ONS MEER: 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.
ONS MEER
Largest movements
- Tangible fixed assets +€237,972
up €237,972 (+36.2%), from €658,238 to €896,210
of which Plant, machinery and equipment: +€248,334
- Cash +€30,022
up €30,022 (+7,200%), from €417 to €30,439
mainly Other debts (+€113,502) and Debts after one year (+€82,172)
- Other debts +€113,502
up €113,502 (+76.7%), from €147,905 to €261,407
- Debts after one year +€82,172
up €82,172 (+25.2%), from €325,841 to €408,013
- Trade debts +€42,807
up €42,807 (+222%), from €19,306 to €62,113
- Current portion of long-term debt +€14,559
up €14,559 (+28.5%), from €51,093 to €65,652
- Gross operating margin -€37,990
down €37,990 (-27.0%), from €140,705 to €102,715
- Taxes -€16,854
down €16,854 (-79.1%), from €21,304 to €4,450
- Depreciation +€8,664
up €8,664 (+12.7%), from €68,270 to €76,935
- Staff costs +€3,109
up €3,109 (+84.2%), from €3,693 to €6,802
- Financial charges +€2,554
up €2,554 (+23.6%), from €10,830 to €13,384
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 | €681,317 | €938,340 | +€257,023 | +37.7% |
| Fixed assets | 21/28 | €665,149 | €900,116 | +€234,968 | +35.3% |
| Intangible fixed assets | 21 | €6,410 | €3,406 | -€3,004 | -46.9% |
| Tangible fixed assets | 22/27 | €658,238 | €896,210 | +€237,972 | +36.2% |
| Land and buildings | 22 | €349,169 | €337,451 | -€11,718 | -3.4% |
| Plant, machinery and equipment | 23 | €289,721 | €538,055 | +€248,334 | +85.7% |
| Furniture and vehicles | 24 | €16,220 | €4,728 | -€11,492 | -70.9% |
| Other tangible fixed assets | 26 | €3,128 | €15,976 | +€12,848 | +411% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €16,168 | €38,223 | +€22,055 | +136% |
| Amounts receivable within one year | 40/41 | €13,556 | €7,534 | -€6,022 | -44.4% |
| Trade receivables | 40 | €11,013 | €4,958 | -€6,055 | -55.0% |
| Other amounts receivable | 41 | €2,543 | €2,576 | +€33 | +1.3% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €417 | €30,439 | +€30,022 | +7,200% |
| Deferred charges and accrued income | 490/1 | €1,945 | - | -€1,945 | |
| Total equity and liabilities | 10/49 | €681,317 | €938,340 | +€257,023 | +37.7% |
| Equity | 10/15 | €134,465 | €133,986 | -€479 | -0.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €68,330 | €68,330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,769 | €3,769 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,769 | €3,769 | = | 0.0% |
| Distributable reserves | 133 | €64,560 | €64,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,135 | €5,656 | -€479 | -7.8% |
| Amounts payable | 17/49 | €546,852 | €804,354 | +€257,501 | +47.1% |
| Amounts payable after more than one year | 17 | €325,841 | €408,013 | +€82,172 | +25.2% |
| Financial debts | 170/4 | €325,841 | €408,013 | +€82,172 | +25.2% |
| Amounts payable within one year | 42/48 | €220,182 | €396,341 | +€176,159 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €51,093 | €65,652 | +€14,559 | +28.5% |
| Financial debts | 43 | €100 | - | -€100 | |
| Credit institutions | 430/8 | €100 | - | -€100 | |
| Trade debts | 44 | €19,306 | €62,113 | +€42,807 | +222% |
| Suppliers | 440/4 | €19,306 | €62,113 | +€42,807 | +222% |
| Taxes, remuneration and social security | 45 | €1,779 | €7,169 | +€5,390 | +303% |
| Taxes | 450/3 | €1,779 | €7,169 | +€5,390 | +303% |
| Other amounts payable | 47/48 | €147,905 | €261,407 | +€113,502 | +76.7% |
| Accrued charges and deferred income | 492/3 | €830 | - | -€830 | |
| Remuneration, social security and pensions | 62 | €3,693 | €6,802 | +€3,109 | +84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,270 | €76,935 | +€8,664 | +12.7% |
| Other operating charges | 640/8 | €1,267 | €1,713 | +€446 | +35.2% |
| Gross operating margin | 9900 | €140,705 | €102,715 | -€37,990 | -27.0% |
| Operating profit (loss) | 9901 | €67,475 | €17,265 | -€50,209 | -74.4% |
| Financial income | 75/76B | €10 | €90 | +€80 | +782% |
| Recurring financial income | 75 | €10 | €90 | +€80 | +782% |
| Financial charges | 65/66B | €10,830 | €13,384 | +€2,554 | +23.6% |
| Recurring financial charges | 65 | €10,830 | €13,384 | +€2,554 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €56,655 | €3,972 | -€52,683 | -93.0% |
| Income taxes | 67/77 | €21,304 | €4,450 | -€16,854 | -79.1% |
| Profit (loss) for the period | 9904 | €35,351 | -€479 | -€35,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,351 | -€479 | -€35,830 |
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 18 October 2026 via checked.be.