Meeussen Group: 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.
Meeussen Group
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€43,511
down €43,511 (-38.9%), from €111,947 to €68,436
mainly Current investments (-€150,000) and Receivables within one year (-€32,865)
- Receivables within one year +€32,865
up €32,865 (+189.9%), from €17,303 to €50,168
of which Trade receivables: +€33,000
- Reserves +€126,105
up €126,105 (+126.1%), from €99,989 to €226,094
- Tax, wage and social debts +€11,363
up €11,363 (+40.1%), from €28,324 to €39,687
of which Taxes: +€9,085
- Trade debts +€3,096
up €3,096 (+133.2%), from €2,324 to €5,419
- Gross operating margin +€35,091
up €35,091 (+26.6%), from €132,088 to €167,180
- Taxes +€9,155
up €9,155 (+32.3%), from €28,324 to €37,479
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 | €133,637 | €274,550 | +€140,913 | +105.4% |
| Fixed assets | 21/28 | €4,386 | €5,946 | +€1,560 | +35.6% |
| Tangible fixed assets | 22/27 | €2,886 | €4,446 | +€1,560 | +54.0% |
| Furniture and vehicles | 24 | €2,886 | €4,446 | +€1,560 | +54.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €129,251 | €268,604 | +€139,354 | +107.8% |
| Amounts receivable within one year | 40/41 | €17,303 | €50,168 | +€32,865 | +189.9% |
| Trade receivables | 40 | €17,000 | €50,000 | +€33,000 | +194.1% |
| Other amounts receivable | 41 | €303 | €168 | -€135 | -44.5% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €111,947 | €68,436 | -€43,511 | -38.9% |
| Total equity and liabilities | 10/49 | €133,637 | €274,550 | +€140,913 | +105.4% |
| Equity | 10/15 | €102,989 | €229,094 | +€126,105 | +122.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €99,989 | €226,094 | +€126,105 | +126.1% |
| Distributable reserves | 133 | €99,989 | €226,094 | +€126,105 | +126.1% |
| Amounts payable | 17/49 | €30,648 | €45,456 | +€14,809 | +48.3% |
| Amounts payable within one year | 42/48 | €30,648 | €45,106 | +€14,459 | +47.2% |
| Trade debts | 44 | €2,324 | €5,419 | +€3,096 | +133.2% |
| Suppliers | 440/4 | €2,324 | €5,419 | +€3,096 | +133.2% |
| Taxes, remuneration and social security | 45 | €28,324 | €39,687 | +€11,363 | +40.1% |
| Taxes | 450/3 | €28,324 | €37,409 | +€9,085 | +32.1% |
| Remuneration and social security | 454/9 | - | €2,278 | +€2,278 | |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €860 | +€247 | +40.2% |
| Other operating charges | 640/8 | €545 | €424 | -€121 | -22.2% |
| Gross operating margin | 9900 | €132,088 | €167,180 | +€35,091 | +26.6% |
| Operating profit (loss) | 9901 | €130,930 | €165,895 | +€34,966 | +26.7% |
| Financial income | 75/76B | - | €232 | +€232 | |
| Recurring financial income | 75 | - | €232 | +€232 | |
| Financial charges | 65/66B | €2,617 | €2,544 | -€73 | -2.8% |
| Recurring financial charges | 65 | €2,617 | €2,544 | -€73 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €128,313 | €163,584 | +€35,271 | +27.5% |
| Income taxes | 67/77 | €28,324 | €37,479 | +€9,155 | +32.3% |
| Profit (loss) for the period | 9904 | €99,989 | €126,105 | +€26,116 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,989 | €126,105 | +€26,116 | +26.1% |
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 11 October 2026 via checked.be.