MESHKAAT: 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.
MESHKAAT
Largest movements
- Tangible fixed assets -€32,572
down €32,572 (-3.6%), from €905,448 to €872,876
of which Land and buildings: -€34,775
- Cash -€27,510
down €27,510 (-51.1%), from €53,803 to €26,292
mainly Tax, wage and social debts (-€35,383) and Net result for the year (-€14,263)
- Tax, wage and social debts -€35,383
no longer reported in 2025 (was €35,383)
- Profit (loss) carried forward -€14,263
down €14,263 (-41.8%), from €34,122 to €19,859
- Gross operating margin -€108,533
down €108,533 (-63.9%), from €169,726 to €61,193
- Taxes -€25,834
down €25,834 (-96.4%), from €26,799 to €965
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 | €959,976 | €899,920 | -€60,057 | -6.3% |
| Fixed assets | 21/28 | €905,448 | €872,876 | -€32,572 | -3.6% |
| Tangible fixed assets | 22/27 | €905,448 | €872,876 | -€32,572 | -3.6% |
| Land and buildings | 22 | €896,000 | €861,225 | -€34,775 | -3.9% |
| Plant, machinery and equipment | 23 | €9,448 | €11,650 | +€2,202 | +23.3% |
| Current assets | 29/58 | €54,528 | €27,044 | -€27,484 | -50.4% |
| Cash at bank and in hand | 54/58 | €53,803 | €26,292 | -€27,510 | -51.1% |
| Deferred charges and accrued income | 490/1 | €725 | €751 | +€26 | +3.6% |
| Total equity and liabilities | 10/49 | €959,976 | €899,920 | -€60,057 | -6.3% |
| Equity | 10/15 | €85,763 | €71,500 | -€14,263 | -16.6% |
| Contributions | 10/11 | €50,100 | €50,100 | = | 0.0% |
| Reserves | 13 | €1,541 | €1,541 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,541 | €1,541 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,541 | €1,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,122 | €19,859 | -€14,263 | -41.8% |
| Amounts payable | 17/49 | €874,213 | €828,420 | -€45,794 | -5.2% |
| Amounts payable within one year | 42/48 | €870,583 | €828,420 | -€42,164 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €1,161 | - | -€1,161 | |
| Trade debts | 44 | €5,826 | €206 | -€5,620 | -96.5% |
| Suppliers | 440/4 | €5,826 | €206 | -€5,620 | -96.5% |
| Taxes, remuneration and social security | 45 | €35,383 | - | -€35,383 | |
| Taxes | 450/3 | €35,383 | - | -€35,383 | |
| Other amounts payable | 47/48 | €828,214 | €828,214 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,630 | - | -€3,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,021 | €45,389 | +€368 | +0.8% |
| Other operating charges | 640/8 | €30,094 | €28,949 | -€1,145 | -3.8% |
| Gross operating margin | 9900 | €169,726 | €61,193 | -€108,533 | -63.9% |
| Operating profit (loss) | 9901 | €94,611 | -€13,145 | -€107,756 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,520 | €153 | -€1,367 | -89.9% |
| Recurring financial charges | 65 | €1,520 | €153 | -€1,367 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €93,093 | -€13,298 | -€106,391 | |
| Income taxes | 67/77 | €26,799 | €965 | -€25,834 | -96.4% |
| Profit (loss) for the period | 9904 | €66,294 | -€14,263 | -€80,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,294 | -€14,263 | -€80,557 |
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 8 October 2026 via checked.be.