MESBAH TELECOM: 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.
MESBAH TELECOM
Largest movements
- Stocks and contracts +€2,045
up €2,045 (+6.5%), from €31,579 to €33,625
- Cash +€567
up €567 (+20.6%), from €2,758 to €3,326
mainly Other debts (+€6,899) and Tax, wage and social debts (+€1,035)
- Other debts +€6,899
up €6,899 (+45.1%), from €15,288 to €22,186
- Trade debts -€6,205
down €6,205 (-58.9%), from €10,541 to €4,335
- Tax, wage and social debts +€1,035
up €1,035 (+18.7%), from €5,525 to €6,560
- Profit (loss) carried forward +€1,029
up €1,029 (+19.3%), from -€5,344 to -€4,314
- Turnover -€77,245
no longer reported in 2025 (was €77,245)
- Purchases and services -€74,955
no longer reported in 2025 (was €74,955)
- Gross operating margin -€1,048
down €1,048 (-45.8%), from €2,291 to €1,242
- Depreciation -€1,000
no longer reported in 2025 (was €1,000)
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 | €44,642 | €47,400 | +€2,758 | +6.2% |
| Fixed assets | 21/28 | €10,305 | €10,305 | = | 0.0% |
| Financial fixed assets | 28 | €10,305 | €10,305 | = | 0.0% |
| Current assets | 29/58 | €34,338 | €37,095 | +€2,758 | +8.0% |
| Stocks and contracts in progress | 3 | €31,579 | €33,625 | +€2,045 | +6.5% |
| Stocks | 30/36 | €31,579 | €33,625 | +€2,045 | +6.5% |
| Amounts receivable within one year | 40/41 | - | €145 | +€145 | |
| Trade receivables | 40 | - | €145 | +€145 | |
| Cash at bank and in hand | 54/58 | €2,758 | €3,326 | +€567 | +20.6% |
| Total equity and liabilities | 10/49 | €44,642 | €47,400 | +€2,758 | +6.2% |
| Equity | 10/15 | €13,289 | €14,318 | +€1,029 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33 | €33 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33 | €33 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33 | €33 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,344 | -€4,314 | +€1,029 | +19.3% |
| Amounts payable | 17/49 | €31,353 | €33,082 | +€1,728 | +5.5% |
| Amounts payable within one year | 42/48 | €31,353 | €33,082 | +€1,728 | +5.5% |
| Trade debts | 44 | €10,541 | €4,335 | -€6,205 | -58.9% |
| Suppliers | 440/4 | €10,541 | €4,335 | -€6,205 | -58.9% |
| Taxes, remuneration and social security | 45 | €5,525 | €6,560 | +€1,035 | +18.7% |
| Taxes | 450/3 | €5,525 | €6,560 | +€1,035 | +18.7% |
| Other amounts payable | 47/48 | €15,288 | €22,186 | +€6,899 | +45.1% |
| Turnover | 70 | €77,245 | - | -€77,245 | |
| Goods, raw materials, services and sundry goods | 60/61 | €74,955 | - | -€74,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | €2,291 | €1,242 | -€1,048 | -45.8% |
| Operating profit (loss) | 9901 | €1,291 | €1,242 | -€48 | -3.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €413 | €213 | -€200 | -48.4% |
| Recurring financial charges | 65 | €413 | €213 | -€200 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €878 | €1,029 | +€152 | +17.3% |
| Profit (loss) for the period | 9904 | €878 | €1,029 | +€152 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €878 | €1,029 | +€152 | +17.3% |
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 9 October 2026 via checked.be.