MEIRDONCK: 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.
MEIRDONCK
Largest movements
- Current investments +€23,723
up €23,723 (+37.0%), from €64,089 to €87,812
- Cash +€18,726
up €18,726 (+79.4%), from €23,598 to €42,324
mainly Net result for the year (+€44,672) and Tax, wage and social debts (+€23,386)
- Tangible fixed assets -€17,363
down €17,363 (-14.2%), from €122,414 to €105,051
of which Land and buildings: -€23,757
- Receivables within one year +€8,726
up €8,726 (+2,938%), from €297 to €9,023
of which Other amounts receivable: +€9,000
- Deferred charges and accrued income -€7,756
down €7,756 (-7.0%), from €110,442 to €102,686
- Tax, wage and social debts +€23,386
up €23,386 (+111%), from €21,044 to €44,430
- Reserves +€10,929
up €10,929 (+4.6%), from €235,729 to €246,658
of which Distributable reserves: +€10,929
- Trade debts -€5,464
down €5,464 (-85.0%), from €6,427 to €963
- Taxes +€13,709
up €13,709 (+55.2%), from €24,824 to €38,533
- Gross operating margin -€12,531
down €12,531 (-10.4%), from €119,993 to €107,462
- Financial income +€8,720
up €8,720 (+189%), from €4,619 to €13,339
- Other operating charges -€5,309
down €5,309 (-25.6%), from €20,769 to €15,460
- Depreciation +€4,750
up €4,750 (+38.9%), from €12,207 to €16,957
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 | €332,233 | €358,284 | +€26,051 | +7.8% |
| Fixed assets | 21/28 | €123,553 | €106,190 | -€17,363 | -14.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €122,414 | €105,051 | -€17,363 | -14.2% |
| Land and buildings | 22 | €29,450 | €5,693 | -€23,757 | -80.7% |
| Plant, machinery and equipment | 23 | €6,421 | €6,476 | +€55 | +0.9% |
| Furniture and vehicles | 24 | €59,590 | €66,171 | +€6,581 | +11.0% |
| Other tangible fixed assets | 26 | €26,953 | €26,711 | -€242 | -0.9% |
| Financial fixed assets | 28 | €1,139 | €1,139 | = | 0.0% |
| Current assets | 29/58 | €208,680 | €252,094 | +€43,414 | +20.8% |
| Stocks and contracts in progress | 3 | €10,254 | €10,249 | -€5 | 0.0% |
| Stocks | 30/36 | €10,254 | €10,249 | -€5 | 0.0% |
| Amounts receivable within one year | 40/41 | €297 | €9,023 | +€8,726 | +2,938% |
| Trade receivables | 40 | €297 | €23 | -€274 | -92.3% |
| Other amounts receivable | 41 | - | €9,000 | +€9,000 | |
| Current investments | 50/53 | €64,089 | €87,812 | +€23,723 | +37.0% |
| Cash at bank and in hand | 54/58 | €23,598 | €42,324 | +€18,726 | +79.4% |
| Deferred charges and accrued income | 490/1 | €110,442 | €102,686 | -€7,756 | -7.0% |
| Total equity and liabilities | 10/49 | €332,233 | €358,284 | +€26,051 | +7.8% |
| Equity | 10/15 | €263,791 | €274,892 | +€11,101 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,729 | €246,658 | +€10,929 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €233,869 | €244,798 | +€10,929 | +4.7% |
| Profit (loss) carried forward | 14 | €9,462 | €9,634 | +€172 | +1.8% |
| Amounts payable | 17/49 | €68,442 | €83,392 | +€14,950 | +21.8% |
| Amounts payable within one year | 42/48 | €68,326 | €83,392 | +€15,066 | +22.1% |
| Trade debts | 44 | €6,427 | €963 | -€5,464 | -85.0% |
| Suppliers | 440/4 | €6,427 | €963 | -€5,464 | -85.0% |
| Taxes, remuneration and social security | 45 | €21,044 | €44,430 | +€23,386 | +111% |
| Taxes | 450/3 | €21,044 | €44,430 | +€23,386 | +111% |
| Other amounts payable | 47/48 | €40,855 | €37,999 | -€2,856 | -7.0% |
| Accrued charges and deferred income | 492/3 | €116 | - | -€116 | |
| Non-recurring operating income | 76A | - | €25,632 | +€25,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,207 | €16,957 | +€4,750 | +38.9% |
| Other operating charges | 640/8 | €20,769 | €15,460 | -€5,309 | -25.6% |
| Non-recurring operating charges | 66A | €2,427 | - | -€2,427 | |
| Gross operating margin | 9900 | €119,993 | €107,462 | -€12,531 | -10.4% |
| Operating profit (loss) | 9901 | €84,590 | €75,045 | -€9,545 | -11.3% |
| Financial income | 75/76B | €4,619 | €13,339 | +€8,720 | +189% |
| Recurring financial income | 75 | €4,619 | €13,339 | +€8,720 | +189% |
| Financial charges | 65/66B | €648 | €5,179 | +€4,531 | +699% |
| Recurring financial charges | 65 | €648 | €5,179 | +€4,531 | +699% |
| Profit (loss) for the period before taxes | 9903 | €88,561 | €83,205 | -€5,356 | -6.0% |
| Income taxes | 67/77 | €24,824 | €38,533 | +€13,709 | +55.2% |
| Profit (loss) for the period | 9904 | €63,737 | €44,672 | -€19,065 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,737 | €44,672 | -€19,065 | -29.9% |
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 13 October 2026 via checked.be.