MEULEMEESTER: 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.
MEULEMEESTER
Largest movements
- Tangible fixed assets +€79,693
up €79,693 (+74.7%), from €106,743 to €186,436
of which Other tangible fixed assets: +€59,496
- Cash +€16,290
up €16,290 (+123%), from €13,226 to €29,516
mainly Debts after one year (+€43,642) and Depreciation (+€26,105)
- Receivables within one year -€5,383
down €5,383 (-76.9%), from €7,000 to €1,617
of which Trade receivables: -€5,392
- Debts after one year +€43,642
up €43,642 (+17.1%), from €255,000 to €298,642
of which Financial debts: +€43,642
- Trade debts +€13,794
up €13,794 (+52.9%), from €26,064 to €39,859
- Other debts +€11,947
up €11,947 (+632%), from €1,890 to €13,837
- Current portion of long-term debt +€11,350
up €11,350 (+94.6%), from €12,000 to €23,350
- Profit (loss) carried forward +€10,864
up €10,864 (+6.1%), from -€179,102 to -€168,238
- Gross operating margin +€27,237
up €27,237 (+47.7%), from €57,115 to €84,353
- Staff costs +€17,999
up €17,999 (+76.6%), from €23,491 to €41,490
- Depreciation +€6,318
up €6,318 (+31.9%), from €19,786 to €26,105
- Financial charges +€1,938
up €1,938 (+112%), from €1,724 to €3,663
- Other operating charges -€1,029
down €1,029 (-32.1%), from €3,209 to €2,180
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 | €140,963 | €232,964 | +€92,001 | +65.3% |
| Fixed assets | 21/28 | €106,743 | €186,436 | +€79,693 | +74.7% |
| Tangible fixed assets | 22/27 | €106,743 | €186,436 | +€79,693 | +74.7% |
| Plant, machinery and equipment | 23 | €19,884 | €15,517 | -€4,367 | -22.0% |
| Furniture and vehicles | 24 | €2,522 | €27,086 | +€24,564 | +974% |
| Other tangible fixed assets | 26 | €84,337 | €143,834 | +€59,496 | +70.5% |
| Current assets | 29/58 | €34,219 | €46,528 | +€12,308 | +36.0% |
| Stocks and contracts in progress | 3 | €11,387 | €10,577 | -€810 | -7.1% |
| Stocks | 30/36 | €11,387 | €10,577 | -€810 | -7.1% |
| Amounts receivable within one year | 40/41 | €7,000 | €1,617 | -€5,383 | -76.9% |
| Trade receivables | 40 | €6,924 | €1,532 | -€5,392 | -77.9% |
| Other amounts receivable | 41 | €77 | €85 | +€8 | +10.9% |
| Cash at bank and in hand | 54/58 | €13,226 | €29,516 | +€16,290 | +123% |
| Deferred charges and accrued income | 490/1 | €2,607 | €4,818 | +€2,211 | +84.8% |
| Total equity and liabilities | 10/49 | €140,963 | €232,964 | +€92,001 | +65.3% |
| Equity | 10/15 | -€160,502 | -€149,638 | +€10,864 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,102 | -€168,238 | +€10,864 | +6.1% |
| Amounts payable | 17/49 | €301,464 | €382,601 | +€81,137 | +26.9% |
| Amounts payable after more than one year | 17 | €255,000 | €298,642 | +€43,642 | +17.1% |
| Financial debts | 170/4 | €8,000 | €51,642 | +€43,642 | +546% |
| Other amounts payable | 178/9 | €247,000 | €247,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,977 | €83,960 | +€38,983 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €23,350 | +€11,350 | +94.6% |
| Trade debts | 44 | €26,064 | €39,859 | +€13,794 | +52.9% |
| Suppliers | 440/4 | €26,064 | €39,859 | +€13,794 | +52.9% |
| Advances received on contracts in progress | 46 | - | €32 | +€32 | |
| Taxes, remuneration and social security | 45 | €5,022 | €6,882 | +€1,860 | +37.0% |
| Taxes | 450/3 | €3,552 | €3,378 | -€174 | -4.9% |
| Remuneration and social security | 454/9 | €1,470 | €3,504 | +€2,034 | +138% |
| Other amounts payable | 47/48 | €1,890 | €13,837 | +€11,947 | +632% |
| Accrued charges and deferred income | 492/3 | €1,487 | €0 | -€1,487 | -100% |
| Remuneration, social security and pensions | 62 | €23,491 | €41,490 | +€17,999 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,786 | €26,105 | +€6,318 | +31.9% |
| Other operating charges | 640/8 | €3,209 | €2,180 | -€1,029 | -32.1% |
| Gross operating margin | 9900 | €57,115 | €84,353 | +€27,237 | +47.7% |
| Operating profit (loss) | 9901 | €10,630 | €14,579 | +€3,949 | +37.1% |
| Financial income | 75/76B | €0 | €68 | +€68 | +29,435% |
| Recurring financial income | 75 | €0 | €68 | +€68 | +29,435% |
| Financial charges | 65/66B | €1,724 | €3,663 | +€1,938 | +112% |
| Recurring financial charges | 65 | €1,724 | €3,663 | +€1,938 | +112% |
| Profit (loss) for the period before taxes | 9903 | €8,906 | €10,984 | +€2,078 | +23.3% |
| Income taxes | 67/77 | €120 | €120 | = | 0.0% |
| Profit (loss) for the period | 9904 | €8,786 | €10,864 | +€2,078 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,786 | €10,864 | +€2,078 | +23.7% |
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 17 October 2026 via checked.be.