Meulmeester: 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.
Meulmeester
Largest movements
- Cash -€73,863
down €73,863 (-28.5%), from €259,326 to €185,462
mainly Contributions, distributions and other (-€38,993) and Receivables within one year (-€26,084)
- Receivables within one year +€26,084
up €26,084 (+66.9%), from €38,981 to €65,065
of which Trade receivables: +€33,837
- Current investments +€26,000
new in 2025: €26,000
- Deferred charges and accrued income +€25,332
up €25,332 (+152.7%), from €16,593 to €41,925
- Trade debts +€27,035
up €27,035 (+749.7%), from €3,606 to €30,641
- Tax, wage and social debts -€17,413
down €17,413 (-64.3%), from €27,075 to €9,662
of which Taxes: -€17,413
- Reserves -€8,050
down €8,050 (-3.7%), from €219,640 to €211,589
- Gross operating margin -€50,992
down €50,992 (-50.5%), from €101,052 to €50,060
- Taxes -€10,024
down €10,024 (-50.5%), from €19,848 to €9,823
- Depreciation -€2,081
down €2,081 (-51.3%), from €4,057 to €1,976
- Financial charges +€1,780
up €1,780 (+62.5%), from €2,850 to €4,630
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.
Cash bridge derived
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 | €318,722 | €320,299 | +€1,577 | +0.5% |
| Fixed assets | 21/28 | €3,823 | €1,847 | -€1,976 | -51.7% |
| Tangible fixed assets | 22/27 | €3,823 | €1,847 | -€1,976 | -51.7% |
| Plant, machinery and equipment | 23 | €1,286 | €623 | -€663 | -51.6% |
| Furniture and vehicles | 24 | €2,537 | €1,224 | -€1,313 | -51.7% |
| Current assets | 29/58 | €314,899 | €318,451 | +€3,553 | +1.1% |
| Amounts receivable within one year | 40/41 | €38,981 | €65,065 | +€26,084 | +66.9% |
| Trade receivables | 40 | €898 | €34,735 | +€33,837 | +3768.6% |
| Other amounts receivable | 41 | €38,083 | €30,329 | -€7,753 | -20.4% |
| Current investments | 50/53 | - | €26,000 | +€26,000 | |
| Cash at bank and in hand | 54/58 | €259,326 | €185,462 | -€73,863 | -28.5% |
| Deferred charges and accrued income | 490/1 | €16,593 | €41,925 | +€25,332 | +152.7% |
| Total equity and liabilities | 10/49 | €318,722 | €320,299 | +€1,577 | +0.5% |
| Equity | 10/15 | €222,640 | €214,589 | -€8,050 | -3.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €219,640 | €211,589 | -€8,050 | -3.7% |
| Distributable reserves | 133 | €219,640 | €211,589 | -€8,050 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,082 | €105,709 | +€9,627 | +10.0% |
| Amounts payable within one year | 42/48 | €95,681 | €105,537 | +€9,856 | +10.3% |
| Trade debts | 44 | €3,606 | €30,641 | +€27,035 | +749.7% |
| Suppliers | 440/4 | €3,606 | €30,641 | +€27,035 | +749.7% |
| Taxes, remuneration and social security | 45 | €27,075 | €9,662 | -€17,413 | -64.3% |
| Taxes | 450/3 | €24,125 | €6,712 | -€17,413 | -72.2% |
| Remuneration and social security | 454/9 | €2,950 | €2,950 | = | 0.0% |
| Other amounts payable | 47/48 | €65,000 | €65,234 | +€234 | +0.4% |
| Accrued charges and deferred income | 492/3 | €401 | €172 | -€229 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,057 | €1,976 | -€2,081 | -51.3% |
| Other operating charges | 640/8 | €1,686 | €2,688 | +€1,002 | +59.4% |
| Gross operating margin | 9900 | €101,052 | €50,060 | -€50,992 | -50.5% |
| Operating profit (loss) | 9901 | €95,309 | €45,396 | -€49,913 | -52.4% |
| Financial income | 75/76B | €439 | €0 | -€439 | -100.0% |
| Recurring financial income | 75 | €439 | €0 | -€439 | -100.0% |
| Financial charges | 65/66B | €2,850 | €4,630 | +€1,780 | +62.5% |
| Recurring financial charges | 65 | €2,850 | €4,630 | +€1,780 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €92,898 | €40,766 | -€52,132 | -56.1% |
| Income taxes | 67/77 | €19,848 | €9,823 | -€10,024 | -50.5% |
| Profit (loss) for the period | 9904 | €73,050 | €30,943 | -€42,107 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,050 | €30,943 | -€42,107 | -57.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.