MESCA: 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.
MESCA
Largest movements
- Tangible fixed assets +€108,282
up €108,282 (+123.9%), from €87,383 to €195,665
of which Land and buildings: +€112,388
- Cash -€47,818
down €47,818 (-63.7%), from €75,077 to €27,259
mainly Investment in fixed assets (net) (-€122,834) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€7,595
down €7,595 (-22.9%), from €33,226 to €25,631
of which Trade receivables: -€8,881
- Other debts +€58,960
up €58,960 (+508.7%), from €11,589 to €70,550
- Debts after one year +€57,637
new in 2025: €57,637
- Profit (loss) carried forward -€56,384
down €56,384 (-37.0%), from €152,282 to €95,898
- Tax, wage and social debts -€10,034
down €10,034 (-51.1%), from €19,651 to €9,617
- Current portion of long-term debt +€5,470
new in 2025: €5,470
- Taxes -€8,021
down €8,021 (-40.5%), from €19,795 to €11,774
- Depreciation +€2,268
up €2,268 (+18.5%), from €12,284 to €14,552
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 | €195,686 | €248,846 | +€53,160 | +27.2% |
| Fixed assets | 21/28 | €87,383 | €195,665 | +€108,282 | +123.9% |
| Tangible fixed assets | 22/27 | €87,383 | €195,665 | +€108,282 | +123.9% |
| Land and buildings | 22 | €70,681 | €183,069 | +€112,388 | +159.0% |
| Plant, machinery and equipment | 23 | €1,890 | €2,560 | +€671 | +35.5% |
| Furniture and vehicles | 24 | €8,687 | €4,972 | -€3,715 | -42.8% |
| Other tangible fixed assets | 26 | €6,125 | €5,063 | -€1,062 | -17.3% |
| Current assets | 29/58 | €108,303 | €53,181 | -€55,122 | -50.9% |
| Amounts receivable within one year | 40/41 | €33,226 | €25,631 | -€7,595 | -22.9% |
| Trade receivables | 40 | €33,226 | €24,345 | -€8,881 | -26.7% |
| Other amounts receivable | 41 | - | €1,286 | +€1,286 | |
| Cash at bank and in hand | 54/58 | €75,077 | €27,259 | -€47,818 | -63.7% |
| Deferred charges and accrued income | 490/1 | - | €292 | +€292 | |
| Total equity and liabilities | 10/49 | €195,686 | €248,846 | +€53,160 | +27.2% |
| Equity | 10/15 | €158,282 | €101,898 | -€56,384 | -35.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,282 | €95,898 | -€56,384 | -37.0% |
| Amounts payable | 17/49 | €37,404 | €146,949 | +€109,544 | +292.9% |
| Amounts payable after more than one year | 17 | - | €57,637 | +€57,637 | |
| Financial debts | 170/4 | - | €57,637 | +€57,637 | |
| Amounts payable within one year | 42/48 | €37,404 | €89,312 | +€51,908 | +138.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,470 | +€5,470 | |
| Trade debts | 44 | €6,164 | €3,675 | -€2,489 | -40.4% |
| Suppliers | 440/4 | €6,164 | €3,675 | -€2,489 | -40.4% |
| Taxes, remuneration and social security | 45 | €19,651 | €9,617 | -€10,034 | -51.1% |
| Taxes | 450/3 | €19,651 | €9,617 | -€10,034 | -51.1% |
| Other amounts payable | 47/48 | €11,589 | €70,550 | +€58,960 | +508.7% |
| Non-recurring operating income | 76A | €248 | - | -€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,284 | €14,552 | +€2,268 | +18.5% |
| Other operating charges | 640/8 | €717 | €1,225 | +€509 | +71.0% |
| Gross operating margin | 9900 | €72,182 | €72,345 | +€163 | +0.2% |
| Operating profit (loss) | 9901 | €59,181 | €56,568 | -€2,613 | -4.4% |
| Financial charges | 65/66B | €781 | €1,178 | +€397 | +50.9% |
| Recurring financial charges | 65 | €781 | €1,178 | +€397 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €58,400 | €55,390 | -€3,010 | -5.2% |
| Income taxes | 67/77 | €19,795 | €11,774 | -€8,021 | -40.5% |
| Profit (loss) for the period | 9904 | €38,605 | €43,616 | +€5,010 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,605 | €43,616 | +€5,010 | +13.0% |
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.