Mees Sort: 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.
Mees Sort
Largest movements
- Deferred charges and accrued income -€202,707
down €202,707 (-100%), from €202,707 to €0
- Receivables within one year +€122,269
up €122,269 (+86.5%), from €141,339 to €263,608
of which Other amounts receivable: +€72,418
- Stocks and contracts -€97,673
down €97,673 (-82.2%), from €118,842 to €21,169
- Tangible fixed assets -€68,994
down €68,994 (-4.0%), from €1.7m to €1.6m
of which Plant, machinery and equipment: -€81,217
- Cash -€49,871
down €49,871 (-40.0%), from €124,703 to €74,832
mainly Current portion of long-term debt (-€268,077) and Debts after one year (-€127,114)
- Current portion of long-term debt -€268,077
down €268,077 (-39.6%), from €677,486 to €409,409
- Debts after one year -€127,114
down €127,114 (-14.5%), from €877,728 to €750,614
- Trade debts +€71,223
up €71,223, from €0 to €71,223
- Reserves +€31,127
up €31,127 (+15.9%), from €195,903 to €227,030
- Other debts -€23,742
down €23,742 (-31.2%), from €76,129 to €52,387
- Gross operating margin +€66,578
up €66,578 (+8.1%), from €825,986 to €892,564
- Taxes +€27,914
up €27,914 (+274%), from €10,188 to €38,102
- Other operating charges +€18,235
up €18,235 (+94.0%), from €19,402 to €37,637
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 | €2,292,046 | €1,995,070 | -€296,977 | -13.0% |
| Fixed assets | 21/28 | €1,704,455 | €1,635,460 | -€68,994 | -4.0% |
| Tangible fixed assets | 22/27 | €1,704,455 | €1,635,460 | -€68,994 | -4.0% |
| Land and buildings | 22 | €1,025,338 | €978,973 | -€46,365 | -4.5% |
| Plant, machinery and equipment | 23 | €629,492 | €548,275 | -€81,217 | -12.9% |
| Furniture and vehicles | 24 | €49,625 | €108,212 | +€58,588 | +118% |
| Current assets | 29/58 | €587,592 | €359,609 | -€227,982 | -38.8% |
| Stocks and contracts in progress | 3 | €118,842 | €21,169 | -€97,673 | -82.2% |
| Stocks | 30/36 | €118,842 | €21,169 | -€97,673 | -82.2% |
| Amounts receivable within one year | 40/41 | €141,339 | €263,608 | +€122,269 | +86.5% |
| Trade receivables | 40 | €141,339 | €191,190 | +€49,851 | +35.3% |
| Other amounts receivable | 41 | - | €72,418 | +€72,418 | |
| Cash at bank and in hand | 54/58 | €124,703 | €74,832 | -€49,871 | -40.0% |
| Deferred charges and accrued income | 490/1 | €202,707 | €0 | -€202,707 | -100% |
| Total equity and liabilities | 10/49 | €2,292,046 | €1,995,070 | -€296,977 | -13.0% |
| Equity | 10/15 | €537,923 | €569,050 | +€31,127 | +5.8% |
| Contributions | 10/11 | €335,083 | €335,083 | = | 0.0% |
| Reserves | 13 | €195,903 | €227,030 | +€31,127 | +15.9% |
| Distributable reserves | 133 | €195,903 | €227,030 | +€31,127 | +15.9% |
| Profit (loss) carried forward | 14 | €6,936 | €6,936 | = | 0.0% |
| Amounts payable | 17/49 | €1,754,123 | €1,426,020 | -€328,104 | -18.7% |
| Amounts payable after more than one year | 17 | €877,728 | €750,614 | -€127,114 | -14.5% |
| Financial debts | 170/4 | €877,728 | €750,614 | -€127,114 | -14.5% |
| Amounts payable within one year | 42/48 | €876,396 | €657,776 | -€218,620 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €677,486 | €409,409 | -€268,077 | -39.6% |
| Trade debts | 44 | €0 | €71,223 | +€71,223 | |
| Suppliers | 440/4 | €0 | €71,223 | +€71,223 | |
| Taxes, remuneration and social security | 45 | €122,780 | €124,758 | +€1,977 | +1.6% |
| Taxes | 450/3 | €48,501 | €58,432 | +€9,931 | +20.5% |
| Remuneration and social security | 454/9 | €74,279 | €66,326 | -€7,953 | -10.7% |
| Other amounts payable | 47/48 | €76,129 | €52,387 | -€23,742 | -31.2% |
| Accrued charges and deferred income | 492/3 | €0 | €17,630 | +€17,630 | |
| Remuneration, social security and pensions | 62 | €576,671 | €570,151 | -€6,521 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,665 | €185,392 | +€3,728 | +2.1% |
| Other operating charges | 640/8 | €19,402 | €37,637 | +€18,235 | +94.0% |
| Gross operating margin | 9900 | €825,986 | €892,564 | +€66,578 | +8.1% |
| Operating profit (loss) | 9901 | €48,248 | €99,384 | +€51,136 | +106% |
| Financial income | 75/76B | €3,999 | €8,721 | +€4,722 | +118% |
| Recurring financial income | 75 | €3,999 | €8,721 | +€4,722 | +118% |
| Financial charges | 65/66B | €38,416 | €38,876 | +€460 | +1.2% |
| Recurring financial charges | 65 | €38,416 | €38,876 | +€460 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €13,831 | €69,229 | +€55,398 | +401% |
| Income taxes | 67/77 | €10,188 | €38,102 | +€27,914 | +274% |
| Profit (loss) for the period | 9904 | €3,643 | €31,127 | +€27,484 | +755% |
| Profit (loss) for the period to be appropriated | 9905 | €3,643 | €31,127 | +€27,484 | +755% |
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 17 October 2026 via checked.be.