MICHAEL MEEREMANS: 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.
MICHAEL MEEREMANS
Largest movements
- Cash +€42,356
up €42,356 (+55.3%), from €76,540 to €118,896
mainly Net result for the year (+€35,069) and Tax, wage and social debts (+€10,632)
- Profit (loss) carried forward +€33,403
up €33,403 (+49.8%), from €67,138 to €100,541
- Tax, wage and social debts +€10,632
up €10,632 (+58.1%), from €18,294 to €28,926
- Gross operating margin -€43,793
down €43,793 (-47.8%), from €91,576 to €47,783
- Taxes -€8,170
down €8,170 (-45.3%), from €18,016 to €9,846
- Depreciation -€2,208
down €2,208 (-50.6%), from €4,364 to €2,157
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 | €98,200 | €141,661 | +€43,461 | +44.3% |
| Fixed assets | 21/28 | €7,792 | €8,658 | +€866 | +11.1% |
| Tangible fixed assets | 22/27 | €7,792 | €8,658 | +€866 | +11.1% |
| Plant, machinery and equipment | 23 | €4,364 | €3,203 | -€1,162 | -26.6% |
| Furniture and vehicles | 24 | €1,217 | €3,500 | +€2,283 | +188% |
| Other tangible fixed assets | 26 | €2,211 | €1,955 | -€256 | -11.6% |
| Current assets | 29/58 | €90,408 | €133,003 | +€42,595 | +47.1% |
| Stocks and contracts in progress | 3 | €3,122 | €4,136 | +€1,013 | +32.5% |
| Stocks | 30/36 | €3,122 | €4,136 | +€1,013 | +32.5% |
| Amounts receivable within one year | 40/41 | €6,614 | €5,807 | -€808 | -12.2% |
| Trade receivables | 40 | €4,820 | €5,524 | +€704 | +14.6% |
| Other amounts receivable | 41 | €1,794 | €283 | -€1,512 | -84.2% |
| Cash at bank and in hand | 54/58 | €76,540 | €118,896 | +€42,356 | +55.3% |
| Deferred charges and accrued income | 490/1 | €4,131 | €4,164 | +€33 | +0.8% |
| Total equity and liabilities | 10/49 | €98,200 | €141,661 | +€43,461 | +44.3% |
| Equity | 10/15 | €72,138 | €105,541 | +€33,403 | +46.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,138 | €100,541 | +€33,403 | +49.8% |
| Amounts payable | 17/49 | €26,062 | €36,121 | +€10,059 | +38.6% |
| Amounts payable within one year | 42/48 | €25,062 | €34,856 | +€9,794 | +39.1% |
| Trade debts | 44 | €5,101 | €4,263 | -€838 | -16.4% |
| Suppliers | 440/4 | €5,101 | €4,263 | -€838 | -16.4% |
| Taxes, remuneration and social security | 45 | €18,294 | €28,926 | +€10,632 | +58.1% |
| Taxes | 450/3 | €18,294 | €28,926 | +€10,632 | +58.1% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,265 | +€265 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,364 | €2,157 | -€2,208 | -50.6% |
| Other operating charges | 640/8 | €1,286 | €1,246 | -€39 | -3.0% |
| Gross operating margin | 9900 | €91,576 | €47,783 | -€43,793 | -47.8% |
| Operating profit (loss) | 9901 | €85,926 | €44,380 | -€41,546 | -48.4% |
| Financial income | 75/76B | €1,145 | €723 | -€422 | -36.8% |
| Recurring financial income | 75 | €1,145 | €723 | -€422 | -36.8% |
| Financial charges | 65/66B | €252 | €188 | -€63 | -25.1% |
| Recurring financial charges | 65 | €252 | €188 | -€63 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €86,820 | €44,915 | -€41,905 | -48.3% |
| Income taxes | 67/77 | €18,016 | €9,846 | -€8,170 | -45.3% |
| Profit (loss) for the period | 9904 | €68,804 | €35,069 | -€33,735 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,804 | €35,069 | -€33,735 | -49.0% |
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 13 October 2026 via checked.be.