MEES TOTAL PROJECTS: 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.
What changed
MEES TOTAL PROJECTS
NACE 55.204, Guest rooms (bed and breakfast)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,677
2024 · €8,249-€4,572
Equity
€168,840
2024 · €165,164+€3,677
Cash
-
2024 · €0
Balance sheet total
€1.5m
2024 · €1.5m-€68,217
Largest movements
Assets
- Tangible fixed assets -€87,919
down €87,919 (-5.8%), from €1.5m to €1.4m
of which Land and buildings: -€72,012
Equity and liabilities
- Debts after one year -€96,391
down €96,391 (-8.0%), from €1.2m to €1.1m
- Other debts +€24,256
up €24,256 (+360%), from €6,737 to €30,993
Income statement
- Taxes +€7,127
up €7,127, from -€6,815 to €312
- Other operating charges -€1,907
down €1,907 (-20.5%), from €9,317 to €7,410
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.
Result 2024
€8,249
Gross operating margin
-€1,109
Depreciation
+€1,115
Other operating charges
+€1,907
Financial income
-€457
Financial charges
+€1,098
Taxes
-€7,127
Result 2025
€3,677
raises the resultlowers the result
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.
From operations
+€110,348
Investment
-€9,084
Financing
-€101,264
Cash 2024
€0
From operations (derived)
+€110,348
Net result for the year
+€3,677
Depreciation
+€89,431
Receivables within one year
-€13,032
Deferred charges and accrued income
+€901
Trade debts
-€1,272
Tax, wage and social debts
+€4,419
Advances received
-€250
Other debts
+€24,256
Accrued charges and deferred income
+€2,218
Investment (derived)
-€9,084
Investment in fixed assets (net)
-€1,512
Current investments
-€7,572
Financing
-€101,264
Debts after one year
-€96,391
Current portion of long-term debt
+€2,876
Short-term financial debts
-€7,750
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,542,934 | €1,474,717 | -€68,217 | -4.4% |
| Fixed assets | 21/28 | €1,504,190 | €1,416,270 | -€87,919 | -5.8% |
| Tangible fixed assets | 22/27 | €1,504,190 | €1,416,270 | -€87,919 | -5.8% |
| Land and buildings | 22 | €1,435,064 | €1,363,052 | -€72,012 | -5.0% |
| Plant, machinery and equipment | 23 | €45,543 | €39,500 | -€6,043 | -13.3% |
| Furniture and vehicles | 24 | €23,583 | €13,718 | -€9,865 | -41.8% |
| Current assets | 29/58 | €38,744 | €58,447 | +€19,703 | +50.9% |
| Amounts receivable within one year | 40/41 | €23,504 | €36,536 | +€13,032 | +55.4% |
| Trade receivables | 40 | €23,504 | €36,036 | +€12,532 | +53.3% |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Current investments | 50/53 | €10,396 | €17,968 | +€7,572 | +72.8% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €4,844 | €3,943 | -€901 | -18.6% |
| Total equity and liabilities | 10/49 | €1,542,934 | €1,474,717 | -€68,217 | -4.4% |
| Equity | 10/15 | €165,164 | €168,840 | +€3,677 | +2.2% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €30,016 | €30,016 | = | 0.0% |
| Distributable reserves | 133 | €30,016 | €30,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,452 | -€179,776 | +€3,677 | +2.0% |
| Amounts payable | 17/49 | €1,377,770 | €1,305,877 | -€71,893 | -5.2% |
| Amounts payable after more than one year | 17 | €1,208,356 | €1,111,966 | -€96,391 | -8.0% |
| Financial debts | 170/4 | €1,208,356 | €1,111,966 | -€96,391 | -8.0% |
| Amounts payable within one year | 42/48 | €169,215 | €191,494 | +€22,279 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €106,102 | €108,978 | +€2,876 | +2.7% |
| Financial debts | 43 | €31,882 | €24,132 | -€7,750 | -24.3% |
| Credit institutions | 430/8 | €31,882 | €24,132 | -€7,750 | -24.3% |
| Trade debts | 44 | €4,684 | €3,412 | -€1,272 | -27.1% |
| Suppliers | 440/4 | €4,684 | €3,412 | -€1,272 | -27.1% |
| Advances received on contracts in progress | 46 | €2,250 | €2,000 | -€250 | -11.1% |
| Taxes, remuneration and social security | 45 | €17,560 | €21,979 | +€4,419 | +25.2% |
| Taxes | 450/3 | €13,144 | €16,827 | +€3,683 | +28.0% |
| Remuneration and social security | 454/9 | €4,416 | €5,152 | +€736 | +16.7% |
| Other amounts payable | 47/48 | €6,737 | €30,993 | +€24,256 | +360% |
| Accrued charges and deferred income | 492/3 | €199 | €2,417 | +€2,218 | +1,116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,547 | €89,431 | -€1,115 | -1.2% |
| Other operating charges | 640/8 | €9,317 | €7,410 | -€1,907 | -20.5% |
| Gross operating margin | 9900 | €137,359 | €136,251 | -€1,109 | -0.8% |
| Operating profit (loss) | 9901 | €37,496 | €39,410 | +€1,914 | +5.1% |
| Financial income | 75/76B | €479 | €22 | -€457 | -95.4% |
| Recurring financial income | 75 | €479 | €22 | -€457 | -95.4% |
| Financial charges | 65/66B | €36,541 | €35,443 | -€1,098 | -3.0% |
| Recurring financial charges | 65 | €36,541 | €35,443 | -€1,098 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,434 | €3,989 | +€2,555 | +178% |
| Income taxes | 67/77 | -€6,815 | €312 | +€7,127 | |
| Profit (loss) for the period | 9904 | €8,249 | €3,677 | -€4,572 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,249 | €3,677 | -€4,572 | -55.4% |
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 16 October 2026 via checked.be.