MEISER ES: 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.
MEISER ES
Largest movements
- Stocks and contracts +€4,417
up €4,417 (+58.8%), from €7,512 to €11,928
- Cash -€2,568
down €2,568 (-19.5%), from €13,169 to €10,600
mainly Stocks and contracts (-€4,417) and Tax, wage and social debts (-€1,799)
- Receivables within one year +€1,468
up €1,468 (+326.8%), from €449 to €1,917
of which Trade receivables: +€1,629
- Deferred charges and accrued income -€1,314
down €1,314 (-62.7%), from €2,096 to €782
- Tangible fixed assets -€510
down €510 (-35.7%), from €1,429 to €919
of which Furniture and vehicles: -€380
- Profit (loss) carried forward +€5,134
up €5,134 (+40.0%), from -€12,847 to -€7,714
- Tax, wage and social debts -€1,799
down €1,799 (-29.8%), from €6,031 to €4,232
of which Remuneration and social security: -€3,138
- Trade debts -€1,254
down €1,254 (-52.1%), from €2,405 to €1,151
- Other debts -€589
down €589 (-5.8%), from €10,164 to €9,575
- Staff costs -€18,079
down €18,079 (-27.1%), from €66,823 to €48,744
- Gross operating margin -€15,880
down €15,880 (-21.4%), from €74,184 to €58,304
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 | €24,756 | €26,248 | +€1,492 | +6.0% |
| Fixed assets | 21/28 | €1,530 | €1,020 | -€510 | -33.3% |
| Tangible fixed assets | 22/27 | €1,429 | €919 | -€510 | -35.7% |
| Plant, machinery and equipment | 23 | €711 | €581 | -€130 | -18.3% |
| Furniture and vehicles | 24 | €718 | €338 | -€380 | -52.9% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €23,225 | €25,227 | +€2,002 | +8.6% |
| Stocks and contracts in progress | 3 | €7,512 | €11,928 | +€4,417 | +58.8% |
| Stocks | 30/36 | €7,512 | €11,928 | +€4,417 | +58.8% |
| Amounts receivable within one year | 40/41 | €449 | €1,917 | +€1,468 | +326.8% |
| Trade receivables | 40 | €288 | €1,917 | +€1,629 | +565.7% |
| Other amounts receivable | 41 | €161 | €0 | -€161 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,169 | €10,600 | -€2,568 | -19.5% |
| Deferred charges and accrued income | 490/1 | €2,096 | €782 | -€1,314 | -62.7% |
| Total equity and liabilities | 10/49 | €24,756 | €26,248 | +€1,492 | +6.0% |
| Equity | 10/15 | €6,156 | €11,290 | +€5,134 | +83.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403 | €403 | = | 0.0% |
| Non-distributable reserves | 130/1 | €403 | €403 | = | 0.0% |
| Reserves not available under the articles | 1311 | €403 | €403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,847 | -€7,714 | +€5,134 | +40.0% |
| Amounts payable | 17/49 | €18,600 | €14,958 | -€3,642 | -19.6% |
| Amounts payable within one year | 42/48 | €18,600 | €14,958 | -€3,642 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,405 | €1,151 | -€1,254 | -52.1% |
| Suppliers | 440/4 | €2,405 | €1,151 | -€1,254 | -52.1% |
| Taxes, remuneration and social security | 45 | €6,031 | €4,232 | -€1,799 | -29.8% |
| Taxes | 450/3 | €140 | €1,478 | +€1,339 | +959.6% |
| Remuneration and social security | 454/9 | €5,891 | €2,753 | -€3,138 | -53.3% |
| Other amounts payable | 47/48 | €10,164 | €9,575 | -€589 | -5.8% |
| Remuneration, social security and pensions | 62 | €66,823 | €48,744 | -€18,079 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €510 | -€97 | -16.0% |
| Other operating charges | 640/8 | €3,039 | €3,139 | +€101 | +3.3% |
| Gross operating margin | 9900 | €74,184 | €58,304 | -€15,880 | -21.4% |
| Operating profit (loss) | 9901 | €3,715 | €5,910 | +€2,195 | +59.1% |
| Financial income | 75/76B | €17 | €59 | +€43 | +256.7% |
| Recurring financial income | 75 | €17 | €59 | +€43 | +256.7% |
| Financial charges | 65/66B | €837 | €695 | -€142 | -17.0% |
| Recurring financial charges | 65 | €837 | €695 | -€142 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €2,895 | €5,275 | +€2,380 | +82.2% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €2,755 | €5,134 | +€2,379 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,755 | €5,134 | +€2,379 | +86.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.