M.E.S.: 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.
M.E.S.
Largest movements
- Tangible fixed assets +€193,287
up €193,287 (+83.1%), from €232,672 to €425,959
of which Land and buildings: +€204,209
- Stocks and contracts -€5,000
no longer reported in 2025 (was €5,000)
- Other debts +€244,097
up €244,097 (+70.9%), from €344,488 to €588,585
- Profit (loss) carried forward -€50,837
down €50,837 (-51.6%), from -€98,459 to -€149,296
- Gross operating margin -€14,581
down €14,581, from €300 to -€14,281
- Depreciation +€13,188
up €13,188 (+70.6%), from €18,672 to €31,860
- Other operating charges +€1,888
up €1,888 (+64.7%), from €2,919 to €4,807
- Financial income +€247
up €247 (+1709.5%), from €14 to €261
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 | €267,490 | €459,611 | +€192,121 | +71.8% |
| Fixed assets | 21/28 | €232,672 | €425,959 | +€193,287 | +83.1% |
| Tangible fixed assets | 22/27 | €232,672 | €425,959 | +€193,287 | +83.1% |
| Land and buildings | 22 | €193,340 | €397,549 | +€204,209 | +105.6% |
| Plant, machinery and equipment | 23 | €9,939 | €8,040 | -€1,899 | -19.1% |
| Furniture and vehicles | 24 | €29,394 | €20,370 | -€9,023 | -30.7% |
| Current assets | 29/58 | €34,818 | €33,651 | -€1,167 | -3.4% |
| Stocks and contracts in progress | 3 | €5,000 | - | -€5,000 | |
| Stocks | 30/36 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €28,471 | €28,518 | +€47 | +0.2% |
| Trade receivables | 40 | €9,163 | €16,607 | +€7,444 | +81.2% |
| Other amounts receivable | 41 | €19,308 | €11,911 | -€7,397 | -38.3% |
| Cash at bank and in hand | 54/58 | €702 | €4,148 | +€3,446 | +490.7% |
| Deferred charges and accrued income | 490/1 | €645 | €985 | +€340 | +52.7% |
| Total equity and liabilities | 10/49 | €267,490 | €459,611 | +€192,121 | +71.8% |
| Equity | 10/15 | -€91,584 | -€142,421 | -€50,837 | -55.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €625 | €625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €625 | €625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €625 | €625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,459 | -€149,296 | -€50,837 | -51.6% |
| Amounts payable | 17/49 | €359,074 | €602,032 | +€242,958 | +67.7% |
| Amounts payable within one year | 42/48 | €359,074 | €602,032 | +€242,958 | +67.7% |
| Trade debts | 44 | €14,570 | €13,406 | -€1,164 | -8.0% |
| Suppliers | 440/4 | €14,570 | €13,406 | -€1,164 | -8.0% |
| Taxes, remuneration and social security | 45 | €16 | €41 | +€25 | +159.1% |
| Taxes | 450/3 | €16 | €41 | +€25 | +159.1% |
| Other amounts payable | 47/48 | €344,488 | €588,585 | +€244,097 | +70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,672 | €31,860 | +€13,188 | +70.6% |
| Other operating charges | 640/8 | €2,919 | €4,807 | +€1,888 | +64.7% |
| Gross operating margin | 9900 | €300 | -€14,281 | -€14,581 | |
| Operating profit (loss) | 9901 | -€21,290 | -€50,948 | -€29,657 | -139.3% |
| Financial income | 75/76B | €14 | €261 | +€247 | +1709.5% |
| Recurring financial income | 75 | €14 | €261 | +€247 | +1709.5% |
| Financial charges | 65/66B | €165 | €151 | -€14 | -8.6% |
| Recurring financial charges | 65 | €165 | €151 | -€14 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,441 | -€50,837 | -€29,396 | -137.1% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€21,441 | -€50,837 | -€29,396 | -137.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,441 | -€50,837 | -€29,396 | -137.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.