MESCOS: 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.
MESCOS
Largest movements
- Cash +€115,894
up €115,894 (+1,547%), from €7,490 to €123,384
mainly Net result for the year (+€101,366) and Receivables within one year (+€20,020)
- Receivables within one year -€20,020
down €20,020 (-100%), from €20,020 to €0
of which Trade receivables: -€14,416
- Tangible fixed assets -€10,258
down €10,258 (-24.0%), from €42,813 to €32,555
of which Furniture and vehicles: -€8,854
- Reserves +€101,366
up €101,366 (+80.1%), from €126,527 to €227,893
of which Distributable reserves: +€50,846
- Trade debts -€11,935
down €11,935 (-79.8%), from €14,956 to €3,021
- Accrued charges and deferred income -€7,284
down €7,284 (-100%), from €7,284 to €0
- Tax, wage and social debts +€4,111
up €4,111 (+239%), from €1,724 to €5,834
- Other operating charges +€27,851
up €27,851 (+231%), from €12,036 to €39,887
- Depreciation -€3,686
down €3,686 (-22.9%), from €16,121 to €12,434
- Gross operating margin -€2,500
down €2,500 (-1.3%), from €190,761 to €188,260
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.
Derived cash bridge
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 | €153,490 | €240,261 | +€86,771 | +56.5% |
| Fixed assets | 21/28 | €45,013 | €34,755 | -€10,258 | -22.8% |
| Tangible fixed assets | 22/27 | €42,813 | €32,555 | -€10,258 | -24.0% |
| Plant, machinery and equipment | 23 | €2,446 | €1,042 | -€1,404 | -57.4% |
| Furniture and vehicles | 24 | €40,367 | €31,513 | -€8,854 | -21.9% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €108,477 | €205,506 | +€97,029 | +89.4% |
| Amounts receivable within one year | 40/41 | €20,020 | €0 | -€20,020 | -100% |
| Trade receivables | 40 | €14,416 | €0 | -€14,416 | -100% |
| Other amounts receivable | 41 | €5,604 | €0 | -€5,604 | -100% |
| Current investments | 50/53 | €70,145 | €70,471 | +€326 | +0.5% |
| Cash at bank and in hand | 54/58 | €7,490 | €123,384 | +€115,894 | +1,547% |
| Deferred charges and accrued income | 490/1 | €10,822 | €11,652 | +€830 | +7.7% |
| Total equity and liabilities | 10/49 | €153,490 | €240,261 | +€86,771 | +56.5% |
| Equity | 10/15 | €129,527 | €230,893 | +€101,366 | +78.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €126,527 | €227,893 | +€101,366 | +80.1% |
| Tax-exempt reserves | 132 | €58,940 | €109,460 | +€50,520 | +85.7% |
| Distributable reserves | 133 | €67,587 | €118,433 | +€50,846 | +75.2% |
| Amounts payable | 17/49 | €23,964 | €9,369 | -€14,595 | -60.9% |
| Amounts payable within one year | 42/48 | €16,680 | €9,369 | -€7,311 | -43.8% |
| Trade debts | 44 | €14,956 | €3,021 | -€11,935 | -79.8% |
| Suppliers | 440/4 | €14,956 | €3,021 | -€11,935 | -79.8% |
| Taxes, remuneration and social security | 45 | €1,724 | €5,834 | +€4,111 | +239% |
| Taxes | 450/3 | €1,724 | €5,834 | +€4,111 | +239% |
| Other amounts payable | 47/48 | - | €513 | +€513 | |
| Accrued charges and deferred income | 492/3 | €7,284 | €0 | -€7,284 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,121 | €12,434 | -€3,686 | -22.9% |
| Other operating charges | 640/8 | €12,036 | €39,887 | +€27,851 | +231% |
| Gross operating margin | 9900 | €190,761 | €188,260 | -€2,500 | -1.3% |
| Operating profit (loss) | 9901 | €162,604 | €135,939 | -€26,665 | -16.4% |
| Financial income | 75/76B | €343 | €480 | +€137 | +40.0% |
| Recurring financial income | 75 | €343 | €480 | +€137 | +40.0% |
| Financial charges | 65/66B | €697 | €79 | -€618 | -88.7% |
| Recurring financial charges | 65 | €697 | €79 | -€618 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €162,250 | €136,340 | -€25,910 | -16.0% |
| Income taxes | 67/77 | €35,724 | €34,974 | -€749 | -2.1% |
| Profit (loss) for the period | 9904 | €126,527 | €101,366 | -€25,161 | -19.9% |
| Transfer to tax-exempt reserves | 689 | €58,940 | €50,520 | -€8,420 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,587 | €50,846 | -€16,741 | -24.8% |
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 25 October 2026 via checked.be.