MESTAGRI: 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.
MESTAGRI
Largest movements
- Cash +€101,058
up €101,058 (+160.8%), from €62,866 to €163,924
mainly Depreciation (+€68,986) and Net result for the year (+€21,760)
- Tangible fixed assets -€68,986
down €68,986 (-24.4%), from €282,161 to €213,175
of which Plant, machinery and equipment: -€46,286
- Receivables within one year -€19,999
down €19,999 (-40.0%), from €49,993 to €29,994
of which Trade receivables: -€18,535
- Trade debts +€8,448
up €8,448 (+669.9%), from €1,261 to €9,709
- Gross operating margin +€4,765
up €4,765 (+5.6%), from €85,702 to €90,467
- Financial income -€3,734
down €3,734 (-50.9%), from €7,339 to €3,605
- Depreciation +€1,259
up €1,259 (+1.9%), from €67,727 to €68,986
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,983 | €736,341 | +€15,358 | +2.1% |
| Fixed assets | 21/28 | €282,161 | €213,175 | -€68,986 | -24.4% |
| Tangible fixed assets | 22/27 | €282,161 | €213,175 | -€68,986 | -24.4% |
| Plant, machinery and equipment | 23 | €220,271 | €173,985 | -€46,286 | -21.0% |
| Furniture and vehicles | 24 | €33,144 | €14,446 | -€18,698 | -56.4% |
| Other tangible fixed assets | 26 | €28,746 | €24,744 | -€4,002 | -13.9% |
| Current assets | 29/58 | €438,822 | €523,166 | +€84,344 | +19.2% |
| Stocks and contracts in progress | 3 | €24,000 | €29,248 | +€5,248 | +21.9% |
| Stocks | 30/36 | €24,000 | €29,248 | +€5,248 | +21.9% |
| Amounts receivable within one year | 40/41 | €49,993 | €29,994 | -€19,999 | -40.0% |
| Trade receivables | 40 | €40,554 | €22,019 | -€18,535 | -45.7% |
| Other amounts receivable | 41 | €9,439 | €7,975 | -€1,464 | -15.5% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,866 | €163,924 | +€101,058 | +160.8% |
| Deferred charges and accrued income | 490/1 | €1,963 | - | -€1,963 | |
| Total equity and liabilities | 10/49 | €720,983 | €736,341 | +€15,358 | +2.1% |
| Equity | 10/15 | €702,608 | €707,368 | +€4,760 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €634,732 | €634,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €628,532 | €628,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,876 | €10,636 | +€4,760 | +81.0% |
| Amounts payable | 17/49 | €18,375 | €28,973 | +€10,598 | +57.7% |
| Amounts payable within one year | 42/48 | €18,375 | €28,973 | +€10,598 | +57.7% |
| Trade debts | 44 | €1,261 | €9,709 | +€8,448 | +669.9% |
| Suppliers | 440/4 | €1,261 | €9,709 | +€8,448 | +669.9% |
| Taxes, remuneration and social security | 45 | €800 | €800 | = | 0.0% |
| Taxes | 450/3 | €800 | €800 | = | 0.0% |
| Other amounts payable | 47/48 | €16,314 | €18,464 | +€2,150 | +13.2% |
| Non-recurring operating income | 76A | €9,030 | - | -€9,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,727 | €68,986 | +€1,259 | +1.9% |
| Other operating charges | 640/8 | €826 | €1,449 | +€623 | +75.4% |
| Gross operating margin | 9900 | €85,702 | €90,467 | +€4,765 | +5.6% |
| Operating profit (loss) | 9901 | €17,149 | €20,032 | +€2,883 | +16.8% |
| Financial income | 75/76B | €7,339 | €3,605 | -€3,734 | -50.9% |
| Recurring financial income | 75 | €7,339 | €3,605 | -€3,734 | -50.9% |
| Financial charges | 65/66B | €56 | €65 | +€9 | +16.1% |
| Recurring financial charges | 65 | €56 | €65 | +€9 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €24,432 | €23,572 | -€860 | -3.5% |
| Income taxes | 67/77 | €1,556 | €1,812 | +€256 | +16.5% |
| Profit (loss) for the period | 9904 | €22,876 | €21,760 | -€1,116 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,876 | €21,760 | -€1,116 | -4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.