MEUBI PLUS: 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.
What changed
MEUBI PLUS
NACE 43.350, Other building finishing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€110,544
2024 · €1.8m-€1.9m
Equity
€12.7m
2024 · €12.8m-€110,544
Cash
€367,841
2024 · €242,090+€125,751
Balance sheet total
€16.9m
2024 · €16.2m+€608,725
Largest movements
Assets
- Intangible fixed assets +€571,396
up €571,396 (+636%), from €89,839 to €661,234
- Tangible fixed assets -€471,259
down €471,259 (-9.9%), from €4.8m to €4.3m
of which Plant, machinery and equipment: -€292,319
- Financial fixed assets +€389,171
up €389,171 (+6.0%), from €6.5m to €6.9m
- Current investments -€250,000
down €250,000 (-45.5%), from €549,557 to €299,557
- Receivables within one year +€179,238
up €179,238 (+20.2%), from €886,247 to €1.1m
of which Trade receivables: +€118,682
Equity and liabilities
- Other debts +€985,727
up €985,727 (+50.9%), from €1.9m to €2.9m
Income statement
- Financial income -€3.6m
down €3.6m (-87.8%), from €4.1m to €500,959
of which Financial income: -€4.0m
- Financial charges -€1.7m
down €1.7m (-93.3%), from €1.8m to €118,613
of which Non-recurring financial charges: -€1.6m
- Turnover -€483,125
down €483,125 (-4.3%), from €11.2m to €10.7m
- Goods and materials -€366,033
down €366,033 (-6.7%), from €5.5m to €5.1m
of which Change in stocks: decrease (increase): -€555,120
- Services and other goods -€282,181
down €282,181 (-6.8%), from €4.1m to €3.8m
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.
Result 2024
€1.8m
Turnover
-€483,125
Other operating income
-€26,320
Goods and materials
+€366,033
Services and other goods
+€282,181
Staff costs
-€52,457
Depreciation
+€10,471
Write-downs
+€50,347
Other operating charges
+€19,465
Other operating items
-€70,093
Financial income
-€3.6m
Financial charges
+€1.7m
Taxes
-€3,140
Result 2025
-€110,544
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€794,187
Financing
-€163,656
Cash 2024
€242,090
From operations (derived)
+€1.1m
Net result for the year
-€110,544
Depreciation
+€554,879
Stocks and contracts
-€82,828
Receivables within one year
-€179,238
Deferred charges and accrued income
+€18,399
Trade debts
-€63,175
Tax, wage and social debts
-€77,759
Advances received
+€34,516
Other debts
+€985,727
Accrued charges and deferred income
+€3,616
Investment (derived)
-€794,187
Investment in fixed assets (net)
-€1.0m
Current investments
+€250,000
Financing
-€163,656
Current portion of long-term debt
-€163,656
Cash 2025
€367,841
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,243,453 | €16,852,178 | +€608,725 | +3.7% |
| Fixed assets | 21/28 | €11,368,264 | €11,857,573 | +€489,308 | +4.3% |
| Intangible fixed assets | 21 | €89,839 | €661,234 | +€571,396 | +636% |
| Tangible fixed assets | 22/27 | €4,782,748 | €4,311,489 | -€471,259 | -9.9% |
| Land and buildings | 22 | €3,062,916 | €2,893,217 | -€169,699 | -5.5% |
| Plant, machinery and equipment | 23 | €1,703,679 | €1,411,360 | -€292,319 | -17.2% |
| Furniture and vehicles | 24 | €16,154 | €6,912 | -€9,242 | -57.2% |
| Financial fixed assets | 28 | €6,495,677 | €6,884,849 | +€389,171 | +6.0% |
| Affiliated companies | 280/1 | €6,495,677 | €6,884,849 | +€389,171 | +6.0% |
| Participating interests | 280 | €6,495,677 | €6,884,849 | +€389,171 | +6.0% |
| Current assets | 29/58 | €4,875,188 | €4,994,605 | +€119,417 | +2.4% |
| Stocks and contracts in progress | 3 | €3,031,726 | €3,114,554 | +€82,828 | +2.7% |
| Stocks | 30/36 | €3,031,726 | €3,114,554 | +€82,828 | +2.7% |
| Goods purchased for resale | 34 | €3,031,726 | €3,114,554 | +€82,828 | +2.7% |
| Amounts receivable within one year | 40/41 | €886,247 | €1,065,485 | +€179,238 | +20.2% |
| Trade receivables | 40 | €829,124 | €947,806 | +€118,682 | +14.3% |
| Other amounts receivable | 41 | €57,124 | €117,679 | +€60,555 | +106% |
| Current investments | 50/53 | €549,557 | €299,557 | -€250,000 | -45.5% |
