MEYSSEN: what changed
Two financial 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.
MEYSSEN
Largest movements
- Tangible fixed assets +€378,260
up €378,260 (+47.1%), from €802,403 to €1.2m
of which Furniture and vehicles: +€401,172
- Cash +€64,879
up €64,879 (+152%), from €42,802 to €107,681
mainly Debts after one year (+€291,014) and Depreciation (+€93,664)
- Debts after one year +€291,014
up €291,014 (+50.3%), from €578,068 to €869,082
- Current portion of long-term debt +€66,853
up €66,853 (+137%), from €48,831 to €115,685
- Other debts +€43,749
up €43,749 (+85.9%), from €50,940 to €94,689
- Reserves +€29,565
up €29,565 (+16.8%), from €175,862 to €205,426
- Tax, wage and social debts +€17,185
up €17,185 (+100%), from €17,148 to €34,333
of which Taxes: +€16,472
- Gross operating margin +€55,042
up €55,042 (+25.0%), from €220,443 to €275,485
- Depreciation +€19,964
up €19,964 (+27.1%), from €73,700 to €93,664
- Staff costs +€9,283
up €9,283 (+19.0%), from €48,821 to €58,104
- Financial charges +€5,260
up €5,260 (+49.6%), from €10,607 to €15,867
- Other operating charges -€3,601
down €3,601 (-16.8%), from €21,496 to €17,895
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.
Derived cash bridge
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 | €906,760 | €1,358,560 | +€451,800 | +49.8% |
| Fixed assets | 21/28 | €802,403 | €1,180,663 | +€378,260 | +47.1% |
| Tangible fixed assets | 22/27 | €802,403 | €1,180,663 | +€378,260 | +47.1% |
| Land and buildings | 22 | €615,748 | €597,089 | -€18,659 | -3.0% |
| Plant, machinery and equipment | 23 | €57,404 | €53,151 | -€4,253 | -7.4% |
| Furniture and vehicles | 24 | €129,251 | €530,423 | +€401,172 | +310% |
| Current assets | 29/58 | €104,357 | €177,897 | +€73,540 | +70.5% |
| Stocks and contracts in progress | 3 | €3,000 | €1,000 | -€2,000 | -66.7% |
| Stocks | 30/36 | €3,000 | €1,000 | -€2,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €52,603 | €62,915 | +€10,312 | +19.6% |
| Trade receivables | 40 | €47,328 | €57,855 | +€10,526 | +22.2% |
| Other amounts receivable | 41 | €5,274 | €5,061 | -€214 | -4.1% |
| Current investments | 50/53 | €79 | €92 | +€13 | +15.9% |
| Cash at bank and in hand | 54/58 | €42,802 | €107,681 | +€64,879 | +152% |
| Deferred charges and accrued income | 490/1 | €5,872 | €6,208 | +€336 | +5.7% |
| Total equity and liabilities | 10/49 | €906,760 | €1,358,560 | +€451,800 | +49.8% |
| Equity | 10/15 | €194,462 | €224,026 | +€29,565 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,862 | €205,426 | +€29,565 | +16.8% |
| Distributable reserves | 133 | €175,862 | €205,426 | +€29,565 | +16.8% |
| Amounts payable | 17/49 | €712,298 | €1,134,533 | +€422,235 | +59.3% |
| Amounts payable after more than one year | 17 | €578,068 | €869,082 | +€291,014 | +50.3% |
| Financial debts | 170/4 | €578,068 | €869,082 | +€291,014 | +50.3% |
| Amounts payable within one year | 42/48 | €133,647 | €265,451 | +€131,804 | +98.6% |
| Current portion of amounts payable after more than one year | 42 | €48,831 | €115,685 | +€66,853 | +137% |
| Trade debts | 44 | €16,728 | €20,744 | +€4,016 | +24.0% |
| Suppliers | 440/4 | €16,728 | €20,744 | +€4,016 | +24.0% |
| Taxes, remuneration and social security | 45 | €17,148 | €34,333 | +€17,185 | +100% |
| Taxes | 450/3 | €11,320 | €27,792 | +€16,472 | +146% |
| Remuneration and social security | 454/9 | €5,828 | €6,541 | +€713 | +12.2% |
| Other amounts payable | 47/48 | €50,940 | €94,689 | +€43,749 | +85.9% |
| Accrued charges and deferred income | 492/3 | €583 | - | -€583 | |
| Remuneration, social security and pensions | 62 | €48,821 | €58,104 | +€9,283 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,700 | €93,664 | +€19,964 | +27.1% |
| Other operating charges | 640/8 | €21,496 | €17,895 | -€3,601 | -16.8% |
| Gross operating margin | 9900 | €220,443 | €275,485 | +€55,042 | +25.0% |
| Operating profit (loss) | 9901 | €76,426 | €105,821 | +€29,396 | +38.5% |
| Financial income | 75/76B | €1,808 | €133 | -€1,675 | -92.7% |
| Recurring financial income | 75 | €1,808 | €133 | -€1,675 | -92.7% |
| Financial charges | 65/66B | €10,607 | €15,867 | +€5,260 | +49.6% |
| Recurring financial charges | 65 | €10,607 | €15,867 | +€5,260 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €67,626 | €90,087 | +€22,460 | +33.2% |
| Income taxes | 67/77 | €10,213 | €12,487 | +€2,273 | +22.3% |
| Profit (loss) for the period | 9904 | €57,413 | €77,600 | +€20,187 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,413 | €77,600 | +€20,187 | +35.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.