VAN MEIR: what changed
Two fiscal 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 MEIR
Largest movements
- Current assets +€23,910
up €23,910 (+46.0%), from €51,940 to €75,850
of which Receivables within one year: +€16,042
- Tangible fixed assets +€10,752
up €10,752 (+68.0%), from €15,816 to €26,568
- Profit (loss) carried forward +€23,789
up €23,789, from -€16,743 to €7,046
- Reserves +€6,200
new in 2020: €6,200
- Debts within one year +€4,674
up €4,674 (+20.8%), from €22,498 to €27,172
- Gross operating margin +€18,465
up €18,465 (+56.7%), from €32,583 to €51,048
- Taxes +€1,699
up €1,699 (+20.9%), from €8,122 to €9,820
- Depreciation +€693
up €693 (+10.3%), from €6,704 to €7,396
From the 2019 result to the 2020 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.
Cash bridge derived
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,756 | €102,418 | +€34,663 | +51.2% |
| Fixed assets | 21/28 | €15,816 | €26,568 | +€10,752 | +68.0% |
| Tangible fixed assets | 22/27 | €15,816 | €26,568 | +€10,752 | +68.0% |
| Current assets | 29/58 | €51,940 | €75,850 | +€23,910 | +46.0% |
| Amounts receivable within one year | 40/41 | €34,905 | €50,948 | +€16,042 | +46.0% |
| Cash at bank and in hand | 54/58 | €7,013 | €17,488 | +€10,475 | +149.4% |
| Total equity and liabilities | 10/49 | €67,756 | €102,418 | +€34,663 | +51.2% |
| Equity | 10/15 | €45,257 | €75,246 | +€29,989 | +66.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€16,743 | €7,046 | +€23,789 | |
| Amounts payable | 17/49 | €22,498 | €27,172 | +€4,674 | +20.8% |
| Amounts payable within one year | 42/48 | €22,498 | €27,172 | +€4,674 | +20.8% |
| Trade debts | 44 | €1,966 | €8,640 | +€6,674 | +339.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,704 | €7,396 | +€693 | +10.3% |
| Gross operating margin | 9900 | €32,583 | €51,048 | +€18,465 | +56.7% |
| Operating profit (loss) | 9901 | €23,730 | €40,270 | +€16,540 | +69.7% |
| Recurring financial charges | 65 | €615 | €460 | -€155 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €23,115 | €39,809 | +€16,695 | +72.2% |
| Income taxes | 67/77 | €8,122 | €9,820 | +€1,699 | +20.9% |
| Profit (loss) for the period | 9904 | €14,993 | €29,989 | +€14,996 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,993 | €29,989 | +€14,996 | +100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.