MEUBELIUM: 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.
MEUBELIUM
Largest movements
- Cash +€10,489
up €10,489 (+255%), from €4,109 to €14,598
mainly Other debts (+€14,154) and Stocks and contracts (+€10,052)
- Stocks and contracts -€10,052
down €10,052 (-7.1%), from €141,372 to €131,320
- Financial fixed assets -€7,500
no longer reported in 2025 (was €7,500)
- Tangible fixed assets -€3,705
down €3,705 (-14.0%), from €26,509 to €22,804
of which Other tangible fixed assets: -€3,705
- Debts after one year -€15,474
down €15,474 (-89.9%), from €17,214 to €1,740
- Other debts +€14,154
up €14,154 (+16.5%), from €85,800 to €99,954
- Profit (loss) carried forward -€8,442
down €8,442 (-23.3%), from €36,172 to €27,730
- Trade debts -€1,945
no longer reported in 2025 (was €1,945)
- Gross operating margin +€22,623
up €22,623 (+94.8%), from -€23,853 to -€1,230
- Financial charges -€1,957
down €1,957 (-48.9%), from €4,001 to €2,044
- Taxes -€1,496
down €1,496 (-83.9%), from €1,783 to €288
- Other operating charges +€311
up €311 (+34.1%), from €912 to €1,223
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 | €182,511 | €171,339 | -€11,172 | -6.1% |
| Fixed assets | 21/28 | €34,009 | €22,804 | -€11,205 | -32.9% |
| Tangible fixed assets | 22/27 | €26,509 | €22,804 | -€3,705 | -14.0% |
| Furniture and vehicles | 24 | €1,424 | €1,424 | = | 0.0% |
| Other tangible fixed assets | 26 | €25,084 | €21,379 | -€3,705 | -14.8% |
| Financial fixed assets | 28 | €7,500 | - | -€7,500 | |
| Current assets | 29/58 | €148,502 | €148,536 | +€33 | 0.0% |
| Stocks and contracts in progress | 3 | €141,372 | €131,320 | -€10,052 | -7.1% |
| Stocks | 30/36 | €141,372 | €131,320 | -€10,052 | -7.1% |
| Amounts receivable within one year | 40/41 | €3,021 | €1,325 | -€1,696 | -56.1% |
| Trade receivables | 40 | €3,021 | €1,325 | -€1,696 | -56.1% |
| Cash at bank and in hand | 54/58 | €4,109 | €14,598 | +€10,489 | +255% |
| Deferred charges and accrued income | 490/1 | - | €1,293 | +€1,293 | |
| Total equity and liabilities | 10/49 | €182,511 | €171,339 | -€11,172 | -6.1% |
| Equity | 10/15 | €55,955 | €47,513 | -€8,442 | -15.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €783 | €783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €783 | €783 | = | 0.0% |
| Reserves not available under the articles | 1311 | €783 | €783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,172 | €27,730 | -€8,442 | -23.3% |
| Amounts payable | 17/49 | €126,556 | €123,826 | -€2,729 | -2.2% |
| Amounts payable after more than one year | 17 | €17,214 | €1,740 | -€15,474 | -89.9% |
| Financial debts | 170/4 | €17,214 | €1,740 | -€15,474 | -89.9% |
| Amounts payable within one year | 42/48 | €109,342 | €121,610 | +€12,269 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €14,854 | €15,474 | +€620 | +4.2% |
| Trade debts | 44 | €1,945 | - | -€1,945 | |
| Suppliers | 440/4 | €1,945 | - | -€1,945 | |
| Advances received on contracts in progress | 46 | - | €1,120 | +€1,120 | |
| Taxes, remuneration and social security | 45 | €6,744 | €5,062 | -€1,681 | -24.9% |
| Taxes | 450/3 | €6,744 | €5,062 | -€1,681 | -24.9% |
| Other amounts payable | 47/48 | €85,800 | €99,954 | +€14,154 | +16.5% |
| Accrued charges and deferred income | 492/3 | - | €476 | +€476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,705 | €3,705 | = | 0.0% |
| Other operating charges | 640/8 | €912 | €1,223 | +€311 | +34.1% |
| Gross operating margin | 9900 | -€23,853 | -€1,230 | +€22,623 | +94.8% |
| Operating profit (loss) | 9901 | -€28,470 | -€6,157 | +€22,312 | +78.4% |
| Financial income | 75/76B | €143 | €46 | -€97 | -67.7% |
| Recurring financial income | 75 | €143 | €46 | -€97 | -67.7% |
| Financial charges | 65/66B | €4,001 | €2,044 | -€1,957 | -48.9% |
| Recurring financial charges | 65 | €4,001 | €2,044 | -€1,957 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,327 | -€8,155 | +€24,172 | +74.8% |
| Income taxes | 67/77 | €1,783 | €288 | -€1,496 | -83.9% |
| Profit (loss) for the period | 9904 | -€34,111 | -€8,442 | +€25,668 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,111 | -€8,442 | +€25,668 | +75.2% |
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 20 October 2026 via checked.be.