METEOOR: 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.
METEOOR
Largest movements
- Receivables within one year -€104,766
down €104,766 (-60.5%), from €173,293 to €68,527
of which Trade receivables: -€98,744
- Tangible fixed assets -€11,584
down €11,584 (-61.9%), from €18,712 to €7,128
of which Furniture and vehicles: -€11,329
- Stocks and contracts +€9,768
up €9,768 (+4.2%), from €233,445 to €243,213
- Cash -€8,947
down €8,947 (-2.3%), from €382,048 to €373,101
mainly Contributions, distributions and other (-€200,000) and Advances received (-€88,679)
- Reserves +€103,481
up €103,481 (+39.2%), from €264,212 to €367,693
- Advances received -€88,679
no longer reported in 2025 (was €88,679)
- Other debts -€88,265
down €88,265 (-28.9%), from €305,258 to €216,992
- Trade debts -€61,189
down €61,189 (-50.0%), from €122,331 to €61,141
- Tax, wage and social debts +€17,656
up €17,656 (+178.6%), from €9,886 to €27,542
of which Taxes: +€15,509
- Gross operating margin -€48,832
down €48,832 (-9.6%), from €508,798 to €459,966
- Staff costs +€17,601
up €17,601 (+54.2%), from €32,480 to €50,081
- Taxes -€16,305
down €16,305 (-14.6%), from €111,403 to €95,099
- Financial income +€9,156
up €9,156 (+35.7%), from €25,648 to €34,804
- Financial charges +€8,768
up €8,768 (+39.4%), from €22,251 to €31,019
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 | €808,966 | €691,969 | -€116,997 | -14.5% |
| Fixed assets | 21/28 | €20,181 | €7,128 | -€13,053 | -64.7% |
| Intangible fixed assets | 21 | €1,469 | - | -€1,469 | |
| Tangible fixed assets | 22/27 | €18,712 | €7,128 | -€11,584 | -61.9% |
| Plant, machinery and equipment | 23 | €752 | €497 | -€255 | -34.0% |
| Furniture and vehicles | 24 | €17,960 | €6,631 | -€11,329 | -63.1% |
| Current assets | 29/58 | €788,786 | €684,841 | -€103,945 | -13.2% |
| Stocks and contracts in progress | 3 | €233,445 | €243,213 | +€9,768 | +4.2% |
| Stocks | 30/36 | €233,445 | €243,213 | +€9,768 | +4.2% |
| Amounts receivable within one year | 40/41 | €173,293 | €68,527 | -€104,766 | -60.5% |
| Trade receivables | 40 | €157,748 | €59,004 | -€98,744 | -62.6% |
| Other amounts receivable | 41 | €15,545 | €9,524 | -€6,021 | -38.7% |
| Cash at bank and in hand | 54/58 | €382,048 | €373,101 | -€8,947 | -2.3% |
| Total equity and liabilities | 10/49 | €808,966 | €691,969 | -€116,997 | -14.5% |
| Equity | 10/15 | €282,812 | €386,293 | +€103,481 | +36.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,212 | €367,693 | +€103,481 | +39.2% |
| Distributable reserves | 133 | €264,212 | €367,693 | +€103,481 | +39.2% |
| Amounts payable | 17/49 | €526,154 | €305,676 | -€220,478 | -41.9% |
| Amounts payable within one year | 42/48 | €526,154 | €305,676 | -€220,478 | -41.9% |
| Trade debts | 44 | €122,331 | €61,141 | -€61,189 | -50.0% |
| Suppliers | 440/4 | €122,331 | €61,141 | -€61,189 | -50.0% |
| Advances received on contracts in progress | 46 | €88,679 | - | -€88,679 | |
| Taxes, remuneration and social security | 45 | €9,886 | €27,542 | +€17,656 | +178.6% |
| Taxes | 450/3 | €2,994 | €18,503 | +€15,509 | +518.0% |
| Remuneration and social security | 454/9 | €6,892 | €9,039 | +€2,147 | +31.2% |
| Other amounts payable | 47/48 | €305,258 | €216,992 | -€88,265 | -28.9% |
| Remuneration, social security and pensions | 62 | €32,480 | €50,081 | +€17,601 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,993 | €14,289 | -€704 | -4.7% |
| Other operating charges | 640/8 | €937 | €801 | -€136 | -14.5% |
| Gross operating margin | 9900 | €508,798 | €459,966 | -€48,832 | -9.6% |
| Operating profit (loss) | 9901 | €460,388 | €394,794 | -€65,594 | -14.2% |
| Financial income | 75/76B | €25,648 | €34,804 | +€9,156 | +35.7% |
| Recurring financial income | 75 | €25,648 | €34,804 | +€9,156 | +35.7% |
| Financial charges | 65/66B | €22,251 | €31,019 | +€8,768 | +39.4% |
| Recurring financial charges | 65 | €22,251 | €31,019 | +€8,768 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €463,785 | €398,579 | -€65,206 | -14.1% |
| Income taxes | 67/77 | €111,403 | €95,099 | -€16,305 | -14.6% |
| Profit (loss) for the period | 9904 | €352,382 | €303,481 | -€48,902 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €352,382 | €303,481 | -€48,902 | -13.9% |
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 11 October 2026 via checked.be.