De Messenwinkel: 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.
De Messenwinkel
Largest movements
- Intangible fixed assets +€180,000
new in 2026: €180,000
- Stocks and contracts +€173,646
up €173,646 (+494%), from €35,179 to €208,825
- Cash -€55,981
down €55,981 (-56.6%), from €98,858 to €42,877
mainly Investment in fixed assets (net) (-€233,518) and Stocks and contracts (-€173,646)
- Tangible fixed assets +€21,449
up €21,449 (+138%), from €15,579 to €37,028
- Deferred charges and accrued income +€10,225
up €10,225 (+136%), from €7,532 to €17,757
- Debts after one year +€220,691
up €220,691 (+720%), from €30,647 to €251,339
- Current portion of long-term debt +€28,950
up €28,950 (+150%), from €19,353 to €48,302
- Trade debts +€28,851
up €28,851 (+72.0%), from €40,075 to €68,927
- Tax, wage and social debts +€22,144
up €22,144 (+848%), from €2,611 to €24,755
of which Taxes: +€18,730
- Advances received +€16,851
up €16,851 (+5,526%), from €305 to €17,156
- Gross operating margin +€137,716
up €137,716 (+3,239%), from €4,252 to €141,969
- Staff costs +€82,585
new in 2026: €82,585
- Depreciation +€25,453
up €25,453 (+1,333%), from €1,909 to €27,362
- Financial charges +€20,698
up €20,698 (+1,481%), from €1,398 to €22,095
- Taxes +€3,346
up €3,346 (+419%), from €800 to €4,146
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,751 | €507,862 | +€339,110 | +201% |
| Fixed assets | 21/28 | €15,600 | €221,756 | +€206,156 | +1,322% |
| Intangible fixed assets | 21 | - | €180,000 | +€180,000 | |
| Tangible fixed assets | 22/27 | €15,579 | €37,028 | +€21,449 | +138% |
| Plant, machinery and equipment | 23 | €6,220 | €11,508 | +€5,289 | +85.0% |
| Furniture and vehicles | 24 | €8,077 | €13,852 | +€5,775 | +71.5% |
| Other tangible fixed assets | 26 | €1,283 | €11,668 | +€10,385 | +810% |
| Financial fixed assets | 28 | €21 | €4,728 | +€4,707 | +22,576% |
| Current assets | 29/58 | €153,151 | €286,106 | +€132,954 | +86.8% |
| Stocks and contracts in progress | 3 | €35,179 | €208,825 | +€173,646 | +494% |
| Stocks | 30/36 | €35,179 | €208,825 | +€173,646 | +494% |
| Amounts receivable within one year | 40/41 | €11,583 | €16,647 | +€5,064 | +43.7% |
| Trade receivables | 40 | €11,583 | €16,129 | +€4,546 | +39.3% |
| Other amounts receivable | 41 | - | €518 | +€518 | |
| Cash at bank and in hand | 54/58 | €98,858 | €42,877 | -€55,981 | -56.6% |
| Deferred charges and accrued income | 490/1 | €7,532 | €17,757 | +€10,225 | +136% |
| Total equity and liabilities | 10/49 | €168,751 | €507,862 | +€339,110 | +201% |
| Equity | 10/15 | €4,435 | €10,070 | +€5,636 | +127% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €5,070 | +€5,070 | |
| Distributable reserves | 133 | - | €5,070 | +€5,070 | |
| Profit (loss) carried forward | 14 | -€565 | - | +€565 | |
| Amounts payable | 17/49 | €164,317 | €497,791 | +€333,475 | +203% |
| Amounts payable after more than one year | 17 | €30,647 | €251,339 | +€220,691 | +720% |
| Financial debts | 170/4 | €30,647 | €251,339 | +€220,691 | +720% |
| Amounts payable within one year | 42/48 | €132,141 | €238,487 | +€106,347 | +80.5% |
| Current portion of amounts payable after more than one year | 42 | €19,353 | €48,302 | +€28,950 | +150% |
| Financial debts | 43 | - | €8,487 | +€8,487 | |
| Credit institutions | 430/8 | - | €8,487 | +€8,487 | |
| Trade debts | 44 | €40,075 | €68,927 | +€28,851 | +72.0% |
| Suppliers | 440/4 | €40,075 | €68,927 | +€28,851 | +72.0% |
| Advances received on contracts in progress | 46 | €305 | €17,156 | +€16,851 | +5,526% |
| Taxes, remuneration and social security | 45 | €2,611 | €24,755 | +€22,144 | +848% |
| Taxes | 450/3 | €2,611 | €21,341 | +€18,730 | +717% |
| Remuneration and social security | 454/9 | - | €3,414 | +€3,414 | |
| Other amounts payable | 47/48 | €69,797 | €70,861 | +€1,064 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,529 | €7,965 | +€6,437 | +421% |
| Remuneration, social security and pensions | 62 | - | €82,585 | +€82,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,909 | €27,362 | +€25,453 | +1,333% |
| Other operating charges | 640/8 | €728 | €1,418 | +€690 | +94.8% |
| Non-recurring operating charges | 66A | - | €594 | +€594 | |
| Gross operating margin | 9900 | €4,252 | €141,969 | +€137,716 | +3,239% |
| Operating profit (loss) | 9901 | €1,616 | €30,010 | +€28,394 | +1,758% |
| Financial income | 75/76B | €16 | €2,700 | +€2,684 | +16,755% |
| Recurring financial income | 75 | €16 | €2,700 | +€2,684 | +16,755% |
| Financial charges | 65/66B | €1,398 | €22,095 | +€20,698 | +1,481% |
| Recurring financial charges | 65 | €1,398 | €22,095 | +€20,698 | +1,481% |
| Profit (loss) for the period before taxes | 9903 | €234 | €10,615 | +€10,381 | +4,435% |
| Income taxes | 67/77 | €800 | €4,146 | +€3,346 | +419% |
| Profit (loss) for the period | 9904 | -€565 | €6,469 | +€7,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€565 | €6,469 | +€7,034 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.