MEXA: 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.
MEXA
Largest movements
- Stocks and contracts -€60,043
no longer reported in 2024 (was €60,043)
- Cash +€27,437
up €27,437 (+119.9%), from €22,886 to €50,323
mainly Current portion of long-term debt (+€390,117) and Net result for the year (+€268,579)
- Receivables within one year -€19,765
down €19,765 (-18.3%), from €108,072 to €88,307
of which Other amounts receivable: -€83,190
- Tangible fixed assets -€16,996
down €16,996 (-1.4%), from €1.2m to €1.2m
of which Land and buildings: -€49,203
- Debts after one year -€675,729
no longer reported in 2024 (was €675,729)
- Current portion of long-term debt +€390,117
up €390,117 (+459.6%), from €84,883 to €475,000
- Reserves +€235,160
up €235,160 (+88.5%), from €265,769 to €500,929
of which Tax-exempt reserves: +€152,825
- Short-term financial debts -€139,500
no longer reported in 2024 (was €139,500)
- Other debts +€109,466
up €109,466 (+290.8%), from €37,649 to €147,115
- Gross operating margin +€396,248
up €396,248 (+284.4%), from €139,332 to €535,580
- Taxes +€69,646
up €69,646 (+22959.1%), from €303 to €69,950
- Staff costs -€49,685
down €49,685 (-87.2%), from €56,969 to €7,284
- Depreciation +€13,299
up €13,299 (+21.8%), from €61,063 to €74,362
- Financial charges +€12,664
up €12,664 (+50.3%), from €25,167 to €37,831
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,410,444 | €1,346,312 | -€64,133 | -4.5% |
| Fixed assets | 21/28 | €1,216,647 | €1,199,789 | -€16,858 | -1.4% |
| Tangible fixed assets | 22/27 | €1,216,647 | €1,199,651 | -€16,996 | -1.4% |
| Land and buildings | 22 | €1,201,027 | €1,151,824 | -€49,203 | -4.1% |
| Plant, machinery and equipment | 23 | €13 | €44,534 | +€44,521 | +343526.5% |
| Furniture and vehicles | 24 | €6,303 | €3,292 | -€3,011 | -47.8% |
| Other tangible fixed assets | 26 | €9,304 | - | -€9,304 | |
| Financial fixed assets | 28 | - | €138 | +€138 | |
| Current assets | 29/58 | €193,798 | €146,523 | -€47,274 | -24.4% |
| Stocks and contracts in progress | 3 | €60,043 | - | -€60,043 | |
| Stocks | 30/36 | €60,043 | - | -€60,043 | |
| Amounts receivable within one year | 40/41 | €108,072 | €88,307 | -€19,765 | -18.3% |
| Trade receivables | 40 | €4,725 | €68,150 | +€63,425 | +1342.3% |
| Other amounts receivable | 41 | €103,347 | €20,156 | -€83,190 | -80.5% |
| Cash at bank and in hand | 54/58 | €22,886 | €50,323 | +€27,437 | +119.9% |
| Deferred charges and accrued income | 490/1 | €2,797 | €7,894 | +€5,096 | +182.2% |
| Total equity and liabilities | 10/49 | €1,410,444 | €1,346,312 | -€64,133 | -4.5% |
| Equity | 10/15 | €325,850 | €594,429 | +€268,579 | +82.4% |
| Contributions | 10/11 | €93,500 | €93,500 | = | 0.0% |
| Reserves | 13 | €265,769 | €500,929 | +€235,160 | +88.5% |
| Non-distributable reserves | 130/1 | €9,350 | - | -€9,350 | |
| Reserves not available under the articles | 1311 | €9,350 | - | -€9,350 | |
| Tax-exempt reserves | 132 | - | €152,825 | +€152,825 | |
| Distributable reserves | 133 | €256,419 | €348,104 | +€91,685 | +35.8% |
| Profit (loss) carried forward | 14 | -€33,419 | - | +€33,419 | |
| Provisions and deferred taxes | 16 | - | €50,942 | +€50,942 | |
| Deferred taxes | 168 | - | €50,942 | +€50,942 | |
| Amounts payable | 17/49 | €1,084,595 | €700,941 | -€383,654 | -35.4% |
| Amounts payable after more than one year | 17 | €675,729 | - | -€675,729 | |
| Financial debts | 170/4 | €675,729 | - | -€675,729 | |
| Amounts payable within one year | 42/48 | €389,471 | €681,480 | +€292,010 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €84,883 | €475,000 | +€390,117 | +459.6% |
| Financial debts | 43 | €139,500 | - | -€139,500 | |
| Credit institutions | 430/8 | €139,500 | - | -€139,500 | |
| Trade debts | 44 | €72,736 | €9,209 | -€63,527 | -87.3% |
| Suppliers | 440/4 | €72,736 | €9,209 | -€63,527 | -87.3% |
| Advances received on contracts in progress | 46 | €4,800 | - | -€4,800 | |
| Taxes, remuneration and social security | 45 | €49,903 | €50,156 | +€253 | +0.5% |
| Taxes | 450/3 | €42,406 | €45,287 | +€2,881 | +6.8% |
| Remuneration and social security | 454/9 | €7,497 | €4,869 | -€2,628 | -35.1% |
| Other amounts payable | 47/48 | €37,649 | €147,115 | +€109,466 | +290.8% |
| Accrued charges and deferred income | 492/3 | €19,395 | €19,461 | +€66 | +0.3% |
| Non-recurring operating income | 76A | - | €411,421 | +€411,421 | |
| Remuneration, social security and pensions | 62 | €56,969 | €7,284 | -€49,685 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,063 | €74,362 | +€13,299 | +21.8% |
| Other operating charges | 640/8 | €7,814 | €8,319 | +€505 | +6.5% |
| Non-recurring operating charges | 66A | - | €21,198 | +€21,198 | |
| Gross operating margin | 9900 | €139,332 | €535,580 | +€396,248 | +284.4% |
| Operating profit (loss) | 9901 | €13,485 | €424,417 | +€410,932 | +3047.2% |
| Financial income | 75/76B | €1,320 | €2,885 | +€1,564 | +118.5% |
| Recurring financial income | 75 | €1,320 | €2,885 | +€1,564 | +118.5% |
| Financial charges | 65/66B | €25,167 | €37,831 | +€12,664 | +50.3% |
| Recurring financial charges | 65 | €25,167 | €37,831 | +€12,664 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,361 | €389,471 | +€399,832 | |
| Transfer to deferred taxes | 680 | - | €50,942 | +€50,942 | |
| Income taxes | 67/77 | €303 | €69,950 | +€69,646 | +22959.1% |
| Profit (loss) for the period | 9904 | -€10,664 | €268,579 | +€279,244 | |
| Transfer to tax-exempt reserves | 689 | - | €152,825 | +€152,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,664 | €115,754 | +€126,419 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.