MESIRO: 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.
MESIRO
Largest movements
- Stocks and contracts +€40,796
new in 2025: €40,796
- Cash -€25,629
down €25,629 (-73.2%), from €35,031 to €9,402
mainly Stocks and contracts (-€40,796) and Net result for the year (-€7,755)
- Receivables within one year -€4,826
down €4,826 (-24.4%), from €19,756 to €14,930
of which Trade receivables: -€3,159
- Other debts +€25,000
up €25,000 (+123.5%), from €20,242 to €45,242
- Profit (loss) carried forward -€7,755
down €7,755 (-134.4%), from -€5,770 to -€13,526
- Trade debts -€7,388
down €7,388 (-78.5%), from €9,417 to €2,029
- Gross operating margin -€2,005
down €2,005 (-44.7%), from -€4,484 to -€6,490
- Financial income +€345
new in 2025: €345
- Depreciation +€315
up €315 (+55.3%), from €570 to €885
- Other operating charges -€136
down €136 (-23.1%), from €589 to €453
- Financial charges +€122
up €122 (+81.2%), from €151 to €273
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 | €55,450 | €65,307 | +€9,857 | +17.8% |
| Fixed assets | 21/28 | €294 | €179 | -€115 | -39.0% |
| Tangible fixed assets | 22/27 | €294 | €179 | -€115 | -39.0% |
| Furniture and vehicles | 24 | €294 | €179 | -€115 | -39.0% |
| Current assets | 29/58 | €55,156 | €65,128 | +€9,971 | +18.1% |
| Stocks and contracts in progress | 3 | - | €40,796 | +€40,796 | |
| Stocks | 30/36 | - | €40,796 | +€40,796 | |
| Amounts receivable within one year | 40/41 | €19,756 | €14,930 | -€4,826 | -24.4% |
| Trade receivables | 40 | €17,252 | €14,093 | -€3,159 | -18.3% |
| Other amounts receivable | 41 | €2,504 | €837 | -€1,668 | -66.6% |
| Cash at bank and in hand | 54/58 | €35,031 | €9,402 | -€25,629 | -73.2% |
| Deferred charges and accrued income | 490/1 | €369 | - | -€369 | |
| Total equity and liabilities | 10/49 | €55,450 | €65,307 | +€9,857 | +17.8% |
| Equity | 10/15 | €25,791 | €18,036 | -€7,755 | -30.1% |
| Contributions | 10/11 | €18,627 | €18,627 | = | 0.0% |
| Reserves | 13 | €12,934 | €12,934 | = | 0.0% |
| Distributable reserves | 133 | €12,934 | €12,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,770 | -€13,526 | -€7,755 | -134.4% |
| Amounts payable | 17/49 | €29,659 | €47,271 | +€17,612 | +59.4% |
| Amounts payable within one year | 42/48 | €29,659 | €47,271 | +€17,612 | +59.4% |
| Trade debts | 44 | €9,417 | €2,029 | -€7,388 | -78.5% |
| Suppliers | 440/4 | €9,417 | €2,029 | -€7,388 | -78.5% |
| Other amounts payable | 47/48 | €20,242 | €45,242 | +€25,000 | +123.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €885 | +€315 | +55.3% |
| Other operating charges | 640/8 | €589 | €453 | -€136 | -23.1% |
| Gross operating margin | 9900 | -€4,484 | -€6,490 | -€2,005 | -44.7% |
| Operating profit (loss) | 9901 | -€5,643 | -€7,827 | -€2,184 | -38.7% |
| Financial income | 75/76B | - | €345 | +€345 | |
| Recurring financial income | 75 | - | €345 | +€345 | |
| Financial charges | 65/66B | €151 | €273 | +€122 | +81.2% |
| Recurring financial charges | 65 | €151 | €273 | +€122 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,793 | -€7,755 | -€1,962 | -33.9% |
| Profit (loss) for the period | 9904 | -€5,793 | -€7,755 | -€1,962 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,793 | -€7,755 | -€1,962 | -33.9% |
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 30 September 2026 via checked.be.