MESJ: 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.
MESJ
Largest movements
- Receivables after one year +€48,593
up €48,593 (+76.4%), from €63,578 to €112,171
- Cash -€32,622
down €32,622 (-86.0%), from €37,942 to €5,319
mainly Receivables after one year (-€48,593) and Receivables within one year (-€17,384)
- Receivables within one year +€17,384
up €17,384 (+46.9%), from €37,100 to €54,484
of which Trade receivables: +€19,958
- Deferred charges and accrued income -€4,184
down €4,184 (-76.9%), from €5,439 to €1,255
- Tangible fixed assets +€3,032
up €3,032 (+112.3%), from €2,699 to €5,731
of which Furniture and vehicles: +€3,728
- Reserves +€28,318
up €28,318 (+29.3%), from €96,614 to €124,932
- Trade debts +€5,146
up €5,146 (+159.2%), from €3,233 to €8,378
- Gross operating margin -€17,210
down €17,210 (-31.6%), from €54,417 to €37,207
- Taxes -€2,920
down €2,920 (-25.0%), from €11,680 to €8,760
- Financial income +€2,123
up €2,123 (+640.7%), from €331 to €2,454
- Financial charges -€787
down €787 (-67.8%), from €1,160 to €373
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,758 | €178,960 | +€32,203 | +21.9% |
| Fixed assets | 21/28 | €2,699 | €5,731 | +€3,032 | +112.3% |
| Tangible fixed assets | 22/27 | €2,699 | €5,731 | +€3,032 | +112.3% |
| Land and buildings | 22 | €1,180 | €545 | -€635 | -53.8% |
| Plant, machinery and equipment | 23 | €1,519 | €1,458 | -€62 | -4.1% |
| Furniture and vehicles | 24 | €0 | €3,728 | +€3,728 | |
| Current assets | 29/58 | €144,059 | €173,230 | +€29,171 | +20.2% |
| Amounts receivable after more than one year | 29 | €63,578 | €112,171 | +€48,593 | +76.4% |
| Trade receivables | 290 | €63,578 | €112,171 | +€48,593 | +76.4% |
| Amounts receivable within one year | 40/41 | €37,100 | €54,484 | +€17,384 | +46.9% |
| Trade receivables | 40 | €34,146 | €54,103 | +€19,958 | +58.4% |
| Other amounts receivable | 41 | €2,954 | €381 | -€2,573 | -87.1% |
| Cash at bank and in hand | 54/58 | €37,942 | €5,319 | -€32,622 | -86.0% |
| Deferred charges and accrued income | 490/1 | €5,439 | €1,255 | -€4,184 | -76.9% |
| Total equity and liabilities | 10/49 | €146,758 | €178,960 | +€32,203 | +21.9% |
| Equity | 10/15 | €97,814 | €126,132 | +€28,318 | +29.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €96,614 | €124,932 | +€28,318 | +29.3% |
| Distributable reserves | 133 | €96,614 | €124,932 | +€28,318 | +29.3% |
| Amounts payable | 17/49 | €48,943 | €52,828 | +€3,885 | +7.9% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,943 | €22,828 | +€3,885 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,233 | €8,378 | +€5,146 | +159.2% |
| Suppliers | 440/4 | €3,233 | €8,378 | +€5,146 | +159.2% |
| Taxes, remuneration and social security | 45 | €15,711 | €14,450 | -€1,261 | -8.0% |
| Taxes | 450/3 | €15,280 | €14,450 | -€830 | -5.4% |
| Remuneration and social security | 454/9 | €431 | €0 | -€431 | -100.0% |
| Non-recurring operating income | 76A | €7,761 | €0 | -€7,761 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €1,704 | -€284 | -14.3% |
| Other operating charges | 640/8 | €613 | €505 | -€108 | -17.6% |
| Gross operating margin | 9900 | €54,417 | €37,207 | -€17,210 | -31.6% |
| Operating profit (loss) | 9901 | €51,815 | €34,997 | -€16,818 | -32.5% |
| Financial income | 75/76B | €331 | €2,454 | +€2,123 | +640.7% |
| Recurring financial income | 75 | €331 | €2,454 | +€2,123 | +640.7% |
| Financial charges | 65/66B | €1,160 | €373 | -€787 | -67.8% |
| Recurring financial charges | 65 | €1,160 | €373 | -€787 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €50,986 | €37,078 | -€13,909 | -27.3% |
| Income taxes | 67/77 | €11,680 | €8,760 | -€2,920 | -25.0% |
| Profit (loss) for the period | 9904 | €39,306 | €28,318 | -€10,988 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,306 | €28,318 | -€10,988 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.