MEUREAU GUY: 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.
MEUREAU GUY
Largest movements
- Receivables within one year -€32,130
down €32,130 (-51.4%), from €62,465 to €30,335
of which Other amounts receivable: -€20,668
- Deferred charges and accrued income -€14,884
down €14,884 (-33.6%), from €44,262 to €29,378
- Reserves -€23,294
down €23,294 (-3.6%), from €655,455 to €632,161
- Debts after one year -€11,332
no longer reported in 2025 (was €11,332)
- Other debts -€9,222
down €9,222 (-19.1%), from €48,193 to €38,971
- Gross operating margin -€20,955
down €20,955 (-38.1%), from €54,940 to €33,985
- Depreciation +€6,100
up €6,100 (+57.8%), from €10,556 to €16,656
- Financial income -€5,629
down €5,629 (-31.4%), from €17,914 to €12,284
of which Non-recurring financial income: -€6,183
- Taxes -€5,553
down €5,553 (-88.1%), from €6,299 to €747
- Financial charges -€736
down €736 (-15.4%), from €4,795 to €4,059
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 | €793,409 | €755,356 | -€38,052 | -4.8% |
| Fixed assets | 21/28 | €99,660 | €95,775 | -€3,885 | -3.9% |
| Tangible fixed assets | 22/27 | €99,660 | €95,775 | -€3,885 | -3.9% |
| Land and buildings | 22 | €71,870 | €75,693 | +€3,823 | +5.3% |
| Plant, machinery and equipment | 23 | €5,781 | €3,651 | -€2,130 | -36.8% |
| Furniture and vehicles | 24 | €22,009 | €16,431 | -€5,579 | -25.3% |
| Current assets | 29/58 | €693,749 | €659,582 | -€34,167 | -4.9% |
| Stocks and contracts in progress | 3 | €248,386 | €255,655 | +€7,269 | +2.9% |
| Stocks | 30/36 | €248,386 | €255,655 | +€7,269 | +2.9% |
| Amounts receivable within one year | 40/41 | €62,465 | €30,335 | -€32,130 | -51.4% |
| Trade receivables | 40 | €12,865 | €1,403 | -€11,462 | -89.1% |
| Other amounts receivable | 41 | €49,600 | €28,932 | -€20,668 | -41.7% |
| Current investments | 50/53 | €236,000 | €236,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,636 | €108,214 | +€5,578 | +5.4% |
| Deferred charges and accrued income | 490/1 | €44,262 | €29,378 | -€14,884 | -33.6% |
| Total equity and liabilities | 10/49 | €793,409 | €755,356 | -€38,052 | -4.8% |
| Equity | 10/15 | €705,034 | €681,740 | -€23,294 | -3.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €655,455 | €632,161 | -€23,294 | -3.6% |
| Distributable reserves | 133 | €655,455 | €632,161 | -€23,294 | -3.6% |
| Amounts payable | 17/49 | €88,375 | €73,617 | -€14,758 | -16.7% |
| Amounts payable after more than one year | 17 | €11,332 | - | -€11,332 | |
| Financial debts | 170/4 | €11,332 | - | -€11,332 | |
| Amounts payable within one year | 42/48 | €77,043 | €73,603 | -€3,440 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €10,982 | €11,332 | +€349 | +3.2% |
| Trade debts | 44 | €9,486 | €7,208 | -€2,278 | -24.0% |
| Suppliers | 440/4 | €9,486 | €7,208 | -€2,278 | -24.0% |
| Taxes, remuneration and social security | 45 | €8,382 | €16,093 | +€7,711 | +92.0% |
| Taxes | 450/3 | €1,284 | €1,306 | +€22 | +1.7% |
| Remuneration and social security | 454/9 | €7,098 | €14,787 | +€7,689 | +108% |
| Other amounts payable | 47/48 | €48,193 | €38,971 | -€9,222 | -19.1% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Remuneration, social security and pensions | 62 | €40,005 | €39,971 | -€34 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,556 | €16,656 | +€6,100 | +57.8% |
| Other operating charges | 640/8 | €8,675 | €8,132 | -€543 | -6.3% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €54,940 | €33,985 | -€20,955 | -38.1% |
| Operating profit (loss) | 9901 | -€4,422 | -€30,773 | -€26,352 | -596% |
| Financial income | 75/76B | €17,914 | €12,284 | -€5,629 | -31.4% |
| Recurring financial income | 75 | €11,731 | €12,284 | +€554 | +4.7% |
| Non-recurring financial income | 76B | €6,183 | - | -€6,183 | |
| Financial charges | 65/66B | €4,795 | €4,059 | -€736 | -15.4% |
| Recurring financial charges | 65 | €4,795 | €4,059 | -€736 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €8,697 | -€22,548 | -€31,245 | |
| Income taxes | 67/77 | €6,299 | €747 | -€5,553 | -88.1% |
| Profit (loss) for the period | 9904 | €2,398 | -€23,294 | -€25,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,398 | -€23,294 | -€25,692 |
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 18 October 2026 via checked.be.