MESTACH: what changed
Two fiscal 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.
MESTACH
Largest movements
- Cash +€8,564
up €8,564 (+306.0%), from €2,799 to €11,363
mainly Stocks and contracts (+€4,015) and Net result for the year (+€2,716)
- Stocks and contracts -€4,015
down €4,015 (-25.8%), from €15,560 to €11,546
- Receivables within one year -€1,187
down €1,187 (-39.7%), from €2,988 to €1,801
of which Other amounts receivable: -€830
- Tangible fixed assets -€429
down €429 (-34.0%), from €1,263 to €834
- Profit (loss) carried forward +€2,716
up €2,716 (+59.6%), from €4,558 to €7,274
- Tax, wage and social debts -€887
down €887 (-18.5%), from €4,803 to €3,916
- Current portion of long-term debt +€654
up €654 (+25.2%), from €2,600 to €3,254
- Other debts +€632
up €632, from €0 to €632
- Trade debts -€361
down €361 (-8.8%), from €4,089 to €3,729
- Gross operating margin +€5,242
up €5,242 (+139.9%), from €3,747 to €8,989
- Taxes +€1,263
up €1,263 (+613.5%), from €206 to €1,468
- Depreciation +€405
up €405 (+199.2%), from €204 to €609
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 | €24,050 | €26,805 | +€2,754 | +11.5% |
| Fixed assets | 21/28 | €2,703 | €2,094 | -€609 | -22.5% |
| Intangible fixed assets | 21 | €1,440 | €1,260 | -€180 | -12.5% |
| Tangible fixed assets | 22/27 | €1,263 | €834 | -€429 | -34.0% |
| Furniture and vehicles | 24 | €1,263 | €834 | -€429 | -34.0% |
| Current assets | 29/58 | €21,347 | €24,711 | +€3,363 | +15.8% |
| Stocks and contracts in progress | 3 | €15,560 | €11,546 | -€4,015 | -25.8% |
| Stocks | 30/36 | €15,560 | €11,546 | -€4,015 | -25.8% |
| Amounts receivable within one year | 40/41 | €2,988 | €1,801 | -€1,187 | -39.7% |
| Trade receivables | 40 | €356 | €0 | -€356 | -100.0% |
| Other amounts receivable | 41 | €2,632 | €1,801 | -€830 | -31.6% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €2,799 | €11,363 | +€8,564 | +306.0% |
| Total equity and liabilities | 10/49 | €24,050 | €26,805 | +€2,754 | +11.5% |
| Equity | 10/15 | €12,558 | €15,274 | +€2,716 | +21.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,558 | €7,274 | +€2,716 | +59.6% |
| Amounts payable | 17/49 | €11,492 | €11,530 | +€38 | +0.3% |
| Amounts payable within one year | 42/48 | €11,492 | €11,530 | +€38 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €2,600 | €3,254 | +€654 | +25.2% |
| Trade debts | 44 | €4,089 | €3,729 | -€361 | -8.8% |
| Suppliers | 440/4 | €4,089 | €3,729 | -€361 | -8.8% |
| Taxes, remuneration and social security | 45 | €4,803 | €3,916 | -€887 | -18.5% |
| Taxes | 450/3 | €4,803 | €3,916 | -€887 | -18.5% |
| Other amounts payable | 47/48 | €0 | €632 | +€632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €609 | +€405 | +199.2% |
| Other operating charges | 640/8 | €193 | €195 | +€2 | +1.0% |
| Gross operating margin | 9900 | €3,747 | €8,989 | +€5,242 | +139.9% |
| Operating profit (loss) | 9901 | €3,351 | €8,185 | +€4,834 | +144.3% |
| Financial income | 75/76B | €11 | €90 | +€80 | +741.4% |
| Recurring financial income | 75 | €11 | €90 | +€80 | +741.4% |
| Financial charges | 65/66B | €4,034 | €4,091 | +€57 | +1.4% |
| Recurring financial charges | 65 | €4,034 | €4,091 | +€57 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€672 | €4,184 | +€4,857 | |
| Income taxes | 67/77 | €206 | €1,468 | +€1,263 | +613.5% |
| Profit (loss) for the period | 9904 | -€878 | €2,716 | +€3,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€878 | €2,716 | +€3,594 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.