VZW Meulestede: 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.
What changed
VZW Meulestede
NACE 90.312, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€60,444
2024 · -€104,395+€43,951
Equity
€1.4m
2024 · €1.5m-€60,444
Cash
€12,484
2024 · €9,952+€2,532
Balance sheet total
€1.6m
2024 · €1.7m-€64,523
Largest movements
Assets
- Tangible fixed assets -€61,259
down €61,259 (-3.8%), from €1.6m to €1.6m
of which Land and buildings: -€56,956
Equity and liabilities
- Profit (loss) carried forward -€60,444
down €60,444 (-7.7%), from €780,219 to €719,775
Income statement
- Gross operating margin -€7,619
down €7,619 (-14.6%), from €52,106 to €44,487
- Other operating charges +€3,992
up €3,992 (+47.3%), from €8,434 to €12,426
- Depreciation +€3,952
up €3,952 (+6.4%), from €61,913 to €65,865
- Financial charges +€740
up €740 (+23.1%), from €3,199 to €3,939
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.
Result 2024
-€104,395
Gross operating margin
-€7,619
Staff costs
+€26
Depreciation
-€3,952
Other operating charges
-€3,992
Other operating items
+€60,524
Financial income
+€111
Financial charges
-€740
Taxes
-€407
Result 2025
-€60,444
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20,163
Investment
-€4,606
Financing
-€13,025
Cash 2024
€9,952
From operations (derived)
+€20,163
Net result for the year
-€60,444
Depreciation
+€65,865
Stocks and contracts
+€1,340
Receivables within one year
+€3,977
Deferred charges and accrued income
+€479
Debts within one year
+€8,296
Accrued charges and deferred income
+€650
Investment (derived)
-€4,606
Investment in fixed assets (net)
-€4,606
Financing
-€13,025
Debts after one year
-€13,025
Cash 2025
€12,484
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,654,550 | €1,590,027 | -€64,523 | -3.9% |
| Fixed assets | 21/28 | €1,625,112 | €1,563,853 | -€61,259 | -3.8% |
| Tangible fixed assets | 22/27 | €1,625,112 | €1,563,853 | -€61,259 | -3.8% |
| Land and buildings | 22 | €1,571,819 | €1,514,863 | -€56,956 | -3.6% |
| Plant, machinery and equipment | 23 | €52,475 | €48,499 | -€3,976 | -7.6% |
| Furniture and vehicles | 24 | €818 | €491 | -€327 | -40.0% |
| Current assets | 29/58 | €29,438 | €26,174 | -€3,264 | -11.1% |
| Stocks and contracts in progress | 3 | €3,298 | €1,958 | -€1,340 | -40.6% |
| Stocks | 30/36 | €3,298 | €1,958 | -€1,340 | -40.6% |
| Amounts receivable within one year | 40/41 | €12,722 | €8,745 | -€3,977 | -31.3% |
| Trade receivables | 40 | €9,532 | €1,845 | -€7,687 | -80.6% |
| Other amounts receivable | 41 | €3,190 | €6,900 | +€3,710 | +116% |
| Cash at bank and in hand | 54/58 | €9,952 | €12,484 | +€2,532 | +25.4% |
| Deferred charges and accrued income | 490/1 | €3,466 | €2,987 | -€479 | -13.8% |
| Total equity and liabilities | 10/49 | €1,654,550 | €1,590,027 | -€64,523 | -3.9% |
| Equity | 10/15 | €1,456,925 | €1,396,481 | -€60,444 | -4.1% |
| Contributions | 10/11 | €676,706 | €676,706 | = | 0.0% |
| Capital | 10 | €676,706 | €676,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €780,219 | €719,775 | -€60,444 | -7.7% |
| Amounts payable | 17/49 | €197,625 | €193,546 | -€4,079 | -2.1% |
| Amounts payable after more than one year | 17 | €159,590 | €146,565 | -€13,025 | -8.2% |
| Financial debts | 170/4 | €159,590 | €146,565 | -€13,025 | -8.2% |
| Amounts payable within one year | 42/48 | €32,810 | €41,106 | +€8,296 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €15,281 | €17,959 | +€2,678 | +17.5% |
| Trade debts | 44 | €7,243 | €21,758 | +€14,515 | +200% |
| Suppliers | 440/4 | €7,243 | €21,758 | +€14,515 | +200% |
| Taxes, remuneration and social security | 45 | €9,986 | €1,089 | -€8,897 | -89.1% |
| Taxes | 450/3 | €9,613 | €708 | -€8,905 | -92.6% |
| Remuneration and social security | 454/9 | €373 | €381 | +€8 | +2.1% |
| Accrued charges and deferred income | 492/3 | €5,225 | €5,875 | +€650 | +12.4% |
| Non-recurring operating income | 76A | €27,576 | €779 | -€26,797 | -97.2% |
| Remuneration, social security and pensions | 62 | €4,903 | €4,877 | -€26 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,913 | €65,865 | +€3,952 | +6.4% |
| Other operating charges | 640/8 | €8,434 | €12,426 | +€3,992 | +47.3% |
| Non-recurring operating charges | 66A | €72,923 | €12,399 | -€60,524 | -83.0% |
| Gross operating margin | 9900 | €52,106 | €44,487 | -€7,619 | -14.6% |
| Operating profit (loss) | 9901 | -€96,067 | -€51,080 | +€44,987 | +46.8% |
| Financial income | 75/76B | €10 | €121 | +€111 | +1,110% |
| Recurring financial income | 75 | €10 | €121 | +€111 | +1,110% |
| Financial charges | 65/66B | €3,199 | €3,939 | +€740 | +23.1% |
| Recurring financial charges | 65 | €3,199 | €3,939 | +€740 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€99,256 | -€54,898 | +€44,358 | +44.7% |
| Income taxes | 67/77 | €5,139 | €5,546 | +€407 | +7.9% |
| Profit (loss) for the period | 9904 | -€104,395 | -€60,444 | +€43,951 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,395 | -€60,444 | +€43,951 | +42.1% |
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 13 October 2026 via checked.be.