MESSINA DECO: 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.
MESSINA DECO
Largest movements
- Deferred charges and accrued income +€18,938
new in 2025: €18,938
- Receivables within one year +€10,534
up €10,534 (+497%), from €2,120 to €12,654
of which Trade receivables: +€12,654
- Cash -€8,070
down €8,070 (-18.1%), from €44,607 to €36,536
mainly Investment in fixed assets (net) (-€42,008) and Deferred charges and accrued income (-€18,938)
- Tangible fixed assets +€8,000
up €8,000 (+15.1%), from €52,938 to €60,939
of which Furniture and vehicles: +€10,375
- Other debts +€32,744
up €32,744 (+2,177%), from €1,504 to €34,248
- Tax, wage and social debts -€17,883
down €17,883 (-46.7%), from €38,256 to €20,373
of which Remuneration and social security: -€20,774
- Debts after one year +€14,089
new in 2025: €14,089
- Trade debts -€4,439
down €4,439 (-57.6%), from €7,707 to €3,268
- Current portion of long-term debt +€4,207
new in 2025: €4,207
- Gross operating margin -€71,649
down €71,649 (-59.4%), from €120,712 to €49,063
- Taxes -€11,893
down €11,893 (-87.9%), from €13,536 to €1,644
- Depreciation -€9,213
down €9,213 (-21.3%), from €43,221 to €34,008
- Staff costs -€2,249
down €2,249 (-17.9%), from €12,558 to €10,310
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 | €99,666 | €129,068 | +€29,402 | +29.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €52,939 | €60,939 | +€8,000 | +15.1% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -19.4% |
| Tangible fixed assets | 22/27 | €52,938 | €60,939 | +€8,000 | +15.1% |
| Furniture and vehicles | 24 | €32,372 | €42,748 | +€10,375 | +32.1% |
| Other tangible fixed assets | 26 | €20,566 | €18,191 | -€2,375 | -11.5% |
| Current assets | 29/58 | €46,727 | €68,129 | +€21,402 | +45.8% |
| Amounts receivable within one year | 40/41 | €2,120 | €12,654 | +€10,534 | +497% |
| Trade receivables | 40 | - | €12,654 | +€12,654 | |
| Other amounts receivable | 41 | €2,120 | - | -€2,120 | |
| Cash at bank and in hand | 54/58 | €44,607 | €36,536 | -€8,070 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €18,938 | +€18,938 | |
| Total equity and liabilities | 10/49 | €99,666 | €129,068 | +€29,402 | +29.5% |
| Equity | 10/15 | €52,200 | €52,883 | +€684 | +1.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,200 | €49,883 | +€684 | +1.4% |
| Amounts payable | 17/49 | €47,467 | €76,185 | +€28,718 | +60.5% |
| Amounts payable after more than one year | 17 | - | €14,089 | +€14,089 | |
| Financial debts | 170/4 | - | €14,089 | +€14,089 | |
| Amounts payable within one year | 42/48 | €47,467 | €62,096 | +€14,629 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,207 | +€4,207 | |
| Trade debts | 44 | €7,707 | €3,268 | -€4,439 | -57.6% |
| Suppliers | 440/4 | €7,707 | €3,268 | -€4,439 | -57.6% |
| Taxes, remuneration and social security | 45 | €38,256 | €20,373 | -€17,883 | -46.7% |
| Taxes | 450/3 | €13,536 | €16,428 | +€2,891 | +21.4% |
| Remuneration and social security | 454/9 | €24,719 | €3,945 | -€20,774 | -84.0% |
| Other amounts payable | 47/48 | €1,504 | €34,248 | +€32,744 | +2,177% |
| Remuneration, social security and pensions | 62 | €12,558 | €10,310 | -€2,249 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,221 | €34,008 | -€9,213 | -21.3% |
| Other operating charges | 640/8 | €2,073 | €1,857 | -€216 | -10.4% |
| Gross operating margin | 9900 | €120,712 | €49,063 | -€71,649 | -59.4% |
| Operating profit (loss) | 9901 | €62,860 | €2,888 | -€59,972 | -95.4% |
| Financial income | 75/76B | €1 | €48 | +€47 | +7,827% |
| Recurring financial income | 75 | €1 | €48 | +€47 | +7,827% |
| Financial charges | 65/66B | €124 | €608 | +€484 | +389% |
| Recurring financial charges | 65 | €124 | €608 | +€484 | +389% |
| Profit (loss) for the period before taxes | 9903 | €62,736 | €2,328 | -€60,408 | -96.3% |
| Income taxes | 67/77 | €13,536 | €1,644 | -€11,893 | -87.9% |
| Profit (loss) for the period | 9904 | €49,200 | €684 | -€48,516 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,200 | €684 | -€48,516 | -98.6% |
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 27 October 2026 via checked.be.