Meurmans Luc: what changed
What changed
Meurmans Luc
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€28,827
2024 · €31,261-€2,434
Equity
€272,349
2024 · €264,574+€7,774
Cash
€182,690
2024 · €242,384-€59,693
Balance sheet total
€876,077
2024 · €939,458-€63,381
Largest movements
Assets
- Cash -€59,693
down €59,693 (-24.6%), from €242,384 to €182,690
mainly Investment in fixed assets (net) (-€79,290) and Trade debts (-€74,152)
- Receivables within one year -€36,046
down €36,046 (-61.9%), from €58,228 to €22,182
of which Trade receivables: -€37,800
- Tangible fixed assets +€30,300
up €30,300 (+4.8%), from €624,766 to €655,066
of which Furniture and vehicles: +€41,871
Equity and liabilities
- Trade debts -€74,152
down €74,152 (-75.1%), from €98,732 to €24,580
- Current portion of long-term debt +€10,590
up €10,590 (+24.7%), from €42,896 to €53,486
Income statement
- Gross operating margin +€35,020
up €35,020 (+17.1%), from €204,330 to €239,351
- Depreciation +€23,405
up €23,405 (+91.5%), from €25,585 to €48,990
- Staff costs +€9,360
up €9,360 (+8.1%), from €116,179 to €125,540
- Financial charges +€2,602
up €2,602 (+19.2%), from €13,542 to €16,144
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,261
Gross operating margin
+€35,020
Staff costs
-€9,360
Depreciation
-€23,405
Other operating charges
-€2,380
Other operating items
-€2,597
Financial income
+€772
Financial charges
-€2,602
Taxes
+€2,118
Result 2025
€28,827
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,767
Investment
-€79,290
Financing
-€13,171
Cash 2024
€242,384
From operations (derived)
+€32,767
Net result for the year
+€28,827
Depreciation
+€48,990
Stocks and contracts
+€900
Receivables within one year
+€36,046
Deferred charges and accrued income
-€2,959
Trade debts
-€74,152
Tax, wage and social debts
-€6,331
Other debts
+€1,446
Investment (derived)
-€79,290
Investment in fixed assets (net)
-€79,290
Financing
-€13,171
Debts after one year
-€4
Current portion of long-term debt
+€10,590
Short-term financial debts
-€2,704
Contributions, distributions and other
-€21,053
Cash 2025
€182,690
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €939,458 | €876,077 | -€63,381 | -6.7% |
| Fixed assets | 21/28 | €624,781 | €655,081 | +€30,300 | +4.8% |
| Tangible fixed assets | 22/27 | €624,766 | €655,066 | +€30,300 | +4.8% |
| Land and buildings | 22 | €542,487 | €527,870 | -€14,617 | -2.7% |
| Plant, machinery and equipment | 23 | €3,357 | €7,044 | +€3,687 | +110% |
| Furniture and vehicles | 24 | €78,219 | €120,090 | +€41,871 | +53.5% |
| Other tangible fixed assets | 26 | €704 | €62 | -€642 | -91.2% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €314,676 | €220,996 | -€93,680 | -29.8% |
| Stocks and contracts in progress | 3 | €10,400 | €9,500 | -€900 | -8.7% |
| Stocks | 30/36 | €10,400 | €9,500 | -€900 | -8.7% |
| Amounts receivable within one year | 40/41 | €58,228 | €22,182 | -€36,046 | -61.9% |
| Trade receivables | 40 | €40,720 | €2,921 | -€37,800 | -92.8% |
| Other amounts receivable | 41 | €17,507 | €19,262 | +€1,754 | +10.0% |
| Cash at bank and in hand | 54/58 | €242,384 | €182,690 | -€59,693 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,665 | €6,624 | +€2,959 | +80.7% |
| Total equity and liabilities | 10/49 | €939,458 | €876,077 | -€63,381 | -6.7% |
| Equity | 10/15 | €264,574 | €272,349 | +€7,774 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,374 | €266,149 | +€7,774 | +3.0% |
| Distributable reserves | 133 | €258,374 | €266,149 | +€7,774 | +3.0% |
| Amounts payable | 17/49 | €674,883 | €603,728 | -€71,155 | -10.5% |
| Amounts payable after more than one year | 17 | €507,138 | €507,134 | -€4 | 0.0% |
| Financial debts | 170/4 | €507,138 | €507,134 | -€4 | 0.0% |
| Amounts payable within one year | 42/48 | €167,745 | €96,594 | -€71,151 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €42,896 | €53,486 | +€10,590 | +24.7% |
| Financial debts | 43 | €3,499 | €795 | -€2,704 | -77.3% |
| Credit institutions | 430/8 | €3,499 | €21 | -€3,479 | -99.4% |
| Other loans | 439 | - | €774 | +€774 | |
| Trade debts | 44 | €98,732 | €24,580 | -€74,152 | -75.1% |
| Suppliers | 440/4 | €98,732 | €24,580 | -€74,152 | -75.1% |
| Taxes, remuneration and social security | 45 | €11,783 | €5,452 | -€6,331 | -53.7% |
| Taxes | 450/3 | €3,345 | €1,500 | -€1,845 | -55.2% |
| Remuneration and social security | 454/9 | €8,438 | €3,952 | -€4,487 | -53.2% |
| Other amounts payable | 47/48 | €10,835 | €12,281 | +€1,446 | +13.3% |
| Non-recurring operating income | 76A | - | €18,100 | +€18,100 | |
| Remuneration, social security and pensions | 62 | €116,179 | €125,540 | +€9,360 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,585 | €48,990 | +€23,405 | +91.5% |
| Other operating charges | 640/8 | €3,848 | €6,228 | +€2,380 | +61.9% |
| Non-recurring operating charges | 66A | - | €2,597 | +€2,597 | |
| Gross operating margin | 9900 | €204,330 | €239,351 | +€35,020 | +17.1% |
| Operating profit (loss) | 9901 | €58,718 | €55,995 | -€2,723 | -4.6% |
| Financial income | 75/76B | €2,135 | €2,907 | +€772 | +36.2% |
| Recurring financial income | 75 | €2,135 | €2,907 | +€772 | +36.2% |
| Financial charges | 65/66B | €13,542 | €16,144 | +€2,602 | +19.2% |
| Recurring financial charges | 65 | €13,542 | €16,144 | +€2,602 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €47,311 | €42,758 | -€4,553 | -9.6% |
| Income taxes | 67/77 | €16,050 | €13,931 | -€2,118 | -13.2% |
| Profit (loss) for the period | 9904 | €31,261 | €28,827 | -€2,434 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,261 | €28,827 | -€2,434 | -7.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.