MEULEMAN AGRI: what changed
What changed
MEULEMAN AGRI
NACE 01.500, Mixed farming
filed annual accounts (NBB)
Net result for the year
€230,828
2024 · €278,301-€47,473
Equity
€1.9m
2024 · €1.6m+€230,828
Cash
€277,603
2024 · €268,942+€8,661
Balance sheet total
€4.6m
2024 · €4.1m+€508,572
Largest movements
Assets
- Tangible fixed assets +€417,624
up €417,624 (+18.7%), from €2.2m to €2.6m
of which Plant, machinery and equipment: +€235,003
- Receivables within one year +€56,571
up €56,571 (+9.6%), from €586,235 to €642,806
of which Trade receivables: +€46,222
Equity and liabilities
- Trade debts +€394,973
up €394,973 (+96.9%), from €407,402 to €802,375
- Reserves +€230,828
up €230,828 (+16.3%), from €1.4m to €1.6m
of which Distributable reserves: +€236,170
- Debts after one year -€144,876
down €144,876 (-10.1%), from €1.4m to €1.3m
of which Financial debts: -€144,876
Income statement
- Gross operating margin -€39,449
down €39,449 (-5.5%), from €714,541 to €675,093
- Depreciation +€23,638
up €23,638 (+9.5%), from €247,945 to €271,583
- Taxes -€18,770
down €18,770 (-16.0%), from €117,425 to €98,655
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€278,301
Gross operating margin
-€39,449
Staff costs
+€2,066
Depreciation
-€23,638
Other operating charges
-€2,149
Financial income
+€810
Financial charges
-€3,883
Taxes
+€18,770
Result 2025
€230,828
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€833,579
Investment
-€689,208
Financing
-€135,710
Cash 2024
€268,942
From operations (derived)
+€833,579
Net result for the year
+€230,828
Depreciation
+€271,583
Stocks and contracts
-€22,460
Receivables within one year
-€56,571
Deferred charges and accrued income
-€3,256
Provisions
-€2,297
Trade debts
+€394,973
Tax, wage and social debts
-€10,741
Other debts
+€35,307
Accrued charges and deferred income
-€3,787
Investment (derived)
-€689,208
Investment in fixed assets (net)
-€689,208
Financing
-€135,710
Debts after one year
-€144,876
Current portion of long-term debt
+€9,166
Cash 2025
€277,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,053,053 | €4,561,625 | +€508,572 | +12.5% |
| Fixed assets | 21/28 | €2,231,508 | €2,649,133 | +€417,624 | +18.7% |
| Tangible fixed assets | 22/27 | €2,231,508 | €2,649,133 | +€417,624 | +18.7% |
| Land and buildings | 22 | €2,028,817 | €2,193,457 | +€164,640 | +8.1% |
| Plant, machinery and equipment | 23 | €202,692 | €437,695 | +€235,003 | +116% |
| Furniture and vehicles | 24 | - | €17,981 | +€17,981 | |
| Current assets | 29/58 | €1,821,544 | €1,912,493 | +€90,948 | +5.0% |
| Stocks and contracts in progress | 3 | €944,880 | €967,340 | +€22,460 | +2.4% |
| Stocks | 30/36 | €944,880 | €967,340 | +€22,460 | +2.4% |
| Amounts receivable within one year | 40/41 | €586,235 | €642,806 | +€56,571 | +9.6% |
| Trade receivables | 40 | €586,235 | €632,457 | +€46,222 | +7.9% |
| Other amounts receivable | 41 | €0 | €10,349 | +€10,349 | |
| Cash at bank and in hand | 54/58 | €268,942 | €277,603 | +€8,661 | +3.2% |
| Deferred charges and accrued income | 490/1 | €21,487 | €24,743 | +€3,256 | +15.2% |
| Total equity and liabilities | 10/49 | €4,053,053 | €4,561,625 | +€508,572 | +12.5% |
| Equity | 10/15 | €1,642,682 | €1,873,510 | +€230,828 | +14.1% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €1,417,682 | €1,648,510 | +€230,828 | +16.3% |
| Tax-exempt reserves | 132 | €15,821 | €10,479 | -€5,343 | -33.8% |
| Distributable reserves | 133 | €1,401,861 | €1,638,032 | +€236,170 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €5,879 | €3,581 | -€2,297 | -39.1% |
| Deferred taxes | 168 | €5,879 | €3,581 | -€2,297 | -39.1% |
| Amounts payable | 17/49 | €2,404,491 | €2,684,534 | +€280,042 | +11.6% |
| Amounts payable after more than one year | 17 | €1,435,447 | €1,290,571 | -€144,876 | -10.1% |
| Financial debts | 170/4 | €1,235,447 | €1,090,571 | -€144,876 | -11.7% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €928,521 | €1,357,226 | +€428,705 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €219,043 | €228,210 | +€9,166 | +4.2% |
| Trade debts | 44 | €407,402 | €802,375 | +€394,973 | +96.9% |
| Suppliers | 440/4 | €407,402 | €802,375 | +€394,973 | +96.9% |
| Taxes, remuneration and social security | 45 | €20,048 | €9,307 | -€10,741 | -53.6% |
| Taxes | 450/3 | €20,048 | €9,307 | -€10,741 | -53.6% |
| Other amounts payable | 47/48 | €282,028 | €317,334 | +€35,307 | +12.5% |
| Accrued charges and deferred income | 492/3 | €40,524 | €36,736 | -€3,787 | -9.3% |
| Remuneration, social security and pensions | 62 | €2,066 | €0 | -€2,066 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,945 | €271,583 | +€23,638 | +9.5% |
| Other operating charges | 640/8 | €23,363 | €25,513 | +€2,149 | +9.2% |
| Gross operating margin | 9900 | €714,541 | €675,093 | -€39,449 | -5.5% |
| Operating profit (loss) | 9901 | €441,167 | €377,996 | -€63,170 | -14.3% |
| Financial income | 75/76B | €486 | €1,296 | +€810 | +167% |
| Recurring financial income | 75 | €486 | €1,296 | +€810 | +167% |
| Financial charges | 65/66B | €48,223 | €52,107 | +€3,883 | +8.1% |
| Recurring financial charges | 65 | €48,223 | €52,107 | +€3,883 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €393,429 | €327,186 | -€66,244 | -16.8% |
| Transfer from deferred taxes | 780 | €2,297 | €2,297 | = | 0.0% |
| Income taxes | 67/77 | €117,425 | €98,655 | -€18,770 | -16.0% |
| Profit (loss) for the period | 9904 | €278,301 | €230,828 | -€47,473 | -17.1% |
| Transfer from tax-exempt reserves | 789 | €5,343 | €5,343 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €283,644 | €236,170 | -€47,473 | -16.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.