 | €552,600 | -€27,268 | -4.7% |
| Financial debts | 170/4 | €579,868 | €552,600 | -€27,268 | -4.7% |
| Amounts payable within one year | 42/48 | €623,855 | €615,215 | -€8,640 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €75,954 | €80,716 | +€4,762 | +6.3% |
| Financial debts | 43 | €310,582 | €294,115 | -€16,467 | -5.3% |
| Credit institutions | 430/8 | €310,582 | €294,115 | -€16,467 | -5.3% |
| Trade debts | 44 | €148,530 | €126,600 | -€21,930 | -14.8% |
| Suppliers | 440/4 | €148,530 | €126,600 | -€21,930 | -14.8% |
| Taxes, remuneration and social security | 45 | €33,959 | €58,327 | +€24,368 | +71.8% |
| Taxes | 450/3 | €6,564 | €25,045 | +€18,481 | +282% |
| Remuneration and social security | 454/9 | €27,395 | €33,282 | +€5,887 | +21.5% |
| Other amounts payable | 47/48 | €54,829 | €55,457 | +€627 | +1.1% |
| Accrued charges and deferred income | 492/3 | €74,076 | €28,500 | -€45,576 | -61.5% |
| Non-recurring operating income | 76A | €41,355 | - | -€41,355 | |
| Remuneration, social security and pensions | 62 | €397,646 | €391,065 | -€6,581 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,044 | €93,018 | +€8,975 | +10.7% |
| Other operating charges | 640/8 | €9,486 | €13,540 | +€4,055 | +42.7% |
| Non-recurring operating charges | 66A | €91 | - | -€91 | |
| Gross operating margin | 9900 | €567,727 | €585,245 | +€17,519 | +3.1% |
| Operating profit (loss) | 9901 | €76,461 | €87,622 | +€11,161 | +14.6% |
| Financial income | 75/76B | €1,440 | €878 | -€562 | -39.0% |
| Recurring financial income | 75 | €1,440 | €878 | -€562 | -39.0% |
| Financial charges | 65/66B | €35,215 | €41,478 | +€6,264 | +17.8% |
| Recurring financial charges | 65 | €35,215 | €41,478 | +€6,264 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €42,686 | €47,021 | +€4,335 | +10.2% |
| Income taxes | 67/77 | €10,556 | €10,189 | -€367 | -3.5% |
| Profit (loss) for the period | 9904 | €32,130 | €36,832 | +€4,702 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,130 | €36,832 | +€4,702 | +14.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.