Meijnen Engineering Services: 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.
Meijnen Engineering Services
Largest movements
- Tangible fixed assets -€8,618
down €8,618 (-56.9%), from €15,154 to €6,536
of which Furniture and vehicles: -€8,179
- Receivables within one year +€3,554
up €3,554 (+7.4%), from €48,083 to €51,637
of which Trade receivables: +€2,481
- Cash -€1,252
down €1,252 (-7.4%), from €16,883 to €15,632
mainly Tax, wage and social debts (-€8,586) and Receivables within one year (-€3,554)
- Tax, wage and social debts -€8,586
down €8,586 (-36.5%), from €23,503 to €14,916
- Trade debts +€5,678
up €5,678 (+267%), from €2,126 to €7,804
- Current portion of long-term debt -€1,750
no longer reported in 2024 (was €1,750)
- Profit (loss) carried forward -€1,656
down €1,656 (-4.2%), from €39,417 to €37,761
- Gross operating margin -€18,214
down €18,214 (-66.4%), from €27,411 to €9,196
- Taxes -€5,082
down €5,082 (-81.5%), from €6,238 to €1,156
- Depreciation +€844
up €844 (+10.9%), from €7,774 to €8,618
- Financial charges -€420
down €420 (-41.4%), from €1,014 to €594
- Other operating charges +€319
up €319 (+193%), from €166 to €485
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,121 | €73,805 | -€6,315 | -7.9% |
| Fixed assets | 21/28 | €15,154 | €6,536 | -€8,618 | -56.9% |
| Tangible fixed assets | 22/27 | €15,154 | €6,536 | -€8,618 | -56.9% |
| Plant, machinery and equipment | 23 | €1,001 | €562 | -€439 | -43.8% |
| Furniture and vehicles | 24 | €14,154 | €5,974 | -€8,179 | -57.8% |
| Current assets | 29/58 | €64,966 | €67,269 | +€2,303 | +3.5% |
| Amounts receivable within one year | 40/41 | €48,083 | €51,637 | +€3,554 | +7.4% |
| Trade receivables | 40 | €8,555 | €11,035 | +€2,481 | +29.0% |
| Other amounts receivable | 41 | €39,528 | €40,602 | +€1,074 | +2.7% |
| Cash at bank and in hand | 54/58 | €16,883 | €15,632 | -€1,252 | -7.4% |
| Total equity and liabilities | 10/49 | €80,121 | €73,805 | -€6,315 | -7.9% |
| Equity | 10/15 | €52,742 | €51,085 | -€1,656 | -3.1% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €724 | €724 | = | 0.0% |
| Distributable reserves | 133 | €724 | €724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,417 | €37,761 | -€1,656 | -4.2% |
| Amounts payable | 17/49 | €27,379 | €22,720 | -€4,659 | -17.0% |
| Amounts payable within one year | 42/48 | €27,379 | €22,720 | -€4,659 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €1,750 | - | -€1,750 | |
| Trade debts | 44 | €2,126 | €7,804 | +€5,678 | +267% |
| Suppliers | 440/4 | €2,126 | €7,804 | +€5,678 | +267% |
| Taxes, remuneration and social security | 45 | €23,503 | €14,916 | -€8,586 | -36.5% |
| Taxes | 450/3 | €23,503 | €14,916 | -€8,586 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,774 | €8,618 | +€844 | +10.9% |
| Other operating charges | 640/8 | €166 | €485 | +€319 | +193% |
| Gross operating margin | 9900 | €27,411 | €9,196 | -€18,214 | -66.4% |
| Operating profit (loss) | 9901 | €19,471 | €94 | -€19,377 | -99.5% |
| Financial charges | 65/66B | €1,014 | €594 | -€420 | -41.4% |
| Recurring financial charges | 65 | €1,014 | €594 | -€420 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €18,457 | -€500 | -€18,957 | |
| Income taxes | 67/77 | €6,238 | €1,156 | -€5,082 | -81.5% |
| Profit (loss) for the period | 9904 | €12,219 | -€1,656 | -€13,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,219 | -€1,656 | -€13,875 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.