MEULEMAN BOUWMATERIALEN: what changed
What changed
MEULEMAN BOUWMATERIALEN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€92,308
2024 · -€441,277+€533,584
Equity
-€259,615
2024 · -€351,923+€92,308
Cash
€33,899
2024 · €28,780+€5,119
Balance sheet total
€1.8m
2024 · €1.1m+€758,289
Largest movements
Assets
- Tangible fixed assets +€318,698
up €318,698 (+39.2%), from €812,020 to €1.1m
of which Leasing and similar rights: +€330,990
- Receivables within one year +€227,943
up €227,943 (+171%), from €133,366 to €361,309
of which Trade receivables: +€208,579
- Stocks and contracts +€210,925
up €210,925 (+243%), from €86,844 to €297,769
Equity and liabilities
- Trade debts +€457,162
up €457,162 (+88.0%), from €519,654 to €976,816
- Debts after one year +€215,573
up €215,573 (+34.0%), from €633,854 to €849,427
- Profit (loss) carried forward +€92,308
up €92,308 (+9.9%), from -€931,094 to -€838,787
- Current portion of long-term debt +€47,432
up €47,432 (+64.5%), from €73,595 to €121,027
- Tax, wage and social debts -€31,686
down €31,686 (-29.0%), from €109,269 to €77,583
Income statement
- Gross operating margin +€437,641
up €437,641, from -€33,612 to €404,029
- Financial charges -€44,824
down €44,824 (-61.5%), from €72,885 to €28,061
- Staff costs -€33,960
down €33,960 (-13.0%), from €261,117 to €227,157
- Other operating charges -€32,843
down €32,843 (-94.8%), from €34,657 to €1,814
- Depreciation +€16,099
up €16,099 (+41.3%), from €39,006 to €55,105
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
-€441,277
Gross operating margin
+€437,641
Staff costs
+€33,960
Depreciation
-€16,099
Other operating charges
+€32,843
Financial income
+€416
Financial charges
+€44,824
Result 2025
€92,308
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
+€111,521
Investment
-€369,408
Financing
+€263,005
Cash 2024
€28,780
From operations (derived)
+€111,521
Net result for the year
+€92,308
Depreciation
+€55,105
Stocks and contracts
-€210,925
Receivables within one year
-€227,943
Trade debts
+€457,162
Tax, wage and social debts
-€31,686
Other debts
-€22,500
Investment (derived)
-€369,408
Investment in fixed assets (net)
-€369,408
Financing
+€263,005
Debts after one year
+€215,573
Current portion of long-term debt
+€47,432
Cash 2025
€33,899
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,065,961 | €1,824,250 | +€758,289 | +71.1% |
| Formation expenses | 20 | €4,951 | €555 | -€4,395 | -88.8% |
| Fixed assets | 21/28 | €812,020 | €1,130,718 | +€318,698 | +39.2% |
| Tangible fixed assets | 22/27 | €812,020 | €1,130,718 | +€318,698 | +39.2% |
| Land and buildings | 22 | €731,382 | €710,516 | -€20,866 | -2.9% |
| Plant, machinery and equipment | 23 | €26,100 | €39,304 | +€13,204 | +50.6% |
| Furniture and vehicles | 24 | €4,840 | €5,358 | +€518 | +10.7% |
| Leasing and similar rights | 25 | - | €330,990 | +€330,990 | |
| Other tangible fixed assets | 26 | €49,698 | €44,549 | -€5,149 | -10.4% |
| Current assets | 29/58 | €248,991 | €692,977 | +€443,986 | +178% |
| Stocks and contracts in progress | 3 | €86,844 | €297,769 | +€210,925 | +243% |
| Stocks | 30/36 | €86,844 | €297,769 | +€210,925 | +243% |
| Amounts receivable within one year | 40/41 | €133,366 | €361,309 | +€227,943 | +171% |
| Trade receivables | 40 | €73,225 | €281,804 | +€208,579 | +285% |
| Other amounts receivable | 41 | €60,141 | €79,505 | +€19,364 | +32.2% |
| Cash at bank and in hand | 54/58 | €28,780 | €33,899 | +€5,119 | +17.8% |
| Total equity and liabilities | 10/49 | €1,065,961 | €1,824,250 | +€758,289 | +71.1% |
| Equity | 10/15 | -€351,923 | -€259,615 | +€92,308 | +26.2% |
| Contributions | 10/11 | €404,368 | €404,368 | = | 0.0% |
| Capital | 10 | €404,368 | €404,368 | = | 0.0% |
| Issued capital | 100 | €404,368 | €404,368 | = | 0.0% |
| Revaluation surpluses | 12 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €4,803 | €4,803 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,803 | €4,803 | = | 0.0% |
| Legal reserve | 130 | €4,803 | €4,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€931,094 | -€838,787 | +€92,308 | +9.9% |
| Amounts payable | 17/49 | €1,417,884 | €2,083,865 | +€665,981 | +47.0% |
| Amounts payable after more than one year | 17 | €633,854 | €849,427 | +€215,573 | +34.0% |
| Financial debts | 170/4 | €633,854 | €849,427 | +€215,573 | +34.0% |
| Amounts payable within one year | 42/48 | €784,030 | €1,234,438 | +€450,408 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €73,595 | €121,027 | +€47,432 | +64.5% |
| Trade debts | 44 | €519,654 | €976,816 | +€457,162 | +88.0% |
| Suppliers | 440/4 | €519,654 | €976,816 | +€457,162 | +88.0% |
| Taxes, remuneration and social security | 45 | €109,269 | €77,583 | -€31,686 | -29.0% |
| Taxes | 450/3 | €109,269 | €77,583 | -€31,686 | -29.0% |
| Other amounts payable | 47/48 | €81,513 | €59,013 | -€22,500 | -27.6% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €261,117 | €227,157 | -€33,960 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,006 | €55,105 | +€16,099 | +41.3% |
| Other operating charges | 640/8 | €34,657 | €1,814 | -€32,843 | -94.8% |
| Gross operating margin | 9900 | -€33,612 | €404,029 | +€437,641 | |
| Operating profit (loss) | 9901 | -€368,391 | €119,953 | +€488,345 | |
| Financial income | 75/76B | - | €416 | +€416 | |
| Recurring financial income | 75 | - | €416 | +€416 | |
| Financial charges | 65/66B | €72,885 | €28,061 | -€44,824 | -61.5% |
| Recurring financial charges | 65 | €72,885 | €28,061 | -€44,824 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | -€441,277 | €92,308 | +€533,584 | |
| Profit (loss) for the period | 9904 | -€441,277 | €92,308 | +€533,584 | |
| Profit (loss) for the period to be appropriated | 9905 | -€441,277 | €92,308 | +€533,584 |
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 1 November 2026 via checked.be.