MEUSE VIEW: what changed
Two fiscal 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.
MEUSE VIEW
Largest movements
- Receivables within one year +€359,601
up €359,601 (+12.4%), from €2.9m to €3.3m
of which Other amounts receivable: +€376,332
- Cash +€50,609
up €50,609 (+48.0%), from €105,342 to €155,951
mainly Trade debts (+€316,211) and Net result for the year (+€57,916)
- Trade debts +€316,211
up €316,211 (+37310.1%), from €848 to €317,058
- Profit (loss) carried forward +€57,916
up €57,916 (+2.8%), from €2.1m to €2.2m
- Gross operating margin -€780,957
down €780,957 (-90.7%), from €861,189 to €80,231
- Taxes -€157,272
down €157,272 (-88.2%), from €178,355 to €21,083
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.
Cash bridge derived
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 | €3,002,276 | €3,412,486 | +€410,210 | +13.7% |
| Current assets | 29/58 | €3,002,276 | €3,412,486 | +€410,210 | +13.7% |
| Amounts receivable within one year | 40/41 | €2,896,934 | €3,256,535 | +€359,601 | +12.4% |
| Trade receivables | 40 | €26,691 | €9,960 | -€16,731 | -62.7% |
| Other amounts receivable | 41 | €2,870,243 | €3,246,575 | +€376,332 | +13.1% |
| Cash at bank and in hand | 54/58 | €105,342 | €155,951 | +€50,609 | +48.0% |
| Total equity and liabilities | 10/49 | €3,002,276 | €3,412,486 | +€410,210 | +13.7% |
| Equity | 10/15 | €2,125,451 | €2,183,367 | +€57,916 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,105,451 | €2,163,367 | +€57,916 | +2.8% |
| Amounts payable | 17/49 | €876,825 | €1,229,119 | +€352,294 | +40.2% |
| Amounts payable within one year | 42/48 | €876,825 | €1,229,119 | +€352,294 | +40.2% |
| Trade debts | 44 | €848 | €317,058 | +€316,211 | +37310.1% |
| Suppliers | 440/4 | €848 | €317,058 | +€316,211 | +37310.1% |
| Taxes, remuneration and social security | 45 | €128,355 | €149,438 | +€21,083 | +16.4% |
| Taxes | 450/3 | €128,355 | €149,438 | +€21,083 | +16.4% |
| Other amounts payable | 47/48 | €747,622 | €762,622 | +€15,000 | +2.0% |
| Other operating charges | 640/8 | €1,031 | €1,094 | +€62 | +6.0% |
| Gross operating margin | 9900 | €861,189 | €80,231 | -€780,957 | -90.7% |
| Operating profit (loss) | 9901 | €860,157 | €79,138 | -€781,020 | -90.8% |
| Financial charges | 65/66B | €139 | €139 | = | 0.0% |
| Recurring financial charges | 65 | €139 | €139 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €860,018 | €78,999 | -€781,020 | -90.8% |
| Income taxes | 67/77 | €178,355 | €21,083 | -€157,272 | -88.2% |
| Profit (loss) for the period | 9904 | €681,663 | €57,916 | -€623,747 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €681,663 | €57,916 | -€623,747 | -91.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.