MEUBELARK: 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.
MEUBELARK
Largest movements
- Stocks and contracts +€122,530
up €122,530 (+41.6%), from €294,240 to €416,770
- Tangible fixed assets -€26,662
down €26,662 (-6.4%), from €418,795 to €392,133
of which Land and buildings: -€14,005
- Advances received -€93,053
down €93,053 (-71.3%), from €130,451 to €37,398
- Short-term financial debts +€75,000
new in 2025: €75,000
- Profit (loss) carried forward +€41,857
up €41,857 (+22.8%), from €183,691 to €225,548
- Other debts +€25,000
new in 2025: €25,000
- Debts after one year +€14,971
up €14,971 (+4.0%), from €371,737 to €386,708
- Gross operating margin +€28,498
up €28,498 (+19.8%), from €144,166 to €172,664
- Staff costs +€19,626
up €19,626 (+45.4%), from €43,258 to €62,884
- Taxes +€15,509
up €15,509 (+554.6%), from €2,797 to €18,306
- Financial charges -€3,813
down €3,813 (-15.3%), from €24,993 to €21,180
- Other operating charges -€2,569
down €2,569 (-59.1%), from €4,345 to €1,776
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 | €796,511 | €894,046 | +€97,535 | +12.2% |
| Fixed assets | 21/28 | €418,795 | €392,133 | -€26,662 | -6.4% |
| Tangible fixed assets | 22/27 | €418,795 | €392,133 | -€26,662 | -6.4% |
| Land and buildings | 22 | €406,138 | €392,133 | -€14,005 | -3.4% |
| Furniture and vehicles | 24 | €8,844 | - | -€8,844 | |
| Leasing and similar rights | 25 | €3,813 | - | -€3,813 | |
| Current assets | 29/58 | €377,717 | €501,913 | +€124,196 | +32.9% |
| Stocks and contracts in progress | 3 | €294,240 | €416,770 | +€122,530 | +41.6% |
| Stocks | 30/36 | €294,240 | €416,770 | +€122,530 | +41.6% |
| Amounts receivable within one year | 40/41 | €29,569 | €22,259 | -€7,310 | -24.7% |
| Trade receivables | 40 | €7,310 | - | -€7,310 | |
| Other amounts receivable | 41 | €22,259 | €22,259 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,270 | €57,628 | +€7,357 | +14.6% |
| Deferred charges and accrued income | 490/1 | €3,637 | €5,256 | +€1,619 | +44.5% |
| Total equity and liabilities | 10/49 | €796,511 | €894,046 | +€97,535 | +12.2% |
| Equity | 10/15 | €188,691 | €230,548 | +€41,857 | +22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,691 | €225,548 | +€41,857 | +22.8% |
| Amounts payable | 17/49 | €607,820 | €663,498 | +€55,678 | +9.2% |
| Amounts payable after more than one year | 17 | €371,737 | €386,708 | +€14,971 | +4.0% |
| Financial debts | 170/4 | €371,737 | €386,708 | +€14,971 | +4.0% |
| Amounts payable within one year | 42/48 | €236,083 | €276,790 | +€40,706 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €23,677 | €35,945 | +€12,268 | +51.8% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Other loans | 439 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €81,122 | €88,652 | +€7,530 | +9.3% |
| Suppliers | 440/4 | €81,122 | €88,652 | +€7,530 | +9.3% |
| Advances received on contracts in progress | 46 | €130,451 | €37,398 | -€93,053 | -71.3% |
| Taxes, remuneration and social security | 45 | €833 | €14,795 | +€13,962 | +1676.1% |
| Taxes | 450/3 | €811 | €13,058 | +€12,248 | +1510.4% |
| Remuneration and social security | 454/9 | €22 | €1,736 | +€1,714 | +7745.5% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €43,258 | €62,884 | +€19,626 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,392 | €26,662 | -€1,730 | -6.1% |
| Other operating charges | 640/8 | €4,345 | €1,776 | -€2,569 | -59.1% |
| Gross operating margin | 9900 | €144,166 | €172,664 | +€28,498 | +19.8% |
| Operating profit (loss) | 9901 | €68,172 | €81,343 | +€13,171 | +19.3% |
| Financial charges | 65/66B | €24,993 | €21,180 | -€3,813 | -15.3% |
| Recurring financial charges | 65 | €24,993 | €21,180 | -€3,813 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €43,179 | €60,162 | +€16,984 | +39.3% |
| Income taxes | 67/77 | €2,797 | €18,306 | +€15,509 | +554.6% |
| Profit (loss) for the period | 9904 | €40,382 | €41,857 | +€1,474 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,382 | €41,857 | +€1,474 | +3.7% |
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 12 October 2026 via checked.be.