M.E.S.: 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.
M.E.S.
Largest movements
- Cash -€23,686
down €23,686 (-74.3%), from €31,884 to €8,198
mainly Net result for the year (-€30,021) and Investment in fixed assets (net) (-€4,191)
- Intangible fixed assets -€4,204
down €4,204 (-21.6%), from €19,497 to €15,293
- Tangible fixed assets +€3,583
up €3,583 (+1,379%), from €260 to €3,843
of which Plant, machinery and equipment: +€3,843
- Receivables within one year -€2,633
down €2,633 (-26.6%), from €9,911 to €7,278
of which Other amounts receivable: -€1,949
- Profit (loss) carried forward -€30,021
down €30,021, from €11,538 to -€18,483
- Trade debts +€2,550
up €2,550 (+106%), from €2,407 to €4,957
- Other debts +€1,608
up €1,608 (+77.8%), from €2,069 to €3,677
- Tax, wage and social debts -€1,383
down €1,383 (-65.2%), from €2,120 to €737
- Gross operating margin -€49,966
down €49,966, from €26,600 to -€23,367
- Depreciation +€2,371
up €2,371 (+97.1%), from €2,441 to €4,812
- Taxes -€2,120
down €2,120 (-100%), from €2,120 to €0
- Other operating charges -€1,408
down €1,408 (-73.0%), from €1,928 to €520
- Financial charges +€1,095
up €1,095 (+483%), from €227 to €1,322
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 | €61,775 | €35,106 | -€26,669 | -43.2% |
| Fixed assets | 21/28 | €19,756 | €19,135 | -€621 | -3.1% |
| Intangible fixed assets | 21 | €19,497 | €15,293 | -€4,204 | -21.6% |
| Tangible fixed assets | 22/27 | €260 | €3,843 | +€3,583 | +1,379% |
| Plant, machinery and equipment | 23 | - | €3,843 | +€3,843 | |
| Furniture and vehicles | 24 | €260 | €0 | -€260 | -100% |
| Current assets | 29/58 | €42,018 | €15,971 | -€26,048 | -62.0% |
| Amounts receivable within one year | 40/41 | €9,911 | €7,278 | -€2,633 | -26.6% |
| Trade receivables | 40 | €7,740 | €7,056 | -€684 | -8.8% |
| Other amounts receivable | 41 | €2,171 | €222 | -€1,949 | -89.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,884 | €8,198 | -€23,686 | -74.3% |
| Deferred charges and accrued income | 490/1 | €224 | €495 | +€271 | +121% |
| Total equity and liabilities | 10/49 | €61,775 | €35,106 | -€26,669 | -43.2% |
| Equity | 10/15 | €54,736 | €24,715 | -€30,021 | -54.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,606 | €24,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,606 | €24,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,538 | -€18,483 | -€30,021 | |
| Amounts payable | 17/49 | €7,039 | €10,391 | +€3,352 | +47.6% |
| Amounts payable within one year | 42/48 | €7,039 | €10,391 | +€3,352 | +47.6% |
| Financial debts | 43 | €443 | €1,020 | +€577 | +130% |
| Credit institutions | 430/8 | €443 | €1,020 | +€577 | +130% |
| Trade debts | 44 | €2,407 | €4,957 | +€2,550 | +106% |
| Suppliers | 440/4 | €2,407 | €4,957 | +€2,550 | +106% |
| Taxes, remuneration and social security | 45 | €2,120 | €737 | -€1,383 | -65.2% |
| Taxes | 450/3 | €2,120 | €737 | -€1,383 | -65.2% |
| Other amounts payable | 47/48 | €2,069 | €3,677 | +€1,608 | +77.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,441 | €4,812 | +€2,371 | +97.1% |
| Other operating charges | 640/8 | €1,928 | €520 | -€1,408 | -73.0% |
| Gross operating margin | 9900 | €26,600 | -€23,367 | -€49,966 | |
| Operating profit (loss) | 9901 | €22,231 | -€28,699 | -€50,929 | |
| Financial income | 75/76B | €41 | €0 | -€41 | -100% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100% |
| Financial charges | 65/66B | €227 | €1,322 | +€1,095 | +483% |
| Recurring financial charges | 65 | €227 | €1,322 | +€1,095 | +483% |
| Profit (loss) for the period before taxes | 9903 | €22,045 | -€30,021 | -€52,066 | |
| Income taxes | 67/77 | €2,120 | €0 | -€2,120 | -100% |
| Profit (loss) for the period | 9904 | €19,925 | -€30,021 | -€49,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,925 | -€30,021 | -€49,946 |
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 19 October 2026 via checked.be.