MESTAG: 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.
MESTAG
Largest movements
- Stocks and contracts -€2,378
down €2,378 (-7.9%), from €29,920 to €27,542
- Cash -€1,987
down €1,987 (-41.6%), from €4,780 to €2,793
mainly Net result for the year (-€15,026) and Other debts (-€5,249)
- Tangible fixed assets -€718
no longer reported in 2025 (was €718)
- Receivables within one year -€543
down €543 (-42.3%), from €1,284 to €741
- Trade debts +€16,486
up €16,486 (+44.6%), from €36,996 to €53,482
- Profit (loss) carried forward -€15,026
down €15,026 (-15.7%), from -€95,581 to -€110,607
- Other debts -€5,249
down €5,249 (-8.1%), from €64,492 to €59,243
- Tax, wage and social debts -€1,837
down €1,837 (-15.9%), from €11,572 to €9,736
of which Taxes: -€1,054
- Gross operating margin -€3,880
down €3,880 (-11.0%), from €35,250 to €31,371
- Other operating charges +€3,821
up €3,821 (+101.5%), from €3,764 to €7,584
- Staff costs -€3,331
down €3,331 (-8.1%), from €40,993 to €37,662
- Depreciation -€1,328
down €1,328 (-64.9%), from €2,047 to €718
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 | €36,703 | €31,077 | -€5,626 | -15.3% |
| Fixed assets | 21/28 | €718 | - | -€718 | |
| Tangible fixed assets | 22/27 | €718 | - | -€718 | |
| Furniture and vehicles | 24 | €718 | - | -€718 | |
| Current assets | 29/58 | €35,985 | €31,077 | -€4,908 | -13.6% |
| Stocks and contracts in progress | 3 | €29,920 | €27,542 | -€2,378 | -7.9% |
| Stocks | 30/36 | €29,920 | €27,542 | -€2,378 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,284 | €741 | -€543 | -42.3% |
| Trade receivables | 40 | €1,284 | €741 | -€543 | -42.3% |
| Cash at bank and in hand | 54/58 | €4,780 | €2,793 | -€1,987 | -41.6% |
| Total equity and liabilities | 10/49 | €36,703 | €31,077 | -€5,626 | -15.3% |
| Equity | 10/15 | -€76,427 | -€91,454 | -€15,026 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €554 | €554 | = | 0.0% |
| Non-distributable reserves | 130/1 | €554 | €554 | = | 0.0% |
| Reserves not available under the articles | 1311 | €554 | €554 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,581 | -€110,607 | -€15,026 | -15.7% |
| Amounts payable | 17/49 | €113,130 | €122,531 | +€9,400 | +8.3% |
| Amounts payable after more than one year | 17 | €70 | €70 | = | 0.0% |
| Other amounts payable | 178/9 | €70 | €70 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,060 | €122,461 | +€9,400 | +8.3% |
| Trade debts | 44 | €36,996 | €53,482 | +€16,486 | +44.6% |
| Suppliers | 440/4 | €36,996 | €53,482 | +€16,486 | +44.6% |
| Taxes, remuneration and social security | 45 | €11,572 | €9,736 | -€1,837 | -15.9% |
| Taxes | 450/3 | €4,825 | €3,771 | -€1,054 | -21.8% |
| Remuneration and social security | 454/9 | €6,747 | €5,965 | -€782 | -11.6% |
| Other amounts payable | 47/48 | €64,492 | €59,243 | -€5,249 | -8.1% |
| Remuneration, social security and pensions | 62 | €40,993 | €37,662 | -€3,331 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,047 | €718 | -€1,328 | -64.9% |
| Other operating charges | 640/8 | €3,764 | €7,584 | +€3,821 | +101.5% |
| Gross operating margin | 9900 | €35,250 | €31,371 | -€3,880 | -11.0% |
| Operating profit (loss) | 9901 | -€11,553 | -€14,593 | -€3,041 | -26.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €501 | €434 | -€67 | -13.4% |
| Recurring financial charges | 65 | €501 | €434 | -€67 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,054 | -€15,026 | -€2,972 | -24.7% |
| Income taxes | 67/77 | €327 | - | -€327 | |
| Profit (loss) for the period | 9904 | -€12,381 | -€15,026 | -€2,645 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,381 | -€15,026 | -€2,645 | -21.4% |
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 4 October 2026 via checked.be.