MESTDAG KEVIN: 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.
MESTDAG KEVIN
Largest movements
- Cash +€26,572
up €26,572 (+72.5%), from €36,646 to €63,219
mainly Net result for the year (+€97,508) and Depreciation (+€5,841)
- Tangible fixed assets +€25,426
up €25,426 (+391%), from €6,503 to €31,929
- Receivables within one year +€2,417
up €2,417 (+5.1%), from €47,618 to €50,035
of which Trade receivables: +€3,147
- Reserves +€71,708
up €71,708 (+104%), from €68,764 to €140,472
- Trade debts -€10,818
down €10,818 (-95.1%), from €11,372 to €554
- Other debts -€6,917
down €6,917 (-67.5%), from €10,245 to €3,328
- Gross operating margin +€40,609
up €40,609 (+45.4%), from €89,488 to €130,097
- Taxes +€8,862
up €8,862 (+50.8%), from €17,432 to €26,294
- Depreciation +€3,650
up €3,650 (+167%), from €2,191 to €5,841
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 | €91,393 | €145,754 | +€54,361 | +59.5% |
| Formation expenses | 20 | €263 | - | -€263 | |
| Fixed assets | 21/28 | €6,503 | €31,929 | +€25,426 | +391% |
| Tangible fixed assets | 22/27 | €6,503 | €31,929 | +€25,426 | +391% |
| Furniture and vehicles | 24 | €6,503 | €31,929 | +€25,426 | +391% |
| Current assets | 29/58 | €84,627 | €113,825 | +€29,198 | +34.5% |
| Amounts receivable within one year | 40/41 | €47,618 | €50,035 | +€2,417 | +5.1% |
| Trade receivables | 40 | €45,507 | €48,654 | +€3,147 | +6.9% |
| Other amounts receivable | 41 | €2,111 | €1,382 | -€730 | -34.6% |
| Cash at bank and in hand | 54/58 | €36,646 | €63,219 | +€26,572 | +72.5% |
| Deferred charges and accrued income | 490/1 | €362 | €571 | +€209 | +57.6% |
| Total equity and liabilities | 10/49 | €91,393 | €145,754 | +€54,361 | +59.5% |
| Equity | 10/15 | €69,764 | €141,472 | +€71,708 | +103% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €68,764 | €140,472 | +€71,708 | +104% |
| Distributable reserves | 133 | €68,764 | €140,472 | +€71,708 | +104% |
| Amounts payable | 17/49 | €21,629 | €4,282 | -€17,347 | -80.2% |
| Amounts payable within one year | 42/48 | €21,629 | €3,882 | -€17,747 | -82.1% |
| Trade debts | 44 | €11,372 | €554 | -€10,818 | -95.1% |
| Suppliers | 440/4 | €11,372 | €554 | -€10,818 | -95.1% |
| Taxes, remuneration and social security | 45 | €12 | - | -€12 | |
| Taxes | 450/3 | €12 | - | -€12 | |
| Other amounts payable | 47/48 | €10,245 | €3,328 | -€6,917 | -67.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,191 | €5,841 | +€3,650 | +167% |
| Other operating charges | 640/8 | €154 | €401 | +€247 | +160% |
| Gross operating margin | 9900 | €89,488 | €130,097 | +€40,609 | +45.4% |
| Operating profit (loss) | 9901 | €87,142 | €123,855 | +€36,712 | +42.1% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €156 | €53 | -€103 | -65.9% |
| Recurring financial charges | 65 | €156 | €53 | -€103 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €86,996 | €123,801 | +€36,805 | +42.3% |
| Income taxes | 67/77 | €17,432 | €26,294 | +€8,862 | +50.8% |
| Profit (loss) for the period | 9904 | €69,564 | €97,508 | +€27,944 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,564 | €97,508 | +€27,944 | +40.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.