Van der Meersch: what changed
Van der Meersch
Largest movements
- Cash +€61,672
up €61,672 (+22,000%), from €280 to €61,952
mainly Net result for the year (+€131,493) and Receivables within one year (+€44,985)
- Receivables within one year -€44,985
down €44,985 (-60.5%), from €74,363 to €29,378
of which Trade receivables: -€54,867
- Tangible fixed assets +€29,268
up €29,268 (+581%), from €5,036 to €34,304
of which Furniture and vehicles: +€31,627
- Deferred charges and accrued income +€1,806
up €1,806 (+1,227%), from €147 to €1,954
- Profit (loss) carried forward +€85,534
up €85,534, from -€85,534 to €0
- Debts after one year -€83,005
down €83,005 (-60.9%), from €136,329 to €53,324
of which Other amounts payable: -€98,985
- Reserves +€45,959
up €45,959 (+330%), from €13,943 to €59,902
- Tax, wage and social debts -€3,897
down €3,897 (-66.1%), from €5,897 to €2,000
of which Remuneration and social security: -€3,379
- Current portion of long-term debt +€3,716
new in 2025: €3,716
- Staff costs -€227,858
down €227,858 (-100%), from €227,858 to €0
- Gross operating margin -€95,547
down €95,547 (-36.1%), from €264,622 to €169,075
- Taxes +€23,721
new in 2025: €23,721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,827 | €127,588 | +€47,761 | +59.8% |
| Fixed assets | 21/28 | €5,036 | €34,304 | +€29,268 | +581% |
| Tangible fixed assets | 22/27 | €5,036 | €34,304 | +€29,268 | +581% |
| Plant, machinery and equipment | 23 | €2,536 | €177 | -€2,359 | -93.0% |
| Furniture and vehicles | 24 | €2,500 | €34,127 | +€31,627 | +1,265% |
| Current assets | 29/58 | €74,791 | €93,284 | +€18,493 | +24.7% |
| Amounts receivable within one year | 40/41 | €74,363 | €29,378 | -€44,985 | -60.5% |
| Trade receivables | 40 | €62,255 | €7,388 | -€54,867 | -88.1% |
| Other amounts receivable | 41 | €12,109 | €21,990 | +€9,881 | +81.6% |
| Cash at bank and in hand | 54/58 | €280 | €61,952 | +€61,672 | +22,000% |
| Deferred charges and accrued income | 490/1 | €147 | €1,954 | +€1,806 | +1,227% |
| Total equity and liabilities | 10/49 | €79,827 | €127,588 | +€47,761 | +59.8% |
| Equity | 10/15 | -€66,591 | €64,902 | +€131,493 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,943 | €59,902 | +€45,959 | +330% |
| Distributable reserves | 133 | €13,943 | €59,902 | +€45,959 | +330% |
| Profit (loss) carried forward | 14 | -€85,534 | €0 | +€85,534 | |
| Amounts payable | 17/49 | €146,418 | €62,686 | -€83,732 | -57.2% |
| Amounts payable after more than one year | 17 | €136,329 | €53,324 | -€83,005 | -60.9% |
| Financial debts | 170/4 | - | €15,980 | +€15,980 | |
| Other amounts payable | 178/9 | €136,329 | €37,344 | -€98,985 | -72.6% |
| Amounts payable within one year | 42/48 | €10,089 | €9,362 | -€727 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,716 | +€3,716 | |
| Trade debts | 44 | €4,192 | €3,646 | -€546 | -13.0% |
| Suppliers | 440/4 | €4,192 | €3,646 | -€546 | -13.0% |
| Taxes, remuneration and social security | 45 | €5,897 | €2,000 | -€3,897 | -66.1% |
| Taxes | 450/3 | €518 | €0 | -€518 | -100% |
| Remuneration and social security | 454/9 | €5,379 | €2,000 | -€3,379 | -62.8% |
| Non-recurring operating income | 76A | €1,785 | €0 | -€1,785 | -100% |
| Remuneration, social security and pensions | 62 | €227,858 | €0 | -€227,858 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,859 | €3,505 | -€1,354 | -27.9% |
| Other operating charges | 640/8 | €1,027 | €960 | -€67 | -6.5% |
| Non-recurring operating charges | 66A | €6,054 | €1,000 | -€5,054 | -83.5% |
| Gross operating margin | 9900 | €264,622 | €169,075 | -€95,547 | -36.1% |
| Operating profit (loss) | 9901 | €24,824 | €163,610 | +€138,786 | +559% |
| Financial income | 75/76B | €1,455 | €1,380 | -€76 | -5.2% |
| Recurring financial income | 75 | €1,455 | €1,380 | -€76 | -5.2% |
| Financial charges | 65/66B | €7,533 | €9,775 | +€2,242 | +29.8% |
| Recurring financial charges | 65 | €7,533 | €9,775 | +€2,242 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €18,746 | €155,214 | +€136,468 | +728% |
| Income taxes | 67/77 | - | €23,721 | +€23,721 | |
| Profit (loss) for the period | 9904 | €18,746 | €131,493 | +€112,747 | +601% |
| Profit (loss) for the period to be appropriated | 9905 | €18,746 | €131,493 | +€112,747 | +601% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.