VAN MEERBERGEN: 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 MEERBERGEN
Largest movements
- Receivables within one year +€19,647
up €19,647 (+64.9%), from €30,269 to €49,916
of which Trade receivables: +€22,194
- Tangible fixed assets -€19,411
down €19,411 (-6.1%), from €317,307 to €297,896
of which Land and buildings: -€25,747
- Cash -€18,155
down €18,155 (-20.7%), from €87,584 to €69,430
mainly Other debts (-€60,598) and Receivables within one year (-€19,647)
- Other debts -€60,598
down €60,598 (-99.3%), from €61,027 to €429
- Reserves +€36,923
up €36,923 (+12.7%), from €291,160 to €328,083
of which Distributable reserves: +€41,391
- Profit (loss) carried forward +€8,926
up €8,926 (+21.6%), from €41,391 to €50,317
- Gross operating margin +€10,736
up €10,736 (+13.1%), from €82,204 to €92,940
- Taxes +€2,157
up €2,157 (+20.1%), from €10,732 to €12,888
- Other operating charges -€1,141
down €1,141 (-24.5%), from €4,667 to €3,526
- Depreciation +€997
up €997 (+3.2%), from €30,923 to €31,919
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 | €439,063 | €420,786 | -€18,277 | -4.2% |
| Fixed assets | 21/28 | €317,357 | €297,946 | -€19,411 | -6.1% |
| Tangible fixed assets | 22/27 | €317,307 | €297,896 | -€19,411 | -6.1% |
| Land and buildings | 22 | €313,822 | €288,075 | -€25,747 | -8.2% |
| Plant, machinery and equipment | 23 | €1,569 | €2,257 | +€688 | +43.8% |
| Furniture and vehicles | 24 | €1,915 | €7,564 | +€5,649 | +295% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €121,706 | €122,840 | +€1,134 | +0.9% |
| Amounts receivable within one year | 40/41 | €30,269 | €49,916 | +€19,647 | +64.9% |
| Trade receivables | 40 | €15,586 | €37,780 | +€22,194 | +142% |
| Other amounts receivable | 41 | €14,683 | €12,136 | -€2,546 | -17.3% |
| Cash at bank and in hand | 54/58 | €87,584 | €69,430 | -€18,155 | -20.7% |
| Deferred charges and accrued income | 490/1 | €3,853 | €3,494 | -€359 | -9.3% |
| Total equity and liabilities | 10/49 | €439,063 | €420,786 | -€18,277 | -4.2% |
| Equity | 10/15 | €354,551 | €400,400 | +€45,849 | +12.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €291,160 | €328,083 | +€36,923 | +12.7% |
| Tax-exempt reserves | 132 | €37,830 | €33,362 | -€4,468 | -11.8% |
| Distributable reserves | 133 | €253,330 | €294,721 | +€41,391 | +16.3% |
| Profit (loss) carried forward | 14 | €41,391 | €50,317 | +€8,926 | +21.6% |
| Provisions and deferred taxes | 16 | €12,610 | €11,121 | -€1,489 | -11.8% |
| Deferred taxes | 168 | €12,610 | €11,121 | -€1,489 | -11.8% |
| Amounts payable | 17/49 | €71,902 | €9,266 | -€62,637 | -87.1% |
| Amounts payable within one year | 42/48 | €71,872 | €9,266 | -€62,606 | -87.1% |
| Trade debts | 44 | €597 | €841 | +€244 | +41.0% |
| Suppliers | 440/4 | €597 | €841 | +€244 | +41.0% |
| Taxes, remuneration and social security | 45 | €10,248 | €7,995 | -€2,253 | -22.0% |
| Taxes | 450/3 | €8,983 | €7,995 | -€988 | -11.0% |
| Remuneration and social security | 454/9 | €1,264 | - | -€1,264 | |
| Other amounts payable | 47/48 | €61,027 | €429 | -€60,598 | -99.3% |
| Accrued charges and deferred income | 492/3 | €31 | - | -€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,923 | €31,919 | +€997 | +3.2% |
| Other operating charges | 640/8 | €4,667 | €3,526 | -€1,141 | -24.5% |
| Gross operating margin | 9900 | €82,204 | €92,940 | +€10,736 | +13.1% |
| Operating profit (loss) | 9901 | €46,614 | €57,495 | +€10,881 | +23.3% |
| Financial income | 75/76B | €6 | €52 | +€46 | +756% |
| Recurring financial income | 75 | €6 | €52 | +€46 | +756% |
| Financial charges | 65/66B | €454 | €299 | -€155 | -34.2% |
| Recurring financial charges | 65 | €454 | €299 | -€155 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €46,166 | €57,248 | +€11,082 | +24.0% |
| Transfer from deferred taxes | 780 | €1,489 | €1,489 | = | 0.0% |
| Income taxes | 67/77 | €10,732 | €12,888 | +€2,157 | +20.1% |
| Profit (loss) for the period | 9904 | €36,923 | €45,849 | +€8,926 | +24.2% |
| Transfer from tax-exempt reserves | 789 | €4,468 | €4,468 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,391 | €50,317 | +€8,926 | +21.6% |
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 27 October 2026 via checked.be.