MEIBOOM 16-18: 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.
What changed
MEIBOOM 16-18
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€118,501
2024 · €94,796+€23,705
Equity
€2.2m
2024 · €2.1m+€118,501
Cash
€134,767
2024 · €74,969+€59,798
Balance sheet total
€6.4m
2024 · €6.5m-€71,937
Largest movements
Assets
- Tangible fixed assets -€191,016
down €191,016 (-3.0%), from €6.3m to €6.1m
of which Land and buildings: -€188,002
Equity and liabilities
- Debts after one year -€327,500
down €327,500 (-10.1%), from €3.3m to €2.9m
- Current portion of long-term debt +€300,000
new in 2025: €300,000
- Short-term financial debts -€300,000
down €300,000 (-91.6%), from €327,500 to €27,500
- Profit (loss) carried forward +€118,501
up €118,501 (+29.7%), from €399,277 to €517,778
- Trade debts +€92,842
up €92,842 (+331%), from €28,037 to €120,879
Income statement
- Financial charges -€61,739
down €61,739 (-27.3%), from €226,234 to €164,494
- Other operating charges +€23,905
up €23,905 (+33.6%), from €71,223 to €95,129
- Gross operating margin +€13,195
up €13,195 (+2.1%), from €618,140 to €631,335
- Financial income -€11,905
down €11,905 (-98.5%), from €12,091 to €186
- Taxes +€11,538
up €11,538 (+36.7%), from €31,451 to €42,989
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.
Result 2024
€94,796
Gross operating margin
+€13,195
Depreciation
-€3,881
Other operating charges
-€23,905
Financial income
-€11,905
Financial charges
+€61,739
Taxes
-€11,538
Result 2025
€118,501
raises the resultlowers the result
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.
From operations
+€406,690
Investment
-€19,392
Financing
-€327,500
Cash 2024
€74,969
From operations (derived)
+€406,690
Net result for the year
+€118,501
Depreciation
+€210,408
Receivables within one year
-€62,020
Deferred charges and accrued income
+€2,740
Trade debts
+€92,842
Tax, wage and social debts
+€18,907
Other debts
+€22,189
Accrued charges and deferred income
+€3,124
Investment (derived)
-€19,392
Investment in fixed assets (net)
-€19,392
Financing
-€327,500
Debts after one year
-€327,500
Current portion of long-term debt
+€300,000
Short-term financial debts
-€300,000
Cash 2025
€134,767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,479,773 | €6,407,836 | -€71,937 | -1.1% |
| Fixed assets | 21/28 | €6,312,637 | €6,121,621 | -€191,016 | -3.0% |
| Tangible fixed assets | 22/27 | €6,312,637 | €6,121,621 | -€191,016 | -3.0% |
| Land and buildings | 22 | €6,146,738 | €5,958,736 | -€188,002 | -3.1% |
| Plant, machinery and equipment | 23 | €99,755 | €87,543 | -€12,212 | -12.2% |
| Furniture and vehicles | 24 | €12,967 | €8,645 | -€4,322 | -33.3% |
| Other tangible fixed assets | 26 | €53,176 | €47,305 | -€5,872 | -11.0% |
| Assets under construction and advance payments | 27 | - | €19,392 | +€19,392 | |
| Current assets | 29/58 | €167,136 | €286,214 | +€119,078 | +71.2% |
| Amounts receivable within one year | 40/41 | €83,744 | €145,764 | +€62,020 | +74.1% |
| Trade receivables | 40 | €83,744 | €145,764 | +€62,020 | +74.1% |
| Cash at bank and in hand | 54/58 | €74,969 | €134,767 | +€59,798 | +79.8% |
| Deferred charges and accrued income | 490/1 | €8,423 | €5,683 | -€2,740 | -32.5% |
| Total equity and liabilities | 10/49 | €6,479,773 | €6,407,836 | -€71,937 | -1.1% |
| Equity | 10/15 | €2,109,420 | €2,227,921 | +€118,501 | +5.6% |
| Contributions | 10/11 | €63,943 | €63,943 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,943 | €1,943 | = | 0.0% |
| Other | 1109/19 | €1,943 | €1,943 | = | 0.0% |
| Revaluation surpluses | 12 | €1,640,000 | €1,640,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,277 | €517,778 | +€118,501 | +29.7% |
| Amounts payable | 17/49 | €4,370,353 | €4,179,915 | -€190,438 | -4.4% |
| Amounts payable after more than one year | 17 | €3,250,625 | €2,923,125 | -€327,500 | -10.1% |
| Financial debts | 170/4 | €3,250,625 | €2,923,125 | -€327,500 | -10.1% |
| Amounts payable within one year | 42/48 | €929,353 | €1,063,291 | +€133,938 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | - | €300,000 | +€300,000 | |
| Financial debts | 43 | €327,500 | €27,500 | -€300,000 | -91.6% |
| Credit institutions | 430/8 | €327,500 | €27,500 | -€300,000 | -91.6% |
| Trade debts | 44 | €28,037 | €120,879 | +€92,842 | +331% |
| Suppliers | 440/4 | €28,037 | €120,879 | +€92,842 | +331% |
| Taxes, remuneration and social security | 45 | €20,615 | €39,522 | +€18,907 | +91.7% |
| Taxes | 450/3 | €20,615 | €39,522 | +€18,907 | +91.7% |
| Other amounts payable | 47/48 | €553,201 | €575,390 | +€22,189 | +4.0% |
| Accrued charges and deferred income | 492/3 | €190,375 | €193,499 | +€3,124 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,527 | €210,408 | +€3,881 | +1.9% |
| Other operating charges | 640/8 | €71,223 | €95,129 | +€23,905 | +33.6% |
| Gross operating margin | 9900 | €618,140 | €631,335 | +€13,195 | +2.1% |
| Operating profit (loss) | 9901 | €340,390 | €325,799 | -€14,591 | -4.3% |
| Financial income | 75/76B | €12,091 | €186 | -€11,905 | -98.5% |
| Recurring financial income | 75 | €12,091 | €186 | -€11,905 | -98.5% |
| Financial charges | 65/66B | €226,234 | €164,494 | -€61,739 | -27.3% |
| Recurring financial charges | 65 | €226,234 | €164,494 | -€61,739 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €126,247 | €161,490 | +€35,244 | +27.9% |
| Income taxes | 67/77 | €31,451 | €42,989 | +€11,538 | +36.7% |
| Profit (loss) for the period | 9904 | €94,796 | €118,501 | +€23,705 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,796 | €118,501 | +€23,705 | +25.0% |
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 31 October 2026 via checked.be.