Walter Meurs: 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.
Walter Meurs
Largest movements
- Cash +€57,185
up €57,185 (+72.4%), from €79,018 to €136,203
mainly Net result for the year (+€83,645) and Other debts (+€47,945)
- Receivables within one year -€3,628
down €3,628 (-52.0%), from €6,978 to €3,350
- Tangible fixed assets -€1,914
down €1,914 (-32.9%), from €5,815 to €3,901
of which Furniture and vehicles: -€1,060
- Other debts +€47,945
up €47,945 (+121%), from €39,535 to €87,480
- Profit (loss) carried forward +€3,645
up €3,645 (+12.8%), from €28,550 to €32,195
- Financial income -€8,903
down €8,903 (-95.6%), from €9,314 to €411
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 | €102,181 | €154,080 | +€51,898 | +50.8% |
| Fixed assets | 21/28 | €5,815 | €3,901 | -€1,914 | -32.9% |
| Tangible fixed assets | 22/27 | €5,815 | €3,901 | -€1,914 | -32.9% |
| Plant, machinery and equipment | 23 | €2,968 | €2,114 | -€854 | -28.8% |
| Furniture and vehicles | 24 | €2,847 | €1,788 | -€1,060 | -37.2% |
| Current assets | 29/58 | €96,366 | €150,178 | +€53,812 | +55.8% |
| Amounts receivable within one year | 40/41 | €6,978 | €3,350 | -€3,628 | -52.0% |
| Other amounts receivable | 41 | €6,978 | €3,350 | -€3,628 | -52.0% |
| Current investments | 50/53 | €9,610 | €9,610 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,018 | €136,203 | +€57,185 | +72.4% |
| Deferred charges and accrued income | 490/1 | €761 | €1,016 | +€255 | +33.6% |
| Total equity and liabilities | 10/49 | €102,181 | €154,080 | +€51,898 | +50.8% |
| Equity | 10/15 | €43,550 | €47,195 | +€3,645 | +8.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,550 | €32,195 | +€3,645 | +12.8% |
| Amounts payable | 17/49 | €58,631 | €106,884 | +€48,253 | +82.3% |
| Amounts payable within one year | 42/48 | €58,631 | €106,884 | +€48,253 | +82.3% |
| Trade debts | 44 | €1,323 | €1,289 | -€34 | -2.6% |
| Suppliers | 440/4 | €1,323 | €1,289 | -€34 | -2.6% |
| Taxes, remuneration and social security | 45 | €17,773 | €18,115 | +€342 | +1.9% |
| Taxes | 450/3 | €17,260 | €17,291 | +€31 | +0.2% |
| Remuneration and social security | 454/9 | €513 | €824 | +€311 | +60.6% |
| Other amounts payable | 47/48 | €39,535 | €87,480 | +€47,945 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,831 | €2,045 | +€214 | +11.7% |
| Other operating charges | 640/8 | €458 | €462 | +€4 | +0.8% |
| Gross operating margin | 9900 | €109,558 | €110,640 | +€1,082 | +1.0% |
| Operating profit (loss) | 9901 | €107,269 | €108,133 | +€864 | +0.8% |
| Financial income | 75/76B | €9,314 | €411 | -€8,903 | -95.6% |
| Recurring financial income | 75 | €9,314 | €411 | -€8,903 | -95.6% |
| Financial charges | 65/66B | €3,090 | €2,717 | -€373 | -12.1% |
| Recurring financial charges | 65 | €3,090 | €2,717 | -€373 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €113,494 | €105,827 | -€7,667 | -6.8% |
| Income taxes | 67/77 | €22,430 | €22,182 | -€248 | -1.1% |
| Profit (loss) for the period | 9904 | €91,064 | €83,645 | -€7,419 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,064 | €83,645 | -€7,419 | -8.1% |
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 21 October 2026 via checked.be.