MESSARENT: 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.
MESSARENT
Largest movements
- Cash +€95,604
up €95,604 (+691.2%), from €13,831 to €109,435
mainly Trade debts (+€82,575) and Receivables within one year (+€25,382)
- Tangible fixed assets +€36,916
up €36,916 (+337.7%), from €10,930 to €47,846
of which Furniture and vehicles: +€37,978
- Receivables within one year -€25,382
down €25,382 (-17.3%), from €146,449 to €121,066
of which Trade receivables: -€32,462
- Stocks and contracts -€15,000
no longer reported in 2025 (was €15,000)
- Trade debts +€82,575
up €82,575 (+503.7%), from €16,393 to €98,968
- Reserves +€15,000
up €15,000 (+15.8%), from €95,000 to €110,000
- Other debts -€12,558
down €12,558 (-25.2%), from €49,779 to €37,220
- Profit (loss) carried forward +€7,716
up €7,716 (+530.6%), from €1,454 to €9,170
- Gross operating margin +€12,132
up €12,132 (+37.9%), from €31,987 to €44,119
- Financial charges -€3,062
down €3,062 (-61.9%), from €4,947 to €1,885
- Taxes +€2,615
up €2,615 (+59.2%), from €4,416 to €7,032
- Other operating charges +€830
up €830 (+33.1%), from €2,509 to €3,339
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 | €193,184 | €287,272 | +€94,088 | +48.7% |
| Fixed assets | 21/28 | €10,930 | €50,696 | +€39,766 | +363.8% |
| Tangible fixed assets | 22/27 | €10,930 | €47,846 | +€36,916 | +337.7% |
| Plant, machinery and equipment | 23 | €2,070 | €1,008 | -€1,062 | -51.3% |
| Furniture and vehicles | 24 | €8,860 | €46,838 | +€37,978 | +428.6% |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €182,254 | €236,576 | +€54,322 | +29.8% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Stocks | 30/36 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €146,449 | €121,066 | -€25,382 | -17.3% |
| Trade receivables | 40 | €137,878 | €105,416 | -€32,462 | -23.5% |
| Other amounts receivable | 41 | €8,570 | €15,650 | +€7,080 | +82.6% |
| Cash at bank and in hand | 54/58 | €13,831 | €109,435 | +€95,604 | +691.2% |
| Deferred charges and accrued income | 490/1 | €6,974 | €6,075 | -€899 | -12.9% |
| Total equity and liabilities | 10/49 | €193,184 | €287,272 | +€94,088 | +48.7% |
| Equity | 10/15 | €115,004 | €137,720 | +€22,716 | +19.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €95,000 | €110,000 | +€15,000 | +15.8% |
| Distributable reserves | 133 | €95,000 | €110,000 | +€15,000 | +15.8% |
| Profit (loss) carried forward | 14 | €1,454 | €9,170 | +€7,716 | +530.6% |
| Amounts payable | 17/49 | €78,180 | €149,552 | +€71,372 | +91.3% |
| Amounts payable within one year | 42/48 | €78,180 | €149,552 | +€71,372 | +91.3% |
| Trade debts | 44 | €16,393 | €98,968 | +€82,575 | +503.7% |
| Suppliers | 440/4 | €16,393 | €98,968 | +€82,575 | +503.7% |
| Taxes, remuneration and social security | 45 | €12,008 | €13,363 | +€1,355 | +11.3% |
| Taxes | 450/3 | €12,008 | €13,363 | +€1,355 | +11.3% |
| Other amounts payable | 47/48 | €49,779 | €37,220 | -€12,558 | -25.2% |
| Non-recurring operating income | 76A | - | €365 | +€365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,912 | €9,348 | +€436 | +4.9% |
| Other operating charges | 640/8 | €2,509 | €3,339 | +€830 | +33.1% |
| Gross operating margin | 9900 | €31,987 | €44,119 | +€12,132 | +37.9% |
| Operating profit (loss) | 9901 | €20,566 | €31,432 | +€10,866 | +52.8% |
| Financial income | 75/76B | €406 | €200 | -€206 | -50.7% |
| Recurring financial income | 75 | €406 | €200 | -€206 | -50.7% |
| Financial charges | 65/66B | €4,947 | €1,885 | -€3,062 | -61.9% |
| Recurring financial charges | 65 | €4,947 | €1,885 | -€3,062 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €16,025 | €29,748 | +€13,723 | +85.6% |
| Income taxes | 67/77 | €4,416 | €7,032 | +€2,615 | +59.2% |
| Profit (loss) for the period | 9904 | €11,609 | €22,716 | +€11,108 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,609 | €22,716 | +€11,108 | +95.7% |
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 9 October 2026 via checked.be.