MESOTTEN: 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.
MESOTTEN
Largest movements
- Receivables within one year +€126,800
up €126,800 (+50.2%), from €252,565 to €379,365
of which Trade receivables: +€129,080
- Tangible fixed assets +€78,206
up €78,206 (+14.8%), from €529,141 to €607,347
of which Plant, machinery and equipment: +€65,318
- Cash -€46,681
down €46,681 (-32.3%), from €144,375 to €97,694
mainly Investment in fixed assets (net) (-€139,734) and Contributions, distributions and other (-€133,070)
- Stocks and contracts -€45,394
down €45,394 (-15.7%), from €290,019 to €244,625
- Debts after one year +€44,879
up €44,879 (+25.3%), from €177,384 to €222,263
- Trade debts +€38,799
up €38,799 (+28.2%), from €137,478 to €176,277
- Current portion of long-term debt +€22,080
up €22,080 (+32.1%), from €68,709 to €90,789
- Gross operating margin -€134,809
down €134,809 (-15.9%), from €845,894 to €711,085
- Depreciation +€12,425
up €12,425 (+25.3%), from €49,103 to €61,528
- Staff costs +€12,058
up €12,058 (+2.8%), from €430,216 to €442,274
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 | €1,224,763 | €1,337,645 | +€112,882 | +9.2% |
| Fixed assets | 21/28 | €529,676 | €607,882 | +€78,206 | +14.8% |
| Tangible fixed assets | 22/27 | €529,141 | €607,347 | +€78,206 | +14.8% |
| Land and buildings | 22 | €368,834 | €362,742 | -€6,092 | -1.7% |
| Plant, machinery and equipment | 23 | €117,038 | €182,355 | +€65,318 | +55.8% |
| Furniture and vehicles | 24 | €43,270 | €62,250 | +€18,981 | +43.9% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €695,086 | €729,763 | +€34,677 | +5.0% |
| Stocks and contracts in progress | 3 | €290,019 | €244,625 | -€45,394 | -15.7% |
| Stocks | 30/36 | €290,019 | €244,625 | -€45,394 | -15.7% |
| Amounts receivable within one year | 40/41 | €252,565 | €379,365 | +€126,800 | +50.2% |
| Trade receivables | 40 | €238,318 | €367,398 | +€129,080 | +54.2% |
| Other amounts receivable | 41 | €14,247 | €11,967 | -€2,280 | -16.0% |
| Cash at bank and in hand | 54/58 | €144,375 | €97,694 | -€46,681 | -32.3% |
| Deferred charges and accrued income | 490/1 | €8,127 | €8,079 | -€49 | -0.6% |
| Total equity and liabilities | 10/49 | €1,224,763 | €1,337,645 | +€112,882 | +9.2% |
| Equity | 10/15 | €106,108 | €106,108 | = | 0.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €87,108 | €87,108 | = | 0.0% |
| Distributable reserves | 133 | €87,108 | €87,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,118,655 | €1,231,537 | +€112,882 | +10.1% |
| Amounts payable after more than one year | 17 | €177,384 | €222,263 | +€44,879 | +25.3% |
| Financial debts | 170/4 | €177,384 | €222,263 | +€44,879 | +25.3% |
| Amounts payable within one year | 42/48 | €939,527 | €1,007,280 | +€67,753 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €68,709 | €90,789 | +€22,080 | +32.1% |
| Trade debts | 44 | €137,478 | €176,277 | +€38,799 | +28.2% |
| Suppliers | 440/4 | €137,478 | €176,277 | +€38,799 | +28.2% |
| Taxes, remuneration and social security | 45 | €28,283 | €30,493 | +€2,210 | +7.8% |
| Taxes | 450/3 | €2,289 | €2,246 | -€42 | -1.9% |
| Remuneration and social security | 454/9 | €25,994 | €28,247 | +€2,253 | +8.7% |
| Other amounts payable | 47/48 | €705,058 | €709,722 | +€4,664 | +0.7% |
| Accrued charges and deferred income | 492/3 | €1,743 | €1,994 | +€251 | +14.4% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €430,216 | €442,274 | +€12,058 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,103 | €61,528 | +€12,425 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,415 | €29,090 | +€7,675 | +35.8% |
| Other operating charges | 640/8 | €6,014 | €5,793 | -€222 | -3.7% |
| Gross operating margin | 9900 | €845,894 | €711,085 | -€134,809 | -15.9% |
| Operating profit (loss) | 9901 | €339,145 | €172,400 | -€166,745 | -49.2% |
| Financial income | 75/76B | €1,142 | €2,731 | +€1,589 | +139% |
| Recurring financial income | 75 | €1,142 | €2,731 | +€1,589 | +139% |
| Financial charges | 65/66B | €15,235 | €21,224 | +€5,989 | +39.3% |
| Recurring financial charges | 65 | €15,235 | €21,224 | +€5,989 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €325,052 | €153,907 | -€171,145 | -52.7% |
| Income taxes | 67/77 | €22,246 | €20,837 | -€1,410 | -6.3% |
| Profit (loss) for the period | 9904 | €302,806 | €133,070 | -€169,736 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €302,806 | €133,070 | -€169,736 | -56.1% |
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 14 October 2026 via checked.be.