Meeus Peter: 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.
Meeus Peter
Largest movements
- Tangible fixed assets +€7,818
new in 2025: €7,818
- Deferred charges and accrued income -€2,542
no longer reported in 2025 (was €2,542)
- Receivables within one year -€1,440
down €1,440 (-16.4%), from €8,776 to €7,335
of which Other amounts receivable: -€971
- Cash -€1,163
down €1,163 (-24.9%), from €4,665 to €3,503
mainly Net result for the year (-€14,907) and Investment in fixed assets (net) (-€8,427)
- Profit (loss) carried forward -€14,907
new in 2025: -€14,907
- Other debts +€10,979
up €10,979 (+86.4%), from €12,702 to €23,681
- Current portion of long-term debt +€4,236
new in 2025: €4,236
- Trade debts +€2,284
up €2,284 (+104.5%), from €2,185 to €4,469
- Debts after one year +€1,443
new in 2025: €1,443
- Gross operating margin -€19,152
down €19,152, from €7,906 to -€11,246
- Taxes -€1,576
no longer reported in 2025 (was €1,576)
- Other operating charges -€1,463
down €1,463 (-67.6%), from €2,165 to €702
- Depreciation +€610
new in 2025: €610
- Financial charges +€292
up €292 (+14.1%), from €2,070 to €2,361
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 | €21,983 | €24,656 | +€2,673 | +12.2% |
| Fixed assets | 21/28 | - | €7,818 | +€7,818 | |
| Tangible fixed assets | 22/27 | - | €7,818 | +€7,818 | |
| Plant, machinery and equipment | 23 | - | €7,818 | +€7,818 | |
| Current assets | 29/58 | €21,983 | €16,838 | -€5,145 | -23.4% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,776 | €7,335 | -€1,440 | -16.4% |
| Trade receivables | 40 | €6,419 | €5,949 | -€469 | -7.3% |
| Other amounts receivable | 41 | €2,357 | €1,386 | -€971 | -41.2% |
| Cash at bank and in hand | 54/58 | €4,665 | €3,503 | -€1,163 | -24.9% |
| Deferred charges and accrued income | 490/1 | €2,542 | - | -€2,542 | |
| Total equity and liabilities | 10/49 | €21,983 | €24,656 | +€2,673 | +12.2% |
| Equity | 10/15 | €4,096 | -€10,811 | -€14,907 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,096 | €2,096 | = | 0.0% |
| Distributable reserves | 133 | €2,096 | €2,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,907 | -€14,907 | |
| Amounts payable | 17/49 | €17,887 | €35,467 | +€17,580 | +98.3% |
| Amounts payable after more than one year | 17 | - | €1,443 | +€1,443 | |
| Financial debts | 170/4 | - | €1,443 | +€1,443 | |
| Amounts payable within one year | 42/48 | €17,887 | €34,024 | +€16,137 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,236 | +€4,236 | |
| Trade debts | 44 | €2,185 | €4,469 | +€2,284 | +104.5% |
| Suppliers | 440/4 | €2,185 | €4,469 | +€2,284 | +104.5% |
| Taxes, remuneration and social security | 45 | €3,000 | €1,638 | -€1,362 | -45.4% |
| Remuneration and social security | 454/9 | €3,000 | €1,638 | -€1,362 | -45.4% |
| Other amounts payable | 47/48 | €12,702 | €23,681 | +€10,979 | +86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €610 | +€610 | |
| Other operating charges | 640/8 | €2,165 | €702 | -€1,463 | -67.6% |
| Gross operating margin | 9900 | €7,906 | -€11,246 | -€19,152 | |
| Operating profit (loss) | 9901 | €5,742 | -€12,557 | -€18,299 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +20366.7% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +20366.7% |
| Financial charges | 65/66B | €2,070 | €2,361 | +€292 | +14.1% |
| Recurring financial charges | 65 | €2,070 | €2,361 | +€292 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €3,672 | -€14,907 | -€18,579 | |
| Income taxes | 67/77 | €1,576 | - | -€1,576 | |
| Profit (loss) for the period | 9904 | €2,096 | -€14,907 | -€17,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,096 | -€14,907 | -€17,002 |
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.