MESSIRE EXPERTISE: 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.
MESSIRE EXPERTISE
Largest movements
- Tangible fixed assets +€25,922
up €25,922 (+271%), from €9,567 to €35,490
of which Furniture and vehicles: +€25,757
- Cash -€10,457
down €10,457 (-28.7%), from €36,394 to €25,936
mainly Investment in fixed assets (net) (-€30,141) and Receivables within one year (-€4,782)
- Receivables within one year +€4,782
up €4,782 (+3,379%), from €142 to €4,923
of which Trade receivables: +€4,782
- Deferred charges and accrued income -€1,800
no longer reported in 2025 (was €1,800)
- Current portion of long-term debt +€16,000
new in 2025: €16,000
- Reserves +€4,603
up €4,603 (+27.1%), from €17,000 to €21,603
- Other debts -€3,657
down €3,657 (-55.2%), from €6,629 to €2,972
- Debts after one year +€1,333
new in 2025: €1,333
- Gross operating margin +€3,684
up €3,684 (+23.7%), from €15,531 to €19,215
- Depreciation -€1,945
down €1,945 (-31.6%), from €6,164 to €4,219
- Other operating charges -€450
down €450 (-7.6%), from €5,920 to €5,471
- Taxes +€204
up €204 (+4.9%), from €4,137 to €4,341
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 | €47,903 | €66,349 | +€18,446 | +38.5% |
| Fixed assets | 21/28 | €9,567 | €35,490 | +€25,922 | +271% |
| Tangible fixed assets | 22/27 | €9,567 | €35,490 | +€25,922 | +271% |
| Plant, machinery and equipment | 23 | €167 | €332 | +€165 | +98.8% |
| Furniture and vehicles | 24 | €9,401 | €35,158 | +€25,757 | +274% |
| Current assets | 29/58 | €38,335 | €30,860 | -€7,476 | -19.5% |
| Amounts receivable within one year | 40/41 | €142 | €4,923 | +€4,782 | +3,379% |
| Trade receivables | 40 | - | €4,782 | +€4,782 | |
| Other amounts receivable | 41 | €142 | €142 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,394 | €25,936 | -€10,457 | -28.7% |
| Deferred charges and accrued income | 490/1 | €1,800 | - | -€1,800 | |
| Total equity and liabilities | 10/49 | €47,903 | €66,349 | +€18,446 | +38.5% |
| Equity | 10/15 | €38,037 | €42,640 | +€4,603 | +12.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €21,603 | +€4,603 | +27.1% |
| Distributable reserves | 133 | €17,000 | €21,603 | +€4,603 | +27.1% |
| Profit (loss) carried forward | 14 | €11,037 | €11,037 | = | 0.0% |
| Amounts payable | 17/49 | €9,866 | €23,709 | +€13,843 | +140% |
| Amounts payable after more than one year | 17 | - | €1,333 | +€1,333 | |
| Financial debts | 170/4 | - | €1,333 | +€1,333 | |
| Amounts payable within one year | 42/48 | €9,858 | €22,376 | +€12,518 | +127% |
| Current portion of amounts payable after more than one year | 42 | - | €16,000 | +€16,000 | |
| Trade debts | 44 | €154 | €196 | +€42 | +27.4% |
| Suppliers | 440/4 | €154 | €196 | +€42 | +27.4% |
| Taxes, remuneration and social security | 45 | €3,076 | €3,208 | +€133 | +4.3% |
| Taxes | 450/3 | €3,076 | €3,208 | +€133 | +4.3% |
| Other amounts payable | 47/48 | €6,629 | €2,972 | -€3,657 | -55.2% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Non-recurring operating income | 76A | - | €5,295 | +€5,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,164 | €4,219 | -€1,945 | -31.6% |
| Other operating charges | 640/8 | €5,920 | €5,471 | -€450 | -7.6% |
| Gross operating margin | 9900 | €15,531 | €19,215 | +€3,684 | +23.7% |
| Operating profit (loss) | 9901 | €3,446 | €9,525 | +€6,079 | +176% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €643 | €581 | -€62 | -9.6% |
| Recurring financial charges | 65 | €643 | €581 | -€62 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €2,804 | €8,944 | +€6,140 | +219% |
| Income taxes | 67/77 | €4,137 | €4,341 | +€204 | +4.9% |
| Profit (loss) for the period | 9904 | -€1,333 | €4,603 | +€5,936 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,333 | €4,603 | +€5,936 |
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 20 October 2026 via checked.be.