Meir Development: 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
Meir Development
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€20,627
2024 · -€6,407-€14,220
Equity
€12,997
2024 · €33,625-€20,627
Cash
€4,261
2024 · €8,429-€4,168
Balance sheet total
€2.0m
2024 · €1.7m+€341,214
Largest movements
Assets
- Stocks and contracts +€334,830
up €334,830 (+61.8%), from €541,500 to €876,331
- Deferred charges and accrued income +€25,379
up €25,379 (+20.1%), from €126,250 to €151,628
Equity and liabilities
- Debts after one year +€540,000
up €540,000 (+45.0%), from €1.2m to €1.7m
- Trade debts -€219,760
down €219,760 (-75.1%), from €292,703 to €72,943
- Accrued charges and deferred income +€41,601
up €41,601 (+24.7%), from €168,495 to €210,096
- Profit (loss) carried forward -€20,627
down €20,627 (-74.0%), from -€27,876 to -€48,503
Income statement
- Goods and materials -€132,898
down €132,898 (-28.4%), from €467,729 to €334,830
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
-€6,407
Other operating charges
-€31
Other operating items
-€39
Financial income
-€1,184
Financial charges
-€12,966
Result 2025
-€20,627
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.
From operations
-€544,168
Investment
€0
Financing
+€540,000
Cash 2024
€8,429
From operations (derived)
-€544,168
Net result for the year
-€20,627
Stocks and contracts
-€334,830
Receivables within one year
+€14,827
Deferred charges and accrued income
-€25,379
Trade debts
-€219,760
Accrued charges and deferred income
+€41,601
Financing
+€540,000
Debts after one year
+€540,000
Cash 2025
€4,261
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,695,822 | €2,037,036 | +€341,214 | +20.1% |
| Fixed assets | 21/28 | €1,001,244 | €1,001,244 | = | 0.0% |
| Financial fixed assets | 28 | €1,001,244 | €1,001,244 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €1,001,244 | €1,001,244 | = | 0.0% |
| Amounts receivable | 283 | €1,001,244 | €1,001,244 | = | 0.0% |
| Current assets | 29/58 | €694,579 | €1,035,792 | +€341,214 | +49.1% |
| Stocks and contracts in progress | 3 | €541,500 | €876,331 | +€334,830 | +61.8% |
| Stocks | 30/36 | €541,500 | €876,331 | +€334,830 | +61.8% |
| Work in progress | 32 | €541,500 | €876,331 | +€334,830 | +61.8% |
| Amounts receivable within one year | 40/41 | €18,400 | €3,572 | -€14,827 | -80.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €18,400 | €3,572 | -€14,827 | -80.6% |
| Cash at bank and in hand | 54/58 | €8,429 | €4,261 | -€4,168 | -49.5% |
| Deferred charges and accrued income | 490/1 | €126,250 | €151,628 | +€25,379 | +20.1% |
| Total equity and liabilities | 10/49 | €1,695,822 | €2,037,036 | +€341,214 | +20.1% |
| Equity | 10/15 | €33,625 | €12,997 | -€20,627 | -61.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,876 | -€48,503 | -€20,627 | -74.0% |
| Amounts payable | 17/49 | €1,662,198 | €2,024,039 | +€361,841 | +21.8% |
| Amounts payable after more than one year | 17 | €1,201,000 | €1,741,000 | +€540,000 | +45.0% |
| Financial debts | 170/4 | €1,201,000 | €1,741,000 | +€540,000 | +45.0% |
| Other loans | 174 | €1,201,000 | €1,741,000 | +€540,000 | +45.0% |
| Amounts payable within one year | 42/48 | €292,703 | €72,943 | -€219,760 | -75.1% |
| Trade debts | 44 | €292,703 | €72,943 | -€219,760 | -75.1% |
| Suppliers | 440/4 | €292,703 | €72,943 | -€219,760 | -75.1% |
| Accrued charges and deferred income | 492/3 | €168,495 | €210,096 | +€41,601 | +24.7% |
| Operating income | 70/76A | €467,729 | €334,830 | -€132,898 | -28.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €467,729 | €334,830 | -€132,898 | -28.4% |
| Operating charges | 60/66A | €471,543 | €338,715 | -€132,828 | -28.2% |
| Goods for resale, raw materials and consumables | 60 | €467,729 | €334,830 | -€132,898 | -28.4% |
| Purchases | 600/8 | €467,729 | €334,830 | -€132,898 | -28.4% |
| Services and other goods | 61 | €2,847 | €2,886 | +€39 | +1.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€3,815 | -€3,885 | -€70 | -1.8% |
| Financial income | 75/76B | €26,563 | €25,379 | -€1,184 | -4.5% |
| Recurring financial income | 75 | €26,563 | €25,379 | -€1,184 | -4.5% |
| Income from financial fixed assets | 750 | €26,563 | €25,379 | -€1,184 | -4.5% |
| Financial charges | 65/66B | €29,155 | €42,121 | +€12,966 | +44.5% |
| Recurring financial charges | 65 | €29,155 | €42,121 | +€12,966 | +44.5% |
| Debt charges | 650 | €28,635 | €41,601 | +€12,966 | +45.3% |
| Other financial charges | 652/9 | €520 | €520 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,407 | -€20,627 | -€14,220 | -221.9% |
| Profit (loss) for the period | 9904 | -€6,407 | -€20,627 | -€14,220 | -221.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,407 | -€20,627 | -€14,220 | -221.9% |
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 9 October 2026 via checked.be.