MESATR: 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.
MESATR
Largest movements
- Receivables within one year -€405
down €405 (-3.5%), from €11,611 to €11,206
- Profit (loss) carried forward -€405
down €405 (-4.6%), from -€8,849 to -€9,254
- Financial charges -€1,006
no longer reported in 2026 (was €1,006)
- Gross operating margin +€5
up €5 (+1.6%), from -€290 to -€285
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,611 | €11,206 | -€405 | -3.5% |
| Current assets | 29/58 | €11,611 | €11,206 | -€405 | -3.5% |
| Amounts receivable within one year | 40/41 | €11,611 | €11,206 | -€405 | -3.5% |
| Other amounts receivable | 41 | €11,611 | €11,206 | -€405 | -3.5% |
| Total equity and liabilities | 10/49 | €11,611 | €11,206 | -€405 | -3.5% |
| Equity | 10/15 | €11,611 | €11,206 | -€405 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,849 | -€9,254 | -€405 | -4.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€290 | -€285 | +€5 | +1.6% |
| Operating profit (loss) | 9901 | -€408 | -€405 | +€3 | +0.7% |
| Financial charges | 65/66B | €1,006 | - | -€1,006 | |
| Recurring financial charges | 65 | €1,006 | - | -€1,006 | |
| Profit (loss) for the period before taxes | 9903 | -€1,414 | -€405 | +€1,009 | +71.4% |
| Profit (loss) for the period | 9904 | -€1,414 | -€405 | +€1,009 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,414 | -€405 | +€1,009 | +71.4% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.