MEURIS: 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.
MEURIS
Largest movements
- Current investments -€158,769
no longer reported in 2025 (was €158,769)
- Tangible fixed assets -€24,373
down €24,373 (-10.5%), from €231,985 to €207,612
of which Land and buildings: -€21,989
- Receivables within one year -€9,589
down €9,589 (-91.9%), from €10,432 to €843
of which Other amounts receivable: -€10,000
- Cash -€7,630
down €7,630 (-22.1%), from €34,536 to €26,906
mainly Other debts (-€161,000) and Trade debts (-€41,595)
- Other debts -€161,000
down €161,000 (-76.1%), from €211,537 to €50,537
- Short-term financial debts +€66,720
up €66,720 (+1,224%), from €5,450 to €72,170
- Trade debts -€41,595
down €41,595 (-64.8%), from €64,176 to €22,581
- Profit (loss) carried forward -€33,996
down €33,996 (-14.3%), from €238,121 to €204,125
- Advances received -€23,340
down €23,340 (-64.9%), from €35,990 to €12,650
- Gross operating margin +€25,385
up €25,385 (+22.5%), from €112,702 to €138,087
- Staff costs -€4,725
down €4,725 (-4.5%), from €105,208 to €100,484
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 | €657,254 | €452,436 | -€204,818 | -31.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €232,081 | €207,708 | -€24,373 | -10.5% |
| Tangible fixed assets | 22/27 | €231,985 | €207,612 | -€24,373 | -10.5% |
| Land and buildings | 22 | €223,697 | €201,708 | -€21,989 | -9.8% |
| Plant, machinery and equipment | 23 | €8,287 | €5,904 | -€2,384 | -28.8% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €425,173 | €244,727 | -€180,445 | -42.4% |
| Stocks and contracts in progress | 3 | €219,050 | €214,731 | -€4,319 | -2.0% |
| Stocks | 30/36 | €219,050 | €214,731 | -€4,319 | -2.0% |
| Amounts receivable within one year | 40/41 | €10,432 | €843 | -€9,589 | -91.9% |
| Trade receivables | 40 | €432 | €843 | +€411 | +95.0% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Current investments | 50/53 | €158,769 | - | -€158,769 | |
| Cash at bank and in hand | 54/58 | €34,536 | €26,906 | -€7,630 | -22.1% |
| Deferred charges and accrued income | 490/1 | €2,386 | €2,248 | -€138 | -5.8% |
| Total equity and liabilities | 10/49 | €657,254 | €452,436 | -€204,818 | -31.2% |
| Equity | 10/15 | €306,321 | €272,325 | -€33,996 | -11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,121 | €204,125 | -€33,996 | -14.3% |
| Amounts payable | 17/49 | €350,933 | €180,111 | -€170,822 | -48.7% |
| Amounts payable after more than one year | 17 | €14,368 | €8,070 | -€6,298 | -43.8% |
| Financial debts | 170/4 | €14,368 | €8,070 | -€6,298 | -43.8% |
| Amounts payable within one year | 42/48 | €336,565 | €172,041 | -€164,525 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €6,160 | €6,298 | +€138 | +2.2% |
| Financial debts | 43 | €5,450 | €72,170 | +€66,720 | +1,224% |
| Credit institutions | 430/8 | €5,450 | €72,170 | +€66,720 | +1,224% |
| Trade debts | 44 | €64,176 | €22,581 | -€41,595 | -64.8% |
| Suppliers | 440/4 | €64,176 | €22,581 | -€41,595 | -64.8% |
| Advances received on contracts in progress | 46 | €35,990 | €12,650 | -€23,340 | -64.9% |
| Taxes, remuneration and social security | 45 | €13,253 | €7,805 | -€5,447 | -41.1% |
| Taxes | 450/3 | €6,356 | €2,943 | -€3,413 | -53.7% |
| Remuneration and social security | 454/9 | €6,896 | €4,862 | -€2,034 | -29.5% |
| Other amounts payable | 47/48 | €211,537 | €50,537 | -€161,000 | -76.1% |
| Remuneration, social security and pensions | 62 | €105,208 | €100,484 | -€4,725 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,373 | €24,373 | = | 0.0% |
| Other operating charges | 640/8 | €10,565 | €11,548 | +€984 | +9.3% |
| Gross operating margin | 9900 | €112,702 | €138,087 | +€25,385 | +22.5% |
| Operating profit (loss) | 9901 | -€27,444 | €1,682 | +€29,126 | |
| Financial income | 75/76B | €399 | €1 | -€398 | -99.7% |
| Recurring financial income | 75 | €399 | €1 | -€398 | -99.7% |
| Financial charges | 65/66B | €5,923 | €5,791 | -€131 | -2.2% |
| Recurring financial charges | 65 | €5,923 | €5,791 | -€131 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,967 | -€4,108 | +€28,859 | +87.5% |
| Income taxes | 67/77 | €115 | -€112 | -€227 | |
| Profit (loss) for the period | 9904 | -€33,082 | -€3,996 | +€29,085 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,082 | -€3,996 | +€29,085 | +87.9% |
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 16 October 2026 via checked.be.