DE MESS: 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.
DE MESS
Largest movements
- Tangible fixed assets -€72,415
down €72,415 (-9.7%), from €749,768 to €677,353
- Receivables within one year +€29,379
up €29,379 (+361.3%), from €8,131 to €37,510
of which Trade receivables: +€21,370
- Cash -€17,232
down €17,232 (-20.3%), from €84,899 to €67,667
mainly Debts after one year (-€56,171) and Receivables within one year (-€29,379)
- Debts after one year -€56,171
down €56,171 (-13.6%), from €413,751 to €357,580
- Other debts +€36,004
up €36,004 (+314.4%), from €11,451 to €47,455
- Trade debts -€27,377
down €27,377 (-52.8%), from €51,827 to €24,450
- Accrued charges and deferred income -€14,710
no longer reported in 2025 (was €14,710)
- Reserves +€10,916
up €10,916 (+4.3%), from €251,681 to €262,597
of which Distributable reserves: +€10,916
- Gross operating margin -€261,776
down €261,776 (-38.1%), from €686,846 to €425,070
- Staff costs -€132,788
down €132,788 (-32.1%), from €413,052 to €280,264
- Taxes -€36,535
down €36,535 (-80.7%), from €45,295 to €8,760
- Depreciation +€25,892
up €25,892 (+34.9%), from €74,140 to €100,032
- Financial charges -€13,737
down €13,737 (-43.4%), from €31,650 to €17,913
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.
Cash bridge derived
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 | €856,866 | €798,920 | -€57,946 | -6.8% |
| Fixed assets | 21/28 | €750,488 | €678,073 | -€72,415 | -9.6% |
| Tangible fixed assets | 22/27 | €749,768 | €677,353 | -€72,415 | -9.7% |
| Land and buildings | 22 | €518,542 | €489,667 | -€28,875 | -5.6% |
| Plant, machinery and equipment | 23 | €96,093 | €83,100 | -€12,993 | -13.5% |
| Furniture and vehicles | 24 | €101,214 | €89,786 | -€11,428 | -11.3% |
| Other tangible fixed assets | 26 | €33,920 | €14,800 | -€19,120 | -56.4% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €106,378 | €120,847 | +€14,469 | +13.6% |
| Stocks and contracts in progress | 3 | €5,348 | €5,670 | +€322 | +6.0% |
| Stocks | 30/36 | €5,348 | €5,670 | +€322 | +6.0% |
| Amounts receivable within one year | 40/41 | €8,131 | €37,510 | +€29,379 | +361.3% |
| Trade receivables | 40 | €4,553 | €25,922 | +€21,370 | +469.4% |
| Other amounts receivable | 41 | €3,578 | €11,588 | +€8,009 | +223.8% |
| Cash at bank and in hand | 54/58 | €84,899 | €67,667 | -€17,232 | -20.3% |
| Deferred charges and accrued income | 490/1 | €8,000 | €10,000 | +€2,000 | +25.0% |
| Total equity and liabilities | 10/49 | €856,866 | €798,920 | -€57,946 | -6.8% |
| Equity | 10/15 | €270,281 | €281,197 | +€10,916 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,681 | €262,597 | +€10,916 | +4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €249,821 | €260,737 | +€10,916 | +4.4% |
| Amounts payable | 17/49 | €586,585 | €517,722 | -€68,863 | -11.7% |
| Amounts payable after more than one year | 17 | €413,751 | €357,580 | -€56,171 | -13.6% |
| Financial debts | 170/4 | €413,751 | €357,580 | -€56,171 | -13.6% |
| Amounts payable within one year | 42/48 | €158,125 | €160,143 | +€2,018 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €56,154 | €56,171 | +€17 | 0.0% |
| Trade debts | 44 | €51,827 | €24,450 | -€27,377 | -52.8% |
| Suppliers | 440/4 | €51,827 | €24,450 | -€27,377 | -52.8% |
| Advances received on contracts in progress | 46 | €6,489 | €7,521 | +€1,032 | +15.9% |
| Taxes, remuneration and social security | 45 | €32,204 | €24,546 | -€7,658 | -23.8% |
| Taxes | 450/3 | €5,997 | €4,558 | -€1,439 | -24.0% |
| Remuneration and social security | 454/9 | €26,207 | €19,988 | -€6,219 | -23.7% |
| Other amounts payable | 47/48 | €11,451 | €47,455 | +€36,004 | +314.4% |
| Accrued charges and deferred income | 492/3 | €14,710 | - | -€14,710 | |
| Remuneration, social security and pensions | 62 | €413,052 | €280,264 | -€132,788 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,140 | €100,032 | +€25,892 | +34.9% |
| Other operating charges | 640/8 | €8,067 | €5,673 | -€2,394 | -29.7% |
| Gross operating margin | 9900 | €686,846 | €425,070 | -€261,776 | -38.1% |
| Operating profit (loss) | 9901 | €191,586 | €39,101 | -€152,485 | -79.6% |
| Financial income | 75/76B | €8 | €205 | +€197 | +2459.4% |
| Recurring financial income | 75 | €8 | €205 | +€197 | +2459.4% |
| Financial charges | 65/66B | €31,650 | €17,913 | -€13,737 | -43.4% |
| Recurring financial charges | 65 | €31,650 | €17,913 | -€13,737 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €159,944 | €21,394 | -€138,550 | -86.6% |
| Income taxes | 67/77 | €45,295 | €8,760 | -€36,535 | -80.7% |
| Profit (loss) for the period | 9904 | €114,649 | €12,634 | -€102,015 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,649 | €12,634 | -€102,015 | -89.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.