SV De Meester: 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.
SV De Meester
Largest movements
- Stocks and contracts -€13,369
down €13,369 (-57.3%), from €23,326 to €9,957
- Cash +€9,470
up €9,470 (+13.5%), from €70,110 to €79,581
mainly Stocks and contracts (+€13,369) and Other debts (+€13,013)
- Receivables within one year +€7,758
up €7,758 (+159%), from €4,865 to €12,623
of which Trade receivables: +€5,478
- Tangible fixed assets -€4,514
down €4,514 (-35.4%), from €12,745 to €8,231
of which Plant, machinery and equipment: -€4,111
- Reserves -€16,553
down €16,553 (-31.9%), from €51,891 to €35,338
- Other debts +€13,013
up €13,013 (+64.4%), from €20,198 to €33,211
- Advances received +€6,629
new in 2025: €6,629
- Trade debts -€5,231
down €5,231 (-30.0%), from €17,456 to €12,225
- Gross operating margin -€9,561
down €9,561 (-12.3%), from €78,039 to €68,478
- Depreciation -€5,550
down €5,550 (-42.3%), from €13,124 to €7,574
- Staff costs -€4,990
down €4,990 (-6.3%), from €79,089 to €74,099
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 | €111,046 | €110,392 | -€654 | -0.6% |
| Fixed assets | 21/28 | €12,745 | €8,231 | -€4,514 | -35.4% |
| Tangible fixed assets | 22/27 | €12,745 | €8,231 | -€4,514 | -35.4% |
| Land and buildings | 22 | €1,519 | €1,365 | -€153 | -10.1% |
| Plant, machinery and equipment | 23 | €7,824 | €3,713 | -€4,111 | -52.5% |
| Furniture and vehicles | 24 | €3,402 | €3,153 | -€249 | -7.3% |
| Current assets | 29/58 | €98,301 | €102,161 | +€3,860 | +3.9% |
| Stocks and contracts in progress | 3 | €23,326 | €9,957 | -€13,369 | -57.3% |
| Stocks | 30/36 | €23,326 | €9,957 | -€13,369 | -57.3% |
| Amounts receivable within one year | 40/41 | €4,865 | €12,623 | +€7,758 | +159% |
| Trade receivables | 40 | - | €5,478 | +€5,478 | |
| Other amounts receivable | 41 | €4,865 | €7,145 | +€2,280 | +46.9% |
| Cash at bank and in hand | 54/58 | €70,110 | €79,581 | +€9,470 | +13.5% |
| Total equity and liabilities | 10/49 | €111,046 | €110,392 | -€654 | -0.6% |
| Equity | 10/15 | €56,891 | €40,338 | -€16,553 | -29.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,891 | €35,338 | -€16,553 | -31.9% |
| Distributable reserves | 133 | €51,891 | €35,338 | -€16,553 | -31.9% |
| Amounts payable | 17/49 | €54,154 | €70,054 | +€15,899 | +29.4% |
| Amounts payable within one year | 42/48 | €47,114 | €62,491 | +€15,377 | +32.6% |
| Trade debts | 44 | €17,456 | €12,225 | -€5,231 | -30.0% |
| Suppliers | 440/4 | €17,456 | €12,225 | -€5,231 | -30.0% |
| Advances received on contracts in progress | 46 | - | €6,629 | +€6,629 | |
| Taxes, remuneration and social security | 45 | €9,461 | €10,426 | +€966 | +10.2% |
| Taxes | 450/3 | €9,461 | €10,426 | +€966 | +10.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,198 | €33,211 | +€13,013 | +64.4% |
| Accrued charges and deferred income | 492/3 | €7,040 | €7,563 | +€523 | +7.4% |
| Remuneration, social security and pensions | 62 | €79,089 | €74,099 | -€4,990 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,124 | €7,574 | -€5,550 | -42.3% |
| Other operating charges | 640/8 | €528 | €915 | +€388 | +73.4% |
| Non-recurring operating charges | 66A | - | €587 | +€587 | |
| Gross operating margin | 9900 | €78,039 | €68,478 | -€9,561 | -12.3% |
| Operating profit (loss) | 9901 | -€14,702 | -€14,698 | +€5 | 0.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,344 | €1,743 | +€399 | +29.7% |
| Recurring financial charges | 65 | €1,344 | €1,743 | +€399 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,046 | -€16,441 | -€395 | -2.5% |
| Income taxes | 67/77 | -€144 | €112 | +€256 | |
| Profit (loss) for the period | 9904 | -€15,903 | -€16,553 | -€651 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,903 | -€16,553 | -€651 | -4.1% |
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 24 October 2026 via checked.be.