MEULENVELD: what changed
What changed
MEULENVELD
filed annual accounts (NBB)
Net result for the year
€42,848
2024 · €76,026-€33,178
Equity
€4.1m
2024 · €4.1m+€42,848
Cash
€29,294
2024 · €58,708-€29,413
Balance sheet total
€7.4m
2024 · €7.2m+€140,421
Largest movements
Assets
- Stocks and contracts +€221,067
up €221,067 (+4.2%), from €5.2m to €5.4m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€45,715
down €45,715 (-27.2%), from €168,113 to €122,398
- Taxes -€12,778
down €12,778 (-34.2%), from €37,382 to €24,603
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
€76,026
Gross operating margin
-€45,715
Depreciation
-€488
Other operating charges
+€283
Financial income
-€30
Financial charges
-€6
Taxes
+€12,778
Result 2025
€42,848
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
-€43,359
Investment
€0
Financing
+€13,946
Cash 2024
€58,708
From operations (derived)
-€43,359
Net result for the year
+€42,848
Depreciation
+€52,240
Stocks and contracts
-€221,067
Deferred charges and accrued income
-€1,008
Trade debts
+€45,228
Tax, wage and social debts
-€15,475
Accrued charges and deferred income
+€53,873
Financing
+€13,946
Short-term financial debts
+€13,946
Cash 2025
€29,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,221,933 | €7,362,354 | +€140,421 | +1.9% |
| Fixed assets | 21/28 | €1,830,266 | €1,778,026 | -€52,240 | -2.9% |
| Tangible fixed assets | 22/27 | €1,830,266 | €1,778,026 | -€52,240 | -2.9% |
| Land and buildings | 22 | €1,823,292 | €1,776,400 | -€46,892 | -2.6% |
| Furniture and vehicles | 24 | €6,975 | €1,626 | -€5,348 | -76.7% |
| Current assets | 29/58 | €5,391,666 | €5,584,327 | +€192,661 | +3.6% |
| Stocks and contracts in progress | 3 | €5,226,535 | €5,447,602 | +€221,067 | +4.2% |
| Stocks | 30/36 | €5,226,535 | €5,447,602 | +€221,067 | +4.2% |
| Amounts receivable within one year | 40/41 | €105,000 | €105,000 | = | 0.0% |
| Trade receivables | 40 | €105,000 | €105,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,708 | €29,294 | -€29,413 | -50.1% |
| Deferred charges and accrued income | 490/1 | €1,423 | €2,431 | +€1,008 | +70.8% |
| Total equity and liabilities | 10/49 | €7,221,933 | €7,362,354 | +€140,421 | +1.9% |
| Equity | 10/15 | €4,054,437 | €4,097,285 | +€42,848 | +1.1% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €2,054,437 | €2,097,285 | +€42,848 | +2.1% |
| Non-distributable reserves | 130/1 | €128,604 | €130,746 | +€2,142 | +1.7% |
| Legal reserve | 130 | €128,604 | €130,746 | +€2,142 | +1.7% |
| Distributable reserves | 133 | €1,925,833 | €1,966,539 | +€40,706 | +2.1% |
| Amounts payable | 17/49 | €3,167,496 | €3,265,069 | +€97,573 | +3.1% |
| Amounts payable within one year | 42/48 | €2,860,464 | €2,904,163 | +€43,700 | +1.5% |
| Financial debts | 43 | €2,768,128 | €2,782,073 | +€13,946 | +0.5% |
| Other loans | 439 | €2,768,128 | €2,782,073 | +€13,946 | +0.5% |
| Trade debts | 44 | €958 | €46,187 | +€45,228 | +4,720% |
| Suppliers | 440/4 | €958 | €46,187 | +€45,228 | +4,720% |
| Advances received on contracts in progress | 46 | €51,300 | €51,300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,078 | €24,603 | -€15,475 | -38.6% |
| Taxes | 450/3 | €40,078 | €24,603 | -€15,475 | -38.6% |
| Accrued charges and deferred income | 492/3 | €307,032 | €360,905 | +€53,873 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,752 | €52,240 | +€488 | +0.9% |
| Other operating charges | 640/8 | €2,886 | €2,603 | -€283 | -9.8% |
| Gross operating margin | 9900 | €168,113 | €122,398 | -€45,715 | -27.2% |
| Operating profit (loss) | 9901 | €113,475 | €67,555 | -€45,920 | -40.5% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €98 | €104 | +€6 | +5.9% |
| Recurring financial charges | 65 | €98 | €104 | +€6 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €113,407 | €67,452 | -€45,956 | -40.5% |
| Income taxes | 67/77 | €37,382 | €24,603 | -€12,778 | -34.2% |
| Profit (loss) for the period | 9904 | €76,026 | €42,848 | -€33,178 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,026 | €42,848 | -€33,178 | -43.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.