MEULEN: what changed
Two fiscal 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.
MEULEN
Largest movements
- Receivables within one year -€8,164
down €8,164 (-7.7%), from €106,139 to €97,975
of which Other amounts receivable: -€7,139
- Stocks and contracts -€7,105
down €7,105 (-58.1%), from €12,222 to €5,117
of which Contracts in progress: -€3,872
- Cash +€6,447
up €6,447 (+32.6%), from €19,782 to €26,228
mainly Net result for the year (+€10,051) and Receivables within one year (+€8,164)
- Other debts -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Trade debts -€1,715
down €1,715 (-8.2%), from €21,040 to €19,325
- Tax, wage and social debts -€1,640
down €1,640 (-97.6%), from €1,680 to €40
- Gross operating margin -€20,218
down €20,218 (-70.1%), from €28,847 to €8,629
- Depreciation -€1,951
down €1,951 (-45.8%), from €4,262 to €2,311
- Taxes -€1,644
down €1,644 (-97.8%), from €1,680 to €36
- Financial income +€973
up €973 (+20.0%), from €4,873 to €5,846
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 | €143,783 | €135,479 | -€8,304 | -5.8% |
| Fixed assets | 21/28 | €4,497 | €4,593 | +€97 | +2.2% |
| Tangible fixed assets | 22/27 | €4,497 | €4,593 | +€97 | +2.2% |
| Plant, machinery and equipment | 23 | - | €2,048 | +€2,048 | |
| Furniture and vehicles | 24 | €960 | €41 | -€918 | -95.7% |
| Other tangible fixed assets | 26 | €3,537 | €2,504 | -€1,033 | -29.2% |
| Current assets | 29/58 | €139,287 | €130,886 | -€8,401 | -6.0% |
| Stocks and contracts in progress | 3 | €12,222 | €5,117 | -€7,105 | -58.1% |
| Stocks | 30/36 | €7,501 | €4,268 | -€3,233 | -43.1% |
| Contracts in progress | 37 | €4,721 | €849 | -€3,872 | -82.0% |
| Amounts receivable within one year | 40/41 | €106,139 | €97,975 | -€8,164 | -7.7% |
| Trade receivables | 40 | €3,526 | €2,500 | -€1,026 | -29.1% |
| Other amounts receivable | 41 | €102,613 | €95,475 | -€7,139 | -7.0% |
| Cash at bank and in hand | 54/58 | €19,782 | €26,228 | +€6,447 | +32.6% |
| Deferred charges and accrued income | 490/1 | €1,143 | €1,566 | +€422 | +36.9% |
| Total equity and liabilities | 10/49 | €143,783 | €135,479 | -€8,304 | -5.8% |
| Equity | 10/15 | €106,063 | €106,114 | +€51 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,803 | €91,854 | +€51 | +0.1% |
| Amounts payable | 17/49 | €37,720 | €29,365 | -€8,355 | -22.1% |
| Amounts payable within one year | 42/48 | €37,720 | €29,365 | -€8,355 | -22.1% |
| Trade debts | 44 | €21,040 | €19,325 | -€1,715 | -8.2% |
| Suppliers | 440/4 | €21,040 | €19,325 | -€1,715 | -8.2% |
| Taxes, remuneration and social security | 45 | €1,680 | €40 | -€1,640 | -97.6% |
| Taxes | 450/3 | €1,680 | €40 | -€1,640 | -97.6% |
| Other amounts payable | 47/48 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,262 | €2,311 | -€1,951 | -45.8% |
| Other operating charges | 640/8 | €2,278 | €2,025 | -€253 | -11.1% |
| Gross operating margin | 9900 | €28,847 | €8,629 | -€20,218 | -70.1% |
| Operating profit (loss) | 9901 | €22,308 | €4,293 | -€18,015 | -80.8% |
| Financial income | 75/76B | €4,873 | €5,846 | +€973 | +20.0% |
| Recurring financial income | 75 | €4,873 | €5,846 | +€973 | +20.0% |
| Financial charges | 65/66B | €61 | €52 | -€9 | -14.7% |
| Recurring financial charges | 65 | €61 | €52 | -€9 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €27,121 | €10,088 | -€17,033 | -62.8% |
| Income taxes | 67/77 | €1,680 | €36 | -€1,644 | -97.8% |
| Profit (loss) for the period | 9904 | €25,441 | €10,051 | -€15,389 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,441 | €10,051 | -€15,389 | -60.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.