Van der Meiren: 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.
Van der Meiren
Largest movements
- Tangible fixed assets -€57,145
down €57,145 (-9.4%), from €606,342 to €549,197
of which Land and buildings: -€53,253
- Receivables after one year +€51,902
up €51,902 (+104%), from €49,768 to €101,670
- Cash -€33,505
down €33,505 (-46.9%), from €71,450 to €37,944
mainly Receivables after one year (-€51,902) and Debts after one year (-€46,623)
- Receivables within one year -€22,089
down €22,089 (-8.4%), from €263,446 to €241,357
- Debts after one year -€46,623
down €46,623 (-16.4%), from €283,573 to €236,950
- Profit (loss) carried forward -€29,121
down €29,121 (-15.4%), from €189,626 to €160,506
- Trade debts +€17,947
up €17,947 (+1,341%), from €1,338 to €19,285
- Depreciation -€10,008
down €10,008 (-14.9%), from €67,154 to €57,145
- Gross operating margin -€4,711
down €4,711 (-5.7%), from €83,238 to €78,528
- Staff costs +€3,237
up €3,237 (+11.7%), from €27,657 to €30,894
- Financial income -€1,990
down €1,990 (-48.9%), from €4,071 to €2,082
- Other operating charges -€1,077
down €1,077 (-4.9%), from €21,867 to €20,790
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 | €991,007 | €930,169 | -€60,838 | -6.1% |
| Fixed assets | 21/28 | €606,342 | €549,197 | -€57,145 | -9.4% |
| Tangible fixed assets | 22/27 | €606,342 | €549,197 | -€57,145 | -9.4% |
| Land and buildings | 22 | €579,095 | €525,842 | -€53,253 | -9.2% |
| Plant, machinery and equipment | 23 | €27,247 | €23,355 | -€3,892 | -14.3% |
| Current assets | 29/58 | €384,664 | €380,972 | -€3,693 | -1.0% |
| Amounts receivable after more than one year | 29 | €49,768 | €101,670 | +€51,902 | +104% |
| Other amounts receivable | 291 | €49,768 | €101,670 | +€51,902 | +104% |
| Amounts receivable within one year | 40/41 | €263,446 | €241,357 | -€22,089 | -8.4% |
| Trade receivables | 40 | €263,446 | €241,357 | -€22,089 | -8.4% |
| Cash at bank and in hand | 54/58 | €71,450 | €37,944 | -€33,505 | -46.9% |
| Total equity and liabilities | 10/49 | €991,007 | €930,169 | -€60,838 | -6.1% |
| Equity | 10/15 | €691,043 | €657,936 | -€33,107 | -4.8% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Revaluation surpluses | 12 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €355,829 | €353,830 | -€1,998 | -0.6% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,829 | €11,830 | -€1,998 | -14.5% |
| Distributable reserves | 133 | €330,000 | €330,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,626 | €160,506 | -€29,121 | -15.4% |
| Investment grants | 15 | €1,988 | €0 | -€1,988 | -100% |
| Provisions and deferred taxes | 16 | €3,517 | €3,038 | -€480 | -13.6% |
| Deferred taxes | 168 | €3,517 | €3,038 | -€480 | -13.6% |
| Amounts payable | 17/49 | €296,446 | €269,195 | -€27,251 | -9.2% |
| Amounts payable after more than one year | 17 | €283,573 | €236,950 | -€46,623 | -16.4% |
| Financial debts | 170/4 | €283,573 | €236,950 | -€46,623 | -16.4% |
| Amounts payable within one year | 42/48 | €12,873 | €32,245 | +€19,372 | +150% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €1,338 | €19,285 | +€17,947 | +1,341% |
| Suppliers | 440/4 | €1,338 | €19,285 | +€17,947 | +1,341% |
| Taxes, remuneration and social security | 45 | €10,235 | €11,660 | +€1,425 | +13.9% |
| Remuneration and social security | 454/9 | €10,235 | €11,660 | +€1,425 | +13.9% |
| Other amounts payable | 47/48 | €1,300 | €1,300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,657 | €30,894 | +€3,237 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,154 | €57,145 | -€10,008 | -14.9% |
| Other operating charges | 640/8 | €21,867 | €20,790 | -€1,077 | -4.9% |
| Gross operating margin | 9900 | €83,238 | €78,528 | -€4,711 | -5.7% |
| Operating profit (loss) | 9901 | -€33,439 | -€30,301 | +€3,137 | +9.4% |
| Financial income | 75/76B | €4,071 | €2,082 | -€1,990 | -48.9% |
| Recurring financial income | 75 | €4,071 | €2,082 | -€1,990 | -48.9% |
| Financial charges | 65/66B | €3,910 | €3,297 | -€613 | -15.7% |
| Recurring financial charges | 65 | €3,910 | €3,297 | -€613 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,277 | -€31,516 | +€1,761 | +5.3% |
| Transfer from deferred taxes | 780 | €480 | €480 | = | 0.0% |
| Income taxes | 67/77 | - | €82 | +€82 | |
| Profit (loss) for the period | 9904 | -€32,797 | -€31,119 | +€1,678 | +5.1% |
| Transfer from tax-exempt reserves | 789 | €1,998 | €1,998 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,799 | -€29,121 | +€1,678 | +5.4% |
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.