Meredal: 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.
What changed
Meredal
NACE 87.301, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€185,241
2024 · €766,756-€581,515
Equity
€10.6m
2024 · €10.4m+€183,809
Cash
€1.3m
2024 · €2.9m-€1.6m
Balance sheet total
€20.6m
2024 · €21.3m-€675,858
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-55.3%), from €2.9m to €1.3m
mainly Current investments (-€1.6m) and Debts after one year (-€897,031)
- Current investments +€1.6m
up €1.6m (+63.3%), from €2.5m to €4.1m
- Tangible fixed assets -€651,853
down €651,853 (-4.3%), from €15.3m to €14.7m
of which Land and buildings: -€639,298
Equity and liabilities
- Debts after one year -€897,031
down €897,031 (-10.3%), from €8.7m to €7.8m
of which Financial debts: -€636,930
Income statement
- Staff costs +€697,589
up €697,589 (+11.6%), from €6.0m to €6.7m
- Turnover +€254,285
up €254,285 (+3.2%), from €8.0m to €8.2m
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.
Result 2024
€766,756
Turnover
+€254,285
Other operating income
-€29,638
Goods and materials
-€34,792
Services and other goods
+€43,074
Staff costs
-€697,589
Depreciation
+€73,918
Other operating charges
-€319
Other operating items
-€181,640
Financial income
-€24,266
Financial charges
+€16,444
Taxes
-€993
Result 2025
€185,241
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€914,240
Investment
-€1.6m
Financing
-€898,463
Cash 2024
€2.9m
From operations (derived)
+€914,240
Net result for the year
+€185,241
Depreciation
+€715,291
Receivables within one year
-€12,497
Deferred charges and accrued income
-€11,158
Debts within one year
+€32,751
Accrued charges and deferred income
+€4,613
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€62,922
Current investments
-€1.6m
Financing
-€898,463
Debts after one year
-€897,031
Contributions, distributions and other
-€1,432
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,266,694 | €20,590,835 | -€675,858 | -3.2% |
| Fixed assets | 21/28 | €15,333,418 | €14,681,050 | -€652,368 | -4.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €15,331,872 | €14,680,019 | -€651,853 | -4.3% |
| Land and buildings | 22 | €15,038,461 | €14,399,163 | -€639,298 | -4.3% |
| Plant, machinery and equipment | 23 | €205,003 | €174,188 | -€30,815 | -15.0% |
| Furniture and vehicles | 24 | €88,409 | €106,668 | +€18,259 | +20.7% |
| Financial fixed assets | 28 | €1,546 | €1,031 | -€515 | -33.3% |
| Other financial fixed assets | 284/8 | €1,546 | €1,031 | -€515 | -33.3% |
| Amounts receivable and cash guarantees | 285/8 | €1,546 | €1,031 | -€515 | -33.3% |
| Current assets | 29/58 | €5,933,275 | €5,909,785 | -€23,490 | -0.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €446,561 | €459,058 | +€12,497 | +2.8% |
| Trade receivables | 40 | €443,916 | €454,996 | +€11,080 | +2.5% |
| Other amounts receivable | 41 | €2,645 | €4,062 | +€1,417 | +53.6% |
| Current investments | 50/53 | €2,499,170 | €4,081,030 | +€1.6m | +63.3% |
| Cash at bank and in hand | 54/58 | €2,945,791 | €1,316,785 | -€1.6m | -55.3% |
| Deferred charges and accrued income | 490/1 | €41,753 | €52,912 | +€11,158 | +26.7% |
| Total equity and liabilities | 10/49 | €21,266,694 | €20,590,835 | -€675,858 | -3.2% |
| Equity | 10/15 | €10,402,887 | €10,586,696 | +€183,809 | +1.8% |
| Contributions | 10/11 | €2,905,934 | €2,905,934 | = | 0.0% |
| Capital | 10 | €2,905,934 | €2,905,934 | = | 0.0% |
| Reserves | 13 | €7,495,521 | €7,680,762 | +€185,241 | +2.5% |
| Investment grants | 15 | €1,432 | €0 | -€1,432 | -100% |
