Merydian: 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.
Merydian
Largest movements
- Intangible fixed assets -€39,000
down €39,000 (-43.9%), from €88,833 to €49,833
- Cash -€35,740
down €35,740 (-17.2%), from €207,610 to €171,870
mainly Current investments (-€29,357) and Receivables within one year (-€29,239)
- Current investments +€29,357
new in 2025: €29,357
- Receivables within one year +€29,239
up €29,239 (+42.8%), from €68,323 to €97,562
- Tangible fixed assets +€9,157
up €9,157 (+54.6%), from €16,771 to €25,929
of which Furniture and vehicles: +€7,516
- Accrued charges and deferred income -€11,626
down €11,626 (-100%), from €11,626 to €0
- Tax, wage and social debts +€8,062
up €8,062 (+10.3%), from €78,618 to €86,680
of which Taxes: +€16,672
- Gross operating margin +€219,536
up €219,536 (+60.5%), from €362,984 to €582,520
- Staff costs +€107,105
up €107,105 (+25.7%), from €417,390 to €524,495
- Depreciation -€6,921
down €6,921 (-12.7%), from €54,486 to €47,565
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 | €383,308 | €378,482 | -€4,825 | -1.3% |
| Fixed assets | 21/28 | €105,655 | €77,604 | -€28,050 | -26.5% |
| Intangible fixed assets | 21 | €88,833 | €49,833 | -€39,000 | -43.9% |
| Tangible fixed assets | 22/27 | €16,771 | €25,929 | +€9,157 | +54.6% |
| Plant, machinery and equipment | 23 | - | €3,177 | +€3,177 | |
| Furniture and vehicles | 24 | €10,631 | €18,147 | +€7,516 | +70.7% |
| Other tangible fixed assets | 26 | €6,140 | €4,605 | -€1,535 | -25.0% |
| Financial fixed assets | 28 | €50 | €1,842 | +€1,792 | +3,585% |
| Current assets | 29/58 | €277,653 | €300,878 | +€23,225 | +8.4% |
| Amounts receivable within one year | 40/41 | €68,323 | €97,562 | +€29,239 | +42.8% |
| Trade receivables | 40 | €68,323 | €97,562 | +€29,239 | +42.8% |
| Current investments | 50/53 | - | €29,357 | +€29,357 | |
| Cash at bank and in hand | 54/58 | €207,610 | €171,870 | -€35,740 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,720 | €2,089 | +€369 | +21.4% |
| Total equity and liabilities | 10/49 | €383,308 | €378,482 | -€4,825 | -1.3% |
| Equity | 10/15 | €260,236 | €261,345 | +€1,108 | +0.4% |
| Contributions | 10/11 | €90,600 | €90,600 | = | 0.0% |
| Contributions outside capital | 11 | €90,600 | €90,600 | = | 0.0% |
| Other | 1109/19 | €90,600 | €90,600 | = | 0.0% |
| Reserves | 13 | €9,060 | €9,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,060 | €9,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,060 | €9,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,576 | €161,685 | +€1,108 | +0.7% |
| Amounts payable | 17/49 | €123,072 | €117,138 | -€5,934 | -4.8% |
| Amounts payable within one year | 42/48 | €111,445 | €117,138 | +€5,693 | +5.1% |
| Trade debts | 44 | €28,324 | €27,675 | -€649 | -2.3% |
| Suppliers | 440/4 | €28,324 | €27,675 | -€649 | -2.3% |
| Taxes, remuneration and social security | 45 | €78,618 | €86,680 | +€8,062 | +10.3% |
| Taxes | 450/3 | €29,314 | €45,986 | +€16,672 | +56.9% |
| Remuneration and social security | 454/9 | €49,304 | €40,694 | -€8,610 | -17.5% |
| Other amounts payable | 47/48 | €4,503 | €2,783 | -€1,720 | -38.2% |
| Accrued charges and deferred income | 492/3 | €11,626 | €0 | -€11,626 | -100% |
| Remuneration, social security and pensions | 62 | €417,390 | €524,495 | +€107,105 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,486 | €47,565 | -€6,921 | -12.7% |
| Other operating charges | 640/8 | €10,156 | €9,099 | -€1,058 | -10.4% |
| Gross operating margin | 9900 | €362,984 | €582,520 | +€219,536 | +60.5% |
| Operating profit (loss) | 9901 | -€119,049 | €1,361 | +€120,410 | |
| Financial income | 75/76B | €73 | €0 | -€73 | -100% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100% |
| Financial charges | 65/66B | €307 | €140 | -€167 | -54.4% |
| Recurring financial charges | 65 | €307 | €140 | -€167 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€119,283 | €1,221 | +€120,504 | |
| Income taxes | 67/77 | €3,638 | €113 | -€3,525 | -96.9% |
| Profit (loss) for the period | 9904 | -€122,921 | €1,108 | +€124,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,921 | €1,108 | +€124,029 |
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 21 October 2026 via checked.be.