MEULDERS IMMO: 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 IMMO
Largest movements
- Cash -€7,431
down €7,431 (-12.3%), from €60,613 to €53,181
mainly Investment in fixed assets (net) (-€17,754) and Receivables within one year (-€3,914)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€10,920
down €10,920 (-33.2%), from €32,927 to €22,007
- Taxes -€3,917
down €3,917 (-46.2%), from €8,485 to €4,568
- Financial charges +€602
up €602 (+407%), from €148 to €749
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 | €622,577 | €623,370 | +€793 | +0.1% |
| Fixed assets | 21/28 | €502,612 | €506,922 | +€4,310 | +0.9% |
| Tangible fixed assets | 22/27 | €502,612 | €506,922 | +€4,310 | +0.9% |
| Land and buildings | 22 | €502,612 | €506,922 | +€4,310 | +0.9% |
| Current assets | 29/58 | €119,966 | €116,448 | -€3,517 | -2.9% |
| Amounts receivable within one year | 40/41 | €0 | €3,914 | +€3,914 | |
| Other amounts receivable | 41 | €0 | €3,914 | +€3,914 | |
| Current investments | 50/53 | €59,353 | €59,353 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,613 | €53,181 | -€7,431 | -12.3% |
| Total equity and liabilities | 10/49 | €622,577 | €623,370 | +€793 | +0.1% |
| Equity | 10/15 | €418,502 | €423,566 | +€5,064 | +1.2% |
| Contributions | 10/11 | €13,354 | €13,354 | = | 0.0% |
| Reserves | 13 | €125,259 | €130,323 | +€5,064 | +4.0% |
| Non-distributable reserves | 130/1 | €1,335 | €1,335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,335 | €1,335 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,142 | €65,262 | -€3,880 | -5.6% |
| Distributable reserves | 133 | €54,782 | €63,726 | +€8,944 | +16.3% |
| Profit (loss) carried forward | 14 | €279,889 | €279,889 | = | 0.0% |
| Provisions and deferred taxes | 16 | €35,791 | €33,783 | -€2,009 | -5.6% |
| Deferred taxes | 168 | €35,791 | €33,783 | -€2,009 | -5.6% |
| Amounts payable | 17/49 | €168,284 | €166,021 | -€2,263 | -1.3% |
| Amounts payable within one year | 42/48 | €168,284 | €166,021 | -€2,263 | -1.3% |
| Trade debts | 44 | - | €633 | +€633 | |
| Suppliers | 440/4 | - | €633 | +€633 | |
| Taxes, remuneration and social security | 45 | €3,574 | €1,226 | -€2,348 | -65.7% |
| Taxes | 450/3 | €3,574 | €1,226 | -€2,348 | -65.7% |
| Other amounts payable | 47/48 | €164,710 | €164,162 | -€548 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,209 | €13,444 | +€235 | +1.8% |
| Other operating charges | 640/8 | €890 | €912 | +€21 | +2.4% |
| Gross operating margin | 9900 | €32,927 | €22,007 | -€10,920 | -33.2% |
| Operating profit (loss) | 9901 | €18,828 | €7,651 | -€11,177 | -59.4% |
| Financial income | 75/76B | €927 | €722 | -€205 | -22.1% |
| Recurring financial income | 75 | €927 | €722 | -€205 | -22.1% |
| Financial charges | 65/66B | €148 | €749 | +€602 | +407% |
| Recurring financial charges | 65 | €148 | €749 | +€602 | +407% |
| Profit (loss) for the period before taxes | 9903 | €19,607 | €7,623 | -€11,984 | -61.1% |
| Transfer from deferred taxes | 780 | €2,009 | €2,009 | = | 0.0% |
| Income taxes | 67/77 | €8,485 | €4,568 | -€3,917 | -46.2% |
| Profit (loss) for the period | 9904 | €13,131 | €5,064 | -€8,067 | -61.4% |
| Transfer from tax-exempt reserves | 789 | €3,880 | €3,880 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,011 | €8,944 | -€8,067 | -47.4% |
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 19 October 2026 via checked.be.