MEEZAN: 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.
MEEZAN
Largest movements
- Receivables within one year -€11,287
no longer reported in 2025 (was €11,287)
of which Trade receivables: -€6,264
- Cash +€10,868
up €10,868 (+43.5%), from €24,980 to €35,848
mainly Tax, wage and social debts (+€13,470) and Receivables within one year (+€11,287)
- Stocks and contracts +€10,064
up €10,064 (+23.6%), from €42,591 to €52,655
- Tangible fixed assets +€6,087
up €6,087 (+23.1%), from €26,322 to €32,410
of which Furniture and vehicles: +€9,057
- Tax, wage and social debts +€13,470
up €13,470 (+139%), from €9,682 to €23,152
of which Remuneration and social security: +€16,695
- Trade debts -€6,328
down €6,328 (-15.0%), from €42,186 to €35,857
- Debts after one year +€5,000
up €5,000 (+17.2%), from €29,000 to €34,000
- Profit (loss) carried forward +€2,308
up €2,308 (+18.7%), from €12,345 to €14,653
- Other debts +€1,343
new in 2025: €1,343
- Turnover +€255,434
up €255,434 (+16.5%), from €1.5m to €1.8m
- Purchases and services +€227,934
up €227,934 (+15.2%), from €1.5m to €1.7m
- Gross operating margin +€19,563
up €19,563 (+29.3%), from €66,859 to €86,422
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 | €112,271 | €128,065 | +€15,793 | +14.1% |
| Fixed assets | 21/28 | €33,012 | €39,100 | +€6,087 | +18.4% |
| Tangible fixed assets | 22/27 | €26,322 | €32,410 | +€6,087 | +23.1% |
| Plant, machinery and equipment | 23 | €17,469 | €14,499 | -€2,970 | -17.0% |
| Furniture and vehicles | 24 | €8,853 | €17,911 | +€9,057 | +102% |
| Financial fixed assets | 28 | €6,690 | €6,690 | = | 0.0% |
| Current assets | 29/58 | €79,259 | €88,965 | +€9,706 | +12.2% |
| Stocks and contracts in progress | 3 | €42,591 | €52,655 | +€10,064 | +23.6% |
| Stocks | 30/36 | €42,591 | €52,655 | +€10,064 | +23.6% |
| Amounts receivable within one year | 40/41 | €11,287 | - | -€11,287 | |
| Trade receivables | 40 | €6,264 | - | -€6,264 | |
| Other amounts receivable | 41 | €5,023 | - | -€5,023 | |
| Cash at bank and in hand | 54/58 | €24,980 | €35,848 | +€10,868 | +43.5% |
| Deferred charges and accrued income | 490/1 | €402 | €462 | +€60 | +15.0% |
| Total equity and liabilities | 10/49 | €112,271 | €128,065 | +€15,793 | +14.1% |
| Equity | 10/15 | €31,404 | €33,712 | +€2,308 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €459 | €459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €459 | €459 | = | 0.0% |
| Reserves not available under the articles | 1311 | €459 | €459 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,345 | €14,653 | +€2,308 | +18.7% |
| Amounts payable | 17/49 | €80,868 | €94,352 | +€13,485 | +16.7% |
| Amounts payable after more than one year | 17 | €29,000 | €34,000 | +€5,000 | +17.2% |
| Other amounts payable | 178/9 | €29,000 | €34,000 | +€5,000 | +17.2% |
| Amounts payable within one year | 42/48 | €51,868 | €60,352 | +€8,485 | +16.4% |
| Trade debts | 44 | €42,186 | €35,857 | -€6,328 | -15.0% |
| Suppliers | 440/4 | €42,186 | €35,857 | -€6,328 | -15.0% |
| Taxes, remuneration and social security | 45 | €9,682 | €23,152 | +€13,470 | +139% |
| Taxes | 450/3 | €7,705 | €4,480 | -€3,224 | -41.9% |
| Remuneration and social security | 454/9 | €1,977 | €18,672 | +€16,695 | +844% |
| Other amounts payable | 47/48 | - | €1,343 | +€1,343 | |
| Turnover | 70 | €1,547,685 | €1,803,119 | +€255,434 | +16.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,498,339 | €1,726,273 | +€227,934 | +15.2% |
| Remuneration, social security and pensions | 62 | €47,042 | €64,944 | +€17,902 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,814 | €7,425 | +€1,611 | +27.7% |
| Other operating charges | 640/8 | €4,965 | €10,752 | +€5,787 | +117% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €66,859 | €86,422 | +€19,563 | +29.3% |
| Operating profit (loss) | 9901 | €9,037 | €3,243 | -€5,794 | -64.1% |
| Financial income | 75/76B | €937 | - | -€937 | |
| Recurring financial income | 75 | €937 | - | -€937 | |
| Financial charges | 65/66B | €338 | €258 | -€80 | -23.7% |
| Recurring financial charges | 65 | €338 | €258 | -€80 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €9,636 | €2,985 | -€6,651 | -69.0% |
| Income taxes | 67/77 | €2,409 | €677 | -€1,732 | -71.9% |
| Profit (loss) for the period | 9904 | €7,227 | €2,308 | -€4,919 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,227 | €2,308 | -€4,919 | -68.1% |
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 18 October 2026 via checked.be.