Méstellart: 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.
Méstellart
Largest movements
- Receivables within one year +€24,248
up €24,248 (+141%), from €17,161 to €41,409
of which Trade receivables: +€12,493
- Tangible fixed assets +€23,796
up €23,796 (+83.4%), from €28,532 to €52,327
of which Furniture and vehicles: +€23,541
- Deferred charges and accrued income -€3,804
down €3,804 (-82.1%), from €4,634 to €830
- Reserves +€26,333
up €26,333 (+148%), from €17,849 to €44,182
- Debts after one year +€11,090
new in 2025: €11,090
- Current portion of long-term debt +€10,750
new in 2025: €10,750
- Trade debts -€4,781
down €4,781 (-39.1%), from €12,234 to €7,452
- Tax, wage and social debts +€3,792
up €3,792 (+22.9%), from €16,525 to €20,317
of which Taxes: +€6,342
- Gross operating margin +€12,251
up €12,251 (+41.4%), from €29,593 to €41,844
- Taxes +€3,819
up €3,819 (+71.9%), from €5,314 to €9,134
- Other operating charges -€474
down €474 (-19.6%), from €2,417 to €1,943
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 | €50,327 | €94,791 | +€44,464 | +88.4% |
| Fixed assets | 21/28 | €28,532 | €52,327 | +€23,796 | +83.4% |
| Tangible fixed assets | 22/27 | €28,532 | €52,327 | +€23,796 | +83.4% |
| Furniture and vehicles | 24 | - | €23,541 | +€23,541 | |
| Other tangible fixed assets | 26 | €28,532 | €28,786 | +€255 | +0.9% |
| Current assets | 29/58 | €21,795 | €42,464 | +€20,668 | +94.8% |
| Amounts receivable within one year | 40/41 | €17,161 | €41,409 | +€24,248 | +141% |
| Trade receivables | 40 | €5,050 | €17,542 | +€12,493 | +247% |
| Other amounts receivable | 41 | €12,112 | €23,867 | +€11,755 | +97.1% |
| Cash at bank and in hand | 54/58 | €0 | €225 | +€225 | |
| Deferred charges and accrued income | 490/1 | €4,634 | €830 | -€3,804 | -82.1% |
| Total equity and liabilities | 10/49 | €50,327 | €94,791 | +€44,464 | +88.4% |
| Equity | 10/15 | €18,849 | €45,182 | +€26,333 | +140% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,849 | €44,182 | +€26,333 | +148% |
| Distributable reserves | 133 | €17,849 | €44,182 | +€26,333 | +148% |
| Amounts payable | 17/49 | €31,478 | €49,609 | +€18,132 | +57.6% |
| Amounts payable after more than one year | 17 | - | €11,090 | +€11,090 | |
| Financial debts | 170/4 | - | €11,090 | +€11,090 | |
| Amounts payable within one year | 42/48 | €31,478 | €38,519 | +€7,041 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,750 | +€10,750 | |
| Financial debts | 43 | €2,719 | €0 | -€2,719 | -100% |
| Credit institutions | 430/8 | €2,719 | €0 | -€2,719 | -100% |
| Trade debts | 44 | €12,234 | €7,452 | -€4,781 | -39.1% |
| Suppliers | 440/4 | €12,234 | €7,452 | -€4,781 | -39.1% |
| Taxes, remuneration and social security | 45 | €16,525 | €20,317 | +€3,792 | +22.9% |
| Taxes | 450/3 | €13,975 | €20,317 | +€6,342 | +45.4% |
| Remuneration and social security | 454/9 | €2,550 | €0 | -€2,550 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,299 | €3,703 | +€404 | +12.3% |
| Other operating charges | 640/8 | €2,417 | €1,943 | -€474 | -19.6% |
| Gross operating margin | 9900 | €29,593 | €41,844 | +€12,251 | +41.4% |
| Operating profit (loss) | 9901 | €23,877 | €36,198 | +€12,321 | +51.6% |
| Financial income | 75/76B | €672 | €1,015 | +€344 | +51.2% |
| Recurring financial income | 75 | €672 | €1,015 | +€344 | +51.2% |
| Financial charges | 65/66B | €1,875 | €1,747 | -€128 | -6.8% |
| Recurring financial charges | 65 | €1,875 | €1,747 | -€128 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €22,674 | €35,466 | +€12,792 | +56.4% |
| Income taxes | 67/77 | €5,314 | €9,134 | +€3,819 | +71.9% |
| Profit (loss) for the period | 9904 | €17,359 | €26,333 | +€8,973 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,359 | €26,333 | +€8,973 | +51.7% |
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 19 October 2026 via checked.be.