Messancy Development Company: 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.
What changed
Messancy Development Company
NACE 68.122, Development of non-residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€131,346
2024 · €118,256+€13,089
Equity
€961,625
2024 · €830,280+€131,346
Cash
€104,392
2024 · €112,166-€7,774
Balance sheet total
€8.9m
2024 · €9.2m-€326,499
Largest movements
Assets
- Tangible fixed assets -€356,844
down €356,844 (-4.3%), from €8.2m to €7.9m
Equity and liabilities
- Debts after one year -€439,067
down €439,067 (-6.1%), from €7.2m to €6.8m
- Reserves +€140,000
up €140,000 (+18.5%), from €756,200 to €896,200
of which Distributable reserves: +€140,000
Income statement
- Gross operating margin +€15,491
up €15,491 (+1.9%), from €823,218 to €838,709
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.
Result 2024
€118,256
Gross operating margin
+€15,491
Other operating charges
-€94
Financial income
+€139
Financial charges
+€1,952
Taxes
-€4,398
Result 2025
€131,346
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.
From operations
+€446,670
Investment
€0
Financing
-€454,444
Cash 2024
€112,166
From operations (derived)
+€446,670
Net result for the year
+€131,346
Depreciation
+€356,844
Receivables within one year
-€49,536
Deferred charges and accrued income
+€11,418
Trade debts
+€55,383
Tax, wage and social debts
+€10,574
Other debts
-€68,198
Accrued charges and deferred income
-€1,161
Financing
-€454,444
Debts after one year
-€439,067
Current portion of long-term debt
-€15,377
Cash 2025
€104,392
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,229,662 | €8,903,162 | -€326,499 | -3.5% |
| Fixed assets | 21/28 | €8,207,412 | €7,850,568 | -€356,844 | -4.3% |
| Tangible fixed assets | 22/27 | €8,207,412 | €7,850,568 | -€356,844 | -4.3% |
| Land and buildings | 22 | €8,207,412 | €7,850,568 | -€356,844 | -4.3% |
| Current assets | 29/58 | €1,022,250 | €1,052,595 | +€30,345 | +3.0% |
| Amounts receivable within one year | 40/41 | €839,920 | €889,456 | +€49,536 | +5.9% |
| Trade receivables | 40 | €54,286 | €80,868 | +€26,582 | +49.0% |
| Other amounts receivable | 41 | €785,634 | €808,588 | +€22,954 | +2.9% |
| Cash at bank and in hand | 54/58 | €112,166 | €104,392 | -€7,774 | -6.9% |
| Deferred charges and accrued income | 490/1 | €70,165 | €58,747 | -€11,418 | -16.3% |
| Total equity and liabilities | 10/49 | €9,229,662 | €8,903,162 | -€326,499 | -3.5% |
| Equity | 10/15 | €830,280 | €961,625 | +€131,346 | +15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €756,200 | €896,200 | +€140,000 | +18.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €750,000 | €890,000 | +€140,000 | +18.7% |
| Profit (loss) carried forward | 14 | €12,080 | €3,425 | -€8,654 | -71.6% |
| Amounts payable | 17/49 | €8,399,382 | €7,941,537 | -€457,845 | -5.5% |
| Amounts payable after more than one year | 17 | €7,222,790 | €6,783,723 | -€439,067 | -6.1% |
| Financial debts | 170/4 | €7,222,790 | €6,783,723 | -€439,067 | -6.1% |
| Amounts payable within one year | 42/48 | €1,151,074 | €1,133,456 | -€17,617 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €421,792 | €406,416 | -€15,377 | -3.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,300 | €56,683 | +€55,383 | +4260.3% |
| Suppliers | 440/4 | €1,300 | €56,683 | +€55,383 | +4260.3% |
| Taxes, remuneration and social security | 45 | €1,708 | €12,282 | +€10,574 | +619.2% |
| Taxes | 450/3 | €1,708 | €12,282 | +€10,574 | +619.2% |
| Other amounts payable | 47/48 | €726,273 | €658,075 | -€68,198 | -9.4% |
| Accrued charges and deferred income | 492/3 | €25,519 | €24,358 | -€1,161 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356,844 | €356,844 | = | 0.0% |
| Other operating charges | 640/8 | €1,897 | €1,991 | +€94 | +5.0% |
| Gross operating margin | 9900 | €823,218 | €838,709 | +€15,491 | +1.9% |
| Operating profit (loss) | 9901 | €464,477 | €479,874 | +€15,397 | +3.3% |
| Financial income | 75/76B | €7,815 | €7,954 | +€139 | +1.8% |
| Recurring financial income | 75 | €7,815 | €7,954 | +€139 | +1.8% |
| Financial charges | 65/66B | €314,348 | €312,396 | -€1,952 | -0.6% |
| Recurring financial charges | 65 | €314,348 | €312,396 | -€1,952 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €157,945 | €175,432 | +€17,487 | +11.1% |
| Income taxes | 67/77 | €39,688 | €44,086 | +€4,398 | +11.1% |
| Profit (loss) for the period | 9904 | €118,256 | €131,346 | +€13,089 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,256 | €131,346 | +€13,089 | +11.1% |
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 4 October 2026 via checked.be.