Meurens Frères: 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.
Meurens Frères
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+4,445%), from €26,276 to €1.2m
of which Land and buildings: +€940,822
- Receivables within one year -€298,825
down €298,825 (-13.4%), from €2.2m to €1.9m
of which Other amounts receivable: -€285,822
- Deferred charges and accrued income -€79,755
down €79,755 (-66.2%), from €120,469 to €40,714
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€219,853
down €219,853 (-12.7%), from €1.7m to €1.5m
- Debts after one year +€160,334
up €160,334 (+116%), from €138,136 to €298,470
- Other debts -€160,000
down €160,000 (-44.4%), from €360,000 to €200,000
- Tax, wage and social debts -€58,166
down €58,166 (-85.6%), from €67,956 to €9,790
of which Taxes: -€56,561
- Depreciation +€147,295
up €147,295 (+948%), from €15,530 to €162,825
- Staff costs -€59,047
no longer reported in 2025 (was €59,047)
- Gross operating margin -€47,219
down €47,219 (-34.4%), from €137,358 to €90,138
- Taxes -€40,438
no longer reported in 2025 (was €40,438)
- Financial charges +€23,619
up €23,619 (+394%), from €5,997 to €29,616
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 | €2,402,922 | €3,198,394 | +€795,472 | +33.1% |
| Fixed assets | 21/28 | €26,276 | €1,194,237 | +€1.2m | +4,445% |
| Tangible fixed assets | 22/27 | €26,276 | €1,194,237 | +€1.2m | +4,445% |
| Land and buildings | 22 | - | €940,822 | +€940,822 | |
| Plant, machinery and equipment | 23 | €5,718 | €3,321 | -€2,397 | -41.9% |
| Furniture and vehicles | 24 | €20,558 | €250,094 | +€229,537 | +1,117% |
| Current assets | 29/58 | €2,376,646 | €2,004,157 | -€372,489 | -15.7% |
| Amounts receivable within one year | 40/41 | €2,229,020 | €1,930,194 | -€298,825 | -13.4% |
| Trade receivables | 40 | €99,721 | €86,718 | -€13,003 | -13.0% |
| Other amounts receivable | 41 | €2,129,299 | €1,843,477 | -€285,822 | -13.4% |
| Cash at bank and in hand | 54/58 | €27,157 | €33,248 | +€6,091 | +22.4% |
| Deferred charges and accrued income | 490/1 | €120,469 | €40,714 | -€79,755 | -66.2% |
| Total equity and liabilities | 10/49 | €2,402,922 | €3,198,394 | +€795,472 | +33.1% |
| Equity | 10/15 | €1,824,931 | €1,605,078 | -€219,853 | -12.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,724,931 | €1,505,078 | -€219,853 | -12.7% |
| Amounts payable | 17/49 | €577,991 | €1,593,316 | +€1.0m | +176% |
| Amounts payable after more than one year | 17 | €138,136 | €298,470 | +€160,334 | +116% |
| Financial debts | 170/4 | €138,136 | €298,470 | +€160,334 | +116% |
| Amounts payable within one year | 42/48 | €439,855 | €1,294,846 | +€854,992 | +194% |
| Current portion of amounts payable after more than one year | 42 | €4,633 | €1,952 | -€2,681 | -57.9% |
| Financial debts | 43 | - | €1,068,358 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,068,358 | +€1.1m | |
| Trade debts | 44 | €7,266 | €14,747 | +€7,481 | +103% |
| Suppliers | 440/4 | €7,266 | €14,747 | +€7,481 | +103% |
| Taxes, remuneration and social security | 45 | €67,956 | €9,790 | -€58,166 | -85.6% |
| Taxes | 450/3 | €66,351 | €9,790 | -€56,561 | -85.2% |
| Remuneration and social security | 454/9 | €1,604 | - | -€1,604 | |
| Other amounts payable | 47/48 | €360,000 | €200,000 | -€160,000 | -44.4% |
| Remuneration, social security and pensions | 62 | €59,047 | - | -€59,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,530 | €162,825 | +€147,295 | +948% |
| Other operating charges | 640/8 | €6,591 | €1,653 | -€4,937 | -74.9% |
| Gross operating margin | 9900 | €137,358 | €90,138 | -€47,219 | -34.4% |
| Operating profit (loss) | 9901 | €56,191 | -€74,340 | -€130,530 | |
| Financial income | 75/76B | €103,499 | €84,103 | -€19,395 | -18.7% |
| Recurring financial income | 75 | €103,499 | €84,103 | -€19,395 | -18.7% |
| Financial charges | 65/66B | €5,997 | €29,616 | +€23,619 | +394% |
| Recurring financial charges | 65 | €5,997 | €29,616 | +€23,619 | +394% |
| Profit (loss) for the period before taxes | 9903 | €153,692 | -€19,853 | -€173,545 | |
| Income taxes | 67/77 | €40,438 | - | -€40,438 | |
| Profit (loss) for the period | 9904 | €113,254 | -€19,853 | -€133,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,254 | -€19,853 | -€133,107 |
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 31 October 2026 via checked.be.