MEYS-DEDECKER: 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.
MEYS-DEDECKER
Largest movements
- Stocks and contracts -€267,063
down €267,063 (-88.2%), from €302,945 to €35,882
- Cash -€208,168
down €208,168 (-43.3%), from €480,452 to €272,284
mainly Current portion of long-term debt (-€199,160) and Short-term financial debts (-€193,463)
- Receivables within one year -€51,492
down €51,492 (-25.3%), from €203,306 to €151,815
of which Other amounts receivable: -€36,356
- Current portion of long-term debt -€199,160
down €199,160 (-87.5%), from €227,503 to €28,342
- Short-term financial debts -€193,463
no longer reported in 2025 (was €193,463)
- Tax, wage and social debts -€157,385
down €157,385 (-56.2%), from €279,924 to €122,540
- Reserves +€136,626
up €136,626 (+92.4%), from €147,849 to €284,475
- Trade debts -€94,062
down €94,062 (-54.0%), from €174,240 to €80,178
- Financial charges -€63,708
down €63,708 (-49.3%), from €129,347 to €65,639
- Gross operating margin +€53,444
up €53,444 (+28.0%), from €191,150 to €244,595
- Taxes +€6,814
new in 2025: €6,814
- Depreciation +€3,559
up €3,559 (+13.3%), from €26,845 to €30,404
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 | €1,428,974 | €893,084 | -€535,890 | -37.5% |
| Fixed assets | 21/28 | €440,501 | €431,497 | -€9,004 | -2.0% |
| Tangible fixed assets | 22/27 | €439,901 | €430,497 | -€9,404 | -2.1% |
| Land and buildings | 22 | €25,267 | €24,478 | -€789 | -3.1% |
| Plant, machinery and equipment | 23 | €0 | €17,304 | +€17,304 | |
| Furniture and vehicles | 24 | €13,146 | €9,846 | -€3,300 | -25.1% |
| Leasing and similar rights | 25 | €401,488 | €378,869 | -€22,619 | -5.6% |
| Financial fixed assets | 28 | €600 | €1,000 | +€400 | +66.7% |
| Current assets | 29/58 | €988,474 | €461,587 | -€526,886 | -53.3% |
| Stocks and contracts in progress | 3 | €302,945 | €35,882 | -€267,063 | -88.2% |
| Stocks | 30/36 | €302,945 | €35,882 | -€267,063 | -88.2% |
| Amounts receivable within one year | 40/41 | €203,306 | €151,815 | -€51,492 | -25.3% |
| Trade receivables | 40 | €21,604 | €6,468 | -€15,136 | -70.1% |
| Other amounts receivable | 41 | €181,703 | €145,347 | -€36,356 | -20.0% |
| Cash at bank and in hand | 54/58 | €480,452 | €272,284 | -€208,168 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,607 | -€164 | -9.3% |
| Total equity and liabilities | 10/49 | €1,428,974 | €893,084 | -€535,890 | -37.5% |
| Equity | 10/15 | €167,849 | €304,475 | +€136,626 | +81.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €147,849 | €284,475 | +€136,626 | +92.4% |
| Distributable reserves | 133 | €147,849 | €284,475 | +€136,626 | +92.4% |
| Amounts payable | 17/49 | €1,261,125 | €588,610 | -€672,516 | -53.3% |
| Amounts payable after more than one year | 17 | €380,237 | €351,895 | -€28,342 | -7.5% |
| Financial debts | 170/4 | €380,237 | €351,895 | -€28,342 | -7.5% |
| Amounts payable within one year | 42/48 | €876,547 | €232,287 | -€644,260 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €227,503 | €28,342 | -€199,160 | -87.5% |
| Financial debts | 43 | €193,463 | - | -€193,463 | |
| Credit institutions | 430/8 | €193,463 | - | -€193,463 | |
| Trade debts | 44 | €174,240 | €80,178 | -€94,062 | -54.0% |
| Suppliers | 440/4 | €174,240 | €80,178 | -€94,062 | -54.0% |
| Taxes, remuneration and social security | 45 | €279,924 | €122,540 | -€157,385 | -56.2% |
| Taxes | 450/3 | €279,924 | €122,540 | -€157,385 | -56.2% |
| Other amounts payable | 47/48 | €1,416 | €1,227 | -€189 | -13.3% |
| Accrued charges and deferred income | 492/3 | €4,342 | €4,428 | +€86 | +2.0% |
| Non-recurring operating income | 76A | €36,325 | - | -€36,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,845 | €30,404 | +€3,559 | +13.3% |
| Other operating charges | 640/8 | €6,604 | €5,112 | -€1,492 | -22.6% |
| Gross operating margin | 9900 | €191,150 | €244,595 | +€53,444 | +28.0% |
| Operating profit (loss) | 9901 | €157,702 | €209,079 | +€51,377 | +32.6% |
| Financial income | 75/76B | €236 | - | -€236 | |
| Recurring financial income | 75 | €236 | - | -€236 | |
| Financial charges | 65/66B | €129,347 | €65,639 | -€63,708 | -49.3% |
| Recurring financial charges | 65 | €129,347 | €65,639 | -€63,708 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €28,591 | €143,440 | +€114,849 | +402% |
| Income taxes | 67/77 | - | €6,814 | +€6,814 | |
| Profit (loss) for the period | 9904 | €28,591 | €136,626 | +€108,035 | +378% |
| Profit (loss) for the period to be appropriated | 9905 | €28,591 | €136,626 | +€108,035 | +378% |
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 17 October 2026 via checked.be.