MERIDOR: 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.
MERIDOR
Largest movements
- Cash +€14,500
up €14,500 (+1063.5%), from €1,363 to €15,863
mainly Other debts (+€6,151) and Trade debts (+€3,511)
- Tangible fixed assets -€1,408
down €1,408 (-14.2%), from €9,952 to €8,544
of which Furniture and vehicles: -€1,408
- Stocks and contracts -€1,120
down €1,120 (-7.2%), from €15,550 to €14,430
- Other debts +€6,151
up €6,151 (+8.9%), from €68,743 to €74,894
- Trade debts +€3,511
up €3,511 (+613.8%), from €572 to €4,082
- Profit (loss) carried forward +€1,906
up €1,906 (+3.3%), from -€57,645 to -€55,739
- Tax, wage and social debts +€557
new in 2025: €557
- Gross operating margin +€21,936
up €21,936, from -€15,957 to €5,980
- Financial charges +€668
up €668 (+124.1%), from €539 to €1,207
- Other operating charges +€420
up €420 (+108.5%), from €387 to €808
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 | €30,270 | €42,394 | +€12,125 | +40.1% |
| Fixed assets | 21/28 | €9,952 | €8,544 | -€1,408 | -14.2% |
| Tangible fixed assets | 22/27 | €9,952 | €8,544 | -€1,408 | -14.2% |
| Furniture and vehicles | 24 | €7,713 | €6,305 | -€1,408 | -18.3% |
| Other tangible fixed assets | 26 | €2,239 | €2,239 | = | 0.0% |
| Current assets | 29/58 | €20,318 | €33,851 | +€13,533 | +66.6% |
| Stocks and contracts in progress | 3 | €15,550 | €14,430 | -€1,120 | -7.2% |
| Stocks | 30/36 | €15,550 | €14,430 | -€1,120 | -7.2% |
| Amounts receivable within one year | 40/41 | €3,404 | €3,557 | +€153 | +4.5% |
| Other amounts receivable | 41 | €3,404 | €3,557 | +€153 | +4.5% |
| Cash at bank and in hand | 54/58 | €1,363 | €15,863 | +€14,500 | +1063.5% |
| Total equity and liabilities | 10/49 | €30,270 | €42,394 | +€12,125 | +40.1% |
| Equity | 10/15 | -€39,045 | -€37,139 | +€1,906 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,645 | -€55,739 | +€1,906 | +3.3% |
| Amounts payable | 17/49 | €69,315 | €79,533 | +€10,218 | +14.7% |
| Amounts payable within one year | 42/48 | €69,315 | €79,533 | +€10,218 | +14.7% |
| Trade debts | 44 | €572 | €4,082 | +€3,511 | +613.8% |
| Suppliers | 440/4 | €572 | €4,082 | +€3,511 | +613.8% |
| Taxes, remuneration and social security | 45 | - | €557 | +€557 | |
| Taxes | 450/3 | - | €557 | +€557 | |
| Other amounts payable | 47/48 | €68,743 | €74,894 | +€6,151 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €2,058 | +€130 | +6.7% |
| Other operating charges | 640/8 | €387 | €808 | +€420 | +108.5% |
| Gross operating margin | 9900 | -€15,957 | €5,980 | +€21,936 | |
| Operating profit (loss) | 9901 | -€18,273 | €3,114 | +€21,386 | |
| Financial charges | 65/66B | €539 | €1,207 | +€668 | +124.1% |
| Recurring financial charges | 65 | €539 | €1,207 | +€668 | +124.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,811 | €1,906 | +€20,718 | |
| Profit (loss) for the period | 9904 | -€18,811 | €1,906 | +€20,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,811 | €1,906 | +€20,718 |
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 30 September 2026 via checked.be.