MEYNEN CONCEPT: 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.
MEYNEN CONCEPT
Largest movements
- Tangible fixed assets +€277,058
up €277,058 (+348%), from €79,550 to €356,609
of which Land and buildings: +€247,571
- Receivables within one year -€92,021
down €92,021 (-53.9%), from €170,745 to €78,724
of which Trade receivables: -€116,433
- Cash +€66,033
up €66,033 (+134%), from €49,421 to €115,453
mainly Debts after one year (+€216,416) and Receivables within one year (+€92,021)
- Debts after one year +€216,416
up €216,416 (+413%), from €52,414 to €268,829
- Current portion of long-term debt +€17,953
up €17,953 (+99.7%), from €17,999 to €35,953
- Reserves +€10,256
up €10,256 (+22.1%), from €46,491 to €56,747
- Trade debts +€7,192
up €7,192 (+7.0%), from €103,386 to €110,578
- Other debts -€6,661
down €6,661 (-12.2%), from €54,525 to €47,864
- Staff costs +€145,330
up €145,330 (+184%), from €78,960 to €224,290
- Gross operating margin +€101,016
up €101,016 (+50.6%), from €199,451 to €300,467
- Other operating charges +€29,514
up €29,514 (+2,471%), from €1,194 to €30,708
- Depreciation +€9,784
up €9,784 (+54.5%), from €17,953 to €27,737
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 | €299,716 | €550,786 | +€251,070 | +83.8% |
| Fixed assets | 21/28 | €79,550 | €356,609 | +€277,058 | +348% |
| Tangible fixed assets | 22/27 | €79,550 | €356,609 | +€277,058 | +348% |
| Land and buildings | 22 | €748 | €248,318 | +€247,571 | +33,114% |
| Plant, machinery and equipment | 23 | - | €5,878 | +€5,878 | |
| Furniture and vehicles | 24 | €78,803 | €102,412 | +€23,609 | +30.0% |
| Current assets | 29/58 | €220,166 | €194,178 | -€25,988 | -11.8% |
| Amounts receivable within one year | 40/41 | €170,745 | €78,724 | -€92,021 | -53.9% |
| Trade receivables | 40 | €153,032 | €36,600 | -€116,433 | -76.1% |
| Other amounts receivable | 41 | €17,713 | €42,125 | +€24,412 | +138% |
| Cash at bank and in hand | 54/58 | €49,421 | €115,453 | +€66,033 | +134% |
| Total equity and liabilities | 10/49 | €299,716 | €550,786 | +€251,070 | +83.8% |
| Equity | 10/15 | €65,083 | €75,339 | +€10,256 | +15.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,491 | €56,747 | +€10,256 | +22.1% |
| Distributable reserves | 133 | €46,491 | €56,747 | +€10,256 | +22.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €234,633 | €475,448 | +€240,815 | +103% |
| Amounts payable after more than one year | 17 | €52,414 | €268,829 | +€216,416 | +413% |
| Financial debts | 170/4 | €52,414 | €268,829 | +€216,416 | +413% |
| Amounts payable within one year | 42/48 | €182,219 | €206,618 | +€24,399 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €17,999 | €35,953 | +€17,953 | +99.7% |
| Trade debts | 44 | €103,386 | €110,578 | +€7,192 | +7.0% |
| Suppliers | 440/4 | €103,386 | €110,578 | +€7,192 | +7.0% |
| Taxes, remuneration and social security | 45 | €6,309 | €12,223 | +€5,915 | +93.7% |
| Taxes | 450/3 | €3,934 | €3,847 | -€88 | -2.2% |
| Remuneration and social security | 454/9 | €2,375 | €8,377 | +€6,002 | +253% |
| Other amounts payable | 47/48 | €54,525 | €47,864 | -€6,661 | -12.2% |
| Remuneration, social security and pensions | 62 | €78,960 | €224,290 | +€145,330 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,953 | €27,737 | +€9,784 | +54.5% |
| Other operating charges | 640/8 | €1,194 | €30,708 | +€29,514 | +2,471% |
| Gross operating margin | 9900 | €199,451 | €300,467 | +€101,016 | +50.6% |
| Operating profit (loss) | 9901 | €101,344 | €17,732 | -€83,612 | -82.5% |
| Financial income | 75/76B | €83 | €2,720 | +€2,637 | +3,181% |
| Recurring financial income | 75 | €83 | €2,720 | +€2,637 | +3,181% |
| Financial charges | 65/66B | €4,182 | €4,832 | +€650 | +15.5% |
| Recurring financial charges | 65 | €4,182 | €4,832 | +€650 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €97,245 | €15,620 | -€81,625 | -83.9% |
| Income taxes | 67/77 | €3,848 | €5,364 | +€1,516 | +39.4% |
| Profit (loss) for the period | 9904 | €93,397 | €10,256 | -€83,142 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,397 | €10,256 | -€83,142 | -89.0% |
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 27 October 2026 via checked.be.