MESO 12: what changed
MESO 12
Largest movements
- Cash -€19,910
down €19,910 (-83.0%), from €23,980 to €4,070
mainly Trade debts (-€36,815) and Other debts (-€13,769)
- Tangible fixed assets -€13,526
down €13,526 (-50.1%), from €26,994 to €13,468
of which Furniture and vehicles: -€16,285
- Receivables within one year +€2,213
up €2,213 (+20.8%), from €10,648 to €12,861
of which Trade receivables: +€2,886
- Stocks and contracts -€1,059
down €1,059 (-16.1%), from €6,589 to €5,530
- Trade debts -€36,815
no longer reported in 2025 (was €36,815)
- Profit (loss) carried forward +€24,988
up €24,988, from -€4,951 to €20,037
- Other debts -€13,769
down €13,769 (-81.6%), from €16,883 to €3,114
- Tax, wage and social debts -€6,949
down €6,949 (-34.5%), from €20,135 to €13,186
of which Remuneration and social security: -€6,318
- Gross operating margin +€10,913
up €10,913 (+12.1%), from €90,480 to €101,393
- Staff costs -€6,498
down €6,498 (-11.4%), from €56,797 to €50,300
- Depreciation -€5,153
down €5,153 (-23.6%), from €21,867 to €16,714
- Other operating charges -€3,565
down €3,565 (-50.9%), from €7,003 to €3,438
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,982 | €36,437 | -€32,546 | -47.2% |
| Fixed assets | 21/28 | €26,994 | €13,468 | -€13,526 | -50.1% |
| Tangible fixed assets | 22/27 | €26,994 | €13,468 | -€13,526 | -50.1% |
| Plant, machinery and equipment | 23 | - | €2,759 | +€2,759 | |
| Furniture and vehicles | 24 | €26,994 | €10,710 | -€16,285 | -60.3% |
| Current assets | 29/58 | €41,988 | €22,968 | -€19,020 | -45.3% |
| Stocks and contracts in progress | 3 | €6,589 | €5,530 | -€1,059 | -16.1% |
| Stocks | 30/36 | €6,589 | €5,530 | -€1,059 | -16.1% |
| Amounts receivable within one year | 40/41 | €10,648 | €12,861 | +€2,213 | +20.8% |
| Trade receivables | 40 | - | €2,886 | +€2,886 | |
| Other amounts receivable | 41 | €10,648 | €9,975 | -€673 | -6.3% |
| Cash at bank and in hand | 54/58 | €23,980 | €4,070 | -€19,910 | -83.0% |
| Deferred charges and accrued income | 490/1 | €770 | €507 | -€263 | -34.1% |
| Total equity and liabilities | 10/49 | €68,982 | €36,437 | -€32,546 | -47.2% |
| Equity | 10/15 | -€4,851 | €20,137 | +€24,988 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,951 | €20,037 | +€24,988 | |
| Amounts payable | 17/49 | €73,833 | €16,300 | -€57,533 | -77.9% |
| Amounts payable within one year | 42/48 | €73,833 | €16,300 | -€57,533 | -77.9% |
| Trade debts | 44 | €36,815 | - | -€36,815 | |
| Suppliers | 440/4 | €36,815 | - | -€36,815 | |
| Taxes, remuneration and social security | 45 | €20,135 | €13,186 | -€6,949 | -34.5% |
| Taxes | 450/3 | €680 | €49 | -€631 | -92.9% |
| Remuneration and social security | 454/9 | €19,455 | €13,137 | -€6,318 | -32.5% |
| Other amounts payable | 47/48 | €16,883 | €3,114 | -€13,769 | -81.6% |
| Remuneration, social security and pensions | 62 | €56,797 | €50,300 | -€6,498 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,867 | €16,714 | -€5,153 | -23.6% |
| Other operating charges | 640/8 | €7,003 | €3,438 | -€3,565 | -50.9% |
| Gross operating margin | 9900 | €90,480 | €101,393 | +€10,913 | +12.1% |
| Operating profit (loss) | 9901 | €4,813 | €30,941 | +€26,128 | +543% |
| Financial income | 75/76B | €18 | €13 | -€5 | -26.6% |
| Recurring financial income | 75 | €18 | €13 | -€5 | -26.6% |
| Financial charges | 65/66B | €5,690 | €5,967 | +€277 | +4.9% |
| Recurring financial charges | 65 | €5,690 | €5,967 | +€277 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€858 | €24,988 | +€25,846 | |
| Profit (loss) for the period | 9904 | -€858 | €24,988 | +€25,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€858 | €24,988 | +€25,846 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.