MERIDIEN: 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.
MERIDIEN
Largest movements
- Current investments +€1.2m
up €1.2m (+27,834%), from €4,366 to €1.2m
- Cash -€952,104
down €952,104 (-53.2%), from €1.8m to €837,611
mainly Current investments (-€1.2m) and Stocks and contracts (-€29,500)
- Stocks and contracts +€29,500
up €29,500 (+29.6%), from €99,800 to €129,301
- Reserves +€248,705
up €248,705 (+13.2%), from €1.9m to €2.1m
- Gross operating margin -€38,968
down €38,968 (-8.3%), from €470,593 to €431,624
- Staff costs +€8,499
up €8,499 (+13.7%), from €61,973 to €70,472
- Financial income +€6,984
up €6,984 (+21.6%), from €32,397 to €39,381
- Taxes -€6,935
down €6,935 (-5.5%), from €126,560 to €119,625
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 | €1,961,026 | €2,232,923 | +€271,898 | +13.9% |
| Fixed assets | 21/28 | €66,079 | €44,452 | -€21,627 | -32.7% |
| Tangible fixed assets | 22/27 | €65,992 | €44,365 | -€21,627 | -32.8% |
| Plant, machinery and equipment | 23 | €2,846 | €2,002 | -€844 | -29.7% |
| Furniture and vehicles | 24 | €63,146 | €42,363 | -€20,783 | -32.9% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €1,894,947 | €2,188,471 | +€293,525 | +15.5% |
| Stocks and contracts in progress | 3 | €99,800 | €129,301 | +€29,500 | +29.6% |
| Stocks | 30/36 | €99,800 | €129,301 | +€29,500 | +29.6% |
| Amounts receivable within one year | 40/41 | €716 | €682 | -€33 | -4.7% |
| Other amounts receivable | 41 | €716 | €682 | -€33 | -4.7% |
| Current investments | 50/53 | €4,366 | €1,219,724 | +€1.2m | +27,834% |
| Cash at bank and in hand | 54/58 | €1,789,715 | €837,611 | -€952,104 | -53.2% |
| Deferred charges and accrued income | 490/1 | €349 | €1,154 | +€805 | +230% |
| Total equity and liabilities | 10/49 | €1,961,026 | €2,232,923 | +€271,898 | +13.9% |
| Equity | 10/15 | €1,885,691 | €2,134,395 | +€248,705 | +13.2% |
| Contributions | 10/11 | €210 | €210 | = | 0.0% |
| Reserves | 13 | €1,885,481 | €2,134,185 | +€248,705 | +13.2% |
| Distributable reserves | 133 | €1,885,481 | €2,134,185 | +€248,705 | +13.2% |
| Amounts payable | 17/49 | €75,335 | €98,528 | +€23,193 | +30.8% |
| Amounts payable within one year | 42/48 | €75,335 | €98,528 | +€23,193 | +30.8% |
| Trade debts | 44 | €6,280 | €8,945 | +€2,665 | +42.4% |
| Suppliers | 440/4 | €6,280 | €8,945 | +€2,665 | +42.4% |
| Taxes, remuneration and social security | 45 | €69,055 | €89,583 | +€20,528 | +29.7% |
| Taxes | 450/3 | €64,055 | €84,067 | +€20,012 | +31.2% |
| Remuneration and social security | 454/9 | €5,000 | €5,516 | +€516 | +10.3% |
| Remuneration, social security and pensions | 62 | €61,973 | €70,472 | +€8,499 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,276 | €21,627 | +€352 | +1.7% |
| Other operating charges | 640/8 | €4,571 | €4,731 | +€160 | +3.5% |
| Gross operating margin | 9900 | €470,593 | €431,624 | -€38,968 | -8.3% |
| Operating profit (loss) | 9901 | €382,774 | €334,794 | -€47,980 | -12.5% |
| Financial income | 75/76B | €32,397 | €39,381 | +€6,984 | +21.6% |
| Recurring financial income | 75 | €32,397 | €39,381 | +€6,984 | +21.6% |
| Financial charges | 65/66B | €5,322 | €5,846 | +€524 | +9.8% |
| Recurring financial charges | 65 | €5,322 | €5,846 | +€524 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €409,849 | €368,329 | -€41,520 | -10.1% |
| Income taxes | 67/77 | €126,560 | €119,625 | -€6,935 | -5.5% |
| Profit (loss) for the period | 9904 | €283,289 | €248,705 | -€34,584 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €283,289 | €248,705 | -€34,584 | -12.2% |
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 30 October 2026 via checked.be.