MESKENS-COOSEMANS: 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.
MESKENS-COOSEMANS
Largest movements
- Receivables within one year -€79,989
down €79,989 (-29.9%), from €267,963 to €187,974
of which Trade receivables: -€72,944
- Cash +€44,575
up €44,575 (+7.9%), from €563,671 to €608,247
mainly Receivables within one year (+€79,989) and Net result for the year (+€44,162)
- Profit (loss) carried forward +€44,162
up €44,162 (+5.5%), from €806,246 to €850,408
- Trade debts -€38,738
down €38,738 (-55.8%), from €69,463 to €30,725
- Reserves -€30,000
down €30,000 (-10.2%), from €294,958 to €264,958
of which Distributable reserves: -€30,000
- Gross operating margin -€48,877
down €48,877 (-15.9%), from €308,166 to €259,290
- Taxes -€13,434
down €13,434 (-36.6%), from €36,744 to €23,310
- Write-downs -€6,554
down €6,554, from €3,955 to -€2,599
- Depreciation -€5,085
down €5,085 (-13.9%), from €36,528 to €31,443
- Staff costs +€3,925
up €3,925 (+2.5%), from €158,991 to €162,916
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 | €1,328,311 | €1,298,185 | -€30,126 | -2.3% |
| Fixed assets | 21/28 | €120,245 | €121,228 | +€983 | +0.8% |
| Tangible fixed assets | 22/27 | €120,245 | €121,228 | +€983 | +0.8% |
| Land and buildings | 22 | €10,287 | €37,735 | +€27,449 | +267% |
| Plant, machinery and equipment | 23 | €875 | €1,777 | +€903 | +103% |
| Furniture and vehicles | 24 | €109,084 | €81,716 | -€27,368 | -25.1% |
| Current assets | 29/58 | €1,208,066 | €1,176,957 | -€31,109 | -2.6% |
| Stocks and contracts in progress | 3 | €376,432 | €380,736 | +€4,304 | +1.1% |
| Stocks | 30/36 | €376,432 | €380,736 | +€4,304 | +1.1% |
| Amounts receivable within one year | 40/41 | €267,963 | €187,974 | -€79,989 | -29.9% |
| Trade receivables | 40 | €259,713 | €186,769 | -€72,944 | -28.1% |
| Other amounts receivable | 41 | €8,250 | €1,206 | -€7,045 | -85.4% |
| Cash at bank and in hand | 54/58 | €563,671 | €608,247 | +€44,575 | +7.9% |
| Total equity and liabilities | 10/49 | €1,328,311 | €1,298,185 | -€30,126 | -2.3% |
| Equity | 10/15 | €1,150,782 | €1,164,944 | +€14,162 | +1.2% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €294,958 | €264,958 | -€30,000 | -10.2% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €290,000 | €260,000 | -€30,000 | -10.3% |
| Profit (loss) carried forward | 14 | €806,246 | €850,408 | +€44,162 | +5.5% |
| Amounts payable | 17/49 | €177,529 | €133,241 | -€44,288 | -24.9% |
| Amounts payable within one year | 42/48 | €176,980 | €132,692 | -€44,288 | -25.0% |
| Trade debts | 44 | €69,463 | €30,725 | -€38,738 | -55.8% |
| Suppliers | 440/4 | €69,463 | €30,725 | -€38,738 | -55.8% |
| Taxes, remuneration and social security | 45 | €79,017 | €73,916 | -€5,100 | -6.5% |
| Taxes | 450/3 | €53,780 | €48,011 | -€5,769 | -10.7% |
| Remuneration and social security | 454/9 | €25,237 | €25,905 | +€668 | +2.6% |
| Other amounts payable | 47/48 | €28,500 | €28,050 | -€450 | -1.6% |
| Accrued charges and deferred income | 492/3 | €549 | €549 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €158,991 | €162,916 | +€3,925 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,528 | €31,443 | -€5,085 | -13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,955 | -€2,599 | -€6,554 | |
| Other operating charges | 640/8 | €9,577 | €9,975 | +€399 | +4.2% |
| Gross operating margin | 9900 | €308,166 | €259,290 | -€48,877 | -15.9% |
| Operating profit (loss) | 9901 | €99,116 | €57,554 | -€41,562 | -41.9% |
| Financial income | 75/76B | €8,082 | €10,013 | +€1,931 | +23.9% |
| Recurring financial income | 75 | €8,082 | €10,013 | +€1,931 | +23.9% |
| Financial charges | 65/66B | €2,414 | €95 | -€2,319 | -96.1% |
| Recurring financial charges | 65 | €2,414 | €95 | -€2,319 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €104,784 | €67,472 | -€37,312 | -35.6% |
| Income taxes | 67/77 | €36,744 | €23,310 | -€13,434 | -36.6% |
| Profit (loss) for the period | 9904 | €68,040 | €44,162 | -€23,878 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,040 | €44,162 | -€23,878 | -35.1% |
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 21 October 2026 via checked.be.