MESSIO: 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.
MESSIO
Largest movements
- Cash +€34,320
up €34,320 (+85.2%), from €40,274 to €74,594
mainly Net result for the year (+€29,806) and Receivables within one year (+€7,122)
- Receivables within one year -€7,122
down €7,122 (-33.4%), from €21,305 to €14,183
of which Other amounts receivable: -€11,804
- Reserves +€29,806
up €29,806 (+40.1%), from €74,310 to €104,115
- Tax, wage and social debts -€3,155
down €3,155 (-26.5%), from €11,900 to €8,745
of which Taxes: -€1,980
- Gross operating margin +€19,446
up €19,446 (+62.6%), from €31,062 to €50,508
- Taxes +€5,913
up €5,913 (+58.7%), from €10,066 to €15,979
- Other operating charges -€1,779
down €1,779 (-75.0%), from €2,371 to €593
- Depreciation -€1,755
down €1,755 (-32.1%), from €5,468 to €3,713
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 | €188,490 | €214,308 | +€25,818 | +13.7% |
| Fixed assets | 21/28 | €6,911 | €5,249 | -€1,662 | -24.0% |
| Tangible fixed assets | 22/27 | €6,911 | €5,249 | -€1,662 | -24.0% |
| Furniture and vehicles | 24 | €6,911 | €5,249 | -€1,662 | -24.0% |
| Current assets | 29/58 | €181,579 | €209,059 | +€27,480 | +15.1% |
| Amounts receivable within one year | 40/41 | €21,305 | €14,183 | -€7,122 | -33.4% |
| Trade receivables | 40 | €7,563 | €12,245 | +€4,683 | +61.9% |
| Other amounts receivable | 41 | €13,743 | €1,938 | -€11,804 | -85.9% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,274 | €74,594 | +€34,320 | +85.2% |
| Deferred charges and accrued income | 490/1 | - | €281 | +€281 | |
| Total equity and liabilities | 10/49 | €188,490 | €214,308 | +€25,818 | +13.7% |
| Equity | 10/15 | €175,988 | €204,961 | +€28,973 | +16.5% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €74,310 | €104,115 | +€29,806 | +40.1% |
| Distributable reserves | 133 | €74,310 | €104,115 | +€29,806 | +40.1% |
| Profit (loss) carried forward | 14 | €88,479 | €87,646 | -€833 | -0.9% |
| Amounts payable | 17/49 | €12,501 | €9,347 | -€3,154 | -25.2% |
| Amounts payable within one year | 42/48 | €12,501 | €9,347 | -€3,154 | -25.2% |
| Trade debts | 44 | - | €19 | +€19 | |
| Suppliers | 440/4 | - | €19 | +€19 | |
| Taxes, remuneration and social security | 45 | €11,900 | €8,745 | -€3,155 | -26.5% |
| Taxes | 450/3 | €10,725 | €8,745 | -€1,980 | -18.5% |
| Remuneration and social security | 454/9 | €1,175 | - | -€1,175 | |
| Other amounts payable | 47/48 | €601 | €583 | -€18 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €3,713 | -€1,755 | -32.1% |
| Other operating charges | 640/8 | €2,371 | €593 | -€1,779 | -75.0% |
| Non-recurring operating charges | 66A | - | €289 | +€289 | |
| Gross operating margin | 9900 | €31,062 | €50,508 | +€19,446 | +62.6% |
| Operating profit (loss) | 9901 | €23,223 | €45,914 | +€22,691 | +97.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €380 | €129 | -€251 | -66.0% |
| Recurring financial charges | 65 | €380 | €129 | -€251 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €22,843 | €45,785 | +€22,942 | +100% |
| Income taxes | 67/77 | €10,066 | €15,979 | +€5,913 | +58.7% |
| Profit (loss) for the period | 9904 | €12,777 | €29,806 | +€17,029 | +133% |
| Transfer from tax-exempt reserves | 789 | €3,850 | - | -€3,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,627 | €29,806 | +€13,179 | +79.3% |
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 15 October 2026 via checked.be.