MEUKENS: what changed
Two fiscal 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.
MEUKENS
Largest movements
- Receivables within one year +€99,197
up €99,197 (+23.4%), from €423,543 to €522,739
of which Trade receivables: +€98,416
- Tangible fixed assets +€59,628
up €59,628 (+40.1%), from €148,778 to €208,406
of which Plant, machinery and equipment: +€81,289
- Cash +€16,197
up €16,197 (+16.6%), from €97,552 to €113,749
mainly Trade debts (+€228,739) and Depreciation (+€33,552)
- Trade debts +€228,739
up €228,739 (+89.3%), from €256,084 to €484,823
- Tax, wage and social debts -€30,103
down €30,103 (-27.9%), from €107,797 to €77,694
of which Taxes: -€19,238
- Debts after one year -€27,698
down €27,698 (-25.1%), from €110,518 to €82,820
- Gross operating margin +€21,861
up €21,861 (+4.9%), from €448,602 to €470,464
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,232 | €900,896 | +€177,664 | +24.6% |
| Fixed assets | 21/28 | €148,778 | €208,406 | +€59,628 | +40.1% |
| Tangible fixed assets | 22/27 | €148,778 | €208,406 | +€59,628 | +40.1% |
| Land and buildings | 22 | €105,944 | €88,199 | -€17,745 | -16.7% |
| Plant, machinery and equipment | 23 | €35,575 | €116,865 | +€81,289 | +228.5% |
| Furniture and vehicles | 24 | €7,258 | €3,343 | -€3,915 | -53.9% |
| Current assets | 29/58 | €574,455 | €692,490 | +€118,035 | +20.5% |
| Stocks and contracts in progress | 3 | €50,809 | €53,315 | +€2,506 | +4.9% |
| Stocks | 30/36 | €50,809 | €53,315 | +€2,506 | +4.9% |
| Amounts receivable within one year | 40/41 | €423,543 | €522,739 | +€99,197 | +23.4% |
| Trade receivables | 40 | €423,543 | €521,958 | +€98,416 | +23.2% |
| Other amounts receivable | 41 | - | €781 | +€781 | |
| Cash at bank and in hand | 54/58 | €97,552 | €113,749 | +€16,197 | +16.6% |
| Deferred charges and accrued income | 490/1 | €2,551 | €2,687 | +€135 | +5.3% |
| Total equity and liabilities | 10/49 | €723,232 | €900,896 | +€177,664 | +24.6% |
| Equity | 10/15 | €218,316 | €224,758 | +€6,441 | +3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €20,200 | €25,200 | +€5,000 | +24.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Profit (loss) carried forward | 14 | €136,116 | €137,558 | +€1,441 | +1.1% |
| Amounts payable | 17/49 | €504,916 | €676,138 | +€171,222 | +33.9% |
| Amounts payable after more than one year | 17 | €110,518 | €82,820 | -€27,698 | -25.1% |
| Financial debts | 170/4 | €110,518 | €82,820 | -€27,698 | -25.1% |
| Amounts payable within one year | 42/48 | €394,398 | €593,318 | +€198,920 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €26,527 | €27,698 | +€1,172 | +4.4% |
| Trade debts | 44 | €256,084 | €484,823 | +€228,739 | +89.3% |
| Suppliers | 440/4 | €256,084 | €484,823 | +€228,739 | +89.3% |
| Taxes, remuneration and social security | 45 | €107,797 | €77,694 | -€30,103 | -27.9% |
| Taxes | 450/3 | €35,128 | €15,891 | -€19,238 | -54.8% |
| Remuneration and social security | 454/9 | €72,668 | €61,803 | -€10,865 | -15.0% |
| Other amounts payable | 47/48 | €3,990 | €3,103 | -€887 | -22.2% |
| Non-recurring operating income | 76A | €16,290 | €20,814 | +€4,525 | +27.8% |
| Remuneration, social security and pensions | 62 | €397,694 | €399,272 | +€1,578 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,638 | €33,552 | -€4,087 | -10.9% |
| Other operating charges | 640/8 | €12,216 | €13,285 | +€1,068 | +8.7% |
| Gross operating margin | 9900 | €448,602 | €470,464 | +€21,861 | +4.9% |
| Operating profit (loss) | 9901 | €1,053 | €24,355 | +€23,302 | +2211.9% |
| Financial income | 75/76B | €2,422 | - | -€2,422 | |
| Recurring financial income | 75 | €2,422 | - | -€2,422 | |
| Financial charges | 65/66B | €8,173 | €12,409 | +€4,237 | +51.8% |
| Recurring financial charges | 65 | €8,173 | €12,409 | +€4,237 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,697 | €11,946 | +€16,643 | |
| Income taxes | 67/77 | €2,983 | €5,505 | +€2,521 | +84.5% |
| Profit (loss) for the period | 9904 | -€7,680 | €6,441 | +€14,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,680 | €6,441 | +€14,122 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.