MERIDIES: 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.
MERIDIES
Largest movements
- Tangible fixed assets +€526,674
up €526,674 (+681%), from €77,348 to €604,022
of which Land and buildings: +€487,018
- Cash +€41,802
new in 2025: €41,802
mainly Contributions, distributions and other (+€500,000) and Debts after one year (+€165,000)
- Receivables within one year -€19,245
down €19,245 (-49.0%), from €39,246 to €20,001
of which Trade receivables: -€20,661
- Revaluation surpluses +€500,000
new in 2025: €500,000
- Debts after one year +€165,000
new in 2025: €165,000
- Current portion of long-term debt -€165,000
no longer reported in 2025 (was €165,000)
- Other debts +€55,724
up €55,724 (+3,688%), from €1,511 to €57,235
- Profit (loss) carried forward -€28,710
down €28,710 (-24.5%), from -€117,374 to -€146,084
- Other operating charges +€4,963
up €4,963 (+168%), from €2,945 to €7,908
- Depreciation +€1,066
up €1,066 (+6.1%), from €17,582 to €18,648
- Financial charges +€277
up €277 (+3.8%), from €7,262 to €7,539
- Taxes -€164
no longer reported in 2025 (was €164)
- Gross operating margin -€65
down €65 (-1.2%), from €5,334 to €5,269
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 | €116,593 | €665,824 | +€549,231 | +471% |
| Fixed assets | 21/28 | €77,348 | €604,022 | +€526,674 | +681% |
| Tangible fixed assets | 22/27 | €77,348 | €604,022 | +€526,674 | +681% |
| Land and buildings | 22 | €49,720 | €536,739 | +€487,018 | +980% |
| Furniture and vehicles | 24 | €27,627 | €67,283 | +€39,656 | +144% |
| Current assets | 29/58 | €39,246 | €61,802 | +€22,557 | +57.5% |
| Amounts receivable within one year | 40/41 | €39,246 | €20,001 | -€19,245 | -49.0% |
| Trade receivables | 40 | €39,246 | €18,584 | -€20,661 | -52.6% |
| Other amounts receivable | 41 | - | €1,416 | +€1,416 | |
| Cash at bank and in hand | 54/58 | - | €41,802 | +€41,802 | |
| Total equity and liabilities | 10/49 | €116,593 | €665,824 | +€549,231 | +471% |
| Equity | 10/15 | -€55,401 | €415,889 | +€471,290 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | - | €500,000 | +€500,000 | |
| Profit (loss) carried forward | 14 | -€117,374 | -€146,084 | -€28,710 | -24.5% |
| Amounts payable | 17/49 | €171,994 | €249,935 | +€77,941 | +45.3% |
| Amounts payable after more than one year | 17 | - | €165,000 | +€165,000 | |
| Financial debts | 170/4 | - | €165,000 | +€165,000 | |
| Amounts payable within one year | 42/48 | €171,994 | €84,935 | -€87,059 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €165,000 | - | -€165,000 | |
| Trade debts | 44 | €5,483 | €27,700 | +€22,217 | +405% |
| Suppliers | 440/4 | €5,483 | €27,700 | +€22,217 | +405% |
| Other amounts payable | 47/48 | €1,511 | €57,235 | +€55,724 | +3,688% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,582 | €18,648 | +€1,066 | +6.1% |
| Other operating charges | 640/8 | €2,945 | €7,908 | +€4,963 | +168% |
| Gross operating margin | 9900 | €5,334 | €5,269 | -€65 | -1.2% |
| Operating profit (loss) | 9901 | -€15,194 | -€21,287 | -€6,093 | -40.1% |
| Financial income | 75/76B | €177 | €116 | -€61 | -34.3% |
| Recurring financial income | 75 | €177 | €116 | -€61 | -34.3% |
| Financial charges | 65/66B | €7,262 | €7,539 | +€277 | +3.8% |
| Recurring financial charges | 65 | €7,262 | €7,539 | +€277 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,278 | -€28,710 | -€6,432 | -28.9% |
| Income taxes | 67/77 | €164 | - | -€164 | |
| Profit (loss) for the period | 9904 | -€22,443 | -€28,710 | -€6,267 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,443 | -€28,710 | -€6,267 | -27.9% |
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 1 November 2026 via checked.be.