MESSAUD CHARLES: 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.
MESSAUD CHARLES
Largest movements
- Cash +€70,675
up €70,675 (+47.9%), from €147,401 to €218,076
mainly Net result for the year (+€71,311) and Receivables within one year (+€21,004)
- Deferred charges and accrued income +€25,000
up €25,000 (+37.3%), from €67,000 to €92,000
- Receivables within one year -€21,004
down €21,004 (-58.1%), from €36,138 to €15,134
- Tangible fixed assets -€9,901
down €9,901 (-29.5%), from €33,617 to €23,716
- Profit (loss) carried forward +€71,311
up €71,311 (+47.7%), from €149,610 to €220,921
- Other debts -€9,892
down €9,892 (-26.7%), from €37,090 to €27,197
- Gross operating margin +€24,818
up €24,818 (+17.1%), from €145,389 to €170,208
- Financial charges +€24,278
up €24,278 (+58.0%), from €41,826 to €66,105
- Other operating charges +€2,825
new in 2025: €2,825
- Taxes -€1,996
down €1,996 (-9.0%), from €22,062 to €20,066
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 | €284,156 | €348,926 | +€64,770 | +22.8% |
| Fixed assets | 21/28 | €33,617 | €23,716 | -€9,901 | -29.5% |
| Tangible fixed assets | 22/27 | €33,617 | €23,716 | -€9,901 | -29.5% |
| Furniture and vehicles | 24 | €33,617 | €23,716 | -€9,901 | -29.5% |
| Current assets | 29/58 | €250,539 | €325,210 | +€74,671 | +29.8% |
| Amounts receivable within one year | 40/41 | €36,138 | €15,134 | -€21,004 | -58.1% |
| Other amounts receivable | 41 | €36,138 | €15,134 | -€21,004 | -58.1% |
| Cash at bank and in hand | 54/58 | €147,401 | €218,076 | +€70,675 | +47.9% |
| Deferred charges and accrued income | 490/1 | €67,000 | €92,000 | +€25,000 | +37.3% |
| Total equity and liabilities | 10/49 | €284,156 | €348,926 | +€64,770 | +22.8% |
| Equity | 10/15 | €242,360 | €313,671 | +€71,311 | +29.4% |
| Contributions | 10/11 | €92,750 | €92,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,610 | €220,921 | +€71,311 | +47.7% |
| Amounts payable | 17/49 | €41,796 | €35,255 | -€6,540 | -15.6% |
| Amounts payable within one year | 42/48 | €41,796 | €35,255 | -€6,540 | -15.6% |
| Trade debts | 44 | €3,975 | €3,969 | -€6 | -0.2% |
| Suppliers | 440/4 | €3,975 | €3,969 | -€6 | -0.2% |
| Taxes, remuneration and social security | 45 | €731 | €4,089 | +€3,358 | +460% |
| Taxes | 450/3 | €731 | €1,397 | +€666 | +91.2% |
| Remuneration and social security | 454/9 | - | €2,692 | +€2,692 | |
| Other amounts payable | 47/48 | €37,090 | €27,197 | -€9,892 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,854 | €9,901 | +€47 | +0.5% |
| Other operating charges | 640/8 | - | €2,825 | +€2,825 | |
| Gross operating margin | 9900 | €145,389 | €170,208 | +€24,818 | +17.1% |
| Operating profit (loss) | 9901 | €135,535 | €157,482 | +€21,947 | +16.2% |
| Financial charges | 65/66B | €41,826 | €66,105 | +€24,278 | +58.0% |
| Recurring financial charges | 65 | €41,826 | €66,105 | +€24,278 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €93,709 | €91,377 | -€2,332 | -2.5% |
| Income taxes | 67/77 | €22,062 | €20,066 | -€1,996 | -9.0% |
| Profit (loss) for the period | 9904 | €71,646 | €71,311 | -€336 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,646 | €71,311 | -€336 | -0.5% |
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 17 October 2026 via checked.be.