MESSALINE: 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.
MESSALINE
Largest movements
- Cash +€7,216
up €7,216 (+41.9%), from €17,237 to €24,453
mainly Net result for the year (+€4,895) and Stocks and contracts (+€2,650)
- Stocks and contracts -€2,650
down €2,650 (-24.4%), from €10,860 to €8,211
- Receivables within one year +€1,181
up €1,181 (+225.2%), from €524 to €1,705
of which Trade receivables: +€1,403
- Reserves +€4,895
up €4,895 (+123.2%), from €3,974 to €8,869
- Other debts +€702
up €702 (+15.2%), from €4,623 to €5,325
- Gross operating margin +€2,859
up €2,859 (+68.2%), from €4,189 to €7,048
- Financial charges -€94
down €94 (-14.7%), from €641 to €547
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 | €31,620 | €37,112 | +€5,492 | +17.4% |
| Fixed assets | 21/28 | €2,428 | €2,219 | -€210 | -8.6% |
| Tangible fixed assets | 22/27 | €2,428 | €2,219 | -€210 | -8.6% |
| Plant, machinery and equipment | 23 | €1,611 | €1,504 | -€108 | -6.7% |
| Other tangible fixed assets | 26 | €817 | €715 | -€102 | -12.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €29,192 | €34,893 | +€5,701 | +19.5% |
| Stocks and contracts in progress | 3 | €10,860 | €8,211 | -€2,650 | -24.4% |
| Stocks | 30/36 | €10,860 | €8,211 | -€2,650 | -24.4% |
| Amounts receivable within one year | 40/41 | €524 | €1,705 | +€1,181 | +225.2% |
| Trade receivables | 40 | €0 | €1,403 | +€1,403 | |
| Other amounts receivable | 41 | €524 | €303 | -€222 | -42.3% |
| Cash at bank and in hand | 54/58 | €17,237 | €24,453 | +€7,216 | +41.9% |
| Deferred charges and accrued income | 490/1 | €571 | €524 | -€46 | -8.1% |
| Total equity and liabilities | 10/49 | €31,620 | €37,112 | +€5,492 | +17.4% |
| Equity | 10/15 | €22,566 | €27,461 | +€4,895 | +21.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,974 | €8,869 | +€4,895 | +123.2% |
| Distributable reserves | 133 | €3,974 | €8,869 | +€4,895 | +123.2% |
| Amounts payable | 17/49 | €9,055 | €9,652 | +€597 | +6.6% |
| Amounts payable within one year | 42/48 | €9,055 | €9,652 | +€597 | +6.6% |
| Trade debts | 44 | €2,063 | €2,249 | +€185 | +9.0% |
| Suppliers | 440/4 | €2,063 | €2,249 | +€185 | +9.0% |
| Taxes, remuneration and social security | 45 | €2,368 | €2,078 | -€291 | -12.3% |
| Taxes | 450/3 | €2,368 | €2,078 | -€291 | -12.3% |
| Other amounts payable | 47/48 | €4,623 | €5,325 | +€702 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €210 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,661 | €1,712 | +€51 | +3.1% |
| Gross operating margin | 9900 | €4,189 | €7,048 | +€2,859 | +68.2% |
| Operating profit (loss) | 9901 | €2,319 | €5,126 | +€2,807 | +121.1% |
| Financial income | 75/76B | €272 | €315 | +€43 | +16.0% |
| Recurring financial income | 75 | €272 | €315 | +€43 | +16.0% |
| Financial charges | 65/66B | €641 | €547 | -€94 | -14.7% |
| Recurring financial charges | 65 | €641 | €547 | -€94 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €1,950 | €4,895 | +€2,945 | +151.0% |
| Profit (loss) for the period | 9904 | €1,950 | €4,895 | +€2,945 | +151.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,950 | €4,895 | +€2,945 | +151.0% |
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 30 September 2026 via checked.be.