Sven Meys: 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.
Sven Meys
Largest movements
- Receivables within one year -€13,595
down €13,595 (-97.9%), from €13,884 to €289
of which Trade receivables: -€13,371
- Stocks and contracts +€3,500
up €3,500 (+9.9%), from €35,479 to €38,979
- Reserves -€60,427
down €60,427 (-50.3%), from €120,070 to €59,644
- Other debts +€50,256
up €50,256 (+580%), from €8,671 to €58,926
- Tax, wage and social debts +€2,231
up €2,231 (+30.0%), from €7,440 to €9,671
- Gross operating margin +€7,310
up €7,310 (+20.6%), from €35,422 to €42,732
- Taxes +€1,311
up €1,311 (+22.3%), from €5,869 to €7,180
- Depreciation -€911
down €911 (-6.2%), from €14,652 to €13,741
- Other operating charges +€668
up €668 (+75.9%), from €880 to €1,548
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 | €150,310 | €140,984 | -€9,326 | -6.2% |
| Fixed assets | 21/28 | €67,723 | €67,758 | +€35 | +0.1% |
| Tangible fixed assets | 22/27 | €67,473 | €67,508 | +€35 | +0.1% |
| Plant, machinery and equipment | 23 | €2,882 | €3,538 | +€656 | +22.8% |
| Furniture and vehicles | 24 | €5,580 | €3,607 | -€1,973 | -35.4% |
| Other tangible fixed assets | 26 | €59,011 | €60,363 | +€1,352 | +2.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €82,587 | €73,226 | -€9,361 | -11.3% |
| Stocks and contracts in progress | 3 | €35,479 | €38,979 | +€3,500 | +9.9% |
| Stocks | 30/36 | €35,479 | €38,979 | +€3,500 | +9.9% |
| Amounts receivable within one year | 40/41 | €13,884 | €289 | -€13,595 | -97.9% |
| Trade receivables | 40 | €13,546 | €175 | -€13,371 | -98.7% |
| Other amounts receivable | 41 | €338 | €114 | -€224 | -66.3% |
| Cash at bank and in hand | 54/58 | €31,993 | €33,221 | +€1,228 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,232 | €736 | -€495 | -40.2% |
| Total equity and liabilities | 10/49 | €150,310 | €140,984 | -€9,326 | -6.2% |
| Equity | 10/15 | €132,070 | €71,644 | -€60,427 | -45.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €120,070 | €59,644 | -€60,427 | -50.3% |
| Distributable reserves | 133 | €120,070 | €59,644 | -€60,427 | -50.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,239 | €69,340 | +€51,101 | +280% |
| Amounts payable within one year | 42/48 | €18,239 | €69,340 | +€51,101 | +280% |
| Trade debts | 44 | €2,129 | €743 | -€1,386 | -65.1% |
| Suppliers | 440/4 | €2,129 | €743 | -€1,386 | -65.1% |
| Taxes, remuneration and social security | 45 | €7,440 | €9,671 | +€2,231 | +30.0% |
| Taxes | 450/3 | €7,440 | €9,671 | +€2,231 | +30.0% |
| Other amounts payable | 47/48 | €8,671 | €58,926 | +€50,256 | +580% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,652 | €13,741 | -€911 | -6.2% |
| Other operating charges | 640/8 | €880 | €1,548 | +€668 | +75.9% |
| Non-recurring operating charges | 66A | €6 | €0 | -€6 | -100% |
| Gross operating margin | 9900 | €35,422 | €42,732 | +€7,310 | +20.6% |
| Operating profit (loss) | 9901 | €19,884 | €27,443 | +€7,559 | +38.0% |
| Financial income | 75/76B | €30 | €18 | -€12 | -41.0% |
| Recurring financial income | 75 | €30 | €18 | -€12 | -41.0% |
| Financial charges | 65/66B | €547 | €708 | +€161 | +29.5% |
| Recurring financial charges | 65 | €547 | €708 | +€161 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €19,368 | €26,753 | +€7,385 | +38.1% |
| Income taxes | 67/77 | €5,869 | €7,180 | +€1,311 | +22.3% |
| Profit (loss) for the period | 9904 | €13,499 | €19,573 | +€6,074 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,499 | €19,573 | +€6,074 | +45.0% |
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 28 October 2026 via checked.be.