| Other investments | 51/53 | €549,557 | €299,557 | -€250,000 | -45.5% |
| Cash at bank and in hand | 54/58 | €242,090 | €367,841 | +€125,751 | +51.9% |
| Deferred charges and accrued income | 490/1 | €165,568 | €147,169 | -€18,399 | -11.1% |
| Total equity and liabilities | 10/49 | €16,243,453 | €16,852,178 | +€608,725 | +3.7% |
| Equity | 10/15 | €12,837,989 | €12,727,445 | -€110,544 | -0.9% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €11,987,989 | €11,877,445 | -€110,544 | -0.9% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Distributable reserves | 133 | €11,902,989 | €11,792,445 | -€110,544 | -0.9% |
| Amounts payable | 17/49 | €3,405,463 | €4,124,732 | +€719,269 | +21.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,377,259 | €4,092,912 | +€715,653 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €163,656 | €0 | -€163,656 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €473,603 | €410,428 | -€63,175 | -13.3% |
| Suppliers | 440/4 | €473,603 | €410,428 | -€63,175 | -13.3% |
| Advances received on contracts in progress | 46 | €337,691 | €372,207 | +€34,516 | +10.2% |
| Taxes, remuneration and social security | 45 | €465,016 | €387,257 | -€77,759 | -16.7% |
| Taxes | 450/3 | €228,201 | €151,957 | -€76,243 | -33.4% |
| Remuneration and social security | 454/9 | €236,815 | €235,299 | -€1,516 | -0.6% |
| Other amounts payable | 47/48 | €1,937,293 | €2,923,021 | +€985,727 | +50.9% |
| Accrued charges and deferred income | 492/3 | €28,205 | €31,820 | +€3,616 | +12.8% |
| Operating income | 70/76A | €11,333,876 | €10,754,337 | -€579,538 | -5.1% |
| Turnover | 70 | €11,174,599 | €10,691,474 | -€483,125 | -4.3% |
| Other operating income | 74 | €89,183 | €62,863 | -€26,320 | -29.5% |
| Non-recurring operating income | 76A | €70,093 | €0 | -€70,093 | -100% |
| Operating charges | 60/66A | €11,919,441 | €11,243,401 | -€676,040 | -5.7% |
| Goods for resale, raw materials and consumables | 60 | €5,497,709 | €5,131,676 | -€366,033 | -6.7% |
| Purchases | 600/8 | €5,183,473 | €5,372,559 | +€189,087 | +3.6% |
| Change in stocks: decrease (increase) | 609 | €314,236 | -€240,883 | -€555,120 | |
| Services and other goods | 61 | €4,125,924 | €3,843,742 | -€282,181 | -6.8% |
| Remuneration, social security and pensions | 62 | €1,176,083 | €1,228,539 | +€52,457 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565,350 | €554,879 | -€10,471 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €200,165 | €149,818 | -€50,347 | -25.2% |
| Other operating charges | 640/8 | €354,211 | €334,746 | -€19,465 | -5.5% |
| Operating profit (loss) | 9901 | -€585,565 | -€489,064 | +€96,502 | +16.5% |
| Financial income | 75/76B | €4,121,015 | €500,959 | -€3.6m | -87.8% |
| Recurring financial income | 75 | €4,121,015 | €98,671 | -€4.0m | -97.6% |
| Income from financial fixed assets | 750 | €3,995,446 | €0 | -€4.0m | -100% |
| Income from current assets | 751 | €17,460 | €9,501 | -€7,959 | -45.6% |
| Other financial income | 752/9 | €108,110 | €89,170 | -€18,940 | -17.5% |
| Non-recurring financial income | 76B | - | €402,288 | +€402,288 | |
| Financial charges | 65/66B | €1,769,367 | €118,613 | -€1.7m | -93.3% |
| Recurring financial charges | 65 | €124,367 | €49,613 | -€74,755 | -60.1% |
| Debt charges | 650 | €92,066 | €25,966 | -€66,100 | -71.8% |
| Other financial charges | 652/9 | €32,301 | €23,647 | -€8,655 | -26.8% |
| Non-recurring financial charges | 66B | €1,645,000 | €69,000 | -€1.6m | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €1,766,083 | -€106,717 | -€1.9m | |
| Income taxes | 67/77 | €686 | €3,826 | +€3,140 | +458% |
| Taxes | 670/3 | €686 | €3,826 | +€3,140 | +458% |
| Profit (loss) for the period | 9904 | €1,765,397 | -€110,544 | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,765,397 | -€110,544 | -€1.9m |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.