MESTRE: 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.
MESTRE
Largest movements
- Cash -€207,028
down €207,028 (-78.6%), from €263,271 to €56,243
mainly Contributions, distributions and other (-€231,845) and Current investments (-€30,000)
- Current investments +€30,000
up €30,000 (+400.0%), from €7,500 to €37,500
- Receivables within one year +€11,389
up €11,389 (+290.6%), from €3,919 to €15,308
of which Other amounts receivable: +€11,200
- Reserves -€160,505
down €160,505 (-69.2%), from €231,845 to €71,340
- Other debts -€6,155
down €6,155 (-87.9%), from €7,000 to €845
- Taxes +€9,016
up €9,016 (+45.6%), from €19,751 to €28,767
- Financial income +€3,010
up €3,010 (+977.5%), from €308 to €3,318
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 | €279,871 | €112,480 | -€167,391 | -59.8% |
| Fixed assets | 21/28 | €5,181 | €3,430 | -€1,751 | -33.8% |
| Tangible fixed assets | 22/27 | €5,181 | €3,430 | -€1,751 | -33.8% |
| Furniture and vehicles | 24 | €5,181 | €3,430 | -€1,751 | -33.8% |
| Current assets | 29/58 | €274,690 | €109,051 | -€165,639 | -60.3% |
| Amounts receivable within one year | 40/41 | €3,919 | €15,308 | +€11,389 | +290.6% |
| Trade receivables | 40 | €46 | €235 | +€189 | +407.8% |
| Other amounts receivable | 41 | €3,873 | €15,073 | +€11,200 | +289.2% |
| Current investments | 50/53 | €7,500 | €37,500 | +€30,000 | +400.0% |
| Cash at bank and in hand | 54/58 | €263,271 | €56,243 | -€207,028 | -78.6% |
| Total equity and liabilities | 10/49 | €279,871 | €112,480 | -€167,391 | -59.8% |
| Equity | 10/15 | €231,945 | €71,440 | -€160,505 | -69.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €231,845 | €71,340 | -€160,505 | -69.2% |
| Distributable reserves | 133 | €231,845 | €71,340 | -€160,505 | -69.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,926 | €41,040 | -€6,886 | -14.4% |
| Amounts payable within one year | 42/48 | €47,926 | €41,040 | -€6,886 | -14.4% |
| Financial debts | 43 | €1,257 | €104 | -€1,153 | -91.8% |
| Credit institutions | 430/8 | €1,257 | €104 | -€1,153 | -91.8% |
| Trade debts | 44 | €350 | €0 | -€350 | -100.0% |
| Suppliers | 440/4 | €350 | €0 | -€350 | -100.0% |
| Taxes, remuneration and social security | 45 | €39,320 | €40,092 | +€772 | +2.0% |
| Taxes | 450/3 | €39,320 | €40,092 | +€772 | +2.0% |
| Other amounts payable | 47/48 | €7,000 | €845 | -€6,155 | -87.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,270 | €2,827 | +€557 | +24.5% |
| Other operating charges | 640/8 | €387 | €516 | +€128 | +33.1% |
| Gross operating margin | 9900 | €100,941 | €100,505 | -€436 | -0.4% |
| Operating profit (loss) | 9901 | €98,283 | €97,162 | -€1,121 | -1.1% |
| Financial income | 75/76B | €308 | €3,318 | +€3,010 | +977.5% |
| Recurring financial income | 75 | €308 | €3,318 | +€3,010 | +977.5% |
| Financial charges | 65/66B | €88 | €373 | +€285 | +325.8% |
| Recurring financial charges | 65 | €88 | €373 | +€285 | +325.8% |
| Profit (loss) for the period before taxes | 9903 | €98,504 | €100,108 | +€1,604 | +1.6% |
| Income taxes | 67/77 | €19,751 | €28,767 | +€9,016 | +45.6% |
| Profit (loss) for the period | 9904 | €78,753 | €71,340 | -€7,412 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,753 | €71,340 | -€7,412 | -9.4% |
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.