MEYSA: 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.
MEYSA
Largest movements
- Tangible fixed assets +€102,651
up €102,651 (+503.3%), from €20,394 to €123,045
of which Other tangible fixed assets: +€99,290
- Cash +€11,456
up €11,456 (+36.3%), from €31,581 to €43,037
mainly Debts after one year (+€77,246) and Trade debts (+€31,464)
- Receivables within one year +€5,309
up €5,309 (+42.0%), from €12,655 to €17,964
of which Trade receivables: +€5,374
- Debts after one year +€77,246
up €77,246 (+1254.0%), from €6,160 to €83,406
- Trade debts +€31,464
up €31,464 (+961.7%), from €3,272 to €34,736
- Other debts +€17,855
up €17,855 (+192.1%), from €9,295 to €27,150
- Reserves -€13,869
down €13,869 (-53.7%), from €25,813 to €11,944
- Current portion of long-term debt +€7,868
up €7,868 (+216.5%), from €3,635 to €11,502
- Gross operating margin -€47,067
down €47,067, from €45,645 to -€1,421
- Taxes -€8,492
down €8,492 (-98.3%), from €8,642 to €149
- Depreciation +€2,464
up €2,464 (+53.6%), from €4,597 to €7,061
- Other operating charges -€2,250
down €2,250 (-58.2%), from €3,865 to €1,615
- Financial charges +€2,123
up €2,123 (+126.0%), from €1,685 to €3,808
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 | €65,226 | €184,862 | +€119,636 | +183.4% |
| Fixed assets | 21/28 | €20,394 | €123,045 | +€102,651 | +503.3% |
| Tangible fixed assets | 22/27 | €20,394 | €123,045 | +€102,651 | +503.3% |
| Plant, machinery and equipment | 23 | €6,538 | €11,432 | +€4,895 | +74.9% |
| Furniture and vehicles | 24 | €13,856 | €12,322 | -€1,534 | -11.1% |
| Other tangible fixed assets | 26 | - | €99,290 | +€99,290 | |
| Current assets | 29/58 | €44,832 | €61,817 | +€16,985 | +37.9% |
| Amounts receivable within one year | 40/41 | €12,655 | €17,964 | +€5,309 | +42.0% |
| Trade receivables | 40 | €12,590 | €17,964 | +€5,374 | +42.7% |
| Other amounts receivable | 41 | €64 | - | -€64 | |
| Cash at bank and in hand | 54/58 | €31,581 | €43,037 | +€11,456 | +36.3% |
| Deferred charges and accrued income | 490/1 | €597 | €817 | +€220 | +36.9% |
| Total equity and liabilities | 10/49 | €65,226 | €184,862 | +€119,636 | +183.4% |
| Equity | 10/15 | €28,313 | €14,444 | -€13,869 | -49.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,813 | €11,944 | -€13,869 | -53.7% |
| Distributable reserves | 133 | €25,813 | €11,944 | -€13,869 | -53.7% |
| Amounts payable | 17/49 | €36,913 | €170,418 | +€133,505 | +361.7% |
| Amounts payable after more than one year | 17 | €6,160 | €83,406 | +€77,246 | +1254.0% |
| Financial debts | 170/4 | €6,160 | €83,406 | +€77,246 | +1254.0% |
| Amounts payable within one year | 42/48 | €29,199 | €84,035 | +€54,836 | +187.8% |
| Current portion of amounts payable after more than one year | 42 | €3,635 | €11,502 | +€7,868 | +216.5% |
| Trade debts | 44 | €3,272 | €34,736 | +€31,464 | +961.7% |
| Suppliers | 440/4 | €3,272 | €34,736 | +€31,464 | +961.7% |
| Taxes, remuneration and social security | 45 | €12,997 | €10,647 | -€2,350 | -18.1% |
| Taxes | 450/3 | €12,997 | €9,169 | -€3,828 | -29.5% |
| Remuneration and social security | 454/9 | - | €1,478 | +€1,478 | |
| Other amounts payable | 47/48 | €9,295 | €27,150 | +€17,855 | +192.1% |
| Accrued charges and deferred income | 492/3 | €1,554 | €2,977 | +€1,423 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,597 | €7,061 | +€2,464 | +53.6% |
| Other operating charges | 640/8 | €3,865 | €1,615 | -€2,250 | -58.2% |
| Non-recurring operating charges | 66A | €1,188 | - | -€1,188 | |
| Gross operating margin | 9900 | €45,645 | -€1,421 | -€47,067 | |
| Operating profit (loss) | 9901 | €35,995 | -€10,098 | -€46,093 | |
| Financial income | 75/76B | €145 | €187 | +€42 | +28.7% |
| Recurring financial income | 75 | €145 | €187 | +€42 | +28.7% |
| Financial charges | 65/66B | €1,685 | €3,808 | +€2,123 | +126.0% |
| Recurring financial charges | 65 | €1,685 | €3,808 | +€2,123 | +126.0% |
| Profit (loss) for the period before taxes | 9903 | €34,455 | -€13,720 | -€48,174 | |
| Income taxes | 67/77 | €8,642 | €149 | -€8,492 | -98.3% |
| Profit (loss) for the period | 9904 | €25,813 | -€13,869 | -€39,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,813 | -€13,869 | -€39,682 |
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 3 October 2026 via checked.be.