MEEUSEN CYCLING: 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.
MEEUSEN CYCLING
Largest movements
- Receivables within one year +€14,130
up €14,130 (+11.4%), from €123,916 to €138,045
of which Other amounts receivable: +€14,407
- Cash -€11,245
down €11,245 (-5.6%), from €201,952 to €190,706
mainly Receivables within one year (-€14,130) and Net result for the year (-€5,373)
- Tangible fixed assets -€8,257
down €8,257 (-11.1%), from €74,315 to €66,058
- Profit (loss) carried forward -€5,373
down €5,373 (-13.8%), from -€38,998 to -€44,371
- Gross operating margin -€1,594
down €1,594 (-117%), from -€1,363 to -€2,957
- Other operating charges -€579
down €579 (-34.2%), from €1,694 to €1,116
- Depreciation -€203
down €203 (-2.4%), from €8,461 to €8,257
- Financial charges -€197
down €197 (-59.6%), from €331 to €134
- Financial income +€140
up €140 (+2.0%), from €6,950 to €7,090
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.
Derived cash bridge
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 | €400,183 | €394,810 | -€5,373 | -1.3% |
| Fixed assets | 21/28 | €74,315 | €66,058 | -€8,257 | -11.1% |
| Tangible fixed assets | 22/27 | €74,315 | €66,058 | -€8,257 | -11.1% |
| Land and buildings | 22 | €74,315 | €66,058 | -€8,257 | -11.1% |
| Current assets | 29/58 | €325,867 | €328,752 | +€2,884 | +0.9% |
| Amounts receivable within one year | 40/41 | €123,916 | €138,045 | +€14,130 | +11.4% |
| Trade receivables | 40 | €277 | - | -€277 | |
| Other amounts receivable | 41 | €123,639 | €138,045 | +€14,407 | +11.7% |
| Cash at bank and in hand | 54/58 | €201,952 | €190,706 | -€11,245 | -5.6% |
| Total equity and liabilities | 10/49 | €400,183 | €394,810 | -€5,373 | -1.3% |
| Equity | 10/15 | €399,902 | €394,529 | -€5,373 | -1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €426,500 | €426,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,860 | €4,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,860 | €4,860 | = | 0.0% |
| Distributable reserves | 133 | €421,640 | €421,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,998 | -€44,371 | -€5,373 | -13.8% |
| Amounts payable | 17/49 | €280 | €280 | = | 0.0% |
| Amounts payable within one year | 42/48 | €280 | €280 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €280 | €280 | = | 0.0% |
| Taxes | 450/3 | €280 | €280 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,461 | €8,257 | -€203 | -2.4% |
| Other operating charges | 640/8 | €1,694 | €1,116 | -€579 | -34.2% |
| Gross operating margin | 9900 | -€1,363 | -€2,957 | -€1,594 | -117% |
| Operating profit (loss) | 9901 | -€11,518 | -€12,330 | -€812 | -7.1% |
| Financial income | 75/76B | €6,950 | €7,090 | +€140 | +2.0% |
| Recurring financial income | 75 | €6,950 | €7,090 | +€140 | +2.0% |
| Financial charges | 65/66B | €331 | €134 | -€197 | -59.6% |
| Recurring financial charges | 65 | €331 | €134 | -€197 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,899 | -€5,373 | -€475 | -9.7% |
| Profit (loss) for the period | 9904 | -€4,899 | -€5,373 | -€475 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,899 | -€5,373 | -€475 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.