MESSIAEN: 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.
MESSIAEN
Largest movements
- Tangible fixed assets +€36,083
up €36,083 (+24.9%), from €145,084 to €181,167
of which Furniture and vehicles: +€49,805
- Receivables within one year +€23,521
up €23,521 (+95612.1%), from €25 to €23,545
of which Trade receivables: +€17,000
- Cash +€11,630
up €11,630 (+12.0%), from €96,706 to €108,336
mainly Debts after one year (+€42,103) and Depreciation (+€29,740)
- Debts after one year +€42,103
up €42,103 (+348.8%), from €12,071 to €54,174
- Reserves +€15,698
up €15,698 (+8.7%), from €179,834 to €195,533
- Current portion of long-term debt +€13,630
up €13,630 (+124.0%), from €10,992 to €24,622
- Tax, wage and social debts +€6,703
up €6,703 (+389.8%), from €1,720 to €8,423
of which Taxes: +€6,350
- Other debts -€4,928
down €4,928 (-29.8%), from €16,521 to €11,593
- Gross operating margin -€95,808
down €95,808 (-73.8%), from €129,855 to €34,047
- Financial income +€59,284
up €59,284 (+592835400.0%), from €0 to €59,284
of which Non-recurring financial income: +€59,284
- Taxes -€8,790
down €8,790 (-60.7%), from €14,492 to €5,703
- Depreciation -€4,720
down €4,720 (-13.7%), from €34,461 to €29,740
- Other operating charges -€4,231
down €4,231 (-14.2%), from €29,764 to €25,533
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 | €241,950 | €313,183 | +€71,234 | +29.4% |
| Fixed assets | 21/28 | €145,219 | €181,302 | +€36,083 | +24.8% |
| Tangible fixed assets | 22/27 | €145,084 | €181,167 | +€36,083 | +24.9% |
| Plant, machinery and equipment | 23 | €99,584 | €85,862 | -€13,722 | -13.8% |
| Furniture and vehicles | 24 | €45,500 | €95,305 | +€49,805 | +109.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €96,731 | €131,881 | +€35,150 | +36.3% |
| Amounts receivable within one year | 40/41 | €25 | €23,545 | +€23,521 | +95612.1% |
| Trade receivables | 40 | - | €17,000 | +€17,000 | |
| Other amounts receivable | 41 | €25 | €6,545 | +€6,521 | +26506.4% |
| Cash at bank and in hand | 54/58 | €96,706 | €108,336 | +€11,630 | +12.0% |
| Total equity and liabilities | 10/49 | €241,950 | €313,183 | +€71,234 | +29.4% |
| Equity | 10/15 | €198,434 | €214,133 | +€15,698 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,834 | €195,533 | +€15,698 | +8.7% |
| Distributable reserves | 133 | €179,834 | €195,533 | +€15,698 | +8.7% |
| Amounts payable | 17/49 | €43,515 | €99,051 | +€55,535 | +127.6% |
| Amounts payable after more than one year | 17 | €12,071 | €54,174 | +€42,103 | +348.8% |
| Financial debts | 170/4 | €12,071 | €54,174 | +€42,103 | +348.8% |
| Amounts payable within one year | 42/48 | €31,445 | €44,877 | +€13,432 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €10,992 | €24,622 | +€13,630 | +124.0% |
| Trade debts | 44 | €2,213 | €239 | -€1,974 | -89.2% |
| Suppliers | 440/4 | €2,213 | €239 | -€1,974 | -89.2% |
| Taxes, remuneration and social security | 45 | €1,720 | €8,423 | +€6,703 | +389.8% |
| Taxes | 450/3 | €1,720 | €8,070 | +€6,350 | +369.2% |
| Remuneration and social security | 454/9 | - | €353 | +€353 | |
| Other amounts payable | 47/48 | €16,521 | €11,593 | -€4,928 | -29.8% |
| Remuneration, social security and pensions | 62 | €14,652 | €14,878 | +€226 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,461 | €29,740 | -€4,720 | -13.7% |
| Other operating charges | 640/8 | €29,764 | €25,533 | -€4,231 | -14.2% |
| Gross operating margin | 9900 | €129,855 | €34,047 | -€95,808 | -73.8% |
| Operating profit (loss) | 9901 | €50,978 | -€36,105 | -€87,083 | |
| Financial income | 75/76B | €0 | €59,284 | +€59,284 | +592835400.0% |
| Recurring financial income | 75 | €0 | €59,284 | +€59,284 | +592835400.0% |
| Non-recurring financial income | 76B | - | €59,284 | +€59,284 | |
| Financial charges | 65/66B | €709 | €1,778 | +€1,068 | +150.6% |
| Recurring financial charges | 65 | €709 | €1,752 | +€1,043 | +147.1% |
| Non-recurring financial charges | 66B | - | €25 | +€25 | |
| Profit (loss) for the period before taxes | 9903 | €50,269 | €21,401 | -€28,868 | -57.4% |
| Income taxes | 67/77 | €14,492 | €5,703 | -€8,790 | -60.7% |
| Profit (loss) for the period | 9904 | €35,776 | €15,698 | -€20,078 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,776 | €15,698 | -€20,078 | -56.1% |
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 10 October 2026 via checked.be.