MEYNENDONCKX: 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.
What changed
MEYNENDONCKX
NACE 46.360, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€178,508
2024 · €101,123+€77,384
Equity
€762,140
2024 · €933,633-€171,492
Cash
€368,627
2024 · €293,784+€74,843
Balance sheet total
€9.6m
2024 · €9.8m-€212,699
Largest movements
Assets
- Receivables within one year -€373,829
down €373,829 (-10.6%), from €3.5m to €3.1m
of which Other amounts receivable: -€393,507
- Stocks and contracts +€173,936
up €173,936 (+12.6%), from €1.4m to €1.6m
- Tangible fixed assets -€129,391
down €129,391 (-2.8%), from €4.6m to €4.5m
of which Land and buildings: -€336,029
Equity and liabilities
- Trade debts +€788,111
up €788,111 (+33.3%), from €2.4m to €3.2m
- Debts after one year -€607,414
down €607,414 (-15.8%), from €3.9m to €3.2m
- Contributions -€350,000
down €350,000 (-86.8%), from €402,996 to €52,996
- Short-term financial debts -€300,000
down €300,000 (-37.5%), from €800,000 to €500,000
- Reserves +€178,508
up €178,508 (+33.6%), from €530,637 to €709,144
of which Distributable reserves: +€184,076
Income statement
- Turnover +€1.0m
up €1.0m (+4.1%), from €25.1m to €26.1m
- Goods and materials +€896,148
up €896,148 (+4.9%), from €18.4m to €19.3m
of which Purchases: +€1.3m
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.
Result 2024
€101,123
Turnover
+€1.0m
Other operating income
-€21,608
Goods and materials
-€896,148
Services and other goods
+€102,176
Staff costs
-€148,756
Depreciation
-€28,269
Other operating charges
+€8,384
Other operating items
+€21,806
Financial income
+€19,726
Financial charges
+€23,190
Taxes
-€39,919
Result 2025
€178,508
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.0m
Investment
-€655,946
Financing
-€1.2m
Cash 2024
€293,784
From operations (derived)
+€2.0m
Net result for the year
+€178,508
Depreciation
+€785,337
Stocks and contracts
-€173,936
Receivables within one year
+€373,829
Deferred charges and accrued income
-€41,741
Provisions
-€2,867
Trade debts
+€788,111
Tax, wage and social debts
+€41,680
Other debts
+€17,817
Investment (derived)
-€655,946
Investment in fixed assets (net)
-€655,946
Financing
-€1.2m
Debts after one year
-€607,414
Current portion of long-term debt
+€21,466
Short-term financial debts
-€300,000
Contributions, distributions and other
-€350,000
Cash 2025
€368,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,780,926 | €9,568,226 | -€212,699 | -2.2% |
| Fixed assets | 21/28 | €4,588,949 | €4,459,558 | -€129,391 | -2.8% |
| Tangible fixed assets | 22/27 | €4,586,449 | €4,457,058 | -€129,391 | -2.8% |
| Land and buildings | 22 | €3,405,317 | €3,069,289 | -€336,029 | -9.9% |
| Plant, machinery and equipment | 23 | €465,803 | €598,728 | +€132,926 | +28.5% |
| Furniture and vehicles | 24 | €715,329 | €789,041 | +€73,712 | +10.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €5,191,977 | €5,108,668 | -€83,308 | -1.6% |
| Stocks and contracts in progress | 3 | €1,377,727 | €1,551,663 | +€173,936 | +12.6% |
| Stocks | 30/36 | €1,377,727 | €1,551,663 | +€173,936 | +12.6% |
| Goods purchased for resale | 34 | €1,377,727 | €1,551,663 | +€173,936 | +12.6% |
| Amounts receivable within one year | 40/41 | €3,518,981 | €3,145,152 | -€373,829 | -10.6% |
| Trade receivables | 40 | €2,984,200 | €3,003,878 | +€19,678 | +0.7% |
| Other amounts receivable | 41 | €534,781 | €141,274 | -€393,507 | -73.6% |
| Cash at bank and in hand | 54/58 | €293,784 | €368,627 | +€74,843 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,485 | €43,226 | +€41,741 | +2,810% |
| Total equity and liabilities | 10/49 | €9,780,926 | €9,568,226 | -€212,699 | -2.2% |
| Equity | 10/15 | €933,633 | €762,140 | -€171,492 | -18.4% |
| Contributions | 10/11 | €402,996 | €52,996 | -€350,000 | -86.8% |
| Reserves | 13 | €530,637 | €709,144 | +€178,508 | +33.6% |
