MEUBLE ECO: 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.
MEUBLE ECO
Largest movements
- Receivables within one year +€99,207
up €99,207 (+73.0%), from €135,962 to €235,169
- Cash -€59,761
down €59,761 (-65.3%), from €91,504 to €31,743
mainly Receivables within one year (-€99,207) and Debts after one year (-€42,773)
- Tax, wage and social debts +€50,715
up €50,715 (+66.0%), from €76,789 to €127,504
of which Taxes: +€28,767
- Profit (loss) carried forward +€49,684
up €49,684 (+19.8%), from €251,555 to €301,239
- Debts after one year -€42,773
down €42,773 (-71.8%), from €59,571 to €16,798
- Trade debts -€32,917
down €32,917 (-15.4%), from €213,285 to €180,369
- Other debts +€10,502
up €10,502 (+12.0%), from €87,356 to €97,858
- Financial charges -€43,125
down €43,125 (-86.5%), from €49,875 to €6,750
- Financial income +€37,879
up €37,879 (+1,421%), from €2,665 to €40,544
- Staff costs +€19,647
up €19,647 (+21.3%), from €92,283 to €111,930
- Taxes +€11,994
up €11,994 (+102%), from €11,769 to €23,763
- Gross operating margin -€10,587
down €10,587 (-6.0%), from €176,131 to €165,544
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 | €737,334 | €774,600 | +€37,266 | +5.1% |
| Fixed assets | 21/28 | €38,008 | €34,094 | -€3,914 | -10.3% |
| Tangible fixed assets | 22/27 | €25,882 | €21,968 | -€3,914 | -15.1% |
| Furniture and vehicles | 24 | €24,460 | €20,811 | -€3,649 | -14.9% |
| Other tangible fixed assets | 26 | €1,422 | €1,156 | -€266 | -18.7% |
| Financial fixed assets | 28 | €12,126 | €12,126 | = | 0.0% |
| Current assets | 29/58 | €699,326 | €740,506 | +€41,180 | +5.9% |
| Stocks and contracts in progress | 3 | €450,100 | €455,370 | +€5,270 | +1.2% |
| Stocks | 30/36 | €450,100 | €455,370 | +€5,270 | +1.2% |
| Amounts receivable within one year | 40/41 | €135,962 | €235,169 | +€99,207 | +73.0% |
| Trade receivables | 40 | €135,962 | €235,169 | +€99,207 | +73.0% |
| Cash at bank and in hand | 54/58 | €91,504 | €31,743 | -€59,761 | -65.3% |
| Deferred charges and accrued income | 490/1 | €21,760 | €18,224 | -€3,536 | -16.2% |
| Total equity and liabilities | 10/49 | €737,334 | €774,600 | +€37,266 | +5.1% |
| Equity | 10/15 | €259,615 | €309,299 | +€49,684 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,555 | €301,239 | +€49,684 | +19.8% |
| Amounts payable | 17/49 | €477,720 | €465,301 | -€12,419 | -2.6% |
| Amounts payable after more than one year | 17 | €59,571 | €16,798 | -€42,773 | -71.8% |
| Financial debts | 170/4 | €59,571 | €16,798 | -€42,773 | -71.8% |
| Amounts payable within one year | 42/48 | €418,149 | €448,504 | +€30,355 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €40,718 | €42,773 | +€2,055 | +5.0% |
| Trade debts | 44 | €213,285 | €180,369 | -€32,917 | -15.4% |
| Suppliers | 440/4 | €213,285 | €180,369 | -€32,917 | -15.4% |
| Taxes, remuneration and social security | 45 | €76,789 | €127,504 | +€50,715 | +66.0% |
| Taxes | 450/3 | €49,438 | €78,205 | +€28,767 | +58.2% |
| Remuneration and social security | 454/9 | €27,351 | €49,299 | +€21,948 | +80.2% |
| Other amounts payable | 47/48 | €87,356 | €97,858 | +€10,502 | +12.0% |
| Non-recurring operating income | 76A | €699 | - | -€699 | |
| Remuneration, social security and pensions | 62 | €92,283 | €111,930 | +€19,647 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,709 | €8,647 | -€1,062 | -10.9% |
| Other operating charges | 640/8 | €9,050 | €5,315 | -€3,736 | -41.3% |
| Gross operating margin | 9900 | €176,131 | €165,544 | -€10,587 | -6.0% |
| Operating profit (loss) | 9901 | €65,088 | €39,653 | -€25,436 | -39.1% |
| Financial income | 75/76B | €2,665 | €40,544 | +€37,879 | +1,421% |
| Recurring financial income | 75 | €2,665 | €40,544 | +€37,879 | +1,421% |
| Financial charges | 65/66B | €49,875 | €6,750 | -€43,125 | -86.5% |
| Recurring financial charges | 65 | €49,875 | €6,750 | -€43,125 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €17,879 | €73,447 | +€55,568 | +311% |
| Income taxes | 67/77 | €11,769 | €23,763 | +€11,994 | +102% |
| Profit (loss) for the period | 9904 | €6,110 | €49,684 | +€43,574 | +713% |
| Profit (loss) for the period to be appropriated | 9905 | €6,110 | €49,684 | +€43,574 | +713% |
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 24 October 2026 via checked.be.