VAN MEENEN MANAGEMENT: 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 MEENEN MANAGEMENT
Largest movements
- Tangible fixed assets +€819,927
up €819,927 (+33.6%), from €2.4m to €3.3m
of which Land and buildings: +€807,829
- Receivables within one year -€632,110
down €632,110 (-55.1%), from €1.1m to €514,348
of which Other amounts receivable: -€715,768
- Cash -€64,652
down €64,652 (-15.4%), from €419,942 to €355,290
mainly Investment in fixed assets (net) (-€1.1m) and Contributions, distributions and other (-€287,766)
- Accrued charges and deferred income +€137,975
up €137,975 (+324%), from €42,645 to €180,620
- Debts after one year -€136,466
down €136,466 (-100%), from €136,466 to €0
- Reserves +€111,418
up €111,418 (+2.5%), from €4.5m to €4.6m
- Other debts +€71,375
up €71,375 (+8.2%), from €870,299 to €941,674
- Tax, wage and social debts -€62,413
down €62,413 (-20.7%), from €301,719 to €239,306
of which Taxes: -€62,413
- Financial income -€2.0m
down €2.0m (-100.0%), from €2.0m to €351
- Taxes -€223,738
down €223,738 (-55.5%), from €403,407 to €179,668
- Depreciation +€130,479
up €130,479 (+116%), from €112,214 to €242,693
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 | €5,971,374 | €6,093,954 | +€122,579 | +2.1% |
| Fixed assets | 21/28 | €4,401,838 | €5,221,765 | +€819,927 | +18.6% |
| Tangible fixed assets | 22/27 | €2,441,838 | €3,261,765 | +€819,927 | +33.6% |
| Land and buildings | 22 | €2,438,858 | €3,246,687 | +€807,829 | +33.1% |
| Plant, machinery and equipment | 23 | €2,980 | €15,077 | +€12,098 | +406% |
| Financial fixed assets | 28 | €1,960,000 | €1,960,000 | = | 0.0% |
| Current assets | 29/58 | €1,569,536 | €872,189 | -€697,347 | -44.4% |
| Amounts receivable within one year | 40/41 | €1,146,458 | €514,348 | -€632,110 | -55.1% |
| Trade receivables | 40 | €387,960 | €471,617 | +€83,658 | +21.6% |
| Other amounts receivable | 41 | €758,498 | €42,730 | -€715,768 | -94.4% |
| Cash at bank and in hand | 54/58 | €419,942 | €355,290 | -€64,652 | -15.4% |
| Deferred charges and accrued income | 490/1 | €3,136 | €2,551 | -€585 | -18.7% |
| Total equity and liabilities | 10/49 | €5,971,374 | €6,093,954 | +€122,579 | +2.1% |
| Equity | 10/15 | €4,477,053 | €4,588,471 | +€111,418 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,458,453 | €4,569,871 | +€111,418 | +2.5% |
| Distributable reserves | 133 | €4,458,453 | €4,569,871 | +€111,418 | +2.5% |
| Amounts payable | 17/49 | €1,494,322 | €1,505,483 | +€11,161 | +0.7% |
| Amounts payable after more than one year | 17 | €136,466 | €0 | -€136,466 | -100% |
| Financial debts | 170/4 | €136,466 | €0 | -€136,466 | -100% |
| Amounts payable within one year | 42/48 | €1,315,211 | €1,324,863 | +€9,652 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €132,517 | €136,466 | +€3,949 | +3.0% |
| Trade debts | 44 | €10,676 | €7,417 | -€3,259 | -30.5% |
| Suppliers | 440/4 | €10,676 | €7,417 | -€3,259 | -30.5% |
| Taxes, remuneration and social security | 45 | €301,719 | €239,306 | -€62,413 | -20.7% |
| Taxes | 450/3 | €294,219 | €231,806 | -€62,413 | -21.2% |
| Remuneration and social security | 454/9 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 47/48 | €870,299 | €941,674 | +€71,375 | +8.2% |
| Accrued charges and deferred income | 492/3 | €42,645 | €180,620 | +€137,975 | +324% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,214 | €242,693 | +€130,479 | +116% |
| Other operating charges | 640/8 | €16,363 | €11,199 | -€5,164 | -31.6% |
| Gross operating margin | 9900 | €871,969 | €864,165 | -€7,803 | -0.9% |
| Operating profit (loss) | 9901 | €743,391 | €610,273 | -€133,118 | -17.9% |
| Financial income | 75/76B | €2,004,581 | €351 | -€2.0m | -100.0% |
| Recurring financial income | 75 | €2,004,581 | €351 | -€2.0m | -100.0% |
| Financial charges | 65/66B | €37,351 | €31,772 | -€5,578 | -14.9% |
| Recurring financial charges | 65 | €37,351 | €31,772 | -€5,578 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €2,710,622 | €578,852 | -€2.1m | -78.6% |
| Income taxes | 67/77 | €403,407 | €179,668 | -€223,738 | -55.5% |
| Profit (loss) for the period | 9904 | €2,307,215 | €399,184 | -€1.9m | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,307,215 | €399,184 | -€1.9m | -82.7% |
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 25 October 2026 via checked.be.