MEEUSSEN: 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.
MEEUSSEN
Largest movements
- Tangible fixed assets -€19,084
down €19,084 (-16.9%), from €112,730 to €93,646
- Reserves +€150,688
up €150,688 (+33.5%), from €449,344 to €600,032
of which Distributable reserves: +€158,735
- Other debts -€142,502
down €142,502 (-32.3%), from €441,819 to €299,318
- Trade debts -€11,444
down €11,444 (-41.1%), from €27,849 to €16,405
- Gross operating margin +€7,913
up €7,913 (+2.6%), from €309,860 to €317,773
- Depreciation -€5,774
down €5,774 (-20.9%), from €27,676 to €21,903
- Staff costs +€5,497
up €5,497 (+11.0%), from €50,112 to €55,609
- Financial charges +€4,035
up €4,035 (+24.6%), from €16,434 to €20,469
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,050,304 | €1,045,751 | -€4,553 | -0.4% |
| Fixed assets | 21/28 | €112,730 | €93,646 | -€19,084 | -16.9% |
| Tangible fixed assets | 22/27 | €112,730 | €93,646 | -€19,084 | -16.9% |
| Land and buildings | 22 | €61,866 | €55,983 | -€5,883 | -9.5% |
| Plant, machinery and equipment | 23 | €46,460 | €37,663 | -€8,798 | -18.9% |
| Furniture and vehicles | 24 | €4,404 | €0 | -€4,404 | -100.0% |
| Current assets | 29/58 | €937,574 | €952,105 | +€14,532 | +1.5% |
| Amounts receivable within one year | 40/41 | €2,075 | €7,897 | +€5,822 | +280.6% |
| Other amounts receivable | 41 | €2,075 | €7,897 | +€5,822 | +280.6% |
| Current investments | 50/53 | €250,336 | €251,210 | +€875 | +0.3% |
| Cash at bank and in hand | 54/58 | €684,548 | €692,321 | +€7,773 | +1.1% |
| Deferred charges and accrued income | 490/1 | €615 | €677 | +€62 | +10.1% |
| Total equity and liabilities | 10/49 | €1,050,304 | €1,045,751 | -€4,553 | -0.4% |
| Equity | 10/15 | €530,344 | €681,032 | +€150,688 | +28.4% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €449,344 | €600,032 | +€150,688 | +33.5% |
| Non-distributable reserves | 130/1 | €8,100 | €0 | -€8,100 | -100.0% |
| Reserves not available under the articles | 1311 | €8,100 | €0 | -€8,100 | -100.0% |
| Tax-exempt reserves | 132 | - | €52 | +€52 | |
| Distributable reserves | 133 | €441,244 | €599,980 | +€158,735 | +36.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €519,960 | €364,719 | -€155,240 | -29.9% |
| Amounts payable within one year | 42/48 | €508,562 | €350,480 | -€158,082 | -31.1% |
| Trade debts | 44 | €27,849 | €16,405 | -€11,444 | -41.1% |
| Suppliers | 440/4 | €27,849 | €16,405 | -€11,444 | -41.1% |
| Taxes, remuneration and social security | 45 | €38,893 | €34,757 | -€4,136 | -10.6% |
| Taxes | 450/3 | €26,689 | €21,103 | -€5,586 | -20.9% |
| Remuneration and social security | 454/9 | €12,204 | €13,655 | +€1,450 | +11.9% |
| Other amounts payable | 47/48 | €441,819 | €299,318 | -€142,502 | -32.3% |
| Accrued charges and deferred income | 492/3 | €11,398 | €14,239 | +€2,841 | +24.9% |
| Remuneration, social security and pensions | 62 | €50,112 | €55,609 | +€5,497 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,676 | €21,903 | -€5,774 | -20.9% |
| Other operating charges | 640/8 | €3,687 | €4,877 | +€1,191 | +32.3% |
| Gross operating margin | 9900 | €309,860 | €317,773 | +€7,913 | +2.6% |
| Operating profit (loss) | 9901 | €228,385 | €235,384 | +€6,999 | +3.1% |
| Financial income | 75/76B | €3,017 | €1,221 | -€1,795 | -59.5% |
| Recurring financial income | 75 | €3,017 | €1,221 | -€1,795 | -59.5% |
| Financial charges | 65/66B | €16,434 | €20,469 | +€4,035 | +24.6% |
| Recurring financial charges | 65 | €16,434 | €20,469 | +€4,035 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €214,968 | €216,137 | +€1,169 | +0.5% |
| Income taxes | 67/77 | €63,790 | €65,449 | +€1,660 | +2.6% |
| Profit (loss) for the period | 9904 | €151,178 | €150,688 | -€491 | -0.3% |
| Transfer to tax-exempt reserves | 689 | - | €52 | +€52 | |
| Profit (loss) for the period to be appropriated | 9905 | €151,178 | €150,635 | -€543 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.