MES MARKET: 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 MARKET
Largest movements
- Cash -€38,032
down €38,032 (-38.1%), from €99,948 to €61,915
mainly Net result for the year (-€17,166) and Tax, wage and social debts (-€14,197)
- Stocks and contracts +€11,850
new in 2025: €11,850
- Tangible fixed assets +€10,121
up €10,121 (+495%), from €2,045 to €12,166
of which Other tangible fixed assets: +€11,283
- Receivables within one year +€3,463
new in 2025: €3,463
- Profit (loss) carried forward -€17,166
down €17,166 (-30.0%), from €57,266 to €40,100
- Trade debts +€15,613
new in 2025: €15,613
- Tax, wage and social debts -€14,197
down €14,197 (-61.2%), from €23,184 to €8,987
of which Taxes: -€14,161
- Other debts +€3,152
up €3,152 (+20.5%), from €15,343 to €18,494
- Turnover -€66,245
down €66,245 (-10.5%), from €630,763 to €564,518
- Gross operating margin -€36,852
down €36,852 (-51.1%), from €72,125 to €35,273
- Purchases and services -€25,841
down €25,841 (-4.6%), from €558,638 to €532,797
- Other operating charges +€8,268
up €8,268 (+1,529%), from €541 to €8,809
- Taxes -€6,535
down €6,535 (-77.8%), from €8,400 to €1,865
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 | €101,992 | €89,394 | -€12,598 | -12.4% |
| Fixed assets | 21/28 | €2,045 | €12,166 | +€10,121 | +495% |
| Tangible fixed assets | 22/27 | €2,045 | €12,166 | +€10,121 | +495% |
| Furniture and vehicles | 24 | €2,045 | €882 | -€1,162 | -56.8% |
| Other tangible fixed assets | 26 | - | €11,283 | +€11,283 | |
| Current assets | 29/58 | €99,948 | €77,229 | -€22,719 | -22.7% |
| Stocks and contracts in progress | 3 | - | €11,850 | +€11,850 | |
| Stocks | 30/36 | - | €11,850 | +€11,850 | |
| Amounts receivable within one year | 40/41 | - | €3,463 | +€3,463 | |
| Other amounts receivable | 41 | - | €3,463 | +€3,463 | |
| Cash at bank and in hand | 54/58 | €99,948 | €61,915 | -€38,032 | -38.1% |
| Total equity and liabilities | 10/49 | €101,992 | €89,394 | -€12,598 | -12.4% |
| Equity | 10/15 | €63,466 | €46,300 | -€17,166 | -27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,266 | €40,100 | -€17,166 | -30.0% |
| Amounts payable | 17/49 | €38,526 | €43,094 | +€4,568 | +11.9% |
| Amounts payable within one year | 42/48 | €38,526 | €43,094 | +€4,568 | +11.9% |
| Trade debts | 44 | - | €15,613 | +€15,613 | |
| Suppliers | 440/4 | - | €15,613 | +€15,613 | |
| Taxes, remuneration and social security | 45 | €23,184 | €8,987 | -€14,197 | -61.2% |
| Taxes | 450/3 | €14,348 | €187 | -€14,161 | -98.7% |
| Remuneration and social security | 454/9 | €8,836 | €8,800 | -€36 | -0.4% |
| Other amounts payable | 47/48 | €15,343 | €18,494 | +€3,152 | +20.5% |
| Turnover | 70 | €630,763 | €564,518 | -€66,245 | -10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €558,638 | €532,797 | -€25,841 | -4.6% |
| Remuneration, social security and pensions | 62 | €32,593 | €34,216 | +€1,623 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €775 | €2,852 | +€2,077 | +268% |
| Other operating charges | 640/8 | €541 | €8,809 | +€8,268 | +1,529% |
| Gross operating margin | 9900 | €72,125 | €35,273 | -€36,852 | -51.1% |
| Operating profit (loss) | 9901 | €38,216 | -€10,604 | -€48,820 | |
| Financial charges | 65/66B | €4,849 | €4,697 | -€152 | -3.1% |
| Recurring financial charges | 65 | €4,849 | €4,697 | -€152 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €33,367 | -€15,301 | -€48,668 | |
| Income taxes | 67/77 | €8,400 | €1,865 | -€6,535 | -77.8% |
| Profit (loss) for the period | 9904 | €24,967 | -€17,166 | -€42,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,967 | -€17,166 | -€42,133 |
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 30 October 2026 via checked.be.