Meudi: 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.
Meudi
Largest movements
- Cash +€162,735
up €162,735 (+222%), from €73,215 to €235,949
mainly Current investments (+€150,000) and Depreciation (+€147,617)
- Current investments -€150,000
down €150,000 (-40.0%), from €375,000 to €225,000
- Tangible fixed assets +€75,685
up €75,685 (+2.4%), from €3.2m to €3.3m
of which Land and buildings: +€80,032
- Accrued charges and deferred income +€43,950
up €43,950 (+4,186%), from €1,050 to €45,000
- Reserves +€42,928
up €42,928 (+4.3%), from €1.0m to €1.0m
of which Distributable reserves: +€42,928
- Financial charges +€45,102
up €45,102 (+31,432%), from €143 to €45,245
- Depreciation +€26,383
up €26,383 (+21.8%), from €121,234 to €147,617
- Taxes -€15,583
down €15,583 (-51.0%), from €30,554 to €14,971
- Financial income +€9,992
up €9,992 (+143%), from €6,987 to €16,979
of which Non-recurring financial income: +€7,510
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 | €3,630,346 | €3,726,424 | +€96,078 | +2.6% |
| Fixed assets | 21/28 | €3,178,596 | €3,254,281 | +€75,685 | +2.4% |
| Tangible fixed assets | 22/27 | €3,178,596 | €3,254,281 | +€75,685 | +2.4% |
| Land and buildings | 22 | €3,159,257 | €3,239,289 | +€80,032 | +2.5% |
| Plant, machinery and equipment | 23 | €9,256 | €7,934 | -€1,322 | -14.3% |
| Furniture and vehicles | 24 | €10,083 | €7,058 | -€3,025 | -30.0% |
| Current assets | 29/58 | €451,750 | €472,143 | +€20,393 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,535 | €8,375 | +€6,840 | +446% |
| Trade receivables | 40 | - | €124 | +€124 | |
| Other amounts receivable | 41 | €1,535 | €8,251 | +€6,716 | +438% |
| Current investments | 50/53 | €375,000 | €225,000 | -€150,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €73,215 | €235,949 | +€162,735 | +222% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,819 | +€819 | +41.0% |
| Total equity and liabilities | 10/49 | €3,630,346 | €3,726,424 | +€96,078 | +2.6% |
| Equity | 10/15 | €1,826,291 | €1,869,219 | +€42,928 | +2.4% |
| Contributions | 10/11 | €825,000 | €825,000 | = | 0.0% |
| Capital | 10 | €825,000 | €825,000 | = | 0.0% |
| Issued capital | 100 | €825,000 | €825,000 | = | 0.0% |
| Reserves | 13 | €1,001,291 | €1,044,219 | +€42,928 | +4.3% |
| Non-distributable reserves | 130/1 | €8,250 | €8,250 | = | 0.0% |
| Legal reserve | 130 | €8,250 | €8,250 | = | 0.0% |
| Distributable reserves | 133 | €993,041 | €1,035,969 | +€42,928 | +4.3% |
| Amounts payable | 17/49 | €1,804,055 | €1,857,205 | +€53,150 | +2.9% |
| Amounts payable after more than one year | 17 | €1,800,000 | €1,800,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,800,000 | €1,800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,005 | €12,205 | +€9,200 | +306% |
| Trade debts | 44 | €380 | €0 | -€380 | -100% |
| Suppliers | 440/4 | €380 | €0 | -€380 | -100% |
| Taxes, remuneration and social security | 45 | €2,625 | €12,205 | +€9,580 | +365% |
| Taxes | 450/3 | €2,625 | €12,205 | +€9,580 | +365% |
| Accrued charges and deferred income | 492/3 | €1,050 | €45,000 | +€43,950 | +4,186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,234 | €147,617 | +€26,383 | +21.8% |
| Other operating charges | 640/8 | €27,129 | €28,205 | +€1,076 | +4.0% |
| Gross operating margin | 9900 | €263,949 | €261,986 | -€1,963 | -0.7% |
| Operating profit (loss) | 9901 | €115,586 | €86,164 | -€29,422 | -25.5% |
| Financial income | 75/76B | €6,987 | €16,979 | +€9,992 | +143% |
| Recurring financial income | 75 | €6,987 | €9,470 | +€2,483 | +35.5% |
| Non-recurring financial income | 76B | - | €7,510 | +€7,510 | |
| Financial charges | 65/66B | €143 | €45,245 | +€45,102 | +31,432% |
| Recurring financial charges | 65 | €143 | €45,245 | +€45,102 | +31,432% |
| Profit (loss) for the period before taxes | 9903 | €122,429 | €57,899 | -€64,531 | -52.7% |
| Income taxes | 67/77 | €30,554 | €14,971 | -€15,583 | -51.0% |
| Profit (loss) for the period | 9904 | €91,876 | €42,928 | -€48,948 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,876 | €42,928 | -€48,948 | -53.3% |
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 18 October 2026 via checked.be.