Meras: 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.
Meras
Largest movements
- Receivables within one year +€199,618
up €199,618 (+294.3%), from €67,828 to €267,447
of which Trade receivables: +€169,346
- Deferred charges and accrued income +€22,423
up €22,423 (+305.1%), from €7,349 to €29,771
- Cash +€11,056
up €11,056 (+7.9%), from €139,677 to €150,733
mainly Net result for the year (+€127,494) and Trade debts (+€99,306)
- Stocks and contracts -€5,899
down €5,899 (-18.9%), from €31,138 to €25,239
- Trade debts +€99,306
up €99,306 (+272.8%), from €36,397 to €135,702
- Other debts +€94,695
up €94,695 (+50.4%), from €187,717 to €282,412
- Current portion of long-term debt +€22,134
up €22,134 (+526.5%), from €4,204 to €26,338
- Tax, wage and social debts +€10,229
up €10,229 (+88.2%), from €11,595 to €21,824
- Gross operating margin +€90,698
up €90,698 (+99.7%), from €90,999 to €181,698
- Taxes +€25,881
up €25,881 (+170.2%), from €15,206 to €41,087
- Other operating charges -€2,044
down €2,044 (-89.2%), from €2,292 to €248
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 | €273,468 | €497,050 | +€223,582 | +81.8% |
| Fixed assets | 21/28 | €27,475 | €23,860 | -€3,616 | -13.2% |
| Tangible fixed assets | 22/27 | €27,475 | €23,860 | -€3,616 | -13.2% |
| Land and buildings | 22 | €1,100 | €883 | -€216 | -19.7% |
| Plant, machinery and equipment | 23 | €23,922 | €21,445 | -€2,477 | -10.4% |
| Furniture and vehicles | 24 | €2,454 | €1,531 | -€922 | -37.6% |
| Current assets | 29/58 | €245,992 | €473,190 | +€227,198 | +92.4% |
| Stocks and contracts in progress | 3 | €31,138 | €25,239 | -€5,899 | -18.9% |
| Stocks | 30/36 | €31,138 | €25,239 | -€5,899 | -18.9% |
| Amounts receivable within one year | 40/41 | €67,828 | €267,447 | +€199,618 | +294.3% |
| Trade receivables | 40 | €51,155 | €220,500 | +€169,346 | +331.0% |
| Other amounts receivable | 41 | €16,674 | €46,946 | +€30,273 | +181.6% |
| Cash at bank and in hand | 54/58 | €139,677 | €150,733 | +€11,056 | +7.9% |
| Deferred charges and accrued income | 490/1 | €7,349 | €29,771 | +€22,423 | +305.1% |
| Total equity and liabilities | 10/49 | €273,468 | €497,050 | +€223,582 | +81.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €253,008 | €476,590 | +€223,582 | +88.4% |
| Amounts payable after more than one year | 17 | €12,260 | €8,839 | -€3,421 | -27.9% |
| Financial debts | 170/4 | €12,260 | €8,839 | -€3,421 | -27.9% |
| Amounts payable within one year | 42/48 | €239,912 | €466,276 | +€226,364 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €4,204 | €26,338 | +€22,134 | +526.5% |
| Trade debts | 44 | €36,397 | €135,702 | +€99,306 | +272.8% |
| Suppliers | 440/4 | €36,397 | €135,702 | +€99,306 | +272.8% |
| Taxes, remuneration and social security | 45 | €11,595 | €21,824 | +€10,229 | +88.2% |
| Taxes | 450/3 | €11,595 | €21,824 | +€10,229 | +88.2% |
| Other amounts payable | 47/48 | €187,717 | €282,412 | +€94,695 | +50.4% |
| Accrued charges and deferred income | 492/3 | €836 | €1,475 | +€639 | +76.5% |
| Non-recurring operating income | 76A | €6,561 | €6,855 | +€294 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,315 | €10,866 | -€1,448 | -11.8% |
| Other operating charges | 640/8 | €2,292 | €248 | -€2,044 | -89.2% |
| Gross operating margin | 9900 | €90,999 | €181,698 | +€90,698 | +99.7% |
| Operating profit (loss) | 9901 | €76,393 | €170,583 | +€94,191 | +123.3% |
| Financial income | 75/76B | €921 | €1,257 | +€336 | +36.5% |
| Recurring financial income | 75 | €921 | €1,257 | +€336 | +36.5% |
| Financial charges | 65/66B | €3,368 | €3,259 | -€109 | -3.2% |
| Recurring financial charges | 65 | €3,368 | €3,259 | -€109 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €73,946 | €168,581 | +€94,635 | +128.0% |
| Income taxes | 67/77 | €15,206 | €41,087 | +€25,881 | +170.2% |
| Profit (loss) for the period | 9904 | €58,740 | €127,494 | +€68,754 | +117.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,740 | €127,494 | +€68,754 | +117.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.