MESTAN: 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.
MESTAN
Largest movements
- Stocks and contracts -€61,524
down €61,524 (-100%), from €61,524 to €0
- Receivables within one year +€16,701
up €16,701 (+125%), from €13,310 to €30,011
of which Trade receivables: +€8,581
- Tangible fixed assets -€2,384
down €2,384 (-100%), from €2,384 to €0
- Other debts -€31,838
down €31,838 (-92.7%), from €34,338 to €2,500
- Short-term financial debts -€9,627
down €9,627 (-100%), from €9,627 to €0
- Tax, wage and social debts -€9,107
down €9,107 (-60.0%), from €15,182 to €6,075
- Trade debts +€3,059
new in 2025: €3,059
- Depreciation -€5,833
down €5,833 (-100%), from €5,833 to €0
- Gross operating margin -€5,008
down €5,008 (-68.4%), from €7,318 to €2,310
- Other operating charges +€415
up €415 (+180%), from €231 to €646
- Taxes +€127
up €127 (+657%), from €19 to €147
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 | €77,218 | €30,057 | -€47,161 | -61.1% |
| Fixed assets | 21/28 | €2,384 | €0 | -€2,384 | -100% |
| Tangible fixed assets | 22/27 | €2,384 | €0 | -€2,384 | -100% |
| Furniture and vehicles | 24 | €2,384 | €0 | -€2,384 | -100% |
| Current assets | 29/58 | €74,834 | €30,057 | -€44,777 | -59.8% |
| Stocks and contracts in progress | 3 | €61,524 | €0 | -€61,524 | -100% |
| Stocks | 30/36 | €61,524 | €0 | -€61,524 | -100% |
| Amounts receivable within one year | 40/41 | €13,310 | €30,011 | +€16,701 | +125% |
| Trade receivables | 40 | €13,310 | €21,891 | +€8,581 | +64.5% |
| Other amounts receivable | 41 | - | €8,120 | +€8,120 | |
| Cash at bank and in hand | 54/58 | - | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €77,218 | €30,057 | -€47,161 | -61.1% |
| Equity | 10/15 | €18,072 | €18,423 | +€352 | +1.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,072 | €8,423 | +€352 | +4.4% |
| Distributable reserves | 133 | €8,072 | €8,423 | +€352 | +4.4% |
| Amounts payable | 17/49 | €59,146 | €11,634 | -€47,513 | -80.3% |
| Amounts payable within one year | 42/48 | €59,146 | €11,634 | -€47,513 | -80.3% |
| Financial debts | 43 | €9,627 | €0 | -€9,627 | -100% |
| Credit institutions | 430/8 | €9,627 | €0 | -€9,627 | -100% |
| Trade debts | 44 | - | €3,059 | +€3,059 | |
| Suppliers | 440/4 | - | €3,059 | +€3,059 | |
| Taxes, remuneration and social security | 45 | €15,182 | €6,075 | -€9,107 | -60.0% |
| Taxes | 450/3 | €15,182 | €6,075 | -€9,107 | -60.0% |
| Other amounts payable | 47/48 | €34,338 | €2,500 | -€31,838 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,833 | €0 | -€5,833 | -100% |
| Other operating charges | 640/8 | €231 | €646 | +€415 | +180% |
| Gross operating margin | 9900 | €7,318 | €2,310 | -€5,008 | -68.4% |
| Operating profit (loss) | 9901 | €1,254 | €1,663 | +€410 | +32.7% |
| Financial charges | 65/66B | €1,226 | €1,165 | -€61 | -5.0% |
| Recurring financial charges | 65 | €1,226 | €1,165 | -€61 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €27 | €498 | +€471 | +1,714% |
| Income taxes | 67/77 | €19 | €147 | +€127 | +657% |
| Profit (loss) for the period | 9904 | €8 | €352 | +€343 | +4,245% |
| Profit (loss) for the period to be appropriated | 9905 | €8 | €352 | +€343 | +4,245% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.