MES ENVIES: 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.
MES ENVIES
Largest movements
- Cash +€3.2m
up €3.2m (+88.0%), from €3.7m to €6.9m
mainly Other debts (+€4.2m) and Net result for the year (+€3.2m)
- Current investments -€631,636
down €631,636 (-11.6%), from €5.4m to €4.8m
- Other debts +€4.2m
up €4.2m (+354.7%), from €1.2m to €5.4m
- Reserves -€2.2m
down €2.2m (-20.6%), from €10.5m to €8.3m
of which Distributable reserves: -€2.2m
- Tax, wage and social debts +€483,582
up €483,582 (+180.0%), from €268,582 to €752,164
of which Taxes: +€483,282
- Gross operating margin +€600,009
up €600,009 (+15.9%), from €3.8m to €4.4m
- Taxes +€189,134
up €189,134 (+15.1%), from €1.3m to €1.4m
- Financial income +€88,709
up €88,709 (+40.0%), from €221,577 to €310,286
of which Financial income: +€88,733
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 | €11,971,618 | €14,492,950 | +€2.5m | +21.1% |
| Fixed assets | 21/28 | €109,076 | €80,658 | -€28,419 | -26.1% |
| Tangible fixed assets | 22/27 | €109,046 | €80,628 | -€28,419 | -26.1% |
| Plant, machinery and equipment | 23 | €1,251 | €915 | -€336 | -26.9% |
| Furniture and vehicles | 24 | €107,542 | €79,587 | -€27,956 | -26.0% |
| Other tangible fixed assets | 26 | €254 | €127 | -€127 | -50.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €11,862,541 | €14,412,292 | +€2.5m | +21.5% |
| Amounts receivable after more than one year | 29 | €2,610,000 | €2,610,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,610,000 | €2,610,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €117,356 | €70,908 | -€46,447 | -39.6% |
| Trade receivables | 40 | €116,379 | €70,097 | -€46,282 | -39.8% |
| Other amounts receivable | 41 | €977 | €811 | -€165 | -16.9% |
| Current investments | 50/53 | €5,443,014 | €4,811,377 | -€631,636 | -11.6% |
| Cash at bank and in hand | 54/58 | €3,666,059 | €6,893,098 | +€3.2m | +88.0% |
| Deferred charges and accrued income | 490/1 | €26,113 | €26,909 | +€796 | +3.0% |
| Total equity and liabilities | 10/49 | €11,971,618 | €14,492,950 | +€2.5m | +21.1% |
| Equity | 10/15 | €10,512,689 | €8,353,369 | -€2.2m | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,494,089 | €8,334,769 | -€2.2m | -20.6% |
| Tax-exempt reserves | 132 | €592 | €592 | = | 0.0% |
| Distributable reserves | 133 | €10,493,497 | €8,334,177 | -€2.2m | -20.6% |
| Amounts payable | 17/49 | €1,458,929 | €6,139,581 | +€4.7m | +320.8% |
| Amounts payable within one year | 42/48 | €1,458,929 | €6,139,581 | +€4.7m | +320.8% |
| Trade debts | 44 | €11,549 | €26,877 | +€15,328 | +132.7% |
| Suppliers | 440/4 | €11,549 | €26,877 | +€15,328 | +132.7% |
| Taxes, remuneration and social security | 45 | €268,582 | €752,164 | +€483,582 | +180.0% |
| Taxes | 450/3 | €268,582 | €751,864 | +€483,282 | +179.9% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €1,178,798 | €5,360,540 | +€4.2m | +354.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,754 | €28,652 | -€1,101 | -3.7% |
| Other operating charges | 640/8 | €15,756 | €8,285 | -€7,471 | -47.4% |
| Gross operating margin | 9900 | €3,771,766 | €4,371,774 | +€600,009 | +15.9% |
| Operating profit (loss) | 9901 | €3,726,256 | €4,334,837 | +€608,581 | +16.3% |
| Financial income | 75/76B | €221,577 | €310,286 | +€88,709 | +40.0% |
| Recurring financial income | 75 | €221,545 | €310,278 | +€88,733 | +40.1% |
| Non-recurring financial income | 76B | €32 | €8 | -€24 | -74.8% |
| Financial charges | 65/66B | €5,341 | €6,065 | +€724 | +13.5% |
| Recurring financial charges | 65 | €5,168 | €5,965 | +€797 | +15.4% |
| Non-recurring financial charges | 66B | €173 | €100 | -€73 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €3,942,492 | €4,639,058 | +€696,566 | +17.7% |
| Income taxes | 67/77 | €1,254,379 | €1,443,513 | +€189,134 | +15.1% |
| Profit (loss) for the period | 9904 | €2,688,112 | €3,195,545 | +€507,433 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,688,112 | €3,195,545 | +€507,433 | +18.9% |
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 12 October 2026 via checked.be.