MESO studiebureau: what changed
MESO studiebureau
Largest movements
- Receivables within one year -€82,097
down €82,097 (-47.3%), from €173,449 to €91,352
of which Trade receivables: -€85,230
- Tangible fixed assets +€34,459
up €34,459 (+648%), from €5,320 to €39,779
- Intangible fixed assets +€5,542
new in 2025: €5,542
- Cash -€2,081
down €2,081 (-14.1%), from €14,723 to €12,642
mainly Investment in fixed assets (net) (-€47,845) and Net result for the year (-€39,207)
- Deferred charges and accrued income +€2,039
up €2,039 (+67.1%), from €3,036 to €5,074
- Reserves -€39,207
down €39,207 (-50.7%), from €77,394 to €38,187
- Trade debts -€28,566
down €28,566 (-52.5%), from €54,369 to €25,804
- Debts after one year +€20,874
up €20,874 (+3,336%), from €626 to €21,500
- Tax, wage and social debts +€5,979
up €5,979 (+24.7%), from €24,244 to €30,224
of which Remuneration and social security: +€6,495
- Staff costs +€113,833
up €113,833 (+99.8%), from €114,070 to €227,903
- Gross operating margin +€40,773
up €40,773 (+25.6%), from €159,518 to €200,290
- Taxes -€11,268
down €11,268 (-95.5%), from €11,801 to €533
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 | €196,529 | €154,390 | -€42,139 | -21.4% |
| Fixed assets | 21/28 | €5,320 | €45,321 | +€40,001 | +752% |
| Intangible fixed assets | 21 | - | €5,542 | +€5,542 | |
| Tangible fixed assets | 22/27 | €5,320 | €39,779 | +€34,459 | +648% |
| Furniture and vehicles | 24 | €5,320 | €39,779 | +€34,459 | +648% |
| Current assets | 29/58 | €191,208 | €109,069 | -€82,140 | -43.0% |
| Amounts receivable within one year | 40/41 | €173,449 | €91,352 | -€82,097 | -47.3% |
| Trade receivables | 40 | €171,571 | €86,342 | -€85,230 | -49.7% |
| Other amounts receivable | 41 | €1,878 | €5,011 | +€3,133 | +167% |
| Cash at bank and in hand | 54/58 | €14,723 | €12,642 | -€2,081 | -14.1% |
| Deferred charges and accrued income | 490/1 | €3,036 | €5,074 | +€2,039 | +67.1% |
| Total equity and liabilities | 10/49 | €196,529 | €154,390 | -€42,139 | -21.4% |
| Equity | 10/15 | €107,394 | €68,187 | -€39,207 | -36.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €77,394 | €38,187 | -€39,207 | -50.7% |
| Distributable reserves | 133 | €77,394 | €38,187 | -€39,207 | -50.7% |
| Amounts payable | 17/49 | €89,135 | €86,203 | -€2,931 | -3.3% |
| Amounts payable after more than one year | 17 | €626 | €21,500 | +€20,874 | +3,336% |
| Financial debts | 170/4 | €626 | €21,500 | +€20,874 | +3,336% |
| Amounts payable within one year | 42/48 | €86,074 | €62,365 | -€23,709 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €7,460 | €6,338 | -€1,123 | -15.0% |
| Trade debts | 44 | €54,369 | €25,804 | -€28,566 | -52.5% |
| Suppliers | 440/4 | €54,369 | €25,804 | -€28,566 | -52.5% |
| Taxes, remuneration and social security | 45 | €24,244 | €30,224 | +€5,979 | +24.7% |
| Taxes | 450/3 | €17,316 | €16,801 | -€516 | -3.0% |
| Remuneration and social security | 454/9 | €6,928 | €13,423 | +€6,495 | +93.8% |
| Accrued charges and deferred income | 492/3 | €2,435 | €2,339 | -€97 | -4.0% |
| Remuneration, social security and pensions | 62 | €114,070 | €227,903 | +€113,833 | +99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,917 | €7,844 | -€73 | -0.9% |
| Other operating charges | 640/8 | €1,075 | €1,292 | +€217 | +20.2% |
| Gross operating margin | 9900 | €159,518 | €200,290 | +€40,773 | +25.6% |
| Operating profit (loss) | 9901 | €36,456 | -€36,748 | -€73,204 | |
| Financial charges | 65/66B | €459 | €1,926 | +€1,467 | +320% |
| Recurring financial charges | 65 | €459 | €1,926 | +€1,467 | +320% |
| Profit (loss) for the period before taxes | 9903 | €35,997 | -€38,674 | -€74,671 | |
| Income taxes | 67/77 | €11,801 | €533 | -€11,268 | -95.5% |
| Profit (loss) for the period | 9904 | €24,196 | -€39,207 | -€63,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,196 | -€39,207 | -€63,404 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.