T-MEALS: 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.
T-MEALS
Largest movements
- Tangible fixed assets -€14,000
down €14,000 (-23.2%), from €60,379 to €46,378
of which Plant, machinery and equipment: -€11,816
- Receivables within one year -€8,339
down €8,339 (-5.6%), from €149,437 to €141,098
of which Trade receivables: -€8,425
- Profit (loss) carried forward -€53,471
down €53,471 (-18.5%), from -€288,706 to -€342,177
- Other debts +€51,409
up €51,409 (+20.4%), from €251,426 to €302,835
- Trade debts -€35,246
down €35,246 (-17.7%), from €199,183 to €163,936
- Tax, wage and social debts +€14,515
up €14,515 (+23.1%), from €62,810 to €77,326
of which Remuneration and social security: +€10,804
- Gross operating margin +€33,697
up €33,697 (+14.3%), from €236,122 to €269,819
- Staff costs +€3,519
up €3,519 (+1.2%), from €294,654 to €298,172
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,714 | €216,920 | -€22,794 | -9.5% |
| Fixed assets | 21/28 | €60,379 | €46,378 | -€14,000 | -23.2% |
| Tangible fixed assets | 22/27 | €60,379 | €46,378 | -€14,000 | -23.2% |
| Plant, machinery and equipment | 23 | €48,960 | €37,144 | -€11,816 | -24.1% |
| Furniture and vehicles | 24 | €189 | €124 | -€65 | -34.3% |
| Other tangible fixed assets | 26 | €11,229 | €9,110 | -€2,119 | -18.9% |
| Current assets | 29/58 | €179,335 | €170,542 | -€8,793 | -4.9% |
| Stocks and contracts in progress | 3 | €29,898 | €29,444 | -€454 | -1.5% |
| Stocks | 30/36 | €29,898 | €29,444 | -€454 | -1.5% |
| Amounts receivable within one year | 40/41 | €149,437 | €141,098 | -€8,339 | -5.6% |
| Trade receivables | 40 | €149,356 | €140,931 | -€8,425 | -5.6% |
| Other amounts receivable | 41 | €82 | €167 | +€86 | +105% |
| Total equity and liabilities | 10/49 | €239,714 | €216,920 | -€22,794 | -9.5% |
| Equity | 10/15 | -€273,706 | -€327,177 | -€53,471 | -19.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€288,706 | -€342,177 | -€53,471 | -18.5% |
| Amounts payable | 17/49 | €513,420 | €544,097 | +€30,678 | +6.0% |
| Amounts payable within one year | 42/48 | €513,420 | €544,097 | +€30,678 | +6.0% |
| Trade debts | 44 | €199,183 | €163,936 | -€35,246 | -17.7% |
| Suppliers | 440/4 | €199,183 | €163,936 | -€35,246 | -17.7% |
| Taxes, remuneration and social security | 45 | €62,810 | €77,326 | +€14,515 | +23.1% |
| Taxes | 450/3 | €15,944 | €19,656 | +€3,711 | +23.3% |
| Remuneration and social security | 454/9 | €46,866 | €57,670 | +€10,804 | +23.1% |
| Other amounts payable | 47/48 | €251,426 | €302,835 | +€51,409 | +20.4% |
| Remuneration, social security and pensions | 62 | €294,654 | €298,172 | +€3,519 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,747 | €16,651 | +€904 | +5.7% |
| Other operating charges | 640/8 | €393 | €144 | -€248 | -63.3% |
| Gross operating margin | 9900 | €236,122 | €269,819 | +€33,697 | +14.3% |
| Operating profit (loss) | 9901 | -€74,671 | -€45,149 | +€29,523 | +39.5% |
| Financial charges | 65/66B | €7,394 | €8,158 | +€764 | +10.3% |
| Recurring financial charges | 65 | €7,394 | €8,158 | +€764 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€82,066 | -€53,307 | +€28,758 | +35.0% |
| Income taxes | 67/77 | €118 | €164 | +€46 | +38.5% |
| Profit (loss) for the period | 9904 | -€82,184 | -€53,471 | +€28,713 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,184 | -€53,471 | +€28,713 | +34.9% |
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 31 October 2026 via checked.be.