MEZE VERDI: 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.
MEZE VERDI
Largest movements
- Cash +€84,144
up €84,144 (+68.8%), from €122,343 to €206,487
mainly Net result for the year (+€74,481) and Depreciation (+€23,443)
- Tangible fixed assets -€23,443
down €23,443 (-11.1%), from €211,604 to €188,161
of which Furniture and vehicles: -€14,722
- Reserves +€74,481
up €74,481 (+19.9%), from €374,864 to €449,345
of which Distributable reserves: +€74,481
- Current portion of long-term debt -€7,053
down €7,053 (-58.1%), from €12,133 to €5,081
- Gross operating margin +€13,117
up €13,117 (+11.6%), from €112,885 to €126,002
- Financial income +€7,784
up €7,784 (+1,639%), from €475 to €8,259
- Taxes +€7,622
up €7,622 (+30.1%), from €25,328 to €32,950
- Staff costs +€2,169
up €2,169 (+1,643%), from €132 to €2,301
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 | €500,114 | €561,654 | +€61,540 | +12.3% |
| Fixed assets | 21/28 | €212,084 | €188,641 | -€23,443 | -11.1% |
| Tangible fixed assets | 22/27 | €211,604 | €188,161 | -€23,443 | -11.1% |
| Land and buildings | 22 | €168,470 | €160,406 | -€8,064 | -4.8% |
| Plant, machinery and equipment | 23 | €1,994 | €1,336 | -€657 | -33.0% |
| Furniture and vehicles | 24 | €41,140 | €26,418 | -€14,722 | -35.8% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €288,030 | €373,013 | +€84,983 | +29.5% |
| Amounts receivable within one year | 40/41 | €22,365 | €23,170 | +€806 | +3.6% |
| Trade receivables | 40 | €22,365 | €23,170 | +€806 | +3.6% |
| Current investments | 50/53 | €142,953 | €142,953 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,343 | €206,487 | +€84,144 | +68.8% |
| Deferred charges and accrued income | 490/1 | €370 | €403 | +€33 | +9.0% |
| Total equity and liabilities | 10/49 | €500,114 | €561,654 | +€61,540 | +12.3% |
| Equity | 10/15 | €393,464 | €467,945 | +€74,481 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €374,864 | €449,345 | +€74,481 | +19.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €373,004 | €447,485 | +€74,481 | +20.0% |
| Amounts payable | 17/49 | €106,650 | €93,709 | -€12,941 | -12.1% |
| Amounts payable after more than one year | 17 | €5,081 | - | -€5,081 | |
| Financial debts | 170/4 | €5,081 | - | -€5,081 | |
| Amounts payable within one year | 42/48 | €101,570 | €93,709 | -€7,860 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €12,133 | €5,081 | -€7,053 | -58.1% |
| Trade debts | 44 | €2,703 | €1,440 | -€1,263 | -46.7% |
| Suppliers | 440/4 | €2,703 | €1,440 | -€1,263 | -46.7% |
| Taxes, remuneration and social security | 45 | €23,600 | €24,167 | +€567 | +2.4% |
| Taxes | 450/3 | €23,600 | €24,167 | +€567 | +2.4% |
| Other amounts payable | 47/48 | €63,133 | €63,022 | -€112 | -0.2% |
| Remuneration, social security and pensions | 62 | €132 | €2,301 | +€2,169 | +1,643% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,443 | €23,443 | = | 0.0% |
| Other operating charges | 640/8 | €1,296 | €928 | -€368 | -28.4% |
| Gross operating margin | 9900 | €112,885 | €126,002 | +€13,117 | +11.6% |
| Operating profit (loss) | 9901 | €88,014 | €99,330 | +€11,316 | +12.9% |
| Financial income | 75/76B | €475 | €8,259 | +€7,784 | +1,639% |
| Recurring financial income | 75 | €475 | €8,259 | +€7,784 | +1,639% |
| Financial charges | 65/66B | €217 | €158 | -€59 | -27.2% |
| Recurring financial charges | 65 | €217 | €158 | -€59 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €88,272 | €107,430 | +€19,159 | +21.7% |
| Income taxes | 67/77 | €25,328 | €32,950 | +€7,622 | +30.1% |
| Profit (loss) for the period | 9904 | €62,944 | €74,481 | +€11,537 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,944 | €74,481 | +€11,537 | +18.3% |
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 22 October 2026 via checked.be.