MEYER SANITHERM: 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.
MEYER SANITHERM
Largest movements
- Receivables within one year -€62,228
down €62,228 (-23.8%), from €261,919 to €199,691
- Tangible fixed assets +€27,904
up €27,904 (+959%), from €2,910 to €30,814
of which Furniture and vehicles: +€29,016
- Cash +€25,306
up €25,306 (+87.7%), from €28,859 to €54,165
mainly Receivables within one year (+€62,228) and Stocks and contracts (+€20,482)
- Stocks and contracts -€20,482
down €20,482 (-36.5%), from €56,057 to €35,575
of which Contracts in progress: -€19,400
- Other debts -€34,856
down €34,856 (-12.1%), from €288,578 to €253,722
- Profit (loss) carried forward +€9,103
up €9,103 (+20.0%), from €45,619 to €54,721
- Trade debts -€3,671
down €3,671 (-63.7%), from €5,766 to €2,095
- Depreciation +€5,366
up €5,366 (+735%), from €730 to €6,096
- Gross operating margin +€2,471
up €2,471 (+3.3%), from €75,224 to €77,696
- Staff costs +€1,817
up €1,817 (+3.1%), from €57,950 to €59,767
- Taxes -€1,657
down €1,657 (-33.1%), from €5,012 to €3,355
- Financial income -€1,048
down €1,048 (-41.5%), from €2,526 to €1,478
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 | €351,175 | €322,054 | -€29,120 | -8.3% |
| Fixed assets | 21/28 | €2,910 | €30,814 | +€27,904 | +959% |
| Tangible fixed assets | 22/27 | €2,910 | €30,814 | +€27,904 | +959% |
| Plant, machinery and equipment | 23 | €2,910 | €1,797 | -€1,112 | -38.2% |
| Furniture and vehicles | 24 | - | €29,016 | +€29,016 | |
| Current assets | 29/58 | €348,265 | €291,241 | -€57,024 | -16.4% |
| Stocks and contracts in progress | 3 | €56,057 | €35,575 | -€20,482 | -36.5% |
| Stocks | 30/36 | €24,357 | €23,275 | -€1,082 | -4.4% |
| Contracts in progress | 37 | €31,700 | €12,300 | -€19,400 | -61.2% |
| Amounts receivable within one year | 40/41 | €261,919 | €199,691 | -€62,228 | -23.8% |
| Trade receivables | 40 | €261,919 | €199,691 | -€62,228 | -23.8% |
| Cash at bank and in hand | 54/58 | €28,859 | €54,165 | +€25,306 | +87.7% |
| Deferred charges and accrued income | 490/1 | €1,430 | €1,810 | +€380 | +26.6% |
| Total equity and liabilities | 10/49 | €351,175 | €322,054 | -€29,120 | -8.3% |
| Equity | 10/15 | €51,819 | €60,921 | +€9,103 | +17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,619 | €54,721 | +€9,103 | +20.0% |
| Amounts payable | 17/49 | €299,356 | €261,133 | -€38,223 | -12.8% |
| Amounts payable within one year | 42/48 | €299,356 | €261,133 | -€38,223 | -12.8% |
| Trade debts | 44 | €5,766 | €2,095 | -€3,671 | -63.7% |
| Suppliers | 440/4 | €5,766 | €2,095 | -€3,671 | -63.7% |
| Taxes, remuneration and social security | 45 | €5,012 | €5,316 | +€304 | +6.1% |
| Taxes | 450/3 | €5,012 | €3,355 | -€1,657 | -33.1% |
| Remuneration and social security | 454/9 | - | €1,961 | +€1,961 | |
| Other amounts payable | 47/48 | €288,578 | €253,722 | -€34,856 | -12.1% |
| Remuneration, social security and pensions | 62 | €57,950 | €59,767 | +€1,817 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €6,096 | +€5,366 | +735% |
| Other operating charges | 640/8 | €515 | €614 | +€99 | +19.3% |
| Gross operating margin | 9900 | €75,224 | €77,696 | +€2,471 | +3.3% |
| Operating profit (loss) | 9901 | €16,029 | €11,218 | -€4,811 | -30.0% |
| Financial income | 75/76B | €2,526 | €1,478 | -€1,048 | -41.5% |
| Recurring financial income | 75 | €2,526 | €1,478 | -€1,048 | -41.5% |
| Financial charges | 65/66B | €138 | €238 | +€100 | +72.5% |
| Recurring financial charges | 65 | €138 | €238 | +€100 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €18,417 | €12,458 | -€5,959 | -32.4% |
| Income taxes | 67/77 | €5,012 | €3,355 | -€1,657 | -33.1% |
| Profit (loss) for the period | 9904 | €13,405 | €9,103 | -€4,302 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,405 | €9,103 | -€4,302 | -32.1% |
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.