MEIREN: 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.
MEIREN
Largest movements
- Cash +€80,219
up €80,219 (+156%), from €51,397 to €131,616
mainly Short-term financial debts (+€56,325) and Receivables within one year (+€47,862)
- Receivables within one year -€47,862
down €47,862 (-42.7%), from €112,051 to €64,189
of which Trade receivables: -€55,101
- Tangible fixed assets -€32,812
down €32,812 (-40.8%), from €80,517 to €47,705
of which Furniture and vehicles: -€26,256
- Stocks and contracts +€14,153
up €14,153 (+219%), from €6,464 to €20,617
- Short-term financial debts +€56,325
up €56,325 (+68.6%), from €82,082 to €138,407
of which Credit institutions: +€131,325
- Tax, wage and social debts -€23,560
down €23,560 (-61.4%), from €38,348 to €14,788
of which Taxes: -€26,878
- Trade debts -€14,527
down €14,527 (-33.3%), from €43,684 to €29,158
- Debts after one year -€5,715
down €5,715 (-17.3%), from €32,972 to €27,257
- Profit (loss) carried forward +€3,884
up €3,884 (+12.3%), from €31,674 to €35,558
- Gross operating margin +€19,127
up €19,127 (+59.2%), from €32,330 to €51,457
- Taxes -€13,211
down €13,211 (-98.0%), from €13,478 to €267
- Other operating charges +€4,759
up €4,759 (+75.5%), from €6,306 to €11,065
- Financial charges +€4,418
up €4,418 (+79.0%), from €5,593 to €10,011
of which Financial charges: +€4,542
- Depreciation -€4,243
down €4,243 (-22.2%), from €19,091 to €14,848
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 | €256,658 | €271,710 | +€15,053 | +5.9% |
| Fixed assets | 21/28 | €80,517 | €47,705 | -€32,812 | -40.8% |
| Tangible fixed assets | 22/27 | €80,517 | €47,705 | -€32,812 | -40.8% |
| Land and buildings | 22 | €29,737 | €20,677 | -€9,059 | -30.5% |
| Plant, machinery and equipment | 23 | €601 | €3,104 | +€2,503 | +416% |
| Furniture and vehicles | 24 | €50,179 | €23,924 | -€26,256 | -52.3% |
| Current assets | 29/58 | €176,140 | €224,005 | +€47,865 | +27.2% |
| Stocks and contracts in progress | 3 | €6,464 | €20,617 | +€14,153 | +219% |
| Stocks | 30/36 | €6,464 | €20,617 | +€14,153 | +219% |
| Amounts receivable within one year | 40/41 | €112,051 | €64,189 | -€47,862 | -42.7% |
| Trade receivables | 40 | €97,616 | €42,514 | -€55,101 | -56.4% |
| Other amounts receivable | 41 | €14,436 | €21,675 | +€7,239 | +50.1% |
| Cash at bank and in hand | 54/58 | €51,397 | €131,616 | +€80,219 | +156% |
| Deferred charges and accrued income | 490/1 | €6,229 | €7,583 | +€1,354 | +21.7% |
| Total equity and liabilities | 10/49 | €256,658 | €271,710 | +€15,053 | +5.9% |
| Equity | 10/15 | €52,398 | €56,282 | +€3,884 | +7.4% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €1,884 | €1,884 | = | 0.0% |
| Distributable reserves | 133 | €1,884 | €1,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,674 | €35,558 | +€3,884 | +12.3% |
| Amounts payable | 17/49 | €204,260 | €215,429 | +€11,169 | +5.5% |
| Amounts payable after more than one year | 17 | €32,972 | €27,257 | -€5,715 | -17.3% |
| Financial debts | 170/4 | €32,972 | €27,257 | -€5,715 | -17.3% |
| Amounts payable within one year | 42/48 | €171,288 | €188,172 | +€16,884 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €6,623 | €5,715 | -€908 | -13.7% |
| Financial debts | 43 | €82,082 | €138,407 | +€56,325 | +68.6% |
| Credit institutions | 430/8 | €7,082 | €138,407 | +€131,325 | +1,854% |
| Other loans | 439 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €43,684 | €29,158 | -€14,527 | -33.3% |
| Suppliers | 440/4 | €43,684 | €29,158 | -€14,527 | -33.3% |
| Taxes, remuneration and social security | 45 | €38,348 | €14,788 | -€23,560 | -61.4% |
| Taxes | 450/3 | €38,348 | €11,470 | -€26,878 | -70.1% |
| Remuneration and social security | 454/9 | - | €3,318 | +€3,318 | |
| Other amounts payable | 47/48 | €551 | €104 | -€447 | -81.1% |
| Non-recurring operating income | 76A | - | €2,240 | +€2,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,091 | €14,848 | -€4,243 | -22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,391 | +€1,391 | |
| Other operating charges | 640/8 | €6,306 | €11,065 | +€4,759 | +75.5% |
| Non-recurring operating charges | 66A | - | €10,114 | +€10,114 | |
| Gross operating margin | 9900 | €32,330 | €51,457 | +€19,127 | +59.2% |
| Operating profit (loss) | 9901 | €6,933 | €14,039 | +€7,106 | +103% |
| Financial income | 75/76B | - | €123 | +€123 | |
| Recurring financial income | 75 | - | €123 | +€123 | |
| Financial charges | 65/66B | €5,593 | €10,011 | +€4,418 | +79.0% |
| Recurring financial charges | 65 | €5,469 | €10,011 | +€4,542 | +83.0% |
| Non-recurring financial charges | 66B | €124 | - | -€124 | |
| Profit (loss) for the period before taxes | 9903 | €1,340 | €4,150 | +€2,811 | +210% |
| Income taxes | 67/77 | €13,478 | €267 | -€13,211 | -98.0% |
| Profit (loss) for the period | 9904 | -€12,138 | €3,884 | +€16,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,138 | €3,884 | +€16,022 |
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 18 October 2026 via checked.be.