Messidor: 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.
Messidor
Largest movements
- Cash +€22,203
up €22,203 (+53.4%), from €41,603 to €63,806
mainly Net result for the year (+€22,470) and Depreciation (+€12,540)
- Intangible fixed assets -€11,463
down €11,463 (-77.9%), from €14,715 to €3,251
- Receivables within one year -€741
no longer reported in 2025 (was €741)
- Profit (loss) carried forward +€22,470
up €22,470 (+49.5%), from €45,376 to €67,846
- Investment grants -€9,163
down €9,163 (-81.2%), from €11,291 to €2,128
- Tax, wage and social debts -€2,665
down €2,665 (-83.1%), from €3,206 to €541
- Purchases and services -€34,357
down €34,357 (-40.2%), from €85,538 to €51,181
- Turnover -€19,926
down €19,926 (-43.3%), from €46,013 to €26,087
- Gross operating margin +€6,749
up €6,749 (+23.8%), from €28,368 to €35,117
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 | €59,981 | €70,515 | +€10,534 | +17.6% |
| Fixed assets | 21/28 | €17,637 | €6,486 | -€11,151 | -63.2% |
| Intangible fixed assets | 21 | €14,715 | €3,251 | -€11,463 | -77.9% |
| Tangible fixed assets | 22/27 | €2,922 | €3,234 | +€312 | +10.7% |
| Furniture and vehicles | 24 | €2,922 | €3,234 | +€312 | +10.7% |
| Current assets | 29/58 | €42,344 | €64,029 | +€21,685 | +51.2% |
| Amounts receivable within one year | 40/41 | €741 | - | -€741 | |
| Trade receivables | 40 | €741 | - | -€741 | |
| Cash at bank and in hand | 54/58 | €41,603 | €63,806 | +€22,203 | +53.4% |
| Deferred charges and accrued income | 490/1 | - | €224 | +€224 | |
| Total equity and liabilities | 10/49 | €59,981 | €70,515 | +€10,534 | +17.6% |
| Equity | 10/15 | €56,667 | €69,974 | +€13,307 | +23.5% |
| Profit (loss) carried forward | 14 | €45,376 | €67,846 | +€22,470 | +49.5% |
| Investment grants | 15 | €11,291 | €2,128 | -€9,163 | -81.2% |
| Amounts payable | 17/49 | €3,314 | €541 | -€2,773 | -83.7% |
| Amounts payable within one year | 42/48 | €3,314 | €541 | -€2,773 | -83.7% |
| Trade debts | 44 | €108 | - | -€108 | |
| Suppliers | 440/4 | €108 | - | -€108 | |
| Taxes, remuneration and social security | 45 | €3,206 | €541 | -€2,665 | -83.1% |
| Taxes | 450/3 | €3,206 | €541 | -€2,665 | -83.1% |
| Turnover | 70 | €46,013 | €26,087 | -€19,926 | -43.3% |
| Membership fees, donations, legacies and grants | 73 | €63,788 | €60,195 | -€3,593 | -5.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,538 | €51,181 | -€34,357 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,594 | €12,540 | -€54 | -0.4% |
| Gross operating margin | 9900 | €28,368 | €35,117 | +€6,749 | +23.8% |
| Operating profit (loss) | 9901 | €15,774 | €22,577 | +€6,803 | +43.1% |
| Financial income | 75/76B | €5 | €5 | -€0 | -2.7% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -2.7% |
| Financial charges | 65/66B | €88 | €112 | +€24 | +27.2% |
| Recurring financial charges | 65 | €88 | €112 | +€24 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €15,692 | €22,470 | +€6,779 | +43.2% |
| Profit (loss) for the period | 9904 | €15,692 | €22,470 | +€6,779 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,692 | €22,470 | +€6,779 | +43.2% |
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 13 October 2026 via checked.be.