Mestdagh HDJ: 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.
Mestdagh HDJ
Largest movements
- Cash +€9,205
up €9,205 (+50.4%), from €18,252 to €27,457
mainly Depreciation (+€8,273) and Net result for the year (+€7,430)
- Tangible fixed assets -€4,822
down €4,822 (-15.6%), from €30,854 to €26,032
- Profit (loss) carried forward +€7,430
up €7,430 (+52.3%), from €14,199 to €21,629
- Debts after one year -€6,467
down €6,467 (-31.6%), from €20,468 to €14,001
- Tax, wage and social debts +€2,999
up €2,999 (+20.9%), from €14,371 to €17,370
of which Taxes: +€2,999
- Gross operating margin -€9,461
down €9,461 (-31.2%), from €30,276 to €20,815
- Taxes -€1,546
down €1,546 (-30.3%), from €5,100 to €3,554
- Financial charges -€818
down €818 (-38.4%), from €2,130 to €1,312
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 | €57,732 | €61,980 | +€4,248 | +7.4% |
| Fixed assets | 21/28 | €30,854 | €26,032 | -€4,822 | -15.6% |
| Tangible fixed assets | 22/27 | €30,854 | €26,032 | -€4,822 | -15.6% |
| Furniture and vehicles | 24 | €30,854 | €26,032 | -€4,822 | -15.6% |
| Current assets | 29/58 | €26,878 | €35,948 | +€9,070 | +33.7% |
| Amounts receivable within one year | 40/41 | €8,256 | €8,109 | -€147 | -1.8% |
| Trade receivables | 40 | €8,256 | €8,109 | -€147 | -1.8% |
| Cash at bank and in hand | 54/58 | €18,252 | €27,457 | +€9,205 | +50.4% |
| Deferred charges and accrued income | 490/1 | €370 | €382 | +€12 | +3.2% |
| Total equity and liabilities | 10/49 | €57,732 | €61,980 | +€4,248 | +7.4% |
| Equity | 10/15 | €16,699 | €24,129 | +€7,430 | +44.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,199 | €21,629 | +€7,430 | +52.3% |
| Amounts payable | 17/49 | €41,033 | €37,851 | -€3,182 | -7.8% |
| Amounts payable after more than one year | 17 | €20,468 | €14,001 | -€6,467 | -31.6% |
| Financial debts | 170/4 | €20,468 | €14,001 | -€6,467 | -31.6% |
| Amounts payable within one year | 42/48 | €20,565 | €23,850 | +€3,285 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €6,136 | €6,467 | +€331 | +5.4% |
| Trade debts | 44 | €53 | - | -€53 | |
| Suppliers | 440/4 | €53 | - | -€53 | |
| Taxes, remuneration and social security | 45 | €14,371 | €17,370 | +€2,999 | +20.9% |
| Taxes | 450/3 | €12,166 | €15,165 | +€2,999 | +24.7% |
| Remuneration and social security | 454/9 | €2,205 | €2,205 | = | 0.0% |
| Other amounts payable | 47/48 | €5 | €13 | +€8 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,498 | €8,273 | -€225 | -2.6% |
| Other operating charges | 640/8 | €350 | €246 | -€104 | -29.6% |
| Gross operating margin | 9900 | €30,276 | €20,815 | -€9,461 | -31.2% |
| Operating profit (loss) | 9901 | €21,429 | €12,296 | -€9,133 | -42.6% |
| Financial charges | 65/66B | €2,130 | €1,312 | -€818 | -38.4% |
| Recurring financial charges | 65 | €2,130 | €1,312 | -€818 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €19,299 | €10,984 | -€8,315 | -43.1% |
| Income taxes | 67/77 | €5,100 | €3,554 | -€1,546 | -30.3% |
| Profit (loss) for the period | 9904 | €14,199 | €7,430 | -€6,769 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,199 | €7,430 | -€6,769 | -47.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.