MESURE: 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.
MESURE
Largest movements
- Tangible fixed assets +€305,479
up €305,479 (+32.1%), from €952,339 to €1.3m
of which Furniture and vehicles: +€479,162
- Receivables within one year -€286,228
down €286,228 (-72.1%), from €397,144 to €110,916
of which Trade receivables: -€250,470
- Cash +€205,556
up €205,556 (+45.5%), from €451,577 to €657,133
mainly Net result for the year (+€333,427) and Depreciation (+€321,778)
- Debts after one year +€178,104
up €178,104 (+263.4%), from €67,629 to €245,733
- Tax, wage and social debts -€94,909
down €94,909 (-88.3%), from €107,440 to €12,531
of which Taxes: -€95,451
- Reserves +€72,360
up €72,360 (+6.7%), from €1.1m to €1.2m
of which Tax-exempt reserves: +€190,750
- Provisions +€47,687
up €47,687 (+247.6%), from €19,259 to €66,946
- Current portion of long-term debt -€41,294
down €41,294 (-14.3%), from €288,565 to €247,271
- Gross operating margin +€247,576
up €247,576 (+38.1%), from €649,642 to €897,218
- Financial charges +€11,878
up €11,878 (+84.9%), from €13,989 to €25,867
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 | €1,825,900 | €2,059,620 | +€233,719 | +12.8% |
| Fixed assets | 21/28 | €952,339 | €1,257,819 | +€305,479 | +32.1% |
| Tangible fixed assets | 22/27 | €952,339 | €1,257,819 | +€305,479 | +32.1% |
| Land and buildings | 22 | €126,491 | €152,847 | +€26,355 | +20.8% |
| Plant, machinery and equipment | 23 | €487,017 | €286,979 | -€200,039 | -41.1% |
| Furniture and vehicles | 24 | €338,831 | €817,993 | +€479,162 | +141.4% |
| Current assets | 29/58 | €873,561 | €801,801 | -€71,760 | -8.2% |
| Stocks and contracts in progress | 3 | €24,840 | €19,871 | -€4,969 | -20.0% |
| Stocks | 30/36 | €24,840 | €19,871 | -€4,969 | -20.0% |
| Amounts receivable within one year | 40/41 | €397,144 | €110,916 | -€286,228 | -72.1% |
| Trade receivables | 40 | €361,186 | €110,716 | -€250,470 | -69.3% |
| Other amounts receivable | 41 | €35,957 | €200 | -€35,757 | -99.4% |
| Cash at bank and in hand | 54/58 | €451,577 | €657,133 | +€205,556 | +45.5% |
| Deferred charges and accrued income | 490/1 | - | €13,881 | +€13,881 | |
| Total equity and liabilities | 10/49 | €1,825,900 | €2,059,620 | +€233,719 | +12.8% |
| Equity | 10/15 | €1,128,837 | €1,201,198 | +€72,360 | +6.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €1,079,259 | €1,151,619 | +€72,360 | +6.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,035 | €267,784 | +€190,750 | +247.6% |
| Distributable reserves | 133 | €997,224 | €878,835 | -€118,389 | -11.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €19,259 | €66,946 | +€47,687 | +247.6% |
| Deferred taxes | 168 | €19,259 | €66,946 | +€47,687 | +247.6% |
| Amounts payable | 17/49 | €677,805 | €791,476 | +€113,671 | +16.8% |
| Amounts payable after more than one year | 17 | €67,629 | €245,733 | +€178,104 | +263.4% |
| Financial debts | 170/4 | €67,629 | €245,733 | +€178,104 | +263.4% |
| Amounts payable within one year | 42/48 | €610,175 | €544,455 | -€65,720 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €288,565 | €247,271 | -€41,294 | -14.3% |
| Trade debts | 44 | €118,302 | €148,062 | +€29,760 | +25.2% |
| Suppliers | 440/4 | €118,302 | €148,062 | +€29,760 | +25.2% |
| Taxes, remuneration and social security | 45 | €107,440 | €12,531 | -€94,909 | -88.3% |
| Taxes | 450/3 | €99,812 | €4,361 | -€95,451 | -95.6% |
| Remuneration and social security | 454/9 | €7,628 | €8,170 | +€542 | +7.1% |
| Other amounts payable | 47/48 | €95,868 | €136,590 | +€40,722 | +42.5% |
| Accrued charges and deferred income | 492/3 | - | €1,288 | +€1,288 | |
| Non-recurring operating income | 76A | €164,944 | €583,460 | +€418,515 | +253.7% |
| Remuneration, social security and pensions | 62 | €132,148 | €126,590 | -€5,558 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319,559 | €321,778 | +€2,219 | +0.7% |
| Other operating charges | 640/8 | €1,411 | €2,421 | +€1,010 | +71.6% |
| Non-recurring operating charges | 66A | €0 | €2,428 | +€2,428 | |
| Gross operating margin | 9900 | €649,642 | €897,218 | +€247,576 | +38.1% |
| Operating profit (loss) | 9901 | €196,524 | €444,001 | +€247,477 | +125.9% |
| Financial income | 75/76B | €4,985 | €6,325 | +€1,340 | +26.9% |
| Recurring financial income | 75 | €4,985 | €6,325 | +€1,340 | +26.9% |
| Financial charges | 65/66B | €13,989 | €25,867 | +€11,878 | +84.9% |
| Recurring financial charges | 65 | €13,989 | €25,867 | +€11,878 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €187,521 | €424,459 | +€236,938 | +126.4% |
| Transfer from deferred taxes | 780 | €5,243 | €12,713 | +€7,469 | +142.5% |
| Transfer to deferred taxes | 680 | - | €60,400 | +€60,400 | |
| Income taxes | 67/77 | €43,004 | €43,344 | +€340 | +0.8% |
| Profit (loss) for the period | 9904 | €149,760 | €333,427 | +€183,668 | +122.6% |
| Transfer from tax-exempt reserves | 789 | €20,973 | €50,850 | +€29,878 | +142.5% |
| Transfer to tax-exempt reserves | 689 | - | €241,600 | +€241,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,732 | €142,678 | -€28,055 | -16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.