MESSACARO: what changed
Two fiscal 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.
MESSACARO
Largest movements
- Tangible fixed assets +€80,448
up €80,448 (+670.4%), from €12,000 to €92,448
of which Furniture and vehicles: +€70,488
- Receivables within one year +€26,342
up €26,342 (+80.3%), from €32,819 to €59,161
- Deferred charges and accrued income +€2,454
up €2,454 (+19.4%), from €12,620 to €15,074
- Debts after one year +€51,375
new in 2025: €51,375
- Reserves +€46,896
up €46,896 (+113.6%), from €41,278 to €88,175
- Current portion of long-term debt +€12,491
new in 2025: €12,491
- Trade debts -€2,208
down €2,208 (-91.2%), from €2,419 to €212
- Gross operating margin +€11,824
up €11,824 (+20.1%), from €58,733 to €70,557
- Depreciation +€6,625
up €6,625 (+220.8%), from €3,000 to €9,625
- Financial income +€1,474
up €1,474 (+143.6%), from €1,026 to €2,500
- Taxes +€1,252
up €1,252 (+9.9%), from €12,582 to €13,834
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.
Cash bridge derived
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 | €58,780 | €169,377 | +€110,597 | +188.2% |
| Fixed assets | 21/28 | €12,000 | €92,448 | +€80,448 | +670.4% |
| Tangible fixed assets | 22/27 | €12,000 | €92,448 | +€80,448 | +670.4% |
| Furniture and vehicles | 24 | €12,000 | €82,488 | +€70,488 | +587.4% |
| Other tangible fixed assets | 26 | - | €9,960 | +€9,960 | |
| Current assets | 29/58 | €46,780 | €76,928 | +€30,148 | +64.4% |
| Amounts receivable within one year | 40/41 | €32,819 | €59,161 | +€26,342 | +80.3% |
| Other amounts receivable | 41 | €32,819 | €59,161 | +€26,342 | +80.3% |
| Cash at bank and in hand | 54/58 | €1,341 | €2,694 | +€1,352 | +100.8% |
| Deferred charges and accrued income | 490/1 | €12,620 | €15,074 | +€2,454 | +19.4% |
| Total equity and liabilities | 10/49 | €58,780 | €169,377 | +€110,597 | +188.2% |
| Equity | 10/15 | €43,778 | €90,675 | +€46,896 | +107.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,278 | €88,175 | +€46,896 | +113.6% |
| Distributable reserves | 133 | €41,278 | €88,175 | +€46,896 | +113.6% |
| Amounts payable | 17/49 | €15,002 | €78,702 | +€63,700 | +424.6% |
| Amounts payable after more than one year | 17 | - | €51,375 | +€51,375 | |
| Financial debts | 170/4 | - | €51,375 | +€51,375 | |
| Amounts payable within one year | 42/48 | €15,002 | €25,969 | +€10,968 | +73.1% |
| Current portion of amounts payable after more than one year | 42 | - | €12,491 | +€12,491 | |
| Trade debts | 44 | €2,419 | €212 | -€2,208 | -91.2% |
| Suppliers | 440/4 | €2,419 | €212 | -€2,208 | -91.2% |
| Taxes, remuneration and social security | 45 | €12,582 | €13,266 | +€684 | +5.4% |
| Taxes | 450/3 | €12,582 | €13,266 | +€684 | +5.4% |
| Accrued charges and deferred income | 492/3 | - | €1,358 | +€1,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €9,625 | +€6,625 | +220.8% |
| Other operating charges | 640/8 | €1,972 | €1,489 | -€483 | -24.5% |
| Gross operating margin | 9900 | €58,733 | €70,557 | +€11,824 | +20.1% |
| Operating profit (loss) | 9901 | €53,761 | €59,443 | +€5,682 | +10.6% |
| Financial income | 75/76B | €1,026 | €2,500 | +€1,474 | +143.6% |
| Recurring financial income | 75 | €1,026 | €2,500 | +€1,474 | +143.6% |
| Financial charges | 65/66B | €927 | €1,213 | +€286 | +30.9% |
| Recurring financial charges | 65 | €927 | €1,213 | +€286 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €53,861 | €60,730 | +€6,870 | +12.8% |
| Income taxes | 67/77 | €12,582 | €13,834 | +€1,252 | +9.9% |
| Profit (loss) for the period | 9904 | €41,278 | €46,896 | +€5,618 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,278 | €46,896 | +€5,618 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.