MESINO: 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.
MESINO
Largest movements
- Cash +€78,004
up €78,004 (+107%), from €72,766 to €150,770
mainly Net result for the year (+€126,319) and Other debts (+€50,000)
- Receivables within one year +€23,561
up €23,561 (+102%), from €23,117 to €46,678
of which Other amounts receivable: +€39,896
- Tangible fixed assets -€21,694
down €21,694 (-2.7%), from €799,870 to €778,176
of which Land and buildings: -€19,723
- Reserves +€76,319
up €76,319 (+39.4%), from €193,486 to €269,805
- Other debts +€50,000
new in 2025: €50,000
- Debts after one year -€37,939
down €37,939 (-6.0%), from €636,264 to €598,326
of which Financial debts: -€37,939
- Gross operating margin +€156,931
up €156,931 (+197%), from €79,614 to €236,544
- Taxes +€28,425
up €28,425 (+272%), from €10,446 to €38,871
- Financial charges +€15,726
up €15,726 (+89.9%), from €17,499 to €33,225
- Other operating charges +€13,809
up €13,809 (+1,118%), from €1,235 to €15,043
- Depreciation +€12,196
up €12,196 (+111%), from €11,035 to €23,230
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 | €897,852 | €980,287 | +€82,435 | +9.2% |
| Formation expenses | 20 | €374 | €184 | -€190 | -50.8% |
| Fixed assets | 21/28 | €799,870 | €778,176 | -€21,694 | -2.7% |
| Tangible fixed assets | 22/27 | €799,870 | €778,176 | -€21,694 | -2.7% |
| Land and buildings | 22 | €785,057 | €765,333 | -€19,723 | -2.5% |
| Plant, machinery and equipment | 23 | €1,052 | €943 | -€109 | -10.3% |
| Furniture and vehicles | 24 | €13,762 | €11,900 | -€1,862 | -13.5% |
| Current assets | 29/58 | €97,608 | €201,927 | +€104,319 | +107% |
| Amounts receivable within one year | 40/41 | €23,117 | €46,678 | +€23,561 | +102% |
| Trade receivables | 40 | €16,335 | €0 | -€16,335 | -100% |
| Other amounts receivable | 41 | €6,782 | €46,678 | +€39,896 | +588% |
| Cash at bank and in hand | 54/58 | €72,766 | €150,770 | +€78,004 | +107% |
| Deferred charges and accrued income | 490/1 | €1,725 | €4,478 | +€2,753 | +160% |
| Total equity and liabilities | 10/49 | €897,852 | €980,287 | +€82,435 | +9.2% |
| Equity | 10/15 | €195,486 | €271,805 | +€76,319 | +39.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €193,486 | €269,805 | +€76,319 | +39.4% |
| Distributable reserves | 133 | €193,486 | €269,805 | +€76,319 | +39.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €702,367 | €708,482 | +€6,115 | +0.9% |
| Amounts payable after more than one year | 17 | €636,264 | €598,326 | -€37,939 | -6.0% |
| Financial debts | 170/4 | €633,114 | €595,176 | -€37,939 | -6.0% |
| Other amounts payable | 178/9 | €3,150 | €3,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,046 | €103,338 | +€42,292 | +69.3% |
| Current portion of amounts payable after more than one year | 42 | €38,130 | €41,177 | +€3,046 | +8.0% |
| Trade debts | 44 | €5,530 | €898 | -€4,631 | -83.8% |
| Suppliers | 440/4 | €5,530 | €898 | -€4,631 | -83.8% |
| Taxes, remuneration and social security | 45 | €17,386 | €11,263 | -€6,123 | -35.2% |
| Taxes | 450/3 | €17,386 | €11,263 | -€6,123 | -35.2% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €5,056 | €6,818 | +€1,762 | +34.8% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,035 | €23,230 | +€12,196 | +111% |
| Other operating charges | 640/8 | €1,235 | €15,043 | +€13,809 | +1,118% |
| Gross operating margin | 9900 | €79,614 | €236,544 | +€156,931 | +197% |
| Operating profit (loss) | 9901 | €67,344 | €198,271 | +€130,927 | +194% |
| Financial income | 75/76B | €110 | €145 | +€35 | +32.1% |
| Recurring financial income | 75 | €110 | €145 | +€35 | +32.1% |
| Financial charges | 65/66B | €17,499 | €33,225 | +€15,726 | +89.9% |
| Recurring financial charges | 65 | €17,499 | €33,225 | +€15,726 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €49,955 | €165,191 | +€115,236 | +231% |
| Income taxes | 67/77 | €10,446 | €38,871 | +€28,425 | +272% |
| Profit (loss) for the period | 9904 | €39,509 | €126,319 | +€86,810 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €39,509 | €126,319 | +€86,810 | +220% |
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 28 October 2026 via checked.be.