MEULENHOEF: 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.
MEULENHOEF
Largest movements
- Tangible fixed assets -€13,577
down €13,577 (-41.7%), from €32,564 to €18,986
of which Furniture and vehicles: -€10,330
- Cash -€8,973
down €8,973 (-6.4%), from €140,950 to €131,976
mainly Other debts (-€24,639) and Trade debts (-€2,971)
- Stocks and contracts -€2,879
down €2,879 (-91.2%), from €3,155 to €276
- Receivables within one year -€2,698
down €2,698 (-10.7%), from €25,211 to €22,514
of which Trade receivables: -€11,961
- Other debts -€24,639
down €24,639 (-16.1%), from €152,771 to €128,132
- Trade debts -€2,971
down €2,971 (-37.5%), from €7,919 to €4,948
- Gross operating margin -€51,391
down €51,391 (-77.4%), from €66,389 to €14,998
- Depreciation -€3,091
down €3,091 (-18.5%), from €16,668 to €13,577
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 | €212,704 | €184,438 | -€28,265 | -13.3% |
| Fixed assets | 21/28 | €40,828 | €27,251 | -€13,577 | -33.3% |
| Tangible fixed assets | 22/27 | €32,564 | €18,986 | -€13,577 | -41.7% |
| Plant, machinery and equipment | 23 | €9,332 | €6,085 | -€3,247 | -34.8% |
| Furniture and vehicles | 24 | €23,231 | €12,901 | -€10,330 | -44.5% |
| Financial fixed assets | 28 | €8,265 | €8,265 | = | 0.0% |
| Current assets | 29/58 | €171,875 | €157,187 | -€14,688 | -8.5% |
| Stocks and contracts in progress | 3 | €3,155 | €276 | -€2,879 | -91.2% |
| Stocks | 30/36 | €3,155 | €276 | -€2,879 | -91.2% |
| Amounts receivable within one year | 40/41 | €25,211 | €22,514 | -€2,698 | -10.7% |
| Trade receivables | 40 | €25,211 | €13,250 | -€11,961 | -47.4% |
| Other amounts receivable | 41 | - | €9,264 | +€9,264 | |
| Cash at bank and in hand | 54/58 | €140,950 | €131,976 | -€8,973 | -6.4% |
| Deferred charges and accrued income | 490/1 | €2,560 | €2,421 | -€139 | -5.4% |
| Total equity and liabilities | 10/49 | €212,704 | €184,438 | -€28,265 | -13.3% |
| Equity | 10/15 | €50,337 | €50,669 | +€332 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,863 | -€17,531 | +€332 | +1.9% |
| Amounts payable | 17/49 | €162,366 | €133,769 | -€28,597 | -17.6% |
| Amounts payable within one year | 42/48 | €162,366 | €133,769 | -€28,597 | -17.6% |
| Trade debts | 44 | €7,919 | €4,948 | -€2,971 | -37.5% |
| Suppliers | 440/4 | €7,919 | €4,948 | -€2,971 | -37.5% |
| Taxes, remuneration and social security | 45 | €1,676 | €689 | -€987 | -58.9% |
| Taxes | 450/3 | €1,676 | €689 | -€987 | -58.9% |
| Other amounts payable | 47/48 | €152,771 | €128,132 | -€24,639 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,668 | €13,577 | -€3,091 | -18.5% |
| Other operating charges | 640/8 | €727 | €970 | +€243 | +33.4% |
| Gross operating margin | 9900 | €66,389 | €14,998 | -€51,391 | -77.4% |
| Operating profit (loss) | 9901 | €48,994 | €450 | -€48,543 | -99.1% |
| Financial income | 75/76B | €0 | €4 | +€3 | +631% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +631% |
| Financial charges | 65/66B | €108 | €60 | -€47 | -43.9% |
| Recurring financial charges | 65 | €108 | €60 | -€47 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €48,887 | €393 | -€48,493 | -99.2% |
| Income taxes | 67/77 | €16 | €62 | +€46 | +297% |
| Profit (loss) for the period | 9904 | €48,871 | €332 | -€48,539 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,871 | €332 | -€48,539 | -99.3% |
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 14 October 2026 via checked.be.