MEEUSEN - STOOPS: 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 - STOOPS
Largest movements
- Intangible fixed assets -€33,200
down €33,200 (-25.0%), from €132,800 to €99,600
- Receivables within one year -€16,403
down €16,403 (-64.0%), from €25,612 to €9,209
of which Trade receivables: -€25,612
- Cash -€13,362
down €13,362 (-97.5%), from €13,698 to €336
mainly Net result for the year (-€46,864) and Investment in fixed assets (net) (-€29,732)
- Current investments -€11,713
down €11,713 (-1.8%), from €650,000 to €638,287
- Profit (loss) carried forward -€35,617
down €35,617, from €0 to -€35,617
- Reserves -€28,475
down €28,475 (-3.1%), from €905,264 to €876,789
of which Distributable reserves: -€17,228
- Tax, wage and social debts -€15,550
down €15,550 (-100.0%), from €15,550 to €0
of which Remuneration and social security: -€8,979
- Gross operating margin -€222,882
down €222,882 (-96.5%), from €231,009 to €8,127
- Staff costs -€81,191
down €81,191, from €72,570 to -€8,621
- Taxes -€33,438
down €33,438 (-100.0%), from €33,438 to €0
- Financial income -€25,657
down €25,657 (-92.5%), from €27,725 to €2,069
- Financial charges -€6,633
down €6,633 (-92.8%), from €7,145 to €511
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 | €1,016,519 | €937,080 | -€79,440 | -7.8% |
| Fixed assets | 21/28 | €325,079 | €288,474 | -€36,605 | -11.3% |
| Intangible fixed assets | 21 | €132,800 | €99,600 | -€33,200 | -25.0% |
| Tangible fixed assets | 22/27 | €187,270 | €183,865 | -€3,405 | -1.8% |
| Land and buildings | 22 | €152,037 | €131,514 | -€20,523 | -13.5% |
| Plant, machinery and equipment | 23 | €19,090 | €13,816 | -€5,275 | -27.6% |
| Furniture and vehicles | 24 | €14,794 | €37,187 | +€22,393 | +151.4% |
| Other tangible fixed assets | 26 | €1,348 | €1,348 | = | 0.0% |
| Financial fixed assets | 28 | €5,010 | €5,010 | = | 0.0% |
| Current assets | 29/58 | €691,440 | €648,606 | -€42,835 | -6.2% |
| Amounts receivable within one year | 40/41 | €25,612 | €9,209 | -€16,403 | -64.0% |
| Trade receivables | 40 | €25,612 | €0 | -€25,612 | -100.0% |
| Other amounts receivable | 41 | €0 | €9,209 | +€9,209 | |
| Current investments | 50/53 | €650,000 | €638,287 | -€11,713 | -1.8% |
| Cash at bank and in hand | 54/58 | €13,698 | €336 | -€13,362 | -97.5% |
| Deferred charges and accrued income | 490/1 | €2,130 | €773 | -€1,357 | -63.7% |
| Total equity and liabilities | 10/49 | €1,016,519 | €937,080 | -€79,440 | -7.8% |
| Equity | 10/15 | €907,743 | €843,651 | -€64,092 | -7.1% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €905,264 | €876,789 | -€28,475 | -3.1% |
| Tax-exempt reserves | 132 | €44,989 | €33,742 | -€11,247 | -25.0% |
| Distributable reserves | 133 | €860,275 | €843,047 | -€17,228 | -2.0% |
| Profit (loss) carried forward | 14 | €0 | -€35,617 | -€35,617 | |
| Provisions and deferred taxes | 16 | €90,453 | €85,859 | -€4,594 | -5.1% |
| Provisions for liabilities and charges | 160/5 | €72,077 | €72,077 | = | 0.0% |
| Pensions and similar obligations | 160 | €72,077 | €72,077 | = | 0.0% |
| Deferred taxes | 168 | €18,376 | €13,782 | -€4,594 | -25.0% |
| Amounts payable | 17/49 | €18,323 | €7,570 | -€10,753 | -58.7% |
| Amounts payable within one year | 42/48 | €18,323 | €7,570 | -€10,753 | -58.7% |
| Trade debts | 44 | €347 | €7,570 | +€7,223 | +2081.7% |
| Suppliers | 440/4 | €347 | €7,570 | +€7,223 | +2081.7% |
| Taxes, remuneration and social security | 45 | €15,550 | €0 | -€15,550 | -100.0% |
| Taxes | 450/3 | €6,571 | €0 | -€6,571 | -100.0% |
| Remuneration and social security | 454/9 | €8,979 | €0 | -€8,979 | -100.0% |
| Other amounts payable | 47/48 | €2,426 | €0 | -€2,426 | -100.0% |
| Non-recurring operating income | 76A | €25,000 | €29,326 | +€4,326 | +17.3% |
| Remuneration, social security and pensions | 62 | €72,570 | -€8,621 | -€81,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,112 | €66,337 | -€774 | -1.2% |
| Other operating charges | 640/8 | €3,071 | €3,426 | +€356 | +11.6% |
| Gross operating margin | 9900 | €231,009 | €8,127 | -€222,882 | -96.5% |
| Operating profit (loss) | 9901 | €88,257 | -€53,015 | -€141,272 | |
| Financial income | 75/76B | €27,725 | €2,069 | -€25,657 | -92.5% |
| Recurring financial income | 75 | €27,725 | €2,069 | -€25,657 | -92.5% |
| Financial charges | 65/66B | €7,145 | €511 | -€6,633 | -92.8% |
| Recurring financial charges | 65 | €7,145 | €511 | -€6,633 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €108,838 | -€51,458 | -€160,296 | |
| Transfer from deferred taxes | 780 | €4,594 | €4,594 | = | 0.0% |
| Income taxes | 67/77 | €33,438 | €0 | -€33,438 | -100.0% |
| Profit (loss) for the period | 9904 | €79,994 | -€46,864 | -€126,858 | |
| Transfer from tax-exempt reserves | 789 | €11,247 | €11,247 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,241 | -€35,617 | -€126,858 |
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.