MESHAIR: 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.
MESHAIR
Largest movements
- Tangible fixed assets +€32,074
up €32,074 (+3729.5%), from €860 to €32,934
of which Furniture and vehicles: +€28,220
- Cash -€16,338
down €16,338 (-18.4%), from €88,746 to €72,408
mainly Investment in fixed assets (net) (-€34,283) and Other debts (-€5,065)
- Receivables within one year +€2,898
new in 2025: €2,898
- Debts after one year +€15,383
new in 2025: €15,383
- Profit (loss) carried forward +€10,267
up €10,267 (+16.3%), from €63,076 to €73,343
- Other debts -€5,065
down €5,065 (-95.1%), from €5,325 to €260
- Current portion of long-term debt +€3,991
new in 2025: €3,991
- Tax, wage and social debts -€3,614
no longer reported in 2025 (was €3,614)
- Gross operating margin -€7,791
down €7,791 (-30.4%), from €25,643 to €17,852
- Depreciation +€2,169
up €2,169 (+5422.8%), from €40 to €2,209
- Taxes -€1,830
down €1,830 (-36.6%), from €5,000 to €3,170
- Financial charges +€306
up €306 (+41.7%), from €733 to €1,039
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 | €93,133 | €113,783 | +€20,650 | +22.2% |
| Fixed assets | 21/28 | €860 | €32,934 | +€32,074 | +3729.5% |
| Tangible fixed assets | 22/27 | €860 | €32,934 | +€32,074 | +3729.5% |
| Plant, machinery and equipment | 23 | €860 | €4,714 | +€3,854 | +448.1% |
| Furniture and vehicles | 24 | - | €28,220 | +€28,220 | |
| Current assets | 29/58 | €92,273 | €80,850 | -€11,423 | -12.4% |
| Stocks and contracts in progress | 3 | €3,011 | €4,059 | +€1,048 | +34.8% |
| Stocks | 30/36 | €3,011 | €4,059 | +€1,048 | +34.8% |
| Amounts receivable within one year | 40/41 | - | €2,898 | +€2,898 | |
| Other amounts receivable | 41 | - | €2,898 | +€2,898 | |
| Cash at bank and in hand | 54/58 | €88,746 | €72,408 | -€16,338 | -18.4% |
| Deferred charges and accrued income | 490/1 | €516 | €1,484 | +€968 | +187.7% |
| Total equity and liabilities | 10/49 | €93,133 | €113,783 | +€20,650 | +22.2% |
| Equity | 10/15 | €83,536 | €93,803 | +€10,267 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,076 | €73,343 | +€10,267 | +16.3% |
| Amounts payable | 17/49 | €9,597 | €19,981 | +€10,384 | +108.2% |
| Amounts payable after more than one year | 17 | - | €15,383 | +€15,383 | |
| Financial debts | 170/4 | - | €15,383 | +€15,383 | |
| Amounts payable within one year | 42/48 | €9,597 | €4,598 | -€4,999 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,991 | +€3,991 | |
| Trade debts | 44 | €658 | €347 | -€311 | -47.3% |
| Suppliers | 440/4 | €658 | €347 | -€311 | -47.3% |
| Taxes, remuneration and social security | 45 | €3,614 | - | -€3,614 | |
| Taxes | 450/3 | €3,614 | - | -€3,614 | |
| Other amounts payable | 47/48 | €5,325 | €260 | -€5,065 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40 | €2,209 | +€2,169 | +5422.8% |
| Other operating charges | 640/8 | €1,126 | €1,169 | +€43 | +3.8% |
| Gross operating margin | 9900 | €25,643 | €17,852 | -€7,791 | -30.4% |
| Operating profit (loss) | 9901 | €24,477 | €14,475 | -€10,002 | -40.9% |
| Financial charges | 65/66B | €733 | €1,039 | +€306 | +41.7% |
| Recurring financial charges | 65 | €733 | €1,039 | +€306 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €23,744 | €13,436 | -€10,308 | -43.4% |
| Income taxes | 67/77 | €5,000 | €3,170 | -€1,830 | -36.6% |
| Profit (loss) for the period | 9904 | €18,744 | €10,266 | -€8,478 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,744 | €10,266 | -€8,478 | -45.2% |
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 12 October 2026 via checked.be.