MERIDIAN PROPERTIES: 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.
MERIDIAN PROPERTIES
Largest movements
- Financial fixed assets -€263,373
down €263,373 (-21.9%), from €1.2m to €937,354
- Cash +€219,821
up €219,821 (+883%), from €24,892 to €244,713
mainly Investment in fixed assets (net) (+€263,373) and Depreciation (+€98,589)
- Tangible fixed assets -€98,589
down €98,589 (-3.6%), from €2.7m to €2.6m
of which Land and buildings: -€86,472
- Other debts -€146,236
down €146,236 (-4.2%), from €3.5m to €3.4m
- Gross operating margin -€167,386
down €167,386 (-51.6%), from €324,203 to €156,817
- Financial income -€81,429
down €81,429 (-99.0%), from €82,286 to €858
- Taxes -€37,005
down €37,005 (-77.5%), from €47,768 to €10,763
- Other operating charges -€16,225
down €16,225 (-46.3%), from €35,027 to €18,802
- Financial charges -€14,517
down €14,517 (-72.8%), from €19,938 to €5,421
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,075,822 | €3,953,445 | -€122,377 | -3.0% |
| Fixed assets | 21/28 | €3,926,601 | €3,564,639 | -€361,962 | -9.2% |
| Tangible fixed assets | 22/27 | €2,725,874 | €2,627,285 | -€98,589 | -3.6% |
| Land and buildings | 22 | €2,692,873 | €2,606,401 | -€86,472 | -3.2% |
| Plant, machinery and equipment | 23 | €7,169 | €4,122 | -€3,048 | -42.5% |
| Furniture and vehicles | 24 | €25,832 | €16,762 | -€9,070 | -35.1% |
| Financial fixed assets | 28 | €1,200,727 | €937,354 | -€263,373 | -21.9% |
| Current assets | 29/58 | €149,222 | €388,807 | +€239,585 | +161% |
| Amounts receivable within one year | 40/41 | €122,132 | €142,395 | +€20,263 | +16.6% |
| Trade receivables | 40 | €1,834 | €1,997 | +€163 | +8.9% |
| Other amounts receivable | 41 | €120,298 | €140,398 | +€20,100 | +16.7% |
| Cash at bank and in hand | 54/58 | €24,892 | €244,713 | +€219,821 | +883% |
| Deferred charges and accrued income | 490/1 | €2,198 | €1,699 | -€498 | -22.7% |
| Total equity and liabilities | 10/49 | €4,075,822 | €3,953,445 | -€122,377 | -3.0% |
| Equity | 10/15 | €378,404 | €402,503 | +€24,099 | +6.4% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Contributions outside capital | 11 | €162,000 | €162,000 | = | 0.0% |
| Other | 1109/19 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €17,913 | €17,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €1,713 | €1,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,491 | €222,590 | +€24,099 | +12.1% |
| Amounts payable | 17/49 | €3,697,418 | €3,550,942 | -€146,476 | -4.0% |
| Amounts payable after more than one year | 17 | €27,370 | €20,703 | -€6,667 | -24.4% |
| Financial debts | 170/4 | €27,370 | €20,703 | -€6,667 | -24.4% |
| Amounts payable within one year | 42/48 | €3,670,048 | €3,530,239 | -€139,809 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €6,667 | = | 0.0% |
| Financial debts | 43 | €99,103 | €99,103 | = | 0.0% |
| Credit institutions | 430/8 | €99,103 | €99,103 | = | 0.0% |
| Trade debts | 44 | €5,199 | €1,392 | -€3,808 | -73.2% |
| Suppliers | 440/4 | €5,199 | €1,392 | -€3,808 | -73.2% |
| Taxes, remuneration and social security | 45 | €47,815 | €58,049 | +€10,234 | +21.4% |
| Taxes | 450/3 | €47,815 | €58,049 | +€10,234 | +21.4% |
| Other amounts payable | 47/48 | €3,511,265 | €3,365,029 | -€146,236 | -4.2% |
| Non-recurring operating income | 76A | €205,700 | - | -€205,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,060 | €98,589 | -€2,470 | -2.4% |
| Other operating charges | 640/8 | €35,027 | €18,802 | -€16,225 | -46.3% |
| Gross operating margin | 9900 | €324,203 | €156,817 | -€167,386 | -51.6% |
| Operating profit (loss) | 9901 | €188,117 | €39,426 | -€148,691 | -79.0% |
| Financial income | 75/76B | €82,286 | €858 | -€81,429 | -99.0% |
| Recurring financial income | 75 | €82,286 | €858 | -€81,429 | -99.0% |
| Financial charges | 65/66B | €19,938 | €5,421 | -€14,517 | -72.8% |
| Recurring financial charges | 65 | €19,938 | €5,421 | -€14,517 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | €250,465 | €34,862 | -€215,603 | -86.1% |
| Income taxes | 67/77 | €47,768 | €10,763 | -€37,005 | -77.5% |
| Profit (loss) for the period | 9904 | €202,697 | €24,099 | -€178,598 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €202,697 | €24,099 | -€178,598 | -88.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.