MEZELF: 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.
MEZELF
Largest movements
- Receivables within one year +€47,255
up €47,255 (+530%), from €8,914 to €56,169
- Cash -€45,399
down €45,399 (-69.4%), from €65,450 to €20,051
mainly Receivables within one year (-€47,255) and Debts after one year (-€25,254)
- Tangible fixed assets -€14,084
down €14,084 (-2.5%), from €564,804 to €550,720
of which Land and buildings: -€14,697
- Debts after one year -€25,254
down €25,254 (-6.2%), from €408,477 to €383,223
- Gross operating margin -€41,538
down €41,538 (-49.3%), from €84,312 to €42,773
- Depreciation -€2,604
down €2,604 (-14.1%), from €18,404 to €15,800
- Financial charges -€1,148
down €1,148 (-5.9%), from €19,416 to €18,267
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 | €644,575 | €630,331 | -€14,244 | -2.2% |
| Fixed assets | 21/28 | €565,428 | €551,344 | -€14,084 | -2.5% |
| Tangible fixed assets | 22/27 | €564,804 | €550,720 | -€14,084 | -2.5% |
| Land and buildings | 22 | €561,726 | €547,029 | -€14,697 | -2.6% |
| Plant, machinery and equipment | 23 | €2,134 | €3,291 | +€1,158 | +54.3% |
| Furniture and vehicles | 24 | €944 | €399 | -€545 | -57.8% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €79,147 | €78,987 | -€159 | -0.2% |
| Amounts receivable within one year | 40/41 | €8,914 | €56,169 | +€47,255 | +530% |
| Trade receivables | 40 | €8,914 | €56,169 | +€47,255 | +530% |
| Cash at bank and in hand | 54/58 | €65,450 | €20,051 | -€45,399 | -69.4% |
| Deferred charges and accrued income | 490/1 | €4,783 | €2,768 | -€2,015 | -42.1% |
| Total equity and liabilities | 10/49 | €644,575 | €630,331 | -€14,244 | -2.2% |
| Equity | 10/15 | €98,306 | €102,594 | +€4,289 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,706 | €83,994 | +€4,289 | +5.4% |
| Distributable reserves | 133 | €79,706 | €83,994 | +€4,289 | +5.4% |
| Amounts payable | 17/49 | €546,269 | €527,737 | -€18,532 | -3.4% |
| Amounts payable after more than one year | 17 | €408,477 | €383,223 | -€25,254 | -6.2% |
| Financial debts | 170/4 | €408,477 | €383,223 | -€25,254 | -6.2% |
| Amounts payable within one year | 42/48 | €136,792 | €143,264 | +€6,472 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €24,196 | €25,254 | +€1,058 | +4.4% |
| Trade debts | 44 | €2,201 | €2,307 | +€106 | +4.8% |
| Suppliers | 440/4 | €2,201 | €2,307 | +€106 | +4.8% |
| Taxes, remuneration and social security | 45 | €10,118 | €15,000 | +€4,883 | +48.3% |
| Taxes | 450/3 | €3,953 | €8,835 | +€4,883 | +124% |
| Remuneration and social security | 454/9 | €6,165 | €6,165 | = | 0.0% |
| Other amounts payable | 47/48 | €100,277 | €100,702 | +€425 | +0.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,250 | +€250 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,404 | €15,800 | -€2,604 | -14.1% |
| Other operating charges | 640/8 | €1,996 | €2,127 | +€132 | +6.6% |
| Gross operating margin | 9900 | €84,312 | €42,773 | -€41,538 | -49.3% |
| Operating profit (loss) | 9901 | €63,912 | €24,846 | -€39,066 | -61.1% |
| Financial income | 75/76B | €167 | €25 | -€142 | -85.0% |
| Recurring financial income | 75 | €167 | €25 | -€142 | -85.0% |
| Financial charges | 65/66B | €19,416 | €18,267 | -€1,148 | -5.9% |
| Recurring financial charges | 65 | €19,416 | €18,267 | -€1,148 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €44,664 | €6,604 | -€38,060 | -85.2% |
| Income taxes | 67/77 | €1,849 | €2,315 | +€466 | +25.2% |
| Profit (loss) for the period | 9904 | €42,815 | €4,289 | -€38,526 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,815 | €4,289 | -€38,526 | -90.0% |
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 23 October 2026 via checked.be.