MESCAL: 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.
MESCAL
Largest movements
- Cash +€43,846
up €43,846 (+49.4%), from €88,821 to €132,667
mainly Net result for the year (+€29,912) and Receivables within one year (+€14,502)
- Receivables within one year -€14,502
down €14,502 (-54.8%), from €26,463 to €11,961
of which Trade receivables: -€13,642
- Tangible fixed assets -€1,858
down €1,858 (-34.0%), from €5,469 to €3,611
of which Furniture and vehicles: -€1,435
- Reserves +€20,575
up €20,575 (+21.3%), from €96,718 to €117,293
- Tax, wage and social debts +€3,672
up €3,672 (+40.9%), from €8,982 to €12,654
- Other debts +€2,100
up €2,100 (+36.2%), from €5,800 to €7,900
- Purchases and services -€5,795
down €5,795 (-16.6%), from €34,815 to €29,020
- Gross operating margin +€3,696
up €3,696 (+8.4%), from €44,219 to €47,915
- Taxes +€3,366
up €3,366 (+26.5%), from €12,699 to €16,065
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 | €120,753 | €148,239 | +€27,486 | +22.8% |
| Fixed assets | 21/28 | €5,469 | €3,611 | -€1,858 | -34.0% |
| Tangible fixed assets | 22/27 | €5,469 | €3,611 | -€1,858 | -34.0% |
| Furniture and vehicles | 24 | €4,201 | €2,766 | -€1,435 | -34.2% |
| Other tangible fixed assets | 26 | €1,268 | €845 | -€423 | -33.4% |
| Current assets | 29/58 | €115,284 | €144,628 | +€29,344 | +25.5% |
| Amounts receivable within one year | 40/41 | €26,463 | €11,961 | -€14,502 | -54.8% |
| Trade receivables | 40 | €19,997 | €6,355 | -€13,642 | -68.2% |
| Other amounts receivable | 41 | €6,466 | €5,606 | -€860 | -13.3% |
| Cash at bank and in hand | 54/58 | €88,821 | €132,667 | +€43,846 | +49.4% |
| Total equity and liabilities | 10/49 | €120,753 | €148,239 | +€27,486 | +22.8% |
| Equity | 10/15 | €101,482 | €123,494 | +€22,012 | +21.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €96,718 | €117,293 | +€20,575 | +21.3% |
| Distributable reserves | 133 | €96,718 | €117,293 | +€20,575 | +21.3% |
| Profit (loss) carried forward | 14 | -€1,433 | €4 | +€1,437 | |
| Amounts payable | 17/49 | €19,271 | €24,745 | +€5,474 | +28.4% |
| Amounts payable within one year | 42/48 | €19,271 | €24,745 | +€5,474 | +28.4% |
| Trade debts | 44 | €4,489 | €4,191 | -€298 | -6.6% |
| Suppliers | 440/4 | €4,489 | €4,191 | -€298 | -6.6% |
| Taxes, remuneration and social security | 45 | €8,982 | €12,654 | +€3,672 | +40.9% |
| Taxes | 450/3 | €8,982 | €12,654 | +€3,672 | +40.9% |
| Other amounts payable | 47/48 | €5,800 | €7,900 | +€2,100 | +36.2% |
| Turnover | 70 | €76,203 | €76,635 | +€432 | +0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,815 | €29,020 | -€5,795 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,369 | €1,858 | -€511 | -21.6% |
| Other operating charges | 640/8 | €328 | €296 | -€32 | -9.8% |
| Gross operating margin | 9900 | €44,219 | €47,915 | +€3,696 | +8.4% |
| Operating profit (loss) | 9901 | €41,522 | €45,761 | +€4,239 | +10.2% |
| Financial income | 75/76B | €446 | €413 | -€33 | -7.4% |
| Recurring financial income | 75 | €446 | €413 | -€33 | -7.4% |
| Financial charges | 65/66B | €161 | €197 | +€36 | +22.4% |
| Recurring financial charges | 65 | €161 | €197 | +€36 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €41,807 | €45,977 | +€4,170 | +10.0% |
| Income taxes | 67/77 | €12,699 | €16,065 | +€3,366 | +26.5% |
| Profit (loss) for the period | 9904 | €29,108 | €29,912 | +€804 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,108 | €29,912 | +€804 | +2.8% |
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 28 September 2026 via checked.be.