MEIZON: 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.
MEIZON
Largest movements
- Tangible fixed assets +€14,713
up €14,713 (+7.2%), from €204,037 to €218,750
of which Land and buildings: +€21,232
- Cash +€11,654
up €11,654 (+210%), from €5,542 to €17,196
mainly Debts after one year (+€15,777) and Net result for the year (+€11,002)
- Receivables within one year +€9,200
new in 2025: €9,200
- Debts after one year +€15,777
up €15,777 (+10.2%), from €154,681 to €170,458
- Reserves +€10,169
up €10,169 (+120%), from €8,457 to €18,626
- Current portion of long-term debt +€3,400
up €3,400 (+75.3%), from €4,517 to €7,917
- Other debts +€3,208
up €3,208 (+9.1%), from €35,185 to €38,392
- Gross operating margin -€33,407
down €33,407 (-54.0%), from €61,902 to €28,495
- Depreciation -€31,139
down €31,139 (-81.1%), from €38,413 to €7,273
- Financial charges -€3,905
down €3,905 (-42.4%), from €9,211 to €5,307
- Other operating charges -€672
down €672 (-63.4%), from €1,059 to €387
- Taxes +€622
up €622 (+15.9%), from €3,903 to €4,525
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 | €209,774 | €245,309 | +€35,535 | +16.9% |
| Fixed assets | 21/28 | €204,037 | €218,750 | +€14,713 | +7.2% |
| Tangible fixed assets | 22/27 | €204,037 | €218,750 | +€14,713 | +7.2% |
| Land and buildings | 22 | €188,702 | €209,934 | +€21,232 | +11.3% |
| Plant, machinery and equipment | 23 | €9,944 | - | -€9,944 | |
| Furniture and vehicles | 24 | €5,391 | €8,817 | +€3,425 | +63.5% |
| Current assets | 29/58 | €5,737 | €26,558 | +€20,822 | +363% |
| Amounts receivable within one year | 40/41 | - | €9,200 | +€9,200 | |
| Trade receivables | 40 | - | €9,200 | +€9,200 | |
| Cash at bank and in hand | 54/58 | €5,542 | €17,196 | +€11,654 | +210% |
| Deferred charges and accrued income | 490/1 | €195 | €163 | -€32 | -16.6% |
| Total equity and liabilities | 10/49 | €209,774 | €245,309 | +€35,535 | +16.9% |
| Equity | 10/15 | €8,557 | €18,726 | +€10,169 | +119% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €8,457 | €18,626 | +€10,169 | +120% |
| Distributable reserves | 133 | €8,457 | €18,626 | +€10,169 | +120% |
| Amounts payable | 17/49 | €201,217 | €226,583 | +€25,366 | +12.6% |
| Amounts payable after more than one year | 17 | €154,681 | €170,458 | +€15,777 | +10.2% |
| Financial debts | 170/4 | €154,681 | €170,458 | +€15,777 | +10.2% |
| Amounts payable within one year | 42/48 | €46,108 | €56,125 | +€10,017 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €4,517 | €7,917 | +€3,400 | +75.3% |
| Trade debts | 44 | €250 | €2,423 | +€2,173 | +869% |
| Suppliers | 440/4 | €250 | €2,423 | +€2,173 | +869% |
| Taxes, remuneration and social security | 45 | €6,156 | €7,393 | +€1,237 | +20.1% |
| Taxes | 450/3 | €4,656 | €5,893 | +€1,237 | +26.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €35,185 | €38,392 | +€3,208 | +9.1% |
| Accrued charges and deferred income | 492/3 | €429 | - | -€429 | |
| Non-recurring operating income | 76A | - | €8,556 | +€8,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,413 | €7,273 | -€31,139 | -81.1% |
| Other operating charges | 640/8 | €1,059 | €387 | -€672 | -63.4% |
| Gross operating margin | 9900 | €61,902 | €28,495 | -€33,407 | -54.0% |
| Operating profit (loss) | 9901 | €22,430 | €20,834 | -€1,596 | -7.1% |
| Financial charges | 65/66B | €9,211 | €5,307 | -€3,905 | -42.4% |
| Recurring financial charges | 65 | €9,211 | €5,307 | -€3,905 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €13,219 | €15,527 | +€2,309 | +17.5% |
| Income taxes | 67/77 | €3,903 | €4,525 | +€622 | +15.9% |
| Profit (loss) for the period | 9904 | €9,316 | €11,002 | +€1,686 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,316 | €11,002 | +€1,686 | +18.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.