MEYNS: 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.
MEYNS
Largest movements
- Cash -€328,286
down €328,286 (-48.2%), from €681,254 to €352,968
mainly Investment in fixed assets (net) (-€298,189) and Trade debts (-€115,005)
- Tangible fixed assets +€178,316
up €178,316 (+15.9%), from €1.1m to €1.3m
of which Plant, machinery and equipment: +€265,156
- Stocks and contracts +€78,002
up €78,002 (+32.1%), from €243,131 to €321,132
of which Stocks: +€76,412
- Other debts +€151,443
up €151,443 (+399%), from €37,954 to €189,397
- Trade debts -€115,005
down €115,005 (-65.4%), from €175,763 to €60,757
- Current portion of long-term debt -€49,028
down €49,028 (-35.4%), from €138,384 to €89,357
- Debts after one year -€34,157
down €34,157 (-4.1%), from €840,526 to €806,369
- Tax, wage and social debts -€30,151
down €30,151 (-32.8%), from €92,009 to €61,857
of which Taxes: -€30,839
- Staff costs +€41,907
up €41,907 (+69.5%), from €60,279 to €102,187
- Taxes -€19,534
down €19,534 (-36.1%), from €54,144 to €34,610
- Depreciation +€10,263
up €10,263 (+9.4%), from €109,609 to €119,872
- Gross operating margin +€4,822
up €4,822 (+1.3%), from €376,683 to €381,505
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 | €2,245,952 | €2,192,091 | -€53,861 | -2.4% |
| Fixed assets | 21/28 | €1,122,724 | €1,301,041 | +€178,316 | +15.9% |
| Tangible fixed assets | 22/27 | €1,122,724 | €1,301,041 | +€178,316 | +15.9% |
| Land and buildings | 22 | €999,512 | €936,071 | -€63,441 | -6.3% |
| Plant, machinery and equipment | 23 | €73,954 | €339,109 | +€265,156 | +359% |
| Furniture and vehicles | 24 | €49,259 | €25,861 | -€23,398 | -47.5% |
| Current assets | 29/58 | €1,123,228 | €891,050 | -€232,177 | -20.7% |
| Stocks and contracts in progress | 3 | €243,131 | €321,132 | +€78,002 | +32.1% |
| Stocks | 30/36 | €241,511 | €317,922 | +€76,412 | +31.6% |
| Contracts in progress | 37 | €1,620 | €3,210 | +€1,590 | +98.1% |
| Amounts receivable within one year | 40/41 | €198,843 | €216,949 | +€18,107 | +9.1% |
| Trade receivables | 40 | €196,135 | €213,707 | +€17,572 | +9.0% |
| Other amounts receivable | 41 | €2,708 | €3,242 | +€534 | +19.7% |
| Cash at bank and in hand | 54/58 | €681,254 | €352,968 | -€328,286 | -48.2% |
| Total equity and liabilities | 10/49 | €2,245,952 | €2,192,091 | -€53,861 | -2.4% |
| Equity | 10/15 | €933,108 | €958,255 | +€25,148 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €914,508 | €939,655 | +€25,148 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,183 | €104,033 | -€6,150 | -5.6% |
| Distributable reserves | 133 | €802,465 | €833,762 | +€31,297 | +3.9% |
| Provisions and deferred taxes | 16 | €27,546 | €26,008 | -€1,537 | -5.6% |
| Deferred taxes | 168 | €27,546 | €26,008 | -€1,537 | -5.6% |
| Amounts payable | 17/49 | €1,285,299 | €1,207,827 | -€77,471 | -6.0% |
| Amounts payable after more than one year | 17 | €840,526 | €806,369 | -€34,157 | -4.1% |
| Financial debts | 170/4 | €840,526 | €806,369 | -€34,157 | -4.1% |
| Amounts payable within one year | 42/48 | €444,773 | €401,459 | -€43,314 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €138,384 | €89,357 | -€49,028 | -35.4% |
| Trade debts | 44 | €175,763 | €60,757 | -€115,005 | -65.4% |
| Suppliers | 440/4 | €175,763 | €60,757 | -€115,005 | -65.4% |
| Advances received on contracts in progress | 46 | €663 | €91 | -€572 | -86.3% |
| Taxes, remuneration and social security | 45 | €92,009 | €61,857 | -€30,151 | -32.8% |
| Taxes | 450/3 | €82,798 | €51,959 | -€30,839 | -37.2% |
| Remuneration and social security | 454/9 | €9,211 | €9,898 | +€688 | +7.5% |
| Other amounts payable | 47/48 | €37,954 | €189,397 | +€151,443 | +399% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €60,279 | €102,187 | +€41,907 | +69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,609 | €119,872 | +€10,263 | +9.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €988 | -€1,618 | -€2,606 | |
| Other operating charges | 640/8 | €6,135 | €7,809 | +€1,674 | +27.3% |
| Gross operating margin | 9900 | €376,683 | €381,505 | +€4,822 | +1.3% |
| Operating profit (loss) | 9901 | €199,672 | €153,255 | -€46,417 | -23.2% |
| Financial income | 75/76B | €1,100 | €2,321 | +€1,221 | +111% |
| Recurring financial income | 75 | €1,100 | €2,321 | +€1,221 | +111% |
| Financial charges | 65/66B | €40,330 | €37,863 | -€2,467 | -6.1% |
| Recurring financial charges | 65 | €40,330 | €37,863 | -€2,467 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €160,442 | €117,714 | -€42,728 | -26.6% |
| Transfer from deferred taxes | 780 | €1,537 | €1,537 | = | 0.0% |
| Income taxes | 67/77 | €54,144 | €34,610 | -€19,534 | -36.1% |
| Profit (loss) for the period | 9904 | €107,835 | €84,641 | -€23,194 | -21.5% |
| Transfer from tax-exempt reserves | 789 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,985 | €90,790 | -€23,194 | -20.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.