MESTER: 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.
MESTER
Largest movements
- Stocks and contracts +€24,478
up €24,478 (+59.3%), from €41,259 to €65,737
- Intangible fixed assets -€20,350
down €20,350 (-20.0%), from €101,694 to €81,344
- Tangible fixed assets -€3,667
down €3,667 (-33.3%), from €11,000 to €7,333
- Trade debts -€19,052
down €19,052 (-14.9%), from €127,809 to €108,757
- Tax, wage and social debts +€11,246
new in 2025: €11,246
- Profit (loss) carried forward +€9,382
up €9,382 (+34.1%), from €27,513 to €36,895
- Purchases and services -€192,066
down €192,066 (-32.5%), from €591,110 to €399,044
- Turnover -€163,435
down €163,435 (-26.2%), from €624,749 to €461,314
- Gross operating margin +€28,630
up €28,630 (+85.1%), from €33,640 to €62,270
- Staff costs +€21,929
up €21,929 (+433.2%), from €5,063 to €26,992
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.
Cash bridge derived
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 | €156,784 | €158,360 | +€1,576 | +1.0% |
| Fixed assets | 21/28 | €112,694 | €88,678 | -€24,017 | -21.3% |
| Intangible fixed assets | 21 | €101,694 | €81,344 | -€20,350 | -20.0% |
| Tangible fixed assets | 22/27 | €11,000 | €7,333 | -€3,667 | -33.3% |
| Furniture and vehicles | 24 | €11,000 | €7,333 | -€3,667 | -33.3% |
| Current assets | 29/58 | €44,090 | €69,682 | +€25,592 | +58.0% |
| Stocks and contracts in progress | 3 | €41,259 | €65,737 | +€24,478 | +59.3% |
| Stocks | 30/36 | €41,259 | €65,737 | +€24,478 | +59.3% |
| Amounts receivable within one year | 40/41 | €2,710 | €3,371 | +€660 | +24.4% |
| Other amounts receivable | 41 | €2,710 | €3,371 | +€660 | +24.4% |
| Cash at bank and in hand | 54/58 | €120 | €574 | +€454 | +376.9% |
| Total equity and liabilities | 10/49 | €156,784 | €158,360 | +€1,576 | +1.0% |
| Equity | 10/15 | €28,513 | €37,895 | +€9,382 | +32.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,513 | €36,895 | +€9,382 | +34.1% |
| Amounts payable | 17/49 | €128,271 | €120,465 | -€7,806 | -6.1% |
| Amounts payable within one year | 42/48 | €128,271 | €120,465 | -€7,806 | -6.1% |
| Financial debts | 43 | €462 | €462 | = | 0.0% |
| Credit institutions | 430/8 | €462 | €462 | = | 0.0% |
| Trade debts | 44 | €127,809 | €108,757 | -€19,052 | -14.9% |
| Suppliers | 440/4 | €127,809 | €108,757 | -€19,052 | -14.9% |
| Taxes, remuneration and social security | 45 | - | €11,246 | +€11,246 | |
| Remuneration and social security | 454/9 | - | €11,246 | +€11,246 | |
| Turnover | 70 | €624,749 | €461,314 | -€163,435 | -26.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €591,110 | €399,044 | -€192,066 | -32.5% |
| Remuneration, social security and pensions | 62 | €5,063 | €26,992 | +€21,929 | +433.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,350 | €24,017 | +€3,667 | +18.0% |
| Other operating charges | 640/8 | €1,290 | €531 | -€759 | -58.8% |
| Gross operating margin | 9900 | €33,640 | €62,270 | +€28,630 | +85.1% |
| Operating profit (loss) | 9901 | €6,938 | €10,731 | +€3,793 | +54.7% |
| Financial charges | 65/66B | €68 | €114 | +€47 | +69.0% |
| Recurring financial charges | 65 | €68 | €114 | +€47 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €6,870 | €10,617 | +€3,746 | +54.5% |
| Income taxes | 67/77 | €2,203 | €1,235 | -€969 | -44.0% |
| Profit (loss) for the period | 9904 | €4,667 | €9,382 | +€4,715 | +101.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,667 | €9,382 | +€4,715 | +101.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.