MERIDIANS: 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.
MERIDIANS
Largest movements
- Cash -€24,444
down €24,444 (-47.8%), from €51,185 to €26,741
mainly Trade debts (-€60,965) and Deferred charges and accrued income (-€520)
- Receivables within one year -€19,602
down €19,602 (-53.5%), from €36,614 to €17,011
of which Other amounts receivable: -€17,813
- Trade debts -€60,965
down €60,965 (-99.2%), from €61,429 to €463
- Profit (loss) carried forward +€14,655
up €14,655 (+679.1%), from €2,158 to €16,812
- Tax, wage and social debts +€2,785
up €2,785 (+289.5%), from €962 to €3,747
- Taxes +€3,747
up €3,747, from €0 to €3,747
- Gross operating margin -€354
down €354 (-1.8%), from €19,200 to €18,846
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 | €88,548 | €45,022 | -€43,526 | -49.2% |
| Current assets | 29/58 | €88,548 | €45,022 | -€43,526 | -49.2% |
| Amounts receivable within one year | 40/41 | €36,614 | €17,011 | -€19,602 | -53.5% |
| Trade receivables | 40 | €18,594 | €16,804 | -€1,790 | -9.6% |
| Other amounts receivable | 41 | €18,020 | €207 | -€17,813 | -98.8% |
| Cash at bank and in hand | 54/58 | €51,185 | €26,741 | -€24,444 | -47.8% |
| Deferred charges and accrued income | 490/1 | €750 | €1,270 | +€520 | +69.3% |
| Total equity and liabilities | 10/49 | €88,548 | €45,022 | -€43,526 | -49.2% |
| Equity | 10/15 | €26,158 | €40,812 | +€14,655 | +56.0% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,158 | €16,812 | +€14,655 | +679.1% |
| Amounts payable | 17/49 | €62,391 | €4,210 | -€58,181 | -93.3% |
| Amounts payable within one year | 42/48 | €62,391 | €4,210 | -€58,181 | -93.3% |
| Trade debts | 44 | €61,429 | €463 | -€60,965 | -99.2% |
| Suppliers | 440/4 | €61,429 | €463 | -€60,965 | -99.2% |
| Taxes, remuneration and social security | 45 | €962 | €3,747 | +€2,785 | +289.5% |
| Taxes | 450/3 | €962 | €3,747 | +€2,785 | +289.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €20,000 | €0 | -€20,000 | -100.0% |
| Gross operating margin | 9900 | €19,200 | €18,846 | -€354 | -1.8% |
| Operating profit (loss) | 9901 | -€1,187 | €18,446 | +€19,633 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,231 | €18,401 | +€19,632 | |
| Income taxes | 67/77 | €0 | €3,747 | +€3,747 | |
| Profit (loss) for the period | 9904 | -€1,231 | €14,655 | +€15,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,231 | €14,655 | +€15,885 |
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 7 October 2026 via checked.be.