MESA 27: 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.
MESA 27
Largest movements
- Cash +€76,173
up €76,173 (+1272.3%), from €5,987 to €82,160
mainly Net result for the year (+€89,517) and Current investments (+€66,000)
- Current investments -€66,000
down €66,000 (-88.0%), from €75,000 to €9,000
- Profit (loss) carried forward -€23,789
down €23,789 (-100.0%), from €23,789 to €0
- Tax, wage and social debts +€17,190
up €17,190 (+74.2%), from €23,163 to €40,353
of which Taxes: +€17,190
- Other debts +€16,199
up €16,199 (+90.0%), from €18,000 to €34,199
- Short-term financial debts +€12,106
new in 2025: €12,106
- Current portion of long-term debt -€9,482
down €9,482 (-77.6%), from €12,222 to €2,740
- Gross operating margin +€58,543
up €58,543 (+90.3%), from €64,851 to €123,394
- Taxes +€14,559
up €14,559 (+83.5%), from €17,437 to €31,996
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 | €82,295 | €91,813 | +€9,519 | +11.6% |
| Fixed assets | 21/28 | €1,308 | €654 | -€654 | -50.0% |
| Tangible fixed assets | 22/27 | €1,308 | €654 | -€654 | -50.0% |
| Plant, machinery and equipment | 23 | €1,308 | €654 | -€654 | -50.0% |
| Current assets | 29/58 | €80,987 | €91,160 | +€10,173 | +12.6% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €75,000 | €9,000 | -€66,000 | -88.0% |
| Cash at bank and in hand | 54/58 | €5,987 | €82,160 | +€76,173 | +1272.3% |
| Total equity and liabilities | 10/49 | €82,295 | €91,813 | +€9,519 | +11.6% |
| Equity | 10/15 | €25,789 | €2,000 | -€23,789 | -92.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,789 | €0 | -€23,789 | -100.0% |
| Amounts payable | 17/49 | €56,506 | €89,813 | +€33,307 | +58.9% |
| Amounts payable after more than one year | 17 | €2,740 | €0 | -€2,740 | -100.0% |
| Financial debts | 170/4 | €2,740 | €0 | -€2,740 | -100.0% |
| Amounts payable within one year | 42/48 | €53,766 | €89,813 | +€36,047 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €12,222 | €2,740 | -€9,482 | -77.6% |
| Financial debts | 43 | - | €12,106 | +€12,106 | |
| Credit institutions | 430/8 | - | €12,106 | +€12,106 | |
| Trade debts | 44 | €381 | €415 | +€35 | +9.1% |
| Suppliers | 440/4 | €381 | €415 | +€35 | +9.1% |
| Taxes, remuneration and social security | 45 | €23,163 | €40,353 | +€17,190 | +74.2% |
| Taxes | 450/3 | €23,163 | €40,353 | +€17,190 | +74.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,000 | €34,199 | +€16,199 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €654 | €654 | = | 0.0% |
| Other operating charges | 640/8 | €2,442 | €1,408 | -€1,035 | -42.4% |
| Gross operating margin | 9900 | €64,851 | €123,394 | +€58,543 | +90.3% |
| Operating profit (loss) | 9901 | €61,755 | €121,332 | +€59,577 | +96.5% |
| Financial income | 75/76B | €878 | €783 | -€95 | -10.8% |
| Recurring financial income | 75 | €878 | €783 | -€95 | -10.8% |
| Financial charges | 65/66B | €773 | €602 | -€171 | -22.1% |
| Recurring financial charges | 65 | €773 | €602 | -€171 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €61,860 | €121,513 | +€59,653 | +96.4% |
| Income taxes | 67/77 | €17,437 | €31,996 | +€14,559 | +83.5% |
| Profit (loss) for the period | 9904 | €44,423 | €89,517 | +€45,094 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,423 | €89,517 | +€45,094 | +101.5% |
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 3 October 2026 via checked.be.