PATRICK MEERT: 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.
PATRICK MEERT
Largest movements
- Cash +€38,070
up €38,070 (+238.1%), from €15,987 to €54,057
mainly Net result for the year (+€31,135) and Receivables within one year (+€7,783)
- Receivables within one year -€7,783
down €7,783 (-56.7%), from €13,716 to €5,934
of which Trade receivables: -€9,089
- Tangible fixed assets +€3,262
up €3,262 (+823.2%), from €396 to €3,659
of which Furniture and vehicles: +€3,510
- Profit (loss) carried forward +€31,135
up €31,135 (+86.3%), from -€36,086 to -€4,951
- Tax, wage and social debts +€2,379
up €2,379, from €0 to €2,379
- Turnover +€29,268
up €29,268 (+35.3%), from €82,983 to €112,251
- Gross operating margin +€25,605
up €25,605 (+231.2%), from €11,075 to €36,680
- Purchases and services +€2,439
up €2,439 (+3.3%), from €73,132 to €75,571
- Taxes +€2,379
new in 2025: €2,379
- Depreciation +€1,573
up €1,573 (+635.1%), from €248 to €1,821
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.
Cash bridge derived
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 | €32,730 | €65,519 | +€32,789 | +100.2% |
| Fixed assets | 21/28 | €1,066 | €4,328 | +€3,262 | +306.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €396 | €3,659 | +€3,262 | +823.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €396 | €149 | -€248 | -62.5% |
| Furniture and vehicles | 24 | €0 | €3,510 | +€3,510 | |
| Financial fixed assets | 28 | €669 | €669 | = | 0.0% |
| Current assets | 29/58 | €31,664 | €61,191 | +€29,527 | +93.2% |
| Stocks and contracts in progress | 3 | €1,500 | €1,200 | -€300 | -20.0% |
| Stocks | 30/36 | €1,500 | €1,200 | -€300 | -20.0% |
| Amounts receivable within one year | 40/41 | €13,716 | €5,934 | -€7,783 | -56.7% |
| Trade receivables | 40 | €12,538 | €3,450 | -€9,089 | -72.5% |
| Other amounts receivable | 41 | €1,178 | €2,484 | +€1,306 | +110.8% |
| Cash at bank and in hand | 54/58 | €15,987 | €54,057 | +€38,070 | +238.1% |
| Deferred charges and accrued income | 490/1 | €460 | €0 | -€460 | -100.0% |
| Total equity and liabilities | 10/49 | €32,730 | €65,519 | +€32,789 | +100.2% |
| Equity | 10/15 | €21,381 | €52,516 | +€31,135 | +145.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €51,261 | €51,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,401 | €49,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,086 | -€4,951 | +€31,135 | +86.3% |
| Amounts payable | 17/49 | €11,349 | €13,003 | +€1,654 | +14.6% |
| Amounts payable within one year | 42/48 | €11,349 | €13,003 | +€1,654 | +14.6% |
| Trade debts | 44 | €6,683 | €6,043 | -€640 | -9.6% |
| Suppliers | 440/4 | €6,683 | €6,043 | -€640 | -9.6% |
| Taxes, remuneration and social security | 45 | €0 | €2,379 | +€2,379 | |
| Taxes | 450/3 | - | €2,379 | +€2,379 | |
| Other amounts payable | 47/48 | €4,666 | €4,581 | -€85 | -1.8% |
| Turnover | 70 | €82,983 | €112,251 | +€29,268 | +35.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,132 | €75,571 | +€2,439 | +3.3% |
| Remuneration, social security and pensions | 62 | €650 | €1,343 | +€693 | +106.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €1,821 | +€1,573 | +635.1% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Non-recurring operating charges | 66A | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €11,075 | €36,680 | +€25,605 | +231.2% |
| Operating profit (loss) | 9901 | €7,528 | €33,367 | +€25,838 | +343.2% |
| Financial income | 75/76B | €38 | €268 | +€230 | +608.2% |
| Recurring financial income | 75 | €38 | €43 | +€5 | +12.9% |
| Non-recurring financial income | 76B | - | €225 | +€225 | |
| Financial charges | 65/66B | €379 | €121 | -€258 | -68.1% |
| Recurring financial charges | 65 | €379 | €121 | -€258 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €7,188 | €33,514 | +€26,326 | +366.3% |
| Income taxes | 67/77 | - | €2,379 | +€2,379 | |
| Profit (loss) for the period | 9904 | €7,188 | €31,135 | +€23,947 | +333.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,188 | €31,135 | +€23,947 | +333.2% |
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 9 October 2026 via checked.be.