MESHFLOW: 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.
MESHFLOW
Largest movements
- Cash +€20,249
up €20,249 (+57.7%), from €35,071 to €55,320
mainly Net result for the year (+€25,148) and Depreciation (+€9,793)
- Tangible fixed assets -€9,793
down €9,793 (-24.6%), from €39,818 to €30,024
- Receivables within one year +€7,096
up €7,096 (+89.5%), from €7,933 to €15,029
of which Other amounts receivable: +€3,665
- Reserves +€25,148
up €25,148 (+87.0%), from €28,911 to €54,059
- Debts after one year -€8,793
down €8,793 (-30.3%), from €29,044 to €20,250
- Tax, wage and social debts +€2,145
up €2,145 (+21.8%), from €9,824 to €11,968
- Other debts -€1,278
down €1,278 (-100.0%), from €1,278 to €0
- Gross operating margin -€3,756
down €3,756 (-8.1%), from €46,662 to €42,905
- Taxes -€929
down €929 (-12.9%), from €7,228 to €6,298
- Depreciation +€644
up €644 (+7.0%), from €9,149 to €9,793
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 | €82,822 | €100,373 | +€17,552 | +21.2% |
| Fixed assets | 21/28 | €39,818 | €30,024 | -€9,793 | -24.6% |
| Tangible fixed assets | 22/27 | €39,818 | €30,024 | -€9,793 | -24.6% |
| Furniture and vehicles | 24 | €39,818 | €30,024 | -€9,793 | -24.6% |
| Current assets | 29/58 | €43,004 | €70,349 | +€27,345 | +63.6% |
| Amounts receivable within one year | 40/41 | €7,933 | €15,029 | +€7,096 | +89.5% |
| Trade receivables | 40 | €7,933 | €11,364 | +€3,432 | +43.3% |
| Other amounts receivable | 41 | - | €3,665 | +€3,665 | |
| Cash at bank and in hand | 54/58 | €35,071 | €55,320 | +€20,249 | +57.7% |
| Total equity and liabilities | 10/49 | €82,822 | €100,373 | +€17,552 | +21.2% |
| Equity | 10/15 | €33,911 | €59,059 | +€25,148 | +74.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,911 | €54,059 | +€25,148 | +87.0% |
| Distributable reserves | 133 | €28,911 | €54,059 | +€25,148 | +87.0% |
| Amounts payable | 17/49 | €48,911 | €41,314 | -€7,596 | -15.5% |
| Amounts payable after more than one year | 17 | €29,044 | €20,250 | -€8,793 | -30.3% |
| Financial debts | 170/4 | €29,044 | €20,250 | -€8,793 | -30.3% |
| Amounts payable within one year | 42/48 | €19,867 | €21,064 | +€1,197 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,462 | €8,793 | +€331 | +3.9% |
| Trade debts | 44 | €303 | €303 | = | 0.0% |
| Suppliers | 440/4 | €303 | €303 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,824 | €11,968 | +€2,145 | +21.8% |
| Taxes | 450/3 | €9,824 | €11,968 | +€2,145 | +21.8% |
| Other amounts payable | 47/48 | €1,278 | €0 | -€1,278 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,149 | €9,793 | +€644 | +7.0% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €46,662 | €42,905 | -€3,756 | -8.1% |
| Operating profit (loss) | 9901 | €37,512 | €33,046 | -€4,466 | -11.9% |
| Financial charges | 65/66B | €1,374 | €1,600 | +€226 | +16.5% |
| Recurring financial charges | 65 | €1,374 | €1,600 | +€226 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €36,139 | €31,446 | -€4,692 | -13.0% |
| Income taxes | 67/77 | €7,228 | €6,298 | -€929 | -12.9% |
| Profit (loss) for the period | 9904 | €28,911 | €25,148 | -€3,763 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,911 | €25,148 | -€3,763 | -13.0% |
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 10 October 2026 via checked.be.