Meireson: 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.
Meireson
Largest movements
- Cash -€8,701
down €8,701 (-22.9%), from €38,056 to €29,355
mainly Investment in fixed assets (net) (-€25,699) and Tax, wage and social debts (-€6,346)
- Tangible fixed assets +€6,453
up €6,453 (+15.5%), from €41,639 to €48,093
of which Other tangible fixed assets: +€7,911
- Receivables within one year -€6,282
down €6,282 (-29.8%), from €21,086 to €14,804
of which Trade receivables: -€7,434
- Stocks and contracts +€3,596
up €3,596 (+36.3%), from €9,906 to €13,501
of which Contracts in progress: +€2,250
- Tax, wage and social debts -€6,346
down €6,346 (-70.4%), from €9,016 to €2,670
of which Taxes: -€6,346
- Reserves +€6,337
up €6,337 (+19.1%), from €33,242 to €39,579
- Debts after one year -€5,702
down €5,702 (-26.3%), from €21,655 to €15,953
- Other debts -€3,627
down €3,627 (-12.4%), from €29,297 to €25,670
- Trade debts +€2,425
up €2,425 (+31.7%), from €7,653 to €10,078
- Depreciation +€3,940
up €3,940 (+25.7%), from €15,305 to €19,246
- Gross operating margin -€3,616
down €3,616 (-8.4%), from €43,125 to €39,509
- Taxes -€3,161
down €3,161 (-58.5%), from €5,403 to €2,241
- Other operating charges +€2,650
up €2,650 (+489%), from €542 to €3,191
- Financial charges -€544
down €544 (-13.8%), from €3,944 to €3,401
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 | €111,825 | €106,967 | -€4,858 | -4.3% |
| Fixed assets | 21/28 | €41,639 | €48,093 | +€6,453 | +15.5% |
| Tangible fixed assets | 22/27 | €41,639 | €48,093 | +€6,453 | +15.5% |
| Plant, machinery and equipment | 23 | €27,706 | €23,958 | -€3,748 | -13.5% |
| Furniture and vehicles | 24 | €5,100 | €7,391 | +€2,291 | +44.9% |
| Other tangible fixed assets | 26 | €8,833 | €16,744 | +€7,911 | +89.6% |
| Current assets | 29/58 | €70,186 | €58,874 | -€11,312 | -16.1% |
| Stocks and contracts in progress | 3 | €9,906 | €13,501 | +€3,596 | +36.3% |
| Stocks | 30/36 | €9,906 | €11,251 | +€1,346 | +13.6% |
| Contracts in progress | 37 | - | €2,250 | +€2,250 | |
| Amounts receivable within one year | 40/41 | €21,086 | €14,804 | -€6,282 | -29.8% |
| Trade receivables | 40 | €19,338 | €11,904 | -€7,434 | -38.4% |
| Other amounts receivable | 41 | €1,748 | €2,900 | +€1,153 | +66.0% |
| Cash at bank and in hand | 54/58 | €38,056 | €29,355 | -€8,701 | -22.9% |
| Deferred charges and accrued income | 490/1 | €1,138 | €1,214 | +€75 | +6.6% |
| Total equity and liabilities | 10/49 | €111,825 | €106,967 | -€4,858 | -4.3% |
| Equity | 10/15 | €36,242 | €42,579 | +€6,337 | +17.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,242 | €39,579 | +€6,337 | +19.1% |
| Distributable reserves | 133 | €33,242 | €39,579 | +€6,337 | +19.1% |
| Amounts payable | 17/49 | €75,584 | €64,388 | -€11,196 | -14.8% |
| Amounts payable after more than one year | 17 | €21,655 | €15,953 | -€5,702 | -26.3% |
| Financial debts | 170/4 | €21,655 | €15,953 | -€5,702 | -26.3% |
| Amounts payable within one year | 42/48 | €51,560 | €44,121 | -€7,439 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €5,594 | €5,702 | +€108 | +1.9% |
| Trade debts | 44 | €7,653 | €10,078 | +€2,425 | +31.7% |
| Suppliers | 440/4 | €7,653 | €10,078 | +€2,425 | +31.7% |
| Taxes, remuneration and social security | 45 | €9,016 | €2,670 | -€6,346 | -70.4% |
| Taxes | 450/3 | €6,709 | €363 | -€6,346 | -94.6% |
| Remuneration and social security | 454/9 | €2,307 | €2,307 | = | 0.0% |
| Other amounts payable | 47/48 | €29,297 | €25,670 | -€3,627 | -12.4% |
| Accrued charges and deferred income | 492/3 | €2,368 | €4,314 | +€1,946 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,305 | €19,246 | +€3,940 | +25.7% |
| Other operating charges | 640/8 | €542 | €3,191 | +€2,650 | +489% |
| Non-recurring operating charges | 66A | - | €5,209 | +€5,209 | |
| Gross operating margin | 9900 | €43,125 | €39,509 | -€3,616 | -8.4% |
| Operating profit (loss) | 9901 | €27,278 | €11,863 | -€15,415 | -56.5% |
| Financial income | 75/76B | €67 | €117 | +€50 | +73.9% |
| Recurring financial income | 75 | €67 | €117 | +€50 | +73.9% |
| Financial charges | 65/66B | €3,944 | €3,401 | -€544 | -13.8% |
| Recurring financial charges | 65 | €3,944 | €3,401 | -€544 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €23,401 | €8,579 | -€14,822 | -63.3% |
| Income taxes | 67/77 | €5,403 | €2,241 | -€3,161 | -58.5% |
| Profit (loss) for the period | 9904 | €17,998 | €6,337 | -€11,661 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,998 | €6,337 | -€11,661 | -64.8% |
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 14 October 2026 via checked.be.