MESILFIN ADVISORY: 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.
MESILFIN ADVISORY
Largest movements
- Tangible fixed assets +€37,533
up €37,533 (+25.2%), from €148,694 to €186,227
of which Furniture and vehicles: +€43,353
- Receivables within one year -€10,258
down €10,258 (-21.5%), from €47,683 to €37,425
of which Other amounts receivable: -€9,901
- Cash +€9,299
up €9,299 (+91.2%), from €10,201 to €19,500
mainly Net result for the year (+€33,021) and Depreciation (+€28,219)
- Other debts +€27,504
up €27,504 (+17.9%), from €153,415 to €180,919
- Trade debts +€20,465
up €20,465 (+2,385%), from €858 to €21,323
- Profit (loss) carried forward -€14,462
down €14,462 (-30.5%), from €47,483 to €33,021
- Tax, wage and social debts +€6,735
new in 2025: €6,735
- Depreciation +€20,275
up €20,275 (+255%), from €7,944 to €28,219
- Other operating charges +€6,380
up €6,380 (+2,733%), from €233 to €6,614
- Gross operating margin +€5,428
up €5,428 (+7.0%), from €77,478 to €82,907
- Taxes -€2,394
down €2,394 (-13.8%), from €17,376 to €14,982
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 | €207,505 | €245,497 | +€37,993 | +18.3% |
| Fixed assets | 21/28 | €148,744 | €186,727 | +€37,983 | +25.5% |
| Tangible fixed assets | 22/27 | €148,694 | €186,227 | +€37,533 | +25.2% |
| Land and buildings | 22 | €113,697 | €107,877 | -€5,820 | -5.1% |
| Furniture and vehicles | 24 | €34,998 | €78,351 | +€43,353 | +124% |
| Financial fixed assets | 28 | €50 | €500 | +€450 | +900% |
| Current assets | 29/58 | €58,760 | €58,770 | +€10 | 0.0% |
| Amounts receivable within one year | 40/41 | €47,683 | €37,425 | -€10,258 | -21.5% |
| Trade receivables | 40 | €34,116 | €33,759 | -€357 | -1.0% |
| Other amounts receivable | 41 | €13,567 | €3,666 | -€9,901 | -73.0% |
| Cash at bank and in hand | 54/58 | €10,201 | €19,500 | +€9,299 | +91.2% |
| Deferred charges and accrued income | 490/1 | €876 | €1,845 | +€969 | +111% |
| Total equity and liabilities | 10/49 | €207,505 | €245,497 | +€37,993 | +18.3% |
| Equity | 10/15 | €49,483 | €35,021 | -€14,462 | -29.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,483 | €33,021 | -€14,462 | -30.5% |
| Amounts payable | 17/49 | €158,022 | €210,476 | +€52,454 | +33.2% |
| Amounts payable after more than one year | 17 | €1,500 | - | -€1,500 | |
| Financial debts | 170/4 | €1,500 | - | -€1,500 | |
| Amounts payable within one year | 42/48 | €156,522 | €210,476 | +€53,954 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €2,249 | €1,500 | -€750 | -33.3% |
| Trade debts | 44 | €858 | €21,323 | +€20,465 | +2,385% |
| Suppliers | 440/4 | €858 | €21,323 | +€20,465 | +2,385% |
| Taxes, remuneration and social security | 45 | - | €6,735 | +€6,735 | |
| Taxes | 450/3 | - | €6,735 | +€6,735 | |
| Other amounts payable | 47/48 | €153,415 | €180,919 | +€27,504 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,944 | €28,219 | +€20,275 | +255% |
| Other operating charges | 640/8 | €233 | €6,614 | +€6,380 | +2,733% |
| Gross operating margin | 9900 | €77,478 | €82,907 | +€5,428 | +7.0% |
| Operating profit (loss) | 9901 | €69,301 | €48,074 | -€21,227 | -30.6% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €75 | €71 | -€4 | -5.7% |
| Recurring financial charges | 65 | €75 | €71 | -€4 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €69,229 | €48,003 | -€21,226 | -30.7% |
| Income taxes | 67/77 | €17,376 | €14,982 | -€2,394 | -13.8% |
| Profit (loss) for the period | 9904 | €51,853 | €33,021 | -€18,832 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,853 | €33,021 | -€18,832 | -36.3% |
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 20 October 2026 via checked.be.