MESO groep: 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.
MESO groep
Largest movements
- Receivables within one year -€231,497
down €231,497 (-62.7%), from €369,504 to €138,007
of which Trade receivables: -€280,331
- Deferred charges and accrued income -€47,067
down €47,067 (-83.8%), from €56,170 to €9,103
- Tangible fixed assets -€8,655
down €8,655 (-6.4%), from €135,172 to €126,517
of which Plant, machinery and equipment: -€7,171
- Trade debts -€252,804
down €252,804 (-98.2%), from €257,468 to €4,664
- Debts after one year -€77,373
down €77,373 (-92.1%), from €84,000 to €6,627
- Other debts +€31,319
up €31,319 (+293%), from €10,681 to €42,000
- Reserves +€16,239
up €16,239 (+9.9%), from €164,504 to €180,743
of which Distributable reserves: +€16,239
- Turnover -€869,999
no longer reported in 2025 (was €869,999)
- Purchases and services -€691,204
no longer reported in 2025 (was €691,204)
- Staff costs -€77,453
down €77,453 (-53.7%), from €144,240 to €66,787
- Financial income -€49,518
down €49,518 (-99.0%), from €50,010 to €492
- Gross operating margin -€13,601
down €13,601 (-7.4%), from €184,176 to €170,575
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 | €590,214 | €307,113 | -€283,101 | -48.0% |
| Fixed assets | 21/28 | €153,199 | €144,544 | -€8,655 | -5.6% |
| Tangible fixed assets | 22/27 | €135,172 | €126,517 | -€8,655 | -6.4% |
| Land and buildings | 22 | €32,500 | €32,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,000 | €8,829 | -€7,171 | -44.8% |
| Furniture and vehicles | 24 | €69,467 | €68,198 | -€1,269 | -1.8% |
| Other tangible fixed assets | 26 | €17,206 | €16,990 | -€216 | -1.3% |
| Financial fixed assets | 28 | €18,027 | €18,027 | = | 0.0% |
| Current assets | 29/58 | €437,015 | €162,569 | -€274,446 | -62.8% |
| Stocks and contracts in progress | 3 | €130 | €71 | -€59 | -45.4% |
| Stocks | 30/36 | €130 | €71 | -€59 | -45.4% |
| Amounts receivable within one year | 40/41 | €369,504 | €138,007 | -€231,497 | -62.7% |
| Trade receivables | 40 | €359,764 | €79,434 | -€280,331 | -77.9% |
| Other amounts receivable | 41 | €9,740 | €58,573 | +€48,833 | +501% |
| Cash at bank and in hand | 54/58 | €11,210 | €15,388 | +€4,178 | +37.3% |
| Deferred charges and accrued income | 490/1 | €56,170 | €9,103 | -€47,067 | -83.8% |
| Total equity and liabilities | 10/49 | €590,214 | €307,113 | -€283,101 | -48.0% |
| Equity | 10/15 | €190,544 | €206,783 | +€16,239 | +8.5% |
| Contributions | 10/11 | €26,040 | €26,040 | = | 0.0% |
| Reserves | 13 | €164,504 | €180,743 | +€16,239 | +9.9% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €150,504 | €166,743 | +€16,239 | +10.8% |
| Amounts payable | 17/49 | €399,669 | €100,330 | -€299,340 | -74.9% |
| Amounts payable after more than one year | 17 | €84,000 | €6,627 | -€77,373 | -92.1% |
| Financial debts | 170/4 | €84,000 | €6,627 | -€77,373 | -92.1% |
| Amounts payable within one year | 42/48 | €313,283 | €91,117 | -€222,167 | -70.9% |
| Current portion of amounts payable after more than one year | 42 | €2,988 | €2,399 | -€589 | -19.7% |
| Financial debts | 43 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Credit institutions | 430/8 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Trade debts | 44 | €257,468 | €4,664 | -€252,804 | -98.2% |
| Suppliers | 440/4 | €257,468 | €4,664 | -€252,804 | -98.2% |
| Taxes, remuneration and social security | 45 | €12,147 | €17,053 | +€4,907 | +40.4% |
| Taxes | 450/3 | €5,510 | €10,780 | +€5,270 | +95.7% |
| Remuneration and social security | 454/9 | €6,637 | €6,273 | -€364 | -5.5% |
| Other amounts payable | 47/48 | €10,681 | €42,000 | +€31,319 | +293% |
| Accrued charges and deferred income | 492/3 | €2,386 | €2,586 | +€200 | +8.4% |
| Turnover | 70 | €869,999 | - | -€869,999 | |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Goods, raw materials, services and sundry goods | 60/61 | €691,204 | - | -€691,204 | |
| Remuneration, social security and pensions | 62 | €144,240 | €66,787 | -€77,453 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,216 | €29,179 | +€6,963 | +31.3% |
| Other operating charges | 640/8 | €2,379 | €2,246 | -€132 | -5.6% |
| Non-recurring operating charges | 66A | €2,408 | - | -€2,408 | |
| Gross operating margin | 9900 | €184,176 | €170,575 | -€13,601 | -7.4% |
| Operating profit (loss) | 9901 | €12,933 | €72,363 | +€59,430 | +460% |
| Financial income | 75/76B | €50,010 | €492 | -€49,518 | -99.0% |
| Recurring financial income | 75 | €50,010 | €492 | -€49,518 | -99.0% |
| Financial charges | 65/66B | €3,131 | €3,837 | +€706 | +22.6% |
| Recurring financial charges | 65 | €3,131 | €3,837 | +€706 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €59,813 | €69,019 | +€9,206 | +15.4% |
| Income taxes | 67/77 | €5,360 | €10,780 | +€5,420 | +101% |
| Profit (loss) for the period | 9904 | €54,453 | €58,239 | +€3,786 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,453 | €58,239 | +€3,786 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.