MEULDERS: 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.
MEULDERS
Largest movements
- Receivables within one year +€41,541
up €41,541 (+186.1%), from €22,317 to €63,857
- Tangible fixed assets -€15,789
down €15,789 (-31.3%), from €50,492 to €34,703
of which Furniture and vehicles: -€14,064
- Cash +€13,950
up €13,950 (+27.4%), from €50,827 to €64,777
mainly Net result for the year (+€46,924) and Depreciation (+€19,075)
- Deferred charges and accrued income -€3,866
down €3,866 (-23.9%), from €16,158 to €12,292
- Reserves +€45,000
up €45,000 (+68.2%), from €65,951 to €110,951
of which Distributable reserves: +€45,000
- Tax, wage and social debts -€7,538
down €7,538 (-55.9%), from €13,494 to €5,956
- Current portion of long-term debt -€3,925
down €3,925 (-82.3%), from €4,771 to €846
- Profit (loss) carried forward +€1,924
up €1,924 (+5.0%), from €38,192 to €40,116
- Gross operating margin -€3,778
down €3,778 (-4.3%), from €88,082 to €84,304
- Financial income +€2,095
up €2,095 (+359.2%), from €583 to €2,679
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 | €141,828 | €177,401 | +€35,573 | +25.1% |
| Formation expenses | 20 | €1,284 | €1,022 | -€262 | -20.4% |
| Fixed assets | 21/28 | €51,242 | €35,453 | -€15,789 | -30.8% |
| Tangible fixed assets | 22/27 | €50,492 | €34,703 | -€15,789 | -31.3% |
| Land and buildings | 22 | €8,113 | €5,871 | -€2,243 | -27.6% |
| Plant, machinery and equipment | 23 | €5,144 | €5,662 | +€518 | +10.1% |
| Furniture and vehicles | 24 | €37,236 | €23,171 | -€14,064 | -37.8% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €89,301 | €140,926 | +€51,624 | +57.8% |
| Amounts receivable within one year | 40/41 | €22,317 | €63,857 | +€41,541 | +186.1% |
| Other amounts receivable | 41 | €22,317 | €63,857 | +€41,541 | +186.1% |
| Cash at bank and in hand | 54/58 | €50,827 | €64,777 | +€13,950 | +27.4% |
| Deferred charges and accrued income | 490/1 | €16,158 | €12,292 | -€3,866 | -23.9% |
| Total equity and liabilities | 10/49 | €141,828 | €177,401 | +€35,573 | +25.1% |
| Equity | 10/15 | €122,743 | €169,667 | +€46,924 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,951 | €110,951 | +€45,000 | +68.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,091 | €109,091 | +€45,000 | +70.2% |
| Profit (loss) carried forward | 14 | €38,192 | €40,116 | +€1,924 | +5.0% |
| Amounts payable | 17/49 | €19,085 | €7,734 | -€11,351 | -59.5% |
| Amounts payable within one year | 42/48 | €18,264 | €6,914 | -€11,351 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €4,771 | €846 | -€3,925 | -82.3% |
| Trade debts | 44 | - | €112 | +€112 | |
| Suppliers | 440/4 | - | €112 | +€112 | |
| Taxes, remuneration and social security | 45 | €13,494 | €5,956 | -€7,538 | -55.9% |
| Taxes | 450/3 | €13,494 | €5,956 | -€7,538 | -55.9% |
| Accrued charges and deferred income | 492/3 | €820 | €820 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,480 | €19,075 | -€405 | -2.1% |
| Other operating charges | 640/8 | - | €330 | +€330 | |
| Gross operating margin | 9900 | €88,082 | €84,304 | -€3,778 | -4.3% |
| Operating profit (loss) | 9901 | €68,602 | €64,900 | -€3,702 | -5.4% |
| Financial income | 75/76B | €583 | €2,679 | +€2,095 | +359.2% |
| Recurring financial income | 75 | €583 | €2,679 | +€2,095 | +359.2% |
| Financial charges | 65/66B | €790 | €732 | -€57 | -7.3% |
| Recurring financial charges | 65 | €790 | €732 | -€57 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €68,395 | €66,846 | -€1,549 | -2.3% |
| Income taxes | 67/77 | €20,050 | €19,923 | -€127 | -0.6% |
| Profit (loss) for the period | 9904 | €48,346 | €46,924 | -€1,422 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,346 | €46,924 | -€1,422 | -2.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.