| Tax-exempt reserves | 132 | €16,704 | €11,136 | -€5,568 | -33.3% |
| Distributable reserves | 133 | €513,933 | €698,008 | +€184,076 | +35.8% |
| Provisions and deferred taxes | 16 | €8,601 | €5,734 | -€2,867 | -33.3% |
| Deferred taxes | 168 | €8,601 | €5,734 | -€2,867 | -33.3% |
| Amounts payable | 17/49 | €8,838,692 | €8,800,352 | -€38,340 | -0.4% |
| Amounts payable after more than one year | 17 | €3,854,473 | €3,247,059 | -€607,414 | -15.8% |
| Financial debts | 170/4 | €3,854,473 | €3,247,059 | -€607,414 | -15.8% |
| Credit institutions | 173 | €3,854,473 | €3,247,059 | -€607,414 | -15.8% |
| Amounts payable within one year | 42/48 | €4,984,218 | €5,553,293 | +€569,075 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €866,897 | €888,362 | +€21,466 | +2.5% |
| Financial debts | 43 | €800,000 | €500,000 | -€300,000 | -37.5% |
| Credit institutions | 430/8 | €800,000 | €500,000 | -€300,000 | -37.5% |
| Trade debts | 44 | €2,365,657 | €3,153,768 | +€788,111 | +33.3% |
| Suppliers | 440/4 | €2,365,657 | €3,153,768 | +€788,111 | +33.3% |
| Taxes, remuneration and social security | 45 | €442,904 | €484,585 | +€41,680 | +9.4% |
| Taxes | 450/3 | €7,996 | €23,743 | +€15,746 | +197% |
| Remuneration and social security | 454/9 | €434,908 | €460,842 | +€25,934 | +6.0% |
| Other amounts payable | 47/48 | €508,761 | €526,578 | +€17,817 | +3.5% |
| Operating income | 70/76A | €25,199,244 | €26,204,673 | +€1.0m | +4.0% |
| Turnover | 70 | €25,062,431 | €26,099,233 | +€1.0m | +4.1% |
| Other operating income | 74 | €127,047 | €105,439 | -€21,608 | -17.0% |
| Non-recurring operating income | 76A | €9,766 | - | -€9,766 | |
| Operating charges | 60/66A | €24,821,824 | €25,752,866 | +€931,041 | +3.8% |
| Goods for resale, raw materials and consumables | 60 | €18,385,420 | €19,281,568 | +€896,148 | +4.9% |
| Purchases | 600/8 | €18,196,859 | €19,455,504 | +€1.3m | +6.9% |
| Change in stocks: decrease (increase) | 609 | €188,562 | -€173,936 | -€362,498 | |
| Services and other goods | 61 | €2,095,031 | €1,992,855 | -€102,176 | -4.9% |
| Remuneration, social security and pensions | 62 | €3,449,398 | €3,598,153 | +€148,756 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757,068 | €785,337 | +€28,269 | +3.7% |
| Other operating charges | 640/8 | €75,813 | €67,430 | -€8,384 | -11.1% |
| Non-recurring operating charges | 66A | €59,094 | €27,523 | -€31,572 | -53.4% |
| Operating profit (loss) | 9901 | €377,419 | €451,807 | +€74,388 | +19.7% |
| Financial income | 75/76B | €14,489 | €34,214 | +€19,726 | +136% |
| Recurring financial income | 75 | €12,489 | €34,214 | +€21,726 | +174% |
| Income from current assets | 751 | €2,841 | €2,841 | +€0 | 0.0% |
| Other financial income | 752/9 | €9,648 | €31,373 | +€21,725 | +225% |
| Non-recurring financial income | 76B | €2,000 | - | -€2,000 | |
| Financial charges | 65/66B | €225,583 | €202,392 | -€23,190 | -10.3% |
| Recurring financial charges | 65 | €225,583 | €202,392 | -€23,190 | -10.3% |
| Debt charges | 650 | €216,686 | €196,162 | -€20,524 | -9.5% |
| Other financial charges | 652/9 | €8,897 | €6,231 | -€2,666 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €166,325 | €283,629 | +€117,304 | +70.5% |
| Transfer from deferred taxes | 780 | €2,867 | €2,867 | = | 0.0% |
| Income taxes | 67/77 | €68,069 | €107,989 | +€39,919 | +58.6% |
| Taxes | 670/3 | €130,000 | €107,989 | -€22,011 | -16.9% |
| Tax adjustments and reversals of tax provisions | 77 | €61,931 | - | -€61,931 | |
| Profit (loss) for the period | 9904 | €101,123 | €178,508 | +€77,384 | +76.5% |
| Transfer from tax-exempt reserves | 789 | €5,568 | €5,568 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,691 | €184,076 | +€77,384 | +72.5% |
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 13 October 2026 via checked.be.