| Provisions and deferred taxes | 16 | €432,680 | €432,680 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €432,680 | €432,680 | = | 0.0% |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Major repairs and maintenance | 162 | €432,680 | €432,680 | = | 0.0% |
| Amounts payable | 17/49 | €10,431,127 | €9,571,459 | -€859,667 | -8.2% |
| Amounts payable after more than one year | 17 | €8,673,326 | €7,776,295 | -€897,031 | -10.3% |
| Financial debts | 170/4 | €7,455,943 | €6,819,012 | -€636,930 | -8.5% |
| Credit institutions | 173 | €7,455,943 | €6,819,012 | -€636,930 | -8.5% |
| Advances received on contracts in progress | 176 | €1,217,384 | €957,283 | -€260,101 | -21.4% |
| Amounts payable within one year | 42/48 | €1,721,568 | €1,754,319 | +€32,751 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €620,305 | €636,930 | +€16,625 | +2.7% |
| Trade debts | 44 | €241,332 | €154,845 | -€86,487 | -35.8% |
| Suppliers | 440/4 | €241,332 | €154,845 | -€86,487 | -35.8% |
| Taxes, remuneration and social security | 45 | €859,930 | €954,944 | +€95,014 | +11.0% |
| Taxes | 450/3 | €137,238 | €163,009 | +€25,771 | +18.8% |
| Remuneration and social security | 454/9 | €722,692 | €791,935 | +€69,243 | +9.6% |
| Accrued charges and deferred income | 492/3 | €36,233 | €40,845 | +€4,613 | +12.7% |
| Operating income | 70/76A | €9,388,410 | €9,464,409 | +€76,000 | +0.8% |
| Turnover | 70 | €7,969,825 | €8,224,110 | +€254,285 | +3.2% |
| Membership fees, donations, legacies and grants | 73 | €1,185,364 | €1,091,421 | -€93,943 | -7.9% |
| Other operating income | 74 | €178,506 | €148,869 | -€29,638 | -16.6% |
| Non-recurring operating income | 76A | €54,715 | €10 | -€54,705 | -100.0% |
| Operating charges | 60/66A | €8,441,483 | €9,090,183 | +€648,700 | +7.7% |
| Goods for resale, raw materials and consumables | 60 | €660,288 | €695,080 | +€34,792 | +5.3% |
| Purchases | 600/8 | €660,288 | €695,080 | +€34,792 | +5.3% |
| Services and other goods | 61 | €978,955 | €935,881 | -€43,074 | -4.4% |
| Remuneration, social security and pensions | 62 | €6,039,661 | €6,737,249 | +€697,589 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789,209 | €715,291 | -€73,918 | -9.4% |
| Other operating charges | 640/8 | €5,496 | €5,815 | +€319 | +5.8% |
| Non-recurring operating charges | 66A | €3,233 | €867 | -€2,366 | -73.2% |
| Operating profit (loss) | 9901 | €946,927 | €374,227 | -€572,700 | -60.5% |
| Financial income | 75/76B | €47,311 | €23,045 | -€24,266 | -51.3% |
| Recurring financial income | 75 | €47,311 | €23,045 | -€24,266 | -51.3% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €42,075 | €21,613 | -€20,463 | -48.6% |
| Other financial income | 752/9 | €5,236 | €1,432 | -€3,804 | -72.6% |
| Financial charges | 65/66B | €198,996 | €182,552 | -€16,444 | -8.3% |
| Recurring financial charges | 65 | €198,996 | €182,552 | -€16,444 | -8.3% |
| Debt charges | 650 | €197,542 | €181,172 | -€16,370 | -8.3% |
| Other financial charges | 652/9 | €1,454 | €1,380 | -€74 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €795,242 | €214,719 | -€580,523 | -73.0% |
| Income taxes | 67/77 | €28,486 | €29,479 | +€993 | +3.5% |
| Taxes | 670/3 | €28,486 | €29,479 | +€993 | +3.5% |
| Profit (loss) for the period | 9904 | €766,756 | €185,241 | -€581,515 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €766,756 | €185,241 | -€581,515 | -75.8% |
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 16 October 2026 via checked.be.