MEEUWESE: 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.
MEEUWESE
Largest movements
- Cash +€36,448
up €36,448 (+2,705%), from €1,347 to €37,796
mainly Accrued charges and deferred income (+€32,729) and Stocks and contracts (+€27,561)
- Stocks and contracts -€27,561
no longer reported in 2025 (was €27,561)
- Receivables within one year +€21,843
up €21,843 (+67.0%), from €32,586 to €54,429
of which Other amounts receivable: +€19,423
- Tangible fixed assets -€13,674
down €13,674 (-13.6%), from €100,780 to €87,105
of which Land and buildings: -€12,000
- Receivables after one year -€5,327
no longer reported in 2025 (was €5,327)
- Accrued charges and deferred income +€32,729
up €32,729 (+6,833%), from €479 to €33,208
- Debts after one year -€8,668
down €8,668 (-9.3%), from €93,675 to €85,006
- Trade debts -€5,294
down €5,294 (-11.5%), from €45,886 to €40,593
- Other debts -€5,284
no longer reported in 2025 (was €5,284)
- Current portion of long-term debt -€3,405
down €3,405 (-28.2%), from €12,074 to €8,668
- Gross operating margin -€1,946
down €1,946 (-7.1%), from €27,442 to €25,496
- Financial charges -€978
down €978 (-10.6%), from €9,240 to €8,262
- Staff costs -€782
down €782 (-41.7%), from €1,877 to €1,095
- Financial income +€641
up €641 (+48.6%), from €1,318 to €1,959
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 | €168,814 | €180,543 | +€11,729 | +6.9% |
| Fixed assets | 21/28 | €101,718 | €88,044 | -€13,674 | -13.4% |
| Tangible fixed assets | 22/27 | €100,780 | €87,105 | -€13,674 | -13.6% |
| Land and buildings | 22 | €95,408 | €83,408 | -€12,000 | -12.6% |
| Plant, machinery and equipment | 23 | €4,315 | €3,603 | -€712 | -16.5% |
| Furniture and vehicles | 24 | €1,056 | €94 | -€962 | -91.1% |
| Financial fixed assets | 28 | €938 | €938 | = | 0.0% |
| Current assets | 29/58 | €67,096 | €92,499 | +€25,403 | +37.9% |
| Amounts receivable after more than one year | 29 | €5,327 | - | -€5,327 | |
| Other amounts receivable | 291 | €5,327 | - | -€5,327 | |
| Stocks and contracts in progress | 3 | €27,561 | - | -€27,561 | |
| Contracts in progress | 37 | €27,561 | - | -€27,561 | |
| Amounts receivable within one year | 40/41 | €32,586 | €54,429 | +€21,843 | +67.0% |
| Trade receivables | 40 | €6,720 | €9,140 | +€2,421 | +36.0% |
| Other amounts receivable | 41 | €25,866 | €45,289 | +€19,423 | +75.1% |
| Current investments | 50/53 | €275 | €275 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,347 | €37,796 | +€36,448 | +2,705% |
| Total equity and liabilities | 10/49 | €168,814 | €180,543 | +€11,729 | +6.9% |
| Equity | 10/15 | €8,808 | €10,133 | +€1,325 | +15.0% |
| Contributions | 10/11 | €6,970 | €6,970 | = | 0.0% |
| Reserves | 13 | €38,050 | €38,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €36,050 | €36,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,212 | -€34,887 | +€1,325 | +3.7% |
| Amounts payable | 17/49 | €160,006 | €170,410 | +€10,404 | +6.5% |
| Amounts payable after more than one year | 17 | €93,675 | €85,006 | -€8,668 | -9.3% |
| Financial debts | 170/4 | €93,675 | €85,006 | -€8,668 | -9.3% |
| Amounts payable within one year | 42/48 | €65,852 | €52,196 | -€13,656 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €12,074 | €8,668 | -€3,405 | -28.2% |
| Trade debts | 44 | €45,886 | €40,593 | -€5,294 | -11.5% |
| Suppliers | 440/4 | €45,886 | €40,593 | -€5,294 | -11.5% |
| Taxes, remuneration and social security | 45 | €2,608 | €2,936 | +€327 | +12.5% |
| Taxes | 450/3 | €2,608 | €136 | -€2,473 | -94.8% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €5,284 | - | -€5,284 | |
| Accrued charges and deferred income | 492/3 | €479 | €33,208 | +€32,729 | +6,833% |
| Non-recurring operating income | 76A | - | €2,621 | +€2,621 | |
| Remuneration, social security and pensions | 62 | €1,877 | €1,095 | -€782 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,052 | €14,183 | +€131 | +0.9% |
| Other operating charges | 640/8 | €1,250 | €1,064 | -€186 | -14.9% |
| Non-recurring operating charges | 66A | - | €1,357 | +€1,357 | |
| Gross operating margin | 9900 | €27,442 | €25,496 | -€1,946 | -7.1% |
| Operating profit (loss) | 9901 | €10,263 | €7,798 | -€2,465 | -24.0% |
| Financial income | 75/76B | €1,318 | €1,959 | +€641 | +48.6% |
| Recurring financial income | 75 | €1,318 | €1,959 | +€641 | +48.6% |
| Financial charges | 65/66B | €9,240 | €8,262 | -€978 | -10.6% |
| Recurring financial charges | 65 | €9,240 | €8,262 | -€978 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €2,341 | €1,495 | -€846 | -36.1% |
| Income taxes | 67/77 | €183 | €171 | -€12 | -6.7% |
| Profit (loss) for the period | 9904 | €2,159 | €1,325 | -€834 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,159 | €1,325 | -€834 | -38.6% |
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 23 October 2026 via checked.be.