MEEUS-IT: 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-IT
Largest movements
- Receivables within one year +€41,725
up €41,725 (+97.8%), from €42,676 to €84,401
- Receivables after one year -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Deferred charges and accrued income -€1,436
no longer reported in 2025 (was €1,436)
- Tax, wage and social debts +€10,418
up €10,418 (+43.0%), from €24,210 to €34,628
of which Remuneration and social security: +€7,730
- Profit (loss) carried forward +€9,293
up €9,293 (+60.4%), from €15,380 to €24,673
- Other debts +€6,609
up €6,609 (+340.2%), from €1,943 to €8,552
- Trade debts +€3,972
up €3,972 (+132.5%), from €2,998 to €6,970
- Gross operating margin +€12,138
up €12,138 (+16.8%), from €72,384 to €84,522
- Staff costs +€2,800
up €2,800 (+4.7%), from €59,460 to €62,260
- Financial charges -€2,637
down €2,637 (-59.8%), from €4,409 to €1,772
- Taxes +€2,547
up €2,547 (+111.3%), from €2,288 to €4,835
- Depreciation +€1,117
up €1,117 (+24.1%), from €4,629 to €5,746
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 | €105,591 | €135,884 | +€30,292 | +28.7% |
| Fixed assets | 21/28 | €12,928 | €13,182 | +€254 | +2.0% |
| Tangible fixed assets | 22/27 | €12,028 | €12,282 | +€254 | +2.1% |
| Furniture and vehicles | 24 | €12,028 | €12,282 | +€254 | +2.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €92,663 | €122,701 | +€30,038 | +32.4% |
| Amounts receivable after more than one year | 29 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Other amounts receivable | 291 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Stocks and contracts in progress | 3 | €7,791 | €7,791 | = | 0.0% |
| Stocks | 30/36 | €7,791 | €7,791 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,676 | €84,401 | +€41,725 | +97.8% |
| Trade receivables | 40 | €42,676 | €84,401 | +€41,725 | +97.8% |
| Cash at bank and in hand | 54/58 | €5,760 | €5,510 | -€251 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,436 | - | -€1,436 | |
| Total equity and liabilities | 10/49 | €105,591 | €135,884 | +€30,292 | +28.7% |
| Equity | 10/15 | €76,440 | €85,733 | +€9,293 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,860 | €54,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,380 | €24,673 | +€9,293 | +60.4% |
| Amounts payable | 17/49 | €29,151 | €50,150 | +€20,999 | +72.0% |
| Amounts payable within one year | 42/48 | €29,151 | €50,150 | +€20,999 | +72.0% |
| Trade debts | 44 | €2,998 | €6,970 | +€3,972 | +132.5% |
| Suppliers | 440/4 | €2,998 | €6,970 | +€3,972 | +132.5% |
| Taxes, remuneration and social security | 45 | €24,210 | €34,628 | +€10,418 | +43.0% |
| Taxes | 450/3 | €15,879 | €18,568 | +€2,689 | +16.9% |
| Remuneration and social security | 454/9 | €8,331 | €16,061 | +€7,730 | +92.8% |
| Other amounts payable | 47/48 | €1,943 | €8,552 | +€6,609 | +340.2% |
| Remuneration, social security and pensions | 62 | €59,460 | €62,260 | +€2,800 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,629 | €5,746 | +€1,117 | +24.1% |
| Other operating charges | 640/8 | €1,288 | €1,579 | +€290 | +22.5% |
| Gross operating margin | 9900 | €72,384 | €84,522 | +€12,138 | +16.8% |
| Operating profit (loss) | 9901 | €7,006 | €14,938 | +€7,931 | +113.2% |
| Financial income | 75/76B | €963 | €963 | = | 0.0% |
| Recurring financial income | 75 | €963 | €963 | = | 0.0% |
| Financial charges | 65/66B | €4,409 | €1,772 | -€2,637 | -59.8% |
| Recurring financial charges | 65 | €4,409 | €1,772 | -€2,637 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €3,560 | €14,128 | +€10,568 | +296.9% |
| Income taxes | 67/77 | €2,288 | €4,835 | +€2,547 | +111.3% |
| Profit (loss) for the period | 9904 | €1,272 | €9,293 | +€8,021 | +630.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,272 | €9,293 | +€8,021 | +630.6% |
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 6 October 2026 via checked.be.