MEYER: 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.
MEYER
Largest movements
- Tangible fixed assets +€25,113
up €25,113 (+2.5%), from €1.0m to €1.0m
- Other debts +€602,559
up €602,559 (+23.0%), from €2.6m to €3.2m
- Short-term financial debts -€400,000
down €400,000 (-57.1%), from €700,000 to €300,000
of which Credit institutions: -€400,000
- Profit (loss) carried forward -€190,564
down €190,564 (-6.5%), from -€2.9m to -€3.1m
- Trade debts +€37,844
up €37,844 (+58.3%), from €64,956 to €102,800
- Accrued charges and deferred income -€16,468
down €16,468 (-63.7%), from €25,843 to €9,375
- Gross operating margin -€33,652
down €33,652, from €4,102 to -€29,550
- Other operating charges +€24,322
up €24,322 (+280.2%), from €8,681 to €33,004
- Financial charges -€10,064
down €10,064 (-7.7%), from €131,387 to €121,323
- Depreciation +€296
up €296 (+4.6%), from €6,391 to €6,687
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 | €1,033,539 | €1,060,448 | +€26,909 | +2.6% |
| Fixed assets | 21/28 | €1,023,687 | €1,048,800 | +€25,113 | +2.5% |
| Tangible fixed assets | 22/27 | €1,017,549 | €1,042,662 | +€25,113 | +2.5% |
| Land and buildings | 22 | €1,017,549 | €1,042,662 | +€25,113 | +2.5% |
| Financial fixed assets | 28 | €6,138 | €6,138 | = | 0.0% |
| Current assets | 29/58 | €9,852 | €11,648 | +€1,796 | +18.2% |
| Amounts receivable within one year | 40/41 | €8,982 | €8,982 | = | 0.0% |
| Trade receivables | 40 | €8,982 | €8,982 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €434 | €2,362 | +€1,928 | +444.4% |
| Deferred charges and accrued income | 490/1 | €437 | €304 | -€132 | -30.3% |
| Total equity and liabilities | 10/49 | €1,033,539 | €1,060,448 | +€26,909 | +2.6% |
| Equity | 10/15 | -€2,921,853 | -€3,112,417 | -€190,564 | -6.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,343 | €2,343 | = | 0.0% |
| Distributable reserves | 133 | €2,343 | €2,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,948,985 | -€3,139,549 | -€190,564 | -6.5% |
| Amounts payable | 17/49 | €3,955,392 | €4,172,865 | +€217,473 | +5.5% |
| Amounts payable within one year | 42/48 | €3,929,549 | €4,163,490 | +€233,940 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €546,463 | €540,000 | -€6,463 | -1.2% |
| Financial debts | 43 | €700,000 | €300,000 | -€400,000 | -57.1% |
| Credit institutions | 430/8 | €400,000 | - | -€400,000 | |
| Other loans | 439 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €64,956 | €102,800 | +€37,844 | +58.3% |
| Suppliers | 440/4 | €64,956 | €102,800 | +€37,844 | +58.3% |
| Other amounts payable | 47/48 | €2,618,130 | €3,220,689 | +€602,559 | +23.0% |
| Accrued charges and deferred income | 492/3 | €25,843 | €9,375 | -€16,468 | -63.7% |
| Non-recurring operating income | 76A | €39,000 | - | -€39,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,391 | €6,687 | +€296 | +4.6% |
| Other operating charges | 640/8 | €8,681 | €33,004 | +€24,322 | +280.2% |
| Gross operating margin | 9900 | €4,102 | -€29,550 | -€33,652 | |
| Operating profit (loss) | 9901 | -€10,971 | -€69,241 | -€58,270 | -531.1% |
| Financial charges | 65/66B | €131,387 | €121,323 | -€10,064 | -7.7% |
| Recurring financial charges | 65 | €131,387 | €121,323 | -€10,064 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€142,358 | -€190,564 | -€48,206 | -33.9% |
| Profit (loss) for the period | 9904 | -€142,358 | -€190,564 | -€48,206 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,358 | -€190,564 | -€48,206 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.