Storm Meer 2: 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.
Storm Meer 2
Largest movements
- Current investments -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Cash +€1.1m
up €1.1m (+1,062%), from €108,115 to €1.3m
mainly Current investments (+€1.3m) and Depreciation (+€478,376)
- Tangible fixed assets -€397,082
down €397,082 (-8.7%), from €4.6m to €4.2m
- Receivables within one year -€346,369
down €346,369 (-48.8%), from €709,518 to €363,149
of which Other amounts receivable: -€227,560
- Intangible fixed assets -€81,294
down €81,294 (-71.1%), from €114,409 to €33,115
- Debts after one year -€464,702
down €464,702 (-8.7%), from €5.4m to €4.9m
- Reserves -€354,256
down €354,256 (-80.6%), from €439,553 to €85,297
of which Distributable reserves: -€354,256
- Short-term financial debts -€202,135
down €202,135 (-100%), from €202,135 to €0
- Gross operating margin -€331,897
down €331,897 (-40.2%), from €826,520 to €494,623
- Depreciation -€59,122
down €59,122 (-11.0%), from €537,498 to €478,376
- Taxes -€50,465
down €50,465 (-95.7%), from €52,719 to €2,254
- Financial charges -€9,720
down €9,720 (-7.6%), from €127,096 to €117,376
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 | €6,931,836 | €5,892,633 | -€1.0m | -15.0% |
| Fixed assets | 21/28 | €4,677,733 | €4,199,356 | -€478,376 | -10.2% |
| Intangible fixed assets | 21 | €114,409 | €33,115 | -€81,294 | -71.1% |
| Tangible fixed assets | 22/27 | €4,563,323 | €4,166,241 | -€397,082 | -8.7% |
| Plant, machinery and equipment | 23 | €4,563,323 | €4,166,241 | -€397,082 | -8.7% |
| Current assets | 29/58 | €2,254,103 | €1,693,277 | -€560,826 | -24.9% |
| Amounts receivable within one year | 40/41 | €709,518 | €363,149 | -€346,369 | -48.8% |
| Trade receivables | 40 | €277,365 | €158,556 | -€118,809 | -42.8% |
| Other amounts receivable | 41 | €432,153 | €204,593 | -€227,560 | -52.7% |
| Current investments | 50/53 | €1,331,458 | €0 | -€1.3m | -100% |
| Cash at bank and in hand | 54/58 | €108,115 | €1,256,264 | +€1.1m | +1,062% |
| Deferred charges and accrued income | 490/1 | €105,012 | €73,863 | -€31,149 | -29.7% |
| Total equity and liabilities | 10/49 | €6,931,836 | €5,892,633 | -€1.0m | -15.0% |
| Equity | 10/15 | €786,164 | €431,908 | -€354,256 | -45.1% |
| Contributions | 10/11 | €346,611 | €346,611 | = | 0.0% |
| Capital | 10 | €346,611 | €346,611 | = | 0.0% |
| Issued capital | 100 | €346,611 | €346,611 | = | 0.0% |
| Reserves | 13 | €439,553 | €85,297 | -€354,256 | -80.6% |
| Non-distributable reserves | 130/1 | €34,661 | €34,661 | = | 0.0% |
| Legal reserve | 130 | €34,661 | €34,661 | = | 0.0% |
| Distributable reserves | 133 | €404,892 | €50,636 | -€354,256 | -87.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,145,672 | €5,460,725 | -€684,947 | -11.1% |
| Amounts payable after more than one year | 17 | €5,366,720 | €4,902,018 | -€464,702 | -8.7% |
| Financial debts | 170/4 | €5,366,720 | €4,902,018 | -€464,702 | -8.7% |
| Amounts payable within one year | 42/48 | €754,581 | €512,843 | -€241,737 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €451,492 | €464,702 | +€13,210 | +2.9% |
| Financial debts | 43 | €202,135 | €0 | -€202,135 | -100% |
| Credit institutions | 430/8 | €202,135 | €0 | -€202,135 | -100% |
| Trade debts | 44 | €84,600 | €18,344 | -€66,256 | -78.3% |
| Suppliers | 440/4 | €84,600 | €18,344 | -€66,256 | -78.3% |
| Taxes, remuneration and social security | 45 | €16,354 | €14,089 | -€2,265 | -13.9% |
| Taxes | 450/3 | €16,354 | €14,089 | -€2,265 | -13.9% |
| Other amounts payable | 47/48 | €0 | €15,709 | +€15,709 | |
| Accrued charges and deferred income | 492/3 | €24,371 | €45,864 | +€21,493 | +88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537,498 | €478,376 | -€59,122 | -11.0% |
| Other operating charges | 640/8 | €7,760 | €1,868 | -€5,892 | -75.9% |
| Gross operating margin | 9900 | €826,520 | €494,623 | -€331,897 | -40.2% |
| Operating profit (loss) | 9901 | €281,262 | €14,378 | -€266,884 | -94.9% |
| Financial income | 75/76B | €48,572 | €40,995 | -€7,577 | -15.6% |
| Recurring financial income | 75 | €48,572 | €40,995 | -€7,577 | -15.6% |
| Financial charges | 65/66B | €127,096 | €117,376 | -€9,720 | -7.6% |
| Recurring financial charges | 65 | €127,096 | €117,376 | -€9,720 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €202,738 | -€62,002 | -€264,740 | |
| Income taxes | 67/77 | €52,719 | €2,254 | -€50,465 | -95.7% |
| Profit (loss) for the period | 9904 | €150,019 | -€64,256 | -€214,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,019 | -€64,256 | -€214,275 |
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 16 October 2026 via checked.be.