Meulstone PM: 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.
Meulstone PM
Largest movements
- Tangible fixed assets -€40,285
down €40,285 (-49.6%), from €81,180 to €40,896
of which Furniture and vehicles: -€37,942
- Receivables within one year +€17,483
up €17,483 (+191%), from €9,174 to €26,656
of which Trade receivables: +€24,658
- Cash +€7,778
up €7,778 (+105%), from €7,428 to €15,206
mainly Depreciation (+€40,285) and Net result for the year (+€7,817)
- Debts after one year -€18,262
down €18,262 (-40.5%), from €45,104 to €26,842
- Other debts -€8,760
down €8,760 (-63.3%), from €13,844 to €5,084
- Reserves +€7,817
up €7,817 (+57.3%), from €13,652 to €21,469
- Tax, wage and social debts +€2,120
up €2,120 (+82.2%), from €2,578 to €4,698
of which Taxes: +€2,120
- Trade debts +€1,006
up €1,006 (+59.8%), from €1,683 to €2,689
- Gross operating margin +€23,942
up €23,942 (+78.4%), from €30,521 to €54,463
- Depreciation +€14,350
up €14,350 (+55.3%), from €25,935 to €40,285
- Taxes +€3,041
up €3,041 (+271%), from €1,122 to €4,163
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 | €99,714 | €84,043 | -€15,670 | -15.7% |
| Fixed assets | 21/28 | €81,180 | €40,896 | -€40,285 | -49.6% |
| Tangible fixed assets | 22/27 | €81,180 | €40,896 | -€40,285 | -49.6% |
| Plant, machinery and equipment | 23 | €4,008 | €1,665 | -€2,343 | -58.5% |
| Furniture and vehicles | 24 | €77,172 | €39,231 | -€37,942 | -49.2% |
| Current assets | 29/58 | €18,534 | €43,148 | +€24,614 | +133% |
| Amounts receivable within one year | 40/41 | €9,174 | €26,656 | +€17,483 | +191% |
| Trade receivables | 40 | €1,158 | €25,816 | +€24,658 | +2,128% |
| Other amounts receivable | 41 | €8,015 | €840 | -€7,175 | -89.5% |
| Cash at bank and in hand | 54/58 | €7,428 | €15,206 | +€7,778 | +105% |
| Deferred charges and accrued income | 490/1 | €1,932 | €1,286 | -€647 | -33.5% |
| Total equity and liabilities | 10/49 | €99,714 | €84,043 | -€15,670 | -15.7% |
| Equity | 10/15 | €18,652 | €26,469 | +€7,817 | +41.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,652 | €21,469 | +€7,817 | +57.3% |
| Distributable reserves | 133 | €13,652 | €21,469 | +€7,817 | +57.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,062 | €57,575 | -€23,487 | -29.0% |
| Amounts payable after more than one year | 17 | €45,104 | €26,842 | -€18,262 | -40.5% |
| Financial debts | 170/4 | €45,104 | €26,842 | -€18,262 | -40.5% |
| Amounts payable within one year | 42/48 | €35,958 | €30,733 | -€5,225 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €17,854 | €18,262 | +€409 | +2.3% |
| Trade debts | 44 | €1,683 | €2,689 | +€1,006 | +59.8% |
| Suppliers | 440/4 | €1,683 | €2,689 | +€1,006 | +59.8% |
| Taxes, remuneration and social security | 45 | €2,578 | €4,698 | +€2,120 | +82.2% |
| Taxes | 450/3 | €2,578 | €4,698 | +€2,120 | +82.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,844 | €5,084 | -€8,760 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,935 | €40,285 | +€14,350 | +55.3% |
| Other operating charges | 640/8 | €406 | €579 | +€173 | +42.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,521 | €54,463 | +€23,942 | +78.4% |
| Operating profit (loss) | 9901 | €4,180 | €13,600 | +€9,420 | +225% |
| Financial income | 75/76B | €65 | €11 | -€54 | -82.9% |
| Recurring financial income | 75 | €65 | €11 | -€54 | -82.9% |
| Financial charges | 65/66B | €1,788 | €1,630 | -€158 | -8.8% |
| Recurring financial charges | 65 | €1,788 | €1,630 | -€158 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €2,456 | €11,980 | +€9,524 | +388% |
| Income taxes | 67/77 | €1,122 | €4,163 | +€3,041 | +271% |
| Profit (loss) for the period | 9904 | €1,334 | €7,817 | +€6,483 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €1,334 | €7,817 | +€6,483 | +486% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.