Mond Meeremans: what changed
Mond Meeremans
Largest movements
- Tangible fixed assets +€117,515
up €117,515 (+56.0%), from €210,012 to €327,527
of which Plant, machinery and equipment: +€117,892
- Cash +€58,889
up €58,889 (+42.6%), from €138,284 to €197,173
mainly Net result for the year (+€163,139) and Debts after one year (+€96,369)
- Receivables within one year -€13,970
down €13,970 (-51.1%), from €27,347 to €13,377
- Stocks and contracts +€6,924
up €6,924 (+32.1%), from €21,577 to €28,501
- Debts after one year +€96,369
up €96,369 (+416%), from €23,176 to €119,545
- Trade debts +€26,700
up €26,700 (+25.3%), from €105,689 to €132,389
- Current portion of long-term debt +€25,811
up €25,811 (+298%), from €8,653 to €34,464
- Other debts +€16,723
up €16,723 (+9.7%), from €172,241 to €188,963
- Gross operating margin +€77,084
up €77,084 (+15.7%), from €490,718 to €567,802
- Staff costs +€53,636
up €53,636 (+24.6%), from €217,979 to €271,614
- Depreciation +€26,735
up €26,735 (+71.2%), from €37,559 to €64,293
- Financial charges +€6,834
up €6,834 (+220%), from €3,110 to €9,944
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,611 | €573,157 | +€169,546 | +42.0% |
| Fixed assets | 21/28 | €210,012 | €327,527 | +€117,515 | +56.0% |
| Tangible fixed assets | 22/27 | €210,012 | €327,527 | +€117,515 | +56.0% |
| Plant, machinery and equipment | 23 | €203,559 | €321,451 | +€117,892 | +57.9% |
| Furniture and vehicles | 24 | €6,453 | €6,076 | -€377 | -5.8% |
| Current assets | 29/58 | €193,599 | €245,630 | +€52,031 | +26.9% |
| Stocks and contracts in progress | 3 | €21,577 | €28,501 | +€6,924 | +32.1% |
| Stocks | 30/36 | €21,577 | €28,501 | +€6,924 | +32.1% |
| Amounts receivable within one year | 40/41 | €27,347 | €13,377 | -€13,970 | -51.1% |
| Trade receivables | 40 | €27,347 | €13,377 | -€13,970 | -51.1% |
| Cash at bank and in hand | 54/58 | €138,284 | €197,173 | +€58,889 | +42.6% |
| Deferred charges and accrued income | 490/1 | €6,391 | €6,579 | +€188 | +2.9% |
| Total equity and liabilities | 10/49 | €403,611 | €573,157 | +€169,546 | +42.0% |
| Equity | 10/15 | €27,689 | €27,828 | +€139 | +0.5% |
| Contributions | 10/11 | €8,770 | €8,770 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €18,919 | €19,058 | +€139 | +0.7% |
| Amounts payable | 17/49 | €375,922 | €545,329 | +€169,407 | +45.1% |
| Amounts payable after more than one year | 17 | €23,176 | €119,545 | +€96,369 | +416% |
| Financial debts | 170/4 | €23,176 | €119,545 | +€96,369 | +416% |
| Amounts payable within one year | 42/48 | €350,858 | €423,897 | +€73,038 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €8,653 | €34,464 | +€25,811 | +298% |
| Trade debts | 44 | €105,689 | €132,389 | +€26,700 | +25.3% |
| Suppliers | 440/4 | €105,689 | €132,389 | +€26,700 | +25.3% |
| Advances received on contracts in progress | 46 | €18,817 | €19,797 | +€980 | +5.2% |
| Taxes, remuneration and social security | 45 | €45,458 | €48,283 | +€2,825 | +6.2% |
| Taxes | 450/3 | €4,124 | €2,611 | -€1,513 | -36.7% |
| Remuneration and social security | 454/9 | €41,334 | €45,672 | +€4,337 | +10.5% |
| Other amounts payable | 47/48 | €172,241 | €188,963 | +€16,723 | +9.7% |
| Accrued charges and deferred income | 492/3 | €1,887 | €1,887 | = | 0.0% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €217,979 | €271,614 | +€53,636 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,559 | €64,293 | +€26,735 | +71.2% |
| Other operating charges | 640/8 | €1,082 | €450 | -€632 | -58.4% |
| Gross operating margin | 9900 | €490,718 | €567,802 | +€77,084 | +15.7% |
| Operating profit (loss) | 9901 | €234,099 | €231,444 | -€2,655 | -1.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €3,110 | €9,944 | +€6,834 | +220% |
| Recurring financial charges | 65 | €3,110 | €9,944 | +€6,834 | +220% |
| Profit (loss) for the period before taxes | 9903 | €230,992 | €221,500 | -€9,492 | -4.1% |
| Income taxes | 67/77 | €58,722 | €58,362 | -€361 | -0.6% |
| Profit (loss) for the period | 9904 | €172,270 | €163,139 | -€9,131 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €172,270 | €163,139 | -€9,131 | -5.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.