BMH Mestdagh: 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.
BMH Mestdagh
Largest movements
- Receivables within one year +€379,978
up €379,978 (+492%), from €77,304 to €457,282
of which Other amounts receivable: +€338,885
- Tangible fixed assets -€18,739
down €18,739 (-1.9%), from €1.0m to €993,168
of which Land and buildings: -€9,952
- Reserves +€148,656
up €148,656 (+48.1%), from €309,134 to €457,790
- Debts after one year +€103,661
up €103,661 (+14.5%), from €713,362 to €817,023
- Current portion of long-term debt +€54,215
up €54,215 (+77.4%), from €70,006 to €124,221
- Other debts +€34,548
up €34,548 (+51.4%), from €67,259 to €101,807
- Gross operating margin +€142,400
up €142,400 (+133%), from €107,008 to €249,408
- Taxes +€41,071
up €41,071 (+221%), from €18,594 to €59,666
- Financial income +€14,354
up €14,354 (+973%), from €1,475 to €15,829
- Financial charges +€8,077
up €8,077 (+34.7%), from €23,304 to €31,382
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 | €1,194,118 | €1,556,633 | +€362,515 | +30.4% |
| Fixed assets | 21/28 | €1,111,907 | €1,093,168 | -€18,739 | -1.7% |
| Tangible fixed assets | 22/27 | €1,011,907 | €993,168 | -€18,739 | -1.9% |
| Land and buildings | 22 | €987,444 | €977,492 | -€9,952 | -1.0% |
| Plant, machinery and equipment | 23 | €3,791 | €2,478 | -€1,313 | -34.6% |
| Furniture and vehicles | 24 | €13,006 | €7,339 | -€5,667 | -43.6% |
| Other tangible fixed assets | 26 | €7,665 | €5,859 | -€1,806 | -23.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €82,211 | €463,465 | +€381,254 | +464% |
| Amounts receivable within one year | 40/41 | €77,304 | €457,282 | +€379,978 | +492% |
| Trade receivables | 40 | €1,032 | €42,125 | +€41,093 | +3,983% |
| Other amounts receivable | 41 | €76,273 | €415,157 | +€338,885 | +444% |
| Cash at bank and in hand | 54/58 | €35 | €1,999 | +€1,965 | +5,683% |
| Deferred charges and accrued income | 490/1 | €4,872 | €4,184 | -€688 | -14.1% |
| Total equity and liabilities | 10/49 | €1,194,118 | €1,556,633 | +€362,515 | +30.4% |
| Equity | 10/15 | €328,134 | €476,790 | +€148,656 | +45.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €309,134 | €457,790 | +€148,656 | +48.1% |
| Distributable reserves | 133 | €309,134 | €457,790 | +€148,656 | +48.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €865,984 | €1,079,842 | +€213,859 | +24.7% |
| Amounts payable after more than one year | 17 | €713,362 | €817,023 | +€103,661 | +14.5% |
| Financial debts | 170/4 | €713,362 | €817,023 | +€103,661 | +14.5% |
| Amounts payable within one year | 42/48 | €151,041 | €253,757 | +€102,717 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | €70,006 | €124,221 | +€54,215 | +77.4% |
| Financial debts | 43 | €7,911 | €10,792 | +€2,882 | +36.4% |
| Credit institutions | 430/8 | €7,911 | €10,792 | +€2,882 | +36.4% |
| Trade debts | 44 | €3,287 | €2,856 | -€431 | -13.1% |
| Suppliers | 440/4 | €3,287 | €2,856 | -€431 | -13.1% |
| Taxes, remuneration and social security | 45 | €2,579 | €14,082 | +€11,503 | +446% |
| Taxes | 450/3 | €2,579 | €14,082 | +€11,503 | +446% |
| Other amounts payable | 47/48 | €67,259 | €101,807 | +€34,548 | +51.4% |
| Accrued charges and deferred income | 492/3 | €1,581 | €9,062 | +€7,481 | +473% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,175 | €20,703 | +€528 | +2.6% |
| Other operating charges | 640/8 | €4,830 | €4,831 | +€1 | 0.0% |
| Non-recurring operating charges | 66A | €572 | €0 | -€572 | -100% |
| Gross operating margin | 9900 | €107,008 | €249,408 | +€142,400 | +133% |
| Operating profit (loss) | 9901 | €81,431 | €223,874 | +€142,443 | +175% |
| Financial income | 75/76B | €1,475 | €15,829 | +€14,354 | +973% |
| Recurring financial income | 75 | €1,475 | €15,829 | +€14,354 | +973% |
| Financial charges | 65/66B | €23,304 | €31,382 | +€8,077 | +34.7% |
| Recurring financial charges | 65 | €23,304 | €31,382 | +€8,077 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €59,602 | €208,322 | +€148,720 | +250% |
| Income taxes | 67/77 | €18,594 | €59,666 | +€41,071 | +221% |
| Profit (loss) for the period | 9904 | €41,008 | €148,656 | +€107,649 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €41,008 | €148,656 | +€107,649 | +263% |
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 28 October 2026 via checked.be.