MESAELITI: what changed
MESAELITI
Largest movements
- Receivables within one year -€243,940
down €243,940 (-46.1%), from €529,448 to €285,508
of which Other amounts receivable: -€228,940
- Cash +€63,443
up €63,443 (+125%), from €50,673 to €114,117
mainly Receivables within one year (+€243,940) and Net result for the year (+€137,522)
- Other debts -€237,747
down €237,747 (-59.7%), from €398,279 to €160,532
- Reserves +€99,095
up €99,095 (+12.3%), from €804,901 to €903,996
- Tax, wage and social debts -€41,574
down €41,574 (-59.1%), from €70,362 to €28,788
- Financial income -€500,000
down €500,000 (-100%), from €500,000 to €0
- Gross operating margin +€65,631
up €65,631 (+49.9%), from €131,616 to €197,247
- Taxes -€24,263
down €24,263 (-29.7%), from €81,773 to €57,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,983,051 | €1,801,654 | -€181,397 | -9.1% |
| Fixed assets | 21/28 | €1,399,404 | €1,398,503 | -€901 | -0.1% |
| Intangible fixed assets | 21 | €901 | €0 | -€901 | -100% |
| Financial fixed assets | 28 | €1,398,503 | €1,398,503 | = | 0.0% |
| Current assets | 29/58 | €583,647 | €403,151 | -€180,496 | -30.9% |
| Amounts receivable within one year | 40/41 | €529,448 | €285,508 | -€243,940 | -46.1% |
| Trade receivables | 40 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 41 | €514,448 | €285,508 | -€228,940 | -44.5% |
| Cash at bank and in hand | 54/58 | €50,673 | €114,117 | +€63,443 | +125% |
| Deferred charges and accrued income | 490/1 | €3,526 | €3,526 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,983,051 | €1,801,654 | -€181,397 | -9.1% |
| Equity | 10/15 | €1,231,927 | €1,331,022 | +€99,095 | +8.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €804,901 | €903,996 | +€99,095 | +12.3% |
| Distributable reserves | 133 | €804,901 | €903,996 | +€99,095 | +12.3% |
| Profit (loss) carried forward | 14 | €27,026 | €27,026 | = | 0.0% |
| Amounts payable | 17/49 | €751,124 | €470,632 | -€280,492 | -37.3% |
| Amounts payable after more than one year | 17 | €281,200 | €281,200 | = | 0.0% |
| Financial debts | 170/4 | €281,200 | €281,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €469,924 | €189,432 | -€280,492 | -59.7% |
| Trade debts | 44 | €1,283 | €112 | -€1,171 | -91.3% |
| Suppliers | 440/4 | €1,283 | €112 | -€1,171 | -91.3% |
| Taxes, remuneration and social security | 45 | €70,362 | €28,788 | -€41,574 | -59.1% |
| Taxes | 450/3 | €70,362 | €28,788 | -€41,574 | -59.1% |
| Other amounts payable | 47/48 | €398,279 | €160,532 | -€237,747 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,567 | €901 | -€666 | -42.5% |
| Other operating charges | 640/8 | €1,235 | €1,272 | +€37 | +3.0% |
| Gross operating margin | 9900 | €131,616 | €197,247 | +€65,631 | +49.9% |
| Operating profit (loss) | 9901 | €128,814 | €195,074 | +€66,260 | +51.4% |
| Financial income | 75/76B | €500,000 | €0 | -€500,000 | -100% |
| Recurring financial income | 75 | €500,000 | €0 | -€500,000 | -100% |
| Financial charges | 65/66B | €385 | €42 | -€343 | -89.1% |
| Recurring financial charges | 65 | €385 | €42 | -€343 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €628,429 | €195,032 | -€433,397 | -69.0% |
| Income taxes | 67/77 | €81,773 | €57,510 | -€24,263 | -29.7% |
| Profit (loss) for the period | 9904 | €546,656 | €137,522 | -€409,134 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €546,656 | €137,522 | -€409,134 | -74.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.