MEIRLAEN: 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.
MEIRLAEN
Largest movements
- Receivables after one year +€29,200
up €29,200 (+42.1%), from €69,300 to €98,500
of which Trade receivables: +€40,000
- Receivables within one year -€20,762
down €20,762 (-80.2%), from €25,888 to €5,126
of which Trade receivables: -€10,792
- Tangible fixed assets -€18,180
down €18,180 (-2.8%), from €659,208 to €641,028
of which Land and buildings: -€14,876
- Current investments +€10,000
new in 2025: €10,000
- Debts after one year -€50,154
down €50,154 (-10.1%), from €497,673 to €447,519
- Reserves +€22,056
up €22,056 (+11.8%), from €187,047 to €209,103
- Other debts +€18,955
up €18,955 (+528.3%), from €3,588 to €22,543
- Gross operating margin +€21,021
up €21,021 (+28.0%), from €75,084 to €96,105
- Taxes +€5,551
up €5,551 (+406.1%), from €1,367 to €6,918
- Depreciation +€1,844
up €1,844 (+4.2%), from €43,637 to €45,481
- Other operating charges +€1,507
up €1,507 (+25.9%), from €5,824 to €7,331
- Financial charges -€1,207
down €1,207 (-7.8%), from €15,528 to €14,320
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 | €762,970 | €758,927 | -€4,043 | -0.5% |
| Fixed assets | 21/28 | €659,208 | €641,028 | -€18,180 | -2.8% |
| Tangible fixed assets | 22/27 | €659,208 | €641,028 | -€18,180 | -2.8% |
| Land and buildings | 22 | €645,586 | €630,710 | -€14,876 | -2.3% |
| Furniture and vehicles | 24 | €806 | €531 | -€275 | -34.1% |
| Other tangible fixed assets | 26 | €12,816 | €9,786 | -€3,030 | -23.6% |
| Current assets | 29/58 | €103,762 | €117,899 | +€14,138 | +13.6% |
| Amounts receivable after more than one year | 29 | €69,300 | €98,500 | +€29,200 | +42.1% |
| Trade receivables | 290 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | €69,300 | €58,500 | -€10,800 | -15.6% |
| Amounts receivable within one year | 40/41 | €25,888 | €5,126 | -€20,762 | -80.2% |
| Trade receivables | 40 | €15,917 | €5,126 | -€10,792 | -67.8% |
| Other amounts receivable | 41 | €9,971 | - | -€9,971 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €7,365 | €2,961 | -€4,404 | -59.8% |
| Deferred charges and accrued income | 490/1 | €1,208 | €1,313 | +€104 | +8.6% |
| Total equity and liabilities | 10/49 | €762,970 | €758,927 | -€4,043 | -0.5% |
| Equity | 10/15 | €205,647 | €227,703 | +€22,056 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,047 | €209,103 | +€22,056 | +11.8% |
| Distributable reserves | 133 | €187,047 | €209,103 | +€22,056 | +11.8% |
| Amounts payable | 17/49 | €557,323 | €531,224 | -€26,099 | -4.7% |
| Amounts payable after more than one year | 17 | €497,673 | €447,519 | -€50,154 | -10.1% |
| Financial debts | 170/4 | €497,673 | €447,519 | -€50,154 | -10.1% |
| Amounts payable within one year | 42/48 | €58,830 | €83,705 | +€24,875 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €50,563 | €51,806 | +€1,242 | +2.5% |
| Trade debts | 44 | €3,312 | €1,874 | -€1,438 | -43.4% |
| Suppliers | 440/4 | €3,312 | €1,874 | -€1,438 | -43.4% |
| Taxes, remuneration and social security | 45 | €1,367 | €7,482 | +€6,115 | +447.3% |
| Taxes | 450/3 | €1,367 | €7,482 | +€6,115 | +447.3% |
| Other amounts payable | 47/48 | €3,588 | €22,543 | +€18,955 | +528.3% |
| Accrued charges and deferred income | 492/3 | €820 | - | -€820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,637 | €45,481 | +€1,844 | +4.2% |
| Other operating charges | 640/8 | €5,824 | €7,331 | +€1,507 | +25.9% |
| Gross operating margin | 9900 | €75,084 | €96,105 | +€21,021 | +28.0% |
| Operating profit (loss) | 9901 | €25,623 | €43,293 | +€17,669 | +69.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,528 | €14,320 | -€1,207 | -7.8% |
| Recurring financial charges | 65 | €15,528 | €14,320 | -€1,207 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €10,096 | €28,974 | +€18,878 | +187.0% |
| Income taxes | 67/77 | €1,367 | €6,918 | +€5,551 | +406.1% |
| Profit (loss) for the period | 9904 | €8,729 | €22,056 | +€13,327 | +152.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,729 | €22,056 | +€13,327 | +152.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.