MEIR CONSTRUCT: what changed
Two fiscal 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.
MEIR CONSTRUCT
Largest movements
- Cash +€49,400
up €49,400 (+508.0%), from €9,725 to €59,125
mainly Trade debts (+€55,684) and Receivables within one year (+€37,949)
- Receivables within one year -€37,949
down €37,949 (-17.1%), from €222,495 to €184,546
of which Other amounts receivable: -€22,027
- Deferred charges and accrued income +€18,708
new in 2025: €18,708
- Tangible fixed assets +€11,641
up €11,641 (+76.9%), from €15,131 to €26,773
of which Furniture and vehicles: +€5,894
- Trade debts +€55,684
up €55,684, from €0 to €55,684
- Debts after one year -€39,995
down €39,995 (-45.4%), from €88,042 to €48,047
- Reserves -€36,668
down €36,668 (-25.1%), from €146,291 to €109,623
of which Distributable reserves: -€36,668
- Current portion of long-term debt +€21,308
new in 2025: €21,308
- Other debts +€20,640
up €20,640 (+231.2%), from €8,927 to €29,567
- Gross operating margin -€9,382
down €9,382 (-24.3%), from €38,569 to €29,187
- Depreciation -€2,610
down €2,610 (-16.1%), from €16,204 to €13,594
- Financial charges -€2,087
down €2,087 (-20.5%), from €10,170 to €8,083
- Taxes -€1,647
down €1,647 (-45.4%), from €3,627 to €1,980
- Other operating charges -€902
down €902 (-35.9%), from €2,510 to €1,608
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 | €254,084 | €293,760 | +€39,676 | +15.6% |
| Fixed assets | 21/28 | €21,863 | €31,380 | +€9,517 | +43.5% |
| Tangible fixed assets | 22/27 | €15,131 | €26,773 | +€11,641 | +76.9% |
| Land and buildings | 22 | - | €5,191 | +€5,191 | |
| Plant, machinery and equipment | 23 | €834 | €1,390 | +€556 | +66.7% |
| Furniture and vehicles | 24 | €14,297 | €20,192 | +€5,894 | +41.2% |
| Financial fixed assets | 28 | €6,732 | €4,607 | -€2,125 | -31.6% |
| Current assets | 29/58 | €232,220 | €262,380 | +€30,159 | +13.0% |
| Amounts receivable within one year | 40/41 | €222,495 | €184,546 | -€37,949 | -17.1% |
| Trade receivables | 40 | €198,601 | €182,679 | -€15,921 | -8.0% |
| Other amounts receivable | 41 | €23,895 | €1,867 | -€22,027 | -92.2% |
| Cash at bank and in hand | 54/58 | €9,725 | €59,125 | +€49,400 | +508.0% |
| Deferred charges and accrued income | 490/1 | - | €18,708 | +€18,708 | |
| Total equity and liabilities | 10/49 | €254,084 | €293,760 | +€39,676 | +15.6% |
| Equity | 10/15 | €152,532 | €119,787 | -€32,745 | -21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €146,291 | €109,623 | -€36,668 | -25.1% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €145,671 | €109,003 | -€36,668 | -25.2% |
| Profit (loss) carried forward | 14 | €42 | €3,964 | +€3,922 | +9440.4% |
| Amounts payable | 17/49 | €101,552 | €173,973 | +€72,421 | +71.3% |
| Amounts payable after more than one year | 17 | €88,042 | €48,047 | -€39,995 | -45.4% |
| Financial debts | 170/4 | €88,042 | €48,047 | -€39,995 | -45.4% |
| Amounts payable within one year | 42/48 | €13,510 | €125,926 | +€112,416 | +832.1% |
| Current portion of amounts payable after more than one year | 42 | - | €21,308 | +€21,308 | |
| Trade debts | 44 | €0 | €55,684 | +€55,684 | |
| Suppliers | 440/4 | €0 | €55,684 | +€55,684 | |
| Taxes, remuneration and social security | 45 | €4,583 | €19,368 | +€14,785 | +322.6% |
| Taxes | 450/3 | €4,583 | €14,129 | +€9,546 | +208.3% |
| Remuneration and social security | 454/9 | - | €5,239 | +€5,239 | |
| Other amounts payable | 47/48 | €8,927 | €29,567 | +€20,640 | +231.2% |
| Non-recurring operating income | 76A | - | €32,613 | +€32,613 | |
| Remuneration, social security and pensions | 62 | €293 | - | -€293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,204 | €13,594 | -€2,610 | -16.1% |
| Other operating charges | 640/8 | €2,510 | €1,608 | -€902 | -35.9% |
| Gross operating margin | 9900 | €38,569 | €29,187 | -€9,382 | -24.3% |
| Operating profit (loss) | 9901 | €19,562 | €13,985 | -€5,577 | -28.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,170 | €8,083 | -€2,087 | -20.5% |
| Recurring financial charges | 65 | €10,170 | €8,083 | -€2,087 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €9,392 | €5,903 | -€3,490 | -37.2% |
| Income taxes | 67/77 | €3,627 | €1,980 | -€1,647 | -45.4% |
| Profit (loss) for the period | 9904 | €5,766 | €3,922 | -€1,843 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,766 | €3,922 | -€1,843 | -32.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.