Werner Meir: 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.
Werner Meir
Largest movements
- Tangible fixed assets -€6,106
down €6,106 (-32.4%), from €18,828 to €12,722
of which Leasing and similar rights: -€6,648
- Stocks and contracts +€2,010
up €2,010 (+86.1%), from €2,335 to €4,345
- Cash +€1,558
up €1,558 (+27.3%), from €5,706 to €7,264
mainly Net result for the year (+€19,863) and Depreciation (+€7,165)
- Reserves +€19,863
up €19,863 (+30.3%), from €65,543 to €85,406
- Trade debts -€11,982
down €11,982 (-89.6%), from €13,367 to €1,385
- Tax, wage and social debts -€8,224
down €8,224 (-53.6%), from €15,348 to €7,124
of which Taxes: -€8,224
- Debts after one year -€6,073
down €6,073 (-55.1%), from €11,029 to €4,957
- Advances received +€3,162
up €3,162, from €0 to €3,162
- Gross operating margin +€30,671
up €30,671 (+1,335%), from €2,297 to €32,968
- Taxes +€2,982
up €2,982 (+227%), from €1,314 to €4,296
- Financial charges -€1,367
down €1,367 (-37.0%), from €3,692 to €2,325
- Financial income -€690
down €690 (-18.4%), from €3,758 to €3,068
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 | €131,181 | €128,106 | -€3,075 | -2.3% |
| Fixed assets | 21/28 | €18,828 | €12,722 | -€6,106 | -32.4% |
| Tangible fixed assets | 22/27 | €18,828 | €12,722 | -€6,106 | -32.4% |
| Plant, machinery and equipment | 23 | €895 | €482 | -€413 | -46.2% |
| Furniture and vehicles | 24 | - | €955 | +€955 | |
| Leasing and similar rights | 25 | €17,933 | €11,285 | -€6,648 | -37.1% |
| Current assets | 29/58 | €112,353 | €115,384 | +€3,031 | +2.7% |
| Stocks and contracts in progress | 3 | €2,335 | €4,345 | +€2,010 | +86.1% |
| Stocks | 30/36 | €2,335 | €4,345 | +€2,010 | +86.1% |
| Amounts receivable within one year | 40/41 | €104,312 | €103,775 | -€538 | -0.5% |
| Trade receivables | 40 | €34,710 | €39,916 | +€5,206 | +15.0% |
| Other amounts receivable | 41 | €69,603 | €63,859 | -€5,744 | -8.3% |
| Cash at bank and in hand | 54/58 | €5,706 | €7,264 | +€1,558 | +27.3% |
| Total equity and liabilities | 10/49 | €131,181 | €128,106 | -€3,075 | -2.3% |
| Equity | 10/15 | €85,543 | €105,406 | +€19,863 | +23.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,543 | €85,406 | +€19,863 | +30.3% |
| Distributable reserves | 133 | €65,543 | €85,406 | +€19,863 | +30.3% |
| Amounts payable | 17/49 | €45,638 | €22,700 | -€22,938 | -50.3% |
| Amounts payable after more than one year | 17 | €11,029 | €4,957 | -€6,073 | -55.1% |
| Financial debts | 170/4 | €11,029 | €4,957 | -€6,073 | -55.1% |
| Amounts payable within one year | 42/48 | €34,609 | €17,743 | -€16,865 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €5,894 | €6,073 | +€179 | +3.0% |
| Trade debts | 44 | €13,367 | €1,385 | -€11,982 | -89.6% |
| Suppliers | 440/4 | €13,367 | €1,385 | -€11,982 | -89.6% |
| Advances received on contracts in progress | 46 | €0 | €3,162 | +€3,162 | |
| Taxes, remuneration and social security | 45 | €15,348 | €7,124 | -€8,224 | -53.6% |
| Taxes | 450/3 | €15,020 | €6,796 | -€8,224 | -54.8% |
| Remuneration and social security | 454/9 | €328 | €328 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,061 | €7,165 | +€105 | +1.5% |
| Other operating charges | 640/8 | €2,405 | €2,387 | -€18 | -0.7% |
| Gross operating margin | 9900 | €2,297 | €32,968 | +€30,671 | +1,335% |
| Operating profit (loss) | 9901 | -€7,168 | €23,416 | +€30,584 | |
| Financial income | 75/76B | €3,758 | €3,068 | -€690 | -18.4% |
| Recurring financial income | 75 | €3,758 | €3,068 | -€690 | -18.4% |
| Financial charges | 65/66B | €3,692 | €2,325 | -€1,367 | -37.0% |
| Recurring financial charges | 65 | €3,692 | €2,325 | -€1,367 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,102 | €24,159 | +€31,261 | |
| Income taxes | 67/77 | €1,314 | €4,296 | +€2,982 | +227% |
| Profit (loss) for the period | 9904 | -€8,416 | €19,863 | +€28,279 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,416 | €19,863 | +€28,279 |
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 30 October 2026 via checked.be.