Meeus Renaat: 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 Renaat
Largest movements
- Receivables within one year +€44,790
up €44,790 (+52.5%), from €85,283 to €130,073
of which Other amounts receivable: +€51,117
- Tangible fixed assets -€8,233
down €8,233 (-18.4%), from €44,722 to €36,489
of which Leasing and similar rights: -€8,627
- Trade debts +€37,666
up €37,666 (+551%), from €6,841 to €44,507
- Advances received -€35,944
no longer reported in 2024 (was €35,944)
- Reserves +€22,868
up €22,868 (+47.4%), from €48,225 to €71,093
of which Distributable reserves: +€22,868
- Tax, wage and social debts +€11,316
up €11,316 (+252%), from €4,493 to €15,809
of which Taxes: +€14,848
- Profit (loss) carried forward +€8,984
no longer reported in 2024 (was -€8,984)
- Gross operating margin +€53,521
up €53,521 (+1,616%), from €3,313 to €56,833
- Taxes +€15,096
up €15,096 (+4,233%), from €357 to €15,452
- Financial income +€2,142
up €2,142 (+52.2%), from €4,106 to €6,248
- Other operating charges +€585
up €585 (+79.8%), from €734 to €1,319
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,419 | €173,213 | +€36,794 | +27.0% |
| Fixed assets | 21/28 | €45,222 | €36,989 | -€8,233 | -18.2% |
| Tangible fixed assets | 22/27 | €44,722 | €36,489 | -€8,233 | -18.4% |
| Furniture and vehicles | 24 | €5,631 | €7,212 | +€1,582 | +28.1% |
| Leasing and similar rights | 25 | €34,367 | €25,740 | -€8,627 | -25.1% |
| Other tangible fixed assets | 26 | €4,724 | €3,536 | -€1,187 | -25.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €91,197 | €136,224 | +€45,027 | +49.4% |
| Amounts receivable within one year | 40/41 | €85,283 | €130,073 | +€44,790 | +52.5% |
| Trade receivables | 40 | €6,327 | - | -€6,327 | |
| Other amounts receivable | 41 | €78,956 | €130,073 | +€51,117 | +64.7% |
| Cash at bank and in hand | 54/58 | €5,673 | €5,920 | +€248 | +4.4% |
| Deferred charges and accrued income | 490/1 | €242 | €231 | -€11 | -4.4% |
| Total equity and liabilities | 10/49 | €136,419 | €173,213 | +€36,794 | +27.0% |
| Equity | 10/15 | €48,441 | €80,293 | +€31,852 | +65.8% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €48,225 | €71,093 | +€22,868 | +47.4% |
| 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 | €46,365 | €69,233 | +€22,868 | +49.3% |
| Profit (loss) carried forward | 14 | -€8,984 | - | +€8,984 | |
| Amounts payable | 17/49 | €87,977 | €92,920 | +€4,942 | +5.6% |
| Amounts payable after more than one year | 17 | €32,604 | €24,487 | -€8,117 | -24.9% |
| Financial debts | 170/4 | €24,604 | €16,487 | -€8,117 | -33.0% |
| Other amounts payable | 178/9 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,372 | €68,433 | +€13,061 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €7,802 | €8,117 | +€316 | +4.0% |
| Financial debts | 43 | €293 | - | -€293 | |
| Credit institutions | 430/8 | €293 | - | -€293 | |
| Trade debts | 44 | €6,841 | €44,507 | +€37,666 | +551% |
| Suppliers | 440/4 | €6,841 | €44,507 | +€37,666 | +551% |
| Advances received on contracts in progress | 46 | €35,944 | - | -€35,944 | |
| Taxes, remuneration and social security | 45 | €4,493 | €15,809 | +€11,316 | +252% |
| Taxes | 450/3 | €961 | €15,809 | +€14,848 | +1,545% |
| Remuneration and social security | 454/9 | €3,532 | - | -€3,532 | |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,424 | €11,928 | -€496 | -4.0% |
| Other operating charges | 640/8 | €734 | €1,319 | +€585 | +79.8% |
| Gross operating margin | 9900 | €3,313 | €56,833 | +€53,521 | +1,616% |
| Operating profit (loss) | 9901 | -€9,845 | €43,586 | +€53,431 | |
| Financial income | 75/76B | €4,106 | €6,248 | +€2,142 | +52.2% |
| Recurring financial income | 75 | €4,106 | €6,248 | +€2,142 | +52.2% |
| Financial charges | 65/66B | €2,888 | €2,530 | -€358 | -12.4% |
| Recurring financial charges | 65 | €2,888 | €2,530 | -€358 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,627 | €47,304 | +€55,932 | |
| Income taxes | 67/77 | €357 | €15,452 | +€15,096 | +4,233% |
| Profit (loss) for the period | 9904 | -€8,984 | €31,852 | +€40,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,984 | €31,852 | +€40,836